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Nonprofiteer
← REX HEALTHCARE INC

Form 990 for tax year 2022

Filed by REX HEALTHCARE INC.

Totals

Total revenue
$4,949,726
Total expenses
$4,969,754
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$4,949,726
Total assets, end of year
$59,749,972
Total liabilities, end of year
$59,798,470
Net assets or fund balances, end of year
-$48,498
Program services expenses (Part IX)
$4,329,712
Management and general expenses
$640,042
Fundraising expenses
$0
Program service expenses (Part III)
$4,329,712

Program services were 87.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: COST REIMBURSEMENT

    total $4,949,726 · excluded $4,949,726

  • 11e · Other revenue, total

    $4,949,726

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $2,485,958 · program services $2,485,958

  • 8 · Pension plan contributions

    total $58,560 · program services $58,560

  • 9 · Other employee benefits

    total $187,665 · program services $187,665

  • 10 · Payroll taxes

    total $190,537 · program services $190,537

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $853,858 · program services $853,858 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $56,213 · management and general $56,213

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $4,651 · program services $4,651

  • 17 · Travel

    total $1,377 · program services $1,377

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $572 · management and general $572

  • 20 · Interest

    total $14,340 · management and general $14,340

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $568,917 · management and general $568,917

  • 23 · Insurance

    total $0

  • 24a · Other expenses: PATIENT CARE & SERVICES

    total $545,424 · program services $545,424 · management and general $0 · fundraising $0

  • 24b · Other expenses: MINOR EQUIPMENT AND R&M

    total $745 · program services $745 · management and general $0 · fundraising $0

  • 24c · Other expenses: OTHER

    total $937 · program services $937 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $45,949,362 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $10,264,813 · end of year $56,571,362

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,717,954 · end of year $2,114,774

  • 10a · Land, buildings and equipment: cost or other basis

    $2,078,506

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,014,670

  • 10c · Land, buildings and equipment, net

    beginning of year $1,166,589 · end of year $1,063,836

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $59,127,188 · end of year $59,798,470

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

PRIMARY EXEMPT PURPOSE - TO OPERATE, PROMOTE AND ADVANCE CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES BY SUPPORTING AND OPERATING FOR THE BENEFIT OF ITS SOLE MEMBER, THE UNIVERSITY OF NORTH CAROLINA HEALTH CARE SYSTEM, AND ITS SUPPORTED ORGANIZATIONS.

Activities or mission (Part I)

THE COORDINATION OF ACTIVITIES SUPPORTING UNIVERSITY OF NORTH CAROLINA HEALTH CARE SYSTEM AND ITS CHARITABLE TAX-EXEMPT AFFILIATES.

  • TO OPERATE, PROMOTE AND ADVANCE CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES BY SUPPORTING AND OPERATING FOR THE BENEFIT OF ITS SOLE MEMBER, THE UNIVERSITY OF NORTH CAROLINA HEALTH CARE SYSTEM, AND ITS SUPPORTED ORGANIZATIONS.

    Expenses $4,329,712

As filed on the 2022 return.

Listed in Part VII

  • Stephen Burriss

    DIRECTOR

    Total calculated
    $1,558,027
    From this org
    $0
    From related orgs
    $1,303,603
    Other
    $254,424
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $937,501 related
    Bonus
    $0 + $357,702 related
    Other
    $0 + $8,400 related
    Deferred
    $0 + $240,860 related
    Nontaxable benefits
    $0 + $13,564 related
    Filer's total
    $0 + $1,558,027 related

  • Matthew Ewend MD

    DIRECTOR/PRESIDENT

    Total calculated
    $1,492,535
    From this org
    $0
    From related orgs
    $1,304,840
    Other
    $187,695
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $908,622 related
    Bonus
    $0 + $344,785 related
    Other
    $0 + $51,433 related
    Deferred
    $0 + $174,131 related
    Nontaxable benefits
    $0 + $13,564 related
    Filer's total
    $0 + $1,492,535 related

  • Ernie Bovio

    DIRECTOR/SECRETARY

    Total calculated
    $956,196
    From this org
    $0
    From related orgs
    $828,221
    Other
    $127,975
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $613,111 related
    Bonus
    $0 + $208,806 related
    Other
    $0 + $6,304 related
    Deferred
    $0 + $103,500 related
    Nontaxable benefits
    $0 + $24,475 related
    Filer's total
    $0 + $956,196 related

  • Lynne Fiscus MD

    DIRECTOR/TREASURER

    Total calculated
    $777,902
    From this org
    $0
    From related orgs
    $646,164
    Other
    $131,738
    Hours/week
    1 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $487,894 related
    Bonus
    $0 + $150,471 related
    Other
    $0 + $7,799 related
    Deferred
    $0 + $107,418 related
    Nontaxable benefits
    $0 + $24,320 related
    Filer's total
    $0 + $777,902 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, and on a Form 990-PF Part VIII's — 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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • UNC HEALTH PARTNERS LLC

    HEALTHCARE · NC · income $0 · assets $0

    Directly controlled by REX HEALTHCA

  • UNC HEALTH NOW LLC

    HEALTHCARE · NC · income $3,997,267 · assets $6,475,204

    Directly controlled by REX HEALTHCA

  • UNC HEALTH PROSTHETICS & ORTHOTICS LLC

    HEALTHCARE · NC · income $952,459 · assets $1,084,091

    Directly controlled by REX HEALTHCA

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • REX SURGERY CENTER OF CARY

    N/A · ASC · NC

    Directly controlled by NA

  • JRH VENTURES LLC

    N/A · MED CAMPUS DEVLOP · NC

    Directly controlled by NA

  • REX HEALTH VENTURES I LP

    N/A · VENTURE CAP. INV. · NC

    Directly controlled by NA

  • ORTHOPAEDIC SURGERY CENTER OF RALEIGH

    N/A · ORTHOPAEDIC SURG. · NC

    Directly controlled by NA

  • TRO VENTURES LLC

    N/A · HEALTHCARE · NC

    Directly controlled by NA

  • REX SURGERY CENTER OF WAKEFIELD

    N/A · ASC · NC

    Directly controlled by NA

  • N CHAPEL HILL SURGERY CTR LLC

    N/A · HEALTHCARE · NC

    Directly controlled by NA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • REX ENTERPRISES COMPANY INC

    C CORP · OPERATION SUPPORT · NC · share of income $0 · share of assets $0

    Directly controlled by UNC HEALTHCARE

  • UNC PHYSICIANS GRP PRACTICES II LLC

    C CORP · HEALTHCARE · NC · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by REX HEALTHCARE

  • UNC HEALTH INNOVATIONS INC

    C CORP · OPERATION SUPPORT · NC · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by REX HEALTHCARE

Provenance

Return type
form_990
Tax year
2022
Filed
1 April 2024
IRS schema version
2022v5.0
Source object
202440929349301289

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