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Nonprofiteer
← NEBRASKA MEDICAL FOUNDATION INC

Form 990 for tax year 2024

Filed by NEBRASKA MEDICAL FOUNDATION INC.

Totals

Total revenue
$310,115
Total expenses
$380,375
Contributions and grants received
$170,383
Grants paid
$247,380
Program service revenue
$0
Investment income
$139,732
Other revenue
$0
Total assets, end of year
$1,737,778
Total liabilities, end of year
$64,976
Net assets or fund balances, end of year
$1,672,802
Program services expenses (Part IX)
$344,676
Management and general expenses
$35,699
Fundraising expenses
$0
Program service expenses (Part III)
$344,676

Program services were 90.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $170,383

  • 3 · Investment income

    total $44,703 · excluded $44,703

  • 7a · Gross sales of assets other than inventory

    securities $457,572

  • 7b · Less cost or other basis and sales expenses

    securities $362,543

  • 7c · Gain or loss

    securities $95,029

  • 7d · Net gain or loss

    total $95,029 · excluded $95,029

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $211,880 · program services $211,880

  • 2 · Grants to domestic individuals

    total $35,500 · program services $35,500

  • 11a · Fees: management

    total $22,500 · program services $20,250 · management and general $2,250

  • 11b · Fees: legal

    total $15,246 · management and general $15,246

  • 11c · Fees: accounting

    total $5,875 · management and general $5,875

  • 11f · Fees: investment management

    total $6,994 · management and general $6,994

  • 13 · Office expenses

    total $5,334 · management and general $5,334

  • 24a · Other expenses: RIGHT REFLECTION

    total $67,046 · program services $67,046

  • 24b · Other expenses: SUSAN PICOTTE RESTORATI

    total $10,000 · program services $10,000

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $181,739 · end of year $58,514

  • 12 · Investments: other securities

    beginning of year $1,510,239 · end of year $1,679,264

  • 17 · Accounts payable and accrued expenses

    beginning of year $43,452 · end of year $64,976

  • 27 · Net assets without donor restrictions

    beginning of year $1,039,548 · end of year $1,215,377

  • 28 · Net assets with donor restrictions

    beginning of year $608,978 · end of year $457,425

Mission and programs · 2024

Mission

TO SUPPORT ACTIVITIES, INCLUDING THE AWARDING OF SCHOLARSHIPS TO MEDICAL STUDENTS, PROMOTE THE WELLNESS AND HEALTH OF CITIZENS IN NEBRASKA, PROVIDE EDUCATION ON MEDICAL SUBJECTS, AND OTHER RESEARCH PROJECTS CONSISTENT WITH ITS ACTIVITIES.

Activities or mission (Part I)

TO ADVANCE MEDICAL TECHNOLOGY AND EDUCATION

  • EXPENSES INCURRED REGARDING ADMINISTERING CONTRIBUTIONS MADE FOR THE PURPOSE OF ADVANCING MEDICAL TECHNOLOGY AND EDUCATION.

    Expenses $344,676 · Grants $247,380

As filed on the 2024 return.

Listed in Part VII

  • Patrick Hotovy MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gerald Luckey MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Massey MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paul Esposito MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tom Williams MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Maria Michaelis MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nila Novotny MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Todd Hlavaty MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bob Bleicher MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Abigail Drucker MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paul Paulman MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Rapp MD

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Amy Reynoldson

    PRESIDENT

    Total calculated
    $176,310
    From this org
    $0
    From related orgs
    $176,310
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $176,310 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $176,310 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
25 November 2025
IRS schema version
2024v5.2
Source object
202503359349300920

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