University Of Nevada-Reno Foundation
- Assets
- $380.9m
- Revenue
- $75.4m
- Investments
- $187.4m
- Employees
- 0
- Location
- Reno, NV
- Founding
- 01/1982
- Data as of
- 06/2021
- EIN
- 94-2781749
Organization Overview
University Of Nevada-Reno Foundation is located in Reno, NV. The organization was established in 1982. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Nevada-Reno Foundation 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 06/2021, University Of Nevada-Reno Foundation generated $75.4m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 28.3% each year . All expenses for the organization totaled $49.4m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO AID, SUPPORT, & ASSIST THE UNIVERSITY OF NEVADA, RENO TO ENHANCE THE QUALITY OF EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNIVERSITY PROGRAMS: THE UNIVERSITY OF NEVADA RENO FOUNDATION RECEIVES, MANAGES & DISBURSES FUNDS IN ACCORDANCE WITH THE DESIGNATED RESTRICTED PURPOSE FOR WHICH THE GIFTS WERE DONATED. PROVIDES PROGRAMMATIC FUNDING SUPPORTING STUDENTS, FACULTY, RESEARCH & THE COMMUNITY IN THE AREA FUNDS WERE RAISED FOR. THERE WERE A TOTAL OF 61 ENDOWED PROFESSORSHIPS AND CHAIRS FOR 2022.
ALUMNI PROGRAMS: FUNDING WAS PROVIDED TO ALUMNI ASSOCIATION AND VARIOUS ALUMNI CHAPTERS TO STRENGTHEN TIES TO THE UNIVERSITY COMMUNITY.
CAPITAL PROJECTS: ASSIST IN FUNDING CONSTRUCTION PROJECTS ON CAMPUS. PROJECTS INCLUDE THE UNIVERSITY FOUNDATION ARTS BUILDING, PENNINGTON HEALTH SCIENCES BUILDING, AND THE UNIVERSITY ENTRY MONUMENT.
UNIVERSITY SCHOLARSHIPS: SCHOLARSHIP FUNDING WAS USED FOR STUDENT SCHOLARSHIP AWARDS FOR BOTH NEED AND MERIT BASED. MORE THAN 3,395 STUDENTS RECEIVED DONOR-FUNDED SCHOLARSHIPS DURING THE 2021-22 ACADEMIC YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Rodefer Chair | OfficerTrustee | 5 | $0 |
Ann Morgan Chair Elect/vice Chair, Governance | OfficerTrustee | 5 | $0 |
Mick Hitchcock Immediate Past Chair | OfficerTrustee | 5 | $0 |
Janet Mello Vice Chair Events | OfficerTrustee | 5 | $0 |
Mark Denzler Vice Chair Investment | OfficerTrustee | 5 | $0 |
Stephanie Kruse Vice Chair Nominating | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,119,229 |
| Investment income | $13,198,212 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $40,029 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,370,904 |
| Net Income from Fundraising Events | $75,147 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $75,417,078 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $3,419,244 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,013,430 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,620 |
| Fees for services: Accounting | $50,854 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $19,735 |
| Fees for services: Investment Management | $3,686,552 |
| Fees for services: Other | $18,988 |
| Advertising and promotion | $0 |
| Office expenses | $306,571 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,349 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,729 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,045 |
| Insurance | $19,623 |
| All other expenses | $0 |
| Total functional expenses | $49,386,658 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,231,939 |
| Savings and temporary cash investments | $16,193,653 |
| Pledges and grants receivable | $2,575,772 |
| Accounts receivable, net | $21,069,767 |
| 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 | $7,869 |
| Investments—publicly traded securities | $140,830,452 |
| Investments—other securities | $187,445,404 |
| Investments—program-related | $0 |
| Intangible assets | $1,057,428 |
| Other assets | $7,865,759 |
| Total assets | $380,939,240 |
| Accounts payable and accrued expenses | $122,297 |
| Grants payable | $0 |
| Deferred revenue | $6,371,801 |
| 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 | $383,587 |
| Total liabilities | $6,877,685 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $374,061,555 |
Grants Awarded
Over the last fiscal year, University Of Nevada-Reno Foundation has awarded $26,107,701 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF NEVADA RENO PURPOSE: University Programs | $16,952,691 |
UNIVERSITY OF NEVADA RENO PURPOSE: Alumni Programs | $283,502 |
UNIVERSITY OF NEVADA RENO PURPOSE: Capital Projects | $3,161,550 |
UNIVERSITY OF NEVADA RENO PURPOSE: University Scholarships | $5,709,958 |