2017-08-11T13:52:09-05:00 2016-09-30 PricewaterhouseCoopers LLP 600 13TH STREET NW SUITE 1000 WASHINGTON DC 20005 990 2015-10-01 237352886 The Valley Foundation % W SCOTT BENCE VALL 2565397757 301 Governors Drive SW Huntsville AL 35801 W SCOTT BENCE TREASURER 2565397757 2017-08-08 true TRAVIS L PATTON P00369623 2024141000 2017-08-11 2015 2021-01-29 14:40:06Z ROBERT CENTOR 301 GOVERNORS DRIVE SW HUNTSVILLE AL 35801 7315382 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 49 13 0 0 0 8755276 6994614 260449 228424 0 0 9015725 7223038 146732 229893 0 0 3709235 3115200 0 0 0 4628668 3729194 8484635 7074287 531090 148751 10339927 10280624 1432208 921883 8907719 9358741 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 3656991 0 6994614 PATIENT CARE SERVICES. PATIENT ENCOUNTERS THIS YEAR WERE 75,181. 2707128 229893 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 68 MEDICAL STUDENTS. 344156 0 0 CONTRACTED CLINICAL SERVICES PROVIDED AT TWO NURSING HOMES, THE MADISON COUNTY MENTAL HEALTH CENTER, MADISON COUNTY JAIL, AND HUNTSVILLE HOSPITAL. 0 0 0 6708275 true false false false false false false false false false true false false false false 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 73 0 true 49 true 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 313 F HUNTSVILLE AL 35801 DR ROBERT CENTOR PRESIDENT/CEO 25.0 25.0 X X 100248 274607 55546 DR SELWYN VICKERS CHAIRMAN OF THE BOARD 3.0 40.0 X X 0 949120 205590 MR PETER LOWE BOARD MEMBER 1.0 0.0 X 0 0 0 HON SCHUYLER RICHARDSON BOARD MEMBER 2.0 0.0 X 0 0 0 MR JOHN WYNN BOARD MEMBER 1.0 0.0 X 0 0 0 MR THOMAS YOUNG BOARD MEMBER 1.0 0.0 X 0 0 0 DR LAKSHMI NALLAMALA BOARD MEMBER 2.0 0.0 X 0 0 0 MR TIM HOWARD BOARD MEMBER 1.0 0.0 X 0 0 0 MR RONALD GRAY BOARD MEMBER 1.0 5.0 X 0 0 0 MR CHARLES H JONES BOARD MEMBER 2.0 0.0 X 0 0 0 MR WILLIAM BRITT SEXTON BOARD MEMBER 1.0 0.0 X 0 0 0 MS MARCIA CHESEBRO BOARD MEMBER 25.0 25.0 X 113853 114454 32131 MS DANA TOWN BOARD MEMBER 3.0 0.0 X 0 0 0 MR MICHAEL AHEARN BOARD MEMBER 1.0 0.0 X 0 0 0 MR ED MAPLES BOARD MEMBER 2.0 0.0 X 0 0 0 MS DAWN BULGARELLA BOARD MEMBER 1.0 40.0 X 0 567595 109113 MS NANCY BLEVINS BOARD MEMBER 25.0 25.0 X 118407 87744 18513 DR LOURDES CORMAN BOARD MEMBER (BEGIN 12/01/15) 25.0 25.0 X 99581 138443 18143 MR JAMES LIGHT BOARD MEMBER (UNTIL 11/30/15) 1.0 40.0 X 110240 133766 36638 MS PAULA COTHREN SECRETARY 25.0 25.0 X 130688 0 5909 MR W SCOTT BENCE TREASURER 25.0 25.0 X 151075 136551 52467 DR TARAK VASAVADA PHYSICIAN 25.0 25.0 X 175917 134498 27345 DR DAVID FAHEY PHYSICIAN 25.0 25.0 X 123330 86220 38387 DR KHUSHDEEP CHAHAL BOARD MEMBER 25.0 25.0 X 161137 66696 22512 DR FARRAH IBRAHIM PHYSICIAN 25.0 25.0 X 121133 75562 13508 DR MORGAN SARRELS PHYSICIAN 25.0 25.0 X 131568 59681 32599 1537177 2824937 668401 16 false true false NONE 0 0 NET PATIENT REVENUE 900099 6759061 6759061 PAYER INCENTIVES 900099 54916 54916 MISCELLANEOUS 900099 180637 180637 6994614 294759 294759 0 0 0 0 0 26009 92344 -66335 -66335 -66335 0 0 0 0 7223038 6994614 228424 X 229893 229893 0 0 0 775185 775185 0 2060793 2060793 0 133692 133692 145530 145530 0 0 46050 46050 0 0 10592 10592 86848 86848 732 732 42139 11729 30410 0 0 3279 3279 19133 19133 0 48777 48777 0 0 8012 8012 47893 44290 3603 HEALTH SERVICES 2656210 2656210 BAD DEBT EXPENSE 619423 619423 ENTERTAINMENT 36174 3932 32242 DRUGS/VACCINES 26249 26249 77683 18854 58829 7074287 6708275 366012 0 611 611 3279382 1613596 0 0 1104735 938807 0 0 0 0 0 0 0 0 0 0 135332 109213 34131 26119 5439084 7698225 478718 0 0 0 0 0 3266 3266 10339927 10280624 1432208 921883 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1432208 921883 X 8907719 9358741 0 0 0 0 8907719 9358741 10339927 10280624 148751 302271 X false true X true false X 0 0 0 0 0 0 8012192 8313985 8715096 8755276 6994614 40791163 0 0 0 8012192 8313985 8715096 8755276 6994614 40791163 0 0 0 40791163 379363 214073 240055 246922 294759 1375172 0 379363 214073 240055 246922 294759 1375172 0 0 8391555 8528058 8955151 9002198 7289373 42166335 0.96739 0.97245 0.03261 0.02755 X 135332 109213 26119 26119 6895294 302271 -619423 -317152 7212446 10592 10592 7223038 6444272 6444272 10592 619423 630015 7074287 PART XI, LINE 2D: PROVISION FOR BAD DEBTS: ($619,423) PART XII, LINE 4B: PROVISION FOR BAD DEBTS: $619,423 true UNIVERSITY OF ALABAMA SCHOOL OF MEDICINE 510 20TH ST S BIRMINGHAM AL 35210 636001138 501(C)(3) 229893 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 true true X X X X X false false false false false false false false false DR ROBERT CENTOR PRESIDENT/CEO 56498 253755 43750 14400 0 6452 1797 45521 0 8228 102045 328356 0 0 DR SELWYN VICKERS CHAIRMAN OF THE BOARD 0 693229 0 178950 0 76941 0 179118 0 26472 0 1154710 0 15957 MS MARCIA CHESEBRO BOARD MEMBER 74457 112803 39396 0 0 1651 3427 19451 0 9253 117280 143158 0 0 MS DAWN BULGARELLA BOARD MEMBER 0 424674 0 141313 0 1608 0 104438 0 4675 0 676708 0 0 MS NANCY BLEVINS BOARD MEMBER 73233 87372 45174 0 0 372 3470 14652 0 391 121877 102787 0 0 DR LOURDES CORMAN BOARD MEMBER (BEGIN 12/01/15) 60831 134063 38750 0 0 4380 1536 15784 0 823 101117 155050 0 0 MR JAMES LIGHT BOARD MEMBER (UNTIL 11/30/15) 77165 108210 33075 0 0 25556 702 19337 0 16599 110942 169702 0 0 MR W SCOTT BENCE TREASURER 116075 136029 35000 0 0 522 5934 24217 0 22316 157009 183084 0 0 DR TARAK VASAVADA PHYSICIAN 84975 133625 90942 0 0 873 4344 22403 0 598 180261 157499 0 0 DR DAVID FAHEY PHYSICIAN 85080 85568 38250 0 0 652 3634 15830 0 18923 126964 120973 0 0 DR KHUSHDEEP CHAHAL BOARD MEMBER 131137 66643 30000 0 0 53 0 7918 0 14594 161137 89208 0 0 DR FARRAH IBRAHIM PHYSICIAN 82883 75325 38250 0 0 237 4237 8862 0 409 125370 84833 0 0 DR MORGAN SARRELS PHYSICIAN 84310 58848 47258 0 0 833 3564 11192 0 17843 135132 88716 0 0 SCHEDULE J, PART I, LINE 1A: SOCIAL CLUB DUES WERE PAID FOR W. SCOTT BENCE TO THE LEDGES TO ALLOW ACCESS TO THE CLUB FOR VALLEY FOUNDATION AND UAB FUNCTIONS/ACTIVITIES. 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 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. THE UNIVERSITY OF ALABAMA SYSTEM OFFICE (EXEMPT) -THE UNIVERSITY FOUNDATION (EXEMPT) THE UNIVERSITY OF ALABAMA (EXEMPT) -THE CAPSTONE FOUNDATION (EXEMPT) -THE CRIMSON TIDE FOUNDATION (EXEMPT) -THE UNIVERSITY OF ALABAMA LAW SCHOOL FOUNDATION (EXEMPT) -1831 FOUNDATION (EXEMPT) -DONOR ADVISED FUND (EXEMPT) -NATIONAL ALUMNI ASSOCIATION OF THE UNIVERSITY OF ALABAMA (EXEMPT) -CAPSTONE HEALTH SERVICES FOUNDATION (EXEMPT) -THE UNIVERSITY OF ALABAMA RESEARCH FOUNDATION (EXEMPT) -UA-ASU-TSU EDUCATIONAL RADIO CORPORATION (EXEMPT) THE UNIVERSITY OF ALABAMA AT BIRMINGHAM (EXEMPT) -THE UAB RESEARCH FOUNDATION (EXEMPT) -THE UAB EDUCATIONAL FOUNDATION (EXEMPT) -MEDICAL TOWERS INC (EXEMPT) -UAB DIABETES TRUST FOUNDATION (EXEMPT) -NATIONAL ALUMNI SOCIETY OF THE UNIVERSITY OF ALABAMA AT BIRMINGHAM (EXEMPT) -UNIVERSITY OF ALABAMA SCHOOL OF MEDICINE ALUMNI ASSOCIATION (EXEMPT) -SOUTHERN RESEARCH INSTITUTE (EXEMPT) -THE GORGAS MEMORIAL INSTITUTE OF TROPICAL & PREVENTATIVE MEDICINE, INC. (EXEMPT) THE UNIVERSITY OF ALABAMA IN HUNTSVILLE (EXEMPT) -THE UNIVERSITY OF ALABAMA IN HUNTSVILLE FOUNDATION (EXEMPT) -THE UNIVERSITY OF ALABAMA IN HUNTSVILLE ALUMNI FOUNDATION (EXEMPT) -THE UNIVERSITY OF ALABAMA IN HUNTSVILLE EMINENT SCHOLARS FOUNDATION (EXEMPT) THE UAB HEALTH SYSTEM (EXEMPT) -UAB HEALTH SYSTEM MANAGEMENT, INC. (C CORP) -THE UNIVERSITY OF ALABAMA HEALTH SERVICES FOUNDATION (EXEMPT) -THE MEDICAL ADVANCEMENT FOUNDATION (EXEMPT) -THE CALLAHAN EYE FOUNDATION HOSPITAL (EXEMPT) -THE OPHTHALMOLOGY SERVICES FOUNDATION (EXEMPT) -VALLEY FOUNDATION (EXEMPT) -CALLAHAN EYE HOSPITAL HEALTH CARE AUTHORITY (EXEMPT) -THE HEALTH CARE AUTHORITY FOR MEDICAL WEST (EXEMPT) -THE HEALTH CARE AUTHORITY FOR BAPTIST HEALTH (EXEMPT) -TRITON HEALTH CARE SYSTEM (EXEMPT)