Las Vegas Business Academy
- Assets
- $947.0k
- Revenue
- $474.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 01/2014
- Data as of
- 12/2021
- EIN
- 45-4020454
Organization Overview
Las Vegas Business Academy is located in Las Vegas, NV. The organization was established in 2014. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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 Business Academy 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, Las Vegas Business Academy generated $474.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $212.3k during the year ending 12/2021. 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
LAS VEGAS BUSINESS ACADEMY (LVBA) IS A NON PROFIT ORGANIZATION DEDICATED TO GRADUATE SCHOOL EDUCATION. THE LVBA MOTTO, FINIS ORGINE PENDET, TRANSLATES TO "THE END DEPENDS ON THE BEGINNING" WHICH REFLECTS ITS VISION THAT A STUDENT'S ACADEMIC ACHIEVEMENTS DEPEND ON THE PROCESS OF WHAT THEY LEARN ALONG THE JOURNEY. THE LVBA IS COMMITTED TO PROVIDING SELECTED COLLEGE STUDENTS FINANCIAL AID AND MENTORING RESOURCES DURING THEIR EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LVBA PROVIDES SELECT UNLV STUDENTS THE UNIQUE OPPORTUNITY TO PURSUE THEIR GRADUATE DEGREE WITH FULL SCHOLARSHIPS FOR TUITION, FEES AND BOOKS. THE STUDENTS COMMIT TO A FIVE-YEAR PROGRAM CONSISTING OF TWO YEARS OF GRADUATE STUDIES, MENTORSHIPS AND LEADERSHIP CLASSES AND THREE YEARS, MINIMUM, WORKING IN LAS VEGAS OR NEVADA TO GIVE BACK TO THE CITY AND COMMUNITY.
THE LAS VEGAS BUSINESS ACADEMY STRIVES TO GROW LAS VEGAS AS A MARKET BY KEEPING THE BEST TALENT HERE IN THE CITY. WE ALSO GIVE BACK TO THE COMMUNITY THROUGH A WIDE VARIETY OF CHARITABLE AND SERVICE ACTIVITIES.
THE LVBA PROVIDES STUDENTS THE UNMATCHED OPPORTUNITY TO WORK ALONGSIDE AND LEARN FROM ELITE EXECUTIVES IN A VARIETY OF BUSINESSES THROUGHOUT LAS VEGAS. THEY ARE PROVIDED PRACTICAL WORK EXPERIENCE, A NETWORK OF DECISION-MAKING CONNECTIONS AND A VISION INTO LEADERSHIP IN TODAY'S BUSINESS WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paola Armeni Corporate Legal Consel | OfficerTrustee | 1 | $0 |
Rino Armeni President & Chairman | OfficerTrustee | 10 | $0 |
Gary Charmel Honorary Officer | OfficerTrustee | 1 | $0 |
Candace Davis-Martin Chief Marketing Officer | OfficerTrustee | 1 | $0 |
Ryan Voss Vice Chairman | OfficerTrustee | 1 | $0 |
Ernest Oon Chief Financial Officer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $26,500 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $69,790 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $106,290 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $368,354 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $474,644 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $34,784 |
| 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 | $75,330 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,565 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,028 |
| Advertising and promotion | $9,819 |
| Office expenses | $5,236 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,284 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,323 |
| All other expenses | $7,722 |
| Total functional expenses | $212,339 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $755,465 |
| Savings and temporary cash investments | $191,556 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| 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 | $947,021 |
| Accounts payable and accrued expenses | $5,515 |
| 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 | $127,397 |
| Total liabilities | $132,912 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $814,109 |
| Total liabilities and net assets/fund balances | $947,021 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Las Vegas Business Academy has recieved totaling $5,500.
| Awarding Organization | Amount |
|---|---|
The Tito And Sandra Tiberti Foundation Las Vegas, NV PURPOSE: CHARITABLE | $5,000 |
Albert H Stahmer Foundation Inc Golden, CO PURPOSE: GENERAL FUND | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles And Helen Schwab Foundation San Francisco, CA | $691,573,201 | $120,025,754 |
Hispanic Scholarship Fund Gardena, CA | $152,619,685 | $60,036,131 |
Arizona Leadership Foundation Inc Scottsdale, AZ | $8,143,528 | $41,232,860 |
College Track Oakland, CA | $64,375,720 | $27,539,542 |
Business For Social Responsibility San Francisco, CA | $23,283,625 | $33,746,077 |
Arizona Christian School Tuition Organization Inc Chandler, AZ | $15,419,007 | $23,692,507 |
Institute For Better Education Tucson, AZ | $37,186,348 | $28,870,649 |
Catholic Education Arizona Phoenix, AZ | $32,375,379 | $24,525,242 |
Mcconnell Foundation Redding, CA | $0 | $21,867,294 |
Arizona Tuition Connection Inc Scottsdale, AZ | $37,104,483 | $31,699,669 |
Making Waves Foundation Inc Richmond, CA | $241,696,341 | $12,436,212 |
Port Of Los Angeles High School San Pedro, CA | $18,161,675 | $15,549,620 |