Nehi INC FY2020 filing

Boston, MAUnknown exempt organizationEIN 01-0624865

Nehi's mission is to solve complex problems and achieve value in health care by fostering interdisciplinary collaboration and innovation.

65¢ of each $1 spent went to programs.
$485K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $7K a year · under 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
65%
of spending
Worth a look: 65% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$485K
to officers and key staff · 37% of spending
Concern: pay to officers and key staff is 37% of spending; over 30%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$730K
158% of total assets
Concern: liabilities are 158% of assets; over 80%.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$978K
Spent
$1.3M
To programs
65%
Net assets
−$269K
By yearFY2020–FY2024
Revenue
$978K
FY2020
Revenue by fiscal year
FY2020$978K
FY2021$1.8M
FY2022$2.1M
FY2023$1.5M
FY2024$1.4M
Expenses
$1.3M
FY2020
Expenses by fiscal year
FY2020$1.3M
FY2021$1.6M
FY2022$1.8M
FY2023$1.7M
FY2024$1.4M
Net assets
−$269K
FY2020
Net assets by fiscal year
FY2020−$269K
FY2021−$64K
FY2022$200K
FY2023$23K
FY2024$0

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

65 cents of each dollar spent went to programs.

Program services 65% · $853K Management & general 35% · $461K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

23 people listed on the 990; $485K paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$270,292Pt VII · Sec A
Vice President-Policy Rese
$167,534Pt VII · Sec A
Exec. Dir. (until 2/15/2020)
$46,858Pt VII · Sec A
Director (since Oct '20)
$0Pt VII · Sec A
Director (since Apr '20)
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Wendy Warring Jd$282,930$270,032$309,369$304,296$270,292
Thomas Hubbard$245,380$181,922$181,623$175,805$167,534
Stephen B Herskovitz—$171,794$149,509——
Claire Cruse—$147,028———
Valerie Fleishman————$46,858

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Nehi INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Fosters collaboration and innovation to solve complex healthcare problems and improve value.

Provided by the organization

This section is blank until Nehi INC claims this page.

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3 program services account for $284K of program spending, described in the organization's own filed words · FY2020.
01

Patient Safety

Nehi received a $265,650 award from the pittsburgh-based jewish healthcare foundation (JHF) to collaborate with the foundation on the swerve initiative, an initiative to revive major action to improve patient safety throughout the U.S. Health care system.

$173Kprogram expense
02

Adult Immunization

In 2020 nehi received $80,000 in support from multiple organizations (pfizer, johnson & johnson, the STC corporation) to convene a series of summit-style webinars on the then-pending challenges of mass vaccination against COVID-19.

$93Kprogram expense
03

Patient Stakes in Value-Based Arrangements

In 2020 nehi completed work on its project on patients and their role in health care payer-pharmaceutical manufacturer value-based arrangements (vbas), a project that started in with a december 2019 event in washington. A second, all-virtual event was held in february 2020, followed by publication of a white paper in october 2020

$19Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$978K
Ln 12
Gifts and grantsLn 1h$498K
Fees for servicesLn 2g$470K
Other incomeLn 4–11$8K
Money outPt IX
$1.3M
Ln 25
Programscol B$853K
Managementcol C$461K
Owns and owesPt X
−$269K
net assets · Ln 32
Cash and savingsLn 1–2$200K
Total assetsLn 16$461K
LiabilitiesLn 26$730K
PeoplePt VI, VII
23
listed · VII A
PaidVII A3
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$498K
Fees for servicesLn 2g$470K
Investment incomeLn 3$741
Other incomeLn 4–11$8K
Total revenueLn 12$978K
Assets in detailPt X, end of year
CashLn 1$98K
SavingsLn 2$102K
Cash and savings togetherLn 1–2$200K
Land, buildings, equipmentLn 10c$219K
Other assetsLn 15$31K
Total assetsLn 16$461K
LiabilitiesLn 26$730K
Net assetsLn 32−$269K
OperationsPt I, VI
EmployeesI 519
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$420K$200K
Land, buildings, equipmentLn 10c$294K$219K
Total assetsLn 16$764K$461K
LiabilitiesLn 26$696K$730K
Net assetsLn 32$68K−$269K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$544K$480K$64K
Other salaries and wagesLn 7$297K$102K$195K
Other employee benefitsLn 9$58K$32K$26K
Payroll taxesLn 10$53K$36K$17K
Accounting feesLn 11c$69K$69K
Other fees for servicesLn 11g$14K$14K
Office expensesLn 13$27K$18K$9K
Information technologyLn 14$36K$26K$11K
OccupancyLn 16$95K$68K$28K
Conferences, conventions and meetingsLn 19$16K$16K$311
InterestLn 20$2K$2K
Depreciation, depletion and amortizationLn 22$82K$59K$24K
InsuranceLn 23$5K$3K$1K
Other expenses (24a–d)Ln 24$17K$14K$2K
Total functional expensesLn 25$1.3M$853K$461K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.4M$1.4M−$23K$0 990 PDF
FY2023 $1.5M$1.7M−$142K$23K 990 PDF
FY2022 $2.1M$1.8M$264K$200K 990 PDF
FY2021 $1.8M$1.6M$205K−$64K 990 PDF
FY2020 Viewing $978K$1.3M−$337K−$269K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $977,558 across 7 lines filed
VIII-1b Membership dues$34,800
VIII-1f All other contributions, gifts and grants$463,357
VIII-1h Total contributions, gifts and grants$498,157
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $470,500$470,500
VIII-3 Investment incomeExcluded from tax $741$741
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $8,160$8,160
VIII-12 Total revenueRelated to mission $470,500 · Unrelated business $0 · Excluded from tax $8,901$977,558
Part IX · Statement of functional expenses $1,314,682 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $479,967 · Management $63,668$543,635
IX-7 Other salaries and wagesPrograms $101,679 · Management $194,992$296,671
IX-9 Other employee benefitsPrograms $31,934 · Management $26,472$58,406
IX-10 Payroll taxesPrograms $36,026 · Management $16,741$52,767
IX-11c Accounting feesManagement $69,400$69,400
IX-11g Other fees for servicesManagement $13,909$13,909
IX-13 Office expensesPrograms $18,119 · Management $8,524$26,643
IX-14 Information technologyPrograms $25,792 · Management $10,603$36,395
IX-16 OccupancyPrograms $67,594 · Management $27,787$95,381
IX-19 Conferences, conventions and meetingsPrograms $15,683 · Management $311$15,994
IX-20 InterestManagement $1,761$1,761
IX-22 Depreciation, depletion and amortizationPrograms $58,712 · Management $23,611$82,323
IX-23 InsurancePrograms $3,266 · Management $1,343$4,609
IX-24 Other expenses (24a–d)Programs $14,445 · Management $2,343$16,788
IX-25 Total functional expensesPrograms $853,217 · Management $461,465 · Fundraising $0$1,314,682
Part X · Balance sheet $461,139 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $80,503$98,386
X-2 Savings and temporary cash investmentsStart of year $339,807$102,047
X-9 Prepaid expenses and deferred chargesStart of year $19,187$11,168
X-10c Land, buildings and equipment, netStart of year $294,063$218,891
X-15 Other assetsStart of year $30,646$30,647
X-16 Total assetsStart of year $764,206$461,139
X-17 Accounts payable and accrued expensesStart of year $116,079$140,258
X-19 Deferred revenueStart of year $222,050$165,800
X-24 Unsecured notes and loans payable$147,500
X-25 Other liabilitiesStart of year $357,645$276,273
X-26 Total liabilitiesStart of year $695,774$729,831
X-27 Net assets without donor restrictionsStart of year −$130,934−$602,192
X-28 Net assets with donor restrictionsStart of year $199,366$333,500
X-32 Total net assets or fund balancesStart of year $68,432−$268,692
X-33 Total liabilities and net assetsStart of year $764,206$461,139
Part XI · Reconciliation of net assets −$268,692 net assets at year end
XI-1 Total revenue$977,558
XI-2 Total expenses$1,314,682
XI-3 Revenue less expenses−$337,124
XI-4 Net assets at start of year$68,432
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$268,692

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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