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← UCMC TITLE HOLDING CORPORATION II NFP

Form 990 for tax year 2023

Filed by UCMC TITLE HOLDING CORPORATION II NFP.

Totals

Total revenue
$1,136,127
Total expenses
$488,837
Contributions and grants received
$0
Grants paid
$0
Program services expenses (Part IX)
$488,557
Management and general expenses
$280
Fundraising expenses
$0
Program service expenses (Part III)
$488,557

Program services were 99.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • IVAN SAMSTEIN

    CHAIRMAIN AND DIRECTOR

    Total calculated
    $1,937,704
    From this org
    $0
    From related orgs
    $1,704,200
    Other
    $233,504
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,067,829 related
    Bonus
    $0 + $598,691 related
    Other
    $0 + $37,680 related
    Deferred
    $0 + $195,751 related
    Nontaxable benefits
    $0 + $37,753 related
    Filer's total
    $0 + $1,937,704 related

  • JUSTIN KATS

    SECRETARY (THRU 3/22/24)

    Total calculated
    $362,577
    From this org
    $0
    From related orgs
    $304,612
    Other
    $57,965
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $265,661 related
    Bonus
    $0 + $37,764 related
    Other
    $0 + $1,187 related
    Deferred
    $0 + $20,609 related
    Nontaxable benefits
    $0 + $37,356 related
    Filer's total
    $0 + $362,577 related

  • MICHELLE SALOMON

    SECRETARY

    Total calculated
    $283,750
    From this org
    $0
    From related orgs
    $246,423
    Other
    $37,327
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $196,667 related
    Bonus
    $0 + $17,772 related
    Other
    $0 + $31,984 related
    Deferred
    $0 + $35,953 related
    Nontaxable benefits
    $0 + $1,374 related
    Filer's total
    $0 + $283,750 related

  • PHILLIP KAUFMAN

    BOARD MEMBER/TREASURER

    Total calculated
    $785,287
    From this org
    $0
    From related orgs
    $688,969
    Other
    $96,318
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $399,616 related
    Bonus
    $0 + $99,823 related
    Other
    $0 + $189,530 related
    Deferred
    $0 + $67,741 related
    Nontaxable benefits
    $0 + $28,577 related
    Filer's total
    $0 + $785,287 related

  • SHANNON SEAY

    BOARD MEMBER (EFF 4/12/24)

    Total calculated
    $247,033
    From this org
    $0
    From related orgs
    $203,304
    Other
    $43,729
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $179,919 related
    Bonus
    $0 + $22,586 related
    Other
    $0 + $799 related
    Deferred
    $0 + $14,320 related
    Nontaxable benefits
    $0 + $29,409 related
    Filer's total
    $0 + $247,033 related

  • ANN MCCOLGAN

    TREASURER (THRU 5/1/23)

    Total calculated
    $297,884
    From this org
    $0
    From related orgs
    $271,598
    Other
    $26,286
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $91,513 related
    Bonus
    $0 + $59,570 related
    Other
    $0 + $120,515 related
    Deferred
    $0 + $8,158 related
    Nontaxable benefits
    $0 + $18,128 related
    Filer's total
    $0 + $297,884 related

  • GARY GASBARRA

    DIRECTOR (THRU 12/6/22)

    Total calculated
    $447,194
    From this org
    $0
    From related orgs
    $431,338
    Other
    $15,856
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0 + $39,157 related
    Other
    $0 + $392,181 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $15,856 related
    Filer's total
    $0 + $447,194 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings

The filer's explanations (Part III)

Schedule J, Part I, Line 4a Severance or change-of-control payment
IN CALENDAR YEAR 2023, GARY GASBARRA RECEIVED SEVERANCE PAYMENTS FOLLOWING HIS TERMINATION OF EMPLOYMENT ($356,631).
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
CERTAIN INDIVIDUALS LISTED IN SCHEDULE J, PART II PARTICIPATE IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN TO WHICH A RELATED ENTITY MAKES ANNUAL CONTRIBUTIONS. THESE CONTRIBUTIONS ARE AT RISK AND DO NOT BECOME VESTED AND PAYABLE UNLESS AND UNTIL THE INDIVIDUAL SATISFIES A SUBSTANTIAL FUTURE SERVICE REQUIREMENT. THE FOLLOWING INDIVIDUALS HAD CONTRIBUTIONS MADE TO THE PLAN IN JANUARY 2024 FOR CALENDAR YEAR 2023: PHILLIP KAUFMAN MICHELLE SALOMON IVAN SAMSTEIN THE FOLLOWING INDIVIDUALS BECAME VESTED IN, AND WERE TAXED ON, AMOUNTS PREVIOUSLY CREDITED UNDER THE PLAN TO THE INDIVIDUAL FOR SERVICES PROVIDED TO THE ORGANIZATION IN PRIOR YEARS (INCLUDED IN 2023 W-2S): PHILLIP KAUFMAN - $179,087 ANN MCCOLGAN - $81,828 THE FOLLOWING INDIVIDUALS RECEIVED A DISTRIBUTION FROM A SUPPLEMENTAL RETIREMENT PLAN FOLLOWING THEIR TERMINATION OF EMPLOYMENT, IN ACCORDANCE WITH THE GOVERNING PLAN DOCUMENT. GARY GASBARRA - $39,556 ANN MCCOLGAN - $131,854 SOME OF THESE AMOUNTS WERE PREVIOUSLY REPORTED ON A PRIOR FORM 990 AS DEFERRED COMPENSATION AS SET FORTH IN COLUMN (F) OF PART II.
Schedule J, Part II
TAXABLE INCOME REPORTED IN COLUMN (B) MAY INCLUDE PAYMENTS FROM THE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP). IN MOST CASES, THESE PAYMENTS WERE EARNED OVER MANY YEARS OF EMPLOYMENT AND THE AMOUNTS HAD PREVIOUSLY BEEN SUBJECT TO VESTING RULES. SERP PAYMENT AMOUNTS EARNED IN PRIOR YEARS WERE PREVIOUSLY REPORTED ON THE FORM 990 AS DEFERRED COMPENSATION AND ARE REPORTED IN THIS 2023 FORM 990 ON SCHEDULE J, PART II, COLUMN (F). THE INDEPENDENT COMPENSATION COMMITTEE OF THE BOARD CONDUCTS ITS REVIEW AND APPROVAL OF ALL EXECUTIVE COMPENSATION, INCLUDING THESE SERP AMOUNTS, IN A MANNER THAT QUALIFIES FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER FEDERAL TAX LAW. THIS IS A RIGOROUS REVIEW PROCESS DESIGNED FOR TAX-EXEMPT ORGANIZATIONS BY THE INTERNAL REVENUE SERVICE, AND IT MEANS THAT THE BOARD COMPENSATION COMMITTEE DOES NOT HAVE ANY CONFLICTS OF INTEREST, AND RELIES ON MARKET DATA COMPILED BY AN INDEPENDENT COMPENSATION CONSULTANT TO SUPPORT ALL EXECUTIVE PAY AS MARKET COMPETITIVE AND REASONABLE. FOR THE INDIVIDUALS LISTED ON SCHEDULE J, PART II THAT ARE IDENTIFIED AS FORMER OFFICERS OR KEY EMPLOYEES, THE COMPENSATION LISTED IS EITHER THE FAIR MARKET VALUE COMPENSATION PAID TO THEM FOR SERVICES THEY PERFORMED AS ACTIVE EMPLOYEES OF UCMC OR A RELATED ORGANIZATION (AND WAS NOT PAID TO THEM DUE TO THEIR FORMERLY HAVING BEEN LISTED AS OFFICERS OR KEY EMPLOYEES), OR AS COMPENSATION FOR A COMBINATION OF SERVICES AND SEVERANCE: GARY GASBARRA AND ANN MCCOLGAN

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202501359349305900

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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