Northern Nv Development Authority

Organization Overview

Northern Nv Development Authority is located in Carson City, NV. The organization was established in 1983. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Northern NV Development Authority employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northern NV Development Authority is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 06/2022, Northern NV Development Authority generated $853.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $811.1k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

ENCOURAGE THE EXPANSION AND RELOCATION OF BUSINESSES TO THE NORTHERN NEVADA AREA IN ORDER TO ENHANCE ECONOMIC ACTIVITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

RESPONDING TO INQUIRIES AND RECRUITED BUSINESSES CONSIDERING RELOCATING


MAINTAINED RELATIONSHIPS WITH EXISTING BUSINESSES IN THE COMMUNITY TO AID THEIR CONTINUED SUCCESS AND ENCOURAGE EXPANSION


HOSTED VISITS FROM COMPANIES WANTING TO INVESTIGATE THE AREA FOR EXPANSION


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$127,200
Fundraising events$0
Related organizations$0
Government grants $694,376
All other contributions, gifts, grants, and similar amounts not included above$24,547
Noncash contributions included in lines 1a–1f $21,850
Total Revenue from Contributions, Gifts, Grants & Similar$846,123
Total Program Service Revenue$0
Investment income $31
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $3,150
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $4,227
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $853,531

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Northern Nv Development Authority has recieved totaling $110,000.

Awarding OrganizationAmount
Hop & Mae Adams Foundation

Boise, ID

PURPOSE: PROVIDE WORKFORCE DEVELOPMENT AND SUPPORT ECONOMIC DEVELOPMENT.

$110,000
View Grant Recipient Profile

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