2025-01-15T12:30:53-06:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 600 3RD AVENUE SE SUITE 300 CEDAR RAPIDS IA 52401 990 2023-07-01 352576257 MEDQUARTER INC MEDQ 3193985317 501 1ST STREET SE CEDAR RAPIDS IA 52401 CASEY GREENE SECRETARY 3193985317 2025-01-14 1 0 DAVID LITTLE P01480921 3193632697 2025-01-14 2023 2024-10-15 13:58:12Z PHILIP WASTA 501 1ST STREET SE CEDAR RAPIDS IA 52401 266061 0 X THEMEDQ.COM X 2016 IA TO PROMOTE A MEDICAL COMMUNITY THAT IMPROVES QUALITY OF LIFE & ADVOCATES FOR NEW BUSINESS & JOBS 2 2 0 10 0 0 202000 212000 0 0 20969 31371 0 0 222969 243371 0 0 0 0 0 0 0 0 0 53020 345299 53020 345299 169949 -101928 1053622 972593 0 16566 1053622 956027 THE MEDQUARTER (SHORT FOR MEDQUARTER REGIONAL MEDICAL DISTRICT) IS A REVITALIZATION PARTNERSHIP COMMITTED TO PROMOTING A DYNAMIC URBAN MEDICAL COMMUNITY TO IMPROVE QUALITY OF LIFE AND ADVOCATE FOR NEW BUSINESSES AND JOBS IN A DEFINED MEDICAL DISTRICT. 0 0 MEDICAL COMMUNITY- THE MEDQUARTER FAITH & MEDICINE TASK FORCE CONTINUED ITS FOCUS ON COMMUNITY MENTAL HEALTH THROUGH TWO INITIATIVES: 1) ONGOING UPDATES TO AND PROMOTION OF THE LOCAL MENTAL HEALTH SERVICE RESOURCES AVAILABLE ON THE GETHELPNOWCR.COM WEBSITE LANDING PAGE AS WELL AS PRINTED MATERIALS TO BE HANDED OUT THROUGHOUT THE MEDQUARTER AND COMMUNITY. 2) PARTNERED WITH KIRKWOOD COMMUNITY COLLEGE AGAIN IN PLANNING AND EXECUTING THE 3RD ANNUAL MENTAL HEALTH SUMMIT ON MAY 23 TARGETED AT MENTAL HEALTH SERVICE PROVIDERS AND HEALTH CARE WORKERS. BUSINESS COMMUNITY - THE MEDQUARTER CONTINUED ITS DISTRICT IMPROVEMENT EFFORTS BY COMPLETING PRIORITY #9 OF THE MASTER PARKWAY IMPROVEMENT PLAN THROUGH INFRASTRUCTURE IMPROVEMENTS TO BOTH SIDES OF 10TH ST NE FROM 1ST AVENUE TO A AVENUE NE WHICH INCLUDED NEW LIGHT POLES/LIGHTS, TREES, DECORATIVE PAVERS, LANDSCAPING, BENCHES, AND WASTE RECEPTACLES. 44 SELF-WATERING DECORATIVE PLANTERS WITH FLOWERS, GRASSES AND PLANTS WERE PLACED THROUGHOUT THE DISTRICT FOR THE GROWING SEASON. HOLIDAY LIGHTING WAS INSTALLED ON 85 TREES THROUGHOUT THE DISTRICT AS WELL AS A LARGE HOLIDAY DISPLAY ALONG 1ST AVENUE FOR THE 2023/2024 HOLIDAY SEASON. 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 0 0 0 0 0 1 1 0 0 0 X 2 2 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 0 0 0 0 0 X DEB GULICK 8778295500 501 1ST STREET SE CEDAR RAPIDS IA 52401 CASEY GREENE SECRETARY 1.00 X X 0 0 0 TIM QUINN TREASURER 1.00 X X 0 0 0 PHILIP WASTA PRESIDENT 4.00 X 11941 0 1931 11941 0 1931 0 0 0 0 0 212000 212000 31193 31193 22868 22690 178 178 178 243371 0 0 31371 X 78 2258 512 73037 182 408 PARKWAY IMPROVEMENTS 196282 HOLIDAY DECOR/EVENTS 49908 MAINTENANCE & BEAUTIFCA 19059 SPONSORSHIPS AND EVENTS 2615 960 345299 182417 16527 963 50000 0 2000 280004 280004 280004 590238 624062 1053622 972593 0 16566 0 16566 X 0 0 0 0 1053622 956027 1053622 956027 1053622 972593 -101928 4333 0 X 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 280004 280004 280004 X X 0 0 0 PART I, LINE 3 SEE THE NARRATIVE ON SCHEDULE O, THAT IS REFERENCED BACK TO FORM 990, PART VI, SECTION B, LINE 15A FOR AN EXPLANATION OF THE COMPENSATION REVIEW PROCESS CONDUCTED BY THE SSMID. FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OF DIRECTORS, DESIGNATED AN EXECUTIVE COMMITTEE, WHICH SHALL CONSIST OF THE OFFICERS OF THE BOARD OF DIRECTORS, SHALL HAVE AND EXERCISE THE AUTHORITY OF THE BOARD OF DIRECTORS IN THE GOVERNANCE OF THE CORPORATION, EXCEPT THAT THE COMMITTEE SHALL NOT HAVE THE AUTHORITY TO: 1. AMEND, ALTER OR REPEAL THE BYLAWS 2. AMEND THE ARTICLES OF INCORPORATION 3. ADOPT A PLAN OF MERGER OR CONSOLIDATION WITH ANOTHER CORPORATION OR ASSOCIATION 4. RECOMMEND TO THE DIRECTORS OR MEMBERS THE SALE, LEASE, EXCHANGE OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE PROPERTY AND ASSETS OF THE ORGANIZATION 5. RECOMMENDING TO THE DIRECTORS OR MEMBERS THE VOLUNTARY DISSOLUTION OF THE ORGANIZATION OR A REVOCATION THEREOF 6. ADOPT A PLAN FOR THE DISTRIBUTION OF THE ASSETS OF THE ORGANIZATION 7. AMEND, ALTER OR REPEAL ANY RESOLUTION OF THE BOARD OF DIRECTORS FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION'S PRESIDENT, PHILIP WASTA, IS AN EMPLOYEE OF THE CEDAR RAPIDS METRO ECONOMIC ALLIANCE (EA), AN UNRELATED IRC SEC. 501(C)(6) ENTITY. THE ORGANIZATION DOES NOT PAY THE PRESIDENT OR THE EA FOR THE TIME THE PRESIDENT SPENDS WORKING ON MEDQUARTER RESPONSIBILITIES. APPROXIMATELY 10% OF THE PRESIDENT'S OVERALL TIME IS SPENT ON MEDQUARTER RESPONSIBILITIES INCLUDING BUT NOT LIMITED TO PLANNING AND EXECUTING BUDGETS AND FINANCIAL OPERATIONS. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS ONE CLASS OF MEMBER, REFERRED TO AS THE INITIAL MEMBERS IN THE GOVERNING DOCUMENTS. THE INITIAL MEMBERS ARE ST. LUKE'S METHODIST HOSPITAL (ST. LUKE'S) AND MERCY MEDICAL CENTER, CEDAR RAPIDS (MERCY). ST. LUKE'S AND MERCY ARE BOTH IRC SEC. 501(C)(3) PUBLIC CHARITIES. FORM 990, PART VI, SECTION A, LINE 7A ST. LUKE'S AND MERCY ARE EACH ENTITLED TO APPOINT ONE VOTING BOARD MEMBER. ST. LUKE'S AND MERCY ARE ALSO JOINTLY RESPONSIBLE FOR APPOINTING ADDITIONAL VOTING BOARD MEMBERS AS THEY DEEM NECESSARY. NO SINGLE MEMBER HAS THE AUTHORITY TO ELECT, APPOINT OR APPROVE A MAJORITY OF THE VOTING BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING ACTIONS REQUIRE APPROVAL FROM ST. LUKE'S AND MERCY: 1. DETERMINATION OF THE EXACT NUMBER OF BOARD MEMBERS 2. ADDITION OF ANY MEMBER 3. MERGER 4. SALE OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF THE ORGANIZATION 5. DISSOLUTION 6. AMENDMENT OR REPEAL OF THE BYLAWS IF EITHER INITIAL MEMBER RESIGNS, WITHDRAWALS OR IS OTHERWISE REMOVED THIS SHALL CAUSE A MANDATORY DISSOLUTION OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. A COMPLETE DRAFT IS PROVIDED TO ALL BOARD MEMBERS FOR REVIEW PRIOR TO FILING. IF APPLICABLE ANY QUESTIONS, RESPONSES OR CHANGES WILL BE COMMUNICATED TO ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY APPLIES TO THE MEMBERS AND THE BOARD OF DIRECTORS OF THE ORGANIZATION. A CONFLICT OF INTEREST TRANSACTION IS REPORTED TO THE MEMBERS OR TO THE BOARD, IF IT ARISES, IN ORDER TO DETERMINE WHETHER A POTENTIAL CONFLICT IS AN ACTUAL CONFLICT. THE MEMBERS OR BOARD ALSO HAVE THE AUTHORITY TO APPROVE OR REJECT THE CONFLICTED TRANSACTION VIA A MAJORITY VOTE AS OUTLINED IN THE BYLAWS; IN ORDER TO APPROVE IT IS REQUIRED THAT A DETERMINATION BE MADE THAT THE TRANSACTION WOULD BE FAIR TO THE ORGANIZATION. ANY VOTE CAST BY A MEMBER OR BOARD DIRECTOR IN CONFLICT IS CONSIDERED INVALID FOR PURPOSES OF THIS VOTE. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT RECEIVES COMPENSATION FROM EA, AN UNRELATED IRC SEC. 501(C)(6) ORGANIZATION, FOR SERVICES RENDERED TO MEDQUARTER. THE EA RELIES ON THE CEDAR RAPIDS MEDICAL SELF-SUSTAINING MUNICIPAL IMPROVEMENT DISTRICT (SSMID) TO REVIEW THE PRESIDENT'S COMPENSATION. THE SSMID'S COMPENSATION REVIEW PROCESS CONSISTS OF INDEPENDENT INDIVIDUALS USING RELEVANT COMPARABILITY DATA TO DETERMINE REASONABLE COMPENSATION. THE SSMID USES WRITTEN EMPLOYEE CONTRACTS. THE PROCESS AND FINAL DETERMINATIONS ARE DOCUMENTED BY THE SSMID IN THEIR EMPLOYEE FILES. THIS PROCESS WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE THEIR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC. FORM 990, PART IX, LINE 11G ARCHITECTURAL & DESIGN FEES 73,037.