MCV ASSOCIATED PHYSICIANS: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- MCV ASSOCIATED PHYSICIANS (EIN 54-1581185)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-05-13
- IRS object ID
- 201411339349300811
- Schema version
- 2012v2.3
- 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) |
|---|---|---|
| Timestamp | 2014-05-13T07:24:17-05:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KPMG LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1676 International Drive | AddressLine1 |
| City | McLean | City |
| State | VA | State |
| ZIP Code | 22102 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 541581185 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCV ASSOCIATED PHYSICIANS | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of Name | % KEITH PURCELL | InCareOfName |
| Name Control | MCVA | NameControl |
| Phone | 8048278400 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 980620 | AddressLine1 |
| Address Line2 | Suite | AddressLine2 |
| City | RICHMOND | City |
| State | VA | State |
| ZIP Code | 232980510 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | AMY S SEBRING | Name |
| Title | EXECUTIVE DIRECTOR & TREASURER | Title |
| Phone | 8048278400 | Phone |
| Date Signed | 2014-04-21 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7032868000 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
Doing Business As DoingBusinessAs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCV PHYSICIANS | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | AMY S SEBRING | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 830 East Main St Suite 1900 | AddressLine1 |
| City | Richmond | City |
| State | VA | State |
| ZIP Code | 23219 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 357223450 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.VCUHEALTH.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1991 | YearFormation |
| State Legal Domicile | VA | StateLegalDomicile |
| Activity Or Mission Description | THE ORGANIZATION FUNCTIONS AS THE GROUP PRACTICE PLAN FOR THOSE PROFESSIONALS WHO HAVE FACULTY APPOINTMENTS IN VCU SCHOOL OF MEDICINE, SUPPORTING MEDICAL TEACHING AND THE NEEDS OF THE INDIGENT POPULATION. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 11 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 3 | NbrIndependentVotingMembers |
| Total Nbr Employees | 1512 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Prior Year | 3448578 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 3715799 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 241476533 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 263601068 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 2029308 | InvestmentIncomePriorYear |
| Investment Income Current Year | 4649683 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 630077 | OtherRevenuePriorYear |
| Other Revenue Current Year | 9790651 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 247584496 | TotalRevenuePriorYear |
| Total Revenue Current Year | 281757201 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 2296892 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 1776341 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 219976069 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 239706597 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 19834936 | OtherExpensePriorYear |
| Other Expenses Current Year | 23282781 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 242107897 | TotalExpensesPriorYear |
| Total Expenses Current Year | 264765719 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 5476599 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 16991482 | RevenuesLessExpensesCY |
| Total Assets BOY | 148222961 | TotalAssetsBOY |
| Total Assets EOY | 174116231 | TotalAssetsEOY |
| Total Liabilities BOY | 42094129 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 45014590 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 106128832 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 129101641 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE ORGANIZATION FUNCTIONS AS THE GROUP PRACTICE PLAN FOR THOSE PHYSICIANS AND HEALTHCARE PROFESSIONALS WHO HAVE FACULTY APPOINTMENTS IN VCU SCHOOL OF MEDICINE SUPPORTING MEDICAL TEACHING AND THE NEEDS OF THE INDIGENT POPULATION. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 261966515 | Expense |
| Grants | 1776341 | Grants |
| Revenue | 263601068 | Revenue |
| Description | MCV ASSOCIATED PHYSICIANS D/B/A MCV PHYSICIANS (MCVP) IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF VIRGINIA COMMONWEALTH UNIVERSITY (VCU), A TAX-EXEMPT ORGANIZATION UNDER INTERNAL REVENUE CODE (IRC) SECTION 115 AS DESCRIBED IN IRC SECTION 170(C)(1). ON JULY 1, 2000, MCVP BECAME PART OF THE VCU HEALTH SYSTEM ALONG WITH THE MCV HOSPITAL AUTHORITY. MCVP WAS FORMED AND OPERATES AS AN INTERNAL REVENUE CODE 509(A)(3) SUPPORTING ORGANIZATION OF THE MEDICAL COLLEGE OF VIRGINIA (MCV)/VIRGINIA COMMONWEALTH UNIVERSITY(VCU), A STATE MEDICAL SCHOOL AND UNIVERSITY. MCVP ALSO SERVES THE ONLY BURN CENTER AND FULL RANGE CANCER CENTER IN THE AREA. IN SUPPORT OF THE MEDICAL SCHOOL, MCVP PROVIDES ESSENTIAL SERVICES TO AND WORKS CLOSELY WITH THE VCU HEALTH SYSTEM - MCV HOSPITAL; A DIVISION OF MCV/VCU AND AFFILIATED AMBULATORY CARE CENTERS. THE VCU HEALTH SYSTEM - MCV HOSPITAL OPERATES ONE OF THE FEW REMAINING HOSPITAL FACILITIES IN THE HIGHLY INDIGENT INNER-CITY AREA OF RICHMOND, VA AS WELL AS SURROUNDING COMMUNITY LOCATIONS. IT SERVES AS ONE OF THE BUSIEST LEVEL I TRAUMA CENTERS ON THE EAST COAST. MORE THAN 50% OF THE PATIENTS SERVED ARE FROM THE CITY OF RICHMOND AND REPRESENT A HIGHLY INDIGENT POPULATION. IN GENERAL, AN INDIGENT PATIENT RESULTS IN A MUCH MORE EXPENSIVE PATIENT TO TREAT FOR SEVERAL REASONS: 1) THE PATIENT HAS NOT REQUESTED OR RECEIVED PREVENTIVE MEDICINE, AND 2) THE PATIENT IS GENERALLY SICKER BECAUSE THE PREVENTIVE MEDICINE WAS NOT AFFORDABLE. IN FACT, THE MAJORITY OF PATIENTS USE THE VCU HEALTH SYSTEM EMERGENCY CENTER AS THEIR FIRST STOP FOR PRIMARY CARE. DURING THE FISCAL YEAR ENDING 6/30/2013, THE ASSOCIATION PROVIDED UNSUBSIDIZED AND UN-REIMBURSED COSTS IN THE AMOUNT OF $1,173,690. THE ASSOCIATION ALSO HAS RESPONSIBILITY FOR THE ADMINISTRATION AND MANAGEMENT OF ALL AMBULATORY CARE FACILITIES. EACH AMBULATORY CENTER IS CONSOLIDATED UNDER 1 PHYSICIAN AND 1 NON-PHYSICIAN TEAM. | Description |
| Total Program Service Expense | 261966515 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | true | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | false | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | true | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | true | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 651 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 1512 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Excess Business Holdings | false | ExcessBusinessHoldings |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 11 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 3 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | true | MembersOrStockholders |
| Election Of Board Members | true | ElectionOfBoardMembers |
| Decisions Subject To Approval | true | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | KEITH PURCELL | NamePerson |
| Telephone Number | 8046289090 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 701 E FRANKLIN STREET SUITE 1301 | AddressLine1 |
| City | RICHMOND | City |
| State | VA | State |
| ZIP Code | 23219 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (23 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Average Hours Per Week RelatedAverageHoursPerWeekRelated | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|---|
| David P Chelmow | |||||||||
| Board member & Dept Chair | 48.5 | 15.3 | X | 366600 | 101661 | 54607 | |||
| JAMES J POTYRAJ | |||||||||
| EXECUTIVE DIR AND TREASURER | 60.0 | 0.0 | X | 379770 | 0 | 54802 | X | ||
| JEROME F STRAUSS | |||||||||
| Board Member & Dean of SOM | 31.4 | 25.7 | X | 402792 | 291450 | 120336 | |||
| Ananda K Pandurangi | |||||||||
| Board member & Div Chair | 43.0 | 14.3 | X | 205744 | 59946 | 46605 | |||
| JOHN D WARD | |||||||||
| Board Member & President | 46.6 | 3.0 | X | 451541 | 142481 | 98797 | X | ||
| HARINDER S DHINDSA | |||||||||
| Bd member & Assoc Professor | 60.2 | 1.9 | X | 235383 | 52221 | 45509 | |||
| DAMIAN L COVINGTON | |||||||||
| BOARD MEMBER | 1.0 | 0.0 | X | 0 | 0 | 0 | |||
| ANTON J KUZEL | |||||||||
| Board Member & Dept Chair | 26.8 | 26.8 | X | 161441 | 156931 | 41932 | |||
| ANN S FULCHER | |||||||||
| Board Member & Dept Chair | 63.3 | 2.6 | X | 617297 | 101661 | 75472 | |||
| LAURIE J LYCKHOLM | |||||||||
| Board Member & Professor | 36.7 | 30.0 | X | 134805 | 92283 | 50076 | |||
| BRUCE K RUBIN | |||||||||
| Board Member & Dept Chair | 55.0 | 20.4 | X | 329025 | 106744 | 90951 | |||
| MICHAEL E KECK | |||||||||
| BOARD MEMBER | 1.0 | 0.0 | X | 0 | 0 | 0 | |||
| JOSEPH M TEEFEY | |||||||||
| BOARD MEMBER | 1.0 | 0.0 | X | 0 | 0 | 0 | |||
| Mary Ann Peberdy | |||||||||
| Bd member & Assoc Professor | 66.7 | 8.8 | X | 143926 | 118450 | 37565 | |||
| KEITH W PURCELL | |||||||||
| CONTROLLER | 40.0 | 0.0 | 123136 | 0 | 30661 | X | |||
| JAMES P NEIFELD | |||||||||
| DEPT CHAIR | 35.6 | 21.8 | 288267 | 339850 | 142190 | X | |||
| John F Butterworth | |||||||||
| Dept Chair | 52.6 | 12.3 | 463910 | 126890 | 59900 | X | |||
| JOHN E NESTLER | |||||||||
| DEPT CHAIR | 18.6 | 41.4 | 109499 | 405026 | 132852 | X | |||
| William Benson | |||||||||
| Physician | 25.2 | 27.3 | 594216 | 254132 | 103766 | X | |||
| Harold Young | |||||||||
| Physician | 60.0 | 9.0 | 536258 | 275418 | 138924 | X | |||
| Douglas Arthur | |||||||||
| Physician | 42.2 | 0.4 | 527842 | 52221 | 47569 | X | |||
| Marc P Posner | |||||||||
| Physician | 59.0 | 9.6 | 528746 | 71239 | 69712 | X | |||
| Adrian Cotterell | |||||||||
| Physician | 39.9 | 1.7 | 525224 | 45320 | 45261 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 7125422 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 2793924 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 1487487 | TotalOtherCompensation |
| Number Individuals GT100 K | 519 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Locumtenens | |||||
| PO Box 405547 | Atlanta | GA | 30384 | Medical servcies | 5716309 |
| LOCUM LEADERS LLC | |||||
| 26745 NETWORK PLACE | CHICAGO | IL | 606731267 | MEDICAL SERVICES | 711099 |
| LECLAIR RYAN | |||||
| 951 EAST BYRD STREET | RICHMOND | VA | 23218 | LEGAL SERVICES | 597691 |
| HUNTON WILLIAMS LLP | |||||
| 951 E BYRD STREET | RICHMOND | VA | 23219 | LEGAL SERVICES | 396617 |
| LOGIXHEALTH INC | |||||
| 8 OAK PARK DR | BEDFORD | MA | 01730 | MEDICAL CODING | 328741 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 16 | NumberOfContractorsGT100K |
| All Other Contributions | 3715799 | AllOtherContributions |
| Total Contributions | 3715799 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| NET PATIENT SERVICE REVENUE | 812900 | 186503950 | 186503950 |
| CONTRACT REVENUE FROM MCVH | 900099 | 61490977 | 61490977 |
| OTHER CONTRACT REVENUE | 900099 | 14639992 | 14639992 |
| MEDICAL CONSULTATION INCOME | 900099 | 966149 | 966149 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 263601068 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2774844 | TotalRevenueColumn |
| Exclusion | $2,774,844 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
| Personal | 0 | Personal |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 77341088 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 75466249 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1874839 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1874839 | TotalRevenueColumn |
| Exclusion | $1,874,839 | ExclusionAmount |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount |
|---|---|---|---|
| MEANINGFUL USE PAYMENTS | 900099 | 9146998 | $9,146,998 |
| SERVICES | 900099 | 613778 | $613,778 |
| SALES | 900099 | 12324 | $12,324 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 17551 | TotalRevenueColumn |
| Exclusion | $17,551 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 9790651 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 281757201 | TotalRevenueColumn |
| Related Or Exempt Function Income | 263601068 | RelatedOrExemptFunctionIncome |
| Exclusion | $14,440,334 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1776341 | Total |
| Program Services | 1776341 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7040059 | Total |
| Program Services | 7040059 | ProgramServices |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 187608377 | Total |
| Program Services | 187608377 | ProgramServices |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15678371 | Total |
| Program Services | 15678371 | ProgramServices |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 21799821 | Total |
| Program Services | 21799821 | ProgramServices |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7579969 | Total |
| Program Services | 7579969 | ProgramServices |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 403505 | Total |
| Program Services | 403505 | ProgramServices |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1607569 | Total |
| Program Services | 1072120 | ProgramServices |
| Management And General | 535449 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 154844 | Total |
| Management And General | 154844 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 570390 | Total |
| Management And General | 570390 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1538521 | Total |
| Management And General | 1538521 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 92953 | Total |
| Program Services | 92953 | ProgramServices |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3253975 | Total |
| Program Services | 3253975 | ProgramServices |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1479425 | Total |
| Program Services | 1479425 | ProgramServices |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 800034 | Total |
| Program Services | 800034 | ProgramServices |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 647087 | Total |
| Program Services | 647087 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4672730 | Total |
| Program Services | 4672730 | ProgramServices |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | FundraisingFundraising |
|---|---|---|---|
| SUPPLIES | 2958636 | 2958636 | 0 |
| RECRUITMENT | 2258488 | 2258488 | |
| DUES & SUBSCRIPTIONS | 1414518 | 1414518 | |
| REPAIRS & MAINTENANCE | 511488 | 511488 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 918618 | Total |
| Program Services | 918618 | ProgramServices |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 264765719 | Total |
| Program Services | 261966515 | ProgramServices |
| Management And General | 2799204 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 32385758 | BOY |
| EOY | 26487484 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19013550 | BOY |
| EOY | 18763168 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 351208 | BOY |
| EOY | 327375 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 6252239 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 4410746 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1992087 | BOY |
| EOY | 1841493 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 89347935 | BOY |
| EOY | 105902359 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5132423 | BOY |
| EOY | 20794352 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 148222961 | BOY |
| EOY | 174116231 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22407792 | BOY |
| EOY | 24682402 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19686337 | BOY |
| EOY | 20332188 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 42094129 | BOY |
| EOY | 45014590 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 106128832 | BOY |
| EOY | 129101641 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 106128832 | BOY |
| EOY | 129101641 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 148222961 | BOY |
| EOY | 174116231 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 16991482 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 5981327 | ReconciliationUnrealizedInvest |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | true | AuditCommittee |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | X | SupportingOrganization509a3 |
| Supporting Org509a3 Type1 | X | SupportingOrg509a3Type1 |
| Certification Checkbox | X | CertificationCheckbox |
| Contrib By Controlling Individual | false | ContribByControllingIndividual |
| Contribution By Related Party | false | ContributionByRelatedParty |
| Contrib By35 Controlled Entity | false | ContribBy35ControlledEntity |
Supported Org Information SupportedOrgInformation
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VCU SCHOOL OF MEDICINE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 546001758 | EIN |
| Type Of Organization | 02 | TypeOfOrganization |
| Listed In Governing Doc | true | ListedInGoverningDoc |
| Amount | $1,776,341 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of Supported Orgs | 1 | TotalNumberOfSupportedOrgs |
| Sum Of Amounts | 1776341 | SumOfAmounts |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts | |
| Current Year Minus3 Years | CurrentYearMinus3Years | |
| Current Year Minus4 Years | CurrentYearMinus4Years |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 45500 | OtherCostOrOtherBasis |
| Book Value | 45500 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 370608 | OtherCostOrOtherBasis |
| Depreciation | 179170 | Depreciation |
| Book Value | 191438 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 1541253 | OtherCostOrOtherBasis |
| Depreciation | 855792 | Depreciation |
| Book Value | 685461 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 4254270 | OtherCostOrOtherBasis |
| Depreciation | 3369642 | Depreciation |
| Book Value | 884628 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 40608 | OtherCostOrOtherBasis |
| Depreciation | 6142 | Depreciation |
| Book Value | 34466 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 1841493 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (2 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| OTHER ACCOUNTS RECEIVABLE | 3053569 |
| DUE FROM AFFILIATES | 17740783 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 20794352 | TotalBookValueOtherAssets |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | ESTIMATED LOSSES ON MALPRACTIC | Description |
| Amount | $20,332,188 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 20332188 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | FIN 48 (ASC 740) Footnote | Identifier |
| Return Reference | Schedule D, Part X, Line 2 | ReturnReference |
| Explanation | BEGINNING WITH ADOPTION OF FASB INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES (FIN 48), AS OF JULY 1, 2007, MCVAP RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. RECOGNIZED INCOME TAX POSITIONS ARE MEASURED AT THE LARGEST AMOUNT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED. CHANGES IN RECOGNITION OR MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH CHANGE IN JUDGEMENT OCCURS. PRIOR TO THE ADOPTION OF FIN 48, MCVAP RECOGNIZED THE EFFECT OF INCOME TAX POSITIONS ONLY IF SUCH POSITIONS WERE PROBABLE OF BEING SUSTAINED. AT JUNE 30, 2013 AND 2012, MCVAP HAS NO INCOME TAX POSITIONS THAT ARE NOT CONSIDERED GREATER THAN 50% LIKELY OF BEING REALIZED. | Explanation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Virginia Commonwealth University | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | School of Medicine | AddressLine1 |
| Address Line2 | PO Box 980565 | AddressLine2 |
| City | Richmond | City |
| State | VA | State |
| ZIP Code | 23298 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 546001758 | EINOfRecipient |
| IRC Section | 170(c)(1) | IRCSection |
| Amount Of Cash Grant | 1776341 | AmountOfCashGrant |
| Purpose Of Grant | TO SUPPORT ACADEMIC | PurposeOfGrant |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 1 | TotalNbrOf501C3AndGovtGrants |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Monitoring the Use of Grant Funds | Identifier |
| Return Reference | Schedule I, Part I, Line 2 | ReturnReference |
| Explanation | MCVAP IS REQUIRED TO MAKE A CLINICAL EARNINGS CONTRIBUTION TO THE VIRGINIA COMMONWEALTH UNIVERSITY SCHOOL OF MEDICINE (VCU SOM) IN SUPPORT OF ITS ACADEMIC AND EDUCATIONAL GOALS. THIS CONTRIBUTION IS BASED ON A PERCENTAGE OF NET PATIENT SERVICE REVENUE, AS DEFINED. THE CLINICAL EARNINGS CONTRIBUTION MAY BE USED FOR ACADEMIC, RESEARCH, CLINICAL OR OPERATIONAL COSTS AT THE DISCRETION OF THE DEAN OF THE VCU SOM. THE DEAN HAS DIRECTED THAT ALL CLINICAL EARNINGS CONTRIBUTIONS REMAIN A DESIGNATED UNRESTRICTED FUND BALANCE OF MCVAP UNTIL SUCH TIME AS THE AMOUNTS ARE NEEDED FOR THE REQUIRED PURPOSE. MCVAP MAKES OTHER CONTRIBUTIONS FROM TIME TO TIME TO SUPPORT THE MISSIONS OF ORGANIZATIONS AFFILIATED WITH VCU HEALTH SYSTEM AUTHORITY. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (20 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| David P Chelmow | ||||||||||||||
| Board member & Dept Chair | 324300 | 98700 | 40000 | 2961 | 2300 | 0 | 0 | 0 | 23893 | 30714 | 390493 | 132375 | 0 | 0 |
| JAMES J POTYRAJ | ||||||||||||||
| EXECUTIVE DIR AND TREASURER | 353872 | 0 | 17680 | 0 | 8218 | 0 | 0 | 0 | 54802 | 0 | 434572 | 0 | 0 | 0 |
| JEROME F STRAUSS | ||||||||||||||
| Board Member & Dean of SOM | 345882 | 290108 | 47573 | 1342 | 9337 | 0 | 0 | 0 | 30057 | 90279 | 432849 | 381729 | 0 | 0 |
| Ananda K Pandurangi | ||||||||||||||
| Board member & Div Chair | 180025 | 58200 | 22773 | 1746 | 2946 | 0 | 0 | 0 | 28494 | 18111 | 234238 | 78057 | 0 | 0 |
| JOHN D WARD | ||||||||||||||
| Board Member & President | 376609 | 138331 | 65734 | 4150 | 9198 | 0 | 0 | 0 | 55750 | 43047 | 507291 | 185528 | 0 | 0 |
| HARINDER S DHINDSA | ||||||||||||||
| Bd member & Assoc Professor | 234310 | 50700 | 0 | 1521 | 1073 | 0 | 0 | 0 | 29732 | 15777 | 265115 | 67998 | 0 | 0 |
| ANTON J KUZEL | ||||||||||||||
| Board Member & Dept Chair | 115519 | 152472 | 44208 | 4459 | 1714 | 0 | 0 | 0 | 20966 | 20966 | 182407 | 177897 | 0 | 0 |
| ANN S FULCHER | ||||||||||||||
| Board Member & Dept Chair | 531300 | 98700 | 83500 | 2961 | 2497 | 0 | 0 | 0 | 44758 | 30714 | 662055 | 132375 | 0 | 0 |
| LAURIE J LYCKHOLM | ||||||||||||||
| Board Member & Professor | 132288 | 89498 | 0 | 2785 | 2517 | 0 | 0 | 0 | 22193 | 27883 | 156998 | 120166 | 0 | 0 |
| BRUCE K RUBIN | ||||||||||||||
| Board Member & Dept Chair | 301300 | 103635 | 25000 | 3109 | 2725 | 0 | 0 | 0 | 58701 | 32250 | 387726 | 138994 | 0 | 0 |
| Mary Ann Peberdy | ||||||||||||||
| Bd member & Assoc Professor | 141975 | 115000 | 0 | 3450 | 1951 | 0 | 0 | 0 | 1778 | 35787 | 145704 | 154237 | 0 | 0 |
| KEITH W PURCELL | ||||||||||||||
| CONTROLLER | 111994 | 0 | 6822 | 0 | 4320 | 0 | 0 | 0 | 30661 | 0 | 153797 | 0 | 0 | 0 |
| William Benson | ||||||||||||||
| Physician | 436932 | 246730 | 157284 | 7402 | 0 | 0 | 0 | 0 | 26986 | 76780 | 621202 | 330912 | 0 | 0 |
| Harold Young | ||||||||||||||
| Physician | 410732 | 267396 | 117869 | 8022 | 7657 | 0 | 0 | 0 | 55713 | 83211 | 591971 | 358629 | 0 | 0 |
| Douglas Arthur | ||||||||||||||
| Physician | 361444 | 50700 | 164319 | 1521 | 2079 | 0 | 0 | 0 | 31792 | 15777 | 559634 | 67998 | 0 | 0 |
| Marc P Posner | ||||||||||||||
| Physician | 420417 | 69201 | 103952 | 2038 | 4377 | 0 | 0 | 0 | 48211 | 21501 | 576957 | 92740 | 0 | 0 |
| Adrian Cotterell | ||||||||||||||
| Physician | 334000 | 44000 | 189089 | 1320 | 2135 | 0 | 0 | 0 | 31569 | 13692 | 556793 | 59012 | 0 | 0 |
| JAMES P NEIFELD | ||||||||||||||
| DEPT CHAIR | 232851 | 330356 | 44936 | 9494 | 10480 | 0 | 0 | 0 | 39755 | 102435 | 328022 | 442285 | 0 | 0 |
| John F Butterworth | ||||||||||||||
| Dept Chair | 416300 | 98700 | 45000 | 28190 | 2610 | 0 | 0 | 0 | 22122 | 37778 | 486032 | 164668 | 0 | 0 |
| JOHN E NESTLER | ||||||||||||||
| DEPT CHAIR | 55271 | 393229 | 50000 | 11797 | 4228 | 0 | 0 | 0 | 10483 | 122369 | 119982 | 527395 | 0 | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| FORM 990, PART VI, LINES 6 AND 7A | THE SELECTION PROCESS FOR THE GOVERNING BODY OF MCV PHYSICIANS IS AS FOLLOWS: THE CHAIRS OF EACH SCHOOL OF MEDICINE CLINICAL DEPARTMENT SHALL RECOMMEND APPOINTMENT OF THE FOUR DEPARTMENTAL CHAIR DIRECTORS TO THE CORPORATE MEMBER. THE FULL-TIME FACULTY OF THE SCHOOL OF MEDICINE SHALL RECOMMEND TO THE CORPORATE MEMBER APPOINTMENT OF THE FOUR FACULTY DIRECTORS WHO ARE NOT DEPARTMENTAL CHAIRS. THE PRESIDENT AND EXECUTIVE DIRECTOR OF THE CORPORATION SHALL RECOMMEND THREE INDEPENDENT DIRECTORS TO THE BOARD OF DIRECTORS; THE BOARD, AFTER CONSIDERATION OF THE RECOMMENDATIONS FROM THE PRESIDENT AND EXECUTIVE DIRECTOR, SHALL RECOMMEND THREE INDEPENDENT DIRECTORS TO THE CORPORATE MEMBER. ALL RECOMMENDATIONS FOR APPOINTED DIRECTORS SHALL BE SUBMITTED TO THE CORPORATE MEMBER BY THE PRESIDENT OF THE CORPORATION, FOLLOWING NOTIFICATION OF THE RECOMMENDATIONS TO THE CEO/VCUHS AND THE DEAN. AFTER CONSIDERATION OF THE RECOMMENDATIONS, THE CORPORATE MEMBER SHALL APPOINT DIRECTORS TO THE BOARD, FOR TERMS OF SERVICE CONSISTENT WITH THE PROVISIONS OF THESE BYLAWS. |
| FORM 990, PART VI, LINE 7B | MCV PHYSICIANS' BOARD OF DIRECTORS DECISIONS ARE SUBJECT TO APPROVAL OF THE CORPORATE MEMBER, VIRGINIA COMMONWEALTH UNIVERSITY HEALTH SYSTEM AUTHORITY. |
| FORM 990, PART VI, LINE 11 | THE FINANCIAL INFORMATION IS PROVIDED TO KPMG BY THE MCV PHYSICIANS CONTROLLER. KPMG PREPARES THE FORM 990 AND RETURNS THE COMPLETED FORM 990 TO MCV PHYSICIANS FOR REVIEW. THE CONTROLLER OF MCV PHYSICIANS REVIEWS THE FORM 990 TO ENSURE IT IS COMPLETE AND ACCURATE. THE CONTROLLER WILL REVIEW THE FORM 990 WITH THE EXECUTIVE DIRECTOR OF MCV PHYSICIANS. UPON COMPLETING THE REVIEW WITH THE EXECUTIVE DIRECTOR, THE GOVERNING BODY OF MCV PHYSICIANS IS PROVIDED WITH A COPY OF FORM 990 BEFORE IT IS FILED WITH THE IRS. |
| FORM 990, PART VI, LINE 12C | VCU HEALTH SYSTEM POLICY 2104.01 - TERMS OF EMPLOYMENT CONTAINS THE HEALTH SYSTEM'S POLICY REGARDING CONFLICTS OF INTEREST IN SECTION I. ALSO, VCU HEALTH SYSTEM IS REQUIRED TO PARTICIPATE IN THE COMMONWEALTH'S STATEMENT OF ECONOMIC INTEREST PROCESS. EACH VCUHS EMPLOYEE AT THE DIRECTOR OR ABOVE LEVEL ARE REQUIRED TO SUBMIT THE STATEMENT OF ECONOMIC INTEREST TO VCUHS AUDIT & COMPLIANCE SERVICES ON AN ANNUAL BASIS. VCUHS AUDIT & COMPLIANCE REVIEWS THE FORMS TO DETERMINE WHETHER THERE ARE ANY POTENTIAL CONFLICTS NOTED. WHEN DEVIATIONS FROM POLICY HAVE BEEN NOTED AUDIT & COMPLIANCE SERVICES WORKS WITH SENIOR MANAGEMENT TO REMEDIATE THE SITUATION. THESE FORMS ARE THEN SUBMITTED TO THE SECRETARY OF THE COMMONWEALTH. VCU HEALTH SYSTEM'S PARTICIPATION IN THIS PROCESS IS MANDATED BY THE ENABLING LEGISLATION FOR THE HEALTH SYSTEM. |
| FORM 990, PART VI, LINES 15a and 15b | THE COMPENSATION FOR THE SENIOR LEVEL ADMINISTRATORS, SALARY AND ANY BONUS IS SET BY DR. SHELDON RETCHIN AS THE CEO OF THE HEALTH SYSTEM. THIS IS CONSISTENT WITH THE REQUIREMENTS ESTABLISHED IN THE BYLAWS OF VCUHS. DR. RETCHIN TRADITIONALLY CONDUCTS A 360 DEGREE EVALUATION OF ALL SENIOR LEVEL ADMINISTRATORS. THIS INFORMATION IS THEN USED ALONG WITH A REVIEW OF THEIR PERFORMANCE AND OF THEIR ACHIEVEMENT OF GOALS FOR THE YEAR. DR. RETCHIN THEN MEETS IN EXECUTIVE SESSION WITH THE VCUHS BOARD OF DIRECTORS TO DISCUSS THE MATTER. |
| FORM 990, PART VI, LINE 19 | THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS FOR MCV PHYSICIANS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (4 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Controlled OrgControlledOrg | Public Charity StatusPublicCharityStatus |
|---|---|---|---|---|---|---|---|---|---|---|
| VCU HEALTH SYSTEM AUTHORITY | ||||||||||
| PO BOX 980648 | RICHMOND | VA | 23298 | 541848065 | ACA MED CTR | VA | 170(C)(1) | NA | false | |
| VIRGINIA COMMONWEALTH UNIVERSITY | ||||||||||
| PO BOX 980565 | RICHMOND | VA | 23298 | 546001758 | HIGHER EDUC | VA | 170(C)(1) | NA | false | |
| VIRGINIA PREMIER HEALTH PLAN INC | ||||||||||
| 600 EAST BROAD STREET | RICHMOND | VA | 23219 | 541760974 | HEALTH PLAN | VA | 501(C)(3) | NA | false | 9 |
| CRIPPLED CHILDREN'S HOSPITAL | ||||||||||
| 2924 BROOK ROAD | RICHMOND | VA | 23220 | 540506309 | HOSPITAL | VA | 501(C)(3) | VCUHS | false | 3 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | true | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | true | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | false | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | true | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | false | SharingOfFacilities |
| Sharing Of Paid Employees | true | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | true | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | true | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | true | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |