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Cleveland Clinic is an American nonprofit academic medical center based in Cleveland, Ohio. [2] Owned and operated by the Cleveland Clinic Foundation, an Ohio nonprofit corporation, Cleveland Clinic was founded in 1921 by a group of faculty and alumni from the Case Western Reserve University School of Medicine.
In a non-profit corporation, the "agency problem" is even more difficult than in the for-profit sector, because the management of a non-profit is not even theoretically subject to removal by the charitable beneficiaries. The board of directors of most charities is self-perpetuating, with new members chosen by vote of the existing members.
The Model Nonprofit Corporation Act (MNCA) is a model act prepared by the Nonprofit Organizations Committee of the Business Law Section of the American Bar Association. [1] The MNCA is a model set of statutes governing nonprofit corporations proposed for adoption by state legislatures.
The X-ray file room after the fire. The Cleveland Clinic is a non-profit Ohio corporation, founded in 1921 by four physicians. On May 15, 1929, which was a Wednesday, the four-story Clinic building on Euclid Avenue was bustling with physicians, nurses, employees and patients, busy with the work of the Clinic's medical-surgical practice.
Anthem and Cleveland Clinic will also expand the use of digital technologies and data connectivity to simplify processes and reduce administrative work for Cleveland Clinic doctors and staff members."
The predecessor of IRC 501(c)(6) was enacted as part of the Revenue Act of 1913 [88] likely due to a U.S. Chamber of Commerce request for an exemption for nonprofit "civic" and "commercial" organizations, which resulted in IRC 501(c)(4) for nonprofit "civic" organizations and IRC 501(c)(6) for nonprofit "commercially-oriented" organizations. [77]
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George Washington Crile, MD, one of the four founders. The Cleveland Clinic had its roots in the Lakeside Unit, [1] [2] an American First World War medical-surgical unit consisting of volunteers from Cleveland's Western Reserve University Lakeside Hospital, (now part of the University Hospitals medical system), organized and led by George W. Crile, MD the hospital's chief of surgery.