2017-08-14T09:36:31-05:00 2016-09-30 030225774 GALLAGHER FLYNN & COMPANY LLP 55 COMMUNITY DRIVE SUITE 401 SOUTH BURLINGTON VT 05403 990 2015-10-01 030229931 UNIVERSITY HEALTH CENTER INC C/O STEPHEN P ADAMS UNIV 8028472550 716 SHAW HILL RD STOWE VT 05672 STEPHEN P ADAMS MD SECRETARY/TREASURER 8022234188 2017-08-08 1 MICHAEL S KELLER CPA P00867541 8028631331 2015 2021-01-29 14:40:06Z X STEPHEN P ADAMS MD 716 SHAW HILL RD STOWE VT 05672 7157166 0 X N/A X 1972 VT ADMINISTRATION OF FUNDS FOR USE BY VARIOUS CLINICAL PRACTICES OF FLETCHER ALLEN HEALTH CARE AND SIMILAR DEPARTMENTS AT UNIVERSITY OF VERMONT COLLEGE OF MEDICINE 7 7 0 0 0 0 0 0 0 0 1594544 413251 918970 628003 2513514 1041254 1454538 1436986 0 0 30000 37197 0 0 0 146593 129590 1631131 1603773 882383 -562519 30055424 29359401 393555 260536 29661869 29098865 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. 0 0 1572605 1436986 0 ADMINISTRATION OF FUNDS FOR USE BY VARIOUS PRACTICES OF THE UNIVERSITY OF VERMONT MEDICAL CENTER AND SIMILAR DEPARTMENTS AT THE UNIVERSITY OF VERMONT COLLEGE OF MEDICINE 1572605 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 5 0 1 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 1 0 0 X STEPHEN ADAMS 8022534188 716 SHAW HILL ROAD STOWE VT 05672 MARJORIE MEYER MD PRESIDENT 2.00 X X 0 438046 131414 CLAUDE NICHOLS MD CHAIR 2.00 X X 0 749582 224875 STEPHEN P ADAMS MD SECRETARY/ TREASURER 5.00 X X 37197 0 0 MARK CAPELESS MD DIRECTOR 2.00 X 0 342429 102729 JAMES HEBERT MD DIRECTOR 2.00 X 0 454685 136406 SHARON MOUNT MD DIRECTOR 2.00 X 0 232898 69869 ROBERT SHAPIRO MD DIRECTOR 2.00 X 0 195730 58719 JAMES VECCHIO MD DIRECTOR 2.00 X 0 498133 149440 37197 2911503 873452 0 0 1 0 0 21925 21925 6507238 6115912 391326 391326 391326 REGISTERED INVESTMENT COMPANY INV 900099 628003 628003 628003 1041254 0 0 1041254 1436986 1436986 37197 37197 25250 25250 836 418 418 11000 5500 5500 84447 84447 8057 8057 1603773 1572605 31168 0 253749 544786 29674780 28693067 126895 121548 30055424 29359401 16016 10782 377539 249754 393555 260536 X 5821760 5816719 23840109 23282146 29661869 29098865 30055424 29359401 X -562519 -485 X 0 1 X 0 0 X X 2 UNIVERSITY OF VERMONT MEDICAL CENTER 030219309 3 1 1015886 0 UNIVERSITY OF VERMONT & STATE AGRICULTURAL COLLEGE 030179440 5 1 421100 0 2 1436986 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X 1 1 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 D, 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 D, 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. 0 M&T INVESTMENT GROUP 28693067 C 28693067 DEFERRED COMPENSATION 121548 COMMITTED FUNDS FOR THE BENEFIT OF OTHERS 128206 249754 X 103227 2019538 2019538 -1916311 2957565 2957565 1041254 40163 0 40163 1563610 1563610 1603773 PART X, LINE 2: WHEN TAX RETURNS ARE FILED, IT IS HIGHLY CERTAIN THAT SOME POSITIONS TAKEN WOULD BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHERS ARE SUBJECT TO UNCERTAINTY ABOUT THE MERITS OF THE POSITION TAKEN OR THE AMOUNT OF THE POSITION THAT WOULD BE ULTIMATELY SUSTAINED. THE BENEFIT OF A TAX POSITION IS RECOGNIZED IN THE FINANCIAL STATEMENTS IN THE PERIOD DURING WHICH, BASED ON ALL AVAILABLE EVIDENCE, MANAGEMENT BELIEVES IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING THE RESOLUTION OF APPEALS OR LITIGATION PROCESSES, IF ANY. TAX POSITIONS TAKEN ARE NOT OFFSET OR AGGREGATED WITH OTHER POSITIONS. TAX POSITIONS THAT MEET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD ARE MEASURED AS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS MORE THAN 50% LIKELY OF BEING REALIZED UPON SETTLEMENT WITH THE APPLICABLE TAXING AUTHORITY. THE PORTION OF THE BENEFITS ASSOCIATED WITH TAX POSITIONS TAKEN THAT EXCEEDS THE AMOUNT MEASURED AS DESCRIBED ABOVE IS REFLECTED AS A LIABILITY FOR UNRECOGNIZED TAX BENEFITS IN THE ACCOMPANYING BALANCE SHEET ALONG WITH ANY ASSOCIATED INTEREST AND PENALTIES THAT WOULD BE PAYABLE TO THE TAXING AUTHORITIES UPON EXAMINATION. INTEREST AND PENALTIES ASSOCIATED WITH UNRECOGNIZED TAX BENEFITS ARE CLASSIFIED AS ADDITIONAL INCOME TAXES IN THE STATEMENTS OF ACTIVITIES. UHC FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. AS OF SEPTEMBER 30, 2015 AND 2014, THERE WERE NO MATERIAL UNRECOGNIZED/DERECOGNIZED TAX BENEFITS OR TAX PENALTIES OR INTEREST. WITH FEW EXCEPTIONS, UHC IS NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE THE YEAR ENDED SEPTEMBER 30, 2012. PART XI, LINE 4B - OTHER ADJUSTMENTS: INTEREST AND DIVIDEND INCOME ON INVESTMENTS HELD FOR OTHERS 628,003. REALIZED AND UNREALIZED GAIN ON INVESTMENTS HELD FOR OTHERS 2,329,562. PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATED EXPENSES ON INVESTMENTS HELD FOR OTHERS 126,630. GRANTS AND ALLOCATIONS ON FUNDS HELD FOR OTHERS - CASH 1,436,980. 1 UVMMC NEUROLOGY DEPARTMENT 111 COLCHESTER AVENUE BURLINGTON VT 05401 030219309 501(C)(3) 30938 GENERAL SUPPORT UVMMC FAMILY PRACTICE 111 COLCHESTER AVENUE BURLINGTON VT 05401 030219309 501(C)(3) 48110 GENERAL SUPPORT UVMMC MEDICINE DEPARTMENT 111 COLCHESTER AVENUE BURLINGTON VT 05401 030219309 501(C)(3) 73890 GENERAL SUPPORT UVMMC GIVEN HEALTH 111 COLCHESTER AVENUE BURLINGTON VT 05401 030219309 501(C)(3) 24200 GENERAL SUPPORT UVMMC OBGYN 111 COLCHESTER AVENUE BURLINGTON VT 05401 030219309 501(C)(3) 100635 GENERAL SUPPORT UVMMC ORTHOPEDICSREHAB 111 COLCHESTER AVENUE BURLINGTON VT 05401 030219309 501(C)(3) 182852 GENERAL SUPPORT UVMMC SURGERY 111 COLCHESTER AVENUE BURLINGTON VT 05401 030219309 501(C)(3) 292281 GENERAL SUPPORT UVMMC PSYCHIATRY 111 COLCHESTER AVENUE BURLINGTON VT 05401 030219309 501(C)(3) 34498 GENERAL SUPPORT UVMMC PATHOLOGY 111 COLCHESTER AVENUE BURLINGTON VT 05401 030219309 501(C)(3) 228482 GENERAL SUPPORT UNIVERSITY OF VERMONT- MEDICINE 85 SOUTH PROSPECT STREET BURLINGTON VT 05401 030179440 501(C)(3) 43050 GENERAL SUPPORT UNIVERSITY OF VERMONT- SURGERY 85 SOUTH PROSPECT STREET BURLINGTON VT 05401 030179440 501(C)(3) 310000 GENERAL SUPPORTGENERAL SUPPORT UNIVERSITY OF VERMONT- GIVEN 85 SOUTH PROSPECT STREET BURLINGTON VT 05401 030179440 501(C)(3) 43050 GENERAL SUPPORT UNIVERSITY OF VERMONT- RESEARCH GRANT 85 SOUTH PROSPECT STREET BURLINGTON VT 05401 030179440 501(C)(3) 25000 GENERAL SUPPORT PART I, LINE 2: MANAGEMENT HAS ONGOING INTERACTION WITH GRANTEES AND REVIEWS GRANTEE PERFORMANCE AT MINIMUM ON AN ANNUAL BASIS. 0 0 0 0 0 0 0 0 0 MARJORIE MEYER MD PRESIDENT 0 438046 0 0 0 0 0 0 0 131414 0 569460 0 0 CLAUDE NICHOLS MD CHAIR 0 749582 0 0 0 0 0 0 0 224875 0 974457 0 0 MARK CAPELESS MD DIRECTOR 0 342429 0 0 0 0 0 0 0 102729 0 445158 0 0 JAMES HEBERT MD DIRECTOR 0 454685 0 0 0 0 0 0 0 136406 0 591091 0 0 SHARON MOUNT MD DIRECTOR 0 232898 0 0 0 0 0 0 0 69869 0 302767 0 0 ROBERT SHAPIRO MD DIRECTOR 0 195730 0 0 0 0 0 0 0 58719 0 254449 0 0 JAMES VECCHIO MD DIRECTOR 0 498133 0 0 0 0 0 0 0 149440 0 647573 0 0 FORM 990, PART VI, SECTION B, LINE 11 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: ADDITIONAL UNREALIZED ADJUSTMENTS -485. 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 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 UNIVERSITY OF VERMONT MEDICAL CENTER B 1015886 CASH SUPPORT UNIVERSITY OF VERMONT & STATE AGRICULTURAL COLLEGE B 421100 CASH SUPPORT