Community Foundation Of Western Nevada
- Assets
- $127.2m
- Revenue
- $12.9m
- Investments
- $21.7m
- Employees
- 13
- Location
- Reno, NV
- Founding
- 02/1998
- Data as of
- 12/2020
- EIN
- 88-0370179
Organization Overview
Community Foundation Of Western Nevada is located in Reno, NV. The organization was established in 1998. 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 12/2021, Community Foundation Of Western Nevada employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Western Nevada 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 12/2020, Community Foundation Of Western Nevada generated $12.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $12.1m during the year ending 12/2020. While expenses have increased by 8.9% 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, Community Foundation Of Western Nevada has awarded 1,394 individual grants totaling $64,112,954. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
STRENGTHEN COMMUNITY BY LEADING INITIATIVES & COMMUNITY ENGAGEMENT ACTIVITIES AS A NEUTRAL CONVENER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMMUNITY FOUNDATION OF NORTHERN NEVADA STRENGTHENS THE NORTHERN NEVADA REGION BY ENCOURAGING PHILANTHROPY IN THE FORM OF: DONOR ADVISED FUNDS THAT MAKE GRANTS TO LOCAL CHARITIES, SCHOLARSHIP FUNDS, ENDOWMENTS FOR CHARITABLE ORGANIZATIONS, AND CHARITABLE BEQUESTS TO BENEFIT OUR COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Askin President And CEO | Officer | 40 | $168,539 |
David Brokaski CFO (as Of April) | Officer | 40 | $86,856 |
Melissa Tschanz CFO (thru April) | Officer | 40 | $40,416 |
Beau Keenan Board Vice-Chair (as Of July) | OfficerTrustee | 2 | $0 |
Kevin Melcher Board Chair (as Of July) | OfficerTrustee | 2 | $0 |
Steve Carrickchair Thru June)/past Board Chair (as Of July) | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Q & D Construction Construction | 12/30/20 | $567,790 |
Concrete Value Corp Of Nevada Construction | 12/30/20 | $145,567 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $168,920 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,394,345 |
| Noncash contributions included in lines 1a–1f | $2,789,422 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,563,265 |
| Total Program Service Revenue | $770,872 |
| Investment income | $1,693,161 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $335,467 |
| Net Gain/Loss on Asset Sales | $531,940 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,894,705 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,601,255 |
| Grants and other assistance to domestic individuals. | $526,032 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $293,245 |
| Compensation of current officers, directors, key employees. | $117,298 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $554,559 |
| Pension plan accruals and contributions | $36,797 |
| Other employee benefits | $47,277 |
| Payroll taxes | $62,442 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $45,338 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $292,606 |
| Fees for services: Other | $12,055 |
| Advertising and promotion | $0 |
| Office expenses | $27,103 |
| Information technology | $63,157 |
| Royalties | $0 |
| Occupancy | $58,438 |
| Travel | $4,725 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,682 |
| Interest | $16,287 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,338 |
| Insurance | $8,574 |
| All other expenses | $33,848 |
| Total functional expenses | $12,076,814 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,609,182 |
| Pledges and grants receivable | $1,060,506 |
| Accounts receivable, net | $0 |
| 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 | $38,886 |
| Net Land, buildings, and equipment | $4,662,607 |
| Investments—publicly traded securities | $69,088,899 |
| Investments—other securities | $21,738,782 |
| Investments—program-related | $1,057,834 |
| Intangible assets | $0 |
| Other assets | $17,952,490 |
| Total assets | $127,209,186 |
| Accounts payable and accrued expenses | $84,679 |
| Grants payable | $3,550,627 |
| 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 | $2,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,891,538 |
| Total liabilities | $10,526,844 |
| Net assets without donor restrictions | $35,889,675 |
| Net assets with donor restrictions | $80,792,667 |
| 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 | $127,209,186 |
Grants Awarded
Over the last fiscal year, Community Foundation Of Western Nevada has awarded $12,319,514 in support to 179 organizations.
| Grant Recipient | Amount |
|---|---|
Redwood City, CA PURPOSE: Buck/Cardinal Club | $2,044,000 |
New Orleans, LA PURPOSE: Patriot Circle | $1,010,000 |
LIFEPOINTE CHURCH PURPOSE: Pastors Education Fund | $809,000 |
Carmel, IN PURPOSE: 2021 proposed priorities | $472,394 |
STATE OF NEVADA DEPARTMENT OF WILDLIFE PURPOSE: DT #73 Nelson Creek | $468,990 |
New York, NY PURPOSE: Gabelli Group Fund #4349 | $458,064 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Community Foundation Of Western Nevada has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
The Codd Family Foundation Reno, NV PURPOSE: NEVADA CARES CAMPUS AND WOMEN'S GIVING CIRCLE | $10,000 |
Endowment Analysis
| Beg. Balance | $22,952,859 |
| Earnings | $3,302,472 |
| Admin Expense | $246,120 |
| Net Contributions | $8,063,524 |
| Grants | $1,128,394 |
| Ending Balance | $32,944,341 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
The Community Foundation Of Utah Salt Lake City, UT | $90,613,858 | $42,536,089 |
Community Foundation Sonoma County Santa Rosa, CA | $227,314,167 | $31,190,414 |
North Valley Community Foundation Chico, CA | $60,759,000 | $16,028,341 |
Community Foundation For Southern Arizona Tucson, AZ | $172,311,447 | $35,644,345 |