Fulfillment Fund Las Vegas
- Assets
- $10.8m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 16
- Location
- Las Vegas, NV
- Founding
- 08/2013
- Data as of
- 06/2021
- EIN
- 46-2083219
Organization Overview
Fulfillment Fund Las Vegas is located in Las Vegas, NV. The organization was established in 2013. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2021, Fulfillment Fund Las Vegas employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fulfillment Fund Las Vegas 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, Fulfillment Fund Las Vegas generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 25.3% each year . All expenses for the organization totaled $2.1m during the year ending 06/2021. While expenses have increased by 6.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
DEDICATED TO MAKING COLLEGE A REALITY FOR UNDER-RESOURCED COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FULFILLMENT FUND LAS VEGAS WAS FORMED TO MAKE COLLEGE A REALITY FOR STUDENTS GROWING UP IN ECONOMICALLY AND EDUCATIONALLY UNDER-RESOURCED COMMUNITIES. FULFILLMENT FUND LAS VEGAS IS COMMITTED TO A LONG-TERM RELATIONSHIP WITH SEVERAL SCHOOLS; TO DEVELOPING A PARTNERSHIP WITH THE CLARK COUNTY SCHOOL DISTRICT THAT WILL ULTIMATELY LEAD TO FULFILLMENT FUND LAS VEGAS HAVING A DISTRICT-WIDE PRESENCE AND DISTRICT-WIDE IMPACT; TO ENSURING THAT ALL STUDENTS WE WORK WITH ARE AWARE OF POST-SECONDARY OPPORTUNITIES AND THOSE WHO ARE INTERESTED IN PURSUING HIGHER EDUCATION ARE "READY BY EXIT" TO TAKE ADVANTAGE OF THESE OPPORTUNITIES; AND TO PARTNERING WITH THE UNIVERSITY OF NEVADA LAS VEGAS ("UNLV") AND OTHER IMPORTANT EDUCATIONAL INSTITUTIONS IN NEVADA AND OTHER STATES WHO SHARE OUR COMMITMENT TO PROMOTING COLLEGE ACCESS AND SUCCESS. BY HELPING TO SUPPORT COLLEGE ACCESS WE PLAN TO BROADEN OUR REACH IN OUR PARTNER HIGH SCHOOLS, SERVE MORE STUDENTS AND CREATE SCHOOL-WIDE IMPACT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lindy Schumacher CEO | Officer | 40 | $158,535 |
William Hornbuckle President | OfficerTrustee | 1 | $0 |
Tom Kaplan Secretary/treasurer | OfficerTrustee | 1 | $0 |
Gary Gitnick MD Director | Trustee | 1 | $0 |
Eric Esrailian MD Director | Trustee | 1 | $0 |
Tina Quigly Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $86,893 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $197,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,555,869 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,839,762 |
| Total Program Service Revenue | $0 |
| Investment income | $514,316 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $453,773 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,808,590 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $458,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $170,818 |
| Compensation of current officers, directors, key employees. | $27,930 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $830,704 |
| Pension plan accruals and contributions | $25,682 |
| Other employee benefits | $192,267 |
| Payroll taxes | $75,118 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $265 |
| Fees for services: Accounting | $66,208 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $72,528 |
| Fees for services: Other | $47,300 |
| Advertising and promotion | $0 |
| Office expenses | $32,866 |
| Information technology | $53,553 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $17 |
| 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 | $7,330 |
| Insurance | $18,625 |
| All other expenses | $647 |
| Total functional expenses | $2,100,534 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $703,718 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $75,000 |
| 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 | $20,704 |
| Investments—publicly traded securities | $10,016,714 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,816,136 |
| Accounts payable and accrued expenses | $68,463 |
| Grants payable | $22,500 |
| 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 | $90,963 |
| Net assets without donor restrictions | $9,798,255 |
| Net assets with donor restrictions | $926,918 |
| 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 | $10,816,136 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Fulfillment Fund Las Vegas has recieved totaling $1,525,755.
| Awarding Organization | Amount |
|---|---|
Windsong Tr Manhattan Beach, CA PURPOSE: EDUCATIONAL PROGRAM SUPPORT | $800,000 |
Engelstad Fam Foundation Las Vegas, NV PURPOSE: PROGRAM SUPPORT | $718,250 |
Nv Energy Charitable Foundation Reno, NV PURPOSE: COLLEGE ACCESS PROGRAM | $7,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Uc Hastings Foundation San Francisco, CA | $2,612,244 | $11,589,695 |
The Rogers Foundation Las Vegas, NV | $98,020,626 | $8,861,096 |
Flinn Foundation Phoenix, AZ | $285,130,665 | $13,331,134 |
La Promise Fund Los Angeles, CA | $8,970,074 | $12,859,195 |
Brophy Community Foundation Phoenix, AZ | $21,931,888 | $12,402,402 |
Society Of Hispanic Professional Engineers City Of Industry, CA | $8,652,087 | $11,894,639 |
Oakland Promise Oakland, CA | $69,217,814 | $17,084,213 |
Foundation For Global Sports Development Los Angeles, CA | $28,471,591 | $19,690,244 |
Ressler Gertz Foundation Encino, CA | $41,227,955 | $63,459,065 |
Basic Fund Oakland, CA | $23,987,500 | $9,637,782 |