Civic Intelligence

Hida Educational Foundation

990 • Fiscal year 2014 • EIN 36-2945503

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 07, 2015

310 Montgomery StreetSuiteAlexandria, VA 22314

(703) 549-4432

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

81st percentile

0.57x

Higher debt load relative to assets than 81% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

75th percentile

0.45x

Higher debt load relative to revenue than 75% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

24th percentile

-6.7%

Higher net margin than 24% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

98th percentile

$577,667

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 22.8% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

$1,983,322

No earlier filing loaded for comparison.

Net Assets

$852,146

No earlier filing loaded for comparison.

Liabilities

$1,131,176

No earlier filing loaded for comparison.

Revenue

$2,530,263

No earlier filing loaded for comparison.

Expenses

$2,699,837

No earlier filing loaded for comparison.

Net Income

-$169,574

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2014: $1,983,322Liabilities 2014: $1,131,176Net Assets 2014: $852,1462014Assets 2016: $1,561,969Liabilities 2016: $887,430Net Assets 2016: $674,5392016Assets 2017: $2,415,513Liabilities 2017: $1,385,425Net Assets 2017: $1,030,0882017Assets 2018: $2,444,361Liabilities 2018: $1,369,509Net Assets 2018: $1,074,8522018Assets 2019: $2,575,218Liabilities 2019: $1,321,136Net Assets 2019: $1,254,0822019Assets 2020: $2,698,717Liabilities 2020: $1,428,126Net Assets 2020: $1,270,5912020Assets 2021: $3,371,269Liabilities 2021: $1,800,366Net Assets 2021: $1,570,9032021Assets 2022: $2,416,056Liabilities 2022: $1,442,300Net Assets 2022: $973,7562022Assets 2023: $3,098,353Liabilities 2023: $2,174,277Net Assets 2023: $924,0762023Assets 2024: $3,010,061Liabilities 2024: $2,040,028Net Assets 2024: $970,0332024

Highlighted filing

2014

Assets$1,983,322
Liabilities$1,131,176
Net Assets$852,146

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0MRevenue 2014: $2,530,263Expenses 2014: $2,699,837Net Income 2014: -$169,5742014Revenue 2016: $2,581,412Expenses 2016: $2,625,248Net Income 2016: -$43,8362016Revenue 2017: $2,859,464Expenses 2017: $2,595,596Net Income 2017: $263,8682017Revenue 2018: $3,090,874Expenses 2018: $2,909,450Net Income 2018: $181,4242018Revenue 2019: $3,146,054Expenses 2019: $3,060,671Net Income 2019: $85,3832019Revenue 2020: $2,946,583Expenses 2020: $2,864,179Net Income 2020: $82,4042020Revenue 2021: $3,020,994Expenses 2021: $2,725,005Net Income 2021: $295,9892021Revenue 2022: $3,130,964Expenses 2022: $3,573,082Net Income 2022: -$442,1182022Revenue 2023: $3,607,749Expenses 2023: $3,779,673Net Income 2023: -$171,9242023Revenue 2024: $3,664,785Expenses 2024: $3,680,900Net Income 2024: -$16,1152024

Highlighted filing

2014

Revenue$2,530,263
Expenses$2,699,837
Net Income-$169,574
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 7, 2015
Return Version
2014v5.0
Gross Receipts
$2,794,263
Mission and Program Overview

Mission

The mission of the hida educational foundation is to build a more effective and efficient healthcare supply channel through industry research and education programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$851,426$900,966▲ $49,540
Cash and Non-Interest-Bearing Accounts$517,695$669,725▲ $152,030
Savings and Temporary Cash Investments$263,830$263,686▼ $144
Prepaid Expenses and Deferred Charges$83,421$123,107▲ $39,686
Land, Buildings, and Equipment, Net$24,370$25,746▲ $1,376
Accounts Receivable$6,253$92▼ $6,161
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$1,746,995$1,983,322▲ $236,327
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$488,741$774,368▲ $285,627
Deferred Revenue$129,427$223,554▲ $94,127
Accounts Payable and Accrued Expenses$99,824$133,254▲ $33,430
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$717,992$1,131,176▲ $413,184
Net Assets / Fund Balance
Unrestricted Net Assets$1,029,003$852,146▼ $176,857
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$1,029,003$852,146▼ $176,857
Total Liabilities and Net Assets / Fund Balance$1,746,995$1,983,322▲ $236,327

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$143,149$143,149
Equipment$23,795$70,658$94,453
Leasehold Improvements$1,951$722$2,673
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Elizabeth HillaExecutive DirectorFT$179,545$42,755$222,300
Ian FardyExecutive Vice PresidentPT$118,737$32,770$151,507
Matthew J RowanPresident & CEO, HidaPT$116,655$27,762$144,417
David ReidDirector, Bus. IntelligencePT$64,654$71,698$136,352
Josh BabbDirector, General & Admin.PT$15,094$106,525$121,619
Lisa QueeneyVP of Finance and OperationsPT$63,814$19,711$83,525
LINDA ROUSE O'NEILLVICE PRESIDENT GOV'T AFFAIRSPT$25,208$7,345$32,553

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
None---
Revenue and Support

Revenue Composition

Contributions and Grants
$1,428,192
Program Service Revenue
$1,045,511
Investment Income
$56,560
Other Revenue
$0
All Other Contributions
$1,428,192
Change in Net Assets
$-169,574

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,530,263
Revenue Not Reported on Form 990
$-7,283
Total Revenue per Audited Statements
$2,522,980
Total Revenue per Form 990
$2,530,263
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,287,352
Salaries, Compensation, and Employee Benefits$1,231,046
Total Fundraising Expense$377,408
Professional Fundraising Fees$136,891
Grants and Similar Amounts Paid$44,548

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$229,580$276,065$136,891$642,536
Other Salaries and Wages$361,798$67,886$150,639$580,323
Conferences and Meetings$430,156$3,789-$433,945
Fees for Services Other$344,240$36,123$179$380,542
Office Expenses$71,716$88,265$2,503$162,484
Travel$82,624$35,027$13,093$130,744
Payroll Taxes$37,393$15,415$17,649$70,457
Other Employee Benefits$30,337$8,923$14,663$53,923
Occupancy$23,519$17,719$7,186$48,424
Other Expenses$1,036$15,569$28,312$44,917
Grants to Domestic Orgs$44,548--$44,548
Information Technology$33,927--$33,927
Fees for Services Legal-$29,033-$29,033
Pension Plan Contributions$13,299$3,836$3,563$20,698
Depreciation Depletion$8,909$2,730$2,730$14,369
Fees for Services Accounting-$5,915-$5,915
Insurance$2,927--$2,927
Advertising-$125-$125
Total Functional Expenses$1,716,009$606,420$377,408$2,699,837

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,699,837
Total Expenses per Audited Statements$2,699,837
Total Expenses per Form 990$2,699,837
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Health Industry Distributors AssociationAlexandria, VA501(c)(6)Healthcare$40,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$136,891
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Party$774,368
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Section A, Line 11B

An Operations Committee is empowered by the board to review the draft 990.

Part VI, Section B, Line 12C

Each year, a signed copy of the policy is required from each officer. Key employees have the conflict of interest policy written into their employment contract, which comes up for renewal every two years.

Part VI, Section B, Line 15

An outside consultant conducted a market comparability study to determine going market rates as of 2011, which included a matrix to accommodate ranges for growth and market factors. Board approval is required for all executive team changes, specifically ones with employment contracts.

Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public by including these in the board of directors books. The directors books are then made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Hida Educational Foundation
EIN
36-2945503
In Care Of
% LISA QUEENEY
Phone
7035494432
Address
310 MONTGOMERY STREET, Suite, ALEXANDRIA, VA 22314

Signing Officer

Name
Elizabeth Hilla
Title
Executive Director
Phone
7035494432
Signed
2015-08-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elizabeth Hilla
Formed
1977
Legal Domicile
Il
Voting Board Members
28
Independent Board Members
28
Employees
0
Volunteers
28

Preparer

Firm
Cohnreznick Llp
Address
6720B ROCKLEDGE DRIVE SUITE 750, BETHESDA, MD 20817
Preparer
DANIEL D O'SHEA
Phone
3016547555
Supplemental Narrative

Additional Explanations

Form 990 Part IX Line 11G

Description:speaker fees total fees:170546

Form 990 Part IX Line 11G

Description:consultants total fees:136630

Form 990 Part IX Line 11G

Description:outsourced hr total fees:10382

Form 990 Part IX Line 11G

Description:personnel recruitment total fees:2246

Form 990 Part IX Line 11G

Description:other total fees:60738

Financial Statement Notes

Part X, Line 2

HIDA Educational Foundation (the Foundation) believes that it has appropriate support for any tax positions taken, and, as such, does not have any uncertain tax positions that are material to the financial statements. The Foundation recognizes interest expense and penalties related to unrecognized tax benefits in general and administrative expenses on the statements of activities and change in net assets and accrued expenses on the statements of financial position. There is no provision in the financial statements for penalties and interest related to unrecognized tax benefits for the years ended December 31, 2014 and 2013. Tax years prior to 2011 are no longer subject to examination by the IRS or the tax jurisdiction of the Commonwealth of Virginia.

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IRS990/Form990PartVIISectionAGrp/TitleTxt28PRESIDENT & CEO, HIDA
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IRS990/Form990PartVIISectionAGrp/TitleTxt30VP OF FINANCE AND OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt31EXECUTIVE VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt32VICE PRESIDENT GOV'T AFFAIRS
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