2024-02-20T13:46:14-06:00 2023-06-30 923720294 PATEL CPA AND CONSULTANTS LLC 7975 W BADURA AVE STE 1000 LAS VEGAS NV 89113 990 2022-07-01 861146214 UMC FOUNDATION INC UMCF 7023836292 1800 W CHARLESTON BLVD 504 LAS VEGAS NV 89102 HARRY C HAGERTY PRESIDENT 7023836292 2024-02-14 1 HARRY HAGERTY 999009999 1 ALADENE LOVELACE P01743118 7028526720 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z HARRY C HAGERTY 1800 W CHARLESTON BLVD STE 504 LAS VEGAS NV 89102 2237714 0 X WWW.UMCFOUNDATIONLV.ORG X 2005 NV 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. 5 5 0 60 0 0 2917046 1984361 0 0 482 488 111 12334 2917639 1997183 0 0 0 0 0 0 0 0 799197 664963 1655508 664963 1655508 2252676 341675 5202179 5247829 1776872 1480847 3425307 3766982 X 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. 0 0 802513 PROVIDE FUNDING FOR NEEDED NEW EQUIPMENT FOR THE UNIVERSITY MEDICAL CENTER. 802513 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 X BEN DOUGLAS 7026123155 3640 N 5TH ST STE 130 NORTH LAS VEGAS NV 89032 X MICHAEL FORCHE DIRECTOR 0.50 X 0 0 0 STAN HUNTERTON DIRECTOR 0.50 X 0 0 0 HARRY C HAGERTY PRESIDENT 1.00 X 0 0 0 FRANCIS FUSON VICE PRESIDENT 0.50 X 0 0 0 DEANA YOUNG MD SECRETARY 0.50 X 0 0 0 0 0 0 0 0 0 0 0 1040474 943887 7005 1984361 488 488 240531 1040474 240531 0 OTHER REVENUE 900099 12334 12334 12334 1997183 0 0 12822 52317 27415 24902 336187 183590 152597 59143 55730 3413 10466 10466 SUPPLIES 444843 444843 EVENTS 382050 382050 EQUIPMENT RENTAL 357247 118350 238897 FEES 13255 12504 751 1655508 802513 53798 799197 4436907 4924375 708272 57000 323454 5202179 5247829 696436 214380 372164 1266467 708272 0 1776872 1480847 X 3425307 3766982 3425307 3766982 5202179 5247829 341675 0 X 0 1 X 1 0 X 516132 329332 888608 2917046 936882 5588000 127 93 133 593 12822 13768 516259 329425 888741 2917639 949704 5601768 0 0 0 5601768 516259 329425 888741 2917639 949704 5601768 1.00000 1.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 2004188 7005 7005 1997183 0 1997183 1655508 0 1655508 0 1655508 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 TAX EXEMPT 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 2019 THROUGH 2022 REMAIN OPEN FOR POSSIBLE EXAMINATION BY THE INTERNAL REVENUE SERVICE. GALA 1252822 1040474 212348 216140 CAR SHOW 15543 15543 10678 1 12640 12640 13713 1281005 1040474 240531 240531 240531 0 1 PART I, LINE 2: IN 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. SUCH OFFICER'S SIGNATURE MAY BE AFFIXED ONLY TO THOSE CHECKS OR OTHER DISBURSEMENTS THAT HAVE BEEN AUTHORIZED BY A VALIDLY EXECUTED RFD. 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.