Health Industry Business
- Assets
- $17.7m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 3
- Location
- Phoenix, AZ
- Founding
- 03/1985
- Data as of
- 12/2021
- EIN
- 36-3313052
Organization Overview
Health Industry Business is located in Phoenix, AZ. The organization was established in 1985. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Health Industry Business employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Health Industry Business is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Health Industry Business generated $3.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 3.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
HIBCC IS ACCREDITED BY THE AMERICAN NATIONAL STANDARDS INSTITUTE (ANSI) AND RECOGNIZED BY THE INTERNATIONAL STANDARDS ORGANIZATION (ISO) AND IN THIS CAPACITY HAS CREATED AND MAINTAINS BAR CODE AND AUTOMATIC IDENTIFICATION STANDARDS THAT HAVE BEEN ADOPTED BY MEDICAL DEVICE MANUFACTURERS, DISTRIBUTORS, AND HEALTH CARE PROVIDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIBCC MAINTAINS A STANDARDIZED METHOD OF IDENTIFYING HEALTH CARE PROVIDER LOCATIONS BY ASSIGNING A UNIQUE UNIVERSAL CROSS REFERENCE NUMBER FOR EACH. BY DOING SO, HEALTH CARE SUPPLY CHAIN TRADING PARTNERS CAN STREAMLINE ELECTRONIC COMMUNICATION AND ADMINISTRATION TO REDUCE COSTS AND INCREASE ADMINISTRATIVE EFFICIENCY. HIBCC PROVIDES A REGISTRY AND REGISTRATION PROCESS USED BY HEALTH CARE DEVICE MANUFACTURERS AND DISTRIBUTORS TO UNIQUELY IDENTIFY THEMSELVES WHEN ADOPTING THE HIBCC STANDARD ON THEIR PACKAGE LABELING. IN THIS CAPACITY HIBCC HAS BEEN DESIGNATED BY THE US FOOD AND DRUG ADMINISTRATION (FDA) AS AN ISSUING AGENCY FOR FDA REGULATORY PURPOSES TO ENHANCE PRODUCT TRACKING AND RECALL PROCESSES.
HIBCC PROVIDES GUIDANCE AND TECHNICAL SUPPORT TO HEALTH CARE SUPPLY CHAIN TRADING PARTNERS VIA ITS PUBLICATIONS, SEMINARS, AND WEBSITE IN THE USE OF STANDARDS TO FACILITATE ELECTRONIC COMMERCE AND ELECTRONIC DATA INTERCHANGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Hankin CEO | Officer | 40 | $318,177 |
Kirk Kikirekov Chair | OfficerTrustee | 1 | $0 |
Greg Stivers Past Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,213,551 |
| Investment income | $236,148 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,199,699 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $363,650 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $223,165 |
| Pension plan accruals and contributions | $17,370 |
| Other employee benefits | $67,425 |
| Payroll taxes | $201,373 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $128,197 |
| Fees for services: Accounting | $9,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $30,333 |
| Information technology | $34,657 |
| Royalties | $0 |
| Occupancy | $71,715 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,291 |
| Insurance | $24,727 |
| All other expenses | $1,450 |
| Total functional expenses | $1,190,928 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $624,441 |
| Savings and temporary cash investments | $923,908 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $296,252 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $27,552 |
| Net Land, buildings, and equipment | $36,420 |
| Investments—publicly traded securities | $15,786,242 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,000 |
| Total assets | $17,700,815 |
| Accounts payable and accrued expenses | $13,882 |
| Grants payable | $0 |
| Deferred revenue | $509,327 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $523,209 |
| Net assets without donor restrictions | $17,177,606 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $17,700,815 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For The Collaborative Classroom Alameda, CA | $27,743,663 | $25,227,880 |
Rest Of World Media Inc Menlo Park, CA | $7,722,872 | $6,954,014 |
Academy Of Television Arts & Sciences Foundation North Hollywood, CA | $41,276,361 | $3,404,719 |
Cityside Journalism Initiative Berkeley, CA | $1,452,372 | $3,671,033 |
China Digital Times Inc Berkeley, CA | $583,424 | $3,143,749 |
Independent Arts & Media San Francisco, CA | $1,765,650 | $3,883,542 |
Center For Asian American Media San Francisco, CA | $7,019,296 | $6,137,998 |
Pangea Foundation San Diego, CA | $78,972 | $2,732,387 |
Words Of Peace International Westlake Village, CA | $2,861,507 | $4,186,143 |
The Social Justice Foundation Thousand Oaks, CA | $195,044 | $2,658,674 |
Indij Public Media Phoenix, AZ | $636,759 | $2,879,703 |
Voice Of San Diego San Diego, CA | $1,138,321 | $2,340,413 |