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Nonprofiteer
← UMC FOUNDATION

Form 990 for tax year 2024

Filed by UMC FOUNDATION.

Totals

Total revenue
$6,968,969
Total expenses
$5,377,048
Contributions and grants received
$5,561,005
Grants paid
$3,818,224
Program service revenue
$0
Investment income
$1,407,964
Other revenue
$0
Total assets, end of year
$55,366,779
Total liabilities, end of year
$7,384,869
Net assets or fund balances, end of year
$47,981,910
Program services expenses (Part IX)
$3,992,161
Management and general expenses
$231,387
Fundraising expenses
$1,153,500
Program service expenses (Part III)
$3,992,161

Program services were 74.2% 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.

  • 1f · All other contributions, gifts and grants

    $5,561,005

  • 1g · Noncash contributions included above

    $63,688

  • 3 · Investment income

    total $1,407,964 · excluded $1,407,964

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,521,049 · program services $3,521,049

  • 2 · Grants to domestic individuals

    total $297,175 · program services $297,175

  • 11f · Fees: investment management

    total $49,297 · management and general $49,297

  • 11g · Fees: other

    total $369,572 · program services $166,998 · management and general $10,533 · fundraising $192,041

  • 12 · Advertising and promotion

    total $961,459 · fundraising $961,459

  • 16 · Occupancy

    total $6,939 · program services $6,939

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $171,557 · management and general $171,557

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $22,355,151 · end of year $28,263,078

  • 3 · Pledges and grants receivable

    beginning of year $13,405,875 · end of year $10,237,955

  • 9 · Prepaid expenses and deferred charges

    beginning of year $30,081 · end of year $133,674

  • 11 · Investments: publicly traded securities

    beginning of year $13,432,959 · end of year $14,900,959

  • 12 · Investments: other securities

    beginning of year $1,503,613 · end of year $1,525,780

  • 15 · Other assets

    beginning of year $257,707 · end of year $305,333

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,263,552 · end of year $7,384,869

  • 27 · Net assets without donor restrictions

    beginning of year $4,177,774 · end of year $3,488,182

  • 28 · Net assets with donor restrictions

    beginning of year $41,544,060 · end of year $44,493,728

Mission and programs · 2024

Mission

TO ASSIST IN THE OPERATION OF LUBBOCK COUNTY HOSPITAL DISTRICT DBA UNIVERSITY MEDICAL CENTER

  • THE UMC FOUNDATION WAS FORMED AND IS OPERATED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES TO ASSIST IN THE ESTABLISHMENT, OPERATION AND CONTINUATION OF THE UNIVERSITY MEDICAL CENTER HEALTH SYSTEM.

    Expenses $3,992,161 · Grants $3,818,224

As filed on the 2024 return.

Listed in Part VII

  • Britt Pharris

    VP & CPO

    Total calculated
    $282,155
    From this org
    $0
    From related orgs
    $282,155
    Other
    $0
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    not reported + $237,155 related
    Bonus
    not reported + $45,000 related
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $282,155 related

  • Kandy Adams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Jeff Dane

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Jennifer Dever

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Ronald Cook Do

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Kyle Fannin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Mark Funderburk

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Kendall Howard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Betsy Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Dave Marcinkowski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Gurdev Gill MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Michael McPherson MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Amanda Mead

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Stacey Morris-Potter

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Cory Newsom

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Eric Pittman

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Ross Rushing

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Mark Thompson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Noe Valles

    CHAIR ELECT

    Total calculated
    $0
    Hours/week
    5

  • Laura Vinson

    BOM CHAIR

    Total calculated
    $0
    Hours/week
    5

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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.0
Source object
202523179349307932

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