Mesquite Qalicb Inc
- Assets
- $7.8m
- Revenue
- $115.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 05/2018
- Data as of
- 06/2022
- EIN
- 82-3098581
Organization Overview
Mesquite Qalicb Inc is located in Las Vegas, NV. The organization was established in 2018. 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. Mesquite Qalicb 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 06/2022, Mesquite Qalicb Inc generated $115.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $377.3k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ACQUIRE AND LEASE REAL OR PERSONAL PROPERTY THAT IS SUBJECT TO CERTAIN RESTRICTIONS AND LIMITATIONS FOR THE BENEFIT OF THE LAS VEGAS-CLARK COUNTY LIBRARY DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MESQUITE QALICB OBTAINED FINANCING IN AN ARRANGED STRUCTURE UNDER THE NEW MARKETS TAX CREDIT PROGRAM (NMTC). AS A RESULT OF PARTICIPATING IN THE NMTC PROGRAM, MESQUITE QALICB ENTERED INTO TWO NOTES PAYABLE, WHICH ARE SECURED BY A DEED OF TRUST AND ASSIGNMENTS OF LEASES AND RENTS. BOTH OF THESE BEAR INTEREST AT 1% AND ARE PAYABLE IN QUARTERLY INTERST-ONLY PAYMENTS THROUGH DECEMBER 2024, AND QUARTERLY PRINCIPAL AND INTEREST PAYMENTS THEREAFTER THROUGH DECEMBER 2047. THE EXPENSES IN FISCAL YEAR 2022 WERE THE INTEREST OF THE TWO LOANS AND BUILDING DEPRECIATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Floresto Cabias President | OfficerTrustee | 0 | $0 |
Keiba Crear Secretary-Tr | OfficerTrustee | 0 | $0 |
Tim Wong Director | Trustee | 0 | $0 |
Michael Saunders Director | Trustee | 0 | $0 |
Sandra Ramaker 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $115,000 |
| Investment income | $25 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $115,025 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| 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 | $7,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $58,000 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $98,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $212,569 |
| Insurance | $1,211 |
| All other expenses | $10 |
| Total functional expenses | $377,290 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,756 |
| Savings and temporary cash investments | $145,370 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,888 |
| 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 | $16,333 |
| Net Land, buildings, and equipment | $7,633,875 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,844,222 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $9,583 |
| 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 | $9,800,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,809,583 |
| Net assets without donor restrictions | -$1,965,361 |
| 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 | $7,844,222 |
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 |