2022-03-25T13:14:58-05:00 2021-06-30 135565207 KPMG LLP 4200 WELLS FARGO CTR 90 S 7TH MINNEAPOLIS MN 55402 990 2020-07-01 411843943 UNIVERSITY OF MINNESOTA PHYSICIANS UNIV 6128840918 720 WASHINGTON AVE SE NO 200 MINNEAPOLIS MN 55414 PETER MITSCH CFO 6128840918 2022-03-23 1 PETER MITSCH 999009999 HOLLY MOEN P01800653 6123055000 2022-03-09 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z BEVAN YUEH 720 WASHINGTON AVE SE NO 200 MINNEAPOLIS MN 55414 720016357 0 X WWW.UMPHYSICIANS.ORG X 1996 MN TO PROVIDE THE HIGHEST QUALITY HEALTHCARE TO PATIENTS AND THEIR FAMILIES. 22 6 4138 0 0 0 0 0 701785517 720016357 929351 -216932 0 0 702714868 719799425 1560812 13386132 0 0 599729286 636923980 0 0 0 73746496 54355657 675036594 704665769 27678274 15133656 262112916 265968943 142666256 142898724 119446660 123070219 X SEE SCHEDULE O. UNIVERSITY OF MINNESOTA PHYSICIANS IS A MULTI-SPECIALTY PHYSICIAN ORGANIZATION DEDICATED TO PROVIDING QUALITY, PATIENT FOCUSED CARE. WE SERVE AS THE INTEGRATED GROUP PRACTICE FOR THE UNIVERSITY OF MINNESOTA MEDICAL SCHOOL FULL-TIME FACULTY. COMMITTED TO OUR WORK EFFORTS TO ADVANCE MEDICAL KNOWLEDGE AND EDUCATION, WE SUPPORT THE RESEARCH AND EDUCATION MISSION OF THE MEDICAL SCHOOL. 0 0 657359964 13386132 720016357 PROVIDED MEDICAL DIAGNOSIS, TREATMENT, AND CARE FOR AREA RESIDENTS. SUPPORTED INSTRUCTION OF MEDICAL STUDENTS, INTERNS, AND RESIDENTS. 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HOWEVER, UNIVERSITY OF MINNESOTA PHYSICIANS DOES NOT CURRENTLY OPERATE ANY LICENSED HOSPITAL FACILITIES; THEREFORE, NO SCHEDULE H IS REQUIRED. 6844004 4538788 2305216 4105655 2910752 1194903 20716822 11938346 8778476 12278595 CONTRACTS & OTHER RECEIVABLES 89668045 89668045 X PART X, LINE 2: UMPHYSICIANS HAS ADOPTED GUIDANCE IN THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE STANDARD REQUIRES AN ORGANIZATION TO DETERMINE WHETHER IT IS MORE LIKELY THAN NOT THAT A TAX POSITION WILL BE SUSTAINED UPON EXAMINATION ON THE TECHNICAL MERITS OF THE POSITION, ASSUMING THE TAXING AUTHORITY HAS FULL KNOWLEDGE OF ALL INFORMATION. IF THE TAX POSITION DOES NOT MEET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD, THE BENEFIT OF THAT POSITION IS NOT RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS. UMPHYSICIANS RECORDED NO ASSETS OR LIABILITIES RELATED TO UNCERTAIN TAX POSITIONS OR UNRECOGNIZED TAX BENEFITS AS A RESULT OF THE ADOPTION OF THE STANDARD. FEDERAL RETURNS FOR THE PERIODS ENDING JUNE 30, 2016 THROUGH JUNE 30, 2021 REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 10635742 0 0 0 0 0 0 10635742 0 10635742 1 0 1 0 0 0 PART III ACCOUNTING METHOD: 0 UNIVERSITY OF MINNESOTA 420 DELAWARE STREET MINNEAPOLIS MN 55455 416007513 115 13386132 EDUCATION & RESEARCH 1 PART I, LINE 2: ASSISTANCE WAS TO RELATED ORGANIZATIONS, FUNDS ARE MONITORED BY MANAGEMENT, UNIVERSITY OF MINNESOTA AND THE RELATED GOVERNING BODIES. 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HOWEVER, THIS SUBSIDIARY IS NOT INCLUDED AS PART OF THIS FORM 990. FORM 990, PART VI, SECTION A, LINE 7B THE BY-LAWS OF THE ORGANIZATION GRANT THE DEAN OF THE MEDICAL SCHOOL CERTAIN DECISION MAKING CAPABILITIES AS APPLICABLE. THE BOARD OF REGENTS OF THE UNIVERSITY OF MINNESOTA (BOARD OF REGENTS), IS A PUBLIC CORPORATE BODY ORGANIZED AND EXISTING UNDER THE CONSTITUTION AND LAWS OF THE STATEOF MINNESOTA. THE CORPORATION EXISTS UNDER THE PROVISIONS OF THE MEDICAL SERVICE PLAN AS ADOPTED BY THE BOARD OF THE REGENTS. THEREFORE, CERTAIN ACTIONS TAKEN BY THE CORPORATION REQUIRE APPROVAL BY THE BOARD OF REGENTS. IN ADDITION, CERTAIN MATTERS TAKEN UP BY THE CORPORATION'S BOARD OF DIRECTORS MAY REQUIRE MEMBER APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY AT A BOARD MEETING BEFORE THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS, OFFICERS AND EMPLOYEES ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM WHICH IS ANNUALLY REVIEWED BY MANAGEMENT AND OUTSIDE LEGAL COUNSEL IF NECESSARY. IF ANY OFFICER, DIRECTOR OR COMMITTEEMEMBER OF THE CORPORATION IS CONSIDERED TO HAVE CONFLICT OF INTEREST, THEY SHOULD GIVE THE BOARD OF THE CORPORATION NOTICE OF SUCH INTEREST OR RELATIONSHIP AND SHALL THEREAFTER REFRAIN FROM VOTING OR OTHERWISE ATTEMPTING TO EXERT ANY INFLUENCE ON THE CORPORATION TO AFFECT ITS DECISION TO PARTICIPATE OR NOT PARTICIPATE IN SUCH TRANSACTION. THE INTERESTED OFFICER, DIRECTOR OR COMMITTEE MEMBER SHALL LEAVE ANY MEETING DURING ANY DISCUSSION OF A MATTER IN WHICH SUCH INDIVIDUAL IS CONSIDERED TO HAVE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS A FORMAL REVIEW PROCESS IN ITS HUMAN RESOURCE DEPARTMENT THAT UTILIZES A COMPENSATION DIRECTOR, COMPENSATION ANALYST WHO BENCHMARK AND REPORT LOCAL AND NATIONAL DATA AND SUGGEST GRADE LEVELS FOR COMMITTEE REVIEW. THE ORGANIZATION HAS AN EXECUTIVE COMPENSATION COMMITTEE THAT REPORTS DIRECTLY TO THE BOARD OF DIRECTORS. THE COMMITTEE INCLUDES COMMUNITY MEMBERS WHO ARE ENTIRELY EXTERNAL TO THE ORGANIZATION. IT ALSO USES COMPENSATION BENCHMARKING AND A FORMAL EMPLOYEE REVIEW PROCESS AS A GUIDE FOR SETTING AND REVIEWING COMPENSATION. THE LAST REVIEW, CONDUCTED BY EXTERNAL CONSULTANTS, WAS COMPLETED DURING 2016 AND WHILE REVIEWS ARE DONE EACH YEAR, EXTERNAL REVIEWS ARE PERFORMED APPROXIMATELY EVERY TWO YEARS. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC FOR VIEWING AT THE MAIN OFFICE DURING NORMAL BUSINESS HOURS. FORM 990, PART IX, LINE 1: UMPHYSICIANS MAKES VOLUNTARY TRANSFERS TO THE UNIVERSITY OF MINNESOTA MEDICAL SCHOOL TO SUPPORT RESEARCH, EDUCATION AND CLINICAL EXPENSES. BECAUSE THESE TRANSFERS ARE VOLUNTARY, THEY HAVE BEEN REPORTED ON PART IX, LINE 1 AS GRANTS. THEY HAVE ALSO BEEN REPORTED ON SCHEDULE I AS GRANTS. FORM 990, PART XI, LINE 9: INVESTMENT IN UMPAC -9,617,099. UMPHYSICIANS MANAGEMENT COMPANY LLC 720 WASHINGTON AVE SE STE 200 MINNEAPOLIS MN 55414 273616692 MANAGEMENT MN 0 0 UMP UNIVERSITY OF MINNESOTA 1425 UNIVERSITY AVE SE MINNEAPOLIS MN 55455 416007513 PUBLIC UNIVERSITY MN 115 N/A N/A 0 UMP ASSURANCE COMPANY BUCKINGHAM SQUARE 720 WEST BAY RD GRAND CAYMAN CJ 980445809 SELF-INSURANCE CJ UMPHYSICIANS C 10982800 30391218 1.00000 1 0 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 1 UNIV OF MN PHYSICIANS ASSURANCE COMPANY P 10982800 ACTUAL COST UNIV OF MN PHYSICIANS ASSURANCE COMPANY Q 3587143 ACTUAL COST