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Nonprofiteer
← UNIVERSITY HEALTHCARE FOUNDATION INC

Form 990 for tax year 2022

Filed by UNIVERSITY HEALTHCARE FOUNDATION INC.

Totals

Total revenue
$1,776,313
Total expenses
$1,067,665
Contributions and grants received
$277,356
Grants paid
$373,968
Program service revenue
$0
Investment income
$518,272
Other revenue
$980,685
Total assets, end of year
$38,215,471
Total liabilities, end of year
$6,807,539
Net assets or fund balances, end of year
$31,407,932
Program services expenses (Part IX)
$373,968
Management and general expenses
$692,569
Fundraising expenses
$1,128
Program service expenses (Part III)
$373,968

Program services were 35.0% 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.

  • 1c · Fundraising events

    $76,925

  • 1e · Government grants (contributions)

    $4,000

  • 1f · All other contributions, gifts and grants

    $196,431

  • 3 · Investment income

    total $1,060,814 · excluded $1,060,814

  • 6a · Gross rents

    real property $2,927,154

  • 6b · Less rental expenses

    real property $1,981,613

  • 6c · Rental income or loss

    real property $945,541

  • 6d · Net rental income or loss

    total $945,541 · excluded $945,541

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

    other assets $542,542

  • 7c · Gain or loss

    other assets -$542,542

  • 7d · Net gain or loss

    total -$542,542 · excluded -$542,542

  • 8a · Fundraising events: gross income

    $59,670

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

    $76,925

  • 8b · Fundraising events: direct expenses

    $24,699

  • 8c · Net income from fundraising events

    total $34,971 · excluded $34,971

  • 11a · Other revenue: Cash Discounts

    total $173 · excluded $173

  • 11e · Other revenue, total

    $173

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $350,968 · program services $350,968

  • 2 · Grants to domestic individuals

    total $23,000 · program services $23,000

  • 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 $179,143 · management and general $179,143

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $213,197 · management and general $213,197

  • 10 · Payroll taxes

    total $1,254 · management and general $1,254

  • 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 $22 · management and general $22

  • 13 · Office expenses

    total $10,288 · management and general $9,411 · fundraising $877

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $105 · management and general $105

  • 17 · Travel

    total $1,775 · management and general $1,524 · fundraising $251

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $146,203 · management and general $146,203

  • 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 $116,922 · management and general $116,922

  • 24b · Other expenses: Contractual Services

    total $16,758 · management and general $16,758

  • 24c · Other expenses: Equipment Rental

    total $3,048 · management and general $3,048

  • 24d · Other expenses: Provision for Doubtful Accounts

    total $2,796 · management and general $2,796

  • 24e · All other expenses

    total $1,634 · management and general $1,634

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,300,819 · end of year $2,495,427

  • 2 · Savings and temporary cash investments

    beginning of year $18,849 · end of year $11,241

  • 4 · Accounts receivable

    beginning of year $445,114 · end of year $627,157

  • 9 · Prepaid expenses and deferred charges

    beginning of year $30,106

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

    $33,643,457

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

    $14,739,532

  • 10c · Land, buildings and equipment, net

    beginning of year $19,493,085 · end of year $18,903,925

  • 11 · Investments: publicly traded securities

    beginning of year $269,155 · end of year $274,797

  • 12 · Investments: other securities

    beginning of year $18,442,788 · end of year $15,902,924

  • 17 · Accounts payable and accrued expenses

    beginning of year $61,773 · end of year $391,299

  • 19 · Deferred revenue

    end of year $1,030

  • 20 · Tax-exempt bond liabilities

    beginning of year $1,349,737 · end of year $1,217,729

  • 23 · Secured mortgages and notes payable

    beginning of year $5,449,953 · end of year $5,132,913

  • 25 · Other liabilities

    beginning of year $68,413 · end of year $64,568

  • 27 · Net assets without donor restrictions

    beginning of year $33,015,732 · end of year $30,512,959

  • 28 · Net assets with donor restrictions

    beginning of year $1,054,308 · end of year $894,973

Mission and programs · 2022

Mission

It is the mission of University Healthcare Foundation to assist in fundraising, special events and activities, fund management, and other activities that help to further the purpose of other related exempt organizations., namely City Hospital Inc. and Jefferson Memorial Hospital.

Activities or mission (Part I)

University Healthcare Foundation assists in fundraising, special events and activities, fund management, and other activities that help to further the purpose of other related exempt organizations.

  • University Healthcare Foundation assists in the fundraising, special events and activities, fund management, and other activities that further the exempt purposes of affiliated organizations, namely City Hospital, Inc. dba Berkeley Medical Center and Jefferson Memorial Hospital dba Jefferson Medical Center. University Healthcare Foundation also owns and manages properties that are home to doctors office and other ancillary services.

    Expenses $373,968 · Grants $373,968

As filed on the 2022 return.

Listed in Part VII

  • Teresa McCabe

    Staff - Non-voting

    Total calculated
    $296,442
    From this org
    $68,753
    From related orgs
    $206,452
    Other
    $21,237
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $49,095 + $147,423 related
    Bonus
    $11,394 + $34,214 related
    Other
    $8,264 + $24,815 related
    Deferred
    $2,116 + $6,353 related
    Nontaxable benefits
    $3,190 + $9,578 related
    Filer's total
    $74,059 + $222,383 related

  • Chris Amores

    Director

    Total calculated
    $74,635
    From this org
    $0
    From related orgs
    $43,943
    Other
    $30,692
    Hours/week
    1 + 40 related

  • C Lynch Christian IV

    Director

    Total calculated
    $0
    Hours/week
    1

  • Christian Asam

    Director

    Total calculated
    $0
    Hours/week
    1

  • Leslie Crabill

    Director, Chair

    Total calculated
    $0
    Hours/week
    1

  • Diane Dailey

    Director

    Total calculated
    $0
    Hours/week
    1

  • M Elizabeth Oates

    Director, Secretary

    Total calculated
    $0
    Hours/week
    1

  • David Langford

    Director

    Total calculated
    $0
    Hours/week
    1

  • Fred Parsons

    Director

    Total calculated
    $0
    Hours/week
    1

  • Foster Sirbaugh

    Director

    Total calculated
    $0
    Hours/week
    1

  • Richard W Klein

    Director

    Total calculated
    $0
    Hours/week
    1

  • David DeJarnett

    Director

    Total calculated
    $0
    Hours/week
    1

  • Joy Osbourn Lewis

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tom Jones

    Director

    Total calculated
    $0
    Hours/week
    1

  • M Rebecca Linton

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kenny Roberts

    Director

    Total calculated
    $0
    Hours/week
    1

  • Alice Frazier

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jim Scott

    Director

    Total calculated
    $0
    Hours/week
    1

  • Susan Snowden

    Director, Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Justin Henry

    Director, Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Brian Romine

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lisa K Younis

    Director

    Total calculated
    $0
    Hours/week
    1

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

  • 6b · Pay contingent on a related organization's net earnings

Answered no

  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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.

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.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202333189349306728

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