UNIVERSITY OF MINNESOTA PHYSICIANS: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- UNIVERSITY OF MINNESOTA PHYSICIANS (EIN 41-1843943)
- Tax period
- 2023-07-01 to 2024-06-30
- Filed
- 2025-05-07
- IRS object ID
- 202521279349302792
- Schema version
- 2023v6.0
- 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
- Form 990
- Schedule A
- Schedule C
- Schedule D
- Schedule F
- Schedule I
- Schedule J
- Schedule L
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-05-07T15:19:45-05:00 | ReturnTs |
| Tax Period End | 2024-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 135565207 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KPMG LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 350 NORTH 5TH ST STE 600 | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55401 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 411843943 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY OF MINNESOTA PHYSICIANS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | UNIV | BusinessNameControlTxt |
| Phone | 6128840600 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 720 WASHINGTON AVE SE 200 | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55414 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | WILLIAM SIBERT | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 6128840600 | PhoneNum |
| Signature | 2025-05-07 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | HOLLY MOEN | PreparerPersonNm |
| PTIN | P01800653 | PTIN |
| Phone | 6123055000 | PhoneNum |
| Preparation | 2025-05-02 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | BEVAN YUEH | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 720 WASHINGTON AVE SE 200 | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55414 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $906,928,414 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.MPHYSICIANS.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1996 | FormationYr |
| Legal Domicile State | MN | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE THE HIGHEST QUALITY HEALTHCARE TO PATIENTS AND THEIR FAMILIES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 18 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 5 | VotingMembersIndependentCnt |
| Total Employee | 5846 | TotalEmployeeCnt |
| Total Volunteers | 6 | 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 | $898,127,070 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $897,039,783 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,147,283 | PYInvestmentIncomeAmt |
| CY Investment Income | $2,333,631 | CYInvestmentIncomeAmt |
| PY Other Revenue | $3,675,000 | PYOtherRevenueAmt |
| CY Other Revenue | $3,675,000 | CYOtherRevenueAmt |
| PY Total Revenue | $902,949,353 | PYTotalRevenueAmt |
| CY Total Revenue | $903,048,414 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $17,327,786 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $9,138,381 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $777,623,755 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $823,558,183 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $78,291,505 | PYOtherExpensesAmt |
| CY Other Expenses | $76,438,815 | CYOtherExpensesAmt |
| PY Total Expenses | $873,243,046 | PYTotalExpensesAmt |
| CY Total Expenses | $909,135,379 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $29,706,307 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$6,086,965 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $309,059,998 | TotalAssetsBOYAmt |
| Total Assets EOY | $286,805,724 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $200,278,540 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $211,471,745 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $108,781,458 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $75,333,979 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | UNIVERSITY OF MINNESOTA PHYSICIANS SERVES AS THE INTEGRATED GROUP PRACTICE FOR THE UNIVERSITY OF MINNESOTA MEDICAL SCHOOL FULL-TIME FACULTY TO PROVIDE THE HIGHEST QUALITY HEALTHCARE TO PATIENTS AND THEIR FAMILIES.UNIVERSITY OF MINNESOTA PHYSICIANS IS A MULTI-SPECIALTY PHYSICIAN ORGANIZATION SERVING AS THE FACULTY PRACTICE PLAN FOR THE UNIVERSITY OF MINNESOTA MEDICAL SCHOOL. IT IS DEDICATED TO PROVIDING HIGH QUALITY, PATIENT FOCUSED CARE AND ADVANCING MEDICAL KNOWLEDGE. IT SUPPORTS THERESEARCH AND EDUCATION MISSIONS OF THE MEDICAL SCHOOL. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $848,210,015 | ExpenseAmt |
| Grant | $9,138,381 | GrantAmt |
| Revenue | $900,714,783 | RevenueAmt |
| Desc | UNIVERSITY OF MINNESOTA PHYSICIANS (UMP) SERVES AS THE INTEGRATED, MULTI-SPECIALTY GROUP PRACTICE FOR THE UNIVERSITY OF MINNESOTA MEDICAL SCHOOL (MEDICAL SCHOOL) FACULTY. IT OPERATES AS AN INTEGRAL PART OF THE MEDICAL SCHOOL, A COMPONENT OF THE UNIVERSITY OF MINNESOTA (UNIVERSITY), WHICH IS A TAX-EXEMPT LAND GRANT PUBLIC UNIVERSITY.(CONTINUED ON SCHEDULE O)AS THE DESIGNATED PRACTICE GROUP FOR THE MEDICAL SCHOOL'S FACULTY, UMP WAS ESTABLISHED TO SUPPORT THE MEDICAL SCHOOL'S TRIPARTITE MISSION: CLINICAL CARE, TEACHING, AND RESEARCH. IT IS THE ORGANIZATION THROUGH WHICH THE FACULTY PHYSICIANS PROVIDE CLINICAL CARE TO PATIENTS AND CLINICAL TRAINING TO THE NEXT GENERATION OF PHYSICIANS. THE FUNDS DERIVED FROM UMP'S ACTIVITIES ARE USED TO FINANCIALLY SUPPORT THE MEDICAL SCHOOL'S TEACHING, RESEARCH, ACADEMIC ADMINISTRATION, AND COMMUNITY SERVICE ACTIVITIES.CLINICAL CARE:UMP SERVES THE MEDICAL SCHOOL'S CLINICAL CARE MISSION AND THE UNIVERSITY'S LAND GRANT MISSION BY PROVIDING HIGH-QUALITY, INNOVATIVE AND CUTTING-EDGE CLINICAL CARE TO PATIENTS ACROSS THE STATE OF MINNESOTA AND BEYOND. IT BRINGS ACADEMIC MEDICINE AND EVIDENCE-BASED CARE TO PATIENTS AT OVER 80 CLINICAL CARE SITES IN MINNESOTA. UMP OWNS AND OPERATES A NUMBER OF PRIMARY CARE AND SPECIALTY CLINICS, INCLUDING A NUMBER OF WHOLLY-OWNED CLINICS, AS WELL AS A CO-OWNED AMBULATORY CARE CENTER, THE UNIVERSITY OF MINNESOTA HEALTH CLINICS AND SURGERY CENTER, WHICH HOUSES A BROAD RANGE OF SPECIALTY CLINICS. UMP ALSO PROVIDES PATIENT CARE AT THE HOSPITAL AND AMBULATORY CARE SITES OF ITS CLINICAL PARTNERS, WHICH INCLUDE OVER A DOZEN NONPROFIT HEALTH CARE SYSTEMS WITH FACILITIES LOCATED IN THE METROPOLITAN REGION AS WELL AS THE GREATER MINNESOTA REGION.UNDER AN ACADEMIC AFFILIATION RELATIONSHIP WITH ITS PRIMARY CLINICAL PARTNER, UMP PROVIDES THE PRIMARY PHYSICIAN STAFFING FOR THE UNIVERSITY OF MINNESOTA MEDICAL CENTER, MINNESOTA'S FLAGSHIP TEACHING FACILITY AND THE REGION'S ONLY UNIVERSITY-LEVEL ACADEMIC MEDICAL CENTER. IN ADDITION TO STAFFING THE ACADEMIC MEDICAL CENTER, UMP ALSO PROVIDES MEDICAL LEADERSHIP FOR THE CENTER, WHICH INCLUDES TWO ACUTE CARE HOSPITALS (ADULT AND PEDIATRIC - THE UNIVERSITY OF MINNESOTA MASONIC CHILDREN'S HOSPITAL, HOME OF SOME OF THE WORLD'S TOP PEDIATRIC CANCER PROGRAMS) AND DOZENS OF OUTPATIENT SPECIALTY CLINICS.UMP EMPLOYS MORE THAN 1,200 PHYSICIANS AND 2,400 OTHER CLINICIANS AND STAFF WHO ARE COMMITTED TO PROVIDING HIGH-QUALITY, PATIENT-FOCUSED CARE TO THE COMMUNITIES IT SERVES. UMP'S HIGHLY SKILLED AND HIGHLY TRAINED PHYSICIANS PROVIDE CARE IN OVER 90 SPECIALTIES AND SUB-SPECIALTIES, DIAGNOSING AND TREATING ALL PATIENT POPULATIONS AND MANAGING SOME OF THE MOST COMPLEX AND RARE CONDITIONS. UMP SERVES OVER ONE MILLION PATIENTS ANNUALLY. IT HAS A CHARITY CARE PROGRAM FOR THE UNINSURED AND UNDERINSURED AND SERVES MANY UNDERSERVED POPULATIONS. FOR EXAMPLE: ITS BROADWAY FAMILY MEDICINE CLINIC, HAS LONG PROVIDED PRIMARY CARE TO AN UNDERSERVED URBAN COMMUNITY WITH LIMITED ACCESS TO HEALTH CARE; ITS STUDENT-RUN PHILLIPS NEIGHBORHOOD CLINIC IS A FREE CLINIC THAT SERVICES AN UNINSURED POPULATION. TEACHING:UMP SERVES THE MEDICAL SCHOOL'S TEACHING MISSION BY PROVIDING CLINICAL TRAINING TO THE MEDICAL STUDENTS, RESIDENTS, AND FELLOWS IN THE MEDICAL SCHOOL'S GRADUATE MEDICAL EDUCATION PROGRAMS. UMP'S FACULTY PHYSICIANS PROVIDE THIS VITAL TRAINING AS PART OF THE CLINICAL CARE THEY PROVIDE TO PATIENTS. THEY PROVIDE THE PHYSICIANS-IN-TRAINING WITH REAL LIFE, HANDS-ON PATIENT EXPERIENCE IN THE CLINICAL SETTING, INSTRUCTING THEM ON ALL ASPECTS OF PATIENT CARE AND SUPERVISING THEIR PATIENT CARE ACTIVITIES. THIS CLINICAL TRAINING COVERS OVER 140 MEDICAL RESIDENCY AND FELLOWSHIP PROGRAMS FOR 19 GENERAL SPECIALTIES AND OVER 100 SUBSPECIALTIES. UMP'S FACULTY PHYSICIANS TRAIN OVER 70% OF MINNESOTA'S PHYSICIANS.RESEARCH:UMP SERVICES THE MEDICAL SCHOOL'S RESEARCH MISSION BY SUPPORTING ITS FACULTY PHYSICIANS' CLINICAL RESEARCH EFFORTS. UMP'S FACULTY PHYSICIANS ARE PHYSICIAN SCIENTISTS WHO ARE DRIVEN TO ADVANCE MEDICAL KNOWLEDGE THROUGH SCHOLARSHIP AND TRANSLATIONAL RESEARCH. THROUGH THE CLINICAL TRIALS THEY LEAD, THEY BRING NEW CURES AND TREATMENTS TO THE PATIENTS THEY CARE FOR IN THEIR CLINICAL PRACTICES.AS A NATIONAL RESEARCH POWERHOUSE, THE UNIVERSITY OF MINNESOTA MEDICAL SCHOOL HAS LONG BEEN RECOGNIZED FOR PIONEERING NEW TECHNIQUES AND THERAPIES IN MEDICINE. THE WORLD'S FIRST SUCCESSFUL OPEN HEART SURGERY, HEART TRANSPLANT, AND BONE MARROW TRANSPLANT WERE PERFORMED AT THE UNIVERSITY OF MINNESOTA MEDICAL CENTER. THE MEDICAL SCHOOL ALSO DEVELOPED THE FIRST HEART-LUNG MACHINE, THE FIRST WEARABLE, BATTERY-OPERATED PACEMAKER, AND MORE RECENTLY, THE FIRST-OF-ITS-KIND MOBILE RESUSCITATION VEHICLE TO BRING LIFE-SAVING, EMERGENCY ROOM-LEVEL CARE TO FIRST RESPONDERS FOR CARDIAC ARREST PATIENTS.THE MEDICAL SCHOOL REMAINS AT THE FOREFRONT OF THE LATEST CLINICAL TRIALS AND OTHER RESEARCH. KEY RESEARCH AREAS INCLUDE: STEM CELL RESEARCH AND REGENERATIVE MEDICINE; SOLID ORGAN AND BLOOD AND MARROW TRANSPLANTATION, DIABETES, IMMUNOLOGY AND INFECTIOUS DISEASE, CANCER, NEUROSCIENCE, LUNG DISEASE, AND CARDIOVASCULAR DISEASE. UMP'S FACULTY PHYSICIANS ARE PRINCIPAL INVESTIGATORS IN HUNDREDS OF ONGOING CLINICAL TRIALS IN THESE AREAS. THEIR RESEARCH ALLOWS UMP TO CONSTANTLY IMPROVE PATIENT CARE, OUTCOMES, AND QUALITY OF LIFE. THE FUNDING UMP PROVIDES TO THE MEDICAL SCHOOL SUPPORTS THESE RESEARCH EFFORTS. | Desc |
| Total Program Service Expenses | $848,210,015 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | 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 | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | 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 | Yes (1) | 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 | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 95 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 5846 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | Yes (1) | ForeignFinancialAccountInd |
| Foreign Country | CJ | ForeignCountryCd |
| 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 |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| 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 | 18 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 5 | 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 | Yes (1) | 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 | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | Yes (1) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | Yes (1) | WrittenPolicyOrProcedureInd |
| States Where Copy Of Return Is Fld | MN | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SEAN FREDRICKSON | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6128840600 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 720 WASHINGTON AVE SE STE 200 | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55414 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (27 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| DENIS CLOHISY | ||||||||
| PHYSICIAN & BOARD VICE CHAIR | 20.00 | 20.00 | Yes (X) | $478,309 | $731,174 | $120,643 | ||
| JAKUB TOLAR | ||||||||
| PHYSICIAN & BOARD CHAIR | 20.00 | 20.00 | Yes (X) | $37,058 | $907,638 | $69,782 | ||
| SAYEED IKRAMUDDIN | ||||||||
| DIRECTOR AND EMPLOYED PHYSICIAN | 20.00 | 20.00 | Yes (X) | $559,365 | $345,586 | $97,500 | ||
| BEVAN YUEH | ||||||||
| CEO | 20.00 | 20.00 | Yes (X) | $553,591 | $273,241 | $108,236 | Yes (X) | |
| ELIZABETH SEAQUIST | ||||||||
| DIRECTOR AND EMPLOYED PHYSICIAN | 20.00 | 20.00 | Yes (X) | $126,450 | $761,682 | $90,084 | ||
| JOSEPH NEGLIA | ||||||||
| DIRECTOR AND EMPLOYED PHYSICIAN | 20.00 | 20.00 | Yes (X) | $256,235 | $305,436 | $90,963 | ||
| JOEL BOYD | ||||||||
| DIRECTOR AND EMPLOYED PHYSICIAN | 20.00 | 20.00 | Yes (X) | $659,038 | $0 | $68,465 | ||
| JESSICA KUEHN-HAJDER | ||||||||
| DIRECTOR AND EMPLOYED PHYSICIAN | 20.00 | 20.00 | Yes (X) | $458,031 | $71,900 | $74,908 | ||
| RAHEL GHEBRE | ||||||||
| PHYSICIAN & BOARD SECRETARY | 20.00 | 20.00 | Yes (X) | $306,868 | $150,123 | $81,578 | ||
| CATHERINE BENDEL | ||||||||
| DIRECTOR AND EMPLOYED PHYSICIAN | 20.00 | 20.00 | Yes (X) | $221,650 | $67,072 | $61,074 | ||
| KATHRYN KACEY JUSTESEN | ||||||||
| DIRECTOR AND EMPLOYED PHYSICIAN | 20.00 | 20.00 | Yes (X) | $103,339 | $167,277 | $52,306 | ||
| NAOMI FUJIOKA | ||||||||
| DIRECTOR AND EMPLOYED PHYSICIAN | 20.00 | 20.00 | Yes (X) | $195,161 | $108,289 | $39,956 | ||
| AMY REED TERMED 723 | ||||||||
| DIRECTOR AND EMPLOYED PHYSICIAN | 20.00 | 20.00 | Yes (X) | $305,665 | $32,273 | $48,896 | ||
| DEE THIBODEAU | ||||||||
| COMMUNITY BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| JAMES HEREFORD | ||||||||
| NONVOTING BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| JON CHRISTIANSON | ||||||||
| COMMUNITY BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| JULIA JOSEPH-DI CAPRIO | ||||||||
| COMMUNITY BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| KATHLEEN PICKARD | ||||||||
| COMMUNITY BOARD MEMBER & BOARD TREASURER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| RICHARD MIGLIORI | ||||||||
| COMMUNITY BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| TOM OLSON | ||||||||
| COMMUNITY BOARD MEMBER | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| NICK NYHUS | ||||||||
| CHIEF ADMINISTRATIVE OFFICER | 40.00 | 0.00 | $420,889 | $0 | $63,404 | Yes (X) | ||
| WILLIAM SIBERT | ||||||||
| CFO | 20.00 | 20.00 | $0 | $694,416 | $55,332 | Yes (X) | ||
| CHRISTOPHER MARTIN | ||||||||
| EMPLOYED PHYSICIAN | 20.00 | 20.00 | $1,882,911 | $48,789 | $64,390 | Yes (X) | ||
| ROSEMARY KELLY | ||||||||
| EMPLOYED PHYSICIAN | 20.00 | 20.00 | $1,453,114 | $93,381 | $80,917 | Yes (X) | ||
| MATTHEW HUNT | ||||||||
| EMPLOYED PHYSICIAN | 20.00 | 20.00 | $1,008,993 | $0 | $69,574 | Yes (X) | ||
| PRANAVA SINHA | ||||||||
| EMPLOYED PHYSICIAN | 20.00 | 20.00 | $1,357,872 | $48,789 | $33,098 | Yes (X) | ||
| TUSHAR VORA | ||||||||
| EMPLOYED PHYSICIAN | 20.00 | 20.00 | $926,221 | $0 | $70,964 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $11,310,760 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $4,807,066 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $1,442,070 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 2753 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| REGENTS OF THE UNIVERSITY OF MINNESOTA | |||||
| NW 5960 PO BOX 1450 | MINNEAPOLIS | MN | 55485 | CLINICAL/ACADEMIC | $413,243,247 |
| FAIRVIEW HEALTH SERVICES | |||||
| PO BOX 1496 | MINNEAPOLIS | MN | 55440 | LAB/NURSING SERVICES | $9,174,981 |
| RIGHTSOURCING INC | |||||
| PO BOX 515743 | LOS ANGELES | CA | 90051 | LAB/NURSING SERVICES | $2,205,706 |
| KRAUS-ANDERSON CONSTRUCTION COMPANY | |||||
| 501 S 8TH ST | MINNEAPOLIS | MN | 55404 | CONSTRUCTION | $2,059,043 |
| VERVINT LLC | |||||
| PO BOX 72596 | CLEVELAND | OH | 44192 | IT | $2,035,582 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 47 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| CONTRACT SERVICE REV. | 622110 | $856,862,160 | $856,862,160 |
| PATIENT SERVICE REV. | 622110 | $38,101,303 | $38,101,303 |
| MEDICAID SUPP. PAYMENT | 622110 | $2,031,937 | $2,031,937 |
| RETAIL SALES | 456199 | $44,383 | $44,383 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $897,039,783 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,340,605 | TotalRevenueColumnAmt |
| Exclusion | $2,340,605 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $3,873,026 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $3,880,000 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$6,974 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$6,974 | TotalRevenueColumnAmt |
| Exclusion | -$6,974 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | BROADWAY CLINIC PYMT | Desc |
| Business | 622110 | BusinessCd |
| Total Revenue Column | $3,675,000 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $3,675,000 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $3,675,000 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $903,048,414 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $900,714,783 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,333,631 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,138,381 | TotalAmt |
| Program Services | $9,138,381 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,352,775 | TotalAmt |
| Program Services | $3,264,483 | ProgramServicesAmt |
| Management And General | $1,088,292 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $665,531,120 | TotalAmt |
| Program Services | $632,053,864 | ProgramServicesAmt |
| Management And General | $33,477,256 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $51,809,750 | TotalAmt |
| Program Services | $49,093,926 | ProgramServicesAmt |
| Management And General | $2,715,824 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $67,381,799 | TotalAmt |
| Program Services | $67,252,401 | ProgramServicesAmt |
| Management And General | $129,398 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $34,482,739 | TotalAmt |
| Program Services | $32,199,656 | ProgramServicesAmt |
| Management And General | $2,283,083 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,300,430 | TotalAmt |
| Program Services | $468,551 | ProgramServicesAmt |
| Management And General | $1,831,879 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $208,296 | TotalAmt |
| Program Services | $664 | ProgramServicesAmt |
| Management And General | $207,632 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $44,000 | TotalAmt |
| Management And General | $44,000 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,330 | TotalAmt |
| Management And General | $25,330 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,892,739 | TotalAmt |
| Program Services | $16,784,082 | ProgramServicesAmt |
| Management And General | $4,108,657 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $150,992 | TotalAmt |
| Program Services | $19,680 | ProgramServicesAmt |
| Management And General | $131,312 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $322,810 | TotalAmt |
| Program Services | $287,950 | ProgramServicesAmt |
| Management And General | $34,860 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,784,305 | TotalAmt |
| Program Services | $76,442 | ProgramServicesAmt |
| Management And General | $8,707,863 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,934,293 | TotalAmt |
| Program Services | $9,156,081 | ProgramServicesAmt |
| Management And General | $778,212 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $108,591 | TotalAmt |
| Program Services | $106,345 | ProgramServicesAmt |
| Management And General | $2,246 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $368,390 | TotalAmt |
| Program Services | $325,895 | ProgramServicesAmt |
| Management And General | $42,495 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,875,756 | TotalAmt |
| Program Services | $1,921,500 | ProgramServicesAmt |
| Management And General | $954,256 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,601,423 | TotalAmt |
| Program Services | $13,591,048 | ProgramServicesAmt |
| Management And General | $1,010,375 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| ALL OTHER EXPENSES | $9,936,425 | $6,585,985 | $3,350,440 |
| MEDICAL SUPPLIER/DRUGS | $2,998,464 | $2,996,510 | $1,954 |
| DEAN SUPPORT/DEAN TAX | $2,271,655 | $2,271,655 | |
| MN CARE TAX | $494,913 | $494,913 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $120,003 | TotalAmt |
| Program Services | $120,003 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $909,135,379 | TotalAmt |
| Program Services | $848,210,015 | ProgramServicesAmt |
| Management And General | $60,925,364 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $111,574,890 | BOYAmt |
| EOY | $32,926,654 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,441,469 | BOYAmt |
| EOY | $31,925,957 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $147,526,419 | BOYAmt |
| EOY | $201,342,256 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,504,278 | BOYAmt |
| EOY | $3,728,998 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $30,088,859 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $20,679,882 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,077,723 | BOYAmt |
| EOY | $9,408,977 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,935,219 | BOYAmt |
| EOY | $7,472,882 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $309,059,998 | BOYAmt |
| EOY | $286,805,724 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $200,278,540 | BOYAmt |
| EOY | $211,471,745 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $200,278,540 | BOYAmt |
| EOY | $211,471,745 | 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 | $108,781,458 | BOYAmt |
| EOY | $75,333,979 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $108,781,458 | BOYAmt |
| EOY | $75,333,979 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $309,059,998 | BOYAmt |
| EOY | $286,805,724 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$6,086,965 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $1,459,858 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$28,820,372 | 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) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| 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) |
|---|---|---|
| Hospital | Yes (X) | HospitalInd |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART I, LINE 3 | FormAndLineReferenceDesc |
| Explanation | UNIVERSITY OF MINNESOTA PHYSICIANS IS RECOGNIZED AS A HOSPITAL BY THE INTERNAL REVENUE SERVICE UNDER IRC SECTION 170(B)(1)(A)(III). HOWEVER, UNIVERSITY OF MINNESOTA PHYSICIANS DOES NOT CURRENTLY OPERATE ANY LICENSED HOSPITAL FACILITIES: THEREFORE, NO SCHEDULE H IS REQUIRED. | ExplanationTxt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | VolunteersInd |
| Paid Staff Or Management | 0 | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | 0 | MailingsMembersInd |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | 0 | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | 0 | DirectContactLegislatorsInd |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | Yes (1) | OtherActivitiesInd |
| Other Activities | $44,000 | OtherActivitiesAmt |
| Total Lobbying Expenditures | $44,000 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II-B, LINE 1: | FormAndLineReferenceDesc |
| Explanation | A THIRD-PARTY FIRM IS CONTRACTED TO PERFORM LOBBYING ACTIVITIES ON UMP'S BEHALF. THESE ACTIVITIES INCLUDE ARTICULATING AND COMMUNICATING VIEWS OF UMP MANAGEMENT TO LAWMAKERS SURROUNDING PROPOSED HEALTHCARE LEGISLATION, MONITORING AND INFORMING UMP OF POTENTIAL LEGISLATION THAT MAY IMPACT UMP, FACILITATING MEETINGS BETWEEN LEGISLATIVE MEMBERS AND UMP'S CEO, AND PROVIDING QUARTERLY UPDATES TO UMP'S SENIOR TEAM AND CEO. | ExplanationTxt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $9,551,877 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,341,742 | DepreciationAmt |
| Book Value | $6,210,135 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,993,342 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,047,159 | DepreciationAmt |
| Book Value | $946,183 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $16,543,640 | OtherCostOrOtherBasisAmt |
| Depreciation | $14,290,981 | DepreciationAmt |
| Book Value | $2,252,659 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $9,408,977 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | UMPHYSICIANS HAS ADOPTED GUIDANCE IN THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE STANDARD REQUIRES AN ORGANIZATION TO DETERMINE WHETHER IT IS MORE LIKELY THAN NOT THAT A TAX POSITION WILL BE SUSTAINED UPON EXAMINATION ON THE TECHNICAL MERITS OF THE POSITION, ASSUMING THE TAXING AUTHORITY HAS FULL KNOWLEDGE OF ALL INFORMATION. IF THE TAX POSITION DOES NOT MEET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD, THE BENEFIT OF THAT POSITION IS NOT RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS. UMPHYSICIANS EVALUATES ITS UNCERTAIN TAX POSITIONS. THERE ARE NO ASSETS OR LIABILITIES RELATED TO UNCERTAIN TAX POSITIONS OR UNRECOGNIZED TAX BENEFITS AS OF JUNE 30, 2024 AND 2023. FEDERAL RETURNS FOR THE PERIODS ENDED JUNE 30, 2021 THROUGH JUNE 30, 2024 REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS. | ExplanationTxt |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | CENTRAL AMERICA AND THE CARIBBEAN | RegionTxt |
| Offices | 0 | OfficesCnt |
| Employee | 0 | EmployeeCnt |
| Type Of Activities Conducted | INVESTMENTS | TypeOfActivitiesConductedTxt |
| Region Total Expenditures | $22,498,688 | RegionTotalExpendituresAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $22,498,688 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $22,498,688 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 0 | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY OF MINNESOTA | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 420 DELAWARE STREET | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55455 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 416007513 | RecipientEIN |
| IRC Section | 115 | IRCSectionDesc |
| Cash Grant | $9,138,381 | CashGrantAmt |
| Non Cash Assistance | $0 | NonCashAssistanceAmt |
| Valuation Method Used | N/A | ValuationMethodUsedDesc |
| Non Cash Assistance | N/A | NonCashAssistanceDesc |
| Purpose Of Grant | EDUCATION & RESEARCH | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | ASSISTANCE WAS TO A RELATED ORGANIZATION, FUNDS ARE MONITORED BY MANAGEMENT, UNIVERSITY OF MINNESOTA AND THE RELATED GOVERNING BODIES. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | Yes (1) | 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 (20 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CHRISTOPHER MARTIN | ||||||||||||||
| EMPLOYED PHYSICIAN | $1,179,670 | $48,789 | $699,782 | $0 | $3,459 | $0 | $42,900 | $0 | $220 | $21,270 | $1,926,031 | $70,059 | $0 | $0 |
| ROSEMARY KELLY | ||||||||||||||
| EMPLOYED PHYSICIAN | $1,447,624 | $93,381 | $0 | $0 | $5,490 | $0 | $42,900 | $0 | $3,705 | $34,312 | $1,499,719 | $127,693 | $0 | $0 |
| PRANAVA SINHA | ||||||||||||||
| EMPLOYED PHYSICIAN | $1,353,472 | $48,789 | $0 | $0 | $4,400 | $0 | $33,000 | $98 | $0 | $0 | $1,390,872 | $48,887 | $0 | $0 |
| DENIS CLOHISY | ||||||||||||||
| PHYSICIAN & BOARD VICE CHAIR | $418,933 | $624,174 | $53,500 | $107,000 | $5,876 | $0 | $42,900 | $0 | $2,749 | $74,994 | $523,958 | $806,168 | $0 | $0 |
| MATTHEW HUNT | ||||||||||||||
| EMPLOYED PHYSICIAN | $805,696 | $0 | $197,654 | $0 | $5,643 | $0 | $42,900 | $0 | $26,674 | $0 | $1,078,567 | $0 | $0 | $0 |
| JAKUB TOLAR | ||||||||||||||
| PHYSICIAN & BOARD CHAIR | $35,000 | $907,638 | $0 | $0 | $2,058 | $0 | $4,550 | $0 | $0 | $65,232 | $41,608 | $972,870 | $0 | $0 |
| SAYEED IKRAMUDDIN | ||||||||||||||
| DIRECTOR AND EMPLOYED PHYSICIAN | $529,880 | $239,409 | $24,216 | $106,177 | $5,269 | $0 | $42,900 | $0 | $1,201 | $53,399 | $603,466 | $398,985 | $0 | $0 |
| TUSHAR VORA | ||||||||||||||
| EMPLOYED PHYSICIAN | $742,279 | $0 | $178,109 | $0 | $5,833 | $0 | $42,900 | $0 | $28,064 | $0 | $997,185 | $0 | $0 | $0 |
| ELIZABETH SEAQUIST | ||||||||||||||
| DIRECTOR AND EMPLOYED PHYSICIAN | $94,481 | $646,133 | $28,887 | $115,549 | $3,082 | $0 | $16,038 | $0 | $594 | $73,452 | $143,082 | $835,134 | $0 | $0 |
| BEVAN YUEH | ||||||||||||||
| CEO | $428,849 | $273,241 | $121,696 | $0 | $3,046 | $0 | $49,500 | $0 | $908 | $57,828 | $603,999 | $331,069 | $0 | $0 |
| WILLIAM SIBERT | ||||||||||||||
| CFO | $0 | $556,916 | $0 | $137,500 | $0 | $0 | $0 | $0 | $0 | $55,332 | $0 | $749,748 | $0 | $0 |
| JOEL BOYD | ||||||||||||||
| DIRECTOR AND EMPLOYED PHYSICIAN | $653,938 | $0 | $0 | $0 | $5,100 | $0 | $42,900 | $0 | $25,565 | $0 | $727,503 | $0 | $0 | $0 |
| JOSEPH NEGLIA | ||||||||||||||
| DIRECTOR AND EMPLOYED PHYSICIAN | $240,400 | $268,007 | $12,476 | $37,429 | $3,359 | $0 | $32,874 | $0 | $974 | $57,115 | $290,083 | $362,551 | $0 | $0 |
| JESSICA KUEHN-HAJDER | ||||||||||||||
| DIRECTOR AND EMPLOYED PHYSICIAN | $404,116 | $71,900 | $50,000 | $0 | $3,915 | $0 | $42,900 | $0 | $569 | $31,439 | $501,500 | $103,339 | $0 | $0 |
| RAHEL GHEBRE | ||||||||||||||
| PHYSICIAN & BOARD SECRETARY | $302,967 | $150,123 | $0 | $0 | $3,901 | $0 | $39,386 | $0 | $398 | $41,794 | $346,652 | $191,917 | $0 | $0 |
| NICK NYHUS | ||||||||||||||
| CHIEF ADMINISTRATIVE OFFICER | $358,763 | $0 | $57,595 | $0 | $4,531 | $0 | $49,499 | $0 | $13,905 | $0 | $484,293 | $0 | $0 | $0 |
| AMY REED TERMED 723 | ||||||||||||||
| DIRECTOR AND EMPLOYED PHYSICIAN | $299,741 | $32,273 | $0 | $0 | $5,924 | $0 | $38,966 | $0 | $1,370 | $8,560 | $346,001 | $40,833 | $0 | $0 |
| CATHERINE BENDEL | ||||||||||||||
| DIRECTOR AND EMPLOYED PHYSICIAN | $218,973 | $67,072 | $0 | $0 | $2,677 | $0 | $28,467 | $0 | $1,061 | $31,546 | $251,178 | $98,618 | $0 | $0 |
| NAOMI FUJIOKA | ||||||||||||||
| DIRECTOR AND EMPLOYED PHYSICIAN | $174,626 | $7,108 | $18,288 | $0 | $2,247 | $101,181 | $25,079 | $14,347 | $112 | $418 | $220,352 | $123,054 | $0 | $0 |
| KATHRYN KACEY JUSTESEN | ||||||||||||||
| DIRECTOR AND EMPLOYED PHYSICIAN | $93,999 | $167,277 | $8,000 | $0 | $1,340 | $0 | $13,260 | $0 | $0 | $39,046 | $116,599 | $206,323 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 5 | FormAndLineReferenceDesc |
| Explanation | INCENTIVE COMPENSATION IS PAID BASED UPON ATTAINMENT OF SPECIFIC GOALS RELATED TO INDIVIDUAL CLINICAL PRODUCTIVITY, NOT THE EARNINGS OF THE ENTIRE ORGANIZATION. INCENTIVE COMPENSATION FOR NON-PHYSICIANS LISTED IS BASED ON QUALITY AND SAFETY, CLINICIAN AND EMPLOYEE EXPERIENCE, PATIENT EXPERIENCE, EFFICIENCY AND GROWTH. | ExplanationTxt |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FARHA IKRAMUDDIN | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | SPOUSE OF DIRECTOR | RelationshipDescriptionTxt |
| Transaction | $270,312 | TransactionAmt |
| Transaction | EMPLOYMENT | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART IV, LINE 14A | WHILE UMPHYSICIANS DID NOT MAINTAIN AN OFFICE OR EMPLOYEES OUTSIDE OF THE UNITED STATES, A SUBSIDIARY OF UMPHYSICIANS DID. HOWEVER, THIS SUBSIDIARY IS NOT INCLUDED AS PART OF THIS FORM 990. |
| FORM 990, PART VI, SECTION A, LINE 1A | THE BOARD HAS ONE NON-VOTING DIRECTOR WHO IS A REPRESENTATIVE OF THE ORGANIZATION'S PRIMARY CLINICAL PARTNER. THE EXECUTIVE GOVERNANCE COMMITTEE OF THE BOARD OF DIRECTORS MAY ACT WITH THE FULL AUTHORITY OF THE BOARD AND TRANSACT BUSINESS ON BEHALF OF THE BOARD IN THE INTERIM BETWEEN BOARD MEETINGS. IT IS COMPOSED OF THE FOLLOWING DIRECTORS: THE BOARD CHAIR, VICE CHAIR, TREASURER, AND SECRETARY; THE CHIEF EXECUTIVE OFFICER; AND THREE TO FOUR OTHER VOTING DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7B | UNIVERSITY OF MINNESOTA PHYSICIANS WAS ESTABLISHED AS THE DESIGNATED PRACTICE ORGANIZATION OF THE FACULTY OF THE UNIVERSITY OF MINNESOTA MEDICAL SCHOOL UNDER A DESIGNATION BY THE UNIVERSITY OF MINNESOTA BOARD OF REGENTS. ACCORDINGLY, IT IS SUBJECT TO CERTAIN OPERATING POLICIES AND PROCEDURES ESTABLISHED FOR THE ORGANIZATION BY THE OFFICE OF THE DEAN OF THE MEDICAL SCHOOL. THE ORGANIZATION'S BYLAWS GRANT THE DEAN OF THE MEDICAL SCHOOL THE RIGHT TO APPROVE CERTAIN MATTERS INCLUDING: MATERIAL CHANGES TO THE ARTICLES OF INCORPORATION OR THE BYLAWS; THE APPOINTMENT OF THE CEO; THE SALE OF SUBSTANTIALLY ALL ASSETS; THE MERGER, CONSOLIDATION, CHANGE IN CONTROL, OR DISSOLUTION OF THE ORGANIZATION; THE ANNUAL BUDGET REVIEW; AND THE CREATION OF CLINICAL PROGRAMS, BUSINESS UNITS, PRACTICE SITES, SUBSIDIARIES, PARTNERSHIPS OR JOINT VENTURES. |
| FORM 990, PART VI, SECTION B, LINE 11B | AFTER THE FORM 990 IS PREPARED BY THE INTERNAL ACCOUNTING DEPARTMENT AND THE EXTERNAL PREPARER AND BEFORE IT IS FILED WITH THE IRS, IT IS REVIEWED AS FOLLOWS: IT IS REVIEWED IN DETAIL BY THE CONTROLLER AND THE CHIEF FINANCIAL OFFICER; IT IS THEN PROVIDED TO THE BOARD'S AUDIT COMMITTEE IN ADVANCE OF A COMMITTEE MEETING AT WHICH THE EXTERNAL PREPARER PRESENTS AN OVERVIEW OF THE PREPARED FORM AND RESPONDS TO ANY QUESTIONS OR COMMENTS; FOLLOWING THE AUDIT COMMITTEE'S APPROVAL OF THE FILING OF THE FORM, IT IS PROVIDED TO THE FULL BOARD FOR VIEWING AND COMMENT. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE BOARD'S CONFLICT OF INTEREST POLICY COVERS BOARD DIRECTORS, NON-DIRECTOR MEMBERS OF BOARD COMMITTEES, AND OFFICERS AND EXECUTIVE-LEVEL EMPLOYEES OF THE ORGANIZATION. DETERMINATIONS AS TO WHETHER A CONFLICT OF INTEREST EXISTS WITH REGARD TO AN ARRANGEMENT, TRANSACTION OR DISCLOSURE ARE MADE BY THE COMPLIANCE OFFICER OR THE DISINTERESTED MEMBERS OF THE BOARD OR A BOARD COMMITTEE IF THE ARRANGEMENT IS CONSIDERED BY THE BOARD OR BOARD COMMITTEE. ACTUAL CONFLICTS ARE REVIEWED BY DISINTERESTED MEMBERS OF THE BOARD OR A BOARD COMMITTEE, OR THE CEO OR CFO, FOR A DETERMINATION AS TO WHETHER THE ARRANGEMENT MAY BE APPROVED AND WHETHER A CONFLICT MANAGEMENT PLAN IS REQUIRED. IN ADDITION TO THEIR ONGOING OBLIGATION TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST THAT ARISE AT ANY TIME, COVERED PERSONS ARE REQUIRED ANNUALLY TO RECEIVE THE CONFLICT OF INTEREST POLICY, CERTIFY THEIR AGREEMENT WITH THE POLICY, AND COMPLETE A DISCLOSURE SURVEY REGARDING ANY INTERESTS OR RELATIONSHIPS THAT COULD GIVE RISE TO A CONFLICT OF INTEREST WITH REGARD TO THEIR DUTIES TO THE ORGANIZATION. ALL ANNUAL DISCLOSURE SURVEYS ARE REVIEWED BY THE COMPLIANCE OFFICER AND ANY DISCLOSURES INDICATING A CONFLICT OF INTEREST ARE PRESENTED TO THE AUDIT COMMITTEE OF THE BOARD FOR A DETERMINATION AS TO WHETHER A CONFLICT MANAGEMENT PLAN IS REQUIRED. A CONFLICT MANAGEMENT PLAN, FOR EXAMPLE, MAY REQUIRE RECUSAL OF THE COVERED PERSON FROM ANY DISCUSSION, VOTE OR OTHER DECISION-MAKING WITH REGARD TO ANY MATTER FOR WHICH THE CONFLICT EXISTS. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS ("ECC") IS RESPONSIBLE FOR REVIEWING AND APPROVING THE COMPENSATION AND BENEFITS OF THE CEO AND CERTAIN OTHER SENIOR EXECUTIVES OR LEADERS. THE ECC IS CHAIRED BY THE BOARD CHAIR, AND THE ADDITIONAL VOTING MEMBERS OF THE COMMITTEE ARE ALL INDEPENDENT BOARD DIRECTORS, ALL OF WHOM ARE DETERMINED TO BE WITHOUT A CONFLICT OF INTEREST AS DEFINED BY IRS REGULATIONS SECTION 53.4958-6(C)(1)(III). THE ECC RELIES ON INDEPENDENT, THIRD-PARTY COMPENSATION EXPERTS TO PROVIDE ANALYSIS OF COMPENSATION LEVELS AND PACKAGES, USING FAIR MARKET VALUE PRINCIPLES CONSISTENT WITH IRS REQUIREMENTS. IT ALSO USES INDEPENDENT NATIONAL AND LOCAL SURVEYS APPLICABLE TO ACADEMIC MEDICINE TO ASSESS COMPARABLE COMPENSATION BENCHMARKS. THE ECC APPROVES THE TOTAL COMPENSATION AND BENEFITS PACKAGE, OR A MARKET RANGE FOR ELEMENTS OF THE TOTAL COMPENSATION PACKAGE FOR EXECUTIVE OFFICERS, AND REQUIRES THAT SUCH COMPENSATION RANGES ARE FAIR MARKET VALUE AND REASONABLE IN ACCORDANCE WITH APPLICABLE REQUIREMENTS. THE DECISIONS OF THE ECC ARE CONTEMPORANEOUSLY DOCUMENTED IN MEETING MINUTES AND PROVIDED TO THE BOARD. THE ECC REVIEWS AND APPROVES ALL COMPENSATION FOR NEWLY HIRED OFFICERS AND CONDUCTS REGULARLY SCHEDULED REVIEWS OF THE TOTAL COMPENSATION OFFERED TO ALL EXECUTIVE OFFICER POSITIONS ON AN ANNUAL BASIS. IT ALSO ENGAGES A THIRD-PARTY, EXTERNAL COMPENSATION EXPERT TO CONDUCT PERIODIC REVIEWS OF COMPENSATION PACKAGES OFFERED TO EXECUTIVES USING A BI-ANNUAL, ROTATING CALENDAR CYCLE FOR ALL EXECUTIVE OFFICER POSITIONS. ON AN ANNUAL BASIS, THE ECC CONDUCTS A PERFORMANCE REVIEW OF THE CEO AND DETERMINES ANY ADJUSTMENTS TO THE CEO'S COMPENSATION BASED ON THE PERFORMANCE REVIEW AND A REVIEW OF COMPARABILITY DATA. THROUGH THE ECC, THE BOARD HAS DELEGATED TO THE CEO THE ACCOUNTABILITY TO CONDUCT ANNUAL PERFORMANCE REVIEWS OF EXECUTIVE OFFICERS AND DETERMINE COMPENSATION WITHIN MARKET RANGES THAT HAVE BEEN APPROVED BY THE ECC FOR EXECUTIVE OFFICERS. ANY COMPENSATION PACKAGES EXCEEDING THE APPROVED MARKET RANGES MUST BE APPROVED, IN ADVANCE, BY THE ECC. |
| FORM 990, PART VI, SECTION C, LINE 19 | DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC AS REQUIRED BY LAW. |
| FORM 990, PART IX, LINE 1 | UMPHYSICIANS MAKES VOLUNTARY TRANSFERS TO THE UNIVERSITY OF MINNESOTA MEDICAL SCHOOL TO SUPPORT RESEARCH, EDUCATION AND CLINICAL EXPENSES. BECAUSE THESE TRANSFERS ARE VOLUNTARY, THEY HAVE BEEN REPORTED ON PART IX, LINE 1 AS GRANTS. THEY HAVE ALSO BEEN REPORTED ON SCHEDULE I AS GRANTS. |
| FORM 990, PART XI, LINE 9: | LOSS ON EQUITY INVESTMENT -28,820,372. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UMPHYSICIANS MANAGEMENT COMPANY LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 720 WASHINGTON AVE SE STE 200 | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55414 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 273616692 | EIN |
| Primary Activities | MANAGEMENT | PrimaryActivitiesTxt |
| Legal Domicile State | MN | LegalDomicileStateCd |
| Total Income | $0 | TotalIncomeAmt |
| End Of Year Assets | $0 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UMP | BusinessNameLine1Txt |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY OF MINNESOTA | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1425 UNIVERSITY AVE SE | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55455 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 416007513 | EIN |
| Primary Activities | PUBLIC UNIVERSITY | PrimaryActivitiesTxt |
| Legal Domicile State | MN | LegalDomicileStateCd |
| Exempt Code Section | 115 | ExemptCodeSectionTxt |
| Public Charity Status | N/A | PublicCharityStatusTxt |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Controlled Organization | 0 | ControlledOrganizationInd |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UMP ASSURANCE COMPANY | BusinessNameLine1Txt |
Foreign Address ForeignAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | BUCKINGHAM SQUARE 720 WEST BAY RD | AddressLine1Txt |
| Province Or State | GRAND CAYMAN | ProvinceOrStateNm |
| Country | CJ | CountryCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 980445809 | EIN |
| Primary Activities | SELF-INSURANCE | PrimaryActivitiesTxt |
| Legal Domicile Foreign Country | CJ | LegalDomicileForeignCountryCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UMPHYSICIANS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C | EntityTypeTxt |
| Share Of Total Income | $14,743,490 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $55,230,965 | ShareOfEOYAssetsAmt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| 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 | Yes (1) | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (1) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (1) | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (1) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (2 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| UNIV OF MN PHYSICIANS ASSURANCE COMPANY | ||
| P | $14,743,490 | ACTUAL COST |
| UNIV OF MN PHYSICIANS ASSURANCE COMPANY | ||
| Q | $4,403,514 | ACTUAL COST |