Nevada Health And Bioscience Asset Corporation
- Assets
- $118.9m
- Revenue
- $78.5m
- Investments
- $0.0
- Employees
- 1
- Location
- Las Vegas, NV
- Founding
- Data as of
- 12/2021
- EIN
- 84-3753195
Organization Overview
Nevada Health And Bioscience Asset Corporation is located in Las Vegas, NV. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nevada Health And Bioscience Asset Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ESTABLISHED FOR HEALTHCARE RESEARCH, EDUCATION AND CLINICAL PROGRAMMING, AND ASSET DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEVADA HEALTH AND BIOSCIENCE ASSET CORPORATION (NHBAC) WAS INCORPORATED ON MAY 30, 2019 AND SUBMITTED THEIR APPLICATION FOR EXEMPT STATUS WHICH WAS APPROVED BY THE IRS EFFECTIVE ON THE DATE OF INCORPORATION. THE KIRK KERKORIAN MEDICAL EDUCATION BUILDING AT UNLV BROKE GROUND ON OCTOBER 29TH, 2019. IT IS ON TRACK FOR COMPLETION IN OCTOBER OF 2022, WELL AHEAD OF THE NSHE UNLV/NHBC DEVELOPMENT AGREEMENT COMPLETION DATE OF 2025.(CONTINUED ON SCHEDULE O)THE 135,000 SQ. FT., 5 STORY BUILDING WILL HOUSE THE EDUCATION COMPONENT FOR THE KIRK KERKORIAN SCHOOL OF MEDICINE AT UNLV, A REQUIRED ELEMENT FOR THE SCHOOL'S FULL ACCREDITATION. THIS WILL ALSO ALLOW THE SCHOOL TO INCREASE ITS CURRENT 60 STUDENTS PER CLASS TO UPWARDS OF UP TO 120 STUDENTS PER CLASS. THE BUILDING WILL CONTAIN STATE-OF-THE-ART EDUCATION SPACE, SIMULATION CENTER FACILITIES, DIGITAL MEDICAL LIBRARY, A PREMIER BEAUTIFUL FORUM FOR LARGE STUDENT AND COMMUNITY EVENTS AND MORE, EXEMPLIFYING THE MOST CURRENT ATTRIBUTES IN MEDICAL EDUCATION LEARNING TODAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maureen Schafer Ceo/president | OfficerTrustee | 40 | $260,000 |
Lindy Schumacher Treasurer | OfficerTrustee | 0.5 | $0 |
Kris Engelstad Mcgarry Secretary | OfficerTrustee | 0.5 | $0 |
Marykaye Cashman Director | Trustee | 0.1 | $0 |
Nick Santoro Director | Trustee | 0.1 | $0 |
Andrew Artusa Director | Trustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mj Dean Construction Inc Construction | 12/30/21 | $47,342,286 |
Tsk Architects Architecture | 12/30/21 | $2,647,077 |
Nevada Ready Mix Construction | 12/30/21 | $1,699,607 |
Harris Rebar Las Vegas Inc Construction | 12/30/21 | $1,525,993 |
Henricksen Butler Construction | 12/30/21 | $1,528,304 |
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 | $78,445,195 |
| Noncash contributions included in lines 1a–1f | $195,195 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $78,445,195 |
| Total Program Service Revenue | $0 |
| Investment income | $14,689 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,693 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $78,465,577 |
| 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. | $260,000 |
| Compensation of current officers, directors, key employees. | $104,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,624 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $76,870 |
| Fees for services: Accounting | $90,935 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,500 |
| Advertising and promotion | $145,726 |
| Office expenses | $16,471 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,210 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $280,940 |
| All other expenses | $0 |
| Total functional expenses | $944,776 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,269,094 |
| Savings and temporary cash investments | $20,215,427 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $163,448 |
| 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 | $85,819 |
| Net Land, buildings, and equipment | $83,187,543 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $118,921,331 |
| Accounts payable and accrued expenses | $455,563 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $2,172,105 |
| Total liabilities | $2,627,668 |
| Net assets without donor restrictions | $116,293,663 |
| 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 | $118,921,331 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Nevada Health And Bioscience Asset Corporation has recieved totaling $250,000.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
U C San Diego Foundation La Jolla, CA | $1,658,962,820 | $199,905,173 |
California State University Fresno Foundation Fresno, CA | $305,581,286 | $82,049,002 |
University Corporation At Monterey Bay Seaside, CA | $199,917,843 | $49,155,763 |
San Jose State University Research Foundation San Jose, CA | $57,091,451 | $53,661,013 |
University Of Nevada-Reno Foundation Reno, NV | $310,760,494 | $35,673,494 |
The U C Davis Foundation Davis, CA | $716,342,130 | $110,976,640 |
Southwestern Law School Los Angeles, CA | $126,801,745 | $54,692,632 |
Associated Students Ucla Los Angeles, CA | $54,580,827 | $39,327,069 |
Csu Fullerton Auxiliary Services Corporation Fullerton, CA | $104,352,109 | $45,637,535 |
New Schools Fund Oakland, CA | $55,397,321 | $41,218,694 |
Chico State Enterprises Chico, CA | $47,170,077 | $46,861,327 |
Ilead California Charters 1 Acton, CA | $20,389,401 | $46,593,851 |