Hida Educational Foundation FY2022 filing

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See part III, line 1.

501(c)(3) charity; gifts are tax-deductible.
59¢ of each $1 spent went to programs.
$825K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
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 $50K a year · 2% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
59%
of spending
Worth a look: 59% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$825K
to officers and key staff · 23% of spending
Worth a look: pay to officers and key staff is 23% of spending; over 20%.
Pt VII · Sec A
2 mo
of spending, in cash
Plus $1.7M in investments, Pt X · Ln 11–13
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.4M
60% of total assets
Fine: liabilities are 60% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
33
of 33 voting members
Looks good: 33 of 33 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.1M
+4% vs prior year
Spent
$3.6M
To programs
59%
Net assets
$974K
By yearFY2020–FY2024
Revenue
$3.1M
FY2022▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.9M
FY2021$3.0M
FY2022$3.1M
FY2023$3.6M
FY2024$3.7M
Expenses
$3.6M
FY2022▲ +31%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.9M
FY2021$2.7M
FY2022$3.6M
FY2023$3.8M
FY2024$3.7M
Net assets
$974K
FY2022▼ -38%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.3M
FY2021$1.6M
FY2022$974K
FY2023$924K
FY2024$970K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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 ruling in Feb 1978.

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

Where the money goes

59 cents of each dollar spent went to programs.

Program services 59% · $2.1M Management & general 30% · $1.1M Fundraising 12% · $414K

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

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Who runs it and what they're paid

38 people listed on the 990; $825K paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO Hida
$287,396Pt VII · Sec A
Executive Director
$285,787Pt VII · Sec A
VP, Finance & Operations
$107,143Pt VII · Sec A
Director, Conferences & Sponsorship
$78,035Pt VII · Sec A
VP, Government Affairs
$66,739Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Matthew J Rowan’s $274K as President & CEO Hida is at the 82nd percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Matthew J Rowan$273,670$310,618$287,396$308,422$266,252
Elizabeth Hilla$272,557$298,318$285,787$248,283$235,241
Balvinder Bains$124,260$120,500$107,143$99,995$94,437
Julie Berry$89,078$74,445$78,035$72,992$70,451
Linda Rouse O'Neill$45,543$72,723$66,739$66,912$63,109
Sharon Cohen———$63,093$60,835
Jennifer Gilbertson———$52,113$61,677
Wyeth Ruthven$24,731$39,398———

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.

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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

Conducts research on healthcare industry trends.

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3 programs · $2.1M · in their own filed words · FY2022
01

Training materials are designed for specific skills enhancement for members of the healthcare products distribution industry.

$944Kprogram expense
02

Seminars and conferences are designed to educate and train members of the healthcare products distribution industry on industry issues and business skills.

$734Kprogram expense
03

Research projects are for the study of trends in the healthcare industry.

$420Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$3.1M
Ln 12
Gifts and grantsLn 1h$2.3M
Fees for servicesLn 2g$976K
Investment incomeLn 3$24K
Money outPt IX
$3.6M
Ln 25
Programscol B$2.1M
Managementcol C$1.1M
Fundraisingcol D$414K
Owns and owesPt X
$974K
net assets · Ln 32
Cash and savingsLn 1–2$608K
Total assetsLn 16$2.4M
LiabilitiesLn 26$1.4M
PeoplePt VI, VII
38
listed · VII A
PaidVII A5
Voting boardVI 1a33
IndependentVI 1b33
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.3M
Fees for servicesLn 2g$976K
Investment incomeLn 3$24K
Gains on assetsLn 7−$201K
Total revenueLn 12$3.1M
Assets in detailPt X, end of year
CashLn 1$563K
SavingsLn 2$45K
Cash and savings togetherLn 1–2$608K
InvestmentsLn 11–13$1.7M
Land, buildings, equipmentLn 10c$25K
Total assetsLn 16$2.4M
LiabilitiesLn 26$1.4M
Net assetsLn 32$974K
OperationsPt I, VI
EmployeesI 50
VolunteersI 632
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 FY22End FY22
Cash and savingsLn 1–2$1.2M$608K
InvestmentsLn 11–13$2.1M$1.7M
Land, buildings, equipmentLn 10c$22K$25K
Total assetsLn 16$3.4M$2.4M
LiabilitiesLn 26$1.8M$1.4M
Net assetsLn 32$1.6M$974K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$826K$414K$277K$135K
Other salaries and wagesLn 7$990K$507K$335K$148K
Pension plan contributionsLn 8$33K$13K$10K$10K
Other employee benefitsLn 9$114K$46K$35K$33K
Payroll taxesLn 10$96K$49K$25K$23K
Legal feesLn 11b$32K$32K
Accounting feesLn 11c$11K$11K
Other fees for servicesLn 11g$264K$157K$102K$5K
Advertising and promotionLn 12$14K$14K
Office expensesLn 13$118K$88K$30K$830
Information technologyLn 14$14K$14K
OccupancyLn 16$109K$41K$44K$24K
TravelLn 17$422K$371K$48K$3K
Conferences, conventions and meetingsLn 19$253K$252K$2K
Depreciation, depletion and amortizationLn 22$13K$6K$3K$4K
Other expenses (24a–d)Ln 24$153K$122K$31K
All other expensesLn 24e$111K$5K$77K$29K
Total functional expensesLn 25$3.6M$2.1M$1.1M$414K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 7, 2025 $3.7M$3.7M−$16K$970K 990 PDF
FY2023Filed with the IRS Nov 4, 2024 $3.6M$3.8M−$172K$924K 990 PDF
FY2022 ViewingFiled with the IRS Nov 9, 2023 $3.1M$3.6M−$442K$974K 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $3.0M$2.7M$296K$1.6M 990 PDF
FY2020Filed with the IRS Nov 10, 2021 $2.9M$2.9M$82K$1.3M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $3,130,964 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,347,107$2,331,480
I-9 Program service revenuePrior year $564,877$975,903
I-10 Investment incomePrior year $109,010−$176,419
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $3,020,994$3,130,964
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,813,182$2,058,568
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $911,823$1,514,514
I-18 Total expensesPrior year $2,725,005$3,573,082
I-19 Revenue less expensesPrior year $295,989−$442,118
Part VI · Governance 33 of 33 board members independent, no flags
VI-1a Voting members of the governing body33
VI-1b Independent voting members33
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,130,964 across 6 lines filed
VIII-1f All other contributions, gifts and grants$2,331,480
VIII-1h Total contributions, gifts and grants$2,331,480
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $975,903$975,903
VIII-3 Investment incomeExcluded from tax $24,240$24,240
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$200,659−$200,659
VIII-12 Total revenueRelated to mission $975,903 · Unrelated business $0 · Excluded from tax −$176,419$3,130,964
Part IX · Statement of functional expenses $3,573,082 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $414,034 · Management $276,803 · Fundraising $134,672$825,509
IX-7 Other salaries and wagesPrograms $507,278 · Management $334,645 · Fundraising $148,211$990,134
IX-8 Pension plan contributionsPrograms $13,065 · Management $10,151 · Fundraising $9,539$32,755
IX-9 Other employee benefitsPrograms $45,659 · Management $35,474 · Fundraising $33,337$114,470
IX-10 Payroll taxesPrograms $48,570 · Management $24,575 · Fundraising $22,555$95,700
IX-11b Legal feesManagement $32,500$32,500
IX-11c Accounting feesManagement $10,979$10,979
IX-11g Other fees for servicesPrograms $156,556 · Management $102,089 · Fundraising $5,224$263,869
IX-12 Advertising and promotionPrograms $13,518$13,518
IX-13 Office expensesPrograms $87,524 · Management $29,990 · Fundraising $830$118,344
IX-14 Information technologyPrograms $13,600$13,600
IX-16 OccupancyPrograms $41,071 · Management $44,127 · Fundraising $24,062$109,260
IX-17 TravelPrograms $371,441 · Management $48,336 · Fundraising $2,512$422,289
IX-19 Conferences, conventions and meetingsPrograms $251,567 · Management $1,779$253,346
IX-22 Depreciation, depletion and amortizationPrograms $6,360 · Management $2,551 · Fundraising $3,698$12,609
IX-24 Other expenses (24a–d)Programs $122,046 · Management $30,886$152,932
IX-24e All other expensesPrograms $5,168 · Management $76,945 · Fundraising $29,155$111,268
IX-25 Total functional expensesPrograms $2,097,457 · Management $1,061,830 · Fundraising $413,795$3,573,082
Part X · Balance sheet $2,416,056 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $1,201,692$562,930
X-2 Savings and temporary cash investmentsStart of year $16,116$45,297
X-9 Prepaid expenses and deferred chargesStart of year $81,334$93,502
X-10c Land, buildings and equipment, netStart of year $21,884$24,713
X-11 Publicly traded securitiesStart of year $2,050,243$1,689,614
X-16 Total assetsStart of year $3,371,269$2,416,056
X-17 Accounts payable and accrued expensesStart of year $155,791$230,574
X-19 Deferred revenueStart of year $297,971$328,739
X-25 Other liabilitiesStart of year $1,346,604$882,987
X-26 Total liabilitiesStart of year $1,800,366$1,442,300
X-27 Net assets without donor restrictionsStart of year $1,570,903$973,756
X-32 Total net assets or fund balancesStart of year $1,570,903$973,756
X-33 Total liabilities and net assetsStart of year $3,371,269$2,416,056
Part XI · Reconciliation of net assets $973,756 net assets at year end
XI-1 Total revenue$3,130,964
XI-2 Total expenses$3,573,082
XI-3 Revenue less expenses−$442,118
XI-4 Net assets at start of year$1,570,903
XI-5 Net unrealized gains (losses) on investments−$155,029
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$973,756

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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