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Nonprofiteer
← NOVA INSTITUTE FOR HEALTH INC

Form 990 for tax year 2023

Filed by NOVA INSTITUTE FOR HEALTH INC.

Totals

Total revenue
$2,454,564
Total expenses
$2,865,971
Contributions and grants received
$2,273,786
Grants paid
$650,458
Program service revenue
$1,690
Investment income
$179,088
Other revenue
$0
Total assets, end of year
$12,063,417
Total liabilities, end of year
$741,141
Net assets or fund balances, end of year
$11,322,276
Program services expenses (Part IX)
$2,378,165
Management and general expenses
$270,028
Fundraising expenses
$217,778
Program service expenses (Part III)
$2,378,165

Program services were 83.0% 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

    $2,273,786

  • 2a · Program service revenue: OTHER INCOME

    total $1,690 · unrelated business $0 · excluded $1,690

  • 3 · Investment income

    total $153,795 · unrelated business $0 · excluded $153,795

  • 7a · Gross sales of assets other than inventory

    securities $2,601,648

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

    securities $2,576,355

  • 7c · Gain or loss

    securities $25,293

  • 7d · Net gain or loss

    total $25,293 · related or exempt $0 · unrelated business $0 · excluded $25,293

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $202,338 · program services $202,338

  • 2 · Grants to domestic individuals

    total $448,120 · program services $448,120

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $1,162,032 · program services $867,796 · management and general $150,736 · fundraising $143,500

  • 7 · Other salaries and wages

    total $372,658 · program services $323,876 · management and general $17,375 · fundraising $31,407

  • 8 · Pension plan contributions

    total $28,548 · program services $23,431 · management and general $3,510 · fundraising $1,607

  • 9 · Other employee benefits

    total $22,880 · program services $17,118 · management and general $3,014 · fundraising $2,748

  • 10 · Payroll taxes

    total $72,531 · program services $55,559 · management and general $8,889 · fundraising $8,083

  • 11b · Fees: legal

    total $998 · program services $0 · management and general $998 · fundraising $0

  • 11c · Fees: accounting

    total $15,578 · program services $0 · management and general $15,578 · fundraising $0

  • 11f · Fees: investment management

    total $17,142 · program services $0 · management and general $17,142 · fundraising $0

  • 11g · Fees: other

    total $117,390 · program services $110,218 · management and general $7,172 · fundraising $0

  • 13 · Office expenses

    total $53,679 · program services $39,847 · management and general $10,020 · fundraising $3,812

  • 14 · Information technology

    total $32,901 · program services $31,291 · management and general $843 · fundraising $767

  • 16 · Occupancy

    total $119,476 · program services $91,519 · management and general $14,642 · fundraising $13,315

  • 17 · Travel

    total $19,836 · program services $17,769 · management and general $1,323 · fundraising $744

  • 19 · Conferences, conventions and meetings

    total $33,606 · program services $31,152 · management and general $679 · fundraising $1,775

  • 22 · Depreciation, depletion and amortization

    total $79,813 · program services $61,137 · management and general $9,781 · fundraising $8,895

  • 23 · Insurance

    total $9,024 · program services $4,534 · management and general $3,830 · fundraising $660

  • 24a · Other expenses: HONORARIA

    total $36,000 · program services $36,000 · management and general $0 · fundraising $0

  • 24b · Other expenses: PAYROLL PROCESSING

    total $1,478 · program services $1,132 · management and general $181 · fundraising $165

  • 24c · Other expenses: TAX FILING FEE

    total $300 · program services $0 · management and general $0 · fundraising $300

  • 24d · Other expenses: CHARITABLE CONTRIBUTIONS

    total $3,600 · program services $3,600 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $16,043 · program services $11,728 · management and general $4,315 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $77,870 · end of year $181,796

  • 3 · Pledges and grants receivable

    beginning of year $232,626 · end of year $90,976

  • 9 · Prepaid expenses and deferred charges

    beginning of year $18,284 · end of year $29,687

  • 10a · Land, buildings and equipment: cost or other basis

    $1,687,993

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,470,413

  • 10c · Land, buildings and equipment, net

    beginning of year $280,077 · end of year $217,580

  • 11 · Investments: publicly traded securities

    beginning of year $4,340,251 · end of year $4,336,609

  • 15 · Other assets

    beginning of year $7,183,960 · end of year $7,206,769

  • 17 · Accounts payable and accrued expenses

    beginning of year $100,474 · end of year $98,827

  • 18 · Grants payable

    beginning of year $501,245 · end of year $627,314

  • 19 · Deferred revenue

    beginning of year $61,389 · end of year $15,000

  • 27 · Net assets without donor restrictions

    beginning of year $11,336,182 · end of year $11,038,498

  • 28 · Net assets with donor restrictions

    beginning of year $133,778 · end of year $283,778

Mission and programs · 2023

Mission

SEE SCHEDULE O

  • DEMONSTRATION PROJECTS: PART OF OUR WORK IS TO EXPLORE, DEVELOP, AND TEST NEW MODELS AND APPROACHES FOR HEALTH AND HEALING. THESE INCLUDE SCALABLE, REPLICABLE DEMONSTRATION PROJECTS THAT ARE BASED ON RIGOROUS RESEARCH AND HAVE REAL-LIFE IMPACT. THEY HAVE INCLUDED HELPING YOUTH IN VULNERABLE COMMUNITIES LEARN ABOUT WELLNESS AND NUTRITION, DEVELOPING CULINARY MEDICINE CURRICULUM FOR MEDICAL STUDENTS, HELPING VETERANS AND HOSPITALIZED MILITARY SUFFERING FROM TRAUMA, AND RE-ENVISIONING PRIMARY CARE TO MAXIMIZE ITS CAPACITY TO RECOGNIZE AND ADDRESS THE MYRIAD FACTORS THAT INFLUENCE A PERSONS HEALTH.

    Expenses $899,420

  • CONVENE FORUMS/TRAIN PROFESSIONALS: THE INSTITUTE CONVENES FORUMS TO FACILITATE THE EXCHANGE OF IDEAS, CONNECT THE DOTS ACROSS DISCIPLINES, ADVANCE SCIENCE, AND INSPIRE CREATIVITY AND IMAGINATION. FORUMS BRING TOGETHER ECLECTIC GROUPS THAT MAY INCLUDE SCIENTISTS, CONVENTIONAL AND INTEGRATIVE PRACTIONERS, COMMUNITY LEADERS, FUNDERS, ADVOCATES, AND POLICYMAKERS TO ENGAGE IN OPEN DIALOGUE, SHARING OF EXPERTISE, PROBLEMS FACED, AND SOLUTIONS SOUGHT. THE INSTITUTES TRAINING PROGRAMS ENABLE HEALTH PROFESSIONALS TO GAIN CAREER ENHANCING SKILLS AND KNOWLEDGE THAT ADVANCE AN INTEGRATIVE APPROACH TO HEALTH AND WELL-BEING.

    Expenses $287,516

  • SCHOLARS/FELLOWS PROGRAM: THE INSTITUTE SUPPORTS A NETWORK OF SCHOLARS AND FELLOWS THAT WORKS ACROSS DISCIPLINES TO INVESTIGATE CRITICAL QUESTIONS, SPARK FRESH THINKING AND NEW IDEAS, AND DISCOVER CUTTING-EDGE SOLUTIONS. THE INSTITUTE PROVIDES SUPPORT FOR RESEARCH AND PROJECTS UNLIKELY TO ATTRACT FUNDING FROM CONVENTIONAL SOURCES, AND PROVIDES FREEDOM AND RESOURCES TO TAKE THEIR WORK IN NEW, PIONEERING DIRECTIONS RELATED TO HEALTH AND WELL-BEING. THE INSTITUTE ALSO MENTORS AND SUPPORTS TALENTED YOUNG INNOVATORS WHO HAVE THE COURAGE TO PURSUE UNCHARTED COURSES.

    Expenses $938,821 · Grants $650,458

  • COMMUNICATION AND OUTREACH: WE RECOGNIZE THE IMPORTANCE OF GETTING SCIENCE AND EVIDENCE-BASED INFORMATION TO MANY DIFFERENT AUDIENCES IN UNDERSTANDABLE AND ENGAGING FORMATS. WE WORK TO ENSURE OUR INNOVATIVE RESEARCH AND IDEAS REACH NATIONAL AND GLOBAL AUDIENCES AND CAN INSPIRE CHANGE THROUGH BETTER APPROACHES, PARTNERSHIPS AND POLICIES.

    Expenses $252,408

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Brian M Berman MD

    PRESIDENT/CHAIRMAN

    Total calculated
    $654,259
    From this org
    $578,299
    From related orgs
    $0
    Other
    $75,960
    Hours/week
    32

    Schedule J breakdown matched by us

    Base
    $578,299
    Bonus
    $0
    Other
    $0
    Deferred
    $66,000
    Nontaxable benefits
    $9,960
    Filer's total
    $654,259

  • Susan H Berman

    EXEC DIR/SECY/TREAS

    Total calculated
    $267,077
    From this org
    $213,684
    From related orgs
    $0
    Other
    $53,393
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $213,684
    Bonus
    $0
    Other
    $0
    Deferred
    $43,500
    Nontaxable benefits
    $9,893
    Filer's total
    $267,077

  • Kenneth Pelletier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Donald W Phillips

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Pete Succoso

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Rick Scott

    CHIEF OPERATING OFFICER

    Total calculated
    $241,043
    From this org
    $207,532
    From related orgs
    $0
    Other
    $33,511
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $207,532
    Bonus
    $0
    Other
    $0
    Deferred
    $15,046
    Nontaxable benefits
    $18,465
    Filer's total
    $241,043

  • Dawn Stoltzfus

    DIRECTOR OF STRATEGIC COMMUNICATIONS

    Total calculated
    $180,197
    From this org
    $158,015
    From related orgs
    $0
    Other
    $22,182
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,015
    Bonus
    $0
    Other
    $0
    Deferred
    $11,456
    Nontaxable benefits
    $10,726
    Filer's total
    $180,197

  • Mark Williams

    ACCTG & FINANCE MGR

    Total calculated
    $146,902
    From this org
    $133,322
    From related orgs
    $0
    Other
    $13,580
    Hours/week
    40

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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

The filer's explanations (Part III)

Other
IN 2017, THE INSTITUTE RECEIVED A LEGACY GIFT FROM AN ANONYMOUS
Other
FOUNDATION AND THESE FUNDS HAVE BEEN DESIGNATED TO COVER LEADERSHIP
Other
SALARIES. THIS DESIGNATION WILL ALLOW FUTURE PHILANTHROPIC SUPPORT
Other
TO BE APPLIED DIRECTLY TO PROGRAMS AND ACTIVITIES.

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

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • 1407 FLEET STREET INC

    C · REAL ESTATE RENTAL · MD · 100% owned · share of income -$153,729 · share of assets $5,626,013 · controlled entity

Provenance

Return type
form_990
Tax year
2023
Filed
14 October 2024
IRS schema version
2023v5.1
Source object
202402919349300700

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