Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $164,180

• 1e · Government grants (contributions)

  $3,329

• 1f · All other contributions, gifts and grants

  $182,608

• 3 · Investment income

  total $303,954 · unrelated business $56,866 · excluded $247,088

• 6a · Gross rents

  real property $3,099,670

• 6b · Less rental expenses

  real property $2,538,637

• 6c · Rental income or loss

  real property $561,033

• 6d · Net rental income or loss

  total $561,033 · excluded $561,033

• 7a · Gross sales of assets other than inventory

  other assets $48,347

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

  other assets $14,020

• 7c · Gain or loss

  other assets $34,327

• 7d · Net gain or loss

  total $34,327 · excluded $34,327

• 8a · Fundraising events: gross income

  $154,556

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

  $164,180

• 8b · Fundraising events: direct expenses

  $100,734

• 8c · Net income from fundraising events

  total $53,822 · excluded $53,822

• 11a · Other revenue: Rebate Revenue

  total $1,195 · excluded $1,195

• 11b · Other revenue: Cash Discounts

  total $5 · excluded $5

• 11e · Other revenue, total

  $1,200

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $448,700 · program services $448,700

• 2 · Grants to domestic individuals

  total $35,750 · program services $35,750

• 3 · Grants to foreign organizations and individuals

  total $0

• 4 · Benefits paid to or for members

  total $0

• 5 · Compensation of officers, directors and key employees

  total $0

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $204,509 · management and general $204,509

• 8 · Pension plan contributions

  total $44,961 · management and general $44,961

• 9 · Other employee benefits

  total $218,915 · management and general $218,915

• 10 · Payroll taxes

  total $15,051 · management and general $15,051

• 11a · Fees: management

  total $0

• 11b · Fees: legal

  total $0

• 11c · Fees: accounting

  total $0

• 11d · Fees: lobbying

  total $0

• 11f · Fees: investment management

  total $0

• 11g · Fees: other

  total $0

• 12 · Advertising and promotion

  total $0

• 13 · Office expenses

  total $17,673 · management and general $10,223 · fundraising $7,450

• 14 · Information technology

  total $0

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $2,848 · management and general $2,848

• 17 · Travel

  total $1,446 · management and general $451 · fundraising $995

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $0

• 20 · Interest

  total $336,044 · management and general $336,044

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $552 · management and general $552

• 23 · Insurance

  total $0

• 24a · Other expenses: Taxes, Licenses Fees

  total $53,881 · management and general $53,881

• 24b · Other expenses: Association Dues

  total $3,154 · management and general $3,154

• 24c · Other expenses: Contractual Services

  total $1,376 · management and general $1,376

• 24d · Other expenses: Administrative Expenses

  total -$4,430 · management and general -$4,621 · fundraising $191

• 24e · All other expenses

  total $349 · management and general $349

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,495,427 · end of year $342,646

• 2 · Savings and temporary cash investments

  beginning of year $11,241 · end of year $10,061

• 4 · Accounts receivable

  beginning of year $627,157 · end of year $153,256

• 9 · Prepaid expenses and deferred charges

  end of year $18,018

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

  $36,488,428

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

  $14,665,422

• 10c · Land, buildings and equipment, net

  beginning of year $18,903,925 · end of year $21,823,006

• 11 · Investments: publicly traded securities

  beginning of year $274,797 · end of year $280,557

• 12 · Investments: other securities

  beginning of year $15,902,924 · end of year $15,314,512

• 17 · Accounts payable and accrued expenses

  beginning of year $391,299 · end of year $284,483

• 19 · Deferred revenue

  beginning of year $1,030 · end of year -$261

• 20 · Tax-exempt bond liabilities

  beginning of year $1,217,729 · end of year $1,081,767

• 23 · Secured mortgages and notes payable

  beginning of year $5,132,913 · end of year $4,815,873

• 25 · Other liabilities

  beginning of year $64,568 · end of year $58,691

• 27 · Net assets without donor restrictions

  beginning of year $30,512,959 · end of year $30,911,103

• 28 · Net assets with donor restrictions

  beginning of year $894,973 · end of year $790,400

The filer's explanations (Part III)

Part I Line 3

University Healthcare Foundation does not have a CEO/Executive Director. Teresa McCabe serves as ex-officio member of the board of directors of University Healthcare Foundation. Teresa is employed by West Virginia University Hospitals - East, Inc., which is a related party. University Healthcare Foundation reimburses West Virginia University Hospitals - East for a portion of Teresa McCabes salary for work she does related to University Healthcare Foundation business, none of her compensation is related to service on the University Healthcare Foundation Board of Directors.

Part I Line 3

Compensation for CEOs is determined by the WV United Health System compensation committee. The System engages an independent group to perform an executive compensation review and compensation survey every two years. This information is provided the committee, which is made up of independent board members who are then responsible for setting the compensation packages offered to each executive, ensuring that the compensation package offered does not exceed fair market value.

Part I Line 6b

Per the WVUHS Incentive Plan, incentivies are contingent on meeting a net earning target.

Related corporations and trusts

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

• Allied Health Services Inc

  C Corp · Linen Services · WV