2015-08-11T09:27:46-05:00 2014-12-31 381357951 PLANTE & MORAN PLLC 27400 NORTHWESTERN HIGHWAY SOUTHFIELD MI 48034 990 2014-01-01 383085047 HURLEY FOUNDATION HURL 8102629667 ONE HURLEY PLAZA FLINT MI 485035993 RICHARD R WARMBOLD PHD PRESIDENT 8102629524 2015-08-07 1 CHAD SCHAFER P00742041 2483522500 2014 2016-02-25 16:41:14Z RICHARD R WARMBOLD PHD ONE HURLEY PLAZA FLINT MI 485035993 7957306 0 X WWW.HURLEYFOUNDATION.ORG X 1992 MI ADVANCEMENT OF MEDICAL SCIENCES, EDUCATION, MEDICAL CARE, AND THE DELIVERY THEREOF FOR THE BENEFIT OF RESIDENTS OF THE GREATER FLINT METROPOLITAN AREA. 13 13 0 550 0 0 2127654 2264018 0 0 137505 487268 -26719 -14631 2238440 2736655 1527704 1442788 0 0 0 0 0 0 337066 572393 705616 2100097 2148404 138343 588251 4804622 5208320 26980 140849 4777642 5067471 TO CONTRIBUTE TO FULFILLING THE HURLEY MEDICAL CENTER MISSION OF "CLINICAL EXCELLENCE. SERVICE TO PEOPLE" WHILE FACILITATING CHARITABLE GIVING THAT CONTRIBUTES TO THE MEDICAL CENTER. 0 0 1449469 1442788 ALLOCATIONS WERE MADE TO HURLEY MEDICAL CENTER FOR VARIOUS MEDICAL CARE PURPOSES. 1449469 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 MI X RICHARD WARMBOLD PHD 8102629524 ONE HURLEY PLAZA FLINT MI 48503 PHILIP W SHALTZ PAST CHAIR 1.00 X 0 0 0 DONNA DODDS HAMM VICE-CHAIR 1.00 X X 0 0 0 WILLIAM H MOELLER TREASURER 1.00 X X 0 0 0 SUSAN STEINER BOLHOUSE CHAIR 1.00 X X 0 0 0 MARCUS A RANDOLPH DIRECTOR 1.00 X 0 0 0 CARL E MASON DIRECTOR THROUGH 3/10/14 1.00 X 0 0 0 IRA A RUTHERFORD III DIRECTOR 1.00 X 0 0 0 PHILLIP C DUTCHER DIRECTOR 1.00 X 0 0 0 MELANY GAVULIC DIRECTOR 1.00 X 0 0 0 DR VICTOR B RABINKOV DIRECTOR 1.00 X 0 0 0 THEODOSIA ROBERTSON PHD DIRECTOR THROUGH 3/10/14 1.00 X 0 0 0 ANDREW D SUSKI DIRECTOR 1.00 X 0 0 0 LYNNE A TAFT-DRAPER SECRETARY 1.00 X X 0 0 0 CARL BEKOFSKE DIRECTOR 1.00 X 0 0 0 JASON B CAYA DIRECTOR 1.00 X 0 0 0 RICHARD R WARMBOLD PHD PRESIDENT 40.00 X 195824 0 33289 195824 0 33289 1 0 1 1 0 293034 1970984 320510 2264018 132810 132810 5418717 5064259 354458 354458 354458 141761 293034 156392 -14631 -14631 2736655 0 0 472637 1442788 1442788 6440 6440 17800 17800 25815 25815 71236 71236 67213 67213 68875 587 68288 3697 3697 2039 2039 GRANT CENTER EXPENSE 288789 6681 282108 FUNDRAISING EXPENSES 134468 16384 118084 BANK CHARGES 13848 13848 TRUST FEES 5396 3288 2108 2148404 1449469 361869 337066 309172 613965 378589 208677 15949 29980 3607438 3843520 493474 512178 4804622 5208320 20790 137015 6190 3834 26980 140849 X 1407626 1337681 1268652 1384171 2101364 2345619 4777642 5067471 4804622 5208320 X 588251 -299422 1000 X 0 1 X 0 0 X 1327906 1462815 1679315 2127654 2264018 8861708 1327906 1462815 1679315 2127654 2264018 8861708 1759979 7101729 77767 52428 85286 111901 132810 460192 9321900 800145 0.76180 0.74300 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3232587 244880 463818 94986 3846299 3160416 43216 76712 47757 3232587 3054909 131212 65189 90894 3160416 2578108 65232 457331 45762 3054909 2514919 51080 62918 50809 2578108 0.13240 0.60980 0.25780 0 0 0 LIFE INSURANCE POLICIES - CASH SURRENDER VALUE 512178 512178 LIABILITY TO LIFE BENEFICIARIES OF CHARITABLE ANNUITIES 3834 3834 X 3100619 -299422 482166 182744 2917875 25815 -207035 -181220 2736655 2810790 482165 156392 638557 2172233 25815 -49644 -23829 2148404 PART V, LINE 4: THE BOARD-DESIGNATED ENDOWMENT FUND WAS ESTABLISHED BY THE BOARD IN 1998. THE DESIGNATION OF THESE FUNDS WAS VOLUNTARY AND CAN BE REVISED BY THE GOVERNING BOARD AT ANY TIME. ALL OTHER ENDOWMENTS WERE ESTABLISHED TO SUPPORT DEPARTMENTAL SPECIFIC GENERAL EXPENSES OR EDUCATIONAL EXPENSES. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM INCOME TAX UNDER PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(3). ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2014 AND 2013, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2011. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES NETTED WITH REVENUE ON 990 -156,392. FMV OF SILENT AUCTION ITEMS DONATED 35,427. NONCASH CONTRIBUTIONS OF SERVICES USED BY THE FOUNDATION -86,070. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES NETTED WITH REVENUE ON 990 156,392. PART XII, LINE 4B - OTHER ADJUSTMENTS: FMV OF SILENT AUCTION ITEMS DONATED 35,427. MANAGEMENT FEE EXPENSE -199,621. MANAGEMENT FEE INCOME 200,620. NONCASH CONTRIBUTIONS OF SERVICES USED BY THE FOUNDATION -86,070. GOLF CLASSIC 124356 103745 20611 9341 26796 9135 BENEFIT BALL 244578 149777 94801 26086 67878 2400 3297 3 65861 39512 26349 3280 891 2675 4613 434795 293034 141761 35427 97954 891 5075 17045 156392 -14631 1 HURLEY MEDICAL CENTER ONE HURLEY PLAZA FLINT MI 48503 386005601 115 1157136 216302 FAIR MARKET VALUE DONATED GIFTS FOR HOSPITAL PATIENTS ALLOCATIONS FOR MEDICAL SERVICES GENESEE COUNTY MEDICAL SOCIETY 4438 OAK BRIDGE DR SUITE B FLINT MI 48532 381347755 501C6 5000 SPONSORSHIP FOOD BANK OF EASTERN MICHIGAN 2312 LAPEER ROAD FLINT MI 48503 382379678 501C3 5000 SPONSORSHIP WOMEN'S HOSPITAL ASSOCIATION OF FLINT MICHIGAN 401 S BALLENGER HWY FLINT MI 48532 381358053 501C3 6000 SPONSORSHIP GENESEE COUNTY FREE MEDICAL CLINIC 2437 WELSH BLVD FLINT MI 48504 382995700 501C3 9500 SPONSORSHIP YMCA OF GREATER FLINT 411 E THIRD STREET FLINT MI 48502 381358056 501C3 7000 SPONSORSHIP 6 0 SCHEDULE I, PART 1, LINE 2: HURLEY FOUNDATION GRANT FUNDS TYPICALLY ARE PROVIDED TO ORGANIZATIONS IN OUR COMMUNITY WHERE STAFF WORK AND LIVE. AS A RESULT WE LEARN ABOUT FOUNDATION SUPPORTED ACTIVITIES, RECEIVE ANNOUNCEMENTS AND AT TIMES ARE SENT PROGRAM INFORMATION. THE STAFF OF HURLEY FOUNDATION ALSO ATTEND AND/OR PARTICIPATE IN EVENTS AND OBSERVE THE GRANTEE. 0 0 0 0 0 0 0 0 0 RICHARD R WARMBOLD PHD PRESIDENT 195824 0 0 0 0 0 0 0 33289 0 229113 0 0 0 FORM 990 SCHEDULE J PAGE 3 OFFICER WAS PAID DIRECTLY BY AN UNRELATED ORGANIZATION, HURLEY MEDICAL CENTER, EIN 38-6005601. COMPENSATION WAS TREATED AS AN IN-KIND DONATION FROM UNRELATED ORGANIZATION. UNRELATED ORGANIZATION ISSUED A W-2 FOR COMPENSATION. X 1 180 FAIR MARKET VALUE X 287980 FAIR MARKET VALUE X 24 9496 FAIR MARKET VALUE X ENTERTAINMENT ITEMS 70 13129 FAIR MARKET VALUE X ELECTRONICS 9 5140 FAIR MARKET VALUE X SPORTING GOODS 20 3415 FAIR MARKET VALUE X EDUCATIONAL ITEMS 1 900 FAIR MARKET VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 1 THE FOUNDING MEMBER EMERITUS, PHILLIP DUTCHER, IS NOT A VOTING MEMBER FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS PROVIDED TO BOARD PRESIDENT AND ACCOUNTING CONTROLLER FOR REVIEW BEFORE FILING. A FILE COPY IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY SIGNING OF STATEMENTS DECLARING ANY CONFLICT OF INTEREST. IF ANY SITUATION OR CIRCUMSTANCE ARISES WHICH PRESENTS A CONFLICT OF INTEREST OR A POTENTIAL CONFLICT OF INTEREST, MEMBER WILL DISCLOSE SUCH A CONFLICT/POTENTIAL AND REFRAIN FROM ACTIONS INVOLVING SUCH CONFLICTS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATIONS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN OR VERBAL REQUEST. FORM 990, PART XI, LINE 9: MANAGEMENT FEE INCOME 200,620. MANAGEMENT FEE EXPENSE -199,620.