Las Vegas-Clark County Library District Foundation Inc
- Assets
- $21.9m
- Revenue
- $719.8k
- Investments
- $2.3m
- Employees
- 1
- Location
- Las Vegas, NV
- Founding
- 08/2003
- Data as of
- 06/2021
- EIN
- 27-0035192
Organization Overview
Las Vegas-Clark County Library District Foundation Inc is located in Las Vegas, NV. The organization was established in 2003. 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. Las Vegas-Clark County Library District 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 06/2021, Las Vegas-Clark County Library District Foundation Inc generated $719.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $878.8k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Las Vegas-Clark County Library District Foundation Inc has awarded 16 individual grants totaling $941,756. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION WAS FORMED TO AID, SUPPORT, AND ASSIST THE PROMOTION, GROWTH, AND IMPROVEMENT OF THE LAS VEGAS-CLARK COUNTY LIBRARY DISTRICT, ITS STAFF, FACILITIES, AND COLLECTIONS AND TO ENHANCE AND STIMULATE THE QUALITY OF THE LIBRARY SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION WAS FORMED TO AID, SUPPORT, AND ASSIST THE PROMOTION, GROWTH, AND IMPROVEMENT OF THE LAS VEGAS-CLARK COUNTY LIBRARY DISTRICT, ITS STAFF, FACILITIES, AND COLLECTIONS AND TO ENHANCE AND STIMULATE THE QUALITY OF THE LIBRARY SERVICES.
NMTC
SPECIFIC ASSISTANCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane Mac Treasurer | OfficerTrustee | 0 | $0 |
Elaine Sanchez President | OfficerTrustee | 0 | $0 |
Felipe A Ortiz Director | Trustee | 0 | $0 |
Nicole Rogers Director | Trustee | 0 | $0 |
Keiba Crear Director | Trustee | 0 | $0 |
Dan Sarazin Director | Trustee | 0 | $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 | $314,145 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $314,145 |
| Total Program Service Revenue | $0 |
| Investment income | $291,094 |
| 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 | $114,600 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $719,839 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $281,337 |
| Grants and other assistance to domestic individuals. | $16,403 |
| 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 | $30,100 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,008 |
| Payroll taxes | $2,647 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,169 |
| Fees for services: Accounting | $12,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,032 |
| Fees for services: Other | $1,624 |
| Advertising and promotion | $0 |
| Office expenses | $36,860 |
| Information technology | $4,841 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,127 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,719 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,545 |
| All other expenses | $200 |
| Total functional expenses | $878,838 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $366,658 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $17,981,600 |
| Inventories for sale or use | $173,795 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,071,448 |
| Investments—other securities | $2,292,973 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,886,474 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $937,851 |
| Net assets with donor restrictions | $20,948,623 |
| 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 | $21,886,474 |
Grants Awarded
Over the last fiscal year, Las Vegas-Clark County Library District Foundation Inc has awarded $273,719 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
LAS VEGAS- CLARK COUNTY LIBRARY DISTRICT PURPOSE: The Foundation negotiated an agreement with the Las Vegas-Clark County Library District under which it manages and sells non-circulating library materials. The Foundation conducts the resale services on behalf of the Las Vegas-Clark County Library District. Revenue earned through this arrangement is temporarily restricted for future use towards Library District programs. Grant amounts reflect the use of such temporarily restricted funds toward various library programs.Additionally, the Foundation uses contributions it receives to help fund the Library District's programs. Donors often dictate which programs they would like their funds used for. The Foundation restricts those funds and only grants them to the Library District when the District requests funds for those particular programs. | $273,719 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Las Vegas-Clark County Library District Foundation Inc has recieved totaling $6,333.
| Awarding Organization | Amount |
|---|---|
Wynn Resorts Limited Employee Foundation Las Vegas, NV PURPOSE: Charitable Grant | $6,052 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $281 |
Endowment Analysis
| Beg. Balance | $3,055,000 |
| Ending Balance | $3,055,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
U C San Diego Foundation La Jolla, CA | $1,658,962,820 | $199,905,173 |
California State University Fresno Foundation Fresno, CA | $305,581,286 | $82,049,002 |
University Corporation At Monterey Bay Seaside, CA | $199,917,843 | $49,155,763 |
San Jose State University Research Foundation San Jose, CA | $57,091,451 | $53,661,013 |
University Of Nevada-Reno Foundation Reno, NV | $310,760,494 | $35,673,494 |
The U C Davis Foundation Davis, CA | $716,342,130 | $110,976,640 |
Southwestern Law School Los Angeles, CA | $126,801,745 | $54,692,632 |
Associated Students Ucla Los Angeles, CA | $54,580,827 | $39,327,069 |
Csu Fullerton Auxiliary Services Corporation Fullerton, CA | $104,352,109 | $45,637,535 |
New Schools Fund Oakland, CA | $55,397,321 | $41,218,694 |
Chico State Enterprises Chico, CA | $47,170,077 | $46,861,327 |
Ilead California Charters 1 Acton, CA | $20,389,401 | $46,593,851 |