2015-06-25T15:38:46-05:00 2014-12-31 420714325 MCGLADREY LLP 125 S DUBUQUE ST IOWA CITY IA 522404077 990 2014-01-01 391886437 IOWA CITY VA MEDICAL RESEARCH FOUNDATION IOWA 3196883542 601 HIGHWAY 6 WEST 151 IOWA CITY IA 52246 SARAH ELSE EXECUTIVE OFFICER 3196883542 2015-06-18 1 JASON WAGNER P00505750 3193541500 2014 2016-04-25 22:37:26Z SARAH ELSE 601 HIGHWAY 6 WEST 151 IOWA CITY IA 52246 418894 0 X NONE X 1997 IA THE FOUNDATION SUPPORTS MEDICAL RESEARCH TO DISCOVER, DEVELOP OR VERIFY PRIOR RESEARCH RELATING TO THE CAUSES, DIAGNOSIS, TREATMENT OR CONTROL OF DISEASES AND OTHER IMPAIRMENTS OF HUMAN BEINGS. 7 4 6 5 0 0 4139 519 177435 391547 6893 4613 14309 22215 202776 418894 0 0 0 0 112054 91077 0 0 0 291528 345147 403582 436224 -200806 -17330 1460182 1246469 1111115 914731 349067 331738 X THE PURPOSE OF THE IOWA CITY VA MEDICAL RESEARCH FOUNDATION IS TO SUPPORT MEDICAL RESEARCH IN ORDER TO DISCOVER, DEVELOP, OR VERIFY KNOWLEDGE RELATING TO THE CAUSES, DIAGNOSIS, TREATMENT, OR CONTROL OF PHYSICAL OR MENTAL DISEASES AND IMPAIRMENTS OF HUMANS, IN CONJUNCTION WITH THE IOWA CITY VA MEDICAL HEALTH CARE SYSTEM LOCATED IN IOWA CITY, IOWA. 0 0 342554 413762 FOR THE YEAR ENDED DECEMBER 31, 2014 THE FOUNDATION RECEIVED TWO LARGE DEPARTMENT OF DEFENSE GRANTS AND TWO NEW INDUSTRY SPONSORED GRANTS. THE FOUNDATOIN MONITORED APPROXIMATELY 25 MEDICAL RESEARCH GRANTS AND ACCOUNTS IN VARIOUS STAGES OF ACTIVITY, EXPENDING APPROXIMATELY $435,000 SUPPORTING MEDICAL RESEARCH ACTIVITIES AND ADMINISTRATION. 342554 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 6 1 0 0 0 0 0 0 0 0 0 0 X 7 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL MN NJ X SARAH J ELSE 3196883542 601 HIGHWAY 6 WEST 151 IOWA CITY IA 52246 RICHARD CHARLAT DIRECTOR 1.00 X 0 273728 60207 JOHN MIKELSON DIRECTOR 1.00 X 0 0 0 DAWN OXLEY DIRECTOR 1.00 X 0 150855 21563 TAMMY RICHARDSON SECRETARY/TREASURER 1.00 X X 0 0 0 DR PHILLIP SCHMID DIRECTOR 1.00 X 0 0 0 PETER VANDERHOEF DIRECTOR 1.00 X 0 0 0 MARK YOREK CHAIR 1.00 X X 0 113078 22472 SARAH ELSE EXECUTIVE DIRECTOR 25.00 X 56641 0 5664 56641 537661 109906 0 0 1 0 UNIVERSITY OF IOWA 107 CALVIN HALL IOWA CITY IA 52240 RESEARCH SERVICES 257597 1 519 519 PROGRAM SERVICE REVENU 900099 391547 391547 391547 4613 4613 MANAGEMENT FEES 900099 22215 22215 22215 418894 413762 0 4613 56641 11328 45313 19286 11499 7787 7361 1473 5888 7789 1558 6231 215 215 24167 24167 1183 1183 6038 6038 18566 18566 8958 8958 4869 4869 2802 2802 RESEARCH SERVICES SUPPO 252584 252584 NURSE SUPPORT 12953 12953 DUES AND MEMBERSHIPS 4459 4459 INTERNAL REVIEW FEES 2925 2925 5428 5344 84 436224 342554 93670 0 75634 156098 1279041 1053641 101483 34833 2105 1897 1919 0 1460182 1246469 153547 167489 359452 256963 598116 490279 1111115 914731 X 349067 331738 349067 331738 1460182 1246469 -17330 0 X X 0 1 X 1 0 X IOWA CITY VA MEDICAL HEALTH CARE SYSTEM IOWA CITY IA 0 AMOUNT DUE TO AFFLIATE 490279 490279 X 418894 0 418894 0 418894 436223 0 436223 0 436223 PART X, LINE 2: THE FOUNDATION IS INCORPORATED AS A NOT-FOR-PROFIT ORGANIZATION UNDER THE CODE OF IOWA, AND HAS OBTAINED EXEMPT STATUS FROM FEDERAL INCOME TAXES UNDER THE INTERNAL REVENUE CODE SECTION 501(C)(3). THE FOUNDATION RECEIVED A DETERMINATION LETTER DATED FEBRUARY 5, 1998. WHEN TAX RETURNS ARE FILED, IT IS HIGHLY CERTAIN THAT SOME POSITIONS TAKEN WOULD BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES, WHILE OTHERS ARE SUBJECT TO UNCERTAINTY ABOUT THE MERITS OF THE POSITION TAKEN OR THE AMOUNT OF THE POSITION THAT WOULD BE ULTIMATELY SUSTAINED. THE BENEFIT OF A TAX POSITION IS RECOGNIZED IN THE FINANCIAL STATEMENTS IN THE PERIOD DURING WHICH, BASED ON ALL AVAILABLE EVIDENCE, MANAGEMENT BELIEVES IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING THE RESOLUTION OF APPEALS OR LITIGAION PROCESSES, IF ANY. THE FOUNDATION HAS NO UNCERTAIN TAX POSITIONS THAT ARE REQUIRED TO BE RECORDED AS OF DECEMBER 31, 2014 AND DECEMER 31, 2013. THE FOUNDATION IS NO LONGER SUBJECT TO EXAMINATION BY FEDERAL AUTHORITIES FOR YEARS ENDING BEFORE DECEMBER 31, 2011 NOR HAS THE FOUNDATION BEEN NOTIFIED OF ANY IMPENDING EXAMINATION AND NO EXAMINATIONS ARE CURRENTLY IN PROCESS. X X X X 0 0 0 0 0 0 0 0 0 RICHARD CHARLAT DIRECTOR 0 251848 0 15000 0 6880 0 38529 0 21678 0 333935 0 0 DAWN OXLEY DIRECTOR 0 130858 0 5000 0 14997 0 10210 0 11353 0 172418 0 0 FORM 990, PART I, LINE 6: VOLUNTEERS ARE MADE UP OF BOARD OF DIRECTORS AND 1 COLLEGE STUDENTS. FORM 990, PART VI, SECTION B, LINE 11 THE AUDITORS ISSUE THE FORM 990 TO THE EXECUTIVE DIRECTOR. THE FORM 990 IS REVIEWED AND APPROVED BY THE EXECUTIVE DIRECTOR. IT IS THEN DISTRIBUTED TO EACH BOARD MEMBER FOR REVIEW. THE FINAL FORM 990 IS APPROVED BY THE BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST QUESTIONNAIRE MUST BE COMPLETED AND SIGNED BY EACH BOARD MEMBER, AS DOES AN ANNUAL REVIEW AND REAFFIRMATION OF COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE FULL BOARD OF DIRECTORS REVIEWS AND APPROVES THE COMPENSATION OF THE EXECUTIVE DIRECTOR. COMPENSATION IS BASED ON COMPARABLE COMPENSATION WITHIN THE VETERANS ADMINISTRATION SYSTEM AND BY A NATION-WIDE COMPENSATION SURVEY COMPLETED BY THE NATIONAL ASSOCIATION OF VETERANS RESEARCH AND EDUCATION FOUNDATION. OTHER EMPLOYEE COMPENSATION IS REVIEWED BY THE EXECUTIVE DIRECTOR USING COMPARABLE DATA AND BASED ON COMPARABLE POSITIONS WITHIN THE VETERANS ADMINISTRATIVE SYSTEM. BOARD MEMBERS ARE NOT COMPENSATED. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. REQUESTS MUST BE MADE TO THE FOUNDATION EXECUTIVE DIRECTOR OR A BOARD OFFICER. FORM 990, PART XI, LINE 2C: THE FULL BOARD OF DIRECTORS HAS RESPONSIBILITY FOR THE AUDIT PROCESS AND CONTRACTS WITH THE AUDITOR. ON A QUARTERLY BASIS, FINANCIAL STATEMENTS AND FINANCIAL ACTIVITY DETAIL REPORTS ARE PROVIDED TO THE BOARD FOR REVIEW AND APPROVAL. THE FINANCIAL STATEMENTS AND REPORTS OF THE INDEPENDENT AUDITOR ARE DISTRIBUTED TO THE FULL BOARD AND APPROVED IN THE MINUTES. CORRECTIVE ACTIONS ARE DISCUSSED IN THE BOARD MINUTES. IOWA CITY VA MEDICAL HEALTH CARE SYSTEM 601 HIGHWAY 6 WEST IOWA CITY IA 52240 470376487 HOSPITAL IA 501(C)(3) 3 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 IOWA CITY VA MEDICAL HEALTH CARE SYSTEM (CADRE) R 107837 ACTUAL