Form 990 for tax year 2022

Totals

Total revenue

$41,321,073

Total expenses

$1,003,247

Contributions and grants received

$41,034,287

Grants paid

$0

Program service revenue

$0

Investment income

$286,786

Other revenue

$0

Total assets, end of year

$160,599,179

Total liabilities, end of year

$17,909,981

Net assets or fund balances, end of year

$142,689,198

Program services expenses (Part IX)

$298,606

Management and general expenses

$622,080

Fundraising expenses

$82,561

Program service expenses (Part III)

$298,606

Program services were 29.8% 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.

Mission and programs · 2022

• 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.

  Expenses $298,606

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

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.

• Board of Regents of the Nevada System of Higher Education

  501(c)(3) · Education · NV

Provenance

Return type

form_990

Tax year

2022

Filed

8 November 2023

IRS schema version

2022v5.0

Source object

202313149349304996

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