Nonprofit · EIN 84-3753195
NEVADA HEALTH AND BIOSCIENCE ASSET CORPORATION
Tax-exempt · LAS VEGAS, NV 89101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,377,076 | $8,703,545 | -$3,326,469 | $177,692,754 | $68,052,771 | $109,639,983 |
| December 31, 2023 | 990 | $12,613,457 | $4,551,119 | $8,062,338 | $200,453,008 | $91,312,047 | $109,140,961 |
| December 31, 2021 | 990 (amended) | $78,465,577 | $944,776 | $77,520,801 | $133,437,634 | $31,066,262 | $102,371,372 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,244,985
- Program service revenue
- $0
- Investment income
- $2,132,091
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $386,454
- Other salaries and wages
- $98,740
- Salaries, compensation and benefits (total)
- $540,804
- Professional fundraising fees
- $0
- Legal fees
- $668,033
- Accounting fees
- $316,115
- Travel
- $1,740
- Depreciation
- $4,177,594
- Program services (functional)
- $7,816,964
- Management and general (functional)
- $756,881
- Fundraising (functional)
- $129,700
Balance sheet and other
- Total assets, start of year
- $200,453,008
- Total assets, end of year
- $177,692,754
- Total liabilities, end of year
- $68,052,771
- Net assets, end of year
- $109,639,983
- Land, buildings and equipment
- $128,836,905
- Net assets without donor restrictions
- $96,411,732
- Net assets with donor restrictions
- $13,228,251
- Gross receipts
- $5,377,076
- Employees
- 4
- Volunteers
- 7
- Year formed
- 2019
- State of legal domicile
- NV
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Kim Case-Nichols | Chief Operating Officer Key employee | 40 | $195,100 | $7,804 |
| Maureen Schafer | CEO/President (Thru 03/24) Trustee or director, Officer | 40 | $177,516 | $6,035 |
| James C Waddoups | CEO/President (From 04/24) Officer | 40 | $0 | $0 |
| Kris Engelstad McGarry | Secretary Trustee or director, Officer | 0.5 | $0 | $0 |
| Lindy Schumacher | Treasurer Trustee or director, Officer | 0.5 | $0 | $0 |
| John R Bailey | Director Trustee or director | 0.1 | $0 | $0 |
| MaryKaye Cashman | Director Trustee or director | 0.1 | $0 | $0 |
| Andrew Artusa | Director Trustee or director | 0.1 | $0 | $0 |
| Dr Anthony Marlon | Director (From 9/24) Trustee or director | 0.1 | $0 | $0 |
| Dr Robert McBeath | Director (From 9/24) Trustee or director | 0.1 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Maureen Schafer | CEO/President Trustee or director, Officer | 40 | $266,003 | $1,797 |
| Kris Engelstad McGarry | Secretary Trustee or director, Officer | 0.5 | $0 | $0 |
| Lindy Schumacher | Treasurer Trustee or director, Officer | 0.5 | $0 | $0 |
| John R Bailey | Director Trustee or director | 0.1 | $0 | $0 |
| MaryKaye Cashman | Director Trustee or director | 0.1 | $0 | $0 |
| Marianne Johnson | Director Trustee or director | 0.1 | $0 | $0 |
| Andrew Artusa | Director Trustee or director | 0.1 | $0 | $0 |
990 for the year ended December 31, 2021: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Maureen Schafer | CEO/President Trustee or director, Officer | 40 | $260,000 |
| Kris Engelstad McGarry | Secretary Trustee or director, Officer | 0.5 | $0 |
| Lindy Schumacher | Treasurer Trustee or director, Officer | 0.5 | $0 |
| Nick Santoro | Director Trustee or director | 0.1 | $0 |
| MaryKaye Cashman | Director Trustee or director | 0.1 | $0 |
| Marianne Johnson | Director Trustee or director | 0.1 | $0 |
| Andrew Artusa | Director Trustee or director | 0.1 | $0 |
Address and contacts
- Address (IRS master file)
- 411 E BONNEVILLE AVE SUITE 40, LAS VEGAS, NV 89101-6632
- In care of
- % JAMES C WADDOUPS FABIAN VANCOTT
- Principal officer (990 for 2024)
- Lindy Schumacher, 2275 Corporate Circle Suite 220, Henderson, NV 89074
- Signed the 990
- Lindy Schumacher, Treasurer
- Phone
- (702) 483-5705
- Website
- nevadahbc.org
- Return prepared by
- Eide Bailly LLP
Mission
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.
Program accomplishments
- 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.Expenses $7,816,964
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 84-3753195
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type III functionally integrated
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $177,692,754
- Income (IRS master file)
- $5,377,076
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,377,076 | $8,703,545 | $177,692,754 | XML |
| 990 | December 2023 | $12,613,457 | $4,551,119 | $200,453,008 | XML |
| 990 | December 2022 | $41,321,073 | $1,003,247 | $160,599,179 | IRS |
| 990 | December 2021 | $78,465,577 | $944,776 | $133,437,634 | XML |
| 990 | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 84-3753195).
Questions about NEVADA HEALTH AND BIOSCIENCE ASSET CORPORATION
- What is the EIN of NEVADA HEALTH AND BIOSCIENCE ASSET CORPORATION?
- The employer identification number (EIN) of NEVADA HEALTH AND BIOSCIENCE ASSET CORPORATION is 84-3753195.
- Is NEVADA HEALTH AND BIOSCIENCE ASSET CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to NEVADA HEALTH AND BIOSCIENCE ASSET CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does NEVADA HEALTH AND BIOSCIENCE ASSET CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NEVADA HEALTH AND BIOSCIENCE ASSET CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEVADA HEALTH AND BIOSCIENCE ASSET CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NEVADA HEALTH AND BIOSCIENCE ASSET CORPORATION?
- The 990 for the year ended December 31, 2024 names Lindy Schumacher.
- Who are the officers and directors of NEVADA HEALTH AND BIOSCIENCE ASSET CORPORATION?
- The 990 for the year ended December 31, 2024 lists 10 people; 2 received compensation from the organization, the highest $195,100 (Kim Case-Nichols, Chief Operating Officer).
- How much revenue does NEVADA HEALTH AND BIOSCIENCE ASSET CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,377,076, expenses of $8,703,545 and total assets of $177,692,754 at year end.
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