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Nonprofiteer
← Nova Southeastern University Health Professions Division Foundation Inc

Form 990 for tax year 2022

Filed by Nova Southeastern University Health Professions Division Foundation Inc.

Totals

Total revenue
$33,584
Total expenses
$2,273,889
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$33,584
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$2,269,382
Management and general expenses
$4,507
Fundraising expenses
$0
Program service expenses (Part III)
$2,269,382

Program services were 99.8% 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.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $27,751 · related or exempt $27,751

  • 7a · Gross sales of assets other than inventory

    securities $55,577

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

    securities $49,744

  • 7c · Gain or loss

    securities $5,833

  • 7d · Net gain or loss

    total $5,833 · related or exempt $5,833

Functional expenses

Part IX, the statement of functional expenses.

  • 11f · Fees: investment management

    total $4,507 · management and general $4,507

  • 24a · Other expenses: Transfer upon dissoluti

    total $2,269,382 · program services $2,269,382

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $207,019 · end of year $0

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $5,024,076 · end of year $0

  • 12 · Investments: other securities

    beginning of year $1,854,121 · end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 25 · Other liabilities

    beginning of year $4,678,537 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $2,406,679 · end of year $0

Mission and programs · 2022

Mission

The mission of Nova Southeastern University Health Professions Division Foundation is to support the healthcare professions division and enhance access to and the quality of health care provided to rural, underserved, and indigent populations and communities through student service learning projects, professional education, recruitment and retention programs.

Activities or mission (Part I)

To support the Health Professions Division of Nova Southeastern University, Inc.

  • To support the Health Professions Division of Nova Southeastern University, Inc.and to support other programs of Nova Southeastern University, Inc.

    Expenses $2,269,382

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

Listed in Part VII

  • George L Hanbury II

    Trustee

    Total calculated
    $1,305,071
    From this org
    $0
    From related orgs
    $1,251,132
    Other
    $53,939
    Hours/week
    0.1 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $803,178 related
    Bonus
    $0
    Other
    $0 + $447,954 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $23,439 related
    Filer's total
    $0 + $1,305,071 related

  • Jay Tischenkel

    Treasurer

    Total calculated
    $28,465
    From this org
    $0
    From related orgs
    $25,800
    Other
    $2,665
    Hours/week
    0.1 + 37.5 related

  • Anthony Ottaviani

    Asst. Exec. Dir.

    Total calculated
    $0
    Hours/week
    0.1 + 1.5 related

  • Barry Silverman

    Chairman

    Total calculated
    $0
    Hours/week
    0.1 + 2 related

  • Ronald Assaf

    Trustee

    Total calculated
    $0
    Hours/week
    0.1 + 2 related

  • Robert Barron

    Trustee

    Total calculated
    $0
    Hours/week
    0.1

  • Howard Braverman

    Trustee

    Total calculated
    $0
    Hours/week
    0.1

  • Jerome Chermack

    Trustee

    Total calculated
    $0
    Hours/week
    0.1

  • David Glassman

    Trustee

    Total calculated
    $0
    Hours/week
    0.1 + 1.5 related

  • Jeffrey S Grove

    Trustee

    Total calculated
    $0
    Hours/week
    0.1

  • Dana Altschul Haimo

    Trustee

    Total calculated
    $0
    Hours/week
    0.1

  • Claude L Jones

    Trustee

    Total calculated
    $0
    Hours/week
    0.1

  • Mel Krohn

    Trustee

    Total calculated
    $0
    Hours/week
    0.1

  • Lloyd Moriber

    Trustee

    Total calculated
    $0
    Hours/week
    0.1

  • Charles Palmer

    Trustee

    Total calculated
    $0
    Hours/week
    0.1 + 3 related

  • Beny Rub

    Trustee

    Total calculated
    $0
    Hours/week
    0.1

  • Joel Rush

    Trustee

    Total calculated
    $0
    Hours/week
    0.1

  • Sandra Schwemmer

    Trustee

    Total calculated
    $0
    Hours/week
    0.1

  • Phillip Shettle

    Trustee

    Total calculated
    $0
    Hours/week
    0.1

  • Kenneth Tate

    Trustee

    Total calculated
    $0
    Hours/week
    0.1 + 2 related

  • Joel Wilentz

    Trustee

    Total calculated
    $0
    Hours/week
    0.1

  • Frederick Lippman

    Executive Director

    Total calculated
    $610,962
    From this org
    $0
    From related orgs
    $578,456
    Other
    $32,506
    Hours/week
    1.2 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $507,145 related
    Bonus
    $0
    Other
    $0 + $71,311 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $2,006 related
    Filer's total
    $0 + $610,962 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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2022
Filed
7 February 2024
IRS schema version
2022v5.0
Source object
202420389349301137

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