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← UCM NETWORK DEVELOPMENT FOUNDATION

Form 990 for tax year 2022

Filed by UCM NETWORK DEVELOPMENT FOUNDATION.

Totals

Total revenue
$2,218,531
Total expenses
$4,196,646
Contributions and grants received
$1,336,893
Grants paid
$1,598,052
Program service revenue
$0
Investment income
$978,984
Other revenue
-$97,346
Total assets, end of year
$66,980,322
Total liabilities, end of year
$516,041
Net assets or fund balances, end of year
$66,464,281
Program services expenses (Part IX)
$3,158,337
Management and general expenses
$939,123
Fundraising expenses
$99,186
Program service expenses (Part III)
$3,158,337

Program services were 75.3% 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.

  • 1c · Fundraising events

    $207,113

  • 1d · Related organizations

    $589,617

  • 1f · All other contributions, gifts and grants

    $540,163

  • 1g · Noncash contributions included above

    $14,126

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $397,334 · excluded $397,334

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $581,650

  • 7c · Gain or loss

    securities $581,650 · other assets $0

  • 7d · Net gain or loss

    total $581,650 · excluded $581,650

  • 8a · Fundraising events: gross income

    $81,794

  • 8a · Fundraising events: contributions included on line 1c

    $207,113

  • 8b · Fundraising events: direct expenses

    $179,194

  • 8c · Net income from fundraising events

    total -$97,400 · excluded -$97,400

  • 11a · Other revenue: Other revenue

    total $54 · related or exempt $54

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $54

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,598,052 · program services $1,598,052

  • 11c · Fees: accounting

    total $1,557 · management and general $1,557

  • 11f · Fees: investment management

    total $274,265 · management and general $274,265

  • 11g · Fees: other

    total $609,362 · program services $0 · management and general $609,362 · fundraising $0

  • 12 · Advertising and promotion

    total $4,893 · management and general $4,893

  • 13 · Office expenses

    total $5,683 · program services $984 · management and general $4,699

  • 17 · Travel

    total $6,954 · management and general $6,954

  • 24a · Other expenses: CAPITAL PURCHASES

    total $1,458,000 · program services $1,458,000

  • 24b · Other expenses: BENEFIT SHOW EXPENSES

    total $99,186 · fundraising $99,186

  • 24c · Other expenses: MANAGEMENT FEE

    total $23,184 · management and general $23,184

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $7,730 · management and general $7,730

  • 24e · All other expenses

    total $107,780 · program services $101,301 · management and general $6,479 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $200 · end of year $200

  • 2 · Savings and temporary cash investments

    beginning of year $1,438,324 · end of year $1,121,670

  • 4 · Accounts receivable

    beginning of year $236,629 · end of year $232,315

  • 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

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,265 · end of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $57,037,231 · end of year $56,103,112

  • 12 · Investments: other securities

    beginning of year $9,073,814 · end of year $9,325,030

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $236,221 · end of year $197,995

  • 17 · Accounts payable and accrued expenses

    beginning of year $949,319 · end of year $305,614

  • 19 · Deferred revenue

    beginning of year $178,676 · end of year $203,929

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $6,498

  • 27 · Net assets without donor restrictions

    beginning of year $54,624,387 · end of year $54,999,750

  • 28 · Net assets with donor restrictions

    beginning of year $12,283,302 · end of year $11,464,531

Mission and programs · 2022

Mission

TO PROMOTE AND SUPPORT, DIRECTLY OR INDIRECTLY, BY DONATION, LOAN OR OTHERWISE, THE INTERESTS AND PURPOSES OF INGALLS MEMORIAL HOSPITAL AND THE UNIVERSITY OF CHICAGO MEDICAL CENTER.

Activities or mission (Part I)

INGALLS DEVELOPMENT FOUNDATION (IDF) SUPPORTS INGALLS MEMORIAL HOSPITAL BY PROVIDING LEADERSHIP FOR THE OPERATION OF FUNDRAISING EVENTS EACH YEAR.

  • DURING FY2023 INGALLS DEVELOPMENT FOUNDATION HELD TWO FUNDRAISING EVENTS - THE GOLF OUTING AND THE FASHION SHOW. INGALLS DEVELOPMENT FOUNDATION (IDF) GENERALLY HOLDS THREE FUNDRAISING EVENTS EACH YEAR HOWEVER THE BENEFIT SHOW, WHICH IS THE LARGEST FUNDRAISER, WAS POSTPONED UNTIL SEPTEMBER 2023. IN ADDITION TO THE FUNDRAISING EVENTS, THE ORGANIZATION DEVELOPS AND MAINTAINS COMMUNITY AND PUBLIC RELATIONSHIPS TO SUPPORT THE FINANCIAL NEEDS OF INGALLS MEMORIAL HOSPITAL AND THE UNIVERSITY OF CHICAGO MEDICAL CENTER. THESE RELATIONSHIPS ARE TARGETED TO GENERATE FUNDS FOR NEW PROGRAMS AND TO PROVIDE SERVICES TO MEMBERS OF THE COMMUNITY WITHOUT RESOURCES TO PAY FOR REQUIRED HEALTHCARE SERVICES.

    Expenses $3,158,337 · Grants $1,598,052 · Revenue $54

As filed on the 2022 return.

Listed in Part VII

  • Brad Gnade

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Emily Chase

    INTERIM PRESIDENT (7/10/22 THRU 3/7/23)

    Total calculated
    $957,706
    From this org
    $0
    From related orgs
    $814,302
    Other
    $143,404
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $533,446 related
    Bonus
    $0 + $240,486 related
    Other
    $0 + $40,370 related
    Deferred
    $0 + $105,854 related
    Nontaxable benefits
    $0 + $37,550 related
    Filer's total
    $0 + $957,706 related

  • Michael Antoniades

    INTERIM PRESIDENT (EFF. 3/7/23)

    Total calculated
    $0
    Hours/week
    1 + 43 related

  • Randy Neiswonger

    BOARD MEMBER/PRESIDENT (THRU 7/10/22)

    Total calculated
    $425,007
    From this org
    $0
    From related orgs
    $388,177
    Other
    $36,830
    Hours/week
    1 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $257,241 related
    Bonus
    $0 + $127,836 related
    Other
    $0 + $3,100 related
    Deferred
    $0 + $7,947 related
    Nontaxable benefits
    $0 + $28,883 related
    Filer's total
    $0 + $425,007 related

  • Samuel J Cutrara Jr

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Antonia McBride

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brenda Battle

    BOARD MEMBER & UCMC SVP

    Total calculated
    $763,862
    From this org
    $0
    From related orgs
    $662,829
    Other
    $101,033
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $418,983 related
    Bonus
    $0 + $141,040 related
    Other
    $0 + $102,805 related
    Deferred
    $0 + $82,738 related
    Nontaxable benefits
    $0 + $18,294 related
    Filer's total
    $0 + $763,862 related

  • David A Berg

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Deborah Burnet MD

    BOARD MEMBER

    Total calculated
    $398,973
    From this org
    $0
    From related orgs
    $353,902
    Other
    $45,071
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $335,205 related
    Bonus
    $0 + $18,696 related
    Other
    $0
    Deferred
    $0 + $24,400 related
    Nontaxable benefits
    $0 + $20,671 related
    Filer's total
    $0 + $398,972 related

  • Gale Kozloff

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • James Wallace MD

    BOARD MEMBER

    Total calculated
    $759,291
    From this org
    $0
    From related orgs
    $744,041
    Other
    $15,250
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $673,918 related
    Bonus
    $0 + $51,768 related
    Other
    $0 + $18,355 related
    Deferred
    $0 + $15,250 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $759,291 related

  • Lenita Johnson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Linda Conway

    BOARD MEMBER (EFF. 9/21/2021)

    Total calculated
    $0
    Hours/week
    1

  • Lois Glasgow

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Louis J Rose

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mallory Sutton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Marva Bunch

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Patrick M Fagen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ivan Samstein

    CHIEF FINANCIAL OFFICER

    Total calculated
    $1,404,762
    From this org
    $0
    From related orgs
    $1,193,414
    Other
    $211,348
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $873,834 related
    Bonus
    $0 + $287,750 related
    Other
    $0 + $31,830 related
    Deferred
    $0 + $176,154 related
    Nontaxable benefits
    $0 + $35,194 related
    Filer's total
    $0 + $1,404,763 related

  • Richard W Silveria

    FORMER CHIEF FINANCIAL OFFICER (THRU 4/22/21)

    Total calculated
    $251,969
    From this org
    $0
    From related orgs
    $251,969
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $251,969 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $251,969 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

  • 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 3 Arrangement used to establish the top management official's compensation
COMPENSATION OF THE PRESIDENT AND CEO OF IDF IS DETERMINED BY THE EXECUTIVE COMMITTEE OF INGALLS MEMORIAL HOSPITAL. THIS COMMITTEE'S DETERMINATION PROCESS UTILIZES A COMBINATION OF AN INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION STUDIES/SURVEYS, ALONG WITH APPROVAL BY THE COMPENSATION COMMITTEE.
Schedule J, Part I, Line 4a Severance or change-of-control payment
IN CALENDAR YEAR 2022, RICHARD SILVERIA RECEIVED SEVERANCE PAYMENTS FOLLOWING HIS TERMINATION OF EMPLOYMENT ($251,969).
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 UCMC 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 2023 FOR CALENDAR YEAR 2022: BRENDA A. BATTLE EMILY CHASE 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 2022 W-2S): BRENDA A. BATTLE - $56,979
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 2022 FORM 990 ON SCHEDULE J, PART II, COLUMN (F). AN INDEPENDENT COMPENSATION COMMITTEE OF THE BOARD ANNUALLY REVIEWS THESE BENEFITS IN COMPARISON TO MARKET DATA AND HAS CONCLUDED THAT THESE BENEFITS AND ALL OTHER FORMS OF COMPENSATION PROVIDED TO THESE INDIVIDUALS ARE REASONABLE. 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 IMH OR A RELATED ORGANIZATION (AND WAS NOT PAID TO THEM DUE TO THEIR FORMERLY HAVING BEEN LISTED AS OFFICERS OR KEY EMPLOYEES), OR COMPENSATION AS A COMBINATION OF SERVICES AND SEVERANCE: RICHARD SILVERIA

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

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.

  • ADVENTIST MIDWESTUSP SURGERY CENTERS LLC

    N/A · SURGERY CENTER · IL

    Directly controlled by NA

  • INGALLS SAME DAY SURGERY CTR

    N/A · SURGERY CENTER · IL

    Directly controlled by NA

  • PABHS-UCM MSO JV LLC

    N/A · RADIOLOGY ONCOLOGY · IL

    Directly controlled by NA

  • PABHS-UCM RADONC JV

    N/A · RADIOLOGY ONCOLOGY · IL

    Directly controlled by NA

  • UCMC-SOLIS OFF-CAMPUS MAMMOGRAPHY SERVICES LLC

    N/A · MAMMOGRAPHY · DE

    Directly controlled by NA

  • UCMC-SOLIS ON-CAMPUS MAMMOGRAPHY LLC

    N/A · MAMMOGRAPHY · DE

    Directly controlled by NA

Related corporations and trusts

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

  • CHARITABLE LEAD TRUST (0)

    Trust · CHAR LEAD TRUST · IL

    Directly controlled by NA

  • CHARITABLE REMAINDER TRUSTS (68)

    Trust · CHAR RMDR TRUST · IL

    Directly controlled by NA

  • INGALLS CASUALTY INSURANCE LTD

    C Corporation · LIAB INSURANCE · CJ

    Directly controlled by NA

  • INGALLS HEALTH COUNCIL

    C Corporation · PURCHASING GROUP · IL

    Directly controlled by NA

  • INGALLS PROVIDER GROUP

    C Corporation · INSURANCE SERVICE · IL

    Directly controlled by NA

  • MEDCENTRIX INC

    C Corporation · BILLING & MGMT · IL

    Directly controlled by NA

  • PHOENIX OVERLAY FUND LTD

    INVESTMENT · CJ

    Directly controlled by NA

  • POOLED INCOME FUND (1)

    C Corporation · POOLED INCO FUND · IL

    Directly controlled by NA

  • SC CURRICULUM INC

    C Corporation · SCNC CURRICULUM · IL

    Directly controlled by NA

  • UCHICAGO (BEIJING) CONSULTING CO LTD

    CONSULTING · CH

    Directly controlled by NA

  • UCHICAGO CENTER IN INDIA PRIVATE LIMITED

    C Corporation · CONSULTING · IN

    Directly controlled by NA

  • TRULEN INSURANCE SPC LIMITED

    LIAB INSURANCE · CJ

    Directly controlled by UCHHD

  • EMPLOYED PHYSICIANS SP A SEGREGATED PORTFOLIO OF TRULEN INSURANCE SPC LTD

    LIAB INSURANCE · CJ

    Directly controlled by UCHHD

  • HPL-GL SP A SEGREGATED PORTFOLIO OF TRULEN INSURANCE SPC LTD

    LIAB INSURANCE · CJ

    Directly controlled by UCHHD

  • NON-EMPLOYED PHYSICIANS SP A SEGREGATED PORTFOLIO OF TRULEN INSURANCE SPC L TD

    LIAB INSURANCE · CJ

    Directly controlled by UCHHD

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202431359349302953

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