2024-05-13T13:28:07-05:00 2023-06-30 341310124 REA & ASSOCIATES INC 5775 PERIMETER DRIVE SUITE 200 DUBLIN OH 43017 990 2022-07-01 341264220 NORTHEAST OHIO MEDICAL UNIVERSITY FOUNDA NORT 3303256369 PO BOX 95 ROOTSTOWN OH 44272 MARY TAYLOR TREASURER 3303256369 2024-05-13 1 MARY TAYLOR 999009999 1 MELISSA DUNKLE CPA P01380769 6149236570 2024-05-13 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z NEOMED FOUNDATION MARY TAYLOR PO BOX 95 ROOTSTOWN OH 44272 10780215 0 X N/A X 1978 OH TO STRENGTHEN THE FINANCIAL CAPACITY OF THE NORTHEAST OHIO MEDICAL UNIVERSITY AND TO BROADEN ACCESS TO HIGH QUALITY MEDICAL, PHARMACY, AND GRADUATE EDUCATION. 21 21 0 21 0 0 3910931 6732878 0 0 1542720 1074721 181276 238937 5634927 8046536 2816543 1885966 0 0 262894 201590 0 0 307761 454720 563571 3534157 2651127 2100770 5395409 28522645 35572515 452355 633885 28070290 34938630 X TO STRENGTHEN THE FINANCIAL CAPACITY OF THE NORTHEAST OHIO MEDICAL UNIVERSITY AND TO BROADEN ACCESS TO HIGH QUALITY MEDICAL, PHARMACY, AND GRADUATE EDUCATION. 0 0 839046 839046 SCHOLARSHIPS AND GRANTS TO STUDENTS OF NORTHEAST OHIO MEDICAL UNIVERSITY. 251580 211080 INSTRUCTIONAL SUPPORT FOR NORTHEAST OHIO MEDICAL UNIVERSITY. 677209 568189 ACADEMIC SUPPORT FOR NORTHEAST OHIO MEDICAL UNIVERSITY 319006 267651 SUPPORT OF THE OTHER EDUCATIONAL AND GENERAL PURPOSES OF NEOMED, INCLUDING PUBLIC SERVICE SUPPORT, RESEARCH SUPPORT, INSTITUTIONAL SUPPORT, AND PLANT OPERATIONS AND MAINTENANCE. 319006 267651 2086841 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 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 25 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X X KAMI GREENE 3303256369 PO BOX 95 ROOTSTOWN OH 44272 X BRIAN C WAGNER CEMCMVPCBCP DIRECTOR 1.00 X 0 0 0 CINDY S JOHNSON CPA CIT DIRECTOR 1.00 X 0 0 0 DAVID J KONIK DIRECTOR 1.00 X 0 0 0 DAVID P LEONE DC MBA DIRECTOR 1.00 X 0 0 0 DEBORAH A OKEY JD CHAIR 4.00 X X 0 0 0 DEBORAH L GRINSTEIN JD DIRECTOR 1.00 X 0 0 0 IAN S OPPENHEIM ESQ VICE CHAIR 2.00 X X 0 0 0 JENNIFER L LILE CELA SECRETARY 2.00 X X 0 0 0 JERRY R HERMAN CFA TREASURER 2.00 X X 0 0 0 JOEL MARX DIRECTOR 1.00 X 0 0 0 KATHLEEN S PADGITT MD FACP DIRECTOR 1.00 X 0 0 0 KELLY GLOVER DIRECTOR 1.00 X 0 0 0 LESLEIGH ROBINSON DIRECTOR 1.00 X 0 0 0 MARIA JEANCOLA DIRECTOR 1.00 X 0 0 0 MARIO MASTROIANNI DIRECTOR 1.00 X 0 0 0 MARK A MOSLEY JD DEVELOPMENT COMMITTEE CHAIR 2.00 X 0 0 0 MARK S LERNER DIRECTOR 1.00 X 0 0 0 MUNIR P SHAH MD DIRECTOR 1.00 X 0 0 0 PAUL WATANAKUNAKORN MD DIRECTOR 1.00 X 0 0 0 RAJIV TANEJA MD DIRECTOR 1.00 X 0 0 0 VIRGINIA BANKS MD DIRECTOR 1.00 X 0 0 0 DOREEN RILEY FOUNDATION PRESIDENT 2.00 X 0 0 0 LINDSEY LOFTUS INTERIM FOUNDATION PRESIDENT 2.00 X 0 0 0 MARY TAYLOR ASSISTANT TREASURER 2.00 X 0 0 0 0 0 0 0 0 0 0 0 29894 6702984 152232 6732878 858643 858643 2927619 2711541 216078 216078 216078 19151 29894 22138 -2987 -2987 STUDENT LOAN INTEREST & PENALTIES 611710 -2041 -2041 243965 243965 241924 8046536 0 0 1313658 1046920 1046920 839046 839046 155249 82716 72533 46341 23170 23171 20882 20882 60692 60692 81031 35755 5381 39895 59134 1077 671 57386 44418 16926 18641 8851 50446 8933 17756 23757 33095 2565 7541 22989 36938 11252 2565 23121 14510 5959 6672 1879 257 257 MEALS 78112 45536 3426 29150 RESEARCH & LAB SUPPLIES 56180 56180 MISCELLANEOUS 18797 10847 5925 2025 GIFTS 9079 5588 487 3004 2651127 2086841 256525 307761 254716 165296 605724 583728 1684528 6099496 548767 617865 24330 21301 24099826 26620965 1205785 1352155 98969 111709 28522645 35572515 260613 467061 191742 166824 452355 633885 X 3391692 3775723 24678598 31162907 28070290 34938630 28522645 35572515 X 5395409 1680681 -207750 X X 0 1 X 1 0 X 5044217 4310810 1790714 3910931 6732878 21789550 1198894 1236105 971507 636721 1118161 5161388 6243111 5546915 2762221 4547652 7851039 26950938 26950938 510138 548474 582305 1138449 858643 3638009 98691 23163 18524 198968 261075 600421 31189368 0.86410 0.86430 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2018 AMOUNT: $ 10,330. 2019 AMOUNT: $ 2,862. 2020 AMOUNT: $ 2,550. 2021 AMOUNT: $ 181,049. 2022 AMOUNT: $ 243,965. GROSS SPECIAL EVENT - 2018 AMOUNT: $ 77,434. 2019 AMOUNT: $ 10,041. 2020 AMOUNT: $ 8,005. 2021 AMOUNT: $ 16,793. 2022 AMOUNT: $ 19,151. STUDENT LOAN FEES AND INTEREST - 2018 AMOUNT: $ 10,927. 2019 AMOUNT: $ 10,260. 2020 AMOUNT: $ 7,969. 2021 AMOUNT: $ 1,126. 2022 AMOUNT: $ -2,041. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17242562 947229 1781403 751632 19219562 19511810 1324019 -3028975 564292 17242562 14700497 478506 4861455 528648 19511810 14117040 511123 415778 343444 14700497 13417226 380432 755168 435786 14117040 0.00000 0.67216 0.32784 0 0 0 ANNUITY OBLIGATIONS 81296 OTHER LIABILITIES 75345 ACCRUED COMPENSATED ABSENCES 10183 166824 X 10576936 1680681 1118161 -207750 2591092 7985844 60692 60692 8046536 3708596 1118161 1118161 2590435 60692 60692 2651127 PART X, LINE 2: THE FOUNDATION OPERATES AS A NONPROFIT CORPORATION AND HAS BEEN DETERMINED TO BE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE UNITED STATES INTERNAL REVENUE CODE. HOWEVER, CERTAIN UNRELATED BUSINESS ACTIVITIES MAY BE SUBJECT TO FEDERAL INCOME TAXES. THE FOUNDATION HAD NO UNRELATED BUSINESS ACTIVITIES AND THEREFORE, NO PROVISION FOR SUCH TAXES WAS NECESSARY FOR THE YEARS ENDED JUNE 30, 2023 AND 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT & LOAN WRITE OFFS -207,750. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES 60,692. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES 60,692. GOLF OUTING 34505 24092 10413 111 11392 456 AESCULAPIUS BALL 14540 5802 8738 94 9364 721 49045 29894 19151 94 111 20756 1177 22138 -2987 0 NORTHEAST OHIO MEDICAL UNIVERSITY 4209 STATE ROUTE 44 ROOTSTOWN OH 44272 341131512 961504 0 EDUCATIONAL PROGRAMS ERS STRATEGIC PROPERTIES 4209 STATE ROUTE 44 ROOTSTOWN OH 44272 464904096 57000 0 EDUCATIONAL PROGRAMS STUDENT OUTREACH OF AREA RESIDENTS LLC 4209 STATE ROUTE 44 ROOTSTOWN OH 44272 300894952 10000 0 EDUCATIONAL PROGRAMS SCHOLARSHIPS AND AWARDS 218 839046 X 12 152232 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S AUDIT AND TAX FIRM REVIEWS THE FORM 990 WITH THE INVESTMENT & FINANCE COMMITTEE OF THE BOARD. A COPY OF THE RETURN IS MADE AVAILABLE TO EACH BOARD MEMBER PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS WERE ASKED AT BOARD MEETINGS TO REPORT IF THEY HAD ANY CONFLICTS OF INTEREST FOR THE MEETING'S AGENDA ITEMS. IF A BOARD MEMBER WERE TO HAVE A CONFLICT, HE/SHE WOULD STATE THEIR CONFLICT OF INTEREST AND THEY WOULD BE ASKED TO LEAVE THE ROOM WHILE THE DISCUSSION AND/OR VOTE TOOK PLACE. FORM 990, PART VI, SECTION C, LINE 19 FORM 990, FORM 1023, THE GOVERNING DOCUMENTS, AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. AUDITED FINANCIAL STATEMENTS ARE ON OUR WEBSITE. FORM 990, PART XI, LINE 9: BAD DEBT & LOAN WRITE OFFS -207,750. FORM 990 PART XII, LINE 2C: THE INVESTMENT AND FINANCE COMMITTEE ARE RESPONSIBLE FOR OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDIT FIRM. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. NORTHEAST OHIO MEDICAL UNIVERSITY PO BOX 95 ROOTSTOWN OH 44272 341131512 MEDICAL SCHOOL OH 115 N/A N/A 0 ERS STRATEGIC PROPERTIES INC PO BOX 95 ROOTSTOWN OH 44272 454904096 SUPPORTING ORGANIZATION OH 501(C)(3) LINE 5 NORTHEAST OHIO MEDICAL UNIVERSITY 0 CLINICAL INITIATIVES INC PO BOX 95 ROOTSTOWN OH 44272 464173762 SUPPORTING ORGANIZATION OH 501(C)(3) LINE 5 NORTHEAST OHIO MEDICAL UNIVERSITY 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0