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.
For the year ending 06/2020, Upmc generated $306.3m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.5%) 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
SEE SCHEDULE O
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $103,958,615 |
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 organizations and domestic governments. | $0 |
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 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 | $12,424,105 |
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 |
Net Land, buildings, and equipment | $256,074,074 |
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 | $353,318,303 |
Net assets with donor restrictions | $72,349 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $11,407,173,255 |
Over the last fiscal year, we have identified 2 grants that Upmc has recieved totaling $113,594.
Awarding Organization | Amount |
---|---|
The United Way Of Southwestern Pennsylvania Pittsburgh, PA PURPOSE: Donor Designation PR | $100,793 |
Community Foundation Of Greater Johnstown Johnstown, PA PURPOSE: CRASH CARTS PURCHASE | $12,801 |
Organization Name | Assets | Revenue |
---|---|---|
Miami Valley Hospital Dayton, OH | $1,540,725,759 | $1,204,039,189 |
Reading Hospital Reading, PA | $1,183,713,752 | $1,035,019,113 |
St Lukes Hospital Allentown, PA | $2,817,061,751 | $982,677,854 |
Abington Memorial Hospital Philadelphia, PA | $957,526,497 | $866,047,638 |
Presbyterian Medical Center Of The University Of Pennsylvania Health Philadelphia, PA | $812,689,177 | $973,479,342 |
Newyork-Presbyterian-Queens Flushing, NY | $712,392,894 | $841,266,953 |
New York-Presbyterian Brooklyn Methodist Brooklyn, NY | $1,963,582,802 | $962,946,513 |
Kettering Medical Center Miamisburg, OH | $1,528,623,571 | $946,867,588 |
Bronxcare Health System Bronx, NY | $743,333,524 | $835,076,495 |
St Francis Hospital United States Catholic Conference Roslyn, NY | $1,306,003,016 | $868,766,076 |
Rwj Barnabas Health Inc Livingston, NJ | $1,606,957,926 | $871,885,801 |
Sinai Hospital Of Baltimore Inc Baltimore, MD | $634,395,634 | $853,444,961 |