Civic Intelligence

Hida Educational Foundation

990 • Fiscal year 2017 • EIN 36-2945503

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 17, 2018

310 Montgomery StreetAlexandria, VA 22314

(703) 549-4432

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.57x

Higher debt load relative to assets than 83% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

77th percentile

0.48x

Higher debt load relative to revenue than 77% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

65th percentile

9.2%

Higher net margin than 65% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

92nd percentile

55%

Faster asset growth than 92% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

63rd percentile

11%

Faster revenue growth than 63% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$2,415,513

Up $853,544 (+55%) from 2016

Net Assets

Up

$1,030,088

Up $355,549 (+53%) from 2016

Liabilities

Up

$1,385,425

Up $497,995 (+56%) from 2016

Revenue

Up

$2,859,464

Up $278,052 (+11%) from 2016

Expenses

Down

$2,595,596

Down $29,652 (-1.1%) from 2016

Net Income

Up

$263,868

Up $307,704 (+702%) from 2016

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

2017

Assets$2,415,513
Liabilities$1,385,425
Net Assets$1,030,088

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

2017

Revenue$2,859,464
Expenses$2,595,596
Net Income$263,868
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 17, 2018
Return Version
2017v2.3
Gross Receipts
$3,132,853
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.

SEE PART III, LINE 1.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$976,851$1,255,845▲ $278,994
Cash and Non-Interest-Bearing Accounts$145,694$789,601▲ $643,907
Savings and Temporary Cash Investments$268,114$192,159▼ $75,955
Prepaid Expenses and Deferred Charges$61,556$87,489▲ $25,933
Land, Buildings, and Equipment, Net$105,634$80,590▼ $25,044
Accounts Receivable$4,120$9,829▲ $5,709
Total Assets$1,561,969$2,415,513▲ $853,544
Liabilities
Other Liabilities$565,319$1,050,742▲ $485,423
Deferred Revenue$191,972$197,849▲ $5,877
Accounts Payable and Accrued Expenses$130,139$136,834▲ $6,695
Total Liabilities$887,430$1,385,425▲ $497,995
Net Assets / Fund Balance
Unrestricted Net Assets$674,539$1,030,088▲ $355,549
Total Net Assets Fund Balance$674,539$1,030,088▲ $355,549
Total Liabilities and Net Assets / Fund Balance$1,561,969$2,415,513▲ $853,544

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$73,227$201,896$275,123
Equipment$6,685$95,448$102,133
Leasehold Improvements$678$1,995$2,673
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Elizabeth HillaExecutive DirectorPT$176,882$26,924$203,806
Matthew J RowanPresident & CEO HidaPT$127,755$25,300$153,055
Josh BabbDirector, Government AffairsPT$16,931$117,413$134,344
Julie BerryDirector, Conferences & SponsorshipPT$60,000$71,048$131,048
Jennifer GilbertsonDirector, MarketingPT$50,576$56,111$106,687
Balvinder BainsVP, Finance & OperationsPT$79,828$10,572$90,400
LINDA ROUSE O'NEILLVP, Government AffairsPT$30,838$3,843$34,681

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Hyatt Regency Coconut PointMeeting Space5001 COCONUT ROAD, Bonita Springs, FL 34134$225,152
Revenue and Support

Revenue Composition

Contributions and Grants
$1,713,768
Program Service Revenue
$1,034,337
Investment Income
$111,359
Other Revenue
$0
All Other Contributions
$1,713,768
Change in Net Assets
$263,868

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,859,464
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$91,681
Total Revenue per Audited Statements
$2,951,145
Total Revenue per Form 990
$2,859,464
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,384,958
Other Expenses$1,208,034
Total Fundraising Expense$427,277
Grants and Similar Amounts Paid$2,604
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$337,395$85,241$271,749$694,385
Current Officers, Directors, Trustees, and Key Employees$167,873$275,759$38,310$481,942
Conferences and Meetings$430,682$3,872-$434,554
Fees for Services Other$223,842$41,121-$264,963
Office Expenses$67,039$82,222$1,090$150,351
Travel$85,849$38,140$2,647$126,636
Other Employee Benefits$39,301$19,166$34,333$92,800
Payroll Taxes$34,954$17,406$23,074$75,434
Other Expenses$33,695$10,257$27,888$71,840
Occupancy$19,032$17,161$11,514$47,707
Pension Plan Contributions$19,443$6,343$14,611$40,397
Depreciation Depletion$35,005$1,034$2,061$38,100
Information Technology$37,942--$37,942
Fees for Services Legal-$30,092-$30,092
Fees for Services Accounting-$5,849-$5,849
Grants to Domestic Orgs$2,604--$2,604
Total Functional Expenses$1,534,656$633,663$427,277$2,595,596

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,595,596
Total Expenses per Audited Statements$2,595,596
Total Expenses per Form 990$2,595,596
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Party$1,050,742
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

Form 990, Part VI, Section B, Line 11B

An operations committee is empowered by the board to review the draft 990.

Form 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.

Form 990, Part VI, Section B, Line 15

An outside consultant conducted a market comparability study to determine going market rates as of 2016, 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.

Form 990, 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
Phone
7035494432
Address
310 MONTGOMERY STREET, ALEXANDRIA, VA 22314

Signing Officer

Name
Elizabeth Hilla
Title
Executive Director
Phone
7035494432
Signed
2018-08-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elizabeth Hilla
Formed
1977
Legal Domicile
Il
Voting Board Members
29
Independent Board Members
29
Employees
0
Volunteers
29

Preparer

Firm
Cohnreznick Llp
Address
7501 WISCONSIN AVENUE SUITE 400E, BETHESDA, MD 20814
Preparer
DANIEL O'SHEA
Phone
3016529100
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Consultants: program service expenses 124,766. Management and general expenses 24,511. Fundraising expenses 0. Total expenses 149,277. Speaker fees: program service expenses 77,227. Management and general expenses 0. Fundraising expenses 0. Total expenses 77,227. Outsourced hr services: program service expenses 0. Management and general expenses 8,899. Fundraising expenses 0. Total expenses 8,899. Personnel recruitment services: program service expenses 0. Management and general expenses 6,264. Fundraising expenses 0. Total expenses 6,264. Other professional services: program service expenses 21,849. Management and general expenses 1,447. Fundraising expenses 0. Total expenses 23,296.

Financial Statement Notes

PART X, LINE 2:

The foundation is exempt from the payment of income taxes under section 501(c)(3) of the internal revenue code. The foundation is not a private 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 these financial statements for penalties and interest related to unrecognized tax benefits for the years ended december 31, 2017 and 2016. Tax years prior to 2014 are no longer subject to examination by the irs or the tax jurisdiction of the commonwealth of virginia.

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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd28X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt250
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt260
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt270
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt280
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2953156
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IRS990/Form990PartVIISectionAGrp/PersonNm0DAVID MCKINLEY
IRS990/Form990PartVIISectionAGrp/PersonNm1MICHAEL D ABNEY JR
IRS990/Form990PartVIISectionAGrp/PersonNm2WILLIAM ABRAMS
IRS990/Form990PartVIISectionAGrp/PersonNm3RIAD ABUELAFIYA
IRS990/Form990PartVIISectionAGrp/PersonNm4AKHIL K AGRAWAL
IRS990/Form990PartVIISectionAGrp/PersonNm5CRAIG BISER
IRS990/Form990PartVIISectionAGrp/PersonNm6ADAM BISHOP
IRS990/Form990PartVIISectionAGrp/PersonNm7ANGELA DAVIS
IRS990/Form990PartVIISectionAGrp/PersonNm8ELIZABETH DAY-CURI
IRS990/Form990PartVIISectionAGrp/PersonNm9SIMA DELAFRAZ
IRS990/Form990PartVIISectionAGrp/PersonNm10THOMAS DISTANISLAO
IRS990/Form990PartVIISectionAGrp/PersonNm11KEN DONLON
IRS990/Form990PartVIISectionAGrp/PersonNm12NANCY J DYSLIN
IRS990/Form990PartVIISectionAGrp/PersonNm13KELLY GIBNEY
IRS990/Form990PartVIISectionAGrp/PersonNm14JOSEPH GRISPO JR
IRS990/Form990PartVIISectionAGrp/PersonNm15LISA HOHMAN
IRS990/Form990PartVIISectionAGrp/PersonNm16STEVE INGEL
IRS990/Form990PartVIISectionAGrp/PersonNm17JAY ISTVAN
IRS990/Form990PartVIISectionAGrp/PersonNm18ANNE-MARIE JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm19GERARD LODUCA
IRS990/Form990PartVIISectionAGrp/PersonNm20LARRY MALLOY
IRS990/Form990PartVIISectionAGrp/PersonNm21SAMUEL ROBB
IRS990/Form990PartVIISectionAGrp/PersonNm22KIRK S RYAN
IRS990/Form990PartVIISectionAGrp/PersonNm23ROBERT SARON
IRS990/Form990PartVIISectionAGrp/PersonNm24CHRISTOPHER STELTER
IRS990/Form990PartVIISectionAGrp/PersonNm25KEVIN SWAN
IRS990/Form990PartVIISectionAGrp/PersonNm26JOHN TIERNEY
IRS990/Form990PartVIISectionAGrp/PersonNm27MIKE WALKER
IRS990/Form990PartVIISectionAGrp/PersonNm28JENNIFER ZINN
IRS990/Form990PartVIISectionAGrp/PersonNm29MATTHEW J ROWAN
IRS990/Form990PartVIISectionAGrp/PersonNm30ELIZABETH HILLA
IRS990/Form990PartVIISectionAGrp/PersonNm31BALVINDER BAINS
IRS990/Form990PartVIISectionAGrp/PersonNm32LINDA ROUSE O'NEILL
IRS990/Form990PartVIISectionAGrp/PersonNm33JULIE BERRY
IRS990/Form990PartVIISectionAGrp/PersonNm34JENNIFER GILBERTSON
IRS990/Form990PartVIISectionAGrp/PersonNm35JOSH BABB
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt280
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29PRESIDENT & CEO HIDA
IRS990/Form990PartVIISectionAGrp/TitleTxt30EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt31VP, FINANCE & OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt32VP, GOVERNMENT AFFAIRS
IRS990/Form990PartVIISectionAGrp/TitleTxt33DIRECTOR, CONFERENCES & SPONSORSHIP
IRS990/Form990PartVIISectionAGrp/TitleTxt34DIRECTOR, MARKETING
IRS990/Form990PartVIISectionAGrp/TitleTxt35DIRECTOR, GOVERNMENT AFFAIRS
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01977
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt094611
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt029
IRS990/GrantAmt02604
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt02604
IRS990/GrantsToDomesticOrgsGrp/TotalAmt02604
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0368000
IRS990/GrossReceiptsAmt03132853
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01

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