← UMASS CHAN MEDICAL SCHOOL FOUNDATION INC

Form 990 for tax year 2023

Filed by UMASS CHAN MEDICAL SCHOOL FOUNDATION INC.

Totals

Total revenue: $0
Total expenses: $646,234
Contributions and grants received: $0
Grants paid: $0
Program service revenue: $0
Investment income: $0
Other revenue: $0
Total assets, end of year: $8,326,195
Total liabilities, end of year: $8,326,195
Net assets or fund balances, end of year: $0
Program services expenses (Part IX): $0
Management and general expenses: $646,234
Fundraising expenses: $0
Program service expenses (Part III): $0

Program services were 0.0% 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.

1a · Federated campaigns

$0
1b · Membership dues

$0
1c · Fundraising events

$0
1d · Related organizations

$0
1e · Government grants (contributions)

$0
1f · All other contributions, gifts and grants

$0
1g · Noncash contributions included above

$0
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $0 · related or exempt $0
4 · Income from investment of tax-exempt bond proceeds

total $0 · related or exempt $0
5 · Royalties

total $0 · related or exempt $0
6a · Gross rents

real property $0 · personal property $0
6b · Less rental expenses

real property $0 · personal property $0
6c · Rental income or loss

real property $0 · personal property $0
6d · Net rental income or loss

total $0 · related or exempt $0
7a · Gross sales of assets other than inventory

securities $0 · other assets $0
7b · Less cost or other basis and sales expenses

securities $0 · other assets $0
7c · Gain or loss

securities $0 · other assets $0
7d · Net gain or loss

total $0 · related or exempt $0
8a · Fundraising events: gross income

$0
8a · Fundraising events: contributions included on line 1c

$0
8b · Fundraising events: direct expenses

$0
8c · Net income from fundraising events

total $0 · unrelated business $0 · excluded $0
9a · Gaming: gross income

$0
9b · Gaming: direct expenses

$0
9c · Net income from gaming

total $0 · related or exempt $0
10a · Gross sales of inventory

$0
10b · Cost of goods sold

$0
10c · Net income from sales of inventory

total $0 · related or exempt $0
11d · All other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11e · Other revenue, total

$0

Functional expenses

Part IX, the statement of functional expenses.

4 · Benefits paid to or for members

total $0 · program services $0
11g · Fees: other

total $0 · program services $0 · management and general $0 · fundraising $0
24a · Other expenses: ADMINISTRATIVE EXPENSES

total $646,234 · management and general $646,234
24e · All other expenses

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

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $0 · 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 $7,846,682 · end of year $7,797,100
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 $0 · 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 $0 · end of year $0
12 · Investments: other securities

beginning of year $0
13 · Investments: program-related

beginning of year $0
14 · Intangible assets

beginning of year $0 · end of year $0
15 · Other assets

beginning of year $671,646 · end of year $529,095
17 · Accounts payable and accrued expenses

beginning of year $0 · end of year $0
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 $8,518,328 · end of year $8,326,195
27 · Net assets without donor restrictions

beginning of year $0 · end of year $0
28 · Net assets with donor restrictions

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 · 2023

Mission

SEE SCHEDULE O.

Activities or mission (Part I)

SEE SCHEDULE O

SEE SCHEDULE O.

As filed on the 2023 return.

Listed in Part VII

John R Hayes JrJOHN R HAYES JR

TREASURER & CLERK

Total calculated

$475,537

From this org

$0

From related orgs

$386,268

Other

$89,269

Hours/week

1 + 39 related

Schedule J breakdown matched by us

Base

$0 + $380,181 related

Bonus

$0

Other

$0 + $6,087 related

Deferred

$0 + $66,000 related

Nontaxable benefits

$0 + $23,269 related

Filer's total

$0 + $475,537 related
Michael F Collins MDMICHAEL F COLLINS MD

PRES./CHIEF EXEC. OFFICER

Total calculated

$1,658,512

From this org

$0

From related orgs

$1,562,618

Other

$95,894

Hours/week

0.1 + 39.9 related

Schedule J breakdown matched by us

Base

$0 + $916,226 related

Bonus

$0 + $480,050 related

Other

$0 + $166,342 related

Deferred

$0 + $66,000 related

Nontaxable benefits

$0 + $29,894 related

Filer's total

$0 + $1,658,512 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

The filer's explanations (Part III)

Schedule J, Part I, Line 3 METHOD USED TO ESTABLISH COMPENSATION OF CEO/EXECUTIVE DIRECTOR: THE UMASS CHAN MEDICAL SCHOOL FOUNDATION, INC. HAS NO EMPLOYEES AND PAYS NO COMPENSATION. THE INDIVIDUALS LISTED ON SCHEDULE J, PART II RECEIVED COMPENSATION AND BENEFITS FROM THE UNIVERSITY OF MASSACHUSETTS, A RELATED ORGANIZATION.

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.

UNIVERSITY OF MASSACHUSETTS (DBA UMASS CHAN MEDICAL SCHOOL)

EDUCATION · MA

Directly controlled by COM OF MA

Provenance

Return type: form_990
Tax year: 2023
Filed: 12 May 2025
IRS schema version: 2023v6.0
Source object: 202541329349303464

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