2023-08-14T12:47:03-05:00 2022-09-30 PWC US TAX LLP 655 NEW YORK AVE NW STE 1100 WASHINGTON DC 35203 990 2021-10-01 237352886 THE VALLEY FOUNDATION % W SCOTT BENCE VALL 2565397757 301 GOVERNORS DRIVE SW HUNTSVILLE AL 35801 W SCOTT BENCE TREASURER 2565397757 2023-08-11 true W SCOTT BENCE 999009999 TRAVIS L PATTON P00369623 2024141000 2023-08-14 2 2021 2023-04-26 12:10:37Z ROGER SMALLIGAN 301 GOVERNORS DRIVE SW HUNTSVILLE AL 35801 13863490 false X N/A X 1973 AL THE FOUNDATION PROVIDES ASSISTANCE TO THE UNIVERSITY OF ALABAMA AT BIRMINGHAM FOR ITS MEDICAL EDUCATION, TRAINING, AND RESEARCH PROGRAMS. 16 11 36 12 0 0 0 0 10933122 13405777 690533 457713 465000 0 12088655 13863490 215000 295071 0 0 4718580 4970791 0 0 0 5177775 6370019 10111355 11635881 1977300 2227609 15802575 16428294 1345433 1574493 14457142 14853801 X TO GRATEFULLY TREAT ALL PATIENTS AND STAFF WITH COMPASSION, RESPECT AND UNDERSTANDING WHILE PROVIDING THE HIGHEST QUALITY MEDICAL CARE AND SERVICE AVAILABLE IN NORTH ALABAMA. WE ARE DEDICATED TO SATISFYING THE INDIVIDUAL NEEDS OF OUR PATIENTS THROUGH PROVIDING EASY ACCESS TO SERVICES IN A SAFE AND CARING ENVIRONMENT WHERE EVERYONE FEELS SPECIAL. THE SCHOOL OF MEDICINE IS DEDICATED TO THE EDUCATION OF PHYSICIANS AND SCIENTISTS IN ALL OF THE DISCIPLINES OF MEDICINE AND BIOMEDICAL INVESTIGATION FOR CAREERS IN PRACTICE, TEACHING AND RESEARCH. NECESSARY TO THIS EDUCATIONAL MISSION IS THE PROVISION OF OUTSTANDING MEDICAL CARE AND SERVICES AND THE ENHANCEMENT OF NEW KNOWLEDGE THROUGH CLINICAL AND BASIC BIOMEDICAL RESEARCH. false false 7262370 0 13405777 PATIENT CARE SERVICES. PATIENT ENCOUNTERS THIS YEAR WERE 76,224. 3642421 295071 0 SUPPORT TO THE UNIVERSITY OF ALABAMA AT BIRMINGHAM. THE VALLEY FOUNDATION PROVIDES THE UNIVERSITY OF ALABAMA BIRMINGHAM'S HUNTSVILLE REGIONAL MEDICAL CAMPUS ACCESS TO PATIENTS AND MEDICAL SERVICES TO FACILITATE THE CLINICAL TRAINING NECESSARY TO MEET EDUCATIONAL REQUIREMENTS FOR THIRD AND FOURTH YEAR MEDICAL STUDENTS, INTERNAL AND FAMILY MEDICINE RESIDENTS. TRAINING WAS PROVIDED FOR 60 RESIDENTS AND 66 MEDICAL STUDENTS. 507579 0 0 CONTRACTED CLINICAL SERVICES TO PROVIDE TO A LOCAL NURSING HOME, THE MADISON COUNTY MENTAL HEALTH CENTER, HOSPICE & ALETHEIA HOUSE, COUNTY JAIL, THRIVE ALABAMA AND HUNTSVILLE HOSPITAL. 11412370 true false false false false false false false false false true false false false true false true false false false false false false false false false false true false true false false false false false false false false false false false false false true false false false true 11 0 36 true false false false false false false false false false false false false X 16 11 true false false false false false false true true false false true true true true true true true true false X W SCOTT BENCE 2565397757 301 GOVERNORS DRIVE SW SUITE 313G HUNTSVILLE AL 35801 DR SELWYN VICKERS MD CHAIRMAN OF BOARD(UNTIL 08/22) 3.0 44.25 X 0 1768283 135523 MR ROGER SMALLIGAN PRESIDENT / CEO 40.0 20.0 X X 318765 266389 88549 MR DON LILLY BOARD MEMBER 2.0 40.0 X 0 534336 79869 MR JOHN FANNING BOARD MEMBER 25.0 20.0 X 197784 166313 67739 DR ALAN BAGGETT PHYSICIAN 25.0 20.0 X 271320 86640 45903 MR W SCOTT BENCE SECRETARY/TREASURER 40.0 20.0 X 350737 0 33713 DR FARRAH IBRAHIM PHYSICIAN 25.0 25.0 X 161188 109411 57973 DR NANCY BLEVINS BOARD MEMBER 25.0 25.0 X 150446 115859 32237 DR JESSE FAULK PHYSICIAN 40.0 0.0 X 198911 61230 31880 MR CLINTON MARTIN BOARD MEMBER 25.0 15.0 X 131599 105822 42799 DR KATHERINE MOODY PHYSICIAN 40.0 0.0 X 160095 65666 14028 DR MARSHA DANIELL PHYSICIAN 40.0 0.0 X 169071 27053 17570 MR CHARLES H JONES BOARD MEMBER 2.0 0.0 X 0 0 0 MR DANA TOWN BOARD MEMBER 3.0 0.0 X 0 0 0 MR DEVYN KEITH BOARD MEMBER 1.0 0.0 X 0 0 0 MR JOHN WYNN BOARD MEMBER 1.0 0.0 X 0 0 0 DR LAKSHMI NALLAMALA BOARD MEMBER 2.0 0.0 X 0 0 0 MR MICHAEL AHEARN BOARD MEMBER 1.0 0.0 X 0 0 0 MR PETER LOWE BOARD MEMBER 2.0 0.0 X 0 0 0 MR RONALD GRAY BOARD MEMBER 2.0 0.0 X 0 0 0 HON SCHUYLER RICHARDSON BOARD MEMBER 1.0 0.0 X 0 0 0 MR TIM HOWARD BOARD MEMBER 2.0 0.0 X 0 0 0 MR WILLIAM BRITT SEXTON BOARD MEMBER 1.0 1.0 X 0 0 0 MR THOMAS YOUNG BOARD MEMBER (UNTIL 09/2021) 0.0 0.0 X 0 0 0 2109916 3307002 647783 22 true true false NONE 0 0 NET PATIENT REVENUE 900099 12213189 12213189 0 0 PAYER INCENTIVES 900099 68803 68803 0 0 MISCELLANEOUS 900099 1123785 1123785 0 0 13405777 335763 0 0 335763 0 0 0 0 0 121950 121950 121950 0 0 121950 0 0 0 0 0 0 0 0 0 0 13863490 13405777 0 457713 295071 295071 0 0 0 1247006 1247006 0 0 0 2824796 2824796 0 0 0 690556 690556 0 0 208433 208433 0 0 0 0 49451 0 49451 0 0 0 9553 9553 133395 114525 18870 0 18675 17325 1350 0 42038 5058 36980 0 0 0 0 0 0 3546 0 3546 0 10622 0 10622 0 0 31939 6953 24986 0 0 0 0 262591 257239 5352 0 HEALTH SERVICES 3596189 3596189 0 0 BAD DEBT EXPENSES 1950669 1950669 0 0 DUES & SUBSCRIPTIONS 50529 50529 0 0 ENTERTAINMENT 63714 3221 60493 0 147108 144800 2308 11635881 11412370 223511 0 277 277 4869929 4214640 0 0 967309 2159672 0 0 0 0 0 0 0 0 0 0 135332 135332 9965060 10053705 0 0 0 0 0 0 0 0 15802575 16428294 1339015 1424493 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6418 150000 1345433 1574493 X 14457142 14853801 0 0 14457142 14853801 15802575 16428294 2227609 -1830950 X false true X true false X 0 0 0 0 0 0 9489803 9333199 9992884 10933122 13405777 53154785 0 0 0 9489803 9333199 9992884 10933122 13405777 53154785 0 0 0 53154785 337967 379997 344946 309098 335763 1707771 0 337967 379997 344946 309098 335763 1707771 0 0 9827770 9713196 10337830 11242220 13741540 54862556 0.96887 0.96552 0.03113 0.03448 X 135332 135332 0 HUNTSVILLE HOSP RECRUITMENT LOAN 150000 150000 10072318 -1830950 -1960222 -3791172 13863490 13863490 9675659 9675659 9553 1950669 1960222 11635881 PART XI, LINE 2D: PROVISION FOR BAD DEBTS: ($1,950,669) INVESTMENT EXPENSES: ($9,553) ----------- TOTAL: ($1,960,222) PART XII, LINE 4B: PROVISION FOR BAD DEBTS: $1,950,669 true UNIVERSITY OF ALABAMA SCHOOL OF MEDICINE 510 20TH ST S BIRMINGHAM AL 35210 636001138 501(C)(3) 295071 SPRT ACAD. MISSION 1 SCHEDULE I, PART I, LINE 2: USE OF FUNDS ARE MONITORED BY THE FINANCIAL OFFICER AND TREASURER THROUGH NORMAL APPROVAL PATHS IN ACCORDANCE WITH THE RULES SET BY THE GRANTING AGENCY. X X X X X false false false false false false false false false DR ALAN BAGGETT PHYSICIAN 232820 86131 38500 400 0 109 9409 15307 2482 18705 283211 120652 0 0 DR FARRAH IBRAHIM PHYSICIAN 122688 108489 38500 400 0 522 10768 44200 2596 409 174552 154020 0 0 MR JOHN FANNING BOARD MEMBER 122784 164958 75000 400 0 955 13000 28612 2122 24005 212906 218930 0 0 DR KATHERINE MOODY PHYSICIAN 123972 65216 36123 400 0 50 11114 0 2668 246 173877 65912 0 0 DR MARSHA DANIELL PHYSICIAN 121533 27053 47538 0 0 0 14042 0 3426 102 186539 27155 0 0 DR NANCY BLEVINS BOARD MEMBER 88948 114376 61498 400 0 1083 8903 19876 3027 431 162376 136166 0 0 MR ROGER SMALLIGAN PRESIDENT / CEO 241265 262714 77500 400 0 3275 17335 44531 5963 20720 342063 331640 0 0 DR SELWYN VICKERS MD CHAIRMAN OF BOARD(UNTIL 08/22) 0 876023 0 700823 0 191437 0 102395 0 33128 0 1903806 0 0 MR W SCOTT BENCE SECRETARY/TREASURER 298237 0 52500 0 0 0 29601 0 4112 0 384450 0 0 0 MR CLINTON MARTIN BOARD MEMBER 80199 105275 51400 400 0 147 11670 21982 1942 7205 145211 135009 0 0 MR DON LILLY BOARD MEMBER 0 349043 0 130493 0 54800 0 58000 0 21869 0 614205 0 0 DR JESSE FAULK PHYSICIAN 156411 60792 42500 400 0 38 11000 6837 2654 11389 212565 79456 0 0 FORM 990, PART VI, LINE 2: MICHAEL AHEARN AND PETER LOWE - FAMILY RELATIONSHIP FORM 990, PART VI, LINE 11B: THE FINANCE COMMITTEE AND THE BOARD OF DIRECTORS REVIEW THE FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, LINE 12C: ANNUAL DISCLOSURES ARE MADE AND SUBMITTED TO LEGAL COUNSEL FOR REVIEW AND MITIGATION SUGGESTIONS. AN AD-HOC COMMITTEE OF THE BOARD THEN REVIEWS AND ENFORCES COMPLIANCE WITH THE POLICY. FORM 990, PART VI, LINES 15A & 15B: THE COMPENSATION COMMITTEE OF BOARD RETAINS SOLE APPROVAL AUTHORITY FOR COMPENSATION AND IS COMPRISED OF INDEPENDENT DIRECTORS. THE COMPENSATION COMMITTEE REVIEWS AND COMPARES CURRENT SALARY TO NATIONAL SALARY/WAGE DATA FOR SIMILARLY SITUATED INDIVIDUALS. FORM 990, PART VI, LINE 19: THE VALLEY FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ONLY UPON REQUEST. SEE ATTACHMENT NA SEE ATTACHMENT NA false true false false false false false false false false false false true true true true false false false FORM 990, SCHEDULE R, PART II - NAMES OF RELATED ORGANIZATIONS: THE ATTACHED LIST OF ENTITIES ARE FOUNDATIONS OR SUBSIDIARIES AFFILIATED WITH THE UNIVERSITY OF ALABAMA SYSTEM AND ITS VARIOUS CAMPUSES. SOME OF THESE ENTITIES MAY NOT MEET THE IRS DEFINITION OF "RELATED ORGANIZATION" FOR PURPOSES OF SCHEDULE R. THEY ARE INCLUDED, HOWEVER, ON THIS ATTACHED STATEMENT FOR PURPOSES OF COMPLETENESS AND TRANSPARENCY. ALABAMA CARE NETWORK MID-STATE (EXEMPT) ALABAMA CARE NETWORK SOUTHEAST (EXEMPT) ALABAMA ENGINEERING FOUNDATION, INC. (EXEMPT) ALABAMA PHYSICIAN NETWORK, LLC (LLC) CAMPUS HOSPITALITY SERVICES, LLC (LLC) CAPSTONE EDUCATIONAL AND RESEARCH FOUNDATION (EXEMPT) CAPSTONE HEALTH SERVICES FOUNDATION, P.C. (EXEMPT) COMMERCIAL REAL ESTATE, LLC (LLC) COOPER GREEN MERCY HEALTH SERVICES AUTHORITY, AN AFFILIATE OF UAB MEDICINE ENTERPRISE (C CORP) COOPER GREEN REHABILITATION SERVICES (EXEMPT) CRIMSON TIDE FOUNDATION (EXEMPT) GORGAS MEMORIAL INSTITUTE OF TROPICAL AND PREVENTATIVE MEDICINE, INC. (C CORP) MEDICAL TOWERS, INC. (C CORP) MEDICAL WEST HOSPITAL AUTHORITY, AN AFFILIATE OF UAB MEDICINE ENTERPRISE (EXEMPT) RIDGECREST STUDENT HOUSING, LLC (LLC) SOUTHERN RESEARCH INSTITUTE (EXEMPT) THE 1831 FOUNDATION (EXEMPT) THE ALABAMA "A" CLUB EDUCATIONAL AND CHARITABLE FOUNDATION (EXEMPT) THE ALUMNI ASSOCIATION OF THE UNIVERSITY OF ALABAMA SCHOOL OF MEDICINE (EXEMPT) THE BOARD OF TRUSTEES OF THE UNIVERSITY OF ALABAMA (EXEMPT) THE CAPSTONE FOUNDATION (EXEMPT) THE HEALTH CARE AUTHORITY FOR BAPTIST HEALTH, AN AFFILIATE OF UAB MEDICINE ENTERPRISE (C CORP) THE KIRKLIN CLINIC, INC. (C CORP) THE NATIONAL ALUMNI ASSOCIATION OF THE UNIVERSITY OF ALABAMA (EXEMPT) THE NATIONAL ALUMNI SOCIETY OF THE UNIVERSITY OF ALABAMA AT BIRMINGHAM (EXEMPT) THE UAB DIABETES TRUST FOUNDATION (EXEMPT) THE UAB EDUCATIONAL FOUNDATION (EXEMPT) THE UAB RESEARCH FOUNDATION (EXEMPT) THE UNIVERSITY FOUNDATION (EXEMPT) THE UNIVERSITY OF ALABAMA "A" CLUB ALUMNI ASSOCIATION (EXEMPT) THE UNIVERSITY OF ALABAMA DONOR ADVISED FUND (EXEMPT) THE UNIVERSITY OF ALABAMA IN HUNTSVILLE PUBLIC EDUCATION BUILDING AUTHORITY (EXEMPT) THE UNIVERSITY OF ALABAMA IN HUNTSVILLE RESEARCH AND TECHNOLOGY CORPORATION (EXEMPT) THE UNIVERSITY OF ALABAMA LAW SCHOOL FOUNDATION (EXEMPT) THE UNIVERSITY OF ALABAMA OPHTHALMOLOGY SERVICES FOUNDATION (EXEMPT) THE VALLEY FOUNDATION (EXEMPT) THE WORKPLACE, INC. (C CORP) TRITON HEALTH SYSTEMS, LLC (LLC) UA-ASU-TSU EDUCATIONAL RADIO CORPORATION (EXEMPT) UAB ATHLETICS FOUNDATION (EXEMPT) UAB CALLAHAN EYE HOSPITAL AUTHORITY (EXEMPT) UAB HEALTH SYSTEM AUTHORITY (EXEMPT) UAB HOSPITAL MANAGEMENT, LLC (LLC) UAB MEDICINE ENTERPRISE (EXEMPT) UAB MEDICINE FINANCE AUTHORITY (C CORP) UAB-SVHS, INC. (EXEMPT) UNIVERSITY OF ALABAMA HEALTH SERVICES FOUNDATION, P.C. (EXEMPT) UNIVERSITY OF ALABAMA HUNTSVILLE FOUNDATION (EXEMPT) VIVA HEALTH ADMINISTRATION, LLC (LLC) VIVA HEALTH, INC. (EXEMPT)