2016-08-15T15:26:36-05:00 2015-09-30 PricewaterhouseCoopers LLP 600 13TH STREET NW SUITE 1000 WASHINGTON DC 20005 990 2014-10-01 237352886 The Valley Foundation % W SCOTT BENCE VALL 2565397757 301 Governors Drive SW Huntsville AL 35801 W SCOTT BENCE TREASURER 2565397757 2016-08-15 true TRAVIS L PATTON P00369623 2024141000 2016-08-12 2014 2016-12-15 16:53:06Z ROBERT CENTOR 301 GOVERNORS DRIVE SW HUNTSVILLE AL 35801 9177383 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 10 48 11 0 0 0 8715096 8755276 302198 260449 0 0 9017294 9015725 0 146732 0 0 3875536 3709235 0 0 0 4624333 4628668 8499869 8484635 517425 531090 10157473 10339927 1426823 1432208 8730650 8907719 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 4584276 0 8755276 PATIENT CARE SERVICES. PATIENT ENCOUNTERS THIS YEAR WERE 86,630. 3265147 146732 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 AND FAMILY MEDICINE RESIDENTS. TRAINING WAS PROVIDED FOR 61 RESIDENTS AND 70 MEDICAL STUDENTS. 326149 0 0 CONTRACTED CLINICAL SERVICES PROVIDED AT TWO NURSING HOMES, THE MADISON COUNTY MENTAL HEALTH CENTER, MADISON COUNTY JAIL, HOSPICE, HEALS CLINIC AND HUNTSVILLE HOSPITAL. 0 0 0 8175572 true 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 75 0 true 48 true false false false false false false false false false false X 18 10 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 MR PETER LOWE BOARD MEMBER 5.0 0.0 X 0 0 0 DR ROBERT CENTOR President, CEO 10.0 40.0 X X 96498 274006 56430 HON SCHUYLER RICHARDSON BOARD MEMBER 5.0 0.0 X 0 0 0 MR JOHN WYNN BOARD MEMBER 5.0 0.0 X 0 0 0 MR THOMAS YOUNG BOARD MEMBER 5.0 0.0 X 0 0 0 DR TARAK VASAVADA BOARD MEMBER 20.0 20.0 X 183670 134341 27197 MR JAMES LIGHT BOARD MEMBER 5.0 40.0 X 116965 128484 43382 MR DAVID SPILLERS BOARD MEMBER 5.0 0.0 X 0 0 0 DR LAKSHMI NALLAMALA BOARD MEMBER 5.0 0.0 X 0 0 0 MR TIM HOWARD BOARD MEMBER 5.0 0.0 X 0 0 0 MR WILLIAM FERNIANY BOARD MEMBER 5.0 40.0 X 0 1252048 223681 MR RONALD GRAY BOARD MEMBER 5.0 5.0 X 0 0 0 DR SELWYN VICKERS CHAIRMAN OF THE BOARD 5.0 40.0 X X 0 995810 183397 MR CHARLES JONES BOARD MEMBER 5.0 0.0 X 0 0 0 MR WILLIAM SEXTON BOARD MEMBER 5.0 0.0 X 0 0 0 MS MARCIA CHESEBRO BOARD MEMBER 20.0 20.0 X 112321 99706 29617 MS DANA TOWN BOARD MEMBER 5.0 0.0 X 0 0 0 MR MICHAEL AHEARN BOARD MEMBER 5.0 0.0 X 0 0 0 MR ED MAPLES BOARD MEMBER 5.0 0.0 X 0 0 0 MS PAULA COTHREN SECRETARY 50.0 0.0 X 130688 0 5784 MR SCOTT BENCE TREASURER 20.0 20.0 X 151075 136539 52296 DR RALPH SAMLOWSKI PHYSICIAN (UNTIL 06/2015) 20.0 30.0 X 128462 117198 36714 DR NANCY BLEVINS PHYSICIAN 21.0 29.0 X 116561 73359 16221 DR MORGAN SARRELS PHYSICIAN 29.0 21.0 X 123459 52493 32031 DR DAVID FAHEY PHYSICIAN 25.0 25.0 X 123330 82942 44837 DR AMY TAKACS PHYSICIAN 25.0 25.0 X 117616 63706 30432 1400645 3410632 782019 16 false true false NONE 0 0 NET PATIENT REVENUE 900099 8244845 8244845 PAYER INCENTIVES 900099 232053 232053 MISCELLANEOUS 900099 278378 278378 8755276 246922 246922 0 0 0 0 0 175185 161658 13527 13527 13527 0 0 0 0 9015725 8755276 260449 X 146732 146732 0 0 0 817561 817561 0 2599682 2599682 0 124883 124883 167109 167109 0 0 49153 49153 0 0 9216 9216 67625 67625 2695 2695 44950 13716 31234 0 0 2976 2976 27807 726 27081 0 53901 53901 0 0 8012 8012 203727 200437 3290 HEALTH SERVICES 3228397 3228397 BAD DEBT EXPENSE 824428 824428 DUES & SUBSCRIPTIONS 20145 20145 TRAINING & DEVELOPMENT 13078 13078 72558 7971 64587 8484635 8175572 309063 0 611 611 2909327 3279382 0 0 985564 1104735 0 0 0 0 0 0 0 0 0 0 135332 101201 42143 34131 5786450 5439084 429070 478718 0 0 0 0 4308 3266 10157473 10339927 1426823 1432208 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1426823 1432208 X 8730650 8907719 0 0 0 0 8730650 8907719 10157473 10339927 531090 -354021 X false true X true false X 0 0 0 0 0 0 7639924 8012192 8313985 8715096 8755276 41436473 0 0 0 7639924 8012192 8313985 8715096 8755276 41436473 0 0 0 41436473 93271 379363 214073 240055 246922 1173684 0 93271 379363 214073 240055 246922 1173684 0 0 7733195 8391555 8528058 8955151 9002198 42610157 0.97245 0.97534 0.02755 0.02466 X 0 135332 101201 34131 34131 7828060 -354021 -824428 -1178449 9006509 9216 9216 9015725 7650991 7650991 9216 824428 833644 8484635 PART XI, LINE 2D: PROVISION FOR BAD DEBTS: ($824,428) PART XII, LINE 4B: PROVISION FOR BAD DEBTS: $824,428 true UNIVERSITY OF ALABAMA SCHOOL OF MEDICINE 510 20TH ST S BIRMINGHAM AL 35210 636001138 501(C)(3) 146732 SPRT ACAD. MISSION 1 0 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 MR SCOTT BENCE TREASURER 116075 136029 35000 0 0 510 5804 24137 0 22355 156879 183031 0 0 DR ROBERT CENTOR President, CEO 56498 253755 40000 14200 0 6051 2825 45337 0 8268 99323 327611 0 0 DR TARAK VASAVADA BOARD MEMBER 84975 133625 98695 0 0 716 4249 22329 0 619 187919 157289 0 0 MR JAMES LIGHT BOARD MEMBER 84180 118047 32785 0 0 10437 4209 21045 0 18128 121174 167657 0 0 DR RALPH SAMLOWSKI PHYSICIAN (UNTIL 06/2015) 86904 116308 41558 0 890 0 14605 0 22109 128462 153912 0 0 MR WILLIAM FERNIANY BOARD MEMBER 0 649247 0 390995 0 211806 0 200677 0 23004 0 1475729 0 181830 DR NANCY BLEVINS PHYSICIAN 72233 73130 44328 0 0 229 3662 12220 0 339 120223 85918 0 0 DR SELWYN VICKERS CHAIRMAN OF THE BOARD 0 693155 0 182000 0 120655 0 157441 0 25956 0 1179207 0 0 DR MORGAN SARRELS PHYSICIAN 83748 51916 39711 0 0 577 4215 9994 0 17822 127674 80309 0 0 DR DAVID FAHEY PHYSICIAN 89330 82468 34000 0 0 474 3554 15778 0 25505 126884 124225 0 0 DR AMY TAKACS PHYSICIAN 90041 63580 27575 0 0 126 4502 11503 0 14427 122118 89636 0 0 MS MARCIA CHESEBRO BOARD MEMBER 74457 98181 37864 0 0 1525 3473 16940 0 9204 115794 125850 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 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. (EXEMPT) -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 SYSTEM (EXEMPT)