2025-05-13T07:53:44-05:00 2024-06-30 341310124 REA & ASSOCIATES INC 5775 PERIMETER DRIVE SUITE 200 DUBLIN OH 43017 990 2023-07-01 341264220 NORTHEAST OHIO MEDICAL UNIVERSITY FOUNDATION NORT 3303256369 PO BOX 95 ROOTSTOWN OH 44272 MARY TAYLOR TREASURER 3303256369 2025-05-12 1 1 MELISSA DUNKLE CPA P01380769 6149236570 2025-05-02 2023 2025-03-06 01:10:19Z NEOMED FOUNDATION MARY TAYLOR PO BOX 95 ROOTSTOWN OH 44272 10842983 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. 16 16 0 16 0 0 6732878 4403213 0 0 1074721 940411 238937 23299 8046536 5366923 1885966 2439985 0 0 201590 516109 0 0 411709 563571 589486 2651127 3545580 5395409 1821343 35572515 46333072 633885 1231627 34938630 45101445 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 763017 763017 SCHOLARSHIPS AND GRANTS TO STUDENTS OF NORTHEAST OHIO MEDICAL UNIVERSITY. 545776 482828 INSTRUCTIONAL SUPPORT FOR NORTHEAST OHIO MEDICAL UNIVERSITY. 1177982 1042117 ACADEMIC SUPPORT FOR NORTHEAST OHIO MEDICAL UNIVERSITY 171843 152023 171843 152023 2658618 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 27 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 OH X X KAMI GREENE 3303256369 PO BOX 95 ROOTSTOWN OH 44272 X MARK A MOSLEY JD CHAIR 4.00 X X 0 0 0 MARK S LERNER VICE CHAIR 2.00 X X 0 0 0 DAVID J KONIK SECRETARY 2.00 X X 0 0 0 JOEL MARX TREASURER 2.00 X X 0 0 0 KATHLEEN S PADGITT MD FACP CHAIR, COMMITTEE ON DIRECTORS 2.00 X X 0 0 0 VIRGINIA BANKS MD DIRECTOR 1.00 X 0 0 0 DEBORAH L GRINSTEIN JD DIRECTOR 1.00 X 0 0 0 JERRY R HERMAN CFA DIRECTOR 1.00 X 0 0 0 DAVID P LEONE DC MBA DIRECTOR 1.00 X 0 0 0 JENNIFER L LILE CELA DIRECTOR 1.00 X 0 0 0 MARIO MASTROIANNI DIRECTOR 1.00 X 0 0 0 DEBORAH A OKEY JD DIRECTOR 1.00 X 0 0 0 LESLEIGH ROBINSON DIRECTOR 1.00 X 0 0 0 RAJIV TANEJA DMD DIRECTOR 1.00 X 0 0 0 BRIAN C WAGNER CEMCMVPCBCP DIRECTOR 1.00 X 0 0 0 RAJIV B LAPASIA MD EX OFFICIO - VOTING 1.00 X 0 0 0 MARY TAYLOR ASSISTANT TREASURER 2.00 X 0 0 0 DOREEN RILEY FORMER FOUNDATION PRESIDENT (MAY 2024) 2.00 X 0 0 0 DAVID VITATOE INTERIM FOUNDATION PRESIDENT (MAY - JUNE 2024) 2.00 X 0 0 0 0 0 0 0 0 0 0 0 29943 4373270 2030831 4403213 1065852 1065852 5326043 5451484 -125441 -125441 -125441 20830 29943 24576 -3746 -3746 STUDENT LOAN INTEREST & PENALTIES 611710 15795 15795 11250 11250 27045 5366923 0 0 963710 1676968 1676968 763017 763017 393324 201989 191335 122785 61392 61393 21347 21347 81276 81276 39678 11941 26286 1451 53887 4019 7378 42490 52671 17951 21719 13001 58864 18113 35957 4794 31577 135 7640 23802 44824 22702 2243 19879 6670 4988 1649 33 300 300 MEALS 118338 69201 4871 44266 RESEARCH & LAB SUPPLIES 40575 40575 MISCELLANEOUS 31486 23884 1481 6121 GIFTS 7993 4824 25 3144 3545580 2658618 475253 411709 165296 1299504 583728 7231462 6099496 5831341 6306 617865 480382 21301 20652 26620965 29904546 1352155 1441608 111709 117271 35572515 46333072 467061 1071262 166824 160365 633885 1231627 X 3775723 4468890 31162907 40632555 34938630 45101445 35572515 46333072 X 1821343 3445541 4886689 9242 X X 0 1 X 1 0 X 4310810 1790714 3910931 6732878 4403213 21148546 1236105 971507 636721 1118161 1168082 5130576 5546915 2762221 4547652 7851039 5571295 26279122 26279122 548474 582305 1138449 858643 1065852 4193723 23163 18524 198968 261075 47875 549605 31022450 0.84710 0.86410 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2019 AMOUNT: $ 2,862. 2020 AMOUNT: $ 2,550. 2021 AMOUNT: $ 181,049. 2022 AMOUNT: $ 243,965. 2023 AMOUNT: $ 11,250. GROSS SPECIAL EVENT - 2019 AMOUNT: $ 10,041. 2020 AMOUNT: $ 8,005. 2021 AMOUNT: $ 16,793. 2022 AMOUNT: $ 19,151. 2023 AMOUNT: $ 20,830. STUDENT LOAN FEES AND INTEREST - 2019 AMOUNT: $ 10,260. 2020 AMOUNT: $ 7,969. 2021 AMOUNT: $ 1,126. 2022 AMOUNT: $ -2,041. 2023 AMOUNT: $ 15,795. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19219562 1323670 7822168 956865 27408535 17242562 947229 1781403 751632 19219562 19511810 1324019 -3028975 564292 17242562 14700497 478506 4861455 528648 19511810 14117040 511123 415778 343444 14700497 0.60380 0.39620 0 0 0 ANNUITY OBLIGATIONS 80115 OTHER LIABILITIES 59414 ACCRUED COMPENSATED ABSENCES 20836 160365 X 9933088 3445541 1168082 33818 4647441 5285647 81276 81276 5366923 4656962 1168082 24576 1192658 3464304 81276 81276 3545580 PART V, LINE 4: ENDOWMENT FUNDS ARE USED TO SUPPORT THE MISSION OF NORTHEAST OHIO MEDICAL UNIVERSITY. 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 YEAR ENDED JUNE 30, 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT & LOAN WRITE OFFS 9,242. FUNDRAISING EXPENSES 24,576. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 24,576. GOLF OUTING 28891 16611 12280 120 12974 691 AESCULAPIUS BALL 21882 13332 8550 8675 500 1616 50773 29943 20830 120 21649 500 2307 24576 -3746 0 NORTHEAST OHIO MEDICAL UNIVERSITY 4209 STATE ROUTE 44 ROOTSTOWN OH 44272 341131512 1651465 0 EDUCATIONAL PROGRAMS ERS STRATEGIC PROPERTIES 4209 STATE ROUTE 44 ROOTSTOWN OH 44272 454904096 501(C)(3) 19000 0 EDUCATIONAL PROGRAMS SCHOLARSHIPS AND AWARDS 408 763017 X 11 2030831 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 9,242. 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 ERS STRATEGIC PROPERTIES INC B 19000 ACTUAL NORTHEAST OHIO MEDICAL UNIVERSITY P 1652527 ACTUAL