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Nonprofiteer
← UNIVERSITY OF VIRGINIA MEDICAL SCHOOL FOUNDATION

Form 990 for tax year 2022

Filed by UNIVERSITY OF VIRGINIA MEDICAL SCHOOL FOUNDATION.

Totals

Total revenue
$9,232,071
Total expenses
$6,487,893
Contributions and grants received
$9,051,259
Grants paid
$4,389,206
Program service revenue
$125,008
Investment income
$55,804
Other revenue
$0
Total assets, end of year
$128,963,798
Total liabilities, end of year
$423,715
Net assets or fund balances, end of year
$128,540,083
Program services expenses (Part IX)
$5,221,149
Management and general expenses
$940,175
Fundraising expenses
$326,569
Program service expenses (Part III)
$5,221,149

Program services were 80.5% 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

    $9,051,259

  • 1g · Noncash contributions included above

    $392,988

  • 2a · Program service revenue: REGISTRATION FEES

    total $125,008 · related or exempt $125,008

  • 3 · Investment income

    total $56,308 · excluded $56,308

  • 7a · Gross sales of assets other than inventory

    securities $417,230

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

    securities $417,734

  • 7c · Gain or loss

    securities -$504

  • 7d · Net gain or loss

    total -$504 · excluded -$504

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,389,206 · program services $4,389,206

  • 5 · Compensation of officers, directors and key employees

    total $285,604 · program services $85,680 · management and general $99,962 · fundraising $99,962

  • 7 · Other salaries and wages

    total $639,530 · program services $325,795 · management and general $223,835 · fundraising $89,900

  • 8 · Pension plan contributions

    total $56,131 · program services $28,652 · management and general $19,646 · fundraising $7,833

  • 9 · Other employee benefits

    total $91,766 · program services $42,737 · management and general $32,118 · fundraising $16,911

  • 10 · Payroll taxes

    total $58,285 · program services $26,228 · management and general $20,400 · fundraising $11,657

  • 11c · Fees: accounting

    total $100,361 · management and general $100,361

  • 11f · Fees: investment management

    total $257,370 · management and general $257,370

  • 12 · Advertising and promotion

    total $18,986 · fundraising $18,986

  • 13 · Office expenses

    total $159,339 · program services $79,803 · management and general $55,616 · fundraising $23,920

  • 16 · Occupancy

    total $88,000 · program services $22,000 · management and general $44,000 · fundraising $22,000

  • 17 · Travel

    total $6,064 · program services $2,729 · management and general $2,122 · fundraising $1,213

  • 19 · Conferences, conventions and meetings

    total $269,913 · program services $214,784 · management and general $24,477 · fundraising $30,652

  • 20 · Interest

    total $14,140 · program services $3,535 · management and general $7,070 · fundraising $3,535

  • 22 · Depreciation, depletion and amortization

    total $35,038 · management and general $35,038

  • 23 · Insurance

    total $10,227 · management and general $10,227

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $7,933 · management and general $7,933

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,603,477 · end of year $9,500,875

  • 2 · Savings and temporary cash investments

    beginning of year $1,830,652 · end of year $2,692,809

  • 3 · Pledges and grants receivable

    beginning of year $4,024,919 · end of year $3,902,493

  • 4 · Accounts receivable

    beginning of year $10,147 · end of year $26,005

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,702 · end of year $25,377

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

    $1,830,246

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

    $1,104,126

  • 10c · Land, buildings and equipment, net

    beginning of year $753,879 · end of year $726,120

  • 12 · Investments: other securities

    beginning of year $106,396,535 · end of year $105,679,058

  • 15 · Other assets

    beginning of year $6,258,933 · end of year $6,411,061

  • 17 · Accounts payable and accrued expenses

    beginning of year $100,298 · end of year $148,614

  • 23 · Secured mortgages and notes payable

    beginning of year $290,101 · end of year $275,101

  • 27 · Net assets without donor restrictions

    beginning of year $7,320,420 · end of year $7,427,462

  • 28 · Net assets with donor restrictions

    beginning of year $116,178,425 · end of year $121,112,621

Mission and programs · 2022

Mission

THE UNIVERSITY OF VIRGINIA MEDICAL ALUMNI ASSOCIATION AND MEDICAL SCHOOL FOUNDATION IS DEDICATED TO ENHANCING THE EXPERIENCE OF STUDENTS, HOUSESTAFF, ALUMNI AND FACULTY OF THE UVA SCHOOL OF MEDICINE BY CREATING OPPORTUNITIES FOR MENTORING, NETWORKING, SCHOLARSHIP AND PHILANTHROPY.

Activities or mission (Part I)

UNIVERSITY OF VIRGINIA MEDICAL SCHOOL FOUNDATION ENCOURAGES AND FOSTERS THE INVOLVEMENT OF MEDICAL ALUMNI IN THE LIFE OF THEIR ALMA MATER AS AMBASSADORS, ADVOCATES, ADVISORS, BENEFACTORS AND EDUCATIONAL PARTNERS. THE CONSTITUENTS OF THE FOUNDATION ARE STUDENTS, GRADUATES, FELLOWS, AND CURRENT AND FORMER RESIDENTS AND FACULTY OF THE UVA SCHOOL OF MEDICINE. THE FOUNDATION ACCOMPLISHES THIS BY INFORMING AND INVOLVING MEDICAL ALUMNI AND CHAMPIONING THE ROLE OF ALUMNI RELATIONS AS A PROFESSIONAL DISCIPLINE IN PARTNERSHIP WITH AND IN SERVICE TO THE UNIVERSITY OF VIRGINIA SCHOOL OF MEDICINE.

  • GRANTS TO THE UVA MEDICAL SCHOOL TO BE USED TOWARD ENCOURAGING MEDICAL RESEARCH AND SCIENTIFIC STUDY AS WELL AS SUPPLEMENTING MEDICAL SCHOOL FACULTY SALARIES AND OTHER OPERATING EXPENSES.

    Expenses $1,842,523 · Grants $1,842,523

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $2,546,683 · Grants $2,546,683

  • ALUMNI MEETINGS AND PUBLICATIONS AND RELATED EXPENSES TO PROVIDE UPDATES TO MEDICAL SCHOOL ALUMNI REGARDING CURRENT RESEARCH AND SCIENTIFIC STUDY AT THE MEDICAL SCHOOL.

    Expenses $831,943 · Revenue $125,008

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Barry J Collins

    EXECUTIVE DIRECTOR/EX-OFFI

    Total calculated
    $274,342
    From this org
    $240,670
    From related orgs
    $0
    Other
    $33,672
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $221,633
    Bonus
    $17,000
    Other
    $2,037
    Deferred
    $21,720
    Nontaxable benefits
    $11,952
    Filer's total
    $274,342

  • Elizabeth A Carr MD

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Patrick J McManus MD

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Melissa M Wu MD

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Randolph J Canterbury MD

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • John G Jordan III

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Sean Miller

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Stanley K Gilbert Jr MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Alice Mo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Wendy S Davis MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Sarah T Corley MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Robert S Franco MD Fel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Lauren N Dabinett MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • David B Lorber MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Morris E McCrary MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • E Thomas Newbill MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Anne O Wilhite MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Melina R Kibbe MD

    EX-OFFICIO TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • James H Bowles Jr MD

    EX-OFFICIO TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Megan J Bray MD

    EX-OFFICIO TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Nora G Kern MD

    EX-OFFICIO TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • J Shelton Horsley IV

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Patrick A X Hall MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Bonnie F Offit MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

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

  • UVA MEDICAL SCHOOL

    $2,546,683

    SCHOLARSHIP FUNDING FOR MEDICAL STUDENTS

  • UVA MEDICAL SCHOOL

    $1,842,523

    ENCOURAGE MEDICAL RESEARCH AND SCIENTIFIC STUDY AS WELL AS SUPPLEMENT MEDICAL SCHOOL FACULTY SALARIES AND OTHER OPERATING EXPENSES

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 corporations and trusts

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

  • CHARITABLE REMAINDER UNITRUST (25)

    T · INVESTMENTS · VA

    Directly controlled by THE UNIVERSITY OF VIRGINIA MEDICAL SCHOOL FOUNDATION

Provenance

Return type
form_990
Tax year
2022
Filed
26 January 2024
IRS schema version
2022v5.0
Source object
202400369349300830

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