2025-11-14T11:04:02-06:00 2024-12-31 450250958 Eide Bailly LLP 5 Triad Center Ste 600 Salt Lake City UT 841801106 990 2024-01-01 843753195 Nevada Health and Bioscience Asset Corporation NEVA 7024835705 2275 Corporate Circle Suite 220 Henderson NV 89074 Lindy Schumacher Treasurer 7024835705 2025-11-14 1 1 Kyle Fritch CPA P01313374 8015322200 2025-11-14 2024 2025-03-06 01:10:19Z X Lindy Schumacher 2275 Corporate Circle Suite 220 Henderson NV 89074 5377076 0 X nevadahbc.org X 2019 NV Established for healthcare research, education and clinical programming, and asset development. 7 7 4 7 0 0 11083348 3244985 0 0 1530109 2132091 0 0 12613457 5377076 270400 0 0 0 486119 540804 0 0 129700 3794600 8162741 4551119 8703545 8062338 -3326469 200453008 177692754 91312047 68052771 109140961 109639983 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 7816964 0 In 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. 7816964 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 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 3 0 1 4 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 1 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 Maureen Schafer CEO/President (Thru 03/24) 40.00 X X 177516 0 6035 James C Waddoups CEO/President (From 04/24) 40.00 X 0 0 0 Kris Engelstad McGarry Secretary 0.50 X X 0 0 0 Lindy Schumacher Treasurer 0.50 X X 0 0 0 Kim Case-Nichols Chief Operating Officer 40.00 X 195100 0 7804 John R Bailey Director 0.10 X 0 0 0 MaryKaye Cashman Director 0.10 X 0 0 0 Andrew Artusa Director 0.10 X 0 0 0 Dr Anthony Marlon Director (From 9/24) 0.10 X 0 0 0 Dr Robert McBeath Director (From 9/24) 0.10 X 0 0 0 372616 0 13839 2 0 1 0 Fabian VanCott 95 S State St 2300 Salt Lake City UT 84111 Legal 663394 Eide Bailly LLP 5 Triage Center Ste 600 Salt Lake City UT 84180 Accounting 199358 BLF Atkinson 5136 Makenna Court Las Vegas NV 89113 Medical Consultant 183333 McKinstry 5005 3rd Avenue South Seattle WA 98134 Building Maintenance MEB 149355 Crowe LLP 320 E Jefferson Blvd PO Box 7 South Bend IN 46624 Accountants - Audit 114713 5 3244985 3244985 2132091 2132091 5377076 0 0 2132091 386454 193227 193227 98740 49370 49370 17746 8873 8873 37864 18932 18932 668033 494382 166972 6679 316115 158058 158057 655904 512600 20283 123021 3420 1710 1710 14560 7280 7280 23610 11805 11805 1740 870 870 4177594 4177594 234493 117246 117247 Construction Write-Off 2056261 2056261 Community Affairs 6500 6500 Board Expenses 4511 2256 2255 8703545 7816964 756881 129700 961146 1401971 66993275 46972995 420730 386047 65030 33875 65558 60961 135653570 6816665 131947269 128836905 200453008 177692754 406155 233480 35000000 16208841 55905892 51610450 91312047 68052771 X 98015769 96411732 11125192 13228251 109140961 109639983 200453008 177692754 X -3326469 530049 4295442 -1000000 X 0 1 X 1 0 X X X 1 Board of Regents of the Nevada System of Higher Education 886000024 10 1 0 7859193 1 0 7859193 1 1 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 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. Part IV, Section A, Line 2: The 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. Part IV, Section D, Line 3: The 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. Part IV, Section E, Line 2a: The 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. Part IV, Section E, Line 2b: NHBC'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. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13893305 13893305 111413037 4663313 106749724 4062630 1325815 2736815 6284598 827537 5457061 128836905 Assets held for others 13890000 Other Liabilities 37720450 51610450 X 12766318 530049 7859193 8389242 4377076 1000000 1000000 5377076 12267296 3563751 3563751 8703545 0 8703545 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. X X X 0 0 0 0 0 0 0 0 0 Kim Case-Nichols Chief Operating Officer 175100 0 20000 0 0 0 7804 0 0 0 202904 0 0 0 Maureen Schafer CEO/President (Thru 03/24) 177516 0 0 0 0 0 4597 0 1438 0 183551 0 0 0 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. Form 990, Part XI, line 9: Return Donations Previously Provided Per Donor Request -1,000,000. 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