Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $211,718

• 3 · Investment income

  total $3,671,740 · related or exempt $3,671,740

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $164,780 · program services $24,716 · management and general $90,630 · fundraising $49,434

• 7 · Other salaries and wages

  total $293,491 · program services $44,024 · management and general $161,420 · fundraising $88,047

• 13 · Office expenses

  total $3,467 · program services $3,467

• 14 · Information technology

  total $3,943 · program services $3,943

• 17 · Travel

  total $12,785 · program services $12,785

• 19 · Conferences, conventions and meetings

  total $1,003 · program services $1,003

• 24a · Other expenses: Community Benefits

  total $1,210,823 · program services $1,210,823

• 24b · Other expenses: Misc Food

  total $24,751 · program services $24,751

• 24c · Other expenses: Miscellaneous

  total $402,239 · program services $402,239

• 24d · Other expenses: Gift Shop

  total $101,962 · program services $101,962

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $1,159,249 · end of year $949,292

• 3 · Pledges and grants receivable

  beginning of year $355,000 · end of year $155,000

• 11 · Investments: publicly traded securities

  beginning of year $18,794,019 · end of year $22,000,804

• 15 · Other assets

  beginning of year $11,508 · end of year $11,508

• 17 · Accounts payable and accrued expenses

  beginning of year $2,493,195

• 27 · Net assets without donor restrictions

  beginning of year $10,785,513 · end of year $15,132,952

• 28 · Net assets with donor restrictions

  beginning of year $7,041,068 · end of year $7,983,652

The filer's explanations (Part III)

Listed persons compensation information (Part I, line 4)

ALL PERSONS PARTICIPATING IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN ARE DISCLOSED IN SCHEDULE J WITH CORRESPONDING AMOUNTS DISCLOSED WITHIN THE TOTAL AMOUNT IN SCHEDULE J COLUMN C RETIREMENT AND OTHER DEFERRED COMPENSATION. DUE TO RESTRICTIONS IMPOSED BY THE INTERNAL REVENUE CODE (CODE), CERTAIN OFFICERS AND KEY EMPLOYEES ARE LIMITED IN THE AMOUNT OF BENEFITS WHICH MAY BE RECEIVED UNDER A TAX QUALIFIED RETIREMENT PROGRAM. LIKE MANY EMPLOYERS UPMC SUPPLEMENTS ITS RETIREMENT BENEFITS THROUGH A SUPPLEMENTAL RETIREMENT PROGRAM. THE SUPPLEMENTAL RETIREMENT PROGRAM IS SUBJECT TO MULTI YEAR VESTING WHICH PLACES THE OFFICERS AND KEY EMPLOYEES RETIREMENT BENEFIT AT RISK OF FORTFEITURE IF THE VESTING REQUIREMENTS ARE NOT SATISFIED.ONCE VESTED HOWEVER, PROVISIONS OF THE CODE REQUIRE THAT THEVESTED AMOUNTS BE REPORTED ON THE FORM 990 AND THE VESTED OFFICER OR KEY EMPLOYEE INCLUDE IN CURRENT INCOME THE VALUE OF HER OR HIS SUPPLEMENTAL RETIREMENT BENEFIT. NOTWITHSTANDING THE TAX REQUIREMENT TO RECOGNIZE THE VESTED AMOUNT OF THE SUPPLEMENTAL RETIREMENT BENEFIT AS CURRENT INCOME FOR FICA TAXATION AND REPORTING PURPOSES, THIS BENEFIT, WHICH GENERALLY HAS BEEN EARNED OVER HER OR HIS ENTIRE CAREER, HAS NOT AND WILL NOT BE DISTRIBUTED UNTIL THE OFFICER OF KEY EMPLOYEE RETIRES OR SEPARATES FROM SERVICE FROM UPMC AND SATISFIED THE NON-COMPETE PROVISION OF THEIR EMPLOYMENT AGREEMENT AND/OR SATISFY A POST RETIREMENT SEPARATION AGREEMENT. THE SUPPLEMENTAL RETIREMENT PROGRAM PROVIDES FOR THE CURRENT DISTRIBUTION OF ONLY THE AMOUNT NECESSARY TO SATISFY ANY INCOME TAX LIABILITY RESULTING FROM THE VESTING DURING ACTIVE EMPLOYMENT. FINALLY, IT SHOULD BE NOTED THAT IN ACCORDANCE WITH IRS INSTRUCTIONS, A SUBSTANTIAL PORTION OF THE AMOUNTREPORTED ON THE FORM 990 ATTRIBUTABLE TO SUPPLEMENTAL RETIREMENT PROGRAM VESTING HAS BEEN REPORTED IN PREVIOUSLY FILED FORMS 990. Part I, Question 7 - UPMC PROVIDES INCENTIVE COMPENSATION AS PART OF ITS TOTAL COMPENSATION PROGRAM FOR OFFICERS AND KEY EMPOLYEES. THIS COMPONENT IS BASED UPON THE ACCOMPLISHMENT OF PREDETERMINDED PERFORMANCE GOALS AND OBJECTIVES WHICH FOCUS ON THE ACHIEVEENT OF MULTIPLE ANNUAL AND THREE YEAR INDIVIDUAL AND GROUP PERFORMANCE CRITERIA IN THE CONTEXT OF APPROPRIATE RISK TAKING. THERE CRITERIA DIRECTLY SUPPORT UPMCS MISSION AND INCLUDE: PATIENT QUALITY AND SATISFACTION, COMMUNITY BENEFITS, OPERATIONAL AND FINANCIAL STRENGTH, LEADERSHIP DEVELOPMENT, AND STRATEGIC BUSINESS INITIATIVES AMONG OTHERS.

Related partnerships

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

• Haystack Imaging

  Healthcare · MD

Related corporations and trusts

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

• Willowbrook HC Condo

  C Corp · Condo Mgmt · MD

• Haystack Consolidated

  C Corp · Med Svcs · MD

• Western Maryland Insurance Co LTD

  C Corp · Insurance · CJ