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Med Center Development Corporation

Omaha, NEUnknown exempt organizationEIN 82-2904691Revenue $119K in FY2023

On file with the IRS985070 Nebraska Medical Center · Omaha, NE

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Med Center Development Corporation (mcdc) was formed to aid, assist and support the univeristy of nebraska.

99¢ of each $1 spent went to programs.
Run by 3 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 4
filings with a surplus
Average surplus $0 a year · under 1% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$119K
×12 vs prior year
Spent
$119K
To programs
99%
Net assets
$0
By yearFY2020–FY2023
Revenue
$119K
FY2023▲ ×12
Tap a bar for its year
Revenue by fiscal year
FY2020$192K
FY2021$74K
FY2022$10K
FY2023$119K
Expenses
$119K
FY2023▲ ×12
Tap a bar for its year
Expenses by fiscal year
FY2020$192K
FY2021$74K
FY2022$10K
FY2023$119K
Net assets
$0
FY2023
Tap a bar for its year
Net assets by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$0

From the FY2023 Form 990 (year ending June 2023) · see the original

990 PDF Claim

Is it real?

Yes. Exemption reinstated (2017-11-15). Per the IRS revocation list. Latest filing on record: FY2023.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $118K Management & general 1% · $1K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Doug Ewald
Treasurer
$0Pt VII · Sec A
James E McClurg PHD
Vice Chairman
$0Pt VII · Sec A
Jeffrey P Gold MD
Chairman (thru 03/2023)
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Ken Hansen
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Jennifer Bartholomew
Executive Director
$0Pt VII · Sec A
See Med Center Development Corporation 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 15aNo

Programs and updates

Supports the University of Nebraska with aid and assistance.

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Provided by the organization

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1 program · $118K · in their own filed words · FY2022
01

The Med Center Development Corporation (MCDC) provides support and assistance for the development of properties owned by the University of Nebraska and enhancement of the Mid-Town Omaha, NE area near the University of Nebraska Medical Center (UNMC) campus.

$118Kprogram expense

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$119K
Ln 12
Gifts and grantsLn 1h$119K
Money outPt IX
$119K
Ln 25
Programscol B$118K
Managementcol C$1K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$119K
Total revenueLn 12$119K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$0$0
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$0$0
LiabilitiesLn 26$0$0
Net assetsLn 32$0$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$1K$1K
Other fees for servicesLn 11g$118K$118K$0$0
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$119K$118K$1K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $119K$119K$0$0 990 PDF
FY2022 $10K$10K$0$0 990 PDF
FY2021 $74K$74K$0$0 990 PDF
FY2020 $192K$192K$0$0 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $119,009 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $9,634$119,009
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $9,634$119,009
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $9,634$119,009
I-18 Total expensesPrior year $9,634$119,009
I-19 Revenue less expensesPrior year $0$0
Part VI · Governance 5 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $119,009 across 3 lines filed
VIII-1d Related organizations$119,009
VIII-1h Total contributions, gifts and grants$119,009
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$119,009
Part IX · Statement of functional expenses $119,009 across 3 lines filed
IX-11c Accounting feesManagement $1,009$1,009
IX-11g Other fees for servicesPrograms $118,000 · Management $0 · Fundraising $0$118,000
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $118,000 · Management $1,009 · Fundraising $0$119,009
Part X · Balance sheet $0 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $0$0
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $0$0
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $0$0
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $0$0
X-33 Total liabilities and net assetsStart of year $0$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$119,009
XI-2 Total expenses$119,009
XI-3 Revenue less expenses$0
XI-4 Net assets at start of year$0
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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