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Nonprofiteer
← NORTHEAST OHIO MEDICAL UNIVERSITY FOUNDATION

Form 990 for tax year 2022

Filed by NORTHEAST OHIO MEDICAL UNIVERSITY FOUNDATION.

Totals

Total revenue
$8,046,536
Total expenses
$2,651,127
Contributions and grants received
$6,732,878
Grants paid
$1,885,966
Program service revenue
$0
Investment income
$1,074,721
Other revenue
$238,937
Total assets, end of year
$35,572,515
Total liabilities, end of year
$633,885
Net assets or fund balances, end of year
$34,938,630
Program services expenses (Part IX)
$2,086,841
Management and general expenses
$256,525
Fundraising expenses
$307,761
Program service expenses (Part III)
$2,086,841

Program services were 78.7% 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.

  • 1c · Fundraising events

    $29,894

  • 1f · All other contributions, gifts and grants

    $6,702,984

  • 1g · Noncash contributions included above

    $152,232

  • 3 · Investment income

    total $858,643 · excluded $858,643

  • 7a · Gross sales of assets other than inventory

    securities $2,927,619

  • 7b · Less cost or other basis and sales expenses

    securities $2,711,541

  • 7c · Gain or loss

    securities $216,078

  • 7d · Net gain or loss

    total $216,078 · excluded $216,078

  • 8a · Fundraising events: gross income

    $19,151

  • 8a · Fundraising events: contributions included on line 1c

    $29,894

  • 8b · Fundraising events: direct expenses

    $22,138

  • 8c · Net income from fundraising events

    total -$2,987 · excluded -$2,987

  • 11a · Other revenue: STUDENT LOAN INTEREST & PENALTIES

    total -$2,041 · excluded -$2,041

  • 11d · All other revenue

    total $243,965 · excluded $243,965

  • 11e · Other revenue, total

    $241,924

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,046,920 · program services $1,046,920

  • 2 · Grants to domestic individuals

    total $839,046 · program services $839,046

  • 7 · Other salaries and wages

    total $155,249 · management and general $82,716 · fundraising $72,533

  • 8 · Pension plan contributions

    total $46,341 · management and general $23,170 · fundraising $23,171

  • 11c · Fees: accounting

    total $20,882 · management and general $20,882

  • 11f · Fees: investment management

    total $60,692 · management and general $60,692

  • 11g · Fees: other

    total $81,031 · program services $35,755 · management and general $5,381 · fundraising $39,895

  • 12 · Advertising and promotion

    total $59,134 · program services $1,077 · management and general $671 · fundraising $57,386

  • 13 · Office expenses

    total $44,418 · program services $16,926 · management and general $18,641 · fundraising $8,851

  • 14 · Information technology

    total $50,446 · program services $8,933 · management and general $17,756 · fundraising $23,757

  • 16 · Occupancy

    total $33,095 · program services $2,565 · management and general $7,541 · fundraising $22,989

  • 17 · Travel

    total $36,938 · program services $11,252 · management and general $2,565 · fundraising $23,121

  • 19 · Conferences, conventions and meetings

    total $14,510 · program services $5,959 · management and general $6,672 · fundraising $1,879

  • 23 · Insurance

    total $257 · program services $257

  • 24a · Other expenses: MEALS

    total $78,112 · program services $45,536 · management and general $3,426 · fundraising $29,150

  • 24b · Other expenses: RESEARCH & LAB SUPPLIES

    total $56,180 · program services $56,180

  • 24c · Other expenses: MISCELLANEOUS

    total $18,797 · program services $10,847 · management and general $5,925 · fundraising $2,025

  • 24d · Other expenses: GIFTS

    total $9,079 · program services $5,588 · management and general $487 · fundraising $3,004

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $254,716 · end of year $165,296

  • 2 · Savings and temporary cash investments

    beginning of year $605,724 · end of year $583,728

  • 3 · Pledges and grants receivable

    beginning of year $1,684,528 · end of year $6,099,496

  • 7 · Other notes and loans receivable

    beginning of year $548,767 · end of year $617,865

  • 9 · Prepaid expenses and deferred charges

    beginning of year $24,330 · end of year $21,301

  • 11 · Investments: publicly traded securities

    beginning of year $24,099,826 · end of year $26,620,965

  • 12 · Investments: other securities

    beginning of year $1,205,785 · end of year $1,352,155

  • 15 · Other assets

    beginning of year $98,969 · end of year $111,709

  • 17 · Accounts payable and accrued expenses

    beginning of year $260,613 · end of year $467,061

  • 25 · Other liabilities

    beginning of year $191,742 · end of year $166,824

  • 27 · Net assets without donor restrictions

    beginning of year $3,391,692 · end of year $3,775,723

  • 28 · Net assets with donor restrictions

    beginning of year $24,678,598 · end of year $31,162,907

Mission and programs · 2022

Mission

TO STRENGTHEN THE FINANCIAL CAPACITY OF THE NORTHEAST OHIO MEDICAL UNIVERSITY AND TO BROADEN ACCESS TO HIGH QUALITY MEDICAL, PHARMACY, AND GRADUATE EDUCATION.

  • SCHOLARSHIPS AND GRANTS TO STUDENTS OF NORTHEAST OHIO MEDICAL UNIVERSITY.

    Expenses $839,046 · Grants $839,046

  • INSTRUCTIONAL SUPPORT FOR NORTHEAST OHIO MEDICAL UNIVERSITY.

    Expenses $251,580 · Grants $211,080

  • ACADEMIC SUPPORT FOR NORTHEAST OHIO MEDICAL UNIVERSITY

    Expenses $677,209 · Grants $568,189

  • SUPPORT OF THE OTHER EDUCATIONAL AND GENERAL PURPOSES OF NEOMED, INCLUDING PUBLIC SERVICE SUPPORT, RESEARCH SUPPORT, INSTITUTIONAL SUPPORT, AND PLANT OPERATIONS AND MAINTENANCE.

    Expenses $319,006 · Grants $267,651

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • BRIAN C WAGNER CEMCMVPCBCP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CINDY S JOHNSON CPA CIT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID J KONIK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID P LEONE DC MBA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DEBORAH A OKEY JD

    CHAIR

    Total calculated
    $0
    Hours/week
    4

  • DEBORAH L GRINSTEIN JD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • IAN S OPPENHEIM ESQ

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • JENNIFER L LILE CELA

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • JERRY R HERMAN CFA

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • JOEL MARX

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KATHLEEN S PADGITT MD FACP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KELLY GLOVER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LESLEIGH ROBINSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARIA JEANCOLA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARIO MASTROIANNI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARK A MOSLEY JD

    DEVELOPMENT COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • MARK S LERNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MUNIR P SHAH MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PAUL WATANAKUNAKORN MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RAJIV TANEJA MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • VIRGINIA BANKS MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DOREEN RILEY

    FOUNDATION PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • LINDSEY LOFTUS

    INTERIM FOUNDATION PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • MARY TAYLOR

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    2

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.

Grants 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.

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202441349349305619

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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