2025-05-14T14:01:30+00:00 2024-06-30 440160260 Forvis Mazars LLP 500 Ridgefield Court Asheville NC 28806 990 2023-07-01 300895040 MUSC STRATEGIC VENTURES MUSC 8437924000 1 POSTON ROAD STE 350 CHARLESTON SC 29407 DOUG LISCHKE CFO 2025-05-14 true Jeremy Naess P01306905 8282542254 2025-05-14 2023 2025-03-06 01:10:19Z X PATRICK CAWLEY 22 WESTEDGE CHARLESTON SC 29403 4290541 false X NONE AT PRESENT X 2015 SC TO PROMOTE AND SUPPORT THE EDUCATIONAL, MEDICAL, SCIENTIFIC, AND RESEARCH PURPOSES OF THE MEDICAL UNIVERSITY OF SOUTH CAROLINA "MUSC", AND UNIVERSITY MEDICAL ASSOCIATES OF THE MEDICAL UNIVERSITY OF SOUTH CAROLINA "UMA", INCLUDING THEIR COLLABORATIONS WITH MEDICAL UNIVERSITY HOSPITAL AUTHORITY "MUHA". 9 4 0 0 0 0 0 0 1695306 645103 1660313 1690205 1901109 1955233 5256728 4290541 0 0 0 0 0 0 0 0 0 3962839 4825272 3962839 4825272 1293889 -534731 104807844 105017613 80517616 81262116 24290228 23755497 TO PROMOTE AND SUPPORT THE EDUCATIONAL, MEDICAL, SCIENTIFIC, AND RESEARCH PURPOSES OF THE MEDICAL UNIVERSITY OF SOUTH CAROLINA "MUSC", AND UNIVERSITY MEDICAL ASSOCIATES OF THE MEDICAL UNIVERSITY OF SOUTH CAROLINA "UMA", INCLUDING THEIR COLLABORATIONS WITH MEDICAL UNIVERSITY HOSPITAL AUTHORITY "MUHA", TO OPERATE FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF AND TO CARRY OUT THE TAX-EXEMPT PURPOSE OF MUSC AND UMA, AND ANY OTHER EXISTING OR FUTURE TAX-EXEMPT AFFILIATES OF MUSC OR UMA; AND TO PROMOTE, ESTABLISH, CONDUCT AND MAINTAIN ACTIVITIES ON ITS OWN BEHALF, OR IN COLLABORATIONS OR VENTURES WITH OTHERS, AS SUCH MAY CONTRIBUTE TO OR OTHERWISE SUPPORT AND ASSIST MUSC OR UMA, OR ANY OTHER EXISTING OR FUTURE TAX-EXEMPT AFFILIATES OF MUSC OR UMA, ALL IN ACCORDANCE WITH LAW AND REQUIREMENTS UNDER THE MEANING OF SECTION 501(C)(3) OF THE IRC AND SHALL NOT CARRY ON ANY ACTIVITY NOT PERMITTED UNDER SUCH STATUTE. false false 1944314 2600336 MUSC STRATEGIC VENTURES WILL PERFORM FUNCTIONS THAT WOULD OTHERWISE HAVE TO BE PERFORMED BY MUSC AND UMA WHICH WILL INVOLVE DETERMINING AND IMPLEMENTING STRATEGIES THAT ENABLE MUSC AND UMA (ALONG WITH MUHA) TO COLLECTIVELY COLLABORATE WITH HIGH QUALITY AFFILIATED HEALTH CARE PROVIDERS; PROVIDE EDUCATION WITH RESPECT TO HEALTH CARE TO COMMUNITIES AND PROVIDERS; IMPROVE ACCESS TO HIGH QUALITY HEALTH CARE FOR THE CITIZENRY OF SOUTH CAROLINA; ESTABLISH AND DEPPEN RELATIONSHIPS WITH MUSC AND UMA AFFILIATES; OPTOMIZE STATE-OF-THE-ART INFORMATION TECHNOLOGY AND COMMUNICATION SYSTEMS TO LEVERAGE EXPERTISE; UTILIZE PERFORMANCE IMPROVEMENT METHODOLOGIES TO ACHIEVE OPTIMAL OUTCOMES FOR POPULATIONS; AND GENERALLY DRIVE OTHER INITIATIVES TO PROMOTE THE SHARED MISSION OF MUSC AND UMA. 1944314 true false false false false false false false false true true false true true true true true false false false false false false false false false false false true false false false false false false false false false false false false false true true false false false true 0 0 0 false false false false false false false false false false false false X 9 4 true false false false false false false true true false false false true true true false false true true false SC X CAROL TIDWELL 8438768745 1 Poston Road STE 350 Charleston SC 29407 PATRICK CAWLEY CEO & DIRECTOR 10.0 40.0 X X 0 1155482 40789 CHARLES SCHULZE DIRECTOR 2.0 5.0 X 0 500 0 DAVID COLE DIRECTOR 2.0 5.0 X 0 1497562 17195 DON JOHNSON II CHAIR & DIRECTOR 3.0 5.0 X 0 500 0 DONNA JOHNSON DIRECTOR 2.0 5.0 X 0 646561 75500 JAMES LEMON DIRECTOR 2.0 5.0 X 0 500 0 KATHERINE HALTIWANGER SECRETARY 2.0 5.0 X 0 240112 14659 RICHARD CHRISTIAN DIRECTOR 2.0 5.0 X 0 500 0 TERRY STEYER DIRECTOR 2.0 5.0 X 0 893089 19380 0 4434806 167523 0 false true false 0 0 MANAGEMENT INCOME 561499 1656830 1656830 SCHHA LLC 523999 -75552 -75552 MUSC CANCER CARE NETWORK 523999 -936175 -936175 0 0 0 0 645103 1690205 1690205 1955233 1955233 0 1955233 1955233 0 0 0 0 0 0 0 4290541 2600336 0 1690205 1944314 1944314 599536 599536 0 0 0 0 1202030 1202030 910136 910136 INSURANCE 156305 156305 OTHER 12951 12951 0 0 0 0 4825272 1944314 2880958 0 4747720 798081 0 0 700000 700000 51485003 2774789 49618091 48710214 44307630 42187549 0 5434403 12621769 104807844 105017613 0 80517616 81262116 80517616 81262116 X 24290228 23755497 24290228 23755497 104807844 105017613 -534731 0 X X false true X true false X X X 2 MEDICAL UNIVERSITY OF SOUTH CAROLINA 576000722 2 true 0 0 UNIVERSITY MEDICAL ASSOCIATES 570935917 3 true 0 0 2 0 0 true false false false false false false false false false false false false false false true false 7174665 7174665 44310338 2774789 41535549 48710214 SCHHA PARTNERSHIP 1122349 C MUSC CANCER CARE NETWORK -105916 C LEASE RECEIVABLE 40178760 C ELLIS OAKS 992356 C 42187549 DUE FROM RELATED ENTITIES 12277069 OTHER ASSETS 344700 12621769 ACCRUED PAYABLES 46001 BOND PAYABLE ON CAC 38549752 DUE TO RELATED PARTIES 5508733 DEFERRED INFLOW RELATED TO LEASES 37157630 81262116 X 4290541 0 0 4290541 0 0 4290541 4825272 0 0 4825272 0 0 4825272 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote MSV IS EXEMPT FROM FEDERAL AND STATE INCOME TAX UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). AS SUCH, MSV IS GENERALLY NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES. HOWEVER, MSV REMAINS SUBJECT TO INCOME TAXES ON ANY NET INCOME THAT IS DERIVED FROM A TRADE OR BUSINESS, REGULARLY CARRIED ON, AND NOT IN FURTHERANCE OF THE PURPOSE FOR WHICH IT WAS GRANTED EXEMPTION. false false false false false false false false false PATRICK CAWLEY CEO & DIRECTOR 0 1155482 0 0 0 0 0 30000 0 10789 0 1196271 0 0 DAVID COLE DIRECTOR 0 1497562 0 0 0 0 0 0 0 17195 0 1514757 0 0 TERRY STEYER DIRECTOR 0 893089 0 0 0 0 0 0 0 19380 0 912469 0 0 DONNA JOHNSON DIRECTOR 0 646561 0 0 0 0 0 55733 0 19767 0 722061 0 0 KATHERINE HALTIWANGER SECRETARY 0 240112 0 0 0 0 0 0 0 14659 0 254771 0 0 Form 990, Part VI, Line 15 IN APPROVING THE ENTITY'S ANY SUCH COMPENSATION AGREEMENTS IN THE FUTURE, IN THE NORMAL COURSE THE ENTITY WOULD EXPECT TO UTILIZE INFORMATION ABOUT COMPENSATION (1) FROM INFORMATION PAID BY SIMILARLY-SITUATED TAX-EXEMPT OR TAXABLE ORGANIZATIONS FOR SIMILAR SERVICES, (2) FROM CURRENT COMPENSATION SURVEYS COMPILED BY INDEPENDENT FIRMS, AND/OR (3) ACTUAL WRITTEN OFFERS FROM SIMILARLY-SITUATED ORGANIZATIONS. IT IS CONCEIVABLE, THAT IN PARTICULAR CIRCUMSTANCES, THE ENTITY MAY NOT BE ABLE TO READILY DEVELOP SUCH INFORMATION, IT WILL BE SELF-EVIDENT THAT PROPOSED COMPENSATION DOES NOT EXCEED A REASONABLE AMOUNT IN THE CIRCUMSTANCES, OR THAT THE AMOUNT PROPOSED TO BE PAID AS COMPENSATION IS SO INSUBSTANTIAL THAT THE ADVANCE INVESTMENT OF RESOURCES TO SUCH ENDS WOULD ACTUALLY EXCEED THE AGGREGATE COMPENSATION (AND COMMENSURATE BENEFIT TO THE ENTITY) BEING PROPOSED. NONETHELESS, EVEN IN SUCH CASES, THE ENTITY WILL REQUIRE THAT ANY SUCH COMPENSATION ARRANGEMENTS BE REASONABLE IN AMOUNT (IN VIEW OF THE RETURN SERVICES TO BE PROVIDED) AND APPROVED BY DISINTERESTED MEMBERS OF THE BOARD OF DIRECTORS (OR A COMMITTEE THEREOF) OR BY DISINTERESTED MANAGERS OF THE ENTITY WHO HAVE BEEN DELEGATED SUCH AUTHORITY BY THE BOARD OR A COMMITTEE THEREOF, BEFORE ANY SUCH COMPENSATION COULD BE PROVIDED. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons BUSINESS RELATIONSHIPS EXIST BETWEEN BOARD MEMBERS DUE TO THEIR INVOLVEMENT WITH AFFILATED ENTITIES AT MUSC, UMA, AND MUHA. - Form 990, Part VI, Line 11b Review of form 990 by governing body COPIES OF THE FORM 990 WILL BE MADE AVAILABLE FOR BOARD MEMBERS AT THE EARLIEST AVAILABLE BOARD MEETING. IN ADDITION, ALL RECORDS, DOCUMENTS, ETC. AND ACCESS TO STAFF, EMPLOYEES, ASSOCIATES, CONSULTANTS, VENDORS, ETC OF THE CORPORATION SHALL BE AVAILABLE FOR REVIEW/AUDIT BY MEDICAL UNIVERSITY OF SOUTH CAROLINA'S INTERNAL AUDITOR OR HIS OR HER DESIGNEE. Form 990, Part VI, Line 12c Conflict of interest policy THE ENTITY'S BOARD OF DIRECTORS HAS APPROVED THE CONFLICTS OF INTEREST POLICY INCORPORATED WITH THE BYLAWS DESCRIBED AS FOLLOWS. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST WHICH WILL OR REASONALBY IMPACT AN INTERESTED PERSON'S FINANCIAL INTEREST, SUCH PERSON MUST DISCLOSE THE EXISTENCE OF HIS/HER FINANCIAL INTEREST AND THE MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH BOARD-DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD MEETING, BUT AFTER SUCH PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST. THE CHAIRPERSON OF THE BOARD SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE BOARD SHALL DETERMINE WHETHER THE CORPORATION CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY ATTAINABLE UNDER CIRCUMSTANCES THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST, THE BOARD SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE CORPORATION'S BEST INTEREST AND FOR ITS OWN BENEFIT AND WHETHER THE TRANSACTION IS FAIR AND REASONABLE TO THE CORPORATION AND SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT IN CONFORMITY WITH SUCH DETERMINATION. IF THE BOARD HAS REASONABLE CAUSE TO BELIEVE THAT A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE BOARD OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE RESPONSE OF THE MEMBER AND MAKING SUCH FURTHER INVESTIGATION AS MAY BE WARRANTED IN THE CIRCUMSTANCES, THE BOARD DETERMINES THAT THE MEMBER HAS IN FACT FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. Form 990, Part VI, Line 19 Required documents available to the public ALL GOVERNING DOCUMENTS FOR THE CORPORATION ARE AVAILABLE UPON REQUEST BY CONTACTING CUSTODIAN NOTED IN LINE 20 BELOW. Form 990, Part XII, Line 2c Change of oversight process or selection process This process has not changed from the prior year. MUSC 171 ASHLEY AVE CHARLESTON SC 29425 300895040 MEDICAL SC 501(c)(3) 3 NA false UNIVERSITY MEDICAL ASSOCIATES OF THE MEDICAL UNIVERSITY OF SOUTH CAROLINA 1 POSTON ROAD STE 350 CHARLESTON SC 29407 570935917 SUPPORT EDUCATIONAL, MEDICAL, SCIENTIFIC AND RESEARCH PURPOSES OF MUSC SC 501(c)(3) 11 NA false MEDICAL UNIVERSITY HOSPITAL AUTHORITY 169 ASHLEY AVE CHARLESTON SC 29425 571098556 MEDICAL SC 501(c)(3) 3 NA false MSV HEALTH INC 1 POSTON ROAD STE 350 CHARLESTON SC 29407 814543715 HEALTHCARE DE NA C Corporation 3477887 29795167 1 false false false false false false false false false false false false false true false false true false false false