UNIVERSITY HEALTH CENTER INC: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- UNIVERSITY HEALTH CENTER INC (EIN 03-0229931)
- Tax period
- 2021-10-01 to 2022-09-30
- Filed
- 2023-08-14
- IRS object ID
- 202322269349300767
- Schema version
- 2021v4.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-08-14T10:18:12-05:00 | ReturnTs |
| Tax Period End | 2022-09-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 030225774 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GALLAGHER FLYNN & COMPANY LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 725 COMMUNITY DRIVE SUITE 401 | AddressLine1Txt |
| City | SOUTH BURLINGTON | CityNm |
| State Abbreviation | VT | StateAbbreviationCd |
| ZIP | 05403 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-10-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 030229931 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY HEALTH CENTER INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | UNIV | BusinessNameControlTxt |
| Phone | 8028472550 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4 SAMS LANE | AddressLine1Txt |
| City | SWANTON | CityNm |
| State Abbreviation | VT | StateAbbreviationCd |
| ZIP | 05488 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARC STANISLAS | PersonNm |
| Person Title | SECRETARY/TREASURER | PersonTitleTxt |
| Phone | 8022234188 | PhoneNum |
| Signature | 2023-08-08 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | MARC | PersonFirstNm |
| Person Last | STANISLAS | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | STEVEN M AUSTIN CPA | PreparerPersonNm |
| PTIN | P02385259 | PTIN |
| Phone | 8028631331 | PhoneNum |
| Preparation | 2023-08-07 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | MARC STANISLAS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4 SAMS LANE | AddressLine1Txt |
| City | SWANTON | CityNm |
| State Abbreviation | VT | StateAbbreviationCd |
| ZIP | 05488 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $3,055,496 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | N/A | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1972 | FormationYr |
| Legal Domicile State | VT | LegalDomicileStateCd |
| Activity Or Mission | ADMINISTRATION OF FUNDS FOR USE BY VARIOUS CLINICAL PRACTICES OF UNIVERSITY OF VERMONT MEDICAL CENTER AND SIMILAR DEPARTMENTS AT UNIVERSITY OF VERMONT COLLEGE OF MEDICINE | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $2,418,330 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,938,241 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $2,418,330 | PYTotalRevenueAmt |
| CY Total Revenue | $1,938,241 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $985,993 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,126,508 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $44,500 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $36,000 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $154,458 | PYOtherExpensesAmt |
| CY Other Expenses | $151,520 | CYOtherExpensesAmt |
| PY Total Expenses | $1,184,951 | PYTotalExpensesAmt |
| CY Total Expenses | $1,314,028 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,233,379 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $624,213 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $31,605,630 | TotalAssetsBOYAmt |
| Total Assets EOY | $32,431,322 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $334,934 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $483,615 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $31,270,696 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $31,947,707 | NetAssetsOrFundBalancesEOYAmt |
| Mission | UNIVERSITY HEALTH CENTER'S MISSION IS TO MAINTAIN FUNDS TO BE USED BY VARIOUS MEDICAL PRACTICES OF THE UNIVERSITY OF VERMONT MEDICAL CENTER AND CORRESPONDING DEPARTMENTS OF THE UNIVERSITY OF VERMONT COLLEGE OF MEDICINE. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $1,126,508 | ExpenseAmt |
| Grant | $1,126,508 | GrantAmt |
| Desc | ADMINISTRATION OF FUNDS FOR USE BY VARIOUS MEDICAL PRACTICE UNITS OF THE UNIVERSITY OF VERMONT MEDICAL CENTER AND SIMILAR DEPARTMENTS AT THE UNIVERSITY OF VERMONT COLLEGE OF MEDICINE. | Desc |
| Total Program Service Expenses | $1,126,508 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 3 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | 0 | ConflictOfInterestPolicyInd |
| Whistleblower Policy | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | 0 | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARC STANISLAS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8022534188 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4 SAMS LANE | AddressLine1Txt |
| City | SWANTON | CityNm |
| State Abbreviation | VT | StateAbbreviationCd |
| ZIP | 05488 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|
| PAUL PENAR MD | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $558,771 | $0 | |
| MARK PLANTE MD | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $573,864 | $0 | |
| ELISE EVERETT MD | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $389,349 | $0 | |
| JENNIFER GILWEE MD | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $305,397 | $0 | |
| LAUREN MACAFEE MD | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $287,586 | $0 | |
| FRIEDENIKE KEATING MD | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $389,413 | $0 | |
| DAVID LUNARDINI MD | ||||||
| TRUSTEE | 2.00 | Yes (X) | $0 | $605,515 | $0 | |
| MARC A STANISLAS | ||||||
| SECRETARY/ TREASURER | 5.00 | $36,000 | $352,212 | $0 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $36,000 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $3,462,107 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,561,789 | TotalRevenueColumnAmt |
| Exclusion | $1,561,789 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,493,707 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,117,255 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $376,452 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $376,452 | TotalRevenueColumnAmt |
| Exclusion | $376,452 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,938,241 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,938,241 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,126,508 | TotalAmt |
| Program Services | $1,126,508 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $36,000 | TotalAmt |
| Management And General | $36,000 | ManagementAndGeneralAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,375 | TotalAmt |
| Management And General | $21,375 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $750 | TotalAmt |
| Management And General | $750 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,550 | TotalAmt |
| Management And General | $26,550 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $91,865 | TotalAmt |
| Management And General | $91,865 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,560 | TotalAmt |
| Management And General | $1,560 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,420 | TotalAmt |
| Management And General | $9,420 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,314,028 | TotalAmt |
| Program Services | $1,126,508 | ProgramServicesAmt |
| Management And General | $187,520 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,467,896 | BOYAmt |
| EOY | $383,908 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,920,330 | BOYAmt |
| EOY | $31,895,355 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $217,404 | BOYAmt |
| EOY | $152,059 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,605,630 | BOYAmt |
| EOY | $32,431,322 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,265 | BOYAmt |
| EOY | $8,257 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $90,265 | BOYAmt |
| EOY | $323,299 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $217,404 | BOYAmt |
| EOY | $152,059 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $334,934 | BOYAmt |
| EOY | $483,615 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,433,209 | BOYAmt |
| EOY | $1,188,791 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,837,487 | BOYAmt |
| EOY | $30,758,916 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,270,696 | BOYAmt |
| EOY | $31,947,707 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,605,630 | BOYAmt |
| EOY | $32,431,322 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $624,213 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $52,798 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | Yes (X) | SupportingOrganization509a3Ind |
| Supporting Org Type3 Func Int | Yes (X) | SupportingOrgType3FuncIntInd |
| Supported Organizations | 2 | SupportedOrganizationsCnt |
Supported Org Information SupportedOrgInformationGrp (2 entries)
| EINEIN | Organization TypeOrganizationTypeCd | Governing Document ListedGoverningDocumentListedInd | SupportSupportAmt | Other SupportOtherSupportAmt |
|---|---|---|---|---|
| UVM MEDICAL CENTER | ||||
| 030219309 | 3 | Yes (1) | $973,570 | $0 |
| UNIVERSITY OF VERMONT & STATE AGRICULTURAL COLLEGE | ||||
| 030179440 | 5 | Yes (1) | $152,938 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supported Organizations Total | 2 | SupportedOrganizationsTotalCnt |
| Support Sum | $1,126,508 | SupportSumAmt |
| Other Support Sum | $0 | OtherSupportSumAmt |
Form990 Sch A Supporting Org Form990SchASupportingOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Listed By Name Governing Doc | Yes (1) | ListedByNameGoverningDocInd |
| Suprt Org No IRS Determination | 0 | SuprtOrgNoIRSDeterminationInd |
| Supported Org Section C456 | 0 | SupportedOrgSectionC456Ind |
| Supported Org Not Organized US | 0 | SupportedOrgNotOrganizedUSInd |
| Organization Change Suprt Org | 0 | OrganizationChangeSuprtOrgInd |
| Support Non Supported Org | 0 | SupportNonSupportedOrgInd |
| Payment Substantial Contribtr | 0 | PaymentSubstantialContribtrInd |
| Loan Disqualified Person | 0 | LoanDisqualifiedPersonInd |
| Controlled Disqualified Prsn | 0 | ControlledDisqualifiedPrsnInd |
| Disqualified Prsn Controll Int | 0 | DisqualifiedPrsnControllIntInd |
| Disqualified Prsn Ownr Int | 0 | DisqualifiedPrsnOwnrIntInd |
| Excess Business Holdings Rules | 0 | ExcessBusinessHoldingsRulesInd |
| Contribution Controller | 0 | ContributionControllerInd |
| Contribution Family | 0 | ContributionFamilyInd |
| Contribution35 Controlled | 0 | Contribution35ControlledInd |
Form990 Sch A Type3 Sprt Org All Form990SchAType3SprtOrgAllGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timely Provided Documents | Yes (1) | TimelyProvidedDocumentsInd |
| Officers Close Relationship | Yes (1) | OfficersCloseRelationshipInd |
| Supported Org Voice Investment | Yes (1) | SupportedOrgVoiceInvestmentInd |
Form990 Sch A Type3 Func Int Form990SchAType3FuncIntGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activities Test | Yes (X) | ActivitiesTestInd |
| Activities Further Exempt Prps | Yes (1) | ActivitiesFurtherExemptPrpsInd |
| Activities Engaged Org Invlmnt | Yes (1) | ActivitiesEngagedOrgInvlmntInd |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART IV, SECTION D, LINE 3 | BOARD MEMBERS OF THE UNIVERSITY HEALTH CENTER, INC. (UHC) ARE EMPLOYEES OF THE UNIVERSITY OF VERMONT MEDICAL CENTER AND/OR THE UNIVERSITY OF VERMONT & STATE AGRICULTURAL COLLEGE. AS SUCH, THEY FUNCTION AS AGENTS OF THOSE RESPECTIVE SUPPORTED ORGANIZATIONS IN THEIR CAPACITY TO OVERSEE UHC INVESTMENT POLICIES, SELECT GRANT RECIPIENTS AND DIRECT THE USE OF UHC INCOME AND ASSETS. THE SUPPORTED ORGANIZATIONS ALSO PROVIDE OVERALL APPROVAL FOR INTERNAL DEPARTMENT BUDGETS, WHICH INCLUDE A FUNDING REQUEST TO AND GRANT ALLOCATION FROM UHC. |
| PART IV, SECTION E, LINE 2A | THE BY-LAWS REQUIRE UNIVERSITY HEALTH CENTER, INC. TO BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF ITS SUPPORTED ORGANIZATIONS, UNIVERSITY OF VERMONT MEDICAL CENTER (EIN: 03-0219309) AND UNIVERSITY OF VERMONT & STATE AGRICULTURAL COLLEGE (EIN: 03-0179440). THE PURPOSE OF UHC IS TO PROVIDE FUNDING TO VARIOUS DEPARTMENTS WITHIN THE SUPPORTING ORGANIZATIONS TO FURTHER THEIR EXEMPT PURPOSE, AS OUTLINED IN THEIR RESPECTIVE TAX FILINGS. THE BOARD AND ITS COMMITTEES MEET ON A QUARTERLY BASIS AT WHICH TIME THEY REVIEW INTERNAL FINANCIAL STATEMENTS, INVESTMENT PERFORMANCE, NEW FUNDING REQUESTS, AND OTHER ITEMS ON AN AS NEEDED BASIS TO ENSURE THE ORGANIZATION OPERATES IN ACCORDANCE WITH ITS STATED PURPOSE. SPENDING BUDGETS ARE REVIEWED PRIOR TO THE START OF EACH FISCAL YEAR AND ANY SIGNIFICANT DEVIATIONS MUST BE APPROVED. THE BOARD ALSO APPROVES ANY CHANGES TO SPENDING OR INVESTMENT POLICIES BASED ON THE NEEDS OF THE SUPPORTED ORGANIZATIONS. |
| PART IV, SECTION E, LINE 2B | THE BY-LAWS REQUIRE UNIVERSITY HEALTH CENTER, INC. (UHC) TO BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF ITS SUPPORTED ORGANIZATIONS, UNIVERSITY OF VERMONT MEDICAL CENTER (EIN: 03-0219309) AND UNIVERSITY OF VERMONT & STATE AGRICULTURAL COLLEGE (EIN: 03-0179440). THE PURPOSE OF UHC IS TO HOLD AND MANAGE EXEMPT-USE ASSETS AND PROVIDE FUNDING TO VARIOUS DEPARTMENTS WITHIN THE SUPPORTING ORGANIZATIONS TO FURTHER THEIR EXEMPT PURPOSES, AS OUTLINED IN THEIR RESPECTIVE TAX FILINGS. |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DEFERRED COMPENSATION | Desc |
| Amt | $152,059 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $152,059 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | -$6,289,609 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$8,135,985 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | -$8,135,985 | RevenueNotReportedAmt |
| Revenue Subtotal | $1,846,376 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $91,865 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $91,865 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $1,938,241 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $15,977 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $15,977 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $91,865 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $1,206,186 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $1,298,051 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $1,314,028 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | UHC IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(C) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. ACCORDINGLY, UHC HAS NOT PROVIDED FOR INCOME TAXES IN THESE FINANCIAL STATEMENTS. EACH YEAR, MANAGEMENT CONSIDERS WHETHER ANY MATERIAL TAX POSITIONS UHC HAS TAKEN ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAXING AUTHORITY. MANAGEMENT BELIEVES THAT ANY POSITIONS UHC HAS TAKEN ARE SUPPORTED BY SUBSTANTIAL AUTHORITY AND, THEREFORE, DO NOT NEED TO BE MEASURED OR DISCLOSED IN THESE FINANCIAL STATEMENTS. UHC FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. UHC IS SUBJECT TO INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR THREE YEARS FOLLOWING THE DATE OF FILING. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | CONVERSION FROM GAAP TO TAX AS A SUPPORTING ORGANIZATION: RECOGNIZE GAINS ON MARKETABLE SECURITES ALLOCATED TO FUNDS HELD FOR OTHERS RECOGNIZE INTEREST AND DIVIDEND INCOME ALLOCATED TO FUNDS HELD FOR OTHERS |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | CONVERSION FROM GAAP TO TAX AS A SUPPORTING ORGANIZATION: CONVERT GRANTS AND CONTRIBUTIONS FROM FUNDS HELD FOR OTHERS TO EXPENSES 1,114,009. CONVERT EXPENSES ALLOCATED TO FUNDS HELD FOR OTHERS TO EXPENSES 92,177. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| UNIVERSITY OF VERMONT MEDICAL CENTER | ||||||||
| 111 COLCHESTER AVENUE | BURLINGTON | VT | 05401 | 030219309 | 501(C)(3) | $973,570 | $0 | GENERAL SUPPORT |
| UNIVERSITY OF VERMONT & STATE AGRICULTURAL COLLEGE | ||||||||
| 85 SOUTH PROSPECT STREET | BURLINGTON | VT | 05401 | 030179440 | 501(C)(3) | $152,938 | $0 | GENERAL SUPPORT |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | MANAGEMENT HAS ONGOING INTERACTION WITH GRANTEES AND REVIEWS GRANTEE PERFORMANCE AT MINIMUM ON AN ANNUAL BASIS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DAVID LUNARDINI MD | ||||||||||||||
| TRUSTEE | $0 | $605,515 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $605,515 | $0 | $0 |
| MARK PLANTE MD | ||||||||||||||
| TRUSTEE | $0 | $573,864 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $573,864 | $0 | $0 |
| PAUL PENAR MD | ||||||||||||||
| TRUSTEE | $0 | $558,771 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $558,771 | $0 | $0 |
| FRIEDENIKE KEATING MD | ||||||||||||||
| TRUSTEE | $0 | $389,413 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $389,413 | $0 | $0 |
| ELISE EVERETT MD | ||||||||||||||
| TRUSTEE | $0 | $389,349 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $389,349 | $0 | $0 |
| MARC A STANISLAS | ||||||||||||||
| SECRETARY/ TREASURER | $36,000 | $352,212 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $36,000 | $352,212 | $0 | $0 |
| JENNIFER GILWEE MD | ||||||||||||||
| TRUSTEE | $0 | $305,397 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $305,397 | $0 | $0 |
| LAUREN MACAFEE MD | ||||||||||||||
| TRUSTEE | $0 | $287,586 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $287,586 | $0 | $0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | THE ACCOUNTANT AND SECRETARY/TREASURER REVIEW THE FORM 990 ON BEHALF OF THE BOARD OF DIRECTORS. ONCE BOTH ARE SATISFIED THE RETURN IS COMPLETE AND ACCURATE TO THE BEST OF THEIR KNOWLEDGE, THE RETURN IS FILED. THE BOARD AS A WHOLE IS INFORMED THAT THE RETURN HAS BEEN FILED AND IS AVAILABLE FOR INSPECTION IF REQUESTED. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE BOARD OF DIRECTORS OBTAINS COMPARABLE PAY INFORMATION FROM RELATED ORGANIZATIONS AND ADJUSTS PAY INCREASES TO THE CORRESPONDING PERCENTAGE. |
| FORM 990, PART VI, SECTION C, LINE 19 | MANAGEMENT MAKES THESE DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | OTHER CHANGE IN COST BASIS OF INVESTMENTS 52,798. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|
| UNIVERSITY OF VERMONT MEDICAL CENTER | |||||||||
| 111 COLCHESTER AVENUE | BURLINGTON | VT | 05401 | 030219309 | VERMONT'S ACADEMIC MEDICAL CENTER AND PRIMARY COMMUNITY HOSPITAL | VT | 501(C)(3) | 170(B)(1)(A)(II) | 0 |
| UNIVERSITY OF VERMONT & STATE AGRICULTURAL COLLEGE | |||||||||
| 85 S PROSPECT ST | BURLINGTON | VT | 05401 | 030179440 | HIGHER EDUCATION | VT | 501(C)(3) | 170(B)(1)(A)(II) | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (2 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| UNIVERSITY OF VERMONT MEDICAL CENTER | ||
| B | $973,571 | CASH SUPPORT |
| UNIVERSITY OF VERMONT & STATE AGRICULTURAL COLLEGE | ||
| B | $152,938 | CASH SUPPORT |