Building Owners And Managers Association Of Nevada
- Assets
- $212.9k
- Revenue
- $244.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 08/2001
- Data as of
- 12/2022
- EIN
- 88-0477332
Organization Overview
Building Owners And Managers Association Of Nevada, operating under the name Co Alternative Management, is located in Las Vegas, NV. The organization was established in 2001. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, 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. Co Alternative Management 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 12/2022, Co Alternative Management generated $244.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $240.1k during the year ending 12/2022. While expenses have increased by 4.1% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
BOMA NEVADA SUPPORTS ITS MEMBERS WITH LOCAL NETWORKING PARTNERSHIPS, INDUSTRY ADVOCACY AND EDUCATIONAL COURSES. MEMBERS ALSO RECEIVE THE FOLLOWING:1) MONTHLY BREAKFAST FEATURING INDUSTRY EXPERTS, TREND FORECASTERS AND COMMUNITY NOTABLES. 2) STIMULATE THEIR EXCELLENCE IN BUILDING MANAGEMENT, VALUE ENHANCEMENT, OPERATIONAL EFFICIENCIES, VENDOR SERVICES, TENANT RETENTION, EMERGENCY PLANNING AND ENVIRONMENTAL/COMMUNITY IMPACT.3) PEER SUPPORT AND INFORMATION SHARING IN A PROFESSIONAL ENVIRONMENT. 4) UNPARALLELED NETWORKING AND PARTNERSHIP OPPORTUNITIES WITH OTHER REAL ESTATE PROFESSIONALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONTHLY LUNCHEONS: OUR MONTHLY LUNCHEONS EXIST FOR BOTH EDUCATIONAL AND NETWORKING PURPOSES, ALLOWING OUR MEMBERS TO LEARN FROM A CAREFULLY SELECTED VARIETY OF KNOWLEDGEABLE SPEAKERS ON CURRENT ISSUES AND TOPICS RELEVANT TO THE INDUSTRY. WE TRANSITIONED FROM WEBINARS TO IN-PERSON LUNCHEONS IN 2021. WE HELD 2 VIRTUAL LUNCHEONS AND 3 IN-PERSON LUNCHEONS IN 2021.BOMA ANNUAL TOBY AWARDS FEBRUARY 25, 2021: THE OUTSTANDING BUILDING OF THE YEAR (TOBY) AWARDS IS THE MOST PRESTIGIOUS AND COMPREHENSIVE PROGRAM OF ITS KIND IN THE COMMERCIAL REAL ESTATE INDUSTRY RECOGNIZING QUALITY IN COMMERCIAL BUILDINGS AND REWARDING EXCELLENCE IN BUILDING MANAGEMENT. DURING THE COMPETITION, ALL FACETS OF A BUILDING'S OPERATIONS ARE THOROUGHLY EVALUATED. BUILDINGS ARE JUDGED ON EVERYTHING FROM COMMUNITY INVOLVEMENT, TENANT RELATIONS AND SITE MANAGEMENT TO ENVIRONMENTAL AND "GREEN" POLICIES AND PROCEDURES. THE COMPETITION CONSISTS OF THREE LEVELS AND BEGINS AT THE BOMA LOCAL ASSOCIATION LEVEL. WINNING ENTRIES ADVANCE FROM THERE TO THE REGIONAL LEVEL, THEN TO THE INTERNATIONAL LEVEL. THE INTERNATIONAL TOBY AWARDS ARE PRESENTED AT THE BOMA INTERNATIONAL CONFERENCE IN JUNE OF EACH YEAR. EDUCATION: BOMI IS THE MOST WIDELY RECOGNIZED AND RESPECTED LEARNING PROVIDER IN THE INDUSTRY. THEIR CREDENTIAL PROGRAMS PROVIDE SKILLS NEEDED TO ENHANCE OUR MEMBER'S CAREERS. IN 2021, WE HELD 2 CLASSES FOR BUDGETING AND ACCOUNTING, INVESTMENT AND FINANCE. NETWORKING MIXERS: WE ORGANIZED 2 VIRTUAL MIXERS AND 2 IN-PERSON MIXERS IN 2021, ALLOWING MEMBERS TO NETWORK IN A LESS FORMAL SETTING TO ENCOURAGE TEAM BUILDING WITHIN OUR ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tena Cameron Director | Trustee | 1 | $0 |
Tasha Blackburn Director | Trustee | 1 | $0 |
Trina Curtis Director | Trustee | 1 | $0 |
Lisa Riggs Past President | OfficerTrustee | 4 | $0 |
Fara Karr Director | Trustee | 1 | $0 |
Andrea King President | 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 | $80,286 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $80,286 |
| Total Program Service Revenue | $163,765 |
| Investment income | $39 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $244,090 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $36,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $795 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18,000 |
| Office expenses | $140 |
| Information technology | $2,797 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,338 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $90,575 |
| Interest | $0 |
| Payments to affiliates | $36,238 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,732 |
| All other expenses | $3,891 |
| Total functional expenses | $240,073 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,940 |
| Savings and temporary cash investments | $108,143 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,143 |
| 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 | $32,720 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $212,946 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $93,803 |
| 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 | $0 |
| Total liabilities | $93,803 |
| Net assets without donor restrictions | $119,143 |
| Net assets with donor restrictions | $0 |
| 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 | $212,946 |