Nevada State Eb-5 Regional Center Inc
- Assets
- $7.4k
- Revenue
- $60.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Carson City, NV
- Founding
- 02/2012
- Data as of
- 12/2021
- EIN
- 27-3529183
Organization Overview
Nevada State Eb-5 Regional Center Inc is located in Carson City, NV. The organization was established in 2012. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, 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. Nevada State Eb-5 Regional Center 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 12/2021, Nevada State Eb-5 Regional Center Inc generated $60.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $74.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.2%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
EB-5 REGIONAL CENTERS WERE ESTABLISHED BY CONGRESS TO FACILITATE U.S. ECONOMIC GROWTH THROUGH THE EB-5 IMMIGRANT INVESTMENT PROGRAM THAT ALLOWS INTERNATIONAL INVESTMENT LEADING TO JOB CREATION IN EXCHANGE FOR VISAS. BY INVESTING IN APPROVED PROJECTS, THE EB-5 PROGRAM OFFERS PARTICIPANTS LEGAL STATUS AND PROVIDES SUBSTANTIAL FUNDING TO REGIONAL BUSINESSES FOR STARTUPS OR EXPANSION. THESE EFFORTS ARE DESIGNED TO CREATE JOBS AND FOSTER ECONOMIC GROWTH AND DIVERSITY. NVEB-5 WAS APPROVED AND CERTIFIED AS AN EB-5 REGIONAL CENTER ON JULY 15, 2013. THE ORGANIZATION FOCUSES ON PROVIDING ECONOMIC GROWTH FOR THE UNDERDEVELOPED REGION INCLUDING CARSON CITY, NEVADA WITH FUTURE DEVELOPMENT INTO NORTHERN NEVADA. NVEB-5 WILL ALSO PROMOTE VIABLE BUSINESS MODELS GROUNDED IN REASONABLE EXPECTATIONS, PROVIDE VERIFIABLE JOB CREATION AND CAPITAL INVESTMENT DATA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Neighbors President | 1 | $0 | |
Christopher Mackenzie Secretary/ Treasurer | 1 | $0 | |
Edward D Ahrens Director | 1 | $0 | |
Alan Jurkonis Director | 0.5 | $0 | |
Karen Abowd Director | 0.5 | $0 | |
Corrado DE Gasperis Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $60,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $60,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $29,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,029 |
| Depreciation | $629 |
| Occupancy | $6,617 |
| Travel, conferences, and meetings | $1,075 |
| Printing and publications | $3,129 |
| Other expenses | $18,945 |
| Total operating and administrative expenses | $74,116 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $74,116 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,677 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,727 |
| Other assets | $0 |
| Total assets | $7,404 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Nevada State Eb-5 Regional Center Inc has recieved totaling $65,000.
| Awarding Organization | Amount |
|---|---|
Hop & Mae Adams Foundation Boise, ID PURPOSE: CARSON CITY NEIGHBORHOOD DEVELOPMENT. | $65,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Downtown Santa Monica Inc Santa Monica, CA | $4,897,203 | $9,308,728 |
Resources For Community Development Berkeley, CA | $93,266,557 | $6,994,658 |
Lake Wildwood Association Penn Valley, CA | $30,720,187 | $8,953,678 |
Antelope Valley Partners For Health Lancaster, CA | $4,220,936 | $10,090,239 |
Community Vision Capital & Consulting San Francisco, CA | $118,645,783 | $20,656,685 |
Hacienda Community Development Corporation Portland, OR | $42,129,547 | $14,753,048 |
Powerswitch Action Oakland, CA | $19,442,233 | $13,398,955 |
Downtown Center Business Improvement District Inc Los Angeles, CA | $1,747,827 | $7,519,589 |
Underground Service Alert Of Northern California And Nevada Concord, CA | $6,010,381 | $7,617,174 |
Community Action Agency Of Butte County Inc Chico, CA | $5,886,657 | $7,635,979 |
Las Sendas Community Association Scottsdale, AZ | $18,217,968 | $6,434,720 |
Union Square Business Improvement District San Francisco, CA | $3,440,343 | $7,353,306 |