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← UCMC TITLE HOLDING CORPORATION II NFP

Form 990 for tax year 2022

Filed by UCMC TITLE HOLDING CORPORATION II NFP.

Totals

Total revenue
$1,174,562
Total expenses
$466,022
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,174,562
Investment income
$0
Other revenue
$0
Total assets, end of year
$29,956,523
Total liabilities, end of year
$26,912,092
Net assets or fund balances, end of year
$3,044,431
Program services expenses (Part IX)
$466,022
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$466,022

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ANN MCCOLGAN

    TREASURER (THRU 5/1/23)

    Total calculated
    $541,441
    From this org
    $0
    From related orgs
    $453,543
    Other
    $87,898
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $275,729 related
    Bonus
    $0 + $68,220 related
    Other
    $0 + $109,594 related
    Deferred
    $0 + $49,787 related
    Nontaxable benefits
    $0 + $38,111 related
    Filer's total
    $0 + $541,441 related

  • GARY GASBARRA

    DIRECTOR (THRU 12/6/22)

    Total calculated
    $666,986
    From this org
    $0
    From related orgs
    $581,143
    Other
    $85,843
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $349,412 related
    Bonus
    $0 + $89,978 related
    Other
    $0 + $141,753 related
    Deferred
    $0 + $62,431 related
    Nontaxable benefits
    $0 + $23,412 related
    Filer's total
    $0 + $666,986 related

  • IVAN SAMSTEIN

    CHAIRMAIN AND DIRECTOR

    Total calculated
    $1,404,762
    From this org
    $0
    From related orgs
    $1,193,414
    Other
    $211,348
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $873,834 related
    Bonus
    $0 + $287,750 related
    Other
    $0 + $31,830 related
    Deferred
    $0 + $176,154 related
    Nontaxable benefits
    $0 + $35,194 related
    Filer's total
    $0 + $1,404,763 related

  • JUSTIN KATS

    SECRETARY

    Total calculated
    $344,685
    From this org
    $0
    From related orgs
    $290,148
    Other
    $54,537
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $256,067 related
    Bonus
    $0 + $33,411 related
    Other
    $0 + $670 related
    Deferred
    $0 + $19,954 related
    Nontaxable benefits
    $0 + $34,582 related
    Filer's total
    $0 + $344,685 related

  • MICHELLE SALOMON

    TREASURER (EFF. 5/2/23)

    Total calculated
    $0
    Hours/week
    1 + 45 related

  • PHILLIP KAUFMAN

    DIRECTOR (EFF. 2/23/23)

    Total calculated
    $569,534
    From this org
    $0
    From related orgs
    $480,935
    Other
    $88,599
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $384,592 related
    Bonus
    $0 + $90,228 related
    Other
    $0 + $6,115 related
    Deferred
    $0 + $64,608 related
    Nontaxable benefits
    $0 + $23,990 related
    Filer's total
    $0 + $569,534 related

  • RICHARD W SILVERIA

    FORMER CHIEF FINANCIAL OFFICER, UCMC (TIL 4/22/21)

    Total calculated
    $251,969
    From this org
    $0
    From related orgs
    $251,969
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $251,969 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $251,969 related

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

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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

The filer's explanations (Part III)

Schedule J, Part I, Line 4a Severance or change-of-control payment
IN CALENDAR YEAR 2021, RICHARD SILVERIA RECEIVED SEVERANCE PAYMENTS FOLLOWING HIS TERMINATION OF EMPLOYMENT ($251,969). SOME OF THESE AMOUNTS WERE PREVIOUSLY REPORTED ON A PRIOR FORM 990 AS DEFERRED COMPENSATION AS SET FORTH IN COLUMN (F) OF PART II.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
CERTAIN INDIVIDUALS LISTED IN SCHEDULE J, PART II PARTICIPATE IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN TO WHICH A RELATED ENTITY MAKES ANNUAL CONTRIBUTIONS. THESE CONTRIBUTIONS ARE AT RISK AND DO NOT BECOME VESTED AND PAYABLE UNLESS AND UNTIL THE INDIVIDUAL SATISFIES A SUBSTANTIAL FUTURE SERVICE REQUIREMENT. THE FOLLOWING INDIVIDUALS HAD CONTRIBUTIONS MADE TO THE PLAN IN JANUARY 2023 FOR CALENDAR YEAR 2022: ANN MCCOLGAN GARY GASBARRA IVAN SAMSTEIN PHILLIP KAUFMAN THE FOLLOWING INDIVIDUALS BECAME VESTED IN, AND WERE TAXED ON, AMOUNTS PREVIOUSLY CREDITED UNDER THE PLAN TO THE INDIVIDUAL FOR SERVICES PROVIDED TO THE ORGANIZATION IN PRIOR YEARS (INCLUDED IN 2022 W-2S): ANN MCCOLGAN - $29,271 GARY GASBARRA - $44,234 GARY GASBARRA RECEIVED A DISTRIBUTION FROM A SUPPLEMENTAL RETIREMENT PLAN FOLLOWING THEIR TERMINATION OF EMPLOYMENT, IN ACCORDANCE WITH THE GOVERNING PLAN DOCUMENT ($291,636 TO GARY GASBARRA). THESE DISTRIBUTIONS WERE REPORTED AS TAXABLE INCOME AND ARE INCLUDED IN THE COMPENSATION DISCLOSED IN SCHEDULE J IN THE REPORTED YEAR.
Schedule J, Part II
TAXABLE INCOME REPORTED IN COLUMN (B) MAY INCLUDE PAYMENTS FROM THE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP). IN MOST CASES, THESE PAYMENTS WERE EARNED OVER MANY YEARS OF EMPLOYMENT AND THE AMOUNTS HAD PREVIOUSLY BEEN SUBJECT TO VESTING RULES. SERP PAYMENT AMOUNTS EARNED IN PRIOR YEARS WERE PREVIOUSLY REPORTED ON THE FORM 990 AS DEFERRED COMPENSATION AND ARE REPORTED IN THIS 2022 FORM 990 ON SCHEDULE J, PART II, COLUMN (F). THE INDEPENDENT COMPENSATION COMMITTEE OF THE BOARD CONDUCTS ITS REVIEW AND APPROVAL OF ALL EXECUTIVE COMPENSATION, INCLUDING THESE SERP AMOUNTS, IN A MANNER THAT QUALIFIES FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER FEDERAL TAX LAW. THIS IS A RIGOROUS REVIEW PROCESS DESIGNED FOR TAX-EXEMPT ORGANIZATIONS BY THE INTERNAL REVENUE SERVICE, AND IT MEANS THAT THE BOARD COMPENSATION COMMITTEE DOES NOT HAVE ANY CONFLICTS OF INTEREST, AND RELIES ON MARKET DATA COMPILED BY AN INDEPENDENT COMPENSATION CONSULTANT TO SUPPORT ALL EXECUTIVE PAY AS MARKET COMPETITIVE AND REASONABLE. FOR THE INDIVIDUALS LISTED ON SCHEDULE J, PART II THAT ARE IDENTIFIED AS FORMER OFFICERS OR KEY EMPLOYEES, THE COMPENSATION LISTED IS EITHER THE FAIR MARKET VALUE COMPENSATION PAID TO THEM FOR SERVICES THEY PERFORMED AS ACTIVE EMPLOYEES OF UCMC OR A RELATED ORGANIZATION (AND WAS NOT PAID TO THEM DUE TO THEIR FORMERLY HAVING BEEN LISTED AS OFFICERS OR KEY EMPLOYEES), OR AS COMPENSATION FOR A COMBINATION OF SERVICES AND SEVERANCE: RICHARD SILVERIA.

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.

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 May 2024
IRS schema version
2022v5.0
Source object
202441349349301629

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