Nebraska Hospital Assn Research & Educational Foundation
- Assets
- $3.0m
- Revenue
- $686.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Lincoln, NE
- Founding
- 01/1969
- Data as of
- 12/2021
- 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 12/2021, Nebraska Hospital Assn Research & Educational Foundation generated $686.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $353.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.8%) per year over the past 7 years. 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
2021
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 |
|---|---|---|---|
Laura Redoutey President | Officer | 2 | $0 |
Leslie Marsh Chair | Trustee | $0 | |
Ivan Mitchell Vice Chair | Trustee | $0 | |
Kathy Bressler Secretary | Trustee | $0 | |
Ryan Larsen Treasurer | Trustee | $0 | |
James Frank 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 | $9,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,000 |
| Total Program Service Revenue | $348,861 |
| Investment income | $32,928 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $287,297 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $686,164 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| Grants and other assistance to domestic individuals. | $45,000 |
| 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 | $189,622 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,000 |
| 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 | $504 |
| Information technology | $619 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $62 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $68,102 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $849 |
| Total functional expenses | $353,533 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $393,301 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,554 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $360,385 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $18,492 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,223,515 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $701 |
| Total assets | $3,026,948 |
| Accounts payable and accrued expenses | $26,663 |
| Grants payable | $0 |
| Deferred revenue | $57,135 |
| 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 | $2,355 |
| Total liabilities | $86,153 |
| Net assets without donor restrictions | $2,940,795 |
| 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 | $3,026,948 |
Grants Awarded
Over the last fiscal year, Nebraska Hospital Assn Research & Educational Foundation has awarded $110,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
KLAASMEYER & ASSOCIATES INC PURPOSE: NONPROFIT NH ASSIST | $100,000 |
Omaha, NE PURPOSE: FINANCIAL SPONSOR | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Nebraska Hospital Assn Research & Educational Foundation has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Albert G & Grace Hahn Educational Foundation Of Indiana Hosp Assoc Indianapolis, IN PURPOSE: DISASTER RELIEF CONTRIBUTION | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Foundation For Barnes-Jewish Hospital St Louis, MO | $993,230,579 | $106,273,508 |
Childrens Hospital Colorado Aurora, CO | $82,093,009 | $83,634,680 |
Ascension Medical Group Genesys St Louis, MO | $56,901,611 | $50,467,195 |
Childrens Hospital & Medical Center Foundation Omaha, NE | $482,957,536 | $27,549,600 |
Regional West Health Services & Affiliated Employee Benefit Trust Scottsbluff, NE | $5,369,125 | $34,323,197 |
St Louis Childrens Hospital Foundation St Louis, MO | $519,869,527 | $109,928,853 |
Evergy Inc Kansas City, MO | $52,468,726 | $27,820,976 |
Operating Engineers Health And Welfare Trust Fund For Colorado Arvada, CO | $27,494,778 | $20,685,381 |
Oklahoma Gas And Electric Company Employees Medical Benefit Trust Des Moines, IA | $55,573 | $22,996,745 |
Motor Car Dealers Assn Of Greater Kansas City Health & Welfare Fund Overland Park, KS | $2,304,856 | $21,574,079 |
Catholic Health Initiatives Colorado Foundation Centennial, CO | $87,057,736 | $22,290,693 |
Cmc Foundation Of Central Texas St Louis, MO | $62,748,063 | $28,416,525 |