TY 2013 Form 990 Schedule O

efile Public Visual Render ObjectId: 201510429349300011 - Submission: 2015-02-11 TIN: 34-1264220

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
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Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.

OMB No. 1545-0047

2013

Open to Public
Inspection

Name of the organization

NORTHEAST OHIO MEDICAL UNIVERSITY FOUNDATION

Employer identification number

34-1264220

Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINE 6	THE CORPORATE MEMBERS OF THE FOUNDATION ARE THE ORGANIZATION'S DIRECTORS.
FORM 990, PART VI, SECTION A, LINE 7A	MEMBERS OF THE FOUNDATION MAY ELECT THE DIRECTORS AND THE EXECUTIVE CABINET OF THE BOARD OF DIRECTORS OF THE FOUNDATION.
FORM 990, PART VI, SECTION B, LINE 11	THE ORGANIZATION'S ACCOUNTING FIRM WILL REVIEW FORM 990 WITH THE INVESTMENT & FINANCE COMMITTEE OF THE BOARD. MEMBERS OF THIS COMMITTEE ARE: CINDY JOHNSON, DOUGLAS THORPE, NICHOLAS SUCIC, AND MEHOOL PATEL. AFTER REVIEW, A COPY OF THE RETURN WILL BE MADE AVAILABLE TO EACH BOARD MEMBER IN PDF AND HARDCOPY FORM PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12C	EACH YEAR A CONFLICT OF INTEREST DISCLOSURE FORM IS SENT TO EACH BOARD MEMBER TO BE COMPLETED, SIGNED, AND RETURNED TO THE FOUNDATION. LEGAL COUNSEL REVIEWS THE ANNUAL DISCLOSURES FOR APPROPRIATE FOLLOW UP. THE LEGAL COUNSEL OF THE ORGANIZATION ENFORCES THE CONFLICT OF INTEREST POLICY. ALL CONFLICTS OF INTEREST ARE NOTED AND MEMBERS WITH CONFLICTS ON PARTICULAR ISSUES ARE ASKED TO ABSTAIN FROM VOTING ON THE ISSUE.
FORM 990, PART VI, SECTION C, LINE 18	FORM 990 AND FORM 1023 ARE AVAILABLE UPON REQUEST. THE ORGANIZATION DOES NOT HAVE A 990-T.
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:	UNREALIZED GAIN ON TRUST 89,772.
FORM 990, PART XII, LINE 2C:	THE INVESTMENT AND FINANCE COMMITTEE IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT ACCOUNTING FIRM. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
FORM 990, PART VI, SECTION B, LINES 15A & 15B:	NEOMED, A RELATED ORGANIZATION, DETERMINES COMPENSATION OF THE ORGANIZATION'S OFFICERS. COMPENSATION IS DETERMINED BY AN INDEPENDENT COMPENSATION CONSULTANT, AND OFFICERS RECEIVE AN EMPLOYMENT LETTER STATING COMPENSATION WHEN THEY ARE HIRED. RAISES ARE APPROVED BY THE PRESIDENT OF NEOMED. THIS PROCESS WAS LAST PERFORMED IN 2013.

Return Reference

Explanation

FORM 990, PART VI, SECTION A, LINE 6

THE CORPORATE MEMBERS OF THE FOUNDATION ARE THE ORGANIZATION'S DIRECTORS.

FORM 990, PART VI, SECTION A, LINE 7A

MEMBERS OF THE FOUNDATION MAY ELECT THE DIRECTORS AND THE EXECUTIVE CABINET OF THE BOARD OF DIRECTORS OF THE FOUNDATION.

FORM 990, PART VI, SECTION B, LINE 11

THE ORGANIZATION'S ACCOUNTING FIRM WILL REVIEW FORM 990 WITH THE INVESTMENT & FINANCE COMMITTEE OF THE BOARD. MEMBERS OF THIS COMMITTEE ARE: CINDY JOHNSON, DOUGLAS THORPE, NICHOLAS SUCIC, AND MEHOOL PATEL. AFTER REVIEW, A COPY OF THE RETURN WILL BE MADE AVAILABLE TO EACH BOARD MEMBER IN PDF AND HARDCOPY FORM PRIOR TO FILING.

FORM 990, PART VI, SECTION B, LINE 12C

EACH YEAR A CONFLICT OF INTEREST DISCLOSURE FORM IS SENT TO EACH BOARD MEMBER TO BE COMPLETED, SIGNED, AND RETURNED TO THE FOUNDATION. LEGAL COUNSEL REVIEWS THE ANNUAL DISCLOSURES FOR APPROPRIATE FOLLOW UP. THE LEGAL COUNSEL OF THE ORGANIZATION ENFORCES THE CONFLICT OF INTEREST POLICY. ALL CONFLICTS OF INTEREST ARE NOTED AND MEMBERS WITH CONFLICTS ON PARTICULAR ISSUES ARE ASKED TO ABSTAIN FROM VOTING ON THE ISSUE.

FORM 990, PART VI, SECTION C, LINE 18

FORM 990 AND FORM 1023 ARE AVAILABLE UPON REQUEST. THE ORGANIZATION DOES NOT HAVE A 990-T.

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:

UNREALIZED GAIN ON TRUST 89,772.

FORM 990, PART XII, LINE 2C:

THE INVESTMENT AND FINANCE COMMITTEE IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT ACCOUNTING FIRM. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.

FORM 990, PART VI, SECTION B, LINES 15A & 15B:

NEOMED, A RELATED ORGANIZATION, DETERMINES COMPENSATION OF THE ORGANIZATION'S OFFICERS. COMPENSATION IS DETERMINED BY AN INDEPENDENT COMPENSATION CONSULTANT, AND OFFICERS RECEIVE AN EMPLOYMENT LETTER STATING COMPENSATION WHEN THEY ARE HIRED. RAISES ARE APPROVED BY THE PRESIDENT OF NEOMED. THIS PROCESS WAS LAST PERFORMED IN 2013.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2013

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