Nebraska Medical Foundation Inc
- Assets
- $2.5m
- Revenue
- $1.3m
- Investments
- $1.6m
- Employees
- 0
- Location
- Lincoln, NE
- Founding
- 03/1962
- Data as of
- 01/2022
- EIN
- 47-6036827
Organization Overview
Nebraska Medical Foundation Inc is located in Lincoln, NE. The organization was established in 1962. According to its NTEE Classification (G92) the organization is classified as: Biomedicine & Bioengineering, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nebraska Medical 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 01/2022, Nebraska Medical Foundation Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 40.4% each year . All expenses for the organization totaled $867.0k during the year ending 01/2022. While expenses have increased by 39.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE MEDICAL TECHNOLOGY AND EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED REGARDING ADMINISTERING CONTRIBUTIONS MADE FOR THE PURPOSE OF ADVANCING MEDICAL TECHNOLOGY AND EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chuck Gregorius MD Chair | OfficerTrustee | 1 | $0 |
Amy Reynoldson President | Officer | 1 | $0 |
Ed Discoe MD Director | Trustee | 1 | $0 |
Sarah Cada MD Director | Trustee | 1 | $0 |
Dave Watts MD Director | Trustee | 1 | $0 |
Mike Zaruba MD Director | Trustee | 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 | $965,035 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $965,035 |
| Total Program Service Revenue | $0 |
| Investment income | $28,180 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $313,502 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,306,717 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $122,171 |
| Grants and other assistance to domestic individuals. | $38,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $22,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,483 |
| Fees for services: Other | $85 |
| Advertising and promotion | $0 |
| Office expenses | $417 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $867,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $914,489 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,990 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,559,406 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,493,885 |
| Accounts payable and accrued expenses | $5,625 |
| 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 | $619,346 |
| Total liabilities | $624,971 |
| Net assets without donor restrictions | $1,209,475 |
| Net assets with donor restrictions | $659,439 |
| 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 | $2,493,885 |
Grants Awarded
Over the last fiscal year, Nebraska Medical Foundation Inc has awarded $54,908 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
OFFICE OF THE CAPITOL COMMISSION PURPOSE: Mother's Room 2104 | $29,908 |
Lincoln, NE PURPOSE: Improve health care for all Nebraska monthers and newborns. | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Nebraska Medical Foundation Inc has recieved totaling $152,000.
| Awarding Organization | Amount |
|---|---|
The Physicians Foundation Inc Austin, TX PURPOSE: TO SUPPORT A PHYSICIAN LEADERSHIP PROGRAM | $150,000 |
Growing Good Foundation Omaha, NE PURPOSE: PROVIDE SUPPORT FOR MEDICAL STUDENT SCHOLARSHIPS AND THE PROMOTION OF WELLNESS IN THE STATE OF NEBRASKA. | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Against Malaria Foundation Kansas City, MO | $318 | $95,777,874 |
Benevolent Healthcare Foundation Centennial, CO | $130,477,128 | $61,228,597 |
Muscular Dystrophy Association Chicago, IL | $71,915,435 | $63,707,273 |
Siouxland Regional Cancer Center Sioux City, IA | $22,869,484 | $57,761,612 |
American Board Of Family Medicine Inc Lexington, KY | $185,304,268 | $55,757,459 |
Radiological Society Of North America Inc Oak Brook, IL | $185,391,800 | $68,158,260 |
American Society Of Anesthesiologists Schaumburg, IL | $127,402,745 | $57,130,862 |
Central Indiana Health System Cardiac Services Inc St Louis, MO | $662,903,932 | $148,340,814 |
Vivent Health Inc Milwaukee, WI | $84,987,861 | $66,654,563 |
American Academy Of Orthopedic Surgeons Rosemont, IL | $161,166,072 | $86,943,619 |
Volunteers Of America Inc Eden Prairie, MN | $9,099,953 | $36,157,650 |
Barrow Neurological Foundation Phoenix, AZ | $175,375,850 | $31,938,606 |