Sierra Nevada College
- Assets
- $45.9m
- Revenue
- $25.3m
- Investments
- $4.3m
- Employees
- 329
- Location
- Incline Village, NV
- Founding
- 09/1969
- Data as of
- 06/2021
- EIN
- 88-0121831
Organization Overview
Sierra Nevada College, operating under the name Sierra Nevada University, is located in Incline Village, NV. The organization was established in 1969. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Sierra Nevada University employed 329 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sierra Nevada University 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, Sierra Nevada University generated $25.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $20.3m during the year ending 06/2021. 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
TO COMBINE THE LIBERAL ARTS AND PROFESSIONAL PREPAREDNESS THROUGH AN INTERDISCIPLINARY CURRICULUM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SIERRA NEVADA IS A FULLY ACCREDITED INSTITUTION OF HIGHER LEARNING. DURING THE FISCAL YEAR 2021 HIGHER EDUCATIONAL SERVICES PROVIDED TO APPROXIMATELY 1,400 STUDENTS.
SIERRA NEVADA IS A FULLY ACCREDITED INSTITUTION OF HIGHER LEARNING. DURING THE FISCAL YEAR 2021 HIGHER EDUCATIONAL SERVICES PROVIDED TO APPROXIMATELY 1,400 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shannon Beets Provost (until Oct. 2020) | Officer | 30 | $194,477 |
Susan Johnsontreasurer VP Of Finance & Admin | Officer | 30 | $161,898 |
Victoria Lobosco Controller/avpfa (until May 2021) | 30 | $130,050 | |
Alan Walker Former President | 0 | $120,423 | |
Kristine Youngsecretary Exec Assistant To The President | Officer | 30 | $70,228 |
Robert Valli President (as Of Aug. 2020) | Officer | 30 | $28,756 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ellucian Company Lp Software Support | 6/29/21 | $196,896 |
Oculusit It Support | 6/29/21 | $166,323 |
Sodexo Inc Food And Facility Services | 6/29/21 | $987,927 |
Eidebailly Llp Auditing And Consulting Services | 6/29/21 | $109,221 |
Sodexo Inc Food And Facility Services | 6/29/21 | $987,927 |
Ellucian Company Lp Software Support | 6/29/21 | $196,896 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $541,502 |
| Related organizations | $0 |
| Government grants | $2,787,530 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,061,958 |
| Noncash contributions included in lines 1a–1f | $10,403 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,390,990 |
| Total Program Service Revenue | $12,206,025 |
| Investment income | $48,708 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $122,098 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$7,239 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$499,870 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,316,943 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,019,234 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $469,211 |
| Compensation of current officers, directors, key employees. | $469,211 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,678,631 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $494,442 |
| Payroll taxes | $471,867 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $555,701 |
| Fees for services: Accounting | $70,521 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,337 |
| Fees for services: Other | $1,352,036 |
| Advertising and promotion | $131,626 |
| Office expenses | $2,733,843 |
| Information technology | $447,832 |
| Royalties | $0 |
| Occupancy | $389,015 |
| Travel | $116,874 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,983 |
| Interest | $185,536 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,138,428 |
| Insurance | $392,305 |
| All other expenses | $18,820 |
| Total functional expenses | $20,321,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,149,516 |
| Savings and temporary cash investments | $7,303,321 |
| Pledges and grants receivable | $198,815 |
| Accounts receivable, net | $978,677 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $72,007 |
| Prepaid expenses and deferred charges | $959,181 |
| Net Land, buildings, and equipment | $26,314,390 |
| Investments—publicly traded securities | $2,368,667 |
| Investments—other securities | $4,340,752 |
| Investments—program-related | $0 |
| Intangible assets | $1,910,477 |
| Other assets | $302,366 |
| Total assets | $45,898,169 |
| Accounts payable and accrued expenses | $6,634,507 |
| Grants payable | $0 |
| Deferred revenue | $1,472,938 |
| 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 | $89,048 |
| Unsecured mortgages and notes payable | $1,525,977 |
| Other liabilities | $0 |
| Total liabilities | $9,722,470 |
| Net assets without donor restrictions | $26,656,604 |
| Net assets with donor restrictions | $9,519,095 |
| 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 | $45,898,169 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sierra Nevada College has recieved totaling $0.
| Awarding Organization | Amount |
|---|---|
Deborah And T J Day Foundation Reno, NV PURPOSE: TO SUPPORT AND PROVIDE HIGH QUALITY EDUCATION. | $0 |
Endowment Analysis
| Beg. Balance | $6,087,055 |
| Earnings | $1,196,975 |
| Admin Expense | $20,710 |
| Net Contributions | $20,000 |
| Other Expense | $67,985 |
| Ending Balance | $7,215,335 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pacific Union College Angwin, CA | $98,736,096 | $48,958,321 |
Menlo College Atherton, CA | $48,235,643 | $52,004,358 |
Corban University Salem, OR | $26,227,993 | $40,955,830 |
Arizona Christian University Glendale, AZ | $57,965,116 | $41,715,936 |
Simpson University Redding, CA | $52,447,499 | $43,472,556 |
American Jewish University Los Angeles, CA | $129,826,086 | $22,806,857 |
Thomas Aquinas College Santa Paula, CA | $136,623,649 | $24,709,172 |
San Diego Christian College Santee, CA | $4,048,985 | $20,357,580 |
Sierra Nevada College Incline Village, NV | $45,898,169 | $25,316,943 |
Columbia College Tarzana, CA | $10,228,800 | $19,320,948 |
University Of The People Pasadena, CA | $8,426,107 | $18,756,835 |
Foundation For Hispanic Education San Jose, CA | $9,597,564 | $17,861,109 |