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← NEOMED RESEARCH CORPORATION

Form 990 for tax year 2022

Filed by NEOMED RESEARCH CORPORATION.

Totals

Total revenue
$152,046
Total expenses
$77,456
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$151,563
Investment income
$483
Other revenue
$0
Total assets, end of year
$778,835
Total liabilities, end of year
$2,822
Net assets or fund balances, end of year
$776,013
Program services expenses (Part IX)
$58,550
Management and general expenses
$18,906
Fundraising expenses
$0
Program service expenses (Part III)
$58,550

Program services were 75.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: LICENSE FEE INCOME

    total $98,329 · related or exempt $98,329

  • 2b · Program service revenue: ANIMAL REVENUE

    total $48,962 · related or exempt $48,962

  • 2c · Program service revenue: OTHER REVENUE

    total $1,928 · related or exempt $1,928

  • 2d · Program service revenue: REDIZONE MOBILE COMMUN

    total $1,440 · related or exempt $1,440

  • 2e · Program service revenue: SUPPLIES AND SERVICE R

    total $904 · related or exempt $904

  • 3 · Investment income

    total $483 · excluded $483

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $6,787 · management and general $6,787

  • 11g · Fees: other

    total $193 · management and general $193

  • 13 · Office expenses

    total $2,236 · management and general $2,236

  • 14 · Information technology

    total $2,921 · management and general $2,921

  • 24a · Other expenses: RESEARCH AND LAB SUPPLI

    total $58,442 · program services $58,442

  • 24b · Other expenses: MAINTENANCE

    total $4,554 · management and general $4,554

  • 24c · Other expenses: COMMUNICATIONS

    total $1,460 · management and general $1,460

  • 24d · Other expenses: BANK SERVICE CHARGES

    total $863 · program services $108 · management and general $755

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $418,324 · end of year $469,708

  • 4 · Accounts receivable

    beginning of year $6,197 · end of year $9,127

  • 10a · Land, buildings and equipment: cost or other basis

    $13,363

  • 10b · Land, buildings and equipment: accumulated depreciation

    $13,363

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $300,000 · end of year $300,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,722 · end of year $2,337

  • 19 · Deferred revenue

    beginning of year $3,376 · end of year $485

  • 27 · Net assets without donor restrictions

    beginning of year $701,423 · end of year $776,013

Mission and programs · 2022

Mission

SEE SCHEDULE O.

  • NEOMED RESEARCH CORPORATION IS MADE UP OF NEOMED RESEARCH CORP AND REDIZONE LLC. REDIZONE LEASES SPACE FOR OFFICE AND LABS TO TENANTS DOING RESEARCH.

    Expenses $58,550 · Revenue $151,563

As filed on the 2022 return.

Listed in Part VII

  • RICHARD KASMER

    VICE CHAIR

    Total calculated
    $358,863
    From this org
    $0
    From related orgs
    $358,863
    Other
    $0
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $310,199 related
    Bonus
    $0
    Other
    $0 + $48,664 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $358,863 related

  • MARY TAYLOR

    TREASURER

    Total calculated
    $257,284
    From this org
    $0
    From related orgs
    $257,284
    Other
    $0
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $223,200 related
    Bonus
    $0
    Other
    $0 + $34,084 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $257,284 related

  • MARIA SCHIMER

    SECRETARY

    Total calculated
    $283,760
    From this org
    $0
    From related orgs
    $283,760
    Other
    $0
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $241,861 related
    Bonus
    $0
    Other
    $0 + $41,899 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $283,760 related

  • REBECCA GERMAN

    INTERIM CHAIR

    Total calculated
    $269,914
    From this org
    $0
    From related orgs
    $269,914
    Other
    $0
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $234,590 related
    Bonus
    $0
    Other
    $0 + $35,324 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $269,914 related

  • JOHN T LANGELL

    DIRECTOR

    Total calculated
    $958,589
    From this org
    $0
    From related orgs
    $958,589
    Other
    $0
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $918,979 related
    Bonus
    $0
    Other
    $0 + $39,610 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $958,589 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
NEOMED RESEARCH CORPORATION RELIES ON A RELATED ORGANIZATION (NORTHEAST OHIO MEDICAL UNIVERSITY) TO DETERMINE THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIALS. THE RELATED ORGANIZATION USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION FOR THE OFFICIALS: -COMPENSATION COMMITTEE

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • REDIZONE LLC

    LEASING · OH

    Directly controlled by NEOMED RESEARCH CORPORATION

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202431349349305328

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