Northern Indiana Education Foundation Inc
- Assets
- $14.1m
- Revenue
- $940.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Michigan City, IN
- Founding
- 06/1968
- Data as of
- 12/2022
- EIN
- 35-1139829
Organization Overview
Northern Indiana Education Foundation Inc is located in Michigan City, IN. The organization was established in 1968. According to its NTEE Classification (H99) the organization is classified as: Medical Research N.E.C., under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northern Indiana Education Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Northern Indiana Education Foundation Inc generated $940.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (11.8%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.6%) per year over the past 5 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MEDICAL EDUCATION, MEDICAL LIBRARY SERVICES, AND PROMOTING HEALTH IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NORTHERN INDIANA EDUCATION FOUNDATION, INC. (NIEF) PROMOTES AND SUPPORTS EDUCATION IN NORTHERN INDIANA, WITH A SPECIFIC EMPHASIS ON MEDICALLY RELATED ACTIVITIES. NIEF RAISES FUNDS, MAINTAINS A MEDICAL LIBRARY, CONDUCTS EDUCATIONAL PROGRAMS, PROVIDES ADMINISTRATIVE SUPPORT AND FUNDS VARIOUS CONTRACTUAL RELATIONSHIPS FOR LAKESHORE MEDICAL TRAINING PROGRAMS, INC.EXEMPT PURPOSE ACHIEVEMENTS:THE FOUNDATION PROVIDES CONTINUING EDUCATION PROGRAMS ACCREDITED BY THE INDIANA STATE MEDICAL ASSOCIATION AND THE IACET, FOR PHYSICIANS, NURSES AND OTHER HEALTHCARE PROFESSIONALS. THE FOUNDATION'S ADMINISTRATIVE STAFF MAINTAINS CME AND CEU RECORDS FOR ALL ATTENDEES. DURING 2022, NIEF SPONSORED 433.5 CME HOURS OF CONTINUING MEDICAL EDUCATION FOR PHYSICIANS AND OTHER HEALTHCARE PROFESSIONALS. NIEF MAINTAINED CME RECORDS FOR 1,1769 PHYSICIAN ATTENDEES AND 2,370 NON-PHYSICIANS.THE FOUNDATION FUNDED PROGRAMS AND PROVIDED TEACHERS AND ADMINISTRATIVE STAFF TO TRAIN NURSING AIDS THROUGH THE LAKESHORE MEDICAL TRAINING PROGRAMS. NATIONAL ACCREDITATION IS MAINTAINED FOR THESE PROGRAMS. NIEF CURRENTLY HAS 20 NURING ASSISTANT STUDENTS. THE FOUNDATION MAINTAINS A COMPREHENSIVE MEDICAL LIBRARY SERVICE, STAFFED BY A FULL TIME MEDICAL LIBRARIAN, TO MEET THE RESEARCH NEEDS OF THE STUDENTS AND OTHER HEALTHCARE PROFESSIONALS. DURING 2022, THE MEDICAL LIBRARIAN PROVIDED RESEARCH MATERIALS, ARTICLES AND BOOK LOANS ON 543 OCCASIONS.THE FOUNDATION'S FACILITIES PROVIDED SPACE FOR MEETINGS AND OTHER MEDICAL EDUCATIONAL FUNCTIONS.
NORTHERN INDIANA EDUCATION FOUNDATION, INC. (NIEF) PROMOTES AND SUPPORTS EDUCATION IN NORTHERN INDIANA, WITH A SPECIFIC EMPHASIS ON MEDICALLY RELATED ACTIVITIES. NIEF RAISES FUNDS, MAINTAINS A MEDICAL LIBRARY, CONDUCTS EDUCATIONAL PROGRAMS, PROVIDES ADMINISTRATIVE SUPPORT AND FUNDS VARIOUS CONTRACTUAL RELATIONSHIPS FOR LAKESHORE MEDICAL TRAINING PROGRAMS, INC.EXEMPT PURPOSE ACHIEVEMENTS:THE FOUNDATION PROVIDES CONTINUING EDUCATION PROGRAMS ACCREDITED BY THE INDIANA STATE MEDICAL ASSOCIATION AND THE IACET, FOR PHYSICIANS, NURSES AND OTHER HEALTHCARE PROFESSIONALS. THE FOUNDATION'S ADMINISTRATIVE STAFF MAINTAINS CME AND CEU RECORDS FOR ALL ATTENDEES. DURING 2022, NIEF SPONSORED 433.5 CME HOURS OF CONTINUING MEDICAL EDUCATION FOR PHYSICIANS AND OTHER HEALTHCARE PROFESSIONALS. NIEF MAINTAINED CME RECORDS FOR 1,1769 PHYSICIAN ATTENDEES AND 2,370 NON-PHYSICIANS.THE FOUNDATION FUNDED PROGRAMS AND PROVIDED TEACHERS AND ADMINISTRATIVE STAFF TO TRAIN NURSING AIDS THROUGH THE LAKESHORE MEDICAL TRAINING PROGRAMS. NATIONAL ACCREDITATION IS MAINTAINED FOR THESE PROGRAMS. NIEF CURRENTLY HAS 20 NURING ASSISTANT STUDENTS. THE FOUNDATION MAINTAINS A COMPREHENSIVE MEDICAL LIBRARY SERVICE, STAFFED BY A FULL TIME MEDICAL LIBRARIAN, TO MEET THE RESEARCH NEEDS OF THE STUDENTS AND OTHER HEALTHCARE PROFESSIONALS. DURING 2022, THE MEDICAL LIBRARIAN PROVIDED RESEARCH MATERIALS, ARTICLES AND BOOK LOANS ON 543 OCCASIONS.THE FOUNDATION'S FACILITIES PROVIDED SPACE FOR MEETINGS AND OTHER MEDICAL EDUCATIONAL FUNCTIONS.
THE PROPERTY IS TO BE USED BY THE FRANCISCAN ALLIANCE, INC FORMERLY REFERRED TO AS SISTERS OF ST. FRANCIS HEALTH SERVICES, INC. (SSFHS) [A 501(C)(3)] TO PROVIDE MEDICAL CARE TO THE LAPORTE COUNTY, INDIANA POPULATION. DUE TO DEMOGRAPHICS OF THE POPULATION SURROUNDING THE PROPERTY, SIGNIFICANT MEDICAL CARE IS PROVIDED TO LAPORTE COUNTY RESIDENTS AT A DISCOUNT OR NO CHARGE TO THOSE ELIGIBLE RESIDENTS. FURTHERMORE, THE PROPERTY IS PREDOMINATELY USED BY FRANCISCAN ALLIANCE, INC. TO SUPPORT ITS CHARITABLE PURPOSES INCLUDING BEING REASONABLE AND NECESSARY TO THE CHARITABLE PURPOSES BY PROVIDING A LOCATION FOR PHYSICIANS TO PROVIDE MEDICAL CARE TO THE LAPORTE COUNTY POPULATION, INCLUDING THE INDIGENT POPULATION.
THE PROPERTY IS TO BE USED BY THE FRANCISCAN ALLIANCE, INC FORMERLY REFERRED TO AS SISTERS OF ST. FRANCIS HEALTH SERVICES, INC. (SSFHS) [A 501(C)(3)] TO PROVIDE MEDICAL CARE TO THE LAPORTE COUNTY, INDIANA POPULATION. DUE TO DEMOGRAPHICS OF THE POPULATION SURROUNDING THE PROPERTY, SIGNIFICANT MEDICAL CARE IS PROVIDED TO LAPORTE COUNTY RESIDENTS AT A DISCOUNT OR NO CHARGE TO THOSE ELIGIBLE RESIDENTS. FURTHERMORE, THE PROPERTY IS PREDOMINATELY USED BY FRANCISCAN ALLIANCE, INC. TO SUPPORT ITS CHARITABLE PURPOSES INCLUDING BEING REASONABLE AND NECESSARY TO THE CHARITABLE PURPOSES BY PROVIDING A LOCATION FOR PHYSICIANS TO PROVIDE MEDICAL CARE TO THE LAPORTE COUNTY POPULATION, INCLUDING THE INDIGENT POPULATION.
NORTHERN INDIANA EDUCATION FOUNDATION, INC. ACQUIRED A BUILDING AND ENTERED INTO A LEASE AGREEMENT WITH HEALTHLINC, INC., A NON-PROFIT ORGAINZATION 501(C)(3), FOR HEALTHLINC TO USE THE FACILITY FOR PHYSICANS TO PROVIDE MEDICAL CARE FOR THE UNINSURED AND UNDERINSURED LOCAL POPULATION. HEALTHLINC, INC. IS ORGANIZED FOR THE PURPOSE OF PROVIDING PRIMARY MEDICAL, DENTAL, AND MENTAL HEALTH SERVICES TO THE UNDERSERVED OF NORTHWEST INDIANA. HEALTHLINC, INC. IS ALSO WORKING WITH LOCAL CARE PROVIDERS TO ACCOMPLISH ITS PURPOSE.THE FOUNDATION DOES NOT SEEK TO MAKE A PROFIT UNDER THE SUBJECT LEASE AGREEMENT. THE FOUNDATION PROVIDES, AT NO CHARGE, OFFICE SPACE TO OPEN DOOR COMMUNITY ALLIANCE A 501(C)(3). THE OPEN DOOR PROVIDES MEDICAL ASSISTANCE TO THE UNINSURED FOR MEDICAL SERVICES AND PRESCRIPTION MEDICATIONS.
NORTHERN INDIANA EDUCATION FOUNDATION, INC. ACQUIRED A BUILDING AND ENTERED INTO A LEASE AGREEMENT WITH HEALTHLINC, INC., A NON-PROFIT ORGAINZATION 501(C)(3), FOR HEALTHLINC TO USE THE FACILITY FOR PHYSICANS TO PROVIDE MEDICAL CARE FOR THE UNINSURED AND UNDERINSURED LOCAL POPULATION. HEALTHLINC, INC. IS ORGANIZED FOR THE PURPOSE OF PROVIDING PRIMARY MEDICAL, DENTAL, AND MENTAL HEALTH SERVICES TO THE UNDERSERVED OF NORTHWEST INDIANA. HEALTHLINC, INC. IS ALSO WORKING WITH LOCAL CARE PROVIDERS TO ACCOMPLISH ITS PURPOSE.THE FOUNDATION DOES NOT SEEK TO MAKE A PROFIT UNDER THE SUBJECT LEASE AGREEMENT. THE FOUNDATION PROVIDES, AT NO CHARGE, OFFICE SPACE TO OPEN DOOR COMMUNITY ALLIANCE A 501(C)(3). THE OPEN DOOR PROVIDES MEDICAL ASSISTANCE TO THE UNINSURED FOR MEDICAL SERVICES AND PRESCRIPTION MEDICATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig V Braje President | OfficerTrustee | 2 | $6,000 |
Tom Hathoot Secretary/treasurer | OfficerTrustee | 4 | $6,000 |
William Jagger Director | Trustee | 2 | $4,400 |
James T Callaghan Director | Trustee | 2 | $4,000 |
Robert B Mcbride MD Director | Trustee | 2 | $4,800 |
Dale L Brown Vice President | OfficerTrustee | 2 | $4,800 |
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 | $356,128 |
| Investment income | $167,161 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $293,198 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $939,992 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $51,199 |
| 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. | $160,505 |
| Compensation of current officers, directors, key employees. | $42,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $128,186 |
| Pension plan accruals and contributions | $10,631 |
| Other employee benefits | $1,362 |
| Payroll taxes | $16,246 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $83,061 |
| Advertising and promotion | $0 |
| Office expenses | $4,957 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $145,948 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,565 |
| Interest | $118,713 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $309,434 |
| Insurance | $47,311 |
| All other expenses | $3,625 |
| Total functional expenses | $1,137,613 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $400 |
| Savings and temporary cash investments | $702,393 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $40,797 |
| 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 | $28,290 |
| Net Land, buildings, and equipment | $5,384,242 |
| Investments—publicly traded securities | $7,899,019 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,055,141 |
| Accounts payable and accrued expenses | $84,018 |
| 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 | $1,101,126 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $382,004 |
| Total liabilities | $1,567,148 |
| Net assets without donor restrictions | $12,487,993 |
| 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 | $14,055,141 |