Form 990 for tax year 2022
Filed by DES MOINES UNIVERSITY OSTEOPATHIC MEDICAL CENTER.
Totals
- Total revenue
- $81,589,714
- Total expenses
- $78,332,863
- Contributions and grants received
- $5,519,460
- Grants paid
- $3,001,497
- Program service revenue
- $74,585,967
- Investment income
- $1,082,338
- Other revenue
- $401,949
- Total assets, end of year
- $512,471,225
- Total liabilities, end of year
- $268,058,170
- Net assets or fund balances, end of year
- $244,413,055
- Program services expenses (Part IX)
- $53,082,244
- Management and general expenses
- $23,994,327
- Fundraising expenses
- $1,256,292
- Program service expenses (Part III)
- $53,082,244
Program services were 67.8% 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
$1,290,462
-
1e · Government grants (contributions)
$2,583,700
-
1f · All other contributions, gifts and grants
$1,645,298
-
1g · Noncash contributions included above
$157,913
-
2a · Program service revenue: TUITION & FEES
total $70,704,836 · related or exempt $70,704,836
-
2b · Program service revenue: PATIENT CARE
total $3,881,131 · related or exempt $3,881,131
-
3 · Investment income
total $4,063,000 · unrelated business $105,362 · excluded $3,957,638
-
5 · Royalties
total $279 · related or exempt $279
-
6a · Gross rents
real property $151,370
-
6b · Less rental expenses
real property $67,940
-
6c · Rental income or loss
real property $83,430
-
6d · Net rental income or loss
total $83,430 · excluded $83,430
-
7a · Gross sales of assets other than inventory
securities $359,468,446
-
7b · Less cost or other basis and sales expenses
securities $362,440,007 · other assets $9,101
-
7c · Gain or loss
securities -$2,971,561 · other assets -$9,101
-
7d · Net gain or loss
total -$2,980,662 · excluded -$2,980,662
-
8a · Fundraising events: gross income
$11,550
-
8a · Fundraising events: contributions included on line 1c
$1,290,462
-
8b · Fundraising events: direct expenses
$42,729
-
8c · Net income from fundraising events
total -$31,179 · excluded -$31,179
-
11a · Other revenue: CONFERENCE INCOME
total $141,704 · related or exempt $141,704
-
11b · Other revenue: LEASE EMPLOYEES
total $140,833 · related or exempt $140,833
-
11c · Other revenue: INSURANCE PROCEEDS
total $13,730 · related or exempt $13,730
-
11d · All other revenue
total $53,152 · related or exempt $53,152
-
11e · Other revenue, total
$349,419
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $3,001,497 · program services $3,001,497
-
5 · Compensation of officers, directors and key employees
total $2,704,565 · program services $957,339 · management and general $1,747,226
-
7 · Other salaries and wages
total $31,612,083 · program services $25,111,910 · management and general $5,700,858 · fundraising $799,315
-
8 · Pension plan contributions
total $2,521,961 · program services $1,973,738 · management and general $480,046 · fundraising $68,177
-
9 · Other employee benefits
total $3,319,774 · program services $2,550,926 · management and general $694,086 · fundraising $74,762
-
10 · Payroll taxes
total $2,290,431 · program services $1,770,237 · management and general $467,431 · fundraising $52,763
-
11b · Fees: legal
total $93,226 · management and general $93,226
-
11c · Fees: accounting
total $112,180 · management and general $112,180
-
11d · Fees: lobbying
total $25,500 · program services $25,500
-
11f · Fees: investment management
total $506,690 · management and general $506,690
-
11g · Fees: other
total $5,524,708 · program services $4,417,658 · management and general $1,107,050
-
12 · Advertising and promotion
total $330,360 · management and general $330,360
-
13 · Office expenses
total $1,241,410 · program services $869,372 · management and general $361,450 · fundraising $10,588
-
14 · Information technology
total $3,706,215 · program services $484,797 · management and general $3,207,704 · fundraising $13,714
-
16 · Occupancy
total $2,263,818 · program services $1,967,296 · management and general $296,522
-
17 · Travel
total $394,728 · program services $273,142 · management and general $60,642 · fundraising $60,944
-
19 · Conferences, conventions and meetings
total $143,381 · program services $44,157 · fundraising $99,224
-
20 · Interest
total $1,958,304 · program services $1,297,154 · management and general $661,150
-
22 · Depreciation, depletion and amortization
total $3,886,689 · program services $3,039,538 · management and general $847,151
-
23 · Insurance
total $604,218 · program services $96,289 · management and general $507,929
-
24a · Other expenses: EQUIP/SOFTWARE (NON-CAP
total $6,462,664 · program services $197,904 · management and general $6,264,760
-
24b · Other expenses: AFFIL. CLINICAL PROGRAM
total $2,124,470 · program services $2,124,470
-
24c · Other expenses: LIBRARY BOOKS/SUBSCRIPT
total $1,388,278 · program services $1,388,278
-
24d · Other expenses: UNRELATED BUS INC TAX
total $14,452 · management and general $14,452
-
24e · All other expenses
total $2,101,261 · program services $1,491,042 · management and general $533,414 · fundraising $76,805
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,600 · end of year $1,600
-
2 · Savings and temporary cash investments
beginning of year $45,941,176 · end of year $20,997,804
-
3 · Pledges and grants receivable
beginning of year $1,350,735 · end of year $2,961,004
-
4 · Accounts receivable
beginning of year $1,163,670 · end of year $2,368,806
-
7 · Other notes and loans receivable
beginning of year $4,583,289 · end of year $4,407,049
-
9 · Prepaid expenses and deferred charges
beginning of year $2,916,922 · end of year $3,180,524
-
10a · Land, buildings and equipment: cost or other basis
$368,706,192
-
10b · Land, buildings and equipment: accumulated depreciation
$65,455,453
-
10c · Land, buildings and equipment, net
beginning of year $214,030,993 · end of year $303,250,739
-
11 · Investments: publicly traded securities
beginning of year $138,646,461 · end of year $127,117,890
-
12 · Investments: other securities
beginning of year $37,021,425 · end of year $41,196,573
-
15 · Other assets
beginning of year $6,552,805 · end of year $6,989,236
-
17 · Accounts payable and accrued expenses
beginning of year $25,762,430 · end of year $23,179,411
-
18 · Grants payable
beginning of year $4,930,220 · end of year $4,885,664
-
19 · Deferred revenue
beginning of year $4,692,942 · end of year $4,929,672
-
20 · Tax-exempt bond liabilities
beginning of year $185,673,533 · end of year $233,139,491
-
21 · Escrow or custodial account liability
beginning of year $323,980 · end of year $273,060
-
25 · Other liabilities
beginning of year $2,420,430 · end of year $1,650,872
-
27 · Net assets without donor restrictions
beginning of year $207,389,047 · end of year $223,082,044
-
28 · Net assets with donor restrictions
beginning of year $21,016,494 · end of year $21,331,011
Mission and programs · 2022
Mission
TO IMPROVE LIVES IN OUR GLOBAL COMMUNITY BY EDUCATING DIVERSE GROUPS OF HIGHLY COMPETENT AND COMPASSIONATE HEALTH PROFESSIONALS.
-
THE UNIVERSITY PROVIDED HEALTH SCIENCE EDUCATION SERVICES TO AN ENROLLMENT OF 1,527 STUDENTS DURING THE FISCAL YEAR ENDED 6/30/23. THE UNIVERSITY COMPRISES THREE COLLEGES OFFERING NINE GRADUATE DEGREE PROGRAMS AND ADDITIONAL EDUCATION OPPORTUNITIES WHICH ALL SHARE A COLLECTIVE STRENGTH, WHICH IS A COLLABORATIVE CAMPUS COMMUNITY WHERE STUDENTS AND FACULTY COME TOGETHER IN THE PURSUIT OF KNOWLEDGE. THE PROGRAMS SHARE A SINGULAR MISSION, WHICH IS TO DEVELOP DISTINCTIVE HEALTH PROFESSIONALS COMMITTED TO HEALTH PROMOTION, THE DISCOVERY OF KNOWLEDGE AND SERVICE TO THE COMMUNITY. THE UNIVERSITY PROVIDES STUDENTS WITH THE KNOWLEDGE AND SKILLS NEEDED TO BECOME HEALTH CARE PROFESSIONALS DEDICATED TO MAINTAINING AND RESTORING THE HEALTH OF THEIR PATIENTS. CLASSROOM INSTRUCTION AND CLINICAL TRAINING, WHICH IS ORGANIZED ON A NATIONAL LEVEL AND AT THE UNIVERSITY'S CLINIC, ARE PRESENTED IN AN ATMOSPHERE WHERE HUMANITARIAN CONCERNS, SCHOLARLY ACTIVITY AND HEALTH CARE DELIVERY SUPPORT THE PRIMARY PURPOSE OF TEACHING AND LEARNING.
Expenses $45,296,864 · Grants $3,001,497 · Revenue $71,054,534
-
THE UNIVERSITY HOUSES A MULTI-SPECIALTY MEDICAL CLINIC PROVIDING BOTH CLINICAL TRAINING FOR STUDENTS AND HIGH QUALITY, COST EFFICIENT PATIENT CARE. THE MULTI-SPECIALTY FACULTY GROUP CONSISTING OF 29 PHYSICIANS AND NON-PHYSICIAN PROFESSIONAL PROVIDERS PERFORMED SERVICES FOR OVER 34,000 PATIENT VISITS ACROSS 6 SPECIALTIES AND 2 LOCATIONS. CLINIC STAFF AND PROVIDERS WORK AT COMMUNITY WELLNESS PROGRAMS AND HEALTH FAIRS SUCH AS PROVIDING SCHOOL PHYSICALS AND VACCINATIONS FREE OF CHARGE TO UNDERSERVED POPULATIONS. THE UNIVERSITY'S CLINIC SERVES THE GROWING IMMIGRANT AND REFUGEE POPULATION. IN THE LAST FISCAL YEAR THE UNIVERSITY'S CLINIC PROVIDED NEARLY 1,100 PATIENT APPOINTMENTS FOR PATIENTS REQUIRING AN INTERPRETER, INCLUDING 775 REFUGEE PHYSICALS AND FOLLOW UP APPOINTMENTS. THE UNIVERSITY'S CLINIC PROVIDED OVER $10,000 IN FREE OR DISCOUNTED HEALTH CARE TO ELIGIBLE PATIENTS THROUGH ITS FINANCIAL ASSISTANCE POLICY AND SELF-PAY DISCOUNTS, PROVIDES RENT-FREE SPACE TO THE SENIOR HEALTH INSURANCE PROGRAM (SHIP) THROUGH WHICH 245 SENIORS WERE SERVED, AND ALSO SERVES MEDICARE AND MEDICAID PATIENTS TO BENEFIT THE COMMUNITY IT SERVES. THE UNIVERSITY ACTS AS A LOCAL, STATE AND NATIONAL SOURCE FOR PRIMARY CARE PHYSICIANS AND ASSOCIATED HEALTH CARE PROVIDERS.
Expenses $7,785,380 · Revenue $3,881,131
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
David L Kapaska DoDAVID L KAPASKA DO
CHAIR
- Total calculated
- $0
- Hours/week
- 1.5
-
Sally K Mason PhDSALLY K MASON PHD
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1.5
-
Mary A Radia DoMARY A RADIA DO
SECRETARY
- Total calculated
- $0
- Hours/week
- 1.5
-
Mark C Menadue Do JDMARK C MENADUE DO JD
TREASURER
- Total calculated
- $0
- Hours/week
- 1.5
-
Larry J Baker DoLARRY J BAKER DO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Eric Barp DpmERIC BARP DPM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Barry Braver DoBARRY BRAVER DO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Hijinio Carreon DoHIJINIO CARREON DO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Jay ChristensenJAY CHRISTENSEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Anthony ColemanANTHONY COLEMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Marcia L HammersMARCIA L HAMMERS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
C Renee HardmanC RENEE HARDMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
W Hal Hatchett DpmW HAL HATCHETT DPM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Michael J HelakMICHAEL J HELAK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Victoria L Herring JDVICTORIA L HERRING JD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Laura J JacksonLAURA J JACKSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Karl F KeelerKARL F KEELER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Wayne H McKinney Jr JDWAYNE H MCKINNEY JR JD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
S Ahmed MerchantS AHMED MERCHANT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Nicki Nigro DpmNICKI NIGRO DPM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Stephen Richards DoSTEPHEN RICHARDS DO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Stanley E Skopit DoSTANLEY E SKOPIT DO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
David StarkDAVID STARK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Bernard Swift DoBERNARD SWIFT DO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Michael C Witte DoMICHAEL C WITTE DO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5
-
Angela L Walker Franklin PhDANGELA L WALKER FRANKLIN PHD
PRESIDENT, CEO
- Total calculated
- $988,795
- From this org
- $850,006
- From related orgs
- $0
- Other
- $138,789
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $822,929
- Bonus
- $75
- Other
- $27,002
- Deferred
- $115,500
- Nontaxable benefits
- $23,289
- Filer's total
- $988,795
-
Mark J PeifferMARK J PEIFFER
SENIOR VP AND CFO
- Total calculated
- $394,148
- From this org
- $372,235
- From related orgs
- $0
- Other
- $21,913
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $370,381
- Bonus
- $200
- Other
- $1,654
- Deferred
- $20,500
- Nontaxable benefits
- $1,413
- Filer's total
- $394,148
-
Kimberly Brown PhDKIMBERLY BROWN PHD
VICE PRESIDENT, CAO
- Total calculated
- $294,364
- From this org
- $254,174
- From related orgs
- $0
- Other
- $40,190
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $232,886
- Bonus
- $210
- Other
- $21,078
- Deferred
- $20,500
- Nontaxable benefits
- $19,690
- Filer's total
- $294,364
-
Steven Halm DoSTEVEN HALM DO
DEAN
- Total calculated
- $429,128
- From this org
- $392,734
- From related orgs
- $0
- Other
- $36,394
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $390,951
- Bonus
- $5
- Other
- $1,778
- Deferred
- $20,500
- Nontaxable benefits
- $15,894
- Filer's total
- $429,128
-
Wallace Boeve EdDWALLACE BOEVE EDD
DEAN
- Total calculated
- $265,565
- From this org
- $220,439
- From related orgs
- $0
- Other
- $45,126
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $218,432
- Bonus
- $15
- Other
- $1,992
- Deferred
- $20,500
- Nontaxable benefits
- $24,626
- Filer's total
- $265,565
-
Kevin Smith Dpm PhDKEVIN SMITH DPM PHD
DEAN
- Total calculated
- $252,654
- From this org
- $222,451
- From related orgs
- $0
- Other
- $30,203
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $221,955
- Bonus
- $5
- Other
- $491
- Deferred
- $7,600
- Nontaxable benefits
- $22,603
- Filer's total
- $252,654
-
Jose Figueroa Casanova DoJOSE FIGUEROA CASANOVA DO
FACULTY
- Total calculated
- $320,092
- From this org
- $284,940
- From related orgs
- $0
- Other
- $35,152
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $283,675
- Bonus
- $60
- Other
- $1,205
- Deferred
- $20,500
- Nontaxable benefits
- $14,652
- Filer's total
- $320,092
-
Sarah Parrott DoSARAH PARROTT DO
FACULTY
- Total calculated
- $318,197
- From this org
- $280,477
- From related orgs
- $0
- Other
- $37,720
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $279,775
- Bonus
- $50
- Other
- $652
- Deferred
- $13,666
- Nontaxable benefits
- $24,054
- Filer's total
- $318,197
-
Adrian Woolley DoADRIAN WOOLLEY DO
FACULTY
- Total calculated
- $317,161
- From this org
- $280,079
- From related orgs
- $0
- Other
- $37,082
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $258,736
- Bonus
- $5
- Other
- $21,338
- Deferred
- $20,500
- Nontaxable benefits
- $16,582
- Filer's total
- $317,161
-
Adam Bertroche DoADAM BERTROCHE DO
FACULTY (UNTIL 01/23)
- Total calculated
- $314,217
- From this org
- $272,990
- From related orgs
- $0
- Other
- $41,227
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $272,761
- Bonus
- $5
- Other
- $224
- Deferred
- $20,496
- Nontaxable benefits
- $20,731
- Filer's total
- $314,217
-
Paul A Schenarts MDPAUL A SCHENARTS MD
ASSOCIATE DEAN
- Total calculated
- $266,578
- From this org
- $265,766
- From related orgs
- $0
- Other
- $812
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $264,657
- Bonus
- $0
- Other
- $1,109
- Deferred
- $0
- Nontaxable benefits
- $812
- Filer's total
- $266,578
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
- 1a · Travel for companions
- 1a · Health or social club dues or initiation fees
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
Answered no
- 1b · Written policy on the line-1a expenses
- 4a · Severance or change-of-control payment
- 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
The filer's explanations (Part III)
- PART I, LINE 1A
- THE ORGANIZATION PAYS DUES TO THE EMBASSY CLUB WHICH PROVIDES ACCESS FOR THE PRESIDENT TO CONDUCT BUSINESS IN A SOCIAL SETTING ON BEHALF OF THE ORGANIZATION WITH PROSPECTS, DONORS, AND OTHER INDIVIDUALS. THE ORGANIZATION ALSO PAYS TRAVEL EXPENSES FOR THE PRESIDENT'S SPOUSE FOR TRAVEL TO CERTAIN UNIVERSITY EVENTS AND IS REFLECTED APPROPRIATELY ON THE PRESIDENT'S W-2.
- PART I, LINE 1B
- THE ORGANIZATION'S PAYMENT OF SOCIAL CLUB DUES AND SPOUSAL TRAVEL FOR THE PRESIDENT ARE INCLUDED IN THE PRESIDENT'S EMPLOYMENT CONTRACT WHICH WAS APPROVED BY THE BOARD OF TRUSTEES. MONTHLY INVOICES ARE REVIEWED BY THE SENIOR VP AND CFO FOR BUSINESS PURPOSES. ANY PERSONAL ITEM IS REQUIRED TO BE PAID TO THE CLUB ON THE DATE OF THE TRANSACTION. PRESIDENT TRAVEL EXPENSES INCLUDING SPOUSAL TRAVEL IS ALSO REVIEWED BY THE SENIOR VP AND CFO.
- PART I, LINE 3
- THE UNIVERSITY CONTRACTS WITH AN INDEPENDENT COMPENSATION CONSULTANT TO COMPLETE A COMPREHENSIVE ANALYSIS OF THE TOTAL COMPENSATION FOR THE PRESIDENT & CEO. THE ANALYSIS IS COMPLETED EVERY THREE YEARS AND WAS LAST COMPLETED IN 2022 DETERMINING FISCAL YEAR 2023 COMPENSATION. MARKET DATA INCLUDES THE MOST CURRENT INFORMATION AVAILABLE FROM IRS 990 FORMS, COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION DATA, AND INDUSTRY ASSOCIATIONS ALL BASED UPON COMPARISONS TO PEER INSTITUTIONS. THE EXTERNAL EVALUATIONS ARE COMPLETED TO ENSURE ALIGNMENT WITH UNIVERSITY PRESIDENTS MARKET COMPENSATION.
- PART I, LINE 4B
- THE ORGANIZATION MAINTAINS A NON-QUALIFIED DEFERRED COMPENSATION PLAN UNDER SECTION 457(F) OF THE INTERNAL REVENUE CODE. THE PLAN PROVIDES FOR THE ORGANIZATION TO MAKE DISCRETIONARY CONTRIBUTIONS FOR ELIGIBLE EMPLOYEES. DISCRETIONARY CONTRIBUTIONS DURING THE YEAR TOTALED $95,000 FOR ANGELA L WALKER FRANKLIN, PRESIDENT & CEO.
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323189349314817
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