2023-11-10T17:24:02-06:00 2022-12-31 450250958 Eide Bailly LLP 5929 Fashion Point Dr Ste 300 Ogden UT 844034684 990 2022-01-01 843753195 Nevada Health and Bioscience Asset Corporation NEVA 7024835705 1930 Village Center Cir 3-805 Las Vegas NV 89134 Maureen Schafer President & CEO 7024835705 2023-11-08 1 Maureen Schafer 999009999 1 Chett Campbell CPA P01301037 8016211575 2023-11-08 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Maureen Schafer 1930 Village Center Cir 3-805 Las Vegas NV 89134 41486836 0 X nevadahbc.org X 2019 NV Established for healthcare research, education and clinical programming, and asset development. 7 6 1 6 0 0 78445195 41034287 0 0 20382 286786 0 0 78465577 41321073 0 0 0 0 272624 275202 0 0 82561 672152 728045 944776 1003247 77520801 40317826 133437634 160599179 31066262 17909981 102371372 142689198 X The Nevada Health and Bioscience Asset Corporation (NHBAC) is a non-profit corporation comprised of significant Nevada leaders seeking partners for cutting-edge discovery and creativity in healthcare research, education and clinical programming and asset development. With a primary objective of increasing the availability of and access to Nevada's health care services for those who need it, NHBAC will establish Southern Nevada as an innovator and hub for business in the health and bioscience industries. 0 0 298606 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. 298606 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 1 0 0 0 0 1 0 0 0 1 3 0 1 1 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 Maureen Schafer 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 260000 0 0 260000 0 0 1 0 1 0 Fabian VanCott 95 S State St 2300 Salt Lake City UT 84111 Legal 141920 1 41034287 165763 41034287 286786 286786 165763 165763 0 41321073 0 0 286786 260000 78000 104000 78000 15202 4561 6080 4561 166124 166124 69564 69564 40577 40577 3220 3220 9454 9454 212825 212825 223192 223192 Board Expenses 3089 3089 1003247 298606 622080 82561 49981794 9676377 20601111 0 163448 53528 59032 130262659 0 83238864 130262659 0 0 133437634 160599179 15004157 1671290 16062105 16238691 31066262 17909981 X 102371372 142689198 102371372 142689198 133437634 160599179 40317826 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 298606 1 0 298606 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 Board 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 116369354 116369354 130262659 Retainage Payable 2348691 Grant Advance Liability 13890000 16238691 X 41321073 0 41321073 0 41321073 1003247 0 1003247 0 1003247 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. X X X 0 0 0 0 0 0 0 0 0 Maureen Schafer CEO/President 260000 0 0 0 0 0 0 0 0 0 260000 0 0 0 X 2900 165763 FMV 0 1 0 Part I, Column (b): The organization is reporting the number of items (shares) received. 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 State of Nevada website. Financial statements are available 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