Upmc
- Assets
- $11.4b
- Revenue
- $306.3m
- Investments
- $1.2b
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 01/1983
- Data as of
- 06/2020
- EIN
- 25-1423657
Organization Overview
Upmc is located in Pittsburgh, PA. The organization was established in 1983. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. This organization is a parent organization of an affiliated group for tax-exemption purposes. Upmc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2020, Upmc generated $306.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $381.2m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT OF SUBSIDIARY TAX-EXEMPT HEALTHCARE, EDUCATION AND RESEARCH ORGANIZATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $56,480,710 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,000,000 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $142,841,550 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $306,280,875 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $166,667 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $95,340 |
| Fees for services: Legal | $71,395 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,752,755 |
| Fees for services: Other | $3,976,574 |
| Advertising and promotion | $0 |
| Office expenses | $3,936,881 |
| Information technology | $3,027,820 |
| Royalties | $0 |
| Occupancy | $31,271,772 |
| Travel | $10,518 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $925 |
| Interest | $161,880,449 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,036,882 |
| Insurance | $97,074 |
| All other expenses | $0 |
| Total functional expenses | $381,173,135 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $175,751,073 |
| Savings and temporary cash investments | $2,395,498,597 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $59,862,618 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,638,949 |
| Inventories for sale or use | $24,958,096 |
| Prepaid expenses and deferred charges | $25,053,773 |
| Investments—publicly traded securities | $1,828,493,022 |
| Investments—other securities | $1,192,820,078 |
| Investments—program-related | $144,972,386 |
| Intangible assets | $0 |
| Other assets | $5,296,050,589 |
| Total assets | $11,407,173,255 |
| Accounts payable and accrued expenses | $1,902,825,777 |
| Grants payable | $0 |
| Deferred revenue | $755,437 |
| Tax-exempt bond liabilities | $4,279,136,309 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,946,107,236 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,924,957,844 |
| Total liabilities | $11,053,782,603 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $353,390,652 |
Grants Awarded
Over the last fiscal year, Upmc has awarded $720,297 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BROTHERS BROTHER FOUNDATION PURPOSE: GENERAL SUPPORT | $438,878 |
GLOBAL LINKS PURPOSE: GENERAL SUPPORT | $281,419 |