Nevada Community Foundation Inc
- Assets
- $244.4m
- Revenue
- $23.3m
- Investments
- $83.1m
- Employees
- 8
- Location
- Las Vegas, NV
- Founding
- 03/1993
- Data as of
- 06/2022
- EIN
- 88-0241420
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 06/2022, Nevada Community Foundation Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nevada Community Foundation 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 06/2022, Nevada Community Foundation Inc generated $23.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.8% each year . All expenses for the organization totaled $25.7m during the year ending 06/2022. While expenses have increased by 13.7% per year over the past 7 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 763 individual grants totaling $76,935,810. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
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) | Role | Hours | Compensation |
|---|---|---|---|
Gian Brosco President An | Officer | 40 | $263,514 |
Jane Ramos COO | 40 | $102,980 | |
Keith Latham Director Of | Officer | 25 | $54,812 |
Michael Threet Vice Chairpe | OfficerTrustee | 1 | $0 |
Geraldine Tomich Treasurer | OfficerTrustee | 1 | $0 |
Duncan Lee Chairperson | OfficerTrustee | 1 | $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 | $10,112,952 |
| Noncash contributions included in lines 1a–1f | $2,362,076 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,112,952 |
| Total Program Service Revenue | $60,150 |
| Investment income | $1,766,805 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,017,610 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,282,106 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,699,651 |
| Grants and other assistance to domestic individuals. | $213,024 |
| Grants and other assistance to Foreign Orgs/Individuals | $100,284 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $351,108 |
| Compensation of current officers, directors, key employees. | $119,405 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $297,374 |
| Pension plan accruals and contributions | $6,737 |
| Other employee benefits | $71,538 |
| Payroll taxes | $43,637 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $55,559 |
| Fees for services: Accounting | $112,704 |
| Fees for services: Lobbying | $27,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $709,376 |
| Fees for services: Other | $550,335 |
| Advertising and promotion | $78,459 |
| Office expenses | $40,629 |
| Information technology | $39,765 |
| Royalties | $0 |
| Occupancy | $23,272 |
| Travel | $1,224 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $107,468 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,860 |
| Insurance | $15,413 |
| All other expenses | $0 |
| Total functional expenses | $25,652,958 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,772,363 |
| Savings and temporary cash investments | $3,677,414 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,001 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $67,991 |
| Net Land, buildings, and equipment | $3,445 |
| Investments—publicly traded securities | $151,796,387 |
| Investments—other securities | $83,058,866 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,065 |
| Total assets | $244,409,532 |
| Accounts payable and accrued expenses | $127,767 |
| Grants payable | $1,404,925 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $20,901,622 |
| Total liabilities | $22,434,314 |
| Net assets without donor restrictions | $205,081,418 |
| Net assets with donor restrictions | $16,893,800 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $244,409,532 |
Grants Awarded
Over the last fiscal year, Nevada Community Foundation Inc has awarded $6,981,738 in support to 75 organizations.
| Grant Recipient | Amount |
|---|---|
Ithaca, NY PURPOSE: CHARITABLE | $2,000,000 |
Las Vegas, NV PURPOSE: CHARITABLE | $1,399,900 |
Las Vegas, NV PURPOSE: CHARITABLE | $1,187,950 |
Boyds, MD PURPOSE: CHARITABLE | $200,000 |
Los Angeles, CA PURPOSE: CHARITABLE | $150,000 |
Memphis, TN PURPOSE: CHARITABLE | $100,250 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Nevada Community Foundation Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Shulman Family Foundation Las Vegas, NV PURPOSE: TO PROVIDE SUPPORT TO EXEMPT ORGANIZATION | $10,000 |
Susan Greenspun Fine Family Foundation Henderson, NV PURPOSE: DONATIONS | $5,000 |
Endowment Analysis
| Beg. Balance | $944,134 |
| Earnings | -$117,710 |
| Other Expense | $11,377 |
| Ending Balance | $815,047 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The San Diego Foundation San Diego, CA | $1,302,414,916 | $197,035,758 |
Orange County Community Foundation Newport Beach, CA | $457,446,426 | $112,983,825 |
Arizona Community Foundation Phoenix, AZ | $1,066,072,012 | $211,703,650 |
Ventura County Community Foundation Camarillo, CA | $181,940,704 | $53,185,473 |
Santa Barbara Foundation Santa Barbara, CA | $456,585,072 | $53,590,434 |
The San Bruno Community Foundation San Bruno, CA | $57,381,282 | $2,122,835 |
Community Foundation For Monterey County Monterey, CA | $347,659,194 | $59,371,913 |
Community Foundation Santa Cruz County Aptos, CA | $201,628,792 | $52,106,005 |
Nevada Community Foundation Inc Las Vegas, NV | $244,409,532 | $23,282,106 |
Liberty Hill Foundation Los Angeles, CA | $22,845,623 | $26,116,303 |
Sacramento Region Community Foundation Sacramento, CA | $172,758,711 | $24,599,020 |
Inland Empire Community Foundation Riverside, CA | $130,560,827 | $28,925,228 |