EIN 84-3753195

Nevada Health and Bioscience Asset Corporation

IRS 501(c) type
501(c)(3)
Num. employees
1
State
Year formed
2019
Most recent tax filings
2022-12-01
Description
Nevada Health and Bioscience Asset Corporation (NHBAC) was incorporated on May 30, 2019 and submitted their application for exempt status which was approved by the IRS effective on the date of incorporation.The Kirk Kerkorian Medical Education Buildin...
Total revenues
$41,321,073
2022
Total expenses
$1,003,247
2022
Total assets
$160,599,179
2022
Num. employees
1
2022

Program areas at Nevada Health and Bioscience Asset Corporation

Nevada Health and Bioscience Asset Corporation (NHBAC) was incorporated on May 30, 2019 and submitted their application for exempt status which was approved by the IRS effective on the date of incorporation. The Kirk Kerkorian Medical Education Building at UNLV broke ground on October 29th, 2019. It is on track for completion in October of 2022, well ahead of the NSHE UNLV/NHBC development agreement completion date of 2025.(Continued on Schedule O)The 135,000 sq. ft., 5 story building will house the education component for the Kirk Kerkorian school of Medicine at UNLV, a required element for the School's full accreditation. This will also allow the School to increase its current 60 students per class to upwards of up to 120 students per class. The building will contain state-of-the-art education space, simulation center facilities, 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.

Who funds Nevada Health and Bioscience Asset Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Engelstad Family FoundationProgram Support$15,006,947
The Boyd FoundationNonrestricted$200,000

Personnel at Nevada Health and Bioscience Asset Corporation

NameTitleCompensation
Maureen SchaferPresident and Chief Executive Officer$260,000
Lindy SchumacherTreasurer$0
Kris Engelstad McGarrySecretary$0

Financials for Nevada Health and Bioscience Asset Corporation

RevenuesFYE 12/2022
Total grants, contributions, etc.$41,034,287
Program services$0
Investment income and dividends$286,786
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$41,321,073

Form 990s for Nevada Health and Bioscience Asset Corporation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-10990View PDF
2021-122024-02-01990View PDF
2021-122022-11-14990View PDF
2020-122021-11-15990View PDF
2019-122021-11-15990EZView PDF
Data update history
January 24, 2024
Updated personnel
Identified 1 new personnel
January 23, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 3, 2024
Used new vendors
Identified 1 new vendor, including
December 28, 2023
Received grants
Identified 1 new grant, including a grant for $15,006,947 from Engelstad Family Foundation
July 23, 2023
Received grants
Identified 1 new grant, including a grant for $200,000 from The Boyd Foundation
Nonprofit Types
Real estate organizationsMedical research organizationsHeadquarter / parent organizationsCharities
Issues
Health
Characteristics
Conducts researchPartially liquidatedState / local levelTax deductible donations
General information
Address
1930 Village Cir 3-805
Las Vegas, NV 89134
Metro area
Las Vegas-Henderson-Paradise, NV
County
Clark County, NV
Website URL
nevadahbc.org/ 
Phone
(702) 483-5705
IRS details
EIN
84-3753195
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2019
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
H90: Medical Specialty Research
NAICS code, primary
5313: Real Estate Services
Parent/child status
Central organization
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