2024-05-13T12:48:51+00:00 2023-06-30 346565596 ERNST & YOUNG US LLP 200 CLARENDON STREET BOSTON MA 021165072 990 2022-07-01 043108190 UMASS CHAN MEDICAL SCHOOL FOUNDATION INC UMAS 5088568989 333 SOUTH STREET 290 SHREWSBURY MA 01545 MICHAEL F COLLINS MD PRES./CHIEF EXEC OFFICER 5088568989 2024-05-13 true JOHN HAYES JR 999009999 Mike A Cincotta P01595811 6172662000 2024-05-10 2022 2023-04-26 12:10:37Z X MICHAEL F COLLINS MD 333 SOUTH STREET 290 SHREWSBURY MA 01545 0 false X WWW. UMASSMED. EDU/ADVANCEMENT/ X 1998 MA SEE SCHEDULE O 2 0 0 50 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 498566 647211 498566 647211 -498566 -647211 10332730 8518328 10332730 8518328 0 0 SEE SCHEDULE O. false false 0 0 0 SEE SCHEDULE O. 0 true false false false false false false false false false false false true true false false 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 false false false true 0 0 0 false false false false false false false false false false false false X 2 0 true false false false false false false true false false false true true true true true true false false false MA X JENNIFER ROBINSON 5088568989 333 SOUTH STREET 290 SHREWSBURY MA 01545 JOHN R HAYES JR TREASURER 1.0 39.0 X X 0 376019 82550 MICHAEL F COLLINS MD PRES./CHIEF EXEC. OFFICER 0.1 39.9 X X 0 1456931 91540 0 1832950 174090 0 false true false 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ADMINISTRATIVE EXPENSES 647211 647211 0 0 0 0 647211 0 647211 0 0 0 0 0 0 0 9815283 7846682 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 517447 671646 10332730 8518328 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 10332730 8518328 10332730 8518328 X 0 0 0 0 0 0 0 0 0 0 0 0 10332730 8518328 -647211 647211 0 X false true X true false X X 1 UMASS CHAN MEDICAL SCHOOL 043167352 5 true 0 0 1 0 0 true true false false false false false false false false false false false false false true true true X true true Schedule A, Part IV, Section A, Line 2 Supported Org. Without IRS Status 509(a)1 or (2) THE UMASS CHAN MEDICAL SCHOOL IS A GOVERNMENTAL ENTITY AND IS NOT REQUIRED TO OBTAIN AN IRS DETERMINATION LETTER. Schedule A, Part IV, Section D, Line 3 Supp. Org. Have Significant Voice In Investment Policies THE UMASS CHAN MEDICAL SCHOOL FOUNDATION, INC. DOES NOT HOLD, INVEST OR DIRECT ASSETS. THE SUPPORTED ORGANIZATION HOLDS THE FUNDS. THEY HAVE A SIGNIFICANT VOICE IN DIRECTING THEIR INCOME AND ASSETS. Schedule A, Part IV, Section E, Line 2a Org. Activities Directly Further The Exempt Purposes THE UMASS CHAN MEDICAL SCHOOL FOUNDATION, INC. RECEIVES AND DISTRIBUTES CHARITABLE GIFTS AND PROVIDES ADVICE AND ASSISTANCE TO THE DEVELOPMENT OFFICE OF THE UNIVERSITY OF MASSACHUSETTS WORCESTER, PARTICULARLY WITH RESPECT TO FUNDRAISING AND PHILANTHROPIC ACTIVITIES INTENDED TO BENEFIT THE UMASS CHAN MEDICAL SCHOOL. Schedule A, Part IV, Section E, Line 2b Activities That One Or More Supp. Org. Engaged In THE UMASS CHAN MEDICAL SCHOOL FOUNDATION, INC. OPERATES EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES TO PROMOTE AND ASSIST THE DEVELOPMENT OFFICE OF THE UMASS CHAN MEDICAL SCHOOL. RECEIVABLE FROM UMASS (CASH) 671646 671646 RELATED PARTY PAYABLE 8518328 8518328 false false false false false false false false false MICHAEL F COLLINS MD PRES./CHIEF EXEC. OFFICER 0 861222 0 419400 0 176309 0 61000 0 30540 0 1548471 0 0 JOHN R HAYES JR TREASURER 0 369364 0 1750 0 4905 0 61000 0 21550 0 458569 0 0 Schedule J, Part I, Line 3 METHOD USED TO ESTABLISH COMPENSATION OF CEO/EXECUTIVE DIRECTOR THE UMASS CHAN MEDICAL SCHOOL FOUNDATION, INC. HAS NO EMPLOYEES AND PAYS NO COMPENSATION. THE INDIVIDUALS LISTED ON SCHEDULE J, PART II RECEIVED COMPENSATION AND BENEFITS FROM UMASS CHAN MEDICAL SCHOOL, A RELATED ORGANIZATION. Form 990, Part I, Line 4 AND PART VI, LINE 1B - INDEPENDENT MEMBERS OF THE GOVERNING BODY THE FILING ORGANIZATION HAS NO INDEPENDENT MEMBERS OF THE GOVERNING BODY BECAUSE MEMBERS OF THE GOVERNING BODY ARE COMPENSATED BY A RELATED ORGANIZATION. Form 990, Part I, Line 1 AND FORM 990 PART III, LINE 1 - MISSION STATEMENT THE UMASS CHAN MEDICAL SCHOOL FOUNDATION, INC. (UMMSF) IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, TO RECEIVE AND DISTRIBUTE CHARITABLE GIFTS AND TO PROVIDE ADVICE AND ASSISTANCE TO THE DEVELOPMENT OFFICE OF THE UNIVERSITY OF MASSACHUSETTS WORCESTER, PARTICULARLY WITH RESPECT TO FUNDRAISING AND PHILANTHROPIC ACTIVITIES INTENDED TO BENEFIT THE UMASS CHAN MEDICAL SCHOOL (UMASS CHAN), THE UNIVERSITY OF MASSACHUSETTS FOUNDATION, INC (UMF), AND ANY OR ALL OF ITS NON-PROFIT SUBSIDIARIES AND AFFILIATES, AND TO CARRY ON ANY OTHER ACTIVITY THAT MAY BE LAWFULLY CARRIED ON BY A CORPORATION FORMED UNDER CHAPTER 180 OF MASSACHUSETTS GENERAL LAWS AND WHICH IS NOT INCONSISTENT WITH THE CORPORATION'S QUALIFICATION AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ON NOVEMBER 14, 2019, UMASS CHAN AND UMASS MEMORIAL ENTERED INTO AN AGREEMENT TO AMEND CERTAIN PROVISIONS, TERMS AND CONDITIONS OF THE EXISTING UMASS MEMORIAL FOUNDATION, INC. (UMMF) AGREEMENT, AND THE ORGANIZATION'S NAME WAS CHANGED TO THE UMASS MEDICAL SCHOOL FOUNDATION, INC. (UMMSF). AS A RESULT, COMMENCING ON JANUARY 1, 2020 AND CONTINUING THROUGH DECEMBER 31, 2024, UMMSF NO LONGER RECEIVES OR ADMINISTERS CHARITABLE GIFTS ON BEHALF OF UMASS MEMORIAL, NOR DOES IT PROVIDE FUNDRAISING AND PHILANTHROPIC ADVICE AND ASSISTANCE TO UMASS MEMORIAL. DURING FY23 THE ORGANIZATION'S NAME WAS CHANGED TO THE UMASS CHAN MEDICAL SCHOOL FOUNDATION, INC. Form 990, Part III, Line 4a PROGRAM SERVICE ACCOMPLISHMENTS THE UMASS CHAN MEDICAL SCHOOL FOUNDATION, INC. (UMMSF) RECEIVES AND DISTRIBUTES CHARITABLE GIFTS AND PROVIDES ADVICE AND ASSISTANCE TO THE DEVELOPMENT OFFICE OF THE UNIVERSITY OF MASSACHUSETTS WORCESTER, PARTICULARLY WITH RESPECT TO FUNDRAISING AND PHILANTHROPIC ACTIVITIES INTENDED TO BENEFIT THE UMASS CHAN MEDICAL SCHOOL (UMASS CHAN), THE UNIVERSITY OF MASSACHUSETTS FOUNDATION, INC, (UMF), AND ANY OR ALL OF ITS NON-PROFIT SUBSIDIARIES AND AFFILIATES. ON NOVEMBER 14, 2019, UMASS CHAN AND UMASS MEMORIAL ENTERED INTO AN AGREEMENT TO AMEND CERTAIN PROVISIONS, TERMS AND CONDITIONS OF THE EXISTING UMASS MEMORIAL FOUNDATION, INC. (UMMF) AGREEMENT, AND THE ORGANIZATION'S NAME WAS CHANGED TO THE UMASS MEDICAL SCHOOL FOUNDATION, INC. (UMMSF). AS A RESULT, COMMENCING ON JANUARY 1, 2020 AND CONTINUING THROUGH DECEMBER 31, 2024, UMMSF NO LONGER RECEIVES OR ADMINISTERS CHARITABLE GIFTS ON BEHALF OF UMASS MEMORIAL, NOR DOES IT PROVIDE FUNDRAISING AND PHILANTHROPIC ADVICE AND ASSISTANCE TO UMASS MEMORIAL. ACCOUNTING AND TREASURY SERVICES AND SPACE ARE DONATED BY UMASS CHAN MEDICAL SCHOOL. TOTAL DONATED SERVICES AND SPACE RECEIVED WERE $647,211. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons JOHN R. HAYES JR., TREASURER, AND MICHAEL F. COLLINS, M.D., PRESIDENT /CHIEF EXECUTIVE OFFICER, ARE COMPENSATED BY UMASS CHAN MEDICAL SCHOOL, A RELATED ORGANIZATION OF THE UMASS CHAN MEDICAL SCHOOL FOUNDATION, INC. - Business relationship Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body THERE ARE NO SUB COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. Form 990, Part VI, Line 11b Review of form 990 by governing body ONCE THE UMASS CHAN MEDICAL SCHOOL FOUNDATION, INC.'S FORM 990 IS COMPLETED, IT IS REVIEWED BY UMASS CHAN MEDICAL SCHOOL'S ADVANCEMENT AND FINANCIAL MANAGEMENT TEAMS. THE COMPLETED FORM 990 IS PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS PRIOR TO THE FORM BEING FILED WITH THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy MONITORING AND DEALING WITH POTENTIAL OR ACTUAL CONFLICTS THE UMASS CHAN MEDICAL SCHOOL FOUNDATION, INC. ADOPTS THE POLICIES OF THE UMASS CHAN MEDICAL SCHOOL ("UMASS CHAN") INCLUDING A CONFLICT OF INTEREST POLICY. INDIVIDUALS COVERED UNDER THE UMASS CHAN CONFLICT OF INTEREST POLICY HAVE AN AFFIRMATIVE DUTY TO DISCLOSE THE EXISTENCE OR POSSIBILITY OF A CONFLICT OF INTEREST AND SHALL BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE UMASS CHAN CONFLICTS COMMITTEE. THE UMASS CHAN CONFLICT OF INTEREST POLICY PROVIDES THAT ANNUALLY, EACH COVERED PERSON SHALL SIGN A STATEMENT AFFIRMING THAT SUCH PERSON RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, READ AND UNDERSTANDS THE POLICY AND AGREES TO COMPLY WITH THE POLICY. THE SIGNED STATEMENT AFFIRMS THAT THE PERSON UNDERSTANDS UMMSF IS A CHARITABLE ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS TAX-EXEMPT STATUS, UMMSF MUST ENGAGE IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. WHO IS COVERED THE CONFLICT OF INTEREST POLICY COVERS ALL DIRECTORS, OFFICERS, MEMBERS OF COMMITTEES WITH BOARD DELEGATED POWERS, PERSONS SERVING IN SENIOR STAFF POSITIONS, AND ANY OTHER PERSON WHO IS IN A POSITION TO EXERCISE SUBSTANTIAL INFLUENCE OVER THE AFFAIRS OF ANY OF THE ORGANIZATION OR ANY OF ITS AFFILIATES. LEVEL AT WHICH DETERMINATIONS OF CONFLICT ARE MADE AND WHICH ACTUAL CONFLICTS ARE REVIEWED THE UMASS CHAN CONFLICTS COMMITTEE IS RESPONSIBLE FOR DETERMINING IF A CONFLICT OF INTEREST EXISTS AND EVALUATING WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A TRANSACTION THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. THE CONFLICTS COMMITTEE REPORTS ITS FINDINGS TO THE UMASS BOARD OF DIRECTORS WHO ARE RESPONSIBLE FOR MAKING A FINAL DETERMINATION ON THE CONFLICT. RESTRICTIONS ON CONFLICTED PERSONS ALL COVERED PERSONS ARE RESTRICTED FROM ENTERING INTO A TRANSACTION WITHOUT DISCLOSING THE ACTUAL OR POTENTIAL CONFLICT TO THE UMASS CHAN CONFLICT COMMITTEE AND OBTAINING APPROVAL OF THE BOARD OF DIRECTORS. COVERED PERSONS WITH A CONFLICT MUST LEAVE THE ROOM WHEN TRANSACTIONS GIVING RISE TO THE CONFLICT ARE UNDER DISCUSSION BY THE BOARD OF DIRECTORS. Form 990, Part VI, Line 19 Required documents available to the public THE UMASS CHAN MEDICAL SCHOOL FOUNDATION, INC. MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. UMASS CHAN MEDICAL SCHOOL 55 LAKE AVENUE NORTH WORCESTER MA 01655 043167352 EDUCATION MA COM OF MA false false false false false false false false false false false false false false false false false false false false