Civic Intelligence

Nevada Health and Bioscience Asset

EIN 84-3753195 • 501(c)3 • Henderson, NV

Profile

Support UNLV through the Medical Education Building, residency programs and with an objective of increasing the availability of and access to Southern Nevada's health care services for those who need it.

2275 Corporate Circle Suite 220Henderson, NV 89074

nevadahbc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

61st percentile

0.38x

Higher debt load relative to assets than 61% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

97th percentile

12.66x

Higher debt load relative to revenue than 97% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

3rd percentile

-62%

Higher net margin than 3% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

12th percentile

$202,904

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

6th percentile

-11%

Faster asset growth than 6% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

2nd percentile

-57%

Faster revenue growth than 2% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets61st percentile

Assets

Down

$177,692,754

Down $22,760,254 (-11%) from 2023

Liabilities

Down

$68,052,771

Down $23,259,276 (-25%) from 2023

Net Assets

Up

$109,639,983

Up $499,022 (+0.5%) from 2023

Operations
Liabilities / Revenue97th percentileNet Margin3rd percentile

Revenue

Down

$5,377,076

Down $7,236,381 (-57%) from 2023

Expenses

Up

$8,703,545

Up $4,152,426 (+91%) from 2023

Net Income

Down

-$3,326,469

Down $11,388,807 (-141%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth6th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300M$200M$100M$0Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019Assets 2020: $40,093,764Liabilities 2020: $1,320,902Net Assets 2020: $38,772,8622020Assets 2021: $133,437,634Liabilities 2021: $31,066,262Net Assets 2021: $102,371,3722021Assets 2022: $160,599,179Liabilities 2022: $17,909,981Net Assets 2022: $142,689,1982022Assets 2023: $200,453,008Liabilities 2023: $91,312,047Net Assets 2023: $109,140,9612023Assets 2024: $177,692,754Liabilities 2024: $68,052,771Net Assets 2024: $109,639,9832024

Highlighted filing

2024

Assets$177,692,754
Liabilities$68,052,771
Net Assets$109,639,983
Open 2024 Filing

Operations Trend

Revenue Growth2nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100M$50M$0-$50MRevenue 2019: $0Expenses 2019: $0Net Income 2019: $02019Revenue 2020: $39,602,034Expenses 2020: $829,172Net Income 2020: $38,772,8622020Revenue 2021: $78,465,577Expenses 2021: $944,776Net Income 2021: $77,520,8012021Revenue 2022: $41,321,073Expenses 2022: $1,003,247Net Income 2022: $40,317,8262022Revenue 2023: $12,613,457Expenses 2023: $4,551,119Net Income 2023: $8,062,3382023Revenue 2024: $5,377,076Expenses 2024: $8,703,545Net Income 2024: -$3,326,4692024

Highlighted filing

2024

Revenue$5,377,076
Expenses$8,703,545
Net Income-$3,326,469
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$177,692,754
Liabilities
$68,052,771
Net assets
$109,639,983
Revenue
$5,377,076
Expenses
$8,703,545
Net income
-$3,326,469
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$178$68.1$110$5.38$8.70$3.33
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$200$91.3$109$12.6$4.55$8.06
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$161$17.9$143$41.3$1.00$40.3
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$133$31.1$102$78.5$0.94$77.5
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$40.1$1.32$38.8$39.6$0.83$38.8
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.00$0.00$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$5,377,076
Mission and Program Overview

Mission

The Nevada Health and Bioscience Asset Corporation (NHBAC) is a non-profit corporation comprised of significant Nevada leaders seeking partners for cutting-edge discovery and creativity in healthcare research, education and clinical programming and asset development. With a primary objective of increasing the availability of and access to Nevada's health care services for those who need it, NHBAC will establish Southern Nevada as an innovator and hub for business in the health and bioscience industries.

Established for healthcare research, education and clinical programming, and asset development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$131,947,269$128,836,905▼ $3,110,364
Savings and Temporary Cash Investments$66,993,275$46,972,995▼ $20,020,280
Cash and Non-Interest-Bearing Accounts$961,146$1,401,971▲ $440,825
Pledges and Grants Receivable$420,730$386,047▼ $34,683
Prepaid Expenses and Deferred Charges$65,558$60,961▼ $4,597
Accounts Receivable$65,030$33,875▼ $31,155
Total Assets$200,453,008$177,692,754▼ $22,760,254
Liabilities
Other Liabilities$55,905,892$51,610,450▼ $4,295,442
Deferred Revenue$35,000,000$16,208,841▼ $18,791,159
Accounts Payable and Accrued Expenses$406,155$233,480▼ $172,675
Total Liabilities$91,312,047$68,052,771▼ $23,259,276
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$98,015,769$96,411,732▼ $1,604,037
Net Assets With Donor Restrictions$11,125,192$13,228,251▲ $2,103,059
Total Net Assets Fund Balance$109,140,961$109,639,983▲ $499,022
Total Liabilities and Net Assets / Fund Balance$200,453,008$177,692,754▼ $22,760,254

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$106,749,724$4,663,313$111,413,037
Land$13,893,305-$13,893,305
Other Land Buildings$5,457,061$827,537$6,284,598
Equipment$2,736,815$1,325,815$4,062,630
Compensation and Service Providers
Top Officer Pay12th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kim Case-NicholsChief Operating OfficerFT$175,100$27,804$202,904
Maureen SchaferCEO/President (Thru 03/24)FT$177,516$6,035$183,551

Board Members and Trustees

NameTitle
James C WaddoupsCEO/President (From 04/24)
Andrew ArtusaDirector
John R BaileyDirector
MaryKaye CashmanDirector
Dr Anthony MarlonDirector (From 9/24)
Dr Robert McBeathDirector (From 9/24)
Kris Engelstad McGarrySecretary
Lindy SchumacherTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Fabian VanCottLegal95 S State St 2300, Salt Lake City, UT 84111$663,394
Eide Bailly LLPAccounting5 Triage Center Ste 600, Salt Lake City, UT 84180$199,358
BLF AtkinsonMedical Consultant5136 Makenna Court, Las Vegas, NV 89113$183,333
McKinstryBuilding Maintenance MEB5005 3rd Avenue South, Seattle, WA 98134$149,355
Crowe LLPAccountants - Audit320 E Jefferson Blvd PO Box 7, South Bend, IN 46624$114,713
Revenue and Support

Revenue Composition

Contributions and Grants
$3,244,985
Program Service Revenue
$0
Investment Income
$2,132,091
Other Revenue
$0
All Other Contributions
$3,244,985
Change in Net Assets
$-3,326,469

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,377,076
Revenue Not Reported on Financial Statements
$1,000,000
Revenue Not Reported on Form 990
$8,389,242
Other Revenue Adjustments
$1,000,000
Total Revenue per Audited Statements
$12,766,318
Total Revenue per Form 990
$5,377,076
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,162,741
Salaries, Compensation, and Employee Benefits$540,804
Total Fundraising Expense$129,700
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$4,177,594--$4,177,594
Fees for Services Legal$494,382$166,972$6,679$668,033
Fees for Services Other$512,600$20,283$123,021$655,904
Current Officers, Directors, Trustees, and Key Employees$193,227$193,227-$386,454
Fees for Services Accounting$158,058$158,057-$316,115
Insurance$117,246$117,247-$234,493
Other Salaries and Wages$49,370$49,370-$98,740
Payroll Taxes$18,932$18,932-$37,864
Information Technology$11,805$11,805-$23,610
Other Employee Benefits$8,873$8,873-$17,746
Office Expenses$7,280$7,280-$14,560
Other Expenses$2,256$2,255-$4,511
Advertising$1,710$1,710-$3,420
Travel$870$870-$1,740
Total Functional Expenses$7,816,964$756,881$129,700$8,703,545

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$12,267,296
Expenses per Audited Statements$8,703,545
Total Expenses per Form 990$8,703,545
Expenses Not Reported on Form 990$3,563,751
Expenses Not Reported on Financial Statements$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
Other Liabilities$37,720,450
Assets held for others$13,890,000
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 35% controlled entity
No
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, line 3

“Nevada Health and Bioscience Asset Corporation entered into a contract with Fabian VanCott, an unrelated organization, to provide director and management services.”

Form 990, Part VI, Section A, line 7A

“The Dean of the Medical School may appoint any vacancies of Independent Directors. Three Community Directors will be appointed, one each, by the Engelstad Family Foundation, the Estate of Kirk Kerkorian or its successors, and the third by other contributors to the corporation or by reason of solicitations from the public at large on mutual agreement of the Engelstad Family Foundation and the Estate of Kirk Kerkorian or its successors.”

Form 990, Part VI, Section A, line 8B

“There are no committees with authority to act on behalf of the governing body. The Executive Committee is authorized specifically to obtain an EIN, open bank accounts, and execute signature cards and bank documents as necessary, and take other actions and transact other business on behalf of the Organization as necessary to accomplish the foregoing.”

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

“The Board of Directors reviews and approves a copy of the Form 990 prior to filing.”

Form 990, Part VI, Section B, line 12C

“The Organization has a Conflict of Interest Policy in place that covers the Board of Directors. The policy is reviewed on an annual basis and if a conflict is found to exist, the conflicted party would recuse themselves from voting on the issue.”

Form 990, Part VI, Section B, line 15A

“Regional CEO salary comparable data is provided to the officers of the organization and general counsel for the CEO position and documented in personnel files. A review of compensation is conducted on an annual basis.”

Form 990, Part VI, Section C, line 19

“Governing documents and Conflict of Interest Policy are available on Nevada Secretary of State Website or at the organization's registered address. Financial statements are available as part of the Nevada System of Higher Education and UNLV audit or upon request.”

Filing and Contact Details

Filer

Filer Name
Nevada Health and Bioscience Asset
EIN
84-3753195
Phone
7024835705
Address
2275 Corporate Circle Suite 220, Henderson, NV 89074

Signing Officer

Name
Lindy Schumacher
Title
Treasurer
Phone
7024835705
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lindy Schumacher
Formed
2019
Legal Domicile
Nv
Voting Board Members
7
Independent Board Members
7
Employees
4
Volunteers
7

Preparer

Firm
Eide Bailly LLP
Address
5 Triad Center Ste 600, Salt Lake City, UT 84180-1106
Preparer
Kyle Fritch CPA
Phone
8015322200
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“Return Donations Previously Provided Per Donor Request -1,000,000.”

Financial Statement Notes

Part X, Line 2:

“Management believes that the entity has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The organization would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred.”

Part XI, Line 4B - Other Adjustments:

“Return of Donated Funds Previously Provided 1,000,000.”

Raw XML AppendixShowing 400 of 585 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0In 2024, NHBC advanced Nevada's academic health infrastructure and medical education programs. In partnership with UNLV, NHBC operated the LEED Silvercertified Kirk Kerkorian Medical Education Building, earning an AIA Design Honor Award, and funding $338,400 in capital improvements and energy optimization. NHBC committed over $3 million to launch an Ophthalmology Residency program and worked with UNLV to continue assessing programs to address physician shortages. NHBC also led development of the fully funded, 34,000-sq.-ft. Southern Nevada Academic Health Laboratory, supported by $35M in State ARPA funds and $9M from the City of Las Vegas, is scheduled for completion in Q4 2026. These efforts expand graduate medical education capacity, improve facility performance, and strengthen Nevada's healthcare workforce.Kirk Kerkorian Medical Education Building Operations:In partnership with UNLV, NHBC operated the LEED Silvercertified Kirk Kerkorian Medical Education Building, earning an AIA Design Honor Award, and funding $338,400 for capital improvements and energy optimization projects. These efforts improved facility performance, sustainability, and student learning environments.Graduate Medical Education (GME) Expansion:NHBC committed over $3 million to expand GME programs, launching an Ophthalmology Residency in partnership with Nevada Vision Foundation, and worked with UNLV to continue assessing programs to address physician shortages.. These initiatives address statewide physician shortages and strengthen Nevada's medical education pipeline.Southern Nevada Academic Health Laboratory Development:NHBC led the development of a fully funded, 34,000-sq.-ft. health laboratory to serve as a regional diagnostic center, academic training site, and donor blood bank. Supported by $35 million in State ARPA funds and $9 million from the City of Las Vegas, the project remains on schedule for completion in Q4 2026, enhancing healthcare capacity and emergency preparedness.
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IRS990/Form990PartVIISectionAGrp/PersonNm4Kim Case-Nichols
IRS990/Form990PartVIISectionAGrp/PersonNm5John R Bailey
IRS990/Form990PartVIISectionAGrp/PersonNm6MaryKaye Cashman
IRS990/Form990PartVIISectionAGrp/PersonNm7Andrew Artusa
IRS990/Form990PartVIISectionAGrp/PersonNm8Dr Anthony Marlon
IRS990/Form990PartVIISectionAGrp/PersonNm9Dr Robert McBeath
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4195100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO/President (Thru 03/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt1CEO/President (From 04/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Chief Operating Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director (From 9/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director (From 9/24)
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02019
IRS990/FormerOfcrEmployeesListedInd00
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt05377076
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
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IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
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IRS990/InformationTechnologyGrp/ProgramServicesAmt011805
IRS990/InformationTechnologyGrp/TotalAmt023610
IRS990/InsuranceGrp/ManagementAndGeneralAmt0117247
IRS990/InsuranceGrp/ProgramServicesAmt0117246
IRS990/InsuranceGrp/TotalAmt0234493
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IRS990/InvestmentInJointVentureInd00
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt0131947269
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0128836905
IRS990/LandBldgEquipCostOrOtherBssAmt0135653570
IRS990/LegalDomicileStateCd0NV
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IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Support UNLV through the Medical Education Building, residency programs and with an objective of increasing the availability of and access to Southern Nevada's health care services for those who need it.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0109140961
IRS990/NetAssetsOrFundBalancesEOYAmt0109639983
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0530049
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt098015769
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt096411732
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07280
IRS990/OfficeExpensesGrp/ProgramServicesAmt07280
IRS990/OfficeExpensesGrp/TotalAmt014560
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-1000000
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt08873
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt08873
IRS990/OtherEmployeeBenefitsGrp/TotalAmt017746
IRS990/OtherExpensesGrp/Desc0Construction Write-Off
IRS990/OtherExpensesGrp/Desc1Community Affairs
IRS990/OtherExpensesGrp/Desc2Board Expenses
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02255
IRS990/OtherExpensesGrp/ProgramServicesAmt02056261
IRS990/OtherExpensesGrp/ProgramServicesAmt16500
IRS990/OtherExpensesGrp/ProgramServicesAmt22256
IRS990/OtherExpensesGrp/TotalAmt02056261
IRS990/OtherExpensesGrp/TotalAmt16500
IRS990/OtherExpensesGrp/TotalAmt24511
IRS990/OtherLiabilitiesGrp/BOYAmt055905892
IRS990/OtherLiabilitiesGrp/EOYAmt051610450
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt049370
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt049370
IRS990/OtherSalariesAndWagesGrp/TotalAmt098740
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt018932
IRS990/PayrollTaxesGrp/ProgramServicesAmt018932
IRS990/PayrollTaxesGrp/TotalAmt037864
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0420730
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0386047
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt065558
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt060961
IRS990/PrincipalOfficerNm0Lindy Schumacher
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt011083348
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0270400
IRS990/PYInvestmentIncomeAmt01530109
IRS990/PYOtherExpensesAmt03794600
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt08062338
IRS990/PYSalariesCompEmpBnftPaidAmt0486119
IRS990/PYTotalExpensesAmt04551119
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt012613457
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-3326469
IRS990/RegularMonitoringEnfrcInd01
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IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd01
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesEngagedOrgInvlmntInd01
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesFurtherExemptPrpsInd01
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesTestInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Three (Community Directors) of the Seven independent members of the Board of Directors may be selected by donors to the NHBAC who may be disqualified persons due to being substantial contributors. Control is vested over NHBAC operations by persons other than disqualified persons due to the four Independent Directors, representing the interests of UNLV, outnumbering the three Community Directors.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1The organization supports the Board of Regents of the Nevada System of Higher Education, which is not required to obtain recognition of exempt status because it is considered to be a governmental entity.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2The officers and directors of NHBC meet, on a monthly (or more frequent) basis, with UNLV and UNLV School of Medicine leadership and representatives to review tasks, initiatives, medical education building (MEB) maintenance, facility care and management (pursuant to the lease and MEB Development Agreement with UNLV), the status of the academic laboratory construction project (pursuant to the Lab Development Agreement with UNLV), graduate medical education (GME) programs, and other responsibilities and partnered projects. NHBC's contractual obligations to UNLV, as reviewed at the monthly meetings, legally ensure UNLV has a significant voice in the care and use of the MEB and the academic laboratory being constructed by NHBAC. These contractual obligations continue throughout the duration of the project and lease of the MEB.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt3The NHBC is responsive to the needs and demands of its supported organization, Board of Regents of the Nevada System of Higher Education (NSHE). Four of the directors of the Foundation's Board consists of Corporation Part IV, Section A, Line 9a: 84-3753195 Nevada Health and Bioscience Asset board members selected by the Dean (with input and direction from the UNLV president and NSHE Chancellor) of the UNLV Medical School, which Nevada System of Higher Education is acting for the benefit of. Due to this close and continuous working relationship, the supported organization has the ability to influence the Foundation's decisions regarding the use of its income and assets.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt4NHBC's activities directly further the exempt purposes of UNLV by building and maintaining the MEB for UNLV, supporting and expanding GME programs for UNLV, and building the academic laboratory to support education and training for UNLV medical students and GME programs. NHBC essentially performs the functions of, and carries out the purposes of, UNLV. But for NHBC's involvement, these functions would normally be engaged in by UNLV.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part IV, Section A, Line 9a:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Part IV, Section A, Line 2:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2Part IV, Section D, Line 3:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc3Part IV, Section E, Line 2a:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc4Part IV, Section E, Line 2b:
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IRS990ScheduleA/OtherSupportSumAmt07859193
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IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
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IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt07859193
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Board of Regents of the Nevada System of Higher Education
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0106749724
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04663313
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0111413037
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt07859193
IRS990ScheduleD/DonatedServicesUseFcltsAmt03563751
IRS990ScheduleD/EquipmentGrp/BookValueAmt02736815
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01325815
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04062630
IRS990ScheduleD/ExpensesNotReportedAmt03563751
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt08703545
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt013893305
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt013893305
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0530049
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt05457061
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0827537
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt06284598
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt013890000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt137720450
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Assets held for others
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Other Liabilities
IRS990ScheduleD/OtherRevenuesNotIncludedAmt01000000
IRS990ScheduleD/RevenueNotReportedAmt08389242
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01000000
IRS990ScheduleD/RevenueSubtotalAmt04377076
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Management believes that the entity has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The organization would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred.

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