2024-11-15T16:37:00-06:00 2023-12-31 450250958 Eide Bailly LLP 5 Triad Center Ste 600 Salt Lake City UT 841801106 990 2023-01-01 843753195 Nevada Health and Bioscience Asset Corporation NEVA 7024835705 411 E Bonneville Ave Suite 40 Las Vegas NV 891016632 Lindy Schumacher Treasurer 7024835705 2024-11-15 1 1 Kyle Fritch CPA P01313374 8015322200 2024-11-15 2023 2024-10-15 13:58:12Z Lindy Schumacher 411 E Bonneville Ave Suite 40 Las Vegas NV 891016632 12670289 0 X nevadahbc.org X 2019 NV Established for healthcare research, education and clinical programming, and asset development. 7 6 3 6 0 0 41034287 11083348 0 0 286786 1530109 0 0 41321073 12613457 0 270400 0 0 275202 486119 0 0 193942 728045 3794600 1003247 4551119 40317826 8062338 160599179 200453008 17909981 91312047 142689198 109140961 X 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. 0 0 4022657 270400 0 The Nevada Health and Bioscience Asset Corporation (NHBAC) was incorporated on May 30, 2019, and received IRS approval for tax-exempt status effective as of the incorporation date. Construction of the Kirk Kerkorian Medical Education Building at UNLV began on October 29, 2019, and the school opened in October 2022, significantly ahead of the original completion date set by the NSHE UNLV/NHBC development agreement, which anticipated a 2025 finish. The building contains state-of-the-art education space, simulation center facilitates, digital medical library, a premier beautiful forum for large student and community events and more, exemplifying the most current attributes in medical education learning today.NHBC continues to support UNLV through (i) the nominal $1 lease/year for the completed Medical Education Building; (ii) UNLV's full use of furniture, fixtures, and equipment funded through contributions to NHBC; (iii) providing staffing oversight assistance to UNLV for costs and physical maintenance of the Medical Education Building; (iv) providing Medical Education Building optimization and energy management projects paid for by NHBC; and (v) collaborating with UNLV on a water softener project for the Medical Education Building with design and construction starting in 2024. NBHC worked with the Eye Center and UNLV to start an ophthalmology residency program that ultimately will be able to support fellowship programs. NHBC is also working with UNLV and other partners to plan and develop other residency programs including the Children's Heart Center pediatric heart cardiologists to begin a fellowship program in pediatric cardiology. It would become the first type of fellowship offered for pediatricians in the State of Nevada.In August 2022, the Nevada Interim Finance Committee approved State ARPA funds to NHBC for a Biomedical Research Facility. NHBC and UNLV collaborated on the request and land structure that resulted in a capital project named the Southern Nevada Public Academic Health Laboratory (Lab). The Lab is estimated to be 34,000 gross square feet housing clinical pathology labs and the first Nevada-operated blood bank. The lab will support UNLV's future pathology residency and fellowship program. The building completion is planned for December 2026. 4022657 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 4 0 1 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 6 0 0 0 0 0 1 0 1 0 0 0 1 1 1 1 0 0 1 0 0 X Lindy Schumacher 7024835705 1930 Village Center Cir 3-805 Las Vegas NV 89134 Kris Engelstad McGarry Secretary 0.50 X X 0 0 0 Lindy Schumacher Treasurer 0.50 X X 0 0 0 John R Bailey Director 0.10 X 0 0 0 MaryKaye Cashman Director 0.10 X 0 0 0 Marianne Johnson Director 0.10 X 0 0 0 Andrew Artusa Director 0.10 X 0 0 0 Maureen Schafer CEO/President 40.00 X X 266003 0 1797 266003 0 1797 1 0 1 0 ECG Management Consultants 11512 El Camino Real Ste 200 San Diego CA 92130 Management Consultants 566240 Nevada Vision Foundation 2777 Paradise Rd Ste 3005 Las Vegas NV 89109 Academis & Medical Support 250000 Fabian VanCott 95 S State St 2300 Salt Lake City UT 84111 Legal 217233 BLF Atkinson 5136 Makenna Court Las Vegas NV 89113 Medical Consultant 212503 Crowe LLP 320 E Jefferson Blvd PO Box 7 South Bend IN 46624 Accountants - Audit 176072 6 11083348 11083348 1322858 1322858 264083 56832 207251 207251 207251 12613457 0 0 1530109 270400 270400 267800 156629 68592 42579 156786 91700 40158 24928 9048 5292 2317 1439 20566 12028 5268 3270 31919 18669 8175 5075 232280 189765 22888 19627 162028 92405 44503 25120 346367 282969 34130 29268 5470 3120 1502 848 22853 13033 6277 3543 15455 15455 124390 106890 17500 2639071 2639071 242802 138471 66688 37643 Board Expenses 3884 2215 1067 602 4551119 4022657 334520 193942 9676377 961146 20601111 66993275 420730 65030 59032 65558 134586340 2639071 130262659 131947269 160599179 200453008 1671290 406155 35000000 16238691 55905892 17909981 91312047 X 142689198 98015769 11125192 142689198 109140961 160599179 200453008 8062338 405317 -42015892 0 X 0 1 X 1 0 X X X 1 Board of Regents of the Nevada System of Higher Education 886000024 10 1 0 3752257 1 0 3752257 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 1 1 X 1 1 Part IV, Section A, Line 9a: Three (Community Directors) of the Seven 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. Part IV, Section D, Line 3: The officers and directors of NHBAC will, on a monthly basis, have a representative meet with UNLV representatives to review tasks, timeline and responsibilities based on the Development Agreement. NHBAC's contractual obligations to UNLV, as reviewed at the monthly meetings, will legally ensure UNLV has a significant voice in the design, construction and use of assets for the MEB being constructed by NHBAC. These contractual obligations continue throughout the duration of the project. Part IV, Section E, Line 2a: The NHBAC is responsive to the needs and demands of its supported organization, Board of Regents of the Nevada System of Higher Education. Four of the directors of the Foundation's Board consists of board members selected by the Dean of the 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. Part IV, Section E, Line 2b: NHBAC's activities directly further the exempt purposes of UNLV by building and maintaining a medical school building for UNLV. This essentially performs the functions of, and carries out the purposes of, UNLV. But for NHBAC's involvement, this function would normally be engaged in by UNLV. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13893305 13893305 111413037 1805168 109607869 4062630 513433 3549197 5217368 320470 4896898 131947269 Assets held for others 13890000 Other Liabilities 42015892 55905892 X 17811322 405317 4792548 5197865 12613457 0 12613457 51359559 46808440 46808440 4551119 0 4551119 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. 1 The Behavioral Health Association of Nevada 2975 Castle Sage CT Reno NV 89503 932868247 501(c)(3) 20000 0 General Charitable Purposes Nevada Vision Foundation 410 S Rampart Blvd Ste 350 Las Vegas NV 89145 873671338 501(c)(3) 250400 0 General Charitable Purposes 2 0 Part I, Line 2: NHBC exerts all reasonable efforts and establishes adequate procedures: 1. To see that the grant is spent only for the purpose for which it is made, 2. To obtain full and complete reports from the grantee organization on how the funds are spent, and 3. To make full and detailed reports on the expenditures to the IRS. X X X 0 0 0 0 0 0 0 0 0 Maureen Schafer CEO/President 266003 0 0 0 0 0 0 0 1797 0 267800 0 0 0 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. Board of Regents of the Nevada System of Higher Education 2601 Enterprise Road Reno NV 895121666 886000024 Education NV 501(c)(3) Line 10 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0