Nevada Community Foundation Inc

Organization Overview

Nevada Community Foundation Inc is located in Las Vegas, NV. The organization was established in 1993. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Nevada Community Foundation Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 06/2021, Nevada Community Foundation Inc generated $25.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 30.4% each year . All expenses for the organization totaled $17.3m during the year ending 06/2021. While expenses have increased by 8.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Nevada Community Foundation Inc has awarded 512 individual grants totaling $49,005,365. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE NEVADA COMMUNITY FOUNDATION IS TO RECEIVE AND ACCEPT FUNDS TO BE ADMINISTERED AND DISBURSED THROUGH GRANTS EXCLUSIVELY FOR CHARITABLE PURPOSES PRIMARILY IN NEVADA OR FOR THE BENEFIT OF RESIDENTS OF NEVADA, SUPPORT THE SOLVING OF COMMUNITY ISSUES AND TO MATCH DONOR PHILANTHROPIC INTEREST WITH THE MYRIAD NEEDS OF THE COMMUNITY.

Describe the Organization's Program Activity:

THE PRIMARY PROGRAM EXPENSE OF THE FOUNDATION CONSISTS OF ITS DIRECT FINANCIAL SUPPORT OF OTHER CHARITIES AND CHARITABLE CAUSES. OTHER SUBSTANTIAL ACTIVITIES CLASSIFIED AS PROGRAM EXPENDITURES INCLUDE THE CONVENING OF CHARITIES TO EXAMINE DIFFERENT COMMUNITY ISSUES, THE CREATION AND PUBLICATION OF EDUCATIONAL AND RESOURCE MATERIALS, TECHNICAL AND ORGANIZATIONAL CONSULTING ASSISTANCE TO CHARITIES, AND PUBLIC EDUCATION EFFORTS DESIGNED TO RAISE THE LEVEL OF CHARITABLE GIVING FOR THE BROAD BENEFIT OF ALL NON-PROFITS IN NEVADA.


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Board, Officers & Key Employees

Name (title)Compensation
Gian Brosco
President An
$260,514
Keith Latham
Director Of
$43,776
Daniel Anderson
Secretary
$0
Duncan Lee
Chairperson
$0
Michael Threet
Vice Chairpe
$0
Geraldine Tomich
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$11,316,842
Noncash contributions included in lines 1a–1f $5,182,881
Total Revenue from Contributions, Gifts, Grants & Similar$11,316,842
Total Program Service Revenue$112,741
Investment income $6,732,383
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $5,685,896
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $25,683,352

Grants Awarded

Over the last fiscal year, Nevada Community Foundation Inc has awarded $9,652,682 in support to 84 organizations.

Grant RecipientAmount

Los Angeles, CA

PURPOSE: CHARITABLE

$2,015,000

SOUTHERN NEVADA PUBLIC TELEVISIONAKA VEGAS PBS

Org PageRecipient Profile

Las Vegas, NV

PURPOSE: CHARITABLE

$1,393,905

ST JUDE'S RANCH FOR CHILDREN

Org PageRecipient Profile

Boulder City, NV

PURPOSE: CHARITABLE

$1,001,000

NEVADA BLIND CHILDREN'S FOUNDATION

Org PageRecipient Profile

Henderson, NV

PURPOSE: CHARITABLE

$775,189

CITY OF LAS VEGAS

PURPOSE: CHARITABLE

$501,275

BRIDGE COUNSELING

Org PageRecipient Profile

Las Vegas, NV

PURPOSE: CHARITABLE

$500,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 10 grants that Nevada Community Foundation Inc has recieved totaling $1,897,469.

Awarding OrganizationAmount
The Marnell Foundation

Las Vegas, NV

PURPOSE: PROGRAM SUPPORTPROGRAM SUPPORTPROGRAM SUPPORTPROGRAM SUPPORT

$500,000
The Murren Family Foundation

Las Vegas, NV

PURPOSE: FULFILL CHARITABLE PURPOSE

$500,000
Dave And Linda Yonamine Foundation Inc

Las Vegas, NV

PURPOSE: ROLLFOWARD TO DONOR ADVISED FUND

$454,094
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: GENERAL SUPPORT

$100,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: GENERAL SUPPORT

$100,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: GENERAL SUPPORT

$100,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$772,304
Earnings$188,371
Other Expense$16,541
Ending Balance$944,134

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