Nevada State Development Corporation
- Assets
- $2.6m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 14
- Location
- Las Vegas, NV
- Founding
- 08/2007
- Data as of
- 09/2021
- EIN
- 30-0402070
Organization Overview
Nevada State Development Corporation is located in Las Vegas, NV. The organization was established in 2007. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2021, Nevada State Development Corporation employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nevada State Development Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 09/2021, Nevada State Development Corporation generated $1.8m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $1.8m during the year ending 09/2021. 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
PROVIDING LENDING SOLUTIONS AND ADVOCACY SERVICES TO SMALL BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HELPS BUSINESS OWNERS OBTAIN FINANCING FOR EXPANSION THROUGH THE UNITED STATES SMALL BUSINESS ADMINISTRATION 504 LOAN PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Evan Dickson President | OfficerTrustee | 40 | $155,503 |
Paola Gonzalez Evp/coo | Officer | 40 | $135,299 |
Karen Szachara Corporate Secretary | Officer | 40 | $116,792 |
Christie Wright Vice President Of Finance | Officer | 40 | $76,009 |
Robert Francl Board Chairman | OfficerTrustee | 1 | $0 |
Kevin Sullivan Director | Trustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,748,755 |
| Investment income | $1,655 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,800 |
| 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 | $1,752,210 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,000 |
| 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. | $654,799 |
| Compensation of current officers, directors, key employees. | $130,960 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $656,212 |
| Pension plan accruals and contributions | $20,498 |
| Other employee benefits | $13,576 |
| Payroll taxes | $92,122 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,140 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,755 |
| Advertising and promotion | $32,696 |
| Office expenses | $46,373 |
| Information technology | $42,111 |
| Royalties | $0 |
| Occupancy | $36,537 |
| Travel | $2,774 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,901 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $54,533 |
| Insurance | $15,307 |
| All other expenses | $2,706 |
| Total functional expenses | $1,836,114 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $399,399 |
| Savings and temporary cash investments | $822,933 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,619 |
| 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 | $23,607 |
| Net Land, buildings, and equipment | $1,219,400 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $70,935 |
| Total assets | $2,571,893 |
| Accounts payable and accrued expenses | $45,284 |
| 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 | $522,434 |
| Total liabilities | $567,718 |
| Net assets without donor restrictions | $2,004,175 |
| 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 | $2,571,893 |
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