Nevada State Eb-5 Regional Center Inc
- Assets
- $0.0
- Revenue
- $57.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Boise, ID
- Founding
- 02/2012
- Data as of
- 12/2022
- EIN
- 27-3529183
Organization Overview
Nevada State Eb-5 Regional Center Inc is located in Boise, ID. The organization was established in 2012. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nevada State Eb-5 Regional Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Nevada State Eb-5 Regional Center Inc generated $57.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $65.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
EB-5 REGIONAL CENTERS WERE ESTABLISHED BY CONGRESS TO FACILITATE U.S. ECONOMIC GROWTH THROUGH THE EB-5 IMMIGRANT INVESTMENT PROGRAM THAT ALLOWS INTERNATIONAL INVESTMENT LEADING TO JOB CREATION IN EXCHANGE FOR VISAS. BY INVESTING IN APPROVED PROJECTS, THE EB-5 PROGRAM OFFERS PARTICIPANTS LEGAL STATUS AND PROVIDES SUBSTANTIAL FUNDING TO REGIONAL BUSINESSES FOR STARTUPS OR EXPANSION. THESE EFFORTS ARE DESIGNED TO CREATE JOBS AND FOSTER ECONOMIC GROWTH AND DIVERSITY. NVEB-5 WAS APPROVED AND CERTIFIED AS AN EB-5 REGIONAL CENTER ON JULY 15, 2013. THE ORGANIZATION FOCUSES ON PROVIDING ECONOMIC GROWTH FOR THE UNDERDEVELOPED REGION INCLUDING CARSON CITY, NEVADA WITH FUTURE DEVELOPMENT INTO NORTHERN NEVADA. NVEB-5 WILL ALSO PROMOTE VIABLE BUSINESS MODELS GROUNDED IN REASONABLE EXPECTATIONS, PROVIDE VERIFIABLE JOB CREATION AND CAPITAL INVESTMENT DATA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Neighbors President | 1 | $0 | |
Christopher Mackenzie Secretary/ Treasurer | 1 | $0 | |
Edward D Ahrens Director | 1 | $0 | |
Alan Jurkonis Director | 0.5 | $0 | |
Gerald Gardner Director | 0.5 | $0 | |
E Alan Tiras Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $57,889 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $57,889 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $32,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,443 |
| Depreciation | $629 |
| Occupancy | $7,759 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,274 |
| Total operating and administrative expenses | $65,293 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $65,293 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |