Overview
What is Nevada Health And Bioscience Asset Corporation?
The Nevada Health and Bioscience Asset Corporation (NHBAC) is a non-profit organization founded in 2019 by leading Nevada figures. With a mission to boost research, education, and clinical programming in healthcare, as well as asset development, NHBAC aims to enhance healthcare services and establish Southern Nevada as a hub for innovation in the health and bioscience sectors. The corporation has already initiated a massive project, the Kirk Kerkorian Medical Education Building, which is expected to be completed by 2022. The building will accommodate the education component for the Kirk Kerkorian School of Medicine at UNLV, thereby increasing the number of students and offering advanced facilities for medical education.
Official website here: www.nevadahbc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 42% (Zero-Star out of Four Star rating)
The Nevada Health And Bioscience Asset Corporation has received a low rating of 42% from Charity Navigator, indicating significant concerns regarding its financial management and transparency. While the organization scores well in areas such as having an independent board and proper financial oversight, it falls short in critical aspects such as the absence of a whistleblower policy and document retention practices.
The organization’s financial ratios are particularly troubling, with a program expense ratio of only 30.66%, which suggests that a substantial majority of its funds may not be directed towards its programs. Additionally, the fundraising efficiency ratio is reported as $0.00, indicating that it may not be generating revenue effectively through its fundraising efforts. This raises questions about the sustainability and impact of the organization’s programs.
Overall, while the governance structure of the Nevada Health And Bioscience Asset Corporation appears sound, the lack of essential policies, combined with poor financial performance metrics, presents a concerning picture for potential donors and stakeholders looking for effective and accountable nonprofit organizations.
This AI summary has been generated from information found on Charity Navigator.
Is Nevada Health And Bioscience Asset Corporation legitimate?
Nevada Health And Bioscience Asset Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nevada Health And Bioscience Asset Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $260,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.nevadahbc.org
What is the mission statement of Nevada Health And Bioscience Asset Corporation?
The Nevada Health and Bioscience Asset Corporation (NHBAC) is a non-profit organization with a mission to advance healthcare research, education, and clinical programming. The corporation aims to foster partnerships for innovative discoveries in these areas and promote asset development. With a focus on improving health care access for those in need, NHBAC strives to establish its region as a leading hub for the health and bioscience industries. By increasing the availability of cutting-edge research and services, NHBAC aspires to make a significant impact on healthcare delivery and innovation.
Official website here: www.nevadahbc.org
Who is the CEO of Nevada Health And Bioscience Asset Corporation?
Maureen Schafer is the Secretary of Nevada Health And Bioscience Asset Corporation. The CEO's salary of Nevada Health And Bioscience Asset Corporation is $260,000 and their total compensation is $260,000.
Official website here: www.nevadahbc.org
What is the revenue of Nevada Health And Bioscience Asset Corporation?
Nevada Health And Bioscience Asset Corporation's revenue in 2022 was $41,321,073.
Official website here: www.nevadahbc.org
Who are the executives of Nevada Health And Bioscience Asset Corporation and what are their salaries?
The average compensation at Nevada Health And Bioscience Asset Corporation during 2022 was $260,000. There is 1 employee and 6 volunteers at Nevada Health And Bioscience Asset Corporation.
Here are 7 key members and their salaries (Nevada Health And Bioscience Asset Corporation's CEO's salary is $260,000 and their total compensation is $260,000):
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- Compensation: $260,000
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- Other: $0
Official website here: www.nevadahbc.org
Where can I find the form 990 for Nevada Health And Bioscience Asset Corporation?
Nevada Health And Bioscience Asset Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nevadahbc.org
Learn more at the official website: www.nevadahbc.org
Mission Statement of Nevada Health And Bioscience Asset Corporation
The Nevada Health and Bioscience Asset Corporation (NHBAC) is a non-profit organization made up of influential Nevadan leaders, committed to forming partnerships for pioneering advancements in healthcare research, education, and clinical programming. With a clear goal of enhancing healthcare accessibility in Nevada, NHBAC aims to establish the region as a trailblazer and primary hub for business in the health and bioscience industries.
Working diligently towards increasing healthcare services availability in Nevada, NHBAC focuses on discovery and creativity through collaboration with prominent partners. The organization's primary mission is to create a significant impact on the healthcare landscape by fostering innovation and development in this essential sector. By doing so, NHBAC strives to elevate Nevada's reputation as a leader in healthcare and bioscience industries.
The Nevada Health and Bioscience Asset Corporation is dedicated to unlocking the potential of healthcare research, education, and clinical programming, all while fostering asset development. The team's collective efforts are geared towards making a difference in the community by expanding healthcare services for those in need. NHBAC's unwavering commitment to fostering growth in the health and bioscience sectors is a testament to its vision of transforming Nevada into a hub for groundbreaking discoveries and advancements.
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Impact
October, 2024
Nevada Health And Bioscience Asset Corporation (NHBAC) has made significant strides in advancing healthcare research, education, and clinical programming in Southern Nevada. Established on May 30, 2019, NHBAC plays a crucial role in the development of essential healthcare infrastructure, exemplified by the Kirk Kerkorian Medical Education Building at UNLV. This state-of-the-art facility, which broke ground on October 29, 2019, will provide vital educational resources for the Kirk Kerkorian School of Medicine.
Once completed, the 135,000 sq. ft. building will enhance the capacity of the medical school, allowing for an increase in student enrollment from 60 to potentially 120 students per class. This expansion is not only crucial for meeting the rising demand for healthcare professionals but also for achieving full accreditation for the school.
NHBAC is committed to establishing Southern Nevada as a leader in healthcare innovation, fostering collaboration among key stakeholders to enhance the local healthcare landscape. By focusing on cutting-edge research and education, the organization aims to improve access to high-quality healthcare services for the community. The impact of NHBAC is thus far-reaching, as it not only contributes to the expansion of medical education but also positions Nevada as a hub for the health and bioscience industries, ultimately benefiting both the local and broader populations.
This information is meant to be a general summary of Nevada Health And Bioscience Asset Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $286,786
- Gross Receipts: $41,486,836
Assets and Liabilities:
- Total Assets: $160,599,179
- Total Liabilities: $17,909,981
- Net Assets: $142,689,198
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Organization Details
Founding Year
2019
Phone
(702) 483-5705Principal Officer
Maureen Schafer
Main Address
1930 Village Center Cir 3-805, Las Vegas, NV, 89134
Website
www.nevadahbc.orgNTEE Category
Code: B11 - Education
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