2014-10-30T15:20:52-05:00 2013-12-31 231144520 TAIT WELLER & BAKER LLP 1818 MARKET STREET SUITE 2400 PHILADELPHIA PA 19103 990 2013-01-01 132735359 VELLORE CHRISTIAN MEDICAL COLLEGE FOUNDATION INC VELL 2128702640 475 RIVERSIDE DRIVE SUITE 725 NEW YORK NY 10115 KATHERINE D GUENTHER PRESIDENT 2128702640 2014-10-30 1 STACY CULLEN P00974308 2159798800 2014-10-30 2013 2015-11-30 17:44:51Z KATHERINE D GUENTHER 475 RIVERSIDE DRIVE SUITE 725 NEW YORK NY 10115 2305162 0 X WWW.VELLORECMC.ORG X 1948 NY THE MISSION OF THE BOARD IS TO PROVIDE SUPPORT FOR EDUCATIONAL, HEALTHCARE AND COMMUNITY OUTREACH PROGRAMS OF VELLORE CHRISTIAN MEDICAL COLLEGE AND HOSPITAL IN INDIA. 21 21 7 21 0 0 650987 663014 0 0 262744 417462 6 15 913737 1080491 400619 304455 0 0 97102 374279 128252 38000 156394 140004 223627 765977 940361 147760 140130 6630308 6452241 1170105 270760 5460203 6181481 X THE FOUNDATION'S MISSION IS TO PROVIDE A FOCUS FOR EXCELLENCE AND INTEGRITY AT CHRISTIAN MEDICAL COLLEGE THROUGH PARTICIPATION IN AND CONTINUING SUPPORT OF CMC'S DRIVE TO MAINTAIN EXCELLENCE. WE DO THIS BY -- HONORING IDA SCUDDER - THE PERSON AND HER WORK.- ENCOURAGING AND SUPPORTING RESEARCH ACTIVITY OF THE HIGHEST QUALITY DRIVEN BY HONESTY AND HIGH ETHICAL STANDARDS, DIRECTIONAL FOCUS AND TRANSLATIONAL IMPACT.- PROMOTING THE PROFESSIONAL DEVELOPMENT OF CMC WITH A FOCUS ON THE QUALITY, DELIVERY AND SAFETY OF HEALTH CARE. 0 0 657714 304455 FUNDING EQUIPMENT, MEDICAL SUPPLIES, SCHOLARSHIPS, AND OTHER RESOURCES FOR THE CHRISTIAN MEDICAL COLLEGE AND HOSPITAL IN VELLORE INDIA. 657714 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 1 7 1 0 0 0 0 0 0 0 0 0 0 X 21 21 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 0 1 0 0 NY X X TEJAL SHAH 2128702640 475 RIVERSIDE DRIVE SUITE 725 NEW YORK NY 10115 DR MARK STEINHOFF DIRECTOR 0.50 X 0 0 0 DR MADELON FINKEL SECRETARY 0.80 X X 0 0 0 MR GEORGE VARUGHESE VICE CHAIRMAN 0.50 X X 0 0 0 MR PRASAD PALLA TREASURER 0.80 X X 0 0 0 DR S BALASUBRAMANIAM DIRECTOR 0.50 X 0 0 0 DR ROHAN GANGULI DIRECTOR 0.50 X 0 0 0 DR MARGARET KUMAR PHD DIRECTOR 0.50 X 0 0 0 DR BIBHUTI MISHRA DIRECTOR 0.50 X 0 0 0 DR HONORINE WARD CHAIRMAN OF THE BOARD 0.50 X X 0 0 0 MRS EMMA KOSHY DIRECTOR 0.50 X 0 0 0 DR ALBERT JOHNSON DIRECTOR 0.50 X 0 0 0 DR RAJ NARAYAN DIRECTOR 0.50 X 0 0 0 DR THOMAS PHILIPS PHD DIRECTOR 0.50 X 0 0 0 JAMSHED BHARUCHA PHD DIRECTOR 0.50 X 0 0 0 LISA BEARDLEY -HARDY PHD DIRECTOR 0.50 X 0 0 0 MEREDITH A HAWKINS DIRECTOR 0.50 X 0 0 0 REV CANON GORGE I KOVOOR DIRECTOR 0.50 X 0 0 0 RANJIT MATHEW DIRECTOR 0.50 X 0 0 0 PHILIP T NINAN DIRECTOR 0.50 X 0 0 0 WILLIAM S SCUDDER DIRECTOR 0.50 X 0 0 0 CHRISTINE WANKE MD DIRECTOR 0.50 X 0 0 0 KATHERINE GUENTHER PRESIDENT 35.00 X 150000 0 47247 150000 0 47247 1 0 1 0 0 6867 93037 563110 663014 136236 136236 1505897 1224671 281226 281226 281226 MISC INCOME 611710 15 15 15 1080491 15 0 417462 304455 304455 197247 123852 37519 35876 128690 83331 21323 24036 14311 11040 86 3185 15406 12075 3331 18625 12060 3086 3479 20800 20800 38000 38000 26328 26328 34835 17357 10971 6507 57425 25644 2998 28783 2480 1606 411 463 24549 15897 4067 4585 30712 19887 5089 5736 10991 7117 1821 2053 1350 95 895 360 5642 5642 8515 2498 6017 940361 657714 126253 156394 300214 294272 210485 207501 1026356 211029 4751 26027 98544 46342 551 52202 4998379 5661210 89572 0 6630308 6452241 1170105 270760 1170105 270760 X 1342310 1386948 2163382 2835516 1954511 1959017 5460203 6181481 6630308 6452241 X 140130 580259 889 X 0 1 X 1 0 X 617194 1691686 698504 650987 663014 4321385 617194 1691686 698504 650987 663014 4321385 539529 3781856 120884 115860 128458 77406 136236 578844 2789 1972 1759 4 15 6539 4906768 0.77070 0.77810 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5110369 4506 756885 5871760 4996307 -1000 115062 5110369 4893332 1000 101975 4996307 4203539 29404 660389 4893332 4015902 31719 155918 4203539 0.40970 0.33360 0.25670 0 0 98544 46342 52202 52202 X 1634422 580259 580259 1054163 26328 26328 1080491 914033 0 914033 26328 26328 940361 PART X, LINE 2: MANAGEMENT HAS REVIEWED THE TAX POSITIONS FOR EACH OF THE OPEN TAX YEARS (2010-2012) OR EXPECTED TO BE TAKEN IN THE FOUNDATION'S 2013 TAX RETURN AND HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. 0 SOUTH ASIA 0 0 GRANTS TO RECIPIENTS. GRANTS FOR BENEFIT OF VELLORE CHRISTIAN MEDICAL COLLEGE. 304455 0 0 0 0 0 0 304455 0 304455 SOUTH ASIA TO SUPPORT VELLORE CHRISTIAN MEDICAL COLLEGE IN INDIA. 211418 CHECK, WIRE 93037 PURCHASED SUPPLIES AND MATERIALS. RECEIPTS & COSTS 1 0 0 0 0 0 0 0 PART I, LINE 2: ALL GRANT FUNDS HAVE A DESIGNATED USE THAT IS SPECIFIED IN THE LETTER OF DISTRIBUTION. THE ORGANIZATION RECEIVES AN ACKNOWLEDGEMENT OF THE RECEIPT OF THE FUNDS ALONG WITH ASSURANCE THAT THE MONEY WILL BE USED IN THAT MANNER. SINCE THE ORGANIZATION PROVIDES FUNDING TO ONLY ONE ORGANIZATION, THE CHRISTIAN MEDICAL COLLEGE (CMC) LOCATED IN VELLORE, INDIA, THE ORGANIZATION AND ITS DONORS FREQUENTLY HAVE CONTACT WITH THE DEPARTMENT RECIPIENTS OF FUNDING. FURTHERMORE, MANY OF THE GRANT PROGRAMS SUCH AS USAID'S ASHA PROGRAM HAVE STRINGENT REPORTING REQUIREMENTS INCLUDING SUBMISSION OF INDIVIDUAL RECEIPTS. FOR SCHOLARSHIP RECIPIENTS, THE ORGANIZATION RECEIVES NOTICE AND A BRIEF BIOGRAPHY FROM CMC OF THE INDIVIDUAL STUDENT WHO IS THE BENEFICIARY OF THE SCHOLARSHIP THAT IS THEN PROVIDED TO THE INDIVIDUAL DONOR. CMC STAFF WHO RECEIVE CONTINUING EDUCATION FUNDING FROM THE ORGANIZATION FOR STUDY ABROAD PROVIDE THE ORGANIZATION WITH A REPORT OF THE BENEFITS RECEIVED FROM THEIR INDIVIDUAL STUDY PROGRAM. X X X X 1 COMMUNITY COUNSELING SERVICE CO LL 461 5TH AVENUE 3RD FLOOR NEW YORK NY 10017 TURNOVER PLANNING FOR INTRODUCTION OF NEW PRESIDENT. 0 50000 38000 12000 50000 38000 12000 NY X X 0 0 0 0 0 0 0 0 0 KATHERINE GUENTHER PRESIDENT 150000 0 0 0 0 0 21000 0 26247 0 197247 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 THERE WERE CHANGES MADE TO ARTICLE III SECTION 4 AND ARTICLE VII SECTION 2B OF THE BYLAWS. THE PRESENCE OF 20% OF VOTING MEMBERS OF THE CORPORATION, OR 20 MEMBERS OF SAME, WHICHEVER IS LESS, SHALL BE NECESSARY TO CONSTITUTE A QUORUM FOR THE TRANSACTION OF BUSINESS. THE PHILANTHROPIC ACTION COMMITTEE SHALL MAINTAIN THE CHARTER AND STRUCTURE FOR THE ANNUAL "DR. IDA S SCUDDER HUMANITARIAN ORATION & AWARD", AND MANAGE AND EXECUTE THE ORATION AT CMC, VELLORE THROUGH THE ORATION COMMITTEE. FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION HAS MEMBERS WHO ELECT THE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS ARE THE ONLY ONES WHO CAN ELECT BOARD MEMBERS. THE BOARD ONCE BEEN APPOINTED BY THE CORPORATION THEN ELECTS LEADERSHIP. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF DIRECTORS CANNOT INDEPENDENTLY AMEND THE BY-LAWS WITHOUT APPROVAL OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BASED ON INFORMATION IN THE AUDITED FINANCIAL STATEMENTS. THE AUDITED FINANCIAL STATEMENTS ARE REVIEWED BY THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS AND IS THEN PRESENTED TO THE FULL BOARD OF DIRECTORS AT THE ANNUAL FALL MEETING PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION ENSURES THAT ALL EMPLOYEES AND BOARD MEMBERS ARE AWARE OF THE CONFLICT OF INTEREST POLICY AND THE CONSEQUENCES OF VIOLATING IT. FORM 990, PART VI, SECTION B, LINE 15A THE SALARY FOR THE PRESIDENT IS REVIEWED ANNUALLY BY THE PERSONNEL COMMITTEE OF THE BOARD OF DIRECTORS. RECOMMENDATIONS BY THE PERSONNEL COMMITTEE ARE THEN PRESENTED EITHER TO THE FULL BOARD OF DIRECTORS OR THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS FOR AUTHORIZATION BY MOTION AND VOTE. THE BOARD OF DIRECTORS TYPICALLY MEETS EIGHT TIMES A YEAR; THE EXECUTIVE COMMITTEE IS AUTHORIZED TO ACT ON BEHALF OF THE BOARD OF DIRECTORS. MINUTES OF MEETINGS OF THE EXECUTIVE COMMITTEE ARE FORWARDED TO THE FULL MEMBERSHIP OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. A FINANCIAL REPORT, BASED ON THE AUDITED FINANCIAL STATEMENTS, IS INCLUDED IN THE ANNUAL REPORT WHICH IS AVAILABLE ON THE ORGANIZATION'S WEBSITE. FORM 990, PART XI, LINE 9: UNREALIZED LOSS ON REMAINDER TRUSTS 889.