Cynchealth Foundation Inc
- Assets
- $5.5m
- Revenue
- $202.0k
- Investments
- $5.5m
- Employees
- 0
- Location
- La Vista, NE
- Founding
- Data as of
- 12/2022
- EIN
- 84-3003491
Organization Overview
Cynchealth Foundation Inc is located in La Vista, NE. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cynchealth 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, Cynchealth Foundation Inc generated $202.0k in total revenue. All expenses for the organization totaled $316.3k during the year ending 12/2022. While expenses have increased by 79.5% per year over the past 4 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
CYNCHEALTH FOUNDATION, INC.'S MISSION IS TO RAISE FUNDS FOR SECURE EXCHANGE AND USE OF HEALTH CARE DATA THROUGHOUT THE STATE OF NEBRASKA TO IMPROVE THE QUALITY AND ACCESS OF HEALTHCARE TO THE COMMUNITY WHILE REDUCING HEALTH CARE COSTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CYNCHEALTH FOUNDATION, INC (FKA NEHII FOUNDATION, INC.) (FOUNDATION) WAS FORMED IN 2019 AND WAS CREATED TO SUPPORT NEBRASKA HEALTHCARE INFORMATION INITIATIVE, INC (DBA CYNCHEALTH) AND NEBRASKA HEALTHCARE COLLABORATIVE BY PROVIDING FUNDING FOR HEALTHCARE-RELATED, EDUCATIONAL AND SCIENTIFIC ACTIVITIES FOR THE IMPROVEMENT OF, AND ACCESS TO, HEALTHCARE THROUGHOUT NEBRASKA AND SURROUNDING AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glenn Fosdick Chair & Director | OfficerTrustee | 2 | $0 |
Ruth Freed Secretary & Director | OfficerTrustee | 2 | $0 |
Stephanie Daubert Treasurer & Director | OfficerTrustee | 2 | $0 |
Dr Michael White Director | Trustee | 1.25 | $0 |
Dr Jaime Bland President & CEO | OfficerTrustee | 1.25 | $0 |
Steve Martin Director | Trustee | 1.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $50,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $60,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $110,000 |
| Total Program Service Revenue | $2,500 |
| Investment income | $94,922 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,410 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $202,012 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $55,000 |
| 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. | $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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,121 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $11,422 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $745 |
| 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 | $1,697 |
| All other expenses | $0 |
| Total functional expenses | $316,259 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,323 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,500 |
| 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 | $3,650 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,482,997 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,506,470 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $2,854,100 |
| 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 | $364,997 |
| Total liabilities | $3,219,097 |
| Net assets without donor restrictions | -$677,141 |
| Net assets with donor restrictions | $2,964,514 |
| 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 | $5,506,470 |
Grants Awarded
Over the last fiscal year, Cynchealth Foundation Inc has awarded $4,100,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CREIGHTON UNIVERSITY PURPOSE: ESTABLISHMENT OF ENDOWED CHAIRS WHO WILL WORK CLOSELY WITH FOUNDATION ON PROJECTS AND DEVELOPING A NEW HEALTHCARE DATA ANALYTIC DEPARTMENT AT THE RESEARCH UNIVERSITY. | $2,050,000 |
UNIVERSITY OF NEBRASKA FOUNDATION PURPOSE: ESTABLISHMENT OF ENDOWED CHAIRS WHO WILL WORK CLOSELY WITH FOUNDATION ON PROJECTS AND DEVELOPING A NEW HEALTHCARE DATA ANALYTIC DEPARTMENT AT THE RESEARCH UNIVERSITY. | $2,050,000 |