2024-08-12T09:12:13-05:00 2023-09-30 030225774 GALLAGHER FLYNN & COMPANY LLP 725 COMMUNITY DRIVE SUITE 401 SOUTH BURLINGTON VT 05403 990 2022-10-01 030229931 UNIVERSITY HEALTH CENTER INC UNIV 8028472550 4 SAMS LANE SWANTON VT 05488 MARC STANISLAS SECRETARY/TREASURER 8022234188 2024-08-06 1 0 STEVEN M AUSTIN CPA P02385259 8028631331 2024-08-05 2022 2024-08-08 14:25:15Z MARC STANISLAS 4 SAMS LANE SWANTON VT 05488 5311373 0 X N/A X 1972 VT ADMINISTRATION OF FUNDS FOR USE BY VARIOUS CLINICAL PRACTICES OF UNIVERSITY OF VERMONT MEDICAL CENTER AND SIMILAR DEPARTMENTS AT UNIVERSITY OF VERMONT COLLEGE OF MEDICINE 7 7 0 0 0 0 0 0 0 0 1938241 3182912 0 0 1938241 3182912 1126508 1105613 0 0 36000 0 0 0 0 151520 170192 1314028 1275805 624213 1907107 32431322 35118241 483615 465558 31947707 34652683 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 1105613 1105613 ADMINISTRATION OF FUNDS FOR USE BY VARIOUS MEDICAL PRACTICE UNITS OF THE UNIVERSITY OF VERMONT MEDICAL CENTER AND SIMILAR DEPARTMENTS AT THE UNIVERSITY OF VERMONT COLLEGE OF MEDICINE. 1105613 1 0 0 0 0 0 0 0 0 0 0 0 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 0 0 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 MARC STANISLAS 8022534188 4 SAMS LANE SWANTON VT 05488 MARK PLANTE MD TRUSTEE 2.00 X 0 603518 0 ELISE EVERETT MD TRUSTEE 2.00 X 0 406880 0 JENNIFER GILWEE MD TRUSTEE 2.00 X 0 320229 0 LAUREN MACAFEE MD TRUSTEE 2.00 X 0 303747 0 FRIEDERIKE KEATING MD TRUSTEE 2.00 X 0 436118 0 DAVID LUNARDINI MD TRUSTEE 2.00 X 0 663099 0 JONATHAN FLYER MD TRUSTEE 2.00 X 0 272458 0 MARC A STANISLAS SECRETARY/ TREASURER 5.00 X 37080 368624 0 37080 3374673 0 0 0 1 0 0 1192314 1192314 4119059 2128461 1990598 1990598 1990598 3182912 0 0 3182912 1105613 1105613 55621 55621 24800 24800 86074 86074 1023 1023 2674 2674 1275805 1105613 170192 0 383908 679201 31895355 34259502 152059 179538 32431322 35118241 8257 8471 323299 277549 152059 179538 483615 465558 X 1188791 1293086 30758916 33359597 31947707 34652683 32431322 35118241 X 1907107 797869 X 0 1 X 1 0 X X 2 UVM MEDICAL CENTER 030219309 3 1 1045613 0 UNIVERSITY OF VERMONT & STATE AGRICULTURAL COLLEGE 030179440 5 1 60000 0 2 1105613 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 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 E, 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 E, 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 DEFERRED COMPENSATION 179538 179538 X 3894707 797869 797869 3096838 86074 86074 3182912 1235481 0 1235481 86074 -45750 40324 1275805 PART X, LINE 2: UHC IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(C) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. ACCORDINGLY, UHC HAS NOT PROVIDED FOR INCOME TAXES IN THESE FINANCIAL STATEMENTS. EACH YEAR, MANAGEMENT CONSIDERS WHETHER ANY MATERIAL TAX POSITIONS UHC HAS TAKEN ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAXING AUTHORITY. MANAGEMENT BELIEVES THAT ANY POSITIONS UHC HAS TAKEN ARE SUPPORTED BY SUBSTANTIAL AUTHORITY AND, THEREFORE, DO NOT NEED TO BE MEASURED OR DISCLOSED IN THESE FINANCIAL STATEMENTS. UHC FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. UHC IS SUBJECT TO INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR THREE YEARS FOLLOWING THE DATE OF FILING. PART XII, LINE 4B - OTHER ADJUSTMENTS: CONVERSION FROM GAAP TO TAX AS A SUPPORTING ORGANIZATION: CONVERT GRANTS FROM FUNDS HELD FOR OTHERS TO EXPENSES -45,750. 1 UNIVERSITY OF VERMONT MEDICAL CENTER 111 COLCHESTER AVENUE BURLINGTON VT 05401 030219309 501(C)(3) 0 1045613 GENERAL SUPPORT UNIVERSITY OF VERMONT & STATE AGRICULTURAL COLLEGE 85 SOUTH PROSPECT STREET BURLINGTON VT 05401 030179440 501(C)(3) 0 60000 GENERAL SUPPORT 2 2 PART I, LINE 2: MANAGEMENT HAS ONGOING INTERACTION WITH GRANTEES AND REVIEWS GRANTEE PERFORMANCE AT MINIMUM ON AN ANNUAL BASIS. 1 0 0 0 0 0 0 0 0 0 DAVID LUNARDINI MD TRUSTEE 0 663099 0 0 0 0 0 0 0 0 0 663099 0 0 MARK PLANTE MD TRUSTEE 0 603518 0 0 0 0 0 0 0 0 0 603518 0 0 FRIEDERIKE KEATING MD TRUSTEE 0 436118 0 0 0 0 0 0 0 0 0 436118 0 0 ELISE EVERETT MD TRUSTEE 0 406880 0 0 0 0 0 0 0 0 0 406880 0 0 MARC A STANISLAS SECRETARY/ TREASURER 37080 368624 0 0 0 0 0 0 0 0 37080 368624 0 0 JENNIFER GILWEE MD TRUSTEE 0 320229 0 0 0 0 0 0 0 0 0 320229 0 0 LAUREN MACAFEE MD TRUSTEE 0 303747 0 0 0 0 0 0 0 0 0 303747 0 0 JONATHAN FLYER MD TRUSTEE 0 272458 0 0 0 0 0 0 0 0 0 272458 0 0 FORM 990, PART VI, SECTION B, LINE 11B 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: OTHER CHANGE IN COST BASIS OF INVESTMENTS - UNREALIZED GAINS 797,869. 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 1045612 CASH SUPPORT UNIVERSITY OF VERMONT & STATE AGRICULTURAL COLLEGE B 60000 CASH SUPPORT