Upmc
- Assets
- $423.9m
- Revenue
- $563.7k
- Investments
- $13.0m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 06/1995
- Data as of
- 06/2020
- EIN
- 23-2751183
Organization Overview
Upmc is located in Pittsburgh, PA. The organization was established in 1995. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Upmc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2020, Upmc generated $563.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (21.5%) each year. All expenses for the organization totaled $558.9k during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (26.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
SEE SCHEDULE O
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Davie Jane Gilmour Board Vice Chairperson | OfficerTrustee | 1 | $0 |
Sister Teresa Ann Jacobs Board Secretary | OfficerTrustee | 1 | $0 |
Philip Johnson Board Treasurer | OfficerTrustee | 1 | $0 |
Ann S Pepperman Board Chair | OfficerTrustee | 1 | $0 |
Steven P Johnson President | Officer | 1 | $0 |
Don Owrey President/coo (j 9/1/2019) | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $462,961 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $101,094 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $563,715 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $56,730 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $228,767 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $76 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $794 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,737 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $558,929 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $851,609 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,890 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $331,306,478 |
| Inventories for sale or use | $1,179,680 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $30,498,186 |
| Investments—other securities | $13,000,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $47,066,180 |
| Total assets | $423,942,105 |
| Accounts payable and accrued expenses | $2,219,685 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $42,089,771 |
| Total liabilities | $44,309,456 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $379,632,650 |
Grants Awarded
Over the last fiscal year, Upmc has awarded $3,107,741 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Pittsburgh, PA PURPOSE: Support of affiliate. For the Cancer Treatment Center & Pharmacy capital renovation projects. | $2,167,066 |
Pittsburgh, PA PURPOSE: Support of affiliate. | $590,376 |
Pittsburgh, PA PURPOSE: Support of affiliate | $350,299 |
Endowment Analysis
| Beg. Balance | $61,251 |
| Earnings | -$1,913 |
| Grants | $1,000 |
| Ending Balance | $58,338 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Upmc Lititz Harrisburg, PA | $81,864,299 | $83,139,500 |
Rome Memorial Hospital Inc Rome, NY | $72,806,706 | $103,415,729 |
Guthrie Cortland Medical Center Cortland, NY | $104,605,193 | $96,207,960 |
Harford Memorial Hospital Inc Havre De Grace, MD | $204,952,590 | $97,757,591 |
Jeanes Hospital Philadelphia, PA | $0 | $90,864,313 |
Lehigh Valley Hospital - Coordinated Health Allentown Allentown, PA | $172,900,540 | $112,544,100 |
Bay Park Community Hospital Toledo, OH | $58,778,879 | $103,810,079 |
Aurelia Osborn Fox Memorial Hospital Society Oneonta, NY | $63,274,804 | $82,131,187 |
Joint Township District Memorial Hospital St Marys, OH | $81,862,337 | $95,172,211 |
Clifton Springs Sanitarium Co Clifton Springs, NY | $86,331,119 | $88,748,447 |
Blue Mountain Hospital Allentown, PA | $0 | $78,395,652 |
St Agnes Continuing Care Center Newtown Square, PA | $67,369,995 | $92,613,131 |