Nebraska Hospital Assn Research & Educational Foundation
- Assets
- $2.6m
- Revenue
- $898.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Lincoln, NE
- Founding
- 01/1969
- Data as of
- 12/2022
- EIN
- 47-6058269
Organization Overview
Nebraska Hospital Assn Research & Educational Foundation is located in Lincoln, NE. The organization was established in 1969. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nebraska Hospital Assn Research & Educational Foundation 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, Nebraska Hospital Assn Research & Educational Foundation generated $898.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $779.4k during the year ending 12/2022. While expenses have increased by 1.0% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATIONAL OPPORTUNITIES THAT ENABLE NHA MEMBERS TO BE UP-TO- DATE AND RESPONSIVE TO HEALTH CARE CHALLENGES AND REFORMS. THE FOUNDATION IS COMMITTED TO PROVIDING THE HIGHEST-QUALITY, COST-EFFECTIVE AND READILY ACCESSIBLE HEALTH CARE EDUCATION.
Describe the Organization's Program Activity:
TO FOSTER AND SPONSOR EDUCATIONAL PROGRAMS FOR TRAINING OF HEALTH CARE PERSONNEL, AND TO PROVIDE FINANCIAL AID TO NEBRASKANS NEEDING ASSISTANCE IN THE PURSUIT OF AN EDUCATION IN HEALTH CAREERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ivan Mitchell Chair | Trustee | $0 | |
Ryan Larsen Vice Chair | Trustee | $0 | |
Brett Richmond Secretary | Trustee | $0 | |
Kevin Miller Treasurer | Trustee | $0 | |
Kelly Kalkowski Director | Trustee | $0 | |
Burke Kline Director | Trustee | $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 | $109,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $109,000 |
| Total Program Service Revenue | $702,454 |
| Investment income | $41,737 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $37,573 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $898,018 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $31,950 |
| Grants and other assistance to domestic individuals. | $62,000 |
| 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 | $220,868 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,500 |
| 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 | $5,613 |
| Information technology | $588 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,541 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $435,929 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $779,429 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $493,510 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $42,852 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $278,141 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,386 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,786,808 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,714 |
| Total assets | $2,618,411 |
| Accounts payable and accrued expenses | $36,855 |
| Grants payable | $0 |
| Deferred revenue | $3,575 |
| 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 | $40,430 |
| Net assets without donor restrictions | $2,577,981 |
| 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 | $2,618,411 |
Grants Awarded
Over the last fiscal year, Nebraska Hospital Assn Research & Educational Foundation has awarded $25,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NE COALITION FOR PATIENT SAFTEY PURPOSE: FINANCIAL SPONSOR | $10,000 |
SYMPHONY WORKFORCE FOUNDATION PURPOSE: FINANCIAL SPONSOR | $15,000 |