2020-07-13T15:13:39-05:00 2019-06-30 ERNST & YOUNG US LLP 200 CLARENDON STREET BOSTON MA 021165072 990 2018-07-01 043108190 The UMass Memorial Foundation Inc % JENNIFER ROBINSON UMAS 5088568989 333 SOUTH STREET Suite 290 SHREWSBURY MA 01545 JOHN R HAYES JR TREASURER 2020-07-09 true Mike A Cincotta P01595811 6172662000 2020-07-07 73.186.87.208 02007720201955000000 2020-07-13 P 11D0BFD9D0D1FBED7FB6BE9417472DE4A9F8F0D4 A5F2FECDAE8DB169B1E75CE6C5EFBEE0D18B6ED7 2018 2020-11-19 02:30:22Z MICHAEL F COLLINS MD 333 SOUTH ST 4th FLOOR SHREWSBURY MA 01545 0 false X WWW.UMASSMED.EDU/ADVANCEMENT/ X 1998 MA SEE SCHEDULE O 4 1 0 350 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 362765 470516 362765 470516 -362765 -470516 15698125 7286016 15698125 7286016 0 0 X SEE SCHEDULE O false false 0 0 0 THE UMASS MEMORIAL FOUNDATION, INC. RECEIVES AND DISTRIBUTES CHARITABLE GIFTS AND PROVIDES ADVICE AND ASSISTANCE TO THE ADVANCEMENT OFFICE OF THE UNIVERSITY OF MASSACHUSETTS WORCESTER, PARTICULARLY WITH RESPECT TO FUNDRAISING AND PHILANTHROPIC ACTIVITIES INTENDED TO BENEFIT THE UNIVERSITY'S MEDICAL SCHOOL, THE UNIVERSITY OF MASSACHUSETTS FOUNDATION, INC AND UMASS MEMORIAL HEALTH CARE, INC., AND ANY OR ALL OF ITS NON-PROFIT SUBSIDIARIES AND AFFILIATES. ACCOUNTING AND TREASURY SERVICES AND SPACE ARE DONATED BY THE UNIVERSITY OF MASSACHUSETTS MEDICAL SCHOOL. TOTAL DONATED SERVICES AND SPACE RECEIVED WERE $470,516. 0 true false false false false false false false false false false false false true true false true false false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 0 0 0 false false false false false false false false false false false false X 4 1 true false false false false false false true false false false true true true true true true false false false MA X JENNIFER ROBINSON 5088568989 333 SOUTH STREET SHREWSBURY MA 01545 JOHN R HAYES JR TREASURER 1.0 39.0 X X 0 339449 73682 MARY C DEFEUDIS CHAIR (RESIGNED 07/01/19) 0.5 0.0 X X 0 0 0 ERIC W DICKSON MD DIRECTOR (RESIGNED 01/01/20) 1.0 39.0 X 0 2087540 342802 MICHAEL F COLLINS MD PRES./CHIEF EXECUTIVE OFFICER 1.0 39.0 X X 0 1162307 81949 0 3589296 498433 0 false true false NONE 0 0 0 0 All other program service revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 All other revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ADMINISTRATIVE EXPENSES 470516 0 470516 0 470516 0 470516 0 0 0 0 0 0 14815475 6537244 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 882650 748772 15698125 7286016 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 15698125 7286016 15698125 7286016 X 0 0 0 0 0 0 0 0 15698125 7286016 -470516 0 470516 0 0 X false true X true false X X 2 UNIVERSITY OF MA MEDICAL SCHOOL 043167352 5 true 0 0 UMass Memorial Health Care Inc 043358566 3 true 0 0 2 0 true true false false false false false false false false false false false false false true true true X true true false false FORM 990, SCHEDULE A, Part IV, Section A, Line 2 The University of Massachusetts medical school is a governmental entity and is not required to obtain an IRS determination letter. FORM 990, SCHEDULE A, Part IV, Section D, Line 3 THE UMASS MEMORIAL FOUNDATION, INC DOES NOT HOLD, INVEST OR DIRECT THE ASSETS. THE SUPPORTED ORGANIZATIONS HOLD THE FUNDS. THEY HAVE A SIGNIFICANT VOICE IN DIRECTING THEIR INCOME AND ASSETS. FORM 990, SCHEDULE A, Part IV, Section e, Line 2a THE UMASS MEMORIAL FOUNDATION, INC. RECEIVES AND DISTRIBUTES CHARITABLE GIFTS AND PROVIDES ADVICE AND ASSISTANCE TO THE ADVANCEMENT OFFICE OF THE UNIVERSITY OF MASSACHUSETTS WORCESTER, PARTICULARLY WITH RESPECT TO FUNDRAISING AND PHILANTHROPIC ACTIVITIES INTENDED TO BENEFIT THE UNIVERSITY'S MEDICAL SCHOOL, AND UMASS MEMORIAL HEALTH CARE, INC. FORM 990, SCHEDULE A, Part IV, Section e, Line 2b THE UMASS MEMORIAL FOUNDATION, INC. OPERATES EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES TO PROMOTE AND ASSIST THE ADVANCEMENT OFFICE OF THE UNIVERSITY OF MASSACHUSETTS MEDICAL SCHOOL AND UMASS MEMORIAL HEALTH CARE, INC. REC. FROM UMASS (CASH) 748772 748772 0 RELATED PARTY PAYABLE 7286016 7286016 470516 470516 470516 0 0 0 470516 0 0 470516 0 0 470516 false true false false false false false false false JOHN R HAYES JR TREASURER 0 335232 0 0 0 4217 0 55000 0 18682 0 413131 0 0 ERIC W DICKSON MD DIRECTOR (RESIGNED 01/01/20) 0 1261929 0 736399 0 89212 0 313114 0 29688 0 2430342 0 84154 MICHAEL F COLLINS MD PRES./CHIEF EXECUTIVE OFFICER 0 734655 0 326975 0 100677 0 55000 0 26949 0 1244256 0 0 FORM 990, SCHEDULE J, PART I, LINE 3 UMASS MEMORIAL FOUNDATION, INC. HAS NO EMPLOYEES AND PAYS NO COMPENSATION. THE INDIVIDUALS LISTED ON SCHEDULE J, PART II RECEIVED COMPENSATION AND BENEFITS FROM THE UNIVERSITY OF MASSACHUSETTS MEDICAL SCHOOL, AND UMASS MEMORIAL HEALTH CARE, INC., RELATED ORGANIZATIONS. FORM 990, SCHEDULE J, PART I, LINE 4B ERIC W. DICKSON PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. HE RECEIVED $ 84,154 FROM THIS PLAN DURING THE YEAR. Form 990, Part I, Line 1 and Part III, Line 1 MISSION STATEMENT THE UMASS MEMORIAL FOUNDATION, INC. IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, TO RECEIVE AND DISTRIBUTE CHARITABLE GIFTS AND TO PROVIDE ADVICE AND ASSISTANCE TO THE ADVANCEMENT OFFICE OF THE UNIVERSITY OF MASSACHUSETTS WORCESTER, PARTICULARLY WITH RESPECT TO FUNDRAISING AND PHILANTHROPIC ACTIVITIES INTENDED TO BENEFIT THE UNIVERSITYS MEDICAL SCHOOL, THE UNIVERSITY OF MASSACHUSETTS FOUNDATION, INC., UMASS MEMORIAL HEALTH CARE, INC. AND ANY OR ALL OF ITS NON-PROFIT SUBSIDIARIES AND AFFILIATES, AND TO CARRY ON ANY OTHER ACTIVITY THAT MAY BE LAWFULLY CARRIED ON BY A CORPORATION FORMED UNDER CHAPTER 180 OF MASSACHUSETTS GENERAL LAWS AND WHICH IS NOT INCONSISTENT WITH THE CORPORATIONS QUALIFICATION AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. FORM 990, PART I, LINE 4 AND PART VI, LINE 1B THE FILING ORGANIZATION HAS ONLY ONE INDEPENDENT MEMBER OF THE GOVERNING BODY BECAUSE MEMBERS OF THE GOVERNING BODY ARE COMPENSATED BY A RELATED ORGANIZATION. HOWEVER, THE FILING ORGANIZATION IS PART OF AN INTEGRATED DELIVERY SYSTEM OF ORGANIZATIONS. THERE HAS BEEN NO MATERIAL CHANGE IN THE STRUCTURE OF THE GOVERNING BODY SINCE IT APPLIED FOR EXEMPT STATUS. Form 990, Part VI, Section A, Line 2 JOHN R. HAYES JR., TREASURER, AND MICHAEL F. COLLINS, M.D., PRESIDENT /CHIEF EXECUTIVE OFFICER, ARE COMPENSATED BY THE UNIVERSITY OF MASSACHUSETTS MEDICAL SCHOOL, A RELATED ORGANIZATION OF THE UMASS MEMORIAL FOUNDATION, INC. ERIC W. DICKSON IS COMPENSATED BY UMASS MEMORIAL HEALTH CARE, INC. MICHAEL F. COLLINS IS A DIRECTOR OF UMASS MEMORIAL HEALTH CARE, Inc. Form 990, Part VI, Section A, Line 8b There are no sub committees with authority to act on behalf of the Governing Body. Form 990, Part VI, Section B, Line 11b ONCE THE UMASS MEMORIAL FOUNDATION, INC.'S FORM 990 IS COMPLETED, IT IS REVIEWED BY THE UMASS MEMORIAL FOUNDATION, INC.'S INTERNAL MANAGEMENT. THE COMPLETED FORM 990 IS PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS PRIOR TO THE FORM BEING FILED WITH THE IRS. Form 990, Part VI, Section b, Line 12c MONITORING AND DEALING WITH POTENTIAL OR ACTUAL CONFLICTS The UMass Memorial Foundation, Inc. adopts the policies of the University of Massachusetts Medical School ("UMMS") including a Conflict of Interest Policy. INDIVIDUALS COVERED UNDER THE UMMS CONFLICT OF INTEREST POLICY HAVE AN AFFIRMATIVE DUTY TO DISCLOSE THE EXISTENCE OR POSSIBILITY OF A CONFLICT OF INTEREST AND SHALL BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE UMMS CONFLICTS COMMITTEE. THE UMMS CONFLICT OF INTEREST POLICY PROVIDES THAT ANNUALLY, EACH COVERED PERSON SHALL SIGN A STATEMENT AFFIRMING THAT SUCH PERSON RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, READ AND UNDERSTANDS THE POLICY AND AGREES TO COMPLY WITH THE POLICY. THE SIGNED STATEMENT AFFIRMS THAT THE PERSON UNDERSTANDS UMMF IS A CHARITABLE ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS TAX-EXEMPT STATUS, UMMF MUST ENGAGE IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. WHO IS COVERED THE CONFLICT OF INTEREST POLICY COVERS ALL DIRECTORS, OFFICERS, MEMBERS OF COMMITTEES WITH BOARD DELEGATED POWERS, PERSONS SERVING IN SENIOR STAFF POSITIONS, AND ANY OTHER PERSON WHO IS IN A POSITION TO EXERCISE SUBSTANTIAL INFLUENCE OVER THE AFFAIRS OF ANY OF THE ORGANIZATION OR ANY OF ITS AFFILIATES. LEVEL AT WHICH DETERMINATIIONS OF CONFLICT ARE MADE AND WHICH ACTUAL CONFLICTS ARE REVIEWED THE UMMS CONFLICTS COMMITTEE IS RESPONSIBLE FOR DETERMINING IF A CONFLICT OF INTEREST EXISTS AND EVALUATING WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A TRANSACTION THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. THE CONFLICTS COMMITTEE REPORTS ITS FINDINGS TO THE Umass BOARD OF DIRECTORS WHO ARE RESPONSIBLE FOR MAKING A FINAL DETERMINATION ON THE CONFLICT. RESTRICTIONS ON CONFLICTED PERSONS ALL COVERED PERSONS ARE RESTRICTED FROM ENTERING INTO A TRANSACTION WITHOUT DISCLOSING THE ACTUAL OR POTENTIAL CONFLICT TO THE UMMS CONFLICT COMMITTEE AND OBTAINING APPROVAL OF THE BOARD OF DIRECTORS. COVERED PERSONS WITH A CONFLICT MUST LEAVE THE ROOM WHEN TRANSACTIONS GIVING RISE TO THE CONFLICT ARE UNDER DISCUSSION BY THE BOARD OF DIRECTORS. Form 990, Part VI, Section B, Line 19 THE UMASS MEMORIAL FOUNDATION, INC. MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. UMASS MEDICAL SCHOOL 55 LAKE AVENUE NORTH WORCESTER MA 01655 043167352 EDUCATION MA COM OF MA false UMASS MEMORIAL HEALTH CARE INC 328 SHREWSBURY STREET WORCESTER MA 01604 043358566 HEALTH SVCS MA 501(c)(3) 3 NA false false false false false false false false false false false false false false false false false false false false