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← UNIVERSITY OF WISCONSIN MEDICAL FOUNDATION INC

Form 990 for tax year 2022

Filed by UNIVERSITY OF WISCONSIN MEDICAL FOUNDATION INC.

Totals

Total revenue
$1,232,049,833
Total expenses
$1,269,657,709
Contributions and grants received
$250,080,001
Grants paid
$56,443,366
Program service revenue
$969,330,241
Investment income
$7,176,490
Other revenue
$5,463,101
Total assets, end of year
$747,364,436
Total liabilities, end of year
$379,419,622
Net assets or fund balances, end of year
$367,944,814
Program services expenses (Part IX)
$1,245,071,563
Management and general expenses
$24,586,146
Fundraising expenses
$0
Program service expenses (Part III)
$1,245,071,563

Program services were 98.1% 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.

  • 1d · Related organizations

    $249,192,584

  • 1f · All other contributions, gifts and grants

    $887,417

  • 2a · Program service revenue: Patient Services

    total $702,805,286 · related or exempt $702,805,286

  • 2b · Program service revenue: Premium Revenue

    total $262,024,291 · related or exempt $262,024,291

  • 2c · Program service revenue: Medicare QPP Incentive

    total $2,304,620 · related or exempt $2,304,620

  • 2f · All other program service revenue

    total $2,196,044 · related or exempt $2,080,213 · unrelated business $115,831

  • 3 · Investment income

    total $10,395,937 · unrelated business -$35,356 · excluded $10,431,293

  • 6a · Gross rents

    real property $2,684,191

  • 6b · Less rental expenses

    real property $169

  • 6c · Rental income or loss

    real property $2,684,022

  • 6d · Net rental income or loss

    total $2,684,022 · unrelated business $97,954 · excluded $2,586,068

  • 7a · Gross sales of assets other than inventory

    securities $39,409,457

  • 7b · Less cost or other basis and sales expenses

    securities $42,612,530 · other assets $16,374

  • 7c · Gain or loss

    securities -$3,203,073 · other assets -$16,374

  • 7d · Net gain or loss

    total -$3,219,447 · excluded -$3,219,447

  • 10a · Gross sales of inventory

    $3,467,687

  • 10b · Cost of goods sold

    $1,610,030

  • 10c · Net income from sales of inventory

    total $1,857,657 · related or exempt $1,857,657

  • 11a · Other revenue: Legal Revenue

    total $509,753 · excluded $509,753

  • 11d · All other revenue

    total $411,669 · excluded $411,669

  • 11e · Other revenue, total

    $921,422

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $56,443,366 · program services $56,443,366

  • 5 · Compensation of officers, directors and key employees

    total $7,044,000 · program services $5,529,073 · management and general $1,514,927

  • 7 · Other salaries and wages

    total $730,240,113 · program services $709,813,817 · management and general $20,426,296

  • 8 · Pension plan contributions

    total $19,867,868 · program services $19,867,868

  • 9 · Other employee benefits

    total $53,096,347 · program services $53,096,347

  • 10 · Payroll taxes

    total $33,906,116 · program services $33,906,116

  • 11a · Fees: management

    total $52,478,397 · program services $51,484,077 · management and general $994,320

  • 11b · Fees: legal

    total $71,437 · management and general $71,437

  • 11c · Fees: accounting

    total $149,885 · management and general $149,885

  • 12 · Advertising and promotion

    total $86,186 · program services $86,186

  • 13 · Office expenses

    total $1,873,229 · program services $1,873,229

  • 14 · Information technology

    total $459,669 · program services $459,669

  • 16 · Occupancy

    total $22,876,147 · program services $22,876,147

  • 17 · Travel

    total $4,106,713 · program services $4,106,713

  • 19 · Conferences, conventions and meetings

    total $3,304,320 · program services $3,304,320

  • 20 · Interest

    total $1,429,281 · management and general $1,429,281

  • 22 · Depreciation, depletion and amortization

    total $20,691,156 · program services $20,691,156

  • 23 · Insurance

    total $2,108,801 · program services $2,108,801

  • 24a · Other expenses: Reimb. of Med School Ex

    total $180,689,696 · program services $180,689,696

  • 24b · Other expenses: Drugs and Patient Care

    total $65,980,745 · program services $65,980,745

  • 24c · Other expenses: Due and Subscriptions

    total $3,497,566 · program services $3,497,566

  • 24d · Other expenses: Income Tax

    total $73,562 · program services $73,562

  • 24e · All other expenses

    total $9,183,109 · program services $9,183,109

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $259,909,685 · end of year $239,460,926

  • 4 · Accounts receivable

    beginning of year $84,323,883 · end of year $93,534,182

  • 8 · Inventories for sale or use

    beginning of year $5,309,891 · end of year $4,926,185

  • 9 · Prepaid expenses and deferred charges

    beginning of year $819,473 · end of year $859,290

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

    $227,919,887

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

    $127,524,465

  • 10c · Land, buildings and equipment, net

    beginning of year $100,611,483 · end of year $100,395,422

  • 11 · Investments: publicly traded securities

    beginning of year $181,408,191 · end of year $195,498,422

  • 13 · Investments: program-related

    beginning of year $76,705,010 · end of year $59,586,539

  • 15 · Other assets

    beginning of year $54,195,372 · end of year $53,103,470

  • 17 · Accounts payable and accrued expenses

    beginning of year $132,797,324 · end of year $148,244,944

  • 19 · Deferred revenue

    beginning of year $279,020 · end of year $630,277

  • 20 · Tax-exempt bond liabilities

    beginning of year $17,735,000 · end of year $14,950,000

  • 25 · Other liabilities

    beginning of year $214,050,098 · end of year $215,594,401

  • 27 · Net assets without donor restrictions

    beginning of year $398,421,546 · end of year $367,944,814

Mission and programs · 2022

Mission

University of Wisconsin Medical Foundation (UWMF) supports the teaching, research and service missions of the University of Wisconsin School of Medicine and Public Health by promoting the delivery of excellent and innovative patient care by faculty and staff who serve local, regional, national and international populations.

  • Funding allocated to provide healthcare for the benefit of, and in support of, the purpose of the University of Wisconsin School of Medicine and Public Health. Delivery of patient care serving local, regional, national, and international populations.

    Expenses $1,008,005,618 · Grants $67,117 · Revenue $971,187,898

  • Funding provided to support the teaching/academic mission and support the University of Wisconsin School of Medicine and Public Health.

    Expenses $226,035,565 · Grants $45,345,869

  • Funding allocated to provide medical research for the benefit of, and in support of, the purpose of the University of Wisconsin School of Medicine and Public Health.

    Expenses $10,892,330 · Grants $10,892,330

  • Other Program Revenue and Expenses allocated to provide medical education for the benefit of and in support of the purpose of the University of Wisconsin School of Medicine and Public Health.

    Expenses $138,050 · Grants $138,050

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Alan Kaplan MD

    Chairman of the Board

    Total calculated
    $3,879,093
    From this org
    $0
    From related orgs
    $3,107,291
    Other
    $771,802
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,828,660 related
    Bonus
    $0 + $1,145,625 related
    Other
    $0 + $133,006 related
    Deferred
    $0 + $718,865 related
    Nontaxable benefits
    $0 + $52,937 related
    Filer's total
    $0 + $3,879,093 related

  • Petros Anagnostopoulos MD

    Director

    Total calculated
    $1,550,042
    From this org
    $1,487,606
    From related orgs
    $0
    Other
    $62,436
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $1,487,606
    Bonus
    $0
    Other
    $0
    Deferred
    $61,000
    Nontaxable benefits
    $1,436
    Filer's total
    $1,550,042

  • Rebecca Minter MD

    Director

    Total calculated
    $1,163,238
    From this org
    $1,100,802
    From related orgs
    $0
    Other
    $62,436
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $1,100,802
    Bonus
    $0
    Other
    $0
    Deferred
    $61,000
    Nontaxable benefits
    $1,436
    Filer's total
    $1,163,238

  • Stephen Nakada MD

    Director

    Total calculated
    $1,145,767
    From this org
    $1,129,081
    From related orgs
    $0
    Other
    $16,686
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $1,129,081
    Bonus
    $0
    Other
    $0
    Deferred
    $15,250
    Nontaxable benefits
    $1,436
    Filer's total
    $1,145,767

  • Kelly McQueen MD

    Director

    Total calculated
    $717,847
    From this org
    $656,784
    From related orgs
    $0
    Other
    $61,063
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $656,784
    Bonus
    $0
    Other
    $0
    Deferred
    $61,000
    Nontaxable benefits
    $63
    Filer's total
    $717,847

  • Lynn Schnapp MD

    Director

    Total calculated
    $704,803
    From this org
    $673,490
    From related orgs
    $0
    Other
    $31,313
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $673,490
    Bonus
    $0
    Other
    $0
    Deferred
    $30,500
    Nontaxable benefits
    $813
    Filer's total
    $704,803

  • Elizabeth Trowbridge MD

    Director

    Total calculated
    $495,017
    From this org
    $438,395
    From related orgs
    $0
    Other
    $56,622
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $434,831
    Bonus
    $0
    Other
    $3,564
    Deferred
    $55,509
    Nontaxable benefits
    $1,113
    Filer's total
    $495,017

  • Sarah McAchran MD

    Director

    Total calculated
    $459,669
    From this org
    $398,606
    From related orgs
    $0
    Other
    $61,063
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $398,606
    Bonus
    $0
    Other
    $0
    Deferred
    $61,000
    Nontaxable benefits
    $63
    Filer's total
    $459,669

  • Jamie Hess MD

    President

    Total calculated
    $373,513
    From this org
    $312,450
    From related orgs
    $0
    Other
    $61,063
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $312,450
    Bonus
    $0
    Other
    $0
    Deferred
    $61,000
    Nontaxable benefits
    $63
    Filer's total
    $373,513

  • Sandra Kamnetz MD

    Director

    Total calculated
    $412,161
    From this org
    $352,518
    From related orgs
    $0
    Other
    $59,643
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $302,387
    Bonus
    $50,131
    Other
    $0
    Deferred
    $59,602
    Nontaxable benefits
    $41
    Filer's total
    $412,161

  • Kelsie Doty

    CAO

    Total calculated
    $392,636
    From this org
    $331,511
    From related orgs
    $0
    Other
    $61,125
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $254,907
    Bonus
    $73,083
    Other
    $3,521
    Deferred
    $46,444
    Nontaxable benefits
    $14,681
    Filer's total
    $392,636

  • Jennifer Alexander

    Director (until 12/31/22)

    Total calculated
    $0
    Hours/week
    1

  • Ronald Anderson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Deb Archer

    Director

    Total calculated
    $0
    Hours/week
    1

  • George Kamperschroer

    Director

    Total calculated
    $0
    Hours/week
    1

  • Pablo Sanchez

    Director (as of 1/01/2023)

    Total calculated
    $0
    Hours/week
    1

  • Kelly Wilson

    Secretary

    Total calculated
    $1,065,652
    From this org
    $0
    From related orgs
    $915,327
    Other
    $150,325
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $643,687 related
    Bonus
    $0 + $271,490 related
    Other
    $0 + $150 related
    Deferred
    $0 + $118,085 related
    Nontaxable benefits
    $0 + $32,240 related
    Filer's total
    $0 + $1,065,652 related

  • Jodi Vitello

    Treasurer

    Total calculated
    $541,260
    From this org
    $0
    From related orgs
    $448,949
    Other
    $92,311
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $345,006 related
    Bonus
    $0 + $100,136 related
    Other
    $0 + $3,807 related
    Deferred
    $0 + $57,095 related
    Nontaxable benefits
    $0 + $35,216 related
    Filer's total
    $0 + $541,260 related

  • Peter Newcomer

    Medical Director

    Total calculated
    $1,278,716
    From this org
    $1,096,925
    From related orgs
    $0
    Other
    $181,791
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $758,752
    Bonus
    $338,173
    Other
    $0
    Deferred
    $180,355
    Nontaxable benefits
    $1,436
    Filer's total
    $1,278,716

  • Mustafa Baskaya

    Physician

    Total calculated
    $1,571,752
    From this org
    $1,510,689
    From related orgs
    $0
    Other
    $61,063
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $1,510,689
    Bonus
    $0
    Other
    $0
    Deferred
    $61,000
    Nontaxable benefits
    $63
    Filer's total
    $1,571,752

  • Katherine Gast

    Physician

    Total calculated
    $1,556,900
    From this org
    $1,495,837
    From related orgs
    $0
    Other
    $61,063
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $1,495,837
    Bonus
    $0
    Other
    $0
    Deferred
    $61,000
    Nontaxable benefits
    $63
    Filer's total
    $1,556,900

  • Samuel Poore

    Physician

    Total calculated
    $1,437,773
    From this org
    $1,376,710
    From related orgs
    $0
    Other
    $61,063
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $1,376,710
    Bonus
    $0
    Other
    $0
    Deferred
    $61,000
    Nontaxable benefits
    $63
    Filer's total
    $1,437,773

  • Azam Ahmed

    Physician

    Total calculated
    $1,325,195
    From this org
    $1,264,132
    From related orgs
    $0
    Other
    $61,063
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $1,264,132
    Bonus
    $0
    Other
    $0
    Deferred
    $61,000
    Nontaxable benefits
    $63
    Filer's total
    $1,325,195

  • Michael Altaweel

    Physician

    Total calculated
    $1,266,247
    From this org
    $1,219,061
    From related orgs
    $0
    Other
    $47,186
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $1,219,061
    Bonus
    $0
    Other
    $0
    Deferred
    $45,750
    Nontaxable benefits
    $1,436
    Filer's total
    $1,266,247

  • Robert Flannery

    Former CAO

    Total calculated
    $1,334,878
    From this org
    $1,139,055
    From related orgs
    $0
    Other
    $195,823
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $798,143
    Bonus
    $334,560
    Other
    $6,352
    Deferred
    $158,861
    Nontaxable benefits
    $36,962
    Filer's total
    $1,334,878

  • Nizar Jarjour

    Former President

    Total calculated
    $594,244
    From this org
    $533,181
    From related orgs
    $0
    Other
    $61,063
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $533,181
    Bonus
    $0
    Other
    $0
    Deferred
    $61,000
    Nontaxable benefits
    $63
    Filer's total
    $594,244

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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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

The filer's explanations (Part III)

Part I, Line 1a
UWMF reimburses Chairs and the Dean of the Medical School for the business use of their social club dues. As a business expense, amounts are not taxable.
Part I, Line 4b
Several members of the board participate in supplemental, non-qualified retirement plans through University of Wisconsin Medical Foundation, or related organizations. Those individuals participate in a 457(f) plan. In 2022, the following employer contributions were made: - Kelsie Doty $6,938 - Robert Flannery $119,355 - Alan Kaplan $696,600 - Jodi Vitello $34,830 - Kelly Wilson $95,820 - Peter Newcomer $119,355 In 2022, the following employer distribution was made: - Alan Kaplan $110,000
Part II, Column B:
Certain individuals received compensation from the University of Wisconsin School of Medicine and Public Health, an unrelated organization, for their services as physicians or professors. The following individuals have this compensation reported on Schedule J, Part II, Column b(i): - Petros Anagnostopoulos $75,165 - Mustafa Baskaya $84,102 - Jamie Hess $59,651 - Sandra Kamnetz $114,109 - Rebecca Minter $277,939 - Stephen Nakada $244,027 - Peter Newcomer $156,423 - Samuel Poore $35,414 - Lynn Schnapp $226,116 - Elizabeth Trowbridge $213,279 - Katherine Gast $53,036 - Nizar Jarjour $245,398 - Sarah McAchran $76,416 - Kelly McQueen $206,283 - Azam Ahmed $58,575 - Michael Atlaweel $102,213

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

Related partnerships

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

  • Chartwell Wisconsin Enterprises LLC

    Related · Parent entity of CW and CMW-HR · WI · 50% owned · share of income -$450,951 · share of assets $8,696,252

  • Madison Medical Center LLP

    Real Estate · WI

  • Northern Illinois Vein Clinic

    Outpatient Health Services · IL

  • Sixth Street Medical LLC

    Real Estate · WI

  • Three Rivers Partners LLC

    Information Technology Services · IL

Related corporations and trusts

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

  • Physician's Care Network

    C · Health Services · IL · controlled entity

  • Quartz Health Benefit Plans Corporation

    C · Health Maintenance Organization · WI · controlled entity

  • Quartz Holding Company

    C · Holding Company · WI · controlled entity

  • Quartz Health Solutions

    C · Insurance · WI · controlled entity

  • Quartz Health Insurance Corporation

    C · Health Maintenance Organization · WI · controlled entity

  • SARI Insurance Company

    C · Captive Insurance Company · VT · controlled entity

  • State & Charles Inc

    C · Holding Company · IL · controlled entity

  • SwedishAmerican Health Management Corp

    C · Management Services · IL · controlled entity

  • Wisconsin Dialysis

    C · Dialysis Services · WI · controlled entity

Provenance

Return type
form_990
Tax year
2022
Filed
30 April 2024
IRS schema version
2022v5.0
Source object
202411299349300121

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