2022-08-11T16:51:33-05:00 2021-09-30 PricewaterhouseCoopers LLP 655 NEW YORK AVE NW STE 1100 WASHINGTON DC 20001 990 2020-10-01 237352886 THE VALLEY FOUNDATION % W SCOTT BENCE VALL 2565397757 301 GOVERNORS DRIVE SW HUNTSVILLE AL 35801 W SCOTT BENCE TREASURER 2565397757 2022-08-10 true W SCOTT BENCE 999009999 TRAVIS L PATTON P00369623 2024141000 2022-08-10 2 2020 2022-09-23 18:48:47Z ROGER SMALLIGAN 301 GOVERNORS DRIVE SW HUNTSVILLE AL 35801 12088655 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. 18 12 35 12 0 0 0 0 9992884 10933122 184561 690533 0 465000 10177445 12088655 120000 215000 0 0 4516297 4718580 0 0 0 4913541 5177775 9549838 10111355 627607 1977300 14705356 15802575 3664624 1345433 11040732 14457142 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 6087893 0 10933122 PATIENT CARE SERVICES. PATIENT ENCOUNTERS THIS YEAR WERE 72,067. 3441253 215000 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 59 RESIDENTS AND 66 MEDICAL STUDENTS. 427232 0 0 CONTRACTED CLINICAL SERVICES PROVIDED AT A LOCAL NURSING HOME, THE MADISON COUNTY MENTAL HEALTH CENTER, HOSPICE, ALETHEIA HOUSE, COUNTY JAIL, HUNTSVILLE HOSPITAL, & THRIVE ALABAMA. 9956378 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 62 0 35 true false false false false false false false false false false false false X 18 12 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 THE BOARD 3.0 44.0 X X 0 1485461 147239 MR ROGER SMALLIGAN PRESIDENT / CEO 40.0 20.0 X X 337559 262318 94149 MR DON LILLY BOARD MEMBER 2.0 40.0 X 0 498750 75407 MR JOHN FANNING BOARD MEMBER 25.0 20.0 X 181179 164813 65465 DR ALAN BAGGETT PHYSICIAN 25.0 20.0 X 292631 78452 34659 MR W SCOTT BENCE SECRETARY/TREASURER 40.0 20.0 X 343509 0 36180 DR FARRAH IBRAHIM PHYSICIAN 25.0 25.0 X 181179 100775 56765 DR NANCY BLEVINS BOARD MEMBER 25.0 25.0 X 150173 114628 32984 DR PAREKHA YEDLA PHYSICIAN 25.0 20.0 X 168692 86992 32170 MR CLINTON MARTIN BOARD MEMBER 25.0 15.0 X 138100 106234 37315 DR KATHERINE MOODY PHYSICIAN 40.0 0.0 X 162248 68337 22399 DR MARSHA DANIELL PHYSICIAN 40.0 0.0 X 163949 27053 13599 MS PAULA WYRE SECRETARY (UNTIL 12/20) 40.0 0.0 X 151345 0 17415 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 1.0 X 0 0 0 HON SCHUYLER RICHARDSON BOARD MEMBER 1.0 0.0 X 0 0 0 MR THOMAS YOUNG 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 2270564 2993813 665746 20 false true false NONE 0 0 NET PATIENT REVENUE 900099 9876288 9876288 0 0 PAYER INCENTIVES 900099 125025 125025 0 0 MISCELLANEOUS 900099 931809 931809 0 0 10933122 309098 0 0 309098 0 0 0 0 0 381435 381435 381435 0 0 381435 0 0 0 0 0 0 0 0 0 LOAN FORGIVENESS 900099 465000 465000 465000 12088655 11398122 0 690533 215000 215000 0 0 0 1419902 1419902 0 0 0 2734891 2734891 0 0 0 349745 349745 0 0 214042 214042 0 0 0 0 51379 0 51379 0 0 0 9805 0 9805 0 236403 200937 35466 11645 10270 1375 0 4950 531 4419 0 7186 305 6881 0 0 40796 10987 29809 0 595 104 491 0 0 11774 11774 0 0 0 0 0 255499 251573 3926 0 BAD DEBT EXPENSES 1044022 1044022 HEALTH SERVICES 3395022 3395022 0 0 ENTERTAINMENT 61408 49982 11426 0 DUES & SUBSCRIPTIONS 35530 35530 0 0 11761 11761 10111355 9956378 154977 0 611 277 5631351 4869929 0 0 985004 967309 0 0 0 0 0 0 0 0 0 0 135332 135332 8088390 9965060 0 0 0 0 0 0 0 0 14705356 15802575 3009828 1339015 0 0 0 0 0 0 0 0 0 0 0 0 0 0 654796 6418 3664624 1345433 X 11040732 14457142 0 0 11040732 14457142 14705356 15802575 1977300 1439110 X false true X true false X 0 0 0 0 0 0 8081190 9489803 9333199 9992884 10933122 47830198 0 0 0 8081190 9489803 9333199 9992884 10933122 47830198 0 0 0 47830198 335994 337967 379997 344946 309098 1708002 0 335994 337967 379997 344946 309098 1708002 0 0 8417184 9827770 9713196 10337830 11242220 49538200 0.96552 0.96285 0.03448 0.03715 X 135332 135332 0 0 0 DUE TO STATE/UNCLAIMED PROPERTY 6418 6418 12473938 1439110 -1053827 385283 12088655 12088655 9057528 9057528 9805 1044022 1053827 10111355 PART XI, LINE 2D: PROVISION FOR BAD DEBTS: ($1,044,022) INVESTMENT EXPENSES: ($9,805) ----------- TOTAL: ($1,053,827) PART XII, LINE 4B: PROVISION FOR BAD DEBTS: $1,044,022 true UNIVERSITY OF ALABAMA SCHOOL OF MEDICINE 510 20TH ST S BIRMINGHAM AL 35210 636001138 501(C)(3) 215000 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 234631 78366 58000 0 0 86 8994 14188 2482 8995 304107 101635 0 0 DR FARRAH IBRAHIM PHYSICIAN 115179 100294 66000 0 0 481 10292 43462 2596 415 194067 144652 0 0 MR JOHN FANNING BOARD MEMBER 115179 163865 66000 0 0 948 10292 28543 2596 24034 194067 217390 0 0 DR KATHERINE MOODY PHYSICIAN 128700 68289 33548 0 0 48 11724 7724 2668 283 176640 76344 0 0 DR MARSHA DANIELL PHYSICIAN 122797 27053 41152 0 0 0 10061 0 3426 112 177436 27165 0 0 DR NANCY BLEVINS BOARD MEMBER 89025 113675 61148 0 0 953 9644 19793 3077 470 162894 134891 0 0 DR PAREKHA YEDLA PHYSICIAN 110692 86736 58000 0 0 256 9663 15816 2221 4470 180576 107278 0 0 MS PAULA WYRE SECRETARY (UNTIL 12/20) 131345 0 20000 0 0 0 13984 0 3431 0 168760 0 0 0 MR ROGER SMALLIGAN PRESIDENT / CEO 272559 260053 65000 0 0 2265 18780 44375 5963 25031 362302 331724 0 0 DR SELWYN VICKERS MD CHAIRMAN OF THE BOARD 0 867187 0 428680 0 189594 0 118918 0 28321 0 1632700 0 0 MR W SCOTT BENCE SECRETARY/TREASURER 298509 0 45000 0 0 0 32068 0 4112 0 379689 0 0 0 MR CLINTON MARTIN BOARD MEMBER 86700 106093 51400 0 0 141 12083 17468 2007 5757 152190 129459 0 0 MR DON LILLY BOARD MEMBER 0 354194 0 107526 0 37030 0 57000 0 18407 0 574157 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 CENTRAL (EXEMPT) ALABAMA CARE NETWORK EAST (EXEMPT) ALABAMA CARE NETWORK MID-STATE (EXEMPT) ALABAMA CARE NETWORK SOUTHEAST (EXEMPT) ALABAMA CARE PLAN (EXEMPT) ALABAMA ENGINEERING FOUNDATION, INC. (EXEMPT) ALABAMA PHYSICIAN NETWORK, LLC (LLC) ALUMNI OF FARRAH ORDER OF JURISPRUDENCE AND ORDER OF THE COIF (EXEMPT) CAMPUS HOSPITALITY SERVICES, LLC (LLC) CAPSTONE EDUCATIONAL AND RESEARCH FOUNDATION (EXEMPT) CAPSTONE HEALTH SERVICES FOUNDATION, P.C. (EXEMPT) CARE NETWORK OF ALABAMA, INC. (EXEMPT) COMMERCIAL REAL ESTATE, LLC (LLC) COOPER GREEN MERCY HEALTH SERVICES AUTHORITY, AN AFFILIATE OF UAB HEALTH SYSTEM (C CORP) COOPER GREEN REHABILITATION SERVICES (EXEMPT) CRIMSON TIDE FOUNDATION (EXEMPT) EMINENT SCHOLARS 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 HEALTH SYSTEM (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 HEALTH SYSTEM (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 (EXEMPT) UAB HEALTH SYSTEM AUTHORITY (EXEMPT) UAB HOSPITAL MANAGEMENT, LLC (LLC) UAB MEDICINE ENTERPRISE (C CORP) UAB MEDICINE FINANCE AUTHORITY (C CORP) UAB-SVCHS, 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)