Totals
- Total revenue
- $4,815,117
- Total expenses
- $4,393,627
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $4,709,637
- Investment income
- $72,869
- Other revenue
- $32,611
- Total assets, end of year
- $19,839,177
- Total liabilities, end of year
- $311,617
- Net assets or fund balances, end of year
- $19,527,560
- Program services expenses (Part IX)
- $4,109,290
- Management and general expenses
- $284,337
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $4,109,290
Program services were 93.5% 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.
-
2a · Program service revenue: RENTAL INCOME
total $4,150,151 · unrelated business $0 · excluded $0
-
2b · Program service revenue: GARAGE INCOME
total $559,486 · unrelated business $0 · excluded $0
-
3 · Investment income
total $72,869 · unrelated business $0 · excluded $0
-
11a · Other revenue: MISCELLANEOUS
total $32,611 · related or exempt $32,611 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$32,611
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $98,472 · program services $0 · management and general $98,472 · fundraising $0
-
11c · Fees: accounting
total $31,795 · program services $0 · management and general $31,795 · fundraising $0
-
13 · Office expenses
total $3,944 · program services $0 · management and general $3,944 · fundraising $0
-
16 · Occupancy
total $759,018 · program services $759,018 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $1,135,410 · program services $1,135,410 · management and general $0 · fundraising $0
-
23 · Insurance
total $121,828 · program services $0 · management and general $121,828 · fundraising $0
-
24e · All other expenses
total $2,243,160 · program services $2,214,862 · management and general $28,298 · fundraising $0
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $673,350 · end of year $1,397,007
-
4 · Accounts receivable
beginning of year $594,453 · end of year $549,954
-
9 · Prepaid expenses and deferred charges
beginning of year $41,843 · end of year $40,689
-
10a · Land, buildings and equipment: cost or other basis
$61,047,164
-
10b · Land, buildings and equipment: accumulated depreciation
$43,195,637
-
10c · Land, buildings and equipment, net
beginning of year $18,136,623 · end of year $17,851,527
-
17 · Accounts payable and accrued expenses
beginning of year $340,199 · end of year $311,617
-
31 · Retained earnings, endowment or other funds
beginning of year $19,106,070 · end of year $19,527,560
Mission and programs · 2023
Mission
THE CORPORATION IS OPERATED TO SUPPORT THE FUNCTIONS OF UNIVERSITY HOSPITALS CLEVELAND MEDICAL CENTER AND THE CLEVELAND CLINIC FOUNDATION WHICH ARE BOTH TAX EXEMPT ENTITIES UNDER SECTION 501(C)(3) OF THE IRS CODE.
-
THE CORPORATION HOLDS TITLE TO AND OPERATES THE W.O. WALKER CENTER, A BUILDING IN WHICH ITS MEMBER ORGANIZATIONS PROVIDE REHABILITATION SERVICES IN PERFORMANCE OF THE MEMBERS EXEMPT FUNCTIONS (i.e., THE PROMOTION OF HEALTH).
Expenses $4,109,290 · Revenue $4,815,117
As filed on the 2023 return.
Listed in Part VII
-
William PeacockWILLIAM PEACOCK
TRUSTEE/PRESIDENT
- Total calculated
- $2,200,858
- From this org
- $0
- From related orgs
- $2,148,691
- Other
- $52,167
- Hours/week
- 2
Schedule J breakdown matched by us
- Base
- $0 + $1,855,324 related
- Bonus
- $0
- Other
- $0 + $293,367 related
- Deferred
- $0 + $35,148 related
- Nontaxable benefits
- $0 + $17,019 related
- Filer's total
- $0 + $2,200,858 related
-
Sarah E HopkinsSARAH E HOPKINS
TRUSTEE
- Total calculated
- $179,560
- From this org
- $0
- From related orgs
- $174,004
- Other
- $5,556
- Hours/week
- 2
Schedule J breakdown matched by us
- Base
- $0 + $173,488 related
- Bonus
- $0
- Other
- $0 + $516 related
- Deferred
- $0 + $5,426 related
- Nontaxable benefits
- $0 + $131 related
- Filer's total
- $0 + $179,561 related
-
Jeanne Lackamp MD Dfapa FaclpJEANNE LACKAMP MD DFAPA FACLP
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
J Pat Rios PE CemJ PAT RIOS PE CEM
TRUSTEE
- Total calculated
- $549,617
- From this org
- $0
- From related orgs
- $515,117
- Other
- $34,500
- Hours/week
- 2
Schedule J breakdown matched by us
- Base
- $0 + $472,031 related
- Bonus
- $0
- Other
- $0 + $43,086 related
- Deferred
- $0 + $33,000 related
- Nontaxable benefits
- $0 + $1,500 related
- Filer's total
- $0 + $549,617 related
-
Heather SummersHEATHER SUMMERS
SECRETARY/TRUSTEE
- Total calculated
- $278,998
- From this org
- $0
- From related orgs
- $257,432
- Other
- $21,566
- Hours/week
- 2
Schedule J breakdown matched by us
- Base
- $0 + $254,855 related
- Bonus
- $0
- Other
- $0 + $2,577 related
- Deferred
- $0 + $7,706 related
- Nontaxable benefits
- $0 + $13,860 related
- Filer's total
- $0 + $278,998 related
-
Michelle GallucciMICHELLE GALLUCCI
TREASURER/TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
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
- 4b · Supplemental nonqualified retirement plan
Answered no
- 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)
- Other
- THE INDIVIDUALS LISTED ON SCHEDULE J ARE COMPENSATED BY THEIR RESPECTIVE RELATED ORGANIZATIONS NOT BY W.O. WALKER CENTER. THE RESPONSES PROVIDED IN SCHEDULE J, PART 1 ARE BASED ON THE COMPENSATION INFORMATION AND POLICIES OF THE RESPECTIVE RELATED ORGANIZATIONS FOR THOSE INDIVIDUALS.
- Pt I Line 4b
- THE FOLLOWING INDIVIDUALS PARTICIPATE IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN AND THE ANNUAL INCREASE OR DECREASE IN THE ACTUARIAL VALUE IS INCLUDED IN SCHEDULE J,COLUMN C, RETIREMENT AND OTHER DEFERRED COMPENSATION:
- Pt I Line 4b
- WILLIAM PEACOCK $2,148.00 INCREASE AND SARAH E. HOPKINS-$217.00 INCREASE.
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.
-
UNIVERSITY HOSPITALS CLEVELAND MEDICAL CENTER
501(c)(3) · HOSPITAL · OH
Directly controlled by NA
-
THE CLEVELAND CLINIC FOUNDATION
501(c)(3) · HOSPITAL · OH
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 2 May 2024
- IRS schema version
- 2023v5.1
- Source object
- 202442439349300604
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