2012-12-13T13:14:55-06:00 2012-04-30 050409384 KAHN LITWIN RENZA & CO LTD 800 SOUTH STREET SUITE 300 WALTHAM MA 02453 990 2011-05-01 270373299 INSTITUTE FOR HEALTHCARE OPTIMIZATION INC INST 6174673350 7 WELLS AVENUE NO 24 NEWTON MA 02459 LEWIS B PRENNEY 6174673350 2012-12-11 1 DEBORAH A HOPKINS P00167843 7815478800 2011 2016-02-24 21:20:13Z LEWIS B PRENNEY 7 WELLS AVENUE NO 24 NEWTON MA 02459 1675902 0 X WWW.IHOPTIMIZE.ORG X 2009 MA TO IMPROVE THE HEALTHCARE DELIVERY SYSTEM BY THE APPLICATION OF OPERATIONS MANAGEMENT TECHNIQUES. 2 0 9 0 0 0 0 0 1030347 1675682 297 220 0 0 1030644 1675902 0 0 0 0 867356 1126406 0 0 34914 326102 389024 1193458 1515430 -162814 160472 285191 735544 334428 624309 -49237 111235 X TO IMPROVE THE QUALITY AND REDUCE THE COST OF HEALTHCARE BY (I) ADVANCING THE UNDERSTANDING AND APPLICATION OF OPERATIONS MANAGEMENT ("OM") TO HEALTHCARE DELIVERY THROUGH THEORETICAL AND APPLIED RESEARCH AND THE DEVELOPMENT OF NEW TECHNIQUES AND TOOLS; (II) PROMOTING THE ADOPTION OF OPERATIONAL IMPROVEMENTS TO THE HEALTHCARE DELIVERY SYSTEM THROUGH THE ESTABLISHMENT OF HOSPITAL BASED "RESEARCH LABORATORIES" INTENDED TO ADVANCE THE SCIENCE OF OM AND DEMONSTRATE THE FEASIBILITY AND PRACTICAL BENEFITS OF APPLYING OM IN IMPROVING HEALTHCARE; (III) EDUCATING THOSE INVOLVED IN FURNISHING, ADMINISTERING, AND FINANCING HEALTHCARE ABOUT THE PROBLEMS THAT CAN BE ADDRESSED BY THE APPLICATION OF OM TO HEALTHCARE DELIVERY; AND (IV) DOCUMENTING THE EXPERIENCES AND SUCCESSES OF OM APPLICATION AND DISSEMINATING THIS KNOWLEDGE TO THE GENERAL PUBLIC. 0 0 823266 1675632 RESEARCH AND DEVELOP TOOLS FOR APPLICATION OF OPERATIONS MANAGEMENT TO HEALTHCARE DELIVERY INCLUDING APPLIED RESEARCH UNDER CONTRACTS WITH HOSPITALS. 139182 EDUCATING AND TRAINING HEALTH CARE PERSONNEL ON THEORY AND APPLICATION OF SCIENTIFIC MANAGEMENT METHODOLOGIES. 124125 50 DISSEMINATING KNOWLEDGE ON SUCCESSFUL APPLICATION EFFORTS. 1086573 1 0 0 0 0 0 0 0 0 0 1 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 0 0 0 0 0 1 4 0 9 1 0 0 0 0 0 0 0 0 0 0 X 2 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X LEWIS B PRENNEY SECCOOCFO 6174673350 7 WELLS AVENUE STE 24 NEWTON MA 02459 EUGENE LITVAK 40.00 X X 223673 0 45188 LEWIS B PRENNEY 40.00 X X 183506 0 17217 SANDEEP GREEN VASWANI 40.00 X 179852 0 3910 587031 0 66315 3 0 1 0 0 CONTRACT INCOME 900099 1675682 1675682 1675682 220 220 1675902 1675682 0 220 758009 519459 209329 29221 283278 272722 10556 22383 21410 973 62736 48789 12223 1724 62818 39342 23476 15450 15450 124810 51226 73584 141115 109512 27776 3827 19179 18798 381 5174 4024 1008 142 MISCELLANEOUS 20478 1291 19187 1515430 1086573 393943 34914 15695 185216 163043 348213 87320 160971 11187 16085 34122 9063 7946 25059 285191 735544 45255 79628 7780 237215 281393 307466 334428 624309 X -49237 111235 -49237 111235 285191 735544 160472 0 X 0 1 1 X 0 X 652500 1030347 1675682 3358529 652500 1030347 1675682 3358529 0 0 0 3358529 146 297 220 663 146 297 220 663 652646 1030644 1675902 3359192 X 34122 9063 25059 25059 DEFERRED COMPENSATION 307466 307466 1675902 1515430 160472 160472 1675902 0 1675902 0 1675902 1515430 0 1515430 0 1515430 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ORGANIZATION IS A PUBLIC CHARITY EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT BELIEVES THAT THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH ITS TAX-EXEMPT STATUS AT BOTH THE STATE AND FEDERAL LEVEL. THE ORGANIZATION ANNUALLY FILES IRS FORM 990 - RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, REPORTING VARIOUS INFORMATION THAT THE IRS USES TO MONITOR THE ACTIVITIES OF TAX-EXEMPT ENTITIES. THESE INFORMATIONAL TAX RETURNS ARE SUBJECT TO REVIEW BY TAXING AUTHORITIES GENERALLY FOR THREE YEARS AFTER THEY WERE FILED AND THE FORM 990 FOR THE YEARS 2009, 2010, AND 2011 ARE SUBJECT TO EXAMINATION BY THE IRS. THE ORGANIZATION CURRENTLY HAS NO TAX EXAMINATIONS IN PROGRESS. 0 0 0 0 0 0 0 0 0 EUGENE LITVAK 223673 0 0 0 0 0 14223 0 30965 0 268861 0 0 0 LEWIS B PRENNEY 183506 0 0 0 0 0 11851 0 5366 0 200723 0 0 0 SANDEEP GREEN VASWANI 179852 0 0 0 0 0 0 0 3910 0 183762 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY THE EXTERNAL AUDITORS AND REVIEWED BY MANAGEMENT, WHO CURRENTLY ALSO COMPRISE THE BOARD. REVISIONS, CORRECTIONS, ETC. ARE MADE AS NECESSARY. WHEN ALL ARE SATISFIED WITH THE FORM, IT IS FINALIZED AND SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR THE ORGANIZATION'S CONFLICT OF INTEREST POLICY WILL BE PROVIDED TO ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES. THESE PEOPLE WILL BE ASKED TO REVIEW THE POLICY AND SIGN A STATEMENT INDICATING THAT THEY UNDERSTAND THE POLICY AND HAVE REPORTED ALL POTENTIAL CONFLICTS DURING THE PAST YEAR IN ACCORDANCE WITH THE POLICY AND WILL REPORT ALL POTENTIAL CONFLICTS DURING THE COMING YEAR. ALL POTENTIAL CONFLICTS ARE EVALUATED BY THE BOARD TO DETERMINE IF A CONFLICT ACTUALLY EXISTS. IN THOSE INSTANCES WHERE THE POTENTIAL TRANSACTION IS A CONFLICT, THE BOARD EXAMINES THE TRANSACTION AND A VOTE IS TAKEN (WITH THOSE INVOLVED RECUSING THEMSELVES) AS TO WHETHER THE ORGANIZATION WILL ENTER INTO THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS ESTABLISHED A PROCESS FOR JOB CLASSIFICATIONS ACCORDING TO THE LEVEL OF EDUCATION, KNOWLEDGE, SKILL, RESPONSIBILITY AND DECISION-MAKING REQUIRED FOR EACH POSITION. THE WAGE STRUCTURE REFLECTS THESE CLASSIFICATIONS AND IS INTENDED TO BE COMPETITIVE WITH THAT OF SIMILAR ORGANIZATIONS. OFFICERS' COMPENSATION IS APPROVED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS (ARTICLES OF INCORPORATION AND BY-LAWS), ITS CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. THE ORGANIZATION WILL MAIL COPIES UPON REQUEST OR PROVIDE COPIES TO THOSE WHO COME TO THE ADMINISTRATIVE OFFICES DURING NORMAL BUSINESS HOURS. THE ORGANIZATION CHARGES FOR THE COPIES IN ACCORDANCE WITH IRS REGULATIONS.