Overview
What is Upmc?
Upmc is a Pittsburgh, Pennsylvania-based organization led by Edward Karlovich that supports tax-exempt healthcare, education, and research entities as a health, general, and financing institution. Their mission is to foster the growth and development of these subsidiary organizations. With a focus on healthcare, education, and research, Upmc plays a crucial role in the community by empowering these exempt organizations to thrive and make a difference.
Official website here: www.upmc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Stars)
UPMC has received an overall rating of 85% from Charity Navigator, indicating a solid performance in accountability and finance. The organization excels in several governance practices, such as maintaining an independent board and having comprehensive policies regarding conflict of interest, whistleblowing, and document retention. Its program expense ratio is commendable, reflecting that all expenses are directed toward its programs.
However, UPMC's financials show a concerning liabilities to assets ratio of 101.41%, which suggests that the organization may have more liabilities than assets. This could indicate potential financial instability or challenges in meeting future obligations. While the high marks in governance and program spending are positive, this particular financial metric warrants attention.
Overall, UPMC demonstrates strong accountability practices and program efficiency, but stakeholders should consider the implications of its negative assets-to-liabilities balance when evaluating its long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Upmc legitimate?
Upmc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Upmc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Official website here: www.upmc.com
What is the mission statement of Upmc?
Upmc is a leading organization that supports tax-exempt healthcare, education, and research institutions. It prioritizes funding and resources for these subsidiary organizations to enhance their capabilities and impact. By doing so, Upmc contributes significantly to the advancement of healthcare, education, and research sectors. The mission of Upmc is to empower these institutions, enabling them to provide improved services and contribute to the betterment of society. Upmc's backing encompasses various aspects, including cutting-edge research and innovative educational programs, ultimately resulting in positive outcomes for numerous communities.
Official website here: www.upmc.com
Who is the CEO of Upmc?
Edward Karlovich is the Principal Officer of Upmc.
Official website here: www.upmc.com
What is the revenue of Upmc?
Upmc's revenue in 2022 was $652,408,270.
Official website here: www.upmc.com
Who are the executives of Upmc and what are their salaries?
Where can I find the form 990 for Upmc?
Upmc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.upmc.com
Learn more at the official website: www.upmc.com
Mission Statement of Upmc
Upmc, a health organization, is dedicated to supporting tax-exempt healthcare, education, and research institutions. In essence, it functions as a backer for these subsidiary organizations to thrive in their respective fields. Headed by Edward Karlovich, Upmc is known for its commitment to these sectors.
Upmc's mission is multifaceted. Primarily, it focuses on healthcare, providing substantial support to tax-exempt healthcare organizations. Through its backing, these institutions can effectively deliver essential services and improve overall health outcomes. Additionally, Upmc lends its support to educational and research organizations. By doing so, it enables the advancement of medical knowledge, fostering innovation and progress in the healthcare industry.
Upmc's role is pivotal in ensuring the success and sustainability of these subsidiary organizations. By providing crucial financial aid, Upmc empowers these institutions to make a significant impact in their communities. Its unwavering dedication to healthcare, education, and research reflects a deep-rooted belief in the power of these sectors to transform lives and contribute to a healthier future for all.
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Impact
October, 2024
UPMC plays a crucial role in supporting subsidiary tax-exempt healthcare, education, and research organizations. Based in Pittsburgh, PA, it operates under the leadership of Edward Karlovich, focusing on enhancing health services and advancing medical education. Through its initiatives, UPMC contributes significantly to the local and broader community by improving access to quality healthcare, fostering innovation in medical research, and supporting educational programs that develop the next generation of healthcare professionals. Its mission drives efforts to address public health needs, promote wellness, and encourage research that leads to new treatments and healthcare solutions. This multifaceted impact underscores UPMC's commitment to improving health outcomes and enhancing the quality of life for numerous individuals and communities.
This information is meant to be a general summary of Upmc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $492,771,475
- Program Service Revenue: $156,636,795
- Gross Receipts: $3,944,096,115
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER INCOME
Revenue
$65,033,950
EXP REIMB FROM SUBS
Revenue
$76,517,950
DEFEASANCE OF DEBT
Revenue
$15,084,895
Organization Details
Founding Year
1982
Phone
(412) 647-2345Principal Officer
Edward Karlovich
Main Address
600 GRANT ST 58TH FL C/O CORP TAX, PITTSBURGH, PA, 15219
Website
www.upmc.comNTEE Category
Code: E220 - Health
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