2013-07-12T09:21:32-05:00 2012-08-31 ERNST & YOUNG US LLP 111 MONUMENT CIRCLE SUITE 2600 INDIANAPOLIS IN 46204 990 2011-09-01 363097297 Northwestern Medical Faculty FOUNDATION % BRIAN M WALSH NORT 3126959166 680 North Lake Shore Drive Chicago IL 60611 ERIC G NEILSON 2013-07-11 3176817000 2011 2016-02-24 21:20:13Z ERIC G NEILSON MD 680 N LAKE SHORE DRIVE CHICAGO IL 60611 618691409 false X www.nmff.org X 1981 IL THE MISSION OF NORTHWESTERN MEDICAL FACULTY FOUNDATION IS TO PROMOTE OPTIMAL HEALTH BY PREVENTING AND CURING DISEASE, PROVIDING HIGH QUALITY CARE, AND SUPPORTING CRITICAL INQUIRY AND CONTINUOUS LEARNING. 32 6 2379 20 1049223 895396 23521970 35517000 545752642 572257072 3925523 1006837 0 0 573200135 608780909 46305861 55433189 0 0 318176960 333687452 0 0 0 171901591 203749187 536384412 592869828 36815723 15911081 450148097 571763996 233576398 331503579 216571699 240260417 X ABOUT NORTHWESTERN MEDICAL FACULTY FOUNDATION NORTHWESTERN MEDICAL FACULTY FOUNDATION (FOUNDATION) IS A FACULTY PRACTICE PLAN FOR THE FULL-TIME FACULTY OF NORTHWESTERN UNIVERSITY'S FEINBERG SCHOOL OF MEDICINE. COMPRISED OF APPROXIMATELY 800 PHYSICIANS AND 1,400 OTHER HEALTHCARE PROFESSIONALS, THE FOUNDATION PROVIDES SUPPORT FOR THE CLINICAL CARE ACTIVITIES OF ITS MEMBERS, A VENUE FOR MEDICAL EDUCATION AND CLINICAL RESEARCH, CHARITABLE OUTREACH TO THE COMMUNITY, AND FINANCIAL SUPPORT FOR THE ACADEMIC MISSION OF THE FEINBERG SCHOOL OF MEDICINE. MISSION: TO PROMOTE OPTIMAL HEALTH FOR OUR PATIENTS AND THE BROADER COMMUNITY BY PREVENTING AND CURING DISEASE, PROVIDING HIGH QUALITY MEDICAL CARE, AND SUPPORTING CRITICAL INQUIRY AND CONTINUOUS LEARNING. CORE COMMITMENTS: 1. TO PROVIDE ACCESSIBLE, EFFICIENT, AND EFFECTIVE MEDICAL CARE, WITH AN EMPHASIS ON DISTINCT INTERDISCIPLINARY SERVICES THAT FOCUS ON THE NEEDS OF THE PATIENT. 2. TO MAINTAIN PUBLIC AND INSTITUTIONAL TRUST BY EMBRACING THE HIG false false 480131791 0 572257072 CLINICAL CARE THE FOUNDATION IS COMMITTED TO PROVIDING HIGH QUALITY CLINICAL CARE TO OUR PATIENTS AND COMMUNITIES. OUR SPECIALISTS WORK ACROSS THE TRADITIONAL BOUNDARIES OF MEDICINE TO LEVERAGE THEIR EXPERTISE AND TO PROVIDE PATIENTS WITH COMPREHENSIVE, INDIVIDUALIZED, AND INNOVATIVE CLINICAL CARE. NORTHWESTERN MEMORIAL HOSPITAL, WHERE OUR MEMBERS ARE ATTENDING PHYSICIANS, IS RANKED AS A LEADER IN CLINICAL CARE IN A VARIETY OF SPECIALTIES BY U.S. NEWS AND WORLD REPORT. AMONG THESE ARE CANCER CARE; KIDNEY DISORDERS; HEART AND HEART SURGERY; GERIATRICS; EAR, NOSE AND THROAT; DIGESTIVE DISORDERS; RHEUMATOLOGY; DIABETES AND ENDOCRINE DISORDERS; NEUROLOGY AND NEUROSURGERY; GYNECOLOGY; ORTHOPEDICS; AND, UROLOGY. THE FOUNDATION ALSO OFFERS A VARIETY OF LEADING MULTI-DISCIPLINARY PROGRAMS THAT SERVE OUR PATIENT COMMUNITIES. EXAMPLES OF THESE ARE OUR CARDIOVASCULAR CENTER, CANCER CENTER, AND PELVIC HEALTH CENTER. THE BLUHM CARDIOVASCULAR INSTITUTE IS A RENOWNED HEART AND VASCULAR PROGRAM THAT OFFERS COMPREHENSIVE SERVICES AND TREATMENTS IN ALL AREAS OF CARDIOVASCULAR CARE. THE ROBERT H. LURIE COMPREHENSIVE CANCER CENTER IS COMMITTED TO PROVIDING PATIENTS WITH STATE-OF-THE ART TREATMENT, INNOVATIVE CLINICAL TRIAL OPTIONS, AND COMPASSIONATE CARE. THE MAGGIE DALEY CENTER FOR WOMEN'S CANCER CARE CENTRALIZES OUTPATIENT CANCER CARE FOR WOMEN, BRINGING TOGETHER IN ONE LOCATION BREAST MEDICAL ONCOLOGY, BREAST SURGERY, BREAST IMAGING, AND A COMPREHENSIVE RANGE OF SUPPORTIVE ONCOLOGY SERVICES. THE PELVIC HEALTH CENTER, A MULTIDISCIPLINARY CENTER TREATING SUCH DISORDERS AS INCONTINENCE, PELVIC ORGAN PROLAPSE, AND PELVIC PAIN SYNDROMES, BRINGS TOGETHER SPECIALISTS FROM UROGYNECOLOGY, UROLOGY, COLORECTAL SURGERY, AND REHABILITATION AND PHYSICAL THERAPY. THE FOUNDATION IS COMMITTED TO BEING A LEADING PROVIDER OF CLINICAL CARE TO ALL OF OUR COMMUNITIES AND NEIGHBORHOODS, REGARDLESS OF A PATIENT'S ABILITY TO PAY. IN ACCORDANCE WITH OUR COMMITMENT TO THE COMMUNITY, THE FOUNDATION PROVIDES MEDICAL CARE TO INDIGENT AND ECONOMICALLY DISADVANTAGED PERSONS FREE OF CHARGE OR AT DISCOUNTED RATES. SPECIFICALLY, THE FOUNDATION OFFERS CHARITY CARE OPTIONS TO ITS PATIENTS WHO ARE ILLINOIS RESIDENTS (WITH SOME EXCEPTIONS FOR NONRESIDENTS) AND WHO MEET THE GUIDELINES SET FORTH IN ITS CHARITY CARE POLICY AND WHO APPLY FOR FINANCIAL ASSISTANCE. THE CURRENT GUIDELINES OFFER A 100% DISCOUNT TO PATIENTS WITH INCOME UP TO 250% OF THE FEDERAL POVERTY LEVEL AND A 75% DISCOUNT TO PATIENTS WITH INCOME EQUAL TO 251-600% OF THE FEDERAL POVERTY LEVEL. EVEN IF A PATIENT IS NOT ELIGIBLE FOR A DISCOUNT DUE TO INCOME LEVEL, CHARGES ARE CAPPED TO NOT EXCEED SPECIFIED PERCENTAGES OF A PATIENT'S ANNUAL INCOME. FOR THE YEAR ENDED AUGUST 31, 2012, THE COST OF CHARITY CARE APPROXIMATED $11,773,000. THE FOUNDATION ESTIMATED THESE COSTS BY APPLYING AN OVERALL COST TO CHARGE RATIO TO THE CHARGES INCURRED. IN ADDITION TO CHARITY CARE, THE FOUNDATION PROVIDES MEDICAL CARE TO PERSONS COVERED BY GOVERNMENT PROGRAMS WHICH PROVIDE REIMBURSEMENT AT RATES THAT ARE LESS THAN THE RELATED COSTS. THE FOUNDATION ALSO STRIVES TO PROVIDE A FULL CONTINUUM OF CLINICAL CARE TO OUR COMMUNITY THAT MEETS THE VARYING HEALTHCARE NEEDS OF ITS RESIDENTS. IN ORDER TO PROVIDE COMPREHENSIVE CARE, THE FOUNDATION OFFERS SERVICES THAT ARE OFTEN CRITICAL TO A PATIENT'S HEALTH, BUT WHERE REIMBURSEMENT DOES NOT COVER THE COSTS OF PROVIDING THE SERVICES. THE FOUNDATION ENGAGES IN A NUMBER OF COMMUNITY OUTREACH ACTIVITIES, MANY OF WHICH PROVIDE ACCESS TO HIGH QUALITY CARE TO COMMUNITY RESIDENTS WHO MAY NOT OTHERWISE RECEIVE ADEQUATE TREATMENT. FOUNDATION PHYSICIANS FROM NUMEROUS PRACTICE AREAS PROVIDE FREE MEDICAL CARE AT COMMUNITY CLINICS SERVING THE INDIGENT AND UNDERSERVED POPULATIONS. IN ADDITION, SEVERAL FOUNDATION PHYSICIANS PROVIDE CARE AT THE JESSE BROWN VETERANS ADMINISTRATION MEDICAL CENTER AND AT THE JOHN STROGER HOSPITAL OF COOK COUNTY. THE FOUNDATION ALSO OFFERS INTERPRETATION SERVICES AT NO CHARGE TO ALL PATIENTS. FURTHER, THE FOUNDATION SPONSORS A TRANSPLANT PROGRAM DEDICATED TO SPANISH SPEAKING PATIENTS IN ORDER TO MORE EFFECTIVELY EDUCATE AND TREAT THE SPANISH SPEAKING SEGMENT OF OUR COMMUNITY. THE FOUNDATION ALSO SUPPORTS OTHER HEALTH-RELATED AND NON-HEALTH-RELATED PROGRAMS OF BENEFIT TO SURROUNDING COMMUNITIES. FOR EXAMPLE, A "CHARITABLE TEAM," COMPRISED OF EMPLOYEE VOLUNTEERS FROM A CROSS-SECTION OF DEPARTMENTS, IDENTIFIES OPPORTUNITIES DESIGNED TO SUPPORT COMMUNITY NEEDS. DURING FISCAL YEAR 2012, THESE ACTIVITIES INCLUDED CLOTHING, FOOD, SCHOOL SUPPLY, AND TOY DRIVES; A FUNDRAISING EVENT FOR THE GREATER CHICAGO FOOD DEPOSITORY; AND PARTICIPATING IN THE CHICAGO CARE-A-THON. IN ADDITION, THE FOUNDATION PROVIDES EXTENSIVE HEALTH CARE STUDENT TRAINING, CLINICAL OBSERVATION OPPORTUNITIES, AND IN-SERVICE OR OTHER TRAINING PROGRAMS FOR NON-NORTHWESTERN STUDENTS, VISITING SCHOLARS AND CLINICIANS, AND HEALTH CARE PROFESSIONALS. CLINICAL PRACTICE AREAS AND ADMINISTRATIVE DEPARTMENTS WITHIN THE FOUNDATION ALSO PARTICIPATE IN A NUMBER OF ACTIVITIES WHICH BENEFIT LOCAL, NATIONAL, AND INTERNATIONAL COMMUNITIES. THESE INCLUDE: -FUNDING A PORTION OF SALARIES FOR PATIENT NAVIGATORS TO ASSIST COMMUNITY PATIENTS IN OVERCOMING BARRIERS TO CANCER CARE; -PROVIDING SUPPORT PROGRAMS FOR PATIENTS, FAMILIES/CAREGIVERS AND THE PUBLIC. FOR EXAMPLE, THE FOUNDATION'S MONTHLY "CANCER CONNECTIONS" MEETING PROVIDES PATIENTS, CAREGIVERS AND FAMILY MEMBERS, AND THE PUBLIC AN OPPORTUNITY TO LEARN ABOUT LOCAL SUPPORT GROUPS, EDUCATIONAL PROGRAMS, WELLNESS ACTIVITIES AND COMMUNITY RESOURCES TO ASSIST PATIENTS IN THEIR CANCER JOURNEY; -PROVIDING HEALTH INFORMATION TO THE COMMUNITY: PHYSICIANS FROM ALMOST EVERY CLINICAL AREA AT THE FOUNDATION ARE FREQUENT SPEAKERS AT COMMUNITY EDUCATION EVENTS, AS WELL AS CONTRIBUTORS TO STRUCTURED EDUCATIONAL PROGRAMS. THE INTERNET HAS ALSO PROVIDED A FORUM FOR FOUNDATION PHYSICIANS TO COMMUNICATE HEALTH INFORMATION TO THE PUBLIC; -SUPPORTING IN-KIND CONTRIBUTION TO ORGANIZATIONS THAT BENEFIT THE COMMUNITY: THE FOUNDATION ENCOURAGES ITS EMPLOYEES TO BE ACTIVELY INVOLVED IN PROFESSIONAL ACTIVITIES, AND MANY OF THE PROFESSIONAL ORGANIZATIONS IN WHICH THE EMPLOYEES ARE INVOLVED SEEK TO IMPROVE PUBLIC HEALTH; -SPONSORING VARIOUS EVENTS (e.g., BAKE SALES) TO BENEFIT VARIOUS CHARITIES. 55433189 55433189 0 RESEARCH AND EDUCATION THE FOUNDATION IS COMMITTED TO THE MISSION OF ADVANCING THE BOUNDARIES OF MEDICAL SCIENCE AND CLINICAL PRACTICES THROUGH THE DISCOVERY, TRANSLATION, AND DISSEMINATION OF KNOWLEDGE IN CONJUNCTION WITH ITS ACADEMIC PARTNER, NORTHWESTERN UNIVERSITY FEINBERG SCHOOL OF MEDICINE (FSM). THE FOUNDATION ALSO IS COMMITTED TO TRAINING THE NEXT GENERATION OF HEALTHCARE PROVIDERS. THE FOUNDATION'S MEMBER PHYSICIANS ALSO SERVE AS FACULTY AT FSM AND PARTICIPATE IN A WIDE RANGE OF ACADEMIC ACTIVITIES INCLUDING TEACHING, RESEARCH, AND OTHER SCHOLARLY ACTIVITIES. FSM WAS RANKED BY U.S. NEWS AND WORLD REPORT AS BEING IN THE TOP TWENTY MEDICAL SCHOOLS IN THE NATION FOR RESEARCH. For the year ended August 31, 2012, the Foundation contributed $55.1 million to FSM directly and indirectly through Northwestern Foundation for Research and Education FOR THE PURPOSE OF DEVELOPING AND SUSTAINING MEDICAL EDUCATION PROGRAMS, ENHANCING BASIC AND APPLIED BIOMEDICAL RESEARCH, AND SUPPORTING OTHER RESEARCH AND EDUCATIONAL ACTIVITIES. IN PARTICULAR, FSM REPORTS THAT CONTRIBUTIONS FROM THE FOUNDATION: SUPPORTED THE RECRUITMENT AND RETENTION OF FACULTY INVESTIGATORS AND ACADEMIC LEADERS; PROVIDED FUNDING FOR CORE FACILITIES AND SERVICES FOR RESEARCH AND EDUCATION, INCLUDING THE CLINICAL AND TRANSLATIONAL SCIENCES INSTITUTE, CENTER FOR SIMULATION AND TECHNOLOGY AND IMMERSIVE LEARNING, ENTERPRISE DATA WAREHOUSE, AND THE CENTER FOR COMPARATIVE MEDICINE; ENABLED THE RENOVATION AND IMPROVEMENT OF PHYSICAL FACILITIES FOR RESEARCH AND EDUCATION; ESTABLISED THE INSTITUTE FOR PUBLIC HEALTH AND MEDICINE, WITH EMPHASIS ON HEALTH CARE QUALITY AND PATIENT CENTERED OUTCOMES; AND, PROVIDED FINANCIAL RESOURCES FOR THE GENERAL SUPPORT OF DEPARTMENT-BASED COSTS OF ACADEMIC AND RESEARCH ACTIVITIES, INCLUDING SALARIES OF FACULTY, GRADUATE STUDENTS, FELLOWS, AND RESEARCH STAFF. 535564980 true true false false false false false false false false true true false true true true false true false false true false false false false false false true false true true false false false false false true false false false false true false false false false true true true false false true 195 0 true 2379 true true true false false false false false false false false false X 32 6 false true false false true true true true true false false false true true true true true true true true true IL X BRIAN M WALSH 3126950141 680 NORTH LAKE SHORE DRIVE STE 111 CHICAGO IL 60611 X ERIC G NEILSON MD 60.0 X X 199187 199855 29598 James Adams MD 60.0 X 348822 225877 50294 H HUNTINGTON BATJER MD 60.0 X 1033186 116215 65609 HOWARD CHRISMAN MD 60.0 X 638141 1010 37951 JOHN csernansky MD 60.0 X 223020 265890 44384 SHARON DOOLEY MD 60.0 X 371077 119598 35748 ROBERT KERN MD 60.0 X 588962 234773 72099 JOHN KESSLER MD 60.0 X 583863 235885 72920 BHARAT MITTAL MD 60.0 X 683540 97500 66640 WILLIAM MULLER MD 60.0 X 311061 299919 71087 AMY PALLER MD 60.0 X 519116 133065 73256 ERIC RUSSELL MD 60.0 X 894610 119271 58749 ANTHONY SCHAEFFER MD 60.0 X 451164 365775 61699 NATHANIEL SOPER MD 60.0 X 682932 162192 60716 MARIE CHRISTINE STOCK MD 60.0 X 686184 1008 54657 DOUGLAS VAUGHAN MD 60.0 X 457055 273073 67335 NICHOLAS VOLPE MD 60.0 X 421996 162789 55359 SERDAR BULUN MD 60.0 X 50634 331959 39594 JACK ROZENTAL MD 60.0 X 203783 20574 51114 TERRANCE PEABODY MD 60.0 X 160547 63162 27400 ROBERT SUFIT MD 60.0 X 193168 62907 37819 ROBERT FEDER MD 60.0 X 307922 1806 56318 JAMES CHANDLER MD 60.0 X 723658 20462 40494 WILLIAM GROBMAN MD 60.0 X 72918 216028 43983 JUDITH WOLFMAN MD 60.0 X 391825 3083 51708 DAVID MAHVI MD 60.0 X 445308 71517 59676 JONATHAN LICHT MD 60.0 X 180186 390973 61113 Gary Martin 60.0 X 147286 197854 61860 MALCOLM DECAMP MD 60.0 X 830474 69753 60601 CLYDE YANCY MD 60.0 X 153635 412625 41839 STEPHEN CRAWFORD 1.0 X 4850 0 0 CHARLES GARDNER 1.0 X 12350 0 0 J DOUGLAS GRAY 1.0 X 6650 0 0 KATHY HANNAN 1.0 X 0 0 0 LLOYD MORGAN 1.0 X 6900 0 0 JANE PIGOTT 1.0 X 0 0 0 DEAN HARRISON 1.0 X 0 0 0 NORMAN BOTSFORD 60.0 X X 155000 0 0 PHILLIP ROEMER MD 60.0 X 297623 3000 55760 Brian m Walsh 60.0 X 437831 0 34540 Danae K Prousis 60.0 X 568688 0 33040 CARL CHRISTENSEN 60.0 X 432986 0 3628 STEVEN ROSEN MD 60.0 X 277460 840294 56312 SIMON YOO MD 60.0 X 1165296 2334 44035 MURAD ALAM MD 60.0 X 1423269 2333 38440 PATRICK MCCARTHY MD 60.0 X 1828161 160192 53724 THOMAS MUSTOE MD 60.0 X 1018689 109168 58159 LISA ANASTOS 60.0 X 322006 0 2366 JEFFREY GLASSROTH 60.0 X 1034838 265749 54891 JAMES LARRY JAMESON 60.0 X 171151 372500 52158 JAMES SCHROEDER 60.0 X 517293 163532 59217 22636301 6795500 2157890 793 true true false RAGNER BENSON CONSTRUCTION 250 SOUTH NORTHWEST HIGHWAY PARK RIDGE IL 60068 CONSTRUCTION SERVICE 2705588 Winston Strawn LLP 35 WEST WACKER DRIVE CHICAGO IL 60601 LEGAL SERVICES 528658 MIRAMED REVENUE GROUP 991 OAK CREEK DRIVE LOMBARD IL 60148 REVENUE CYCLE SRVC 382689 MCDERMOTT WILL EMERY 227 WEST MONROE CHICAGO IL 60606 LEGAL SERVICES 337268 ERNST YOUNG LLP 155 NORTH WACKER DRIVE CHICAGO IL 60606 AUDIT & TAX SERVICES 285904 14 9345000 26172000 5750000 35517000 PATIENT SERVICE REVENUE 621110 505004000 505004000 RENTAL INCOME 532000 507000 507000 OTHER REVENUE 621110 64749072 64749072 DIAGNOSTIC IMAGING - 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INSTITUTIONAL MKT FD 706314 F TOTAL BOND MARKET INDEX FUND 630000 F INFLATION-PROTECTED SECURITIES 630000 F TOTAL STOCK MARKET INDEX FUND 3220000 F REIT INDEX FUND INST (VGSNX) 1260000 F TOTAL INTL. STOCK INDEX 1260000 F CFI ALL CAP FUND 7801787 F 85470982 TRUSTEE-HELD FUNDS 7808 OTHER ACCOUNTS RECEIVABLE 13032541 DEFERRED COMPENSATION PROGRAM 8152936 INSURANCE PROGRAM ASSETS 90925906 INSURANCE RECOVERABLES 82635000 194754191 0 ACCOUNTS PAYABLE DUE TO NU 1696681 DEFERRED COMPENSATION PROGRAM LIAB 8244229 INSURANCE PROGRAM LIABILITIES 66385309 DEFERRED RENT & LEASE INCENTIVE 9958965 OTHER NON-CURRENT LIABILITIES 1412140 ACCRUED LOSSES INSURANCE RECOVERY 82635000 170332324 SUPPLEMENTAL INFORMATION SCHEDULE D, PART XIV THE FOUNDATION ROUTINELY ASSESSES UNCERTAIN TAX POSITIONS TO DETERMINE WHETHER, BASED ON THE TECHNICAL MERITS, SUCH POSITIONS ARE MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. FOR POSITIONS THAT FAIL TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD THE FOUNDATION ESTIMATES AND RECORDS THE AMOUNT OF THE POTENTIAL TAX LIABILITY, INCLUDING TAXES, INTEREST, AND PENALTIES. WHERE MATERIAL, RELATED AMOUNTS ARE DISCLOSED. Central America and the Caribbean Investments ENDING BALANCE 3376864 Central America and the Caribbean Program Services INSURANCE 19357812 22734676 22734676 true false true false false false true NORTHWESTERN UNIVERSITY 333 EAST SUPERIOR ST Chicago IL 60611 362167817 501(C)(3) 20314216 PROVISION FOR RESEARCH & EDUCATION NORTHWESTERN UNIVERSITY 333 EAST SUPERIOR ST CHICAGO IL 60611 362167817 501(C)(3) 27145221 Research and academic MCGAW MEDICAL CENTER OF NORTHWESTERN UNIVER 420 EAST SUPERIOR ST CHICAGO IL 60611 362656113 501(C)(3) 273752 GENERAL MEDICAL EDUCATION SUPPORT NORTHWESTERN FDN FOR RESEARCH & EDUCATION 680 NORTH LAKE SHORE DRIVE CHICAGO IL 60611 364093385 501(C)(3) 7700000 PROVISION FOR RESEARCH & EDUCATION 3 0 FORM 990, SCHEDULE I DESCRIPTION OF ORGANIZATION'S PROCEDURES FOR MONITORING THE USE OF GRANTS THE FOUNDATION REQUIRES NORTHWESTERN UNIVERSITY'S FEINBERG SCHOOL OF MEDICINE TO PROVIDE AN ANNUAL ACCOUNTING OF EXPENDITURES MADE AND ACTIVITIES SUPPORTED USING GRANTS AND CONTRIBUTIONS PROVIDED BY THE FOUNDATION (I.E., PROVISION FOR RESEARCH AND EDUCATION AND RESEARCH AND ACADEMIC PROGRAM SUPPORT AMOUNTS). GRANTS AND CONTRIBUTIONS MADE TO MCGAW MEDICAL CENTER ARE PAID ON THE BASIS OF PERIODIC INVOICES AND SUPPORT STIPENDS AND BENEFITS FOR MEDICAL RESIDENTS AND FELLOWS. X X X X X true true false true false false false true true true ERIC G NEILSON MD 82080 199327 100000 0 17107 528 24000 0 5491 107 228678 199962 0 0 James Adams MD 223462 225517 125000 0 360 360 29400 11182 8809 903 387031 237962 0 0 H HUNTINGTON BATJER MD 906921 108899 100267 0 25998 7316 29400 11469 23952 794 1086538 128478 0 0 HOWARD CHRISMAN MD 422600 959 198718 0 16823 51 29400 101 8447 3 675988 1114 0 0 JOHN csernansky MD 106282 259083 110000 0 6738 6807 15454 5775 22002 1153 260476 272818 0 0 SHARON DOOLEY MD 244407 87916 125000 0 1670 31682 25105 5399 3978 1266 400160 126263 0 0 ROBERT KERN MD 376153 234221 190000 0 22809 552 29400 11612 30091 996 648453 247381 0 0 JOHN KESSLER MD 235140 234170 323065 0 25658 1715 29400 11574 30796 1150 644059 248609 0 0 BHARAT MITTAL MD 537208 92625 140000 0 6332 4875 29400 9750 27065 425 740005 107675 0 0 WILLIAM MULLER MD 144187 299919 160000 0 6874 0 29400 12250 28540 897 369001 313066 0 0 AMY PALLER MD 321274 125556 180000 0 17842 7509 29400 13123 30412 321 578928 146509 0 0 ERIC RUSSELL MD 560249 111803 325000 0 9361 7468 29400 11769 16707 873 940717 131913 0 0 ANTHONY SCHAEFFER MD 205512 364060 220000 0 25652 1715 29400 12250 18796 1253 499360 379278 0 0 NATHANIEL SOPER MD 524300 154445 135000 0 23632 7747 29400 6715 23683 918 736015 169825 0 0 MARIE CHRISTINE STOCK MD 440362 958 223022 0 22800 50 29400 101 25150 6 740734 1115 0 0 DOUGLAS VAUGHAN MD 387765 239790 62500 0 6790 33283 29400 8928 27893 1114 514348 283115 0 0 NICHOLAS VOLPE MD 346528 143525 75000 0 468 19264 29400 6875 18373 711 469769 170375 0 0 SERDAR BULUN MD 29039 294117 20933 0 662 37842 3710 12250 22638 996 76982 345205 0 0 JACK ROZENTAL MD 159062 19545 27000 0 17721 1029 25298 2057 23609 150 252690 22781 0 0 TERRANCE PEABODY MD 160153 62978 0 0 394 184 19443 0 7850 107 187840 63269 0 0 ROBERT SUFIT MD 122910 58990 34000 0 36258 3917 23208 6210 7948 453 224324 69570 0 0 ROBERT FEDER MD 218363 1578 50122 0 39437 228 29400 457 26447 14 363769 2277 0 0 JAMES CHANDLER MD 528227 19439 195000 0 431 1023 29400 2046 9038 10 762096 22518 0 0 WILLIAM GROBMAN MD 48256 203443 19937 0 4725 12585 10081 10783 22359 760 105358 227571 0 0 JUDITH WOLFMAN MD 301017 2929 50589 0 40219 154 29400 308 21993 7 443218 3398 0 0 DAVID MAHVI MD 371943 67941 50000 0 23365 3576 29400 7152 23060 64 497768 78733 0 0 JONATHAN LICHT MD 126448 373921 47520 0 6218 17052 19901 12250 27966 996 228053 404219 0 0 Gary Martin 101417 186874 41814 0 4055 10980 18304 19897 22602 1057 188192 218808 0 0 MALCOLM DECAMP MD 708807 66265 50000 0 71667 3488 29400 6975 23952 274 883826 77002 0 0 CLYDE YANCY MD 112828 357785 37500 0 3307 54840 16536 11594 12796 913 182967 425132 0 0 PHILLIP ROEMER MD 230895 2850 61226 0 5502 150 29400 300 26055 5 353078 3305 0 0 Brian m Walsh 261160 0 145000 0 31671 0 24500 0 10040 0 472371 0 0 0 Danae K Prousis 342500 0 225000 0 1188 0 24500 0 8540 0 601728 0 0 0 CARL CHRISTENSEN 332572 0 100000 0 414 0 0 0 3628 0 436614 0 0 0 NORMAN BOTSFORD 155000 0 0 0 0 0 0 0 0 0 155000 0 0 0 STEVEN ROSEN MD 145670 822762 125000 0 6790 17532 18957 12250 23952 1153 320369 853697 0 0 SIMON YOO MD 337764 2217 827362 0 170 117 29400 233 14387 15 1209083 2582 0 0 MURAD ALAM MD 329369 2310 1077261 0 16639 23 29400 140 8884 16 1461553 2489 0 0 PATRICK MCCARTHY MD 1164580 152514 640000 0 23581 7678 29400 6646 16617 1061 1874178 167899 0 0 THOMAS MUSTOE MD 689815 104169 315000 0 13874 4999 29400 4799 23683 277 1071772 114244 0 0 LISA ANASTOS 321803 0 0 0 203 0 0 0 2366 0 324372 0 0 0 JEFFREY GLASSROTH 299120 265749 708333 0 27385 0 27458 10312 2439 14682 1064735 290743 0 0 JAMES LARRY JAMESON 148230 363359 0 0 22921 9141 18085 21582 11914 577 201150 394659 0 0 JAMES SCHROEDER 143040 154375 67695 0 306558 9157 0 0 0 0 517293 163532 0 0 Supplemental Compensation Information Schedule J, Part I, Line 4a DR. JAMES SCHROEDER RECEIVED SEVERANCE PAYMENTS TOTALING $288,755 FROM THE ORGANIZATION. SUPPLEMENTAL COMPENSATION INFORMATION SCHEDULE J, PART I, LINE 4C DURING THE PERIOD FROM DECEMBER 31, 1999 TO NOVEMBER 30, 2001, THE FOUNDATION SPONSORED A NONQUALIFIED, DISCRETIONARY DEFERRED COMPENSATION PLAN FOR CERTAIN EMPLOYEES. THIS PLAN ALLOWED PARTICIPANTS TO FORGO CERTAIN COMPENSATION AMOUNTS IN FAVOR OF A TEN-YEAR DEFERRED COMPENSATION OPTION. UNDER TERMS OF THE PROGRAM, PARTICIPANTS DIRECT THE INVESTMENT OF THEIR COMPENSATION DEFERRALS PLUS A 33% MATCHING AMOUNT PROVIDED BY THE FOUNDATION. PARTICIPANTS ARE ENTITLED TO THE CUMULATIVE NET EARNINGS REALIZED THROUGH INVESTMENT OF THESE FUNDS DURING THE OPTION PERIOD. TO RECEIVE PROCEEDS UNDER THE ARRANGEMENT, PARTICIPANTS MUST PAY AN EXERCISE PRICE EQUAL TO THE 33% MATCHING AMOUNT CONTRIBUTED BY THE FOUNDATION. THE FOLLOWING PARTICIPANTS RECEIVED PAYMENTS UNDER THE PROGRAM DURING THE REPORTING PERIOD: -H. Huntington Batjer, MD.... $268 -John Kessler, MD.............$85,065 -Marie CHRISTINE Stock, MD....$73,022 -JAMES SCHROEDER..............$67,695 -BRIAN M. WALSH...............$258 THESE PAYMENTS ARE INCLUDED WITHIN COMPENSATION SHOWN IN SCHEDULE J, PART II. Supplemental Compensation Information Schedule J, Part I, Line 5a A LIMITED NUMBER OF PHYSICIANS EMPLOYED BY THE FOUNDATION RECEIVE COMPENSATION IN PART BASED UPON REVENUES GENERATED BY THEIR PERSONALLY PROVIDED CLINICAL SERVICES. Supplemental Compensation Information SCHEDULE J, PART I, LINE 7 THE COMPENSATION COMMITTEE MAKES DECISIONS ON CERTAIN NON-FIXED PAYMENTS SUCH AS INCENTIVE COMPENSATION. SEE SCHEDULE O FOR DETAILED DESCRIPTION OF THE COMPENSATION COMMITTEE PROCESS. Schedule J, Part I, Line 8 PHYSICIANS WHOSE COMPENSATION IS REPORTED IN FORM 990, PART VII RECEIVED COMPENSATION PURSUANT TO TERMS THAT WERE FIXED IN CONTRACTS EXECUTED AT THE TIME OF THEIR RECRUITMENT TO THE FOUNDATION. IN EACH CASE, THE FOUNDATION FOLLOWED THE REBUTTABLE PRESUMPTION PROCEDURE DESCRIBED IN REGULATIONS SECTION 53.4958-6(C) IN APPROVING THEIR COMPENSATION. ILLINOIS FINANCE AUTHORITY 861091967 111111111 2012-04-23 63965000 REFUNDING OF 1998 BONDS false false false 63452252 0 63965000 0 0 0 512748 0 0 0 0 0 2012 true false true true false true true true true true 0.00620 0.00000 0.00620 false false true false 0 false 0 false true DAVID MAHVI RECRUIT X 100000 16667 false false true 16667 LOAN TO DIRECTOR PRIOR TO HIS DIRECTORSHIP SCHEDULE L, PART II DR. DAVID MAHVI'S RECRUITMENT AGREEMENT WITH NORTHWESTERN MEDICAL FACULTY FOUNDATION INCLUDES A LOAN. DR. MAHVI IS A MEMBER OF THE BOARD OF DIRECTORS AND AN EMPLOYED PHYSICIAN. THIS ARRANGEMENT WAS PART OF A RECRUITMENT PACKAGE MADE IN ACCORDANCE WITH FOUNDATION'S COMPENSATION COMMITTEE POLICIES AND PROCEDURES, AND WAS EXECUTED BEFORE THE PHYSICIAN WAS APPOINTED AS A DIRECTOR. X 2400 5250000 other false false false Supplemental Information Schedule M, Part I, Line 10 ON September 23, 2011, the Foundation accepted assignment of common stock representing non-controlling interests in two commercial ventures as part of the settlement of an estate for which the Foundation was a beneficiary. Supplemental Information FORM 990, PART V, LINE 2A THE AMOUNT DISCLOSED REFLECTS THE NUMBER OF W-2'S ISSUED BY NORTHWESTERN MEDICAL FACULTY FOUNDATION DIRECTLY, AS WELL AS THOSE ISSUED BY NORTHWESTERN UNIVERSITY TO JOINT EMPLOYEES WHO ARE PAID THROUGH A COMMON PAYMASTER. DELEGATION OF MANAGEMENT DUTIES FORM 990, PART VI, LINE 3 DURING FISCAL YEAR 2012, THE FOUNDATION RETAINED NORMAN A. BOTSFORD TO PROVIDE SERVICES AS INTERIM SENIOR VICE PRESIDENT AND CHIEF OPERATING OFFICER. ADDITIONALLY, DURING FISCAL YEAR 2012, THE FOUNDATION ENGAGED BEACON PARTNERS TO OVERSEE BILLING AND COLLECTION FUNCTIONS AND EASTWICK STRATEGY GROUP TO OVERSEE HUMAN RESOURCES FUNCTIONS. DESCRIBE THE CLASS(ES) OF MEMBERS OR STOCKHOLDERS FORM 990, PART VI, LINE 6 THE FOUNDATION IS ORGANIZED UNDER THE ILLINOIS GENERAL NOT FOR PROFIT CORPORATION ACT AND HAS MEMBERS WHO ARE FACULTY MEMBERS OF THE NORTHWESTERN UNIVERSITY FEINBERG SCHOOL OF MEDICINE. DESCRIPTION OF CLASSES OF PERSONS AND THE NATURE OF THEIR RIGHTS FORM 990, PART VI, LINE 7A UNDER THE FOUNDATION'S BYLAWS, MEMBERS OF THE FOUNDATION HAVE THE RIGHT TO ELECT AT-LARGE DIRECTORS OF THE BOARD AT THE ANNUAL MEETING OF THE MEMBERS. DESCR CLASSES OF PERSONS, DECISIONS REQUIRING APPR & TYPE OF VOTING RIGHTS FORM 990, PART VI, LINE 7B UNDER THE FOUNDATION'S BYLAWS, MEMBERS OF THE FOUNDATION HAVE THE RIGHT TO VOTE TO AMEND OR REPEAL THE BYLAWS AND TO ALTER THE AMOUNT OF THE CONTRIBUTIONS TO THE DEAN'S EDUCATION-RESEARCH FUND OF THE FEINBERG SCHOOL OF MEDICINE. DESCRIBE THE PROCESS USED BY MANAGEMENT &/OR GOVERNING BODY TO REVIEW 990 FORM 990, PART VI, LINE 11 THE FOUNDATION'S BOARD OF DIRECTORS, THROUGH A POLICY ADOPTED BY THE BOARD, HAS DELEGATED TO THE COMPLIANCE AND AUDIT COMMITTEE RESPONSIBILITY FOR REVIEWING FORM 990 PRIOR TO FILING WITH THE IRS. THE COMPLIANCE AND AUDIT COMMITTEE RECEIVED FORM 990 (INCLUDING REQUIRED SCHEDULES) ON JULY 5, 2013, AND MET WITH MANAGEMENT ON JULY 10, 2013 TO REVIEW AND DISCUSS FORM 990 PRIOR TO FILING. DESCRIPTION OF PROCESS TO MONITOR TRANSACTIONS FOR CONFLICT OF INTEREST FORM 990, PART VI, LINE 12C IN ACCORDANCE WITH ITS CONFLICT OF INTEREST POLICY, THE FOUNDATION CONDUCTS AN ANNUAL SURVEY OF INTERESTS OF THE MEMBERS OF THE BOARD OF DIRECTORS; MEMBERS OF BOARD COMMITTEES; OFFICERS; PHYSICIANS MEMBERS; PHYSICIAN CONSULTANTS; MANAGEMENT; THE INTERNAL AUDITOR; AND, THOSE INVOLVED IN PROCUREMENT ACTIVITIES. IN ADDITION TO COMPLETING THE ANNUAL SURVEY, INDIVIDUALS SUBJECT TO THE POLICY ARE REQUIRED TO UPDATE THEIR SURVEY RESPONSES THROUGHOUT THE YEAR. ALL ANNUAL RESPONSES ARE REVIEWED BY THE FOUNDATION'S GENERAL COUNSEL AND CHIEF COMPLIANCE OFFICER. ADDITIONALLY, THE FOUNDATION'S CLINICAL DEPARTMENT CHAIRMAN AND/OR DIVISION CHIEFS REVIEW THE ANNUAL SURVEY RESPONSES FOR THE PHYSICIANS IN THEIR DEPARTMENTS. FURTHER, THE COMPLIANCE AND AUDIT COMMITTEE REVIEWS THE ANNUAL SURVEY RESPONSES OF ALL MEMBERS OF THE BOARD OF DIRECTORS; MEMBERS OF BOARD COMMITTEES; OFFICERS; EXECUTIVE MANAGEMENT; AND, THE INTERNAL AUDITOR. THE COMPLIANCE AND AUDIT COMMITTEE ALSO RECEIVES AND REVIEWS A SUMMARY REPORT OF ANNUAL SURVEY RESPONSES FROM ALL OTHER RESPONDENTS. WHEN DEEMED NECESSARY AND APPROPRIATE, CONFLICT MANAGEMENT PLANS ARE DEVELOPED AND IMPLEMENTED FOR SELECT RESPONDENTS. THE FOUNDATION'S POLICY ALLOWS FOR PENALTIES FOR INDIVIDUALS REFUSING TO COOPERATE IN THE ANNUAL CONFLICT OF INTEREST SURVEY PROCESS. PROCESS FOR DETERMINING COMPENSATION FOR CEO, AND OTHER OFFICERS FORM 990, PART VI, LINES 15A & 15B THE COMPENSATION COMMITTEE OF THE NORTHWESTERN MEDICAL FACULTY FOUNDATION IS A COMMITTEE OF THE BOARD OF DIRECTORS WHOSE VOTING MEMBERS ARE ALL OUTSIDE DIRECTORS. THE COMMITTEE OPERATES PURSUANT TO A COMPENSATION COMMITTEE CHARTER AND AN EXECUTIVE LEADERSHIP COMPENSATION PHILOSOPHY AND STRATEGY, BOTH APPROVED BY THE COMMITTEE AND THE BOARD OF DIRECTORS. THE CHARTER DELEGATES OVERSIGHT OF EXECUTIVE LEADERSHIP COMPENSATION TO THE COMMITTEE. THE COMMITTEE IS RESPONSIBLE FOR THE REVIEW AND APPROVAL OF ALL COMPENSATION AND BENEFITS PROVIDED BY THE FOUNDATION TO EXECUTIVES, PHYSICIANS WHO ARE "POTENTIALLY DISQUALIFIED PERSONS", AND OTHER PHYSICIAN EMPLOYEES WHO MEET CRITERIA ESTABLISHED BY THE COMMITTEE. THE COMMITTEE RECOGNIZES THE RESPONSIBILITY TO ENSURE THAT ITS EXECUTIVE LEADERSHIP COMPENSATION PROGRAM IS IN FULL COMPLIANCE WITH ALL APPLICABLE LAWS; THAT IT IS APPROPRIATE IN VIEW OF THE FOUNDATION'S PURPOSES, MISSION, AND TAX-EXEMPT STATUS; AND, THAT TOTAL COMPENSATION LEVELS ARE REASONABLE AND NOT EXCESSIVE. THE COMMITTEE, PRIOR TO MAKING COMPENSATION DECISIONS WITH RESPECT TO EXECUTIVE LEADERSHIP AND OTHER DISQUALIFIED PERSONS, OBTAINS AND RELIES UPON APPROPRIATE COMPARABILITY DATA TO SUPPORT ITS DECISION-MAKING PROCESS. THE COMMITTEE'S DECISION-MAKING PROCESS AND MEETINGS ARE THOROUGHLY DOCUMENTED IN OFFICIAL MINUTES ON A TIMELY BASIS. THE COMMITTEE ENGAGES OUTSIDE INDEPENDENT LEGAL COUNSEL AND OUTSIDE INDEPENDENT COMPENSATION CONSULTANTS TO ASSIST THE COMMITTEE IN ITS DECISION-MAKING PROCESS. NO MEMBER OF THE COMMITTEE HAS ANY CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENTS COMING BEFORE THE COMMITTEE. AVAIL OF GOV DOCS, CONFLICT OF INTEREST POLICY, & FIN STMTS TO GEN PUBLIC FORM 990, PART VI, LINE 19 THE FOUNDATION MAKES AVAILABLE TO THE PUBLIC BOTH THE CONFLICT OF INTEREST POLICY AND PHYSICIAN RESPONSES TO THE ANNUAL CONFLICT OF INTEREST SURVEY. IN ACCORDANCE WITH LAW, THE FOUNDATION MAKES AVAILABLE ITS FORM 990 AND FORM 990-T TO THE PUBLIC. HOURS WORKED FOR RELATED ORGANIZATIONS FORM 990, PART VII, SECTION A THE TOTAL 60 HOURS REPORTED AS WORKED INCLUDES HOURS WORKED FOR BOTH THE FOUNDATION AND RELATED ORGANIZATIONS. RECONILIATION OF NET ASSETS FORM 990, PART XI, LINE 5 LOSS ON REFINANCING ($2,377,267) UNREALIZED GAINS ON TRADING SECURITIES 1,766,105 UNREALIZED EARNINGS ON ALTERNATIVE INVESTMENTS 1,214,941 UNREALIZED EARNINGS ON INSURANCE PROGRAM ASSETS 5,573,858 UNREALIZED EARNINGS ON RESTRICTED ASSETS 1,600,000 ============= OTHER CHANGES IN NET ASSETS $7,777,637 TAX-EXEMPT BOND MONITORING SCHEDULE K, PART III, LINE 7 MANAGEMENT PLANS TO ADOPT WRITTEN POLICIES AND PROCEDURES FOR ENSURING POST-ISSUANCE COMPLIANCE OF TAX-EXEMPT BOND LIABILITIES DURING FISCAL YEAR 2014. SCHEDULE K, PART V IN FY2014, MANAGEMENT PLANS TO ESTABLISH WRITTEN PROCEDURES FOR ENSURING THAT VIOLATIONS TO FEDERAL TAX REQUIREMENTS ARE TIMELY IDENTIFIED AND CORRECTED THROUGH THE VOLUNTARY CLOSING AGREEMENT PROGRAM IN CASES WHERE SELF-REMEDIATION IS NOT AVAILABLE UNDER APPLICABLE REGULATIONS. NORTHWESTERN UNIVERSITY FEINBERG SCHOOL 420 EAST SUPERIOR STREET CHICAGO IL 60611 362167817 EDUCATION IL 501(C)(3) 2 NA false NORTHWESTERN FDN FOR RESEARCH &EDUCATION 680 NORTH LAKE SHORE DRIVE CHICAGO IL 60611 364093385 SUPPORT ORG IL 501(C)(3) 11,TYPE I NMFF true NORTHWESTERNROSIN EYECARE LLC 6233 CERMAK RD BERWYN IL 60402 362028676 EYEWEAR SALES IL NA RELATED 18788 133239 false true 0.70000 true true true false false false false false true true true true false true true true false false NORTHWESTERNROSIN EYECARE LLC A(IV) 65000 CASH NORTHWESTERN FDN FOR RESEARCH & EDUCATION B 7700000 CASH Northwestern University as related organization SCHEDULE R NORTHWESTERN UNIVERSITY IS INCLUDED AS A "RELATED ORGANIZATION" BECAUSE UNDER THE CURRENT BYLAWS OF NORTHWESTERN MEDICAL FACULTY FOUNDATION, THE FOUNDATION'S CLINICAL DEPARTMENT CHAIRMEN COMPRISE A MAJORITY OF THE MEMBERS OF THE FOUNDATION'S BOARD OF DIRECTORS. THESE INDIVIDUALS ARE ALSO EMPLOYED AS CHAIRMEN OF THE CORRESPONDING ACADEMIC DEPARTMENTS WITHIN THE FEINBERG SCHOOL OF MEDICINE OF NORTHWESTERN UNIVERSITY (FSM). HOWEVER, THE TWO ORGANIZATIONS DO NOT STAND IN THE ROLES OF PARENT AND SUBSIDIARY. THEY ARE SEPARATE LEGAL ENTITIES, AND NORTHWESTERN MEDICAL FACULTY FOUNDATION IS NOT SUBJECT TO CONTROL BY NORTHWESTERN UNIVERSITY OR VICE-VERSA.