Civic Intelligence

UMC Foundation Inc

990 • Fiscal year 2017 • EIN 86-1146214

Jul 01, 2016 to Jun 30, 2017 • Filed on May 11, 2018

Organization Profilewww.umcfoundationlv.org
1800 W CHARLESTON BLVD No 504Las Vegas, NV 89102

(702) 383-6292

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

91st percentile

0.96x

Higher debt load relative to assets than 91% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

95th percentile

5.17x

Higher debt load relative to revenue than 95% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

7th percentile

-41%

Higher net margin than 7% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

25th percentile

-3.3%

Faster asset growth than 25% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

94th percentile

121%

Faster revenue growth than 94% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets91st percentile

Assets

Down

$1,451,953

Down $48,910 (-3.3%) from 2016

Net Assets

Down

$51,478

Down $311,737 (-86%) from 2016

Liabilities

Up

$1,400,475

Up $262,827 (+23%) from 2016

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin7th percentile

Revenue

Up

$270,973

Up $148,230 (+121%) from 2016

Expenses

Up

$382,710

Up $92,236 (+32%) from 2016

Net Income

Up

-$111,737

Up $55,994 (+33%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth25th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2013: $2,276,053Liabilities 2013: $1,112,089Net Assets 2013: $1,163,9642013Assets 2014: $1,580,683Liabilities 2014: $1,022,668Net Assets 2014: $558,0152014Assets 2015: $1,797,199Liabilities 2015: $1,022,668Net Assets 2015: $774,5312015Assets 2016: $1,500,863Liabilities 2016: $1,137,648Net Assets 2016: $363,2152016Assets 2017: $1,451,953Liabilities 2017: $1,400,475Net Assets 2017: $51,4782017Assets 2018: $2,914,354Liabilities 2018: $1,904,662Net Assets 2018: $1,009,6922018Assets 2019: $2,488,034Liabilities 2019: $1,792,186Net Assets 2019: $695,8482019Assets 2020: $2,416,395Liabilities 2020: $1,713,968Net Assets 2020: $702,4272020Assets 2021: $2,182,492Liabilities 2021: $1,009,861Net Assets 2021: $1,172,6312021Assets 2022: $5,202,179Liabilities 2022: $1,776,872Net Assets 2022: $3,425,3072022Assets 2023: $5,247,829Liabilities 2023: $1,480,847Net Assets 2023: $3,766,9822023Assets 2024: $4,725,897Liabilities 2024: $1,603,851Net Assets 2024: $3,122,0462024

Highlighted filing

2017

Assets$1,451,953
Liabilities$1,400,475
Net Assets$51,478
Open 2017 Filing

Operations Trend

Revenue Growth94th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2013: $355,880Expenses 2013: $258,252Net Income 2013: $97,6282013Revenue 2014: $246,461Expenses 2014: $816,391Net Income 2014: -$569,9302014Revenue 2015: $253,250Expenses 2015: $36,734Net Income 2015: $216,5162015Revenue 2016: $122,743Expenses 2016: $290,474Net Income 2016: -$167,7312016Revenue 2017: $270,973Expenses 2017: $382,710Net Income 2017: -$111,7372017Revenue 2018: $1,643,823Expenses 2018: $685,609Net Income 2018: $958,2142018Revenue 2019: $516,259Expenses 2019: $830,103Net Income 2019: -$313,8442019Revenue 2020: $331,925Expenses 2020: $325,346Net Income 2020: $6,5792020Revenue 2021: $888,741Expenses 2021: $418,537Net Income 2021: $470,2042021Revenue 2022: $2,917,639Expenses 2022: $664,963Net Income 2022: $2,252,6762022Revenue 2023: $1,997,183Expenses 2023: $1,655,508Net Income 2023: $341,6752023Revenue 2024: $2,442,599Expenses 2024: $3,087,535Net Income 2024: -$644,9362024

Highlighted filing

2017

Revenue$270,973
Expenses$382,710
Net Income-$111,737
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 11, 2018
Return Version
2016v3.0
Gross Receipts
$270,973
Mission and Program Overview

Mission

The umc foundation is to serve as an innovative, flexible, and efficient vehicle to facilitate the solicitation and management of gifts, grants, bequests, and devices for the benefit of university medical center of southern nevada. Umc foundation strives to provide support for initiatives that expand and enhance patient care services and community health education beyond the level possible through public support alone.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,011,089$1,211,089▲ $200,000
Cash and Non-Interest-Bearing Accounts$482,875$240,864▼ $242,011
Accounts Receivable$6,899$0▼ $6,899
Total Assets$1,500,863$1,451,953▼ $48,910
Liabilities
Other Liabilities$1,011,089$1,211,089▲ $200,000
Accounts Payable and Accrued Expenses$126,559$189,386▲ $62,827
Total Liabilities$1,137,648$1,400,475▲ $262,827
Net Assets / Fund Balance
Unrestricted Net Assets$363,215$51,478▼ $311,737
Total Net Assets Fund Balance$363,215$51,478▼ $311,737
Total Liabilities and Net Assets / Fund Balance$1,500,863$1,451,953▼ $48,910
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Harry C HagertyPresident
Francis FusonVice President
Michael ForcheDirector
Stan HuntertonDirector
Deana Young MDSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$270,429
Program Service Revenue
$0
Investment Income
$544
Other Revenue
$0
All Other Contributions
$270,429
Change in Net Assets
$-111,737

Audited Revenue Reconciliation

Revenue per Audited Statements
$270,973
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$270,973
Total Revenue per Form 990
$270,973
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$332,486
Other Expenses$50,224
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$332,486--$332,486
Fees for Services Other-$24,971-$24,971
Travel-$8,488-$8,488
Insurance-$6,575-$6,575
Other Expenses-$2,264-$2,264
Office Expenses-$1,027-$1,027
Total Functional Expenses$332,486$50,224$0$382,710

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$382,710
Total Expenses per Audited Statements$382,710
Total Expenses per Form 990$382,710
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University Medical CenterLas Vegas, NV-To fund various projects$285,678
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Restricted Donations Liability$1,211,089
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

“The governing body is provided copies of the foundation's annual form 990 to review.”

Form 990, Part VI, Section C, line 19

“The organization's governing documents, conflict of interest policy and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Umc Foundation Inc
EIN
86-1146214
Phone
7023836292
Address
1800 W CHARLESTON BLVD No 504, LAS VEGAS, NV 89102

Signing Officer

Name
HARRY c HAGERTY
Title
President
Phone
7023836292
Signed
2018-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Harry C Hagerty
Formed
2005
Legal Domicile
Nv
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Hrp Cpas
Address
8945 W POST ROAD STE 110, LAS VEGAS, NV 89148
Preparer
Debra Romboletti
Phone
7028526720
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

“The Foundation is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code (IRC). In addition, the Foundation qualifies for the charitable contribution deduction under Section 170 of the IRC. There are no known circumstances that would place the Foundation's status as a taxexempt organization in jeopardy, and because the Foundation does not engage in unrelated business income activities, no provision has been made for uncertain tax positions taken or to be taken. The Foundation's tax returns for 2013 through 2016 remain open for possible examination by the Internal Revenue Service.”

Raw XML Appendix358 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0285678
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0To fund various projects
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0University Medical Center
IRS990ScheduleI/RecipientTable/RecipientEIN0886000436
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01800 W Charleston Blvd
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Las Vegas
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NV
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd089102
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0IN AN EFFORT TO STREAMLINE THE FINANCIAL PROCESS WHILE KEEPING THE SEPARATION AND INTEGRITY OF BOTH UNIVERSITY MEDICAL CENTER (UMC) AND THE UMC FOUNDATION, THE FOLLOWING PROCEDURES AND PROTOCOL HAVE BEEN ESTABLISHED TO HANDLE FINANCIAL TRACKING. THE FOLLOWING IS A FRAMEWORK BETWEEN THE UMC FOUNDATION AND THE FISCAL SERVICES DEPARTMENT OF UMC. FINANCIAL OPERATIONS *FISCAL SERVICES, THROUGH THE DIRECTION OF THE CONTROLLER, WILL ASSIGN AN APPROPRIATE TEAM MEMBER TO MAINTAIN THE FINANCIAL RECORDS FOR GRANT FUNDS. THIS SHALL BE DONE SEPARATELY FROM THE FINANCIAL RECORDS OF UMC GENERAL FUNDS. GRANT DONATIONS WILL BE MADE PAYABLE TO UMC FOUNDATION INC. AND HELD FOR REIMBURSEMENT OF EXPENSES. ALL FINANCIAL RECORDS FOR THE GRANTS WILL BE MAINTAINED IN THE CURRENT SYSTEM OF SAP UTILIZED BY UMC. DEPARTMENTS WILL PROVIDE TO FISCAL SERVICES ALL EXTERNAL DOCUMENTS RELATED TO FINANCIAL REPORTING. FINANCIAL REPORTING WILL BE PROVIDED ALONG WITH ANY COMMUNICATION AND COPIES OF INVOICES TO REQUEST REIMBURSEMENT FROM UMC FOUNDATION FOR GRANT FUNDS. ALL USE OF THE FOUNDATION TAX ID WILL REMAIN WITH FOUNDATION AND PRIOR APPROVAL BY THE DESIGNATED VOTING FOUNDATION BOARD OF DIRECTORS MEMBER MUST BE GRANTED BEFORE IT IS USED FOR ANY TRANSACTION (EVENT, GRANT, DONATION BACKUP, ETC.) GRANTS THE DONATIONS RECEIVED DIRECTLY TO FISCAL SERVICES SHALL BE DEPOSITED INTO THE FOUNDATION'S OPERATING ACCOUNT, UNLESS A SEPARATE FUND REFLECTING THE PURPOSE OF THE DONATION HAS ALREADY BEEN ESTABLISHED. AT THE END OF EVERY MONTH, FISCAL SERVICES SHALL PREPARE A LIST OF DONATIONS RECEIVED IN THAT MONTH. THE LIST WILL INCLUDE, AMONG OTHER THINGS: 1. THE NAME AND ADDRESS OF THE GRANTOR; 2. A DESCRIPTION OF THE GRANT; 3. THE AMOUNT OF THE GRANT; 4. THE DATE OF THE GRANT; 5. THE SPECIFIC PURPOSE OR FUND DESIGNATED, IF ANY. APPROPRIATE DOCUMENTATION OF DONATIONS (I.E., RECEIPT FOR CASH, COPY OF CHECK, MERCHANT COPY OF CREDIT CARD, ETC.) WILL BE MAINTAINED BY FISCAL SERVICES. DISBURSEMENTS ALL DISBURSEMENTS REMAIN IN THE CONTROL OF THE FOUNDATION. NO MEMBER OF UMC FINANCE DIVISION OR FISCAL SERVICES WILL HAVE DISBURSEMENT OR CHECK SIGNING AUTHORITY. FOUNDATION DISBURSEMENT CHECKS WILL, AT ALL TIMES, REMAIN IN A SECURED AREA OF FISCAL SERVICES. REQUEST FOR DISBURSEMENTS (RFD) WILL COME FROM UMC FISCAL SERVICE DEPARTMENT AND BE ACCOMPANIED BY SUPPORTING DOCUMENTATION, INCLUDING BUT NOT LIMITED TO, INVOICES. THE RFD FORM WILL LIST THE DATE OF THE REQUEST, THE AMOUNT OF THE REQUEST, THE PAYEE, THE PURPOSE OF THE DISBURSEMENT AND THE ACCOUNT FROM WHICH THE DISBURSEMENT IS BEING MADE. THE RFD WILL ALSO SHOW THE NET BALANCE IN THE ACCOUNTS FROM WHICH THE DISBURSEMENTS ARE BEING MADE (AFTER DEDUCTION OF THE REQUESTED DISBURSEMENTS). NO DISBURSEMENTS MAY BE MADE, AND NO FOUNDATION CHECKS MAY BE SIGNED, UNTIL THE RFD FORM HAS BEEN SIGNED BY ONE OR MORE FOUNDATION BOARD MEMBERS ACCORDING TO THE FOLLOWING PROTOCOL: (1) AN RFD CONTAINING REQUESTS, NONE OF WHICH INDIVIDUALLY EXCEEDS $5,000, MAY BE AUTHORIZED BY THE TREASURER OF THE FOUNDATION. (2) AN RFD IN WHICH ONE OR MORE OF THE INDIVIDUAL REQUESTS EXCEEDS $5,000 MUST BE AUTHORIZED BY BOTH THE TREASURER AND THE PRESIDENT OF THE FOUNDATION BOARD. IN THE EVENT THAT THE SAME INDIVIDUAL HOLDS THE TITLE OF BOTH PRESIDENT AND TREASURER, THE SECRETARY OF THE BOARD SHALL ACT AS THE SECOND SIGNATORY. ALL EXPENDITURES OF APPROVED GOODS AND SERVICES PURCHASED THROUGH UMC WILL REQUIRE AN INVOICE TO OUTLINE THE FINAL COST OF SUCH GOODS AND SERVICES. THE INVOICE, TOGETHER WITH MINUTES OF THE BOARD MEETING IN WHICH THE PURCHASE WAS APPROVED, WILL BE ATTACHED AS AN EXHIBIT TO THE RFD. ONCE AN RFD HAS BEEN APPROVED WITH APPROPRIATE, SUPPORTING DOCUMENTATION, FISCAL SERVICES WILL PREPARE THE DISBURSEMENT CHECKS FOR SIGNATURE. THE BOARD OF THE FOUNDATION SHALL APPROVE A RESOLUTION WHEREBY UMC'S DIRECTOR OF COMMUNITY AFFAIRS (OR THE OFFICER ACTING IN A SIMILAR CAPACITY WITH RESPECT TO THE FOUNDATION) SHALL BE AUTHORIZED AS A SIGNATORY ON UMC ACCOUNTS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The governing body is provided copies of the foundation's annual form 990 to review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization's governing documents, conflict of interest policy and financial statements are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalEmployeeCnt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0332486
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IRS990/TotalReportableCompFromOrgAmt00
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0270973
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
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IRS990/WebsiteAddressTxt0www.umcfoundationlv.org
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-06-14 16:35:46Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0HARRY c HAGERTY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07023836292
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0UMC FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0UMCF
ReturnHeader/Filer/EIN0861146214
ReturnHeader/Filer/PhoneNum07023836292
ReturnHeader/Filer/USAddress/AddressLine1Txt01800 W CHARLESTON BLVD No 504
ReturnHeader/Filer/USAddress/CityNm0LAS VEGAS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NV
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0199.233.61.154
ReturnHeader/FilingSecurityInformation/IPDt02018-05-11
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm011:54:51
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0812024313
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HRP CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08945 W POST ROAD STE 110
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LAS VEGAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NV
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd089148
ReturnHeader/PreparerPersonGrp/PhoneNum07028526720
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DEBRA ROMBOLETTI
ReturnHeader/ReturnTs02018-05-14T13:52:16-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,451,953
Liabilities
$1,400,475
Net assets
$51,478
Revenue
$270,973
Expenses
$382,710
Net income
-$111,737
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.73$1.60$3.12$2.44$3.09$0.64
2023Summary only. Only limited summary data is available for this year.$5.25$1.48$3.77$2.00$1.66$0.34
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.20$1.78$3.43$2.92$0.66$2.25
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.18$1.01$1.17$0.89$0.42$0.47
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.42$1.71$0.70$0.33$0.33$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.49$1.79$0.70$0.52$0.83$0.31
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.91$1.90$1.01$1.64$0.69$0.96
2017Detailed filing. Detailed filing data is available for this year.$1.45$1.40$0.05$0.27$0.38$0.11
2016Detailed filing. Detailed filing data is available for this year.$1.50$1.14$0.36$0.12$0.29$0.17
2015Summary only. Only limited summary data is available for this year.$1.80$1.02$0.77$0.25$0.04$0.22
2014Summary only. Only limited summary data is available for this year.$1.58$1.02$0.56$0.25$0.82$0.57
2013Summary only. Only limited summary data is available for this year.$2.28$1.11$1.16$0.36$0.26$0.10