2011-06-16T15:17:32-05:00 2010-12-31 PLANTE & MORAN PLLC 111 E COURT ST SUITE 1A FLINT MI 485021647 990 2010-01-01 383085047 HURLEY FOUNDATION HURL 8102629667 ONE HURLEY PLAZA FLINT MI 485035993 RICHARD R WARMBOLD PHD 8102629524 2011-06-15 1 8107675350 2010 2016-02-24 21:20:13Z RICHARD R WARMBOLD PHD ONE HURLEY PLAZA FLINT MI 485035993 2402242 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. 11 10 0 700 0 0 1116606 1327906 0 0 -671812 72304 109561 153312 554355 1553522 801693 945455 0 0 3087 0 0 0 299413 1111122 460745 1915902 1406200 -1361547 147322 3818021 4369157 206029 352979 3611992 4016178 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 947251 945455 153312 ALLOCATIONS WERE MADE TO HURLEY MEDICAL CENTER FOR VARIOUS MEDICAL CARE PURPOSES 947251 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 X 11 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 MI X RICHARD WARMBOLD PHD 8102629524 ONE HURLEY PLAZA FLINT MI 48503 PHILIP W SHALTZ 1.00 X X 0 0 0 DONNA DODDS HAMM 1.00 X X 0 0 0 WILLIAM H MOELLER 1.00 X X 0 0 0 RICHARD R WARMBOLD PHD 40.00 X X 178459 0 0 MARCUS A RANDOLPH 1.00 X 0 0 0 BARBARA A LANDAAL TERRY 1.00 X 0 0 0 CARL E MASON 1.00 X 0 0 0 PATRICK R WARDELL 1.00 X 0 0 0 IRA A RUTHERFORD III 1.00 X 0 0 0 SUSAN STEINER BOLHOUSE 1.00 X 0 0 0 MATTHEW T MILLER 1.00 X 0 0 0 PHILLIP C DUTCHER 1.00 X 0 0 0 RONALD LAMMY II 1.00 X X 0 0 0 178459 0 0 1 0 1 1 0 305369 1022537 1327906 77767 77767 712098 717561 -5463 -5463 -5463 131159 305369 131159 0 MANAGEMENT FEE ASSESSM 561000 153312 153312 153312 1553522 153312 0 72304 945455 945455 60858 5214 55644 22067 1796 1454 18817 97333 6418 90915 69505 10160 59345 8731 4496 4235 2039 2039 MANAGEMENT FEE 153312 82855 70457 MISCELLANEOUS 30131 30131 GRANT CENTER EXPENSE 15495 15495 BAD DEBT EXPENSE 1274 1274 1406200 947251 159536 299413 314232 195298 494489 479552 8225 8797 2663126 3101942 456883 464634 3818021 4369157 190417 339723 15612 13256 206029 352979 X 770917 1116339 956508 981219 1884567 1918620 3611992 4016178 3818021 4369157 X 147322 256864 X 0 1 0 X 0 X 1316271 1047075 2084716 1116606 1327906 6892574 1316271 1047075 2084716 1116606 1327906 6892574 1180056 5712518 251610 154577 109274 73540 77767 666768 332502 7987 340489 7899831 627446 0.72310 0.75590 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: LIFE INSURANCE PROCEEDS RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2514919 51080 62918 50809 2578108 3164167 53654 -655769 47133 2514919 3087932 41819 49437 15021 3164167 0.13000 0.74000 0.13000 0 0 0 LIFE INSURANCE POLICIES - CASH SURRENDER VALUE 464634 C 464634 LIABILITY TO LIFE BENEFICIARIES OF CHARITABLE ANNUITIES 13256 13256 1553522 1406200 147322 256864 256864 404186 2566770 256864 811509 1068373 1498397 32972 22153 55125 1553522 2162584 811509 131159 942668 1219916 32972 153312 186284 1406200 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: AS OF DECEMBER 31, 2010, THE FOUNDATION'S UNRECOGNIZED TAX BENEFITS WERE NOT SIGNIFICANT. THERE WERE NO SIGNIFICANT PENALTIES OR INTEREST RECOGNIZED DURING THE YEAR OR ACCRUED AT YEAR END. PART XII, LINE 4B - OTHER ADJUSTMENTS: MANAGEMENT FEE INCOME NETTED AGAINST EXPENSE ON FINANCIAL STMTS 153,312. SPECIAL EVENT EXPENSES NETTED WITH REVENUE ON 990 -131,159. PART XIII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES NETTED WITH REVENUE ON 990 131,159. PART XIII, LINE 4B - OTHER ADJUSTMENTS: MANAGEMENT FEE EXPENSE 153,312. GOLF AND TENNIS CLASSIC 120228 73713 46515 32716 13799 BENEFIT BALL 165328 88282 77046 49937 27109 5 150972 143374 7598 1949 5649 436528 305369 131159 82653 1949 46557 131159 0 1 HURLEY MEDICAL CENTER ONE HURLEY PLAZA FLINT MI 48503 386005601 115 881890 ALLOCATIONS FOR MEDICAL SERVICES AMERICAN RED CROSS ONE HURLEY PLAZA FLINT MI 48503 381359185 501C3 5000 SPONSORSHIP MCLAREN REGIONAL MEDICAL CENTER 401 S BALLENGER HWY FLINT MI 48532 382383199 501C3 6000 SPONSORSHIP GENESEE COUNTY FREE MEDICAL CLINIC 2437 WELSH BLVD FLINT MI 48504 382995700 501C3 8000 SPONSORSHIP GENESEE COUNTY MEDICAL SOCIETY 4438 OAK BRIDGE DR SUITE B FLINT MI 48532 381347755 501C6 5000 SPONSORSHIP ARTHRITIS FOUNDATION - MICHIGAN CHAPTER 1050 WILSHIRE DR STE 302 TROY MI 48084 381366904 501C3 5750 SPONSORSHIP 5 1 0 0 0 0 0 0 0 0 0 RICHARD R WARMBOLD PHD 178459 0 0 0 0 0 0 0 0 0 178459 0 0 0 SUPPLEMENTAL INFORMATION PART III 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. 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 FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE UPON WRITTEN OR VERBAL REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 256,864.