Las Vegas Events Inc
- Assets
- $8.6m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 19
- Location
- Las Vegas, NV
- Founding
- 05/1984
- Data as of
- 06/2021
- EIN
- 88-0184945
Organization Overview
Las Vegas Events Inc is located in Las Vegas, NV. The organization was established in 1984. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Las Vegas Events Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Las Vegas Events Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2021, Las Vegas Events Inc generated $5.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (23.4%) each year. All expenses for the organization totaled $5.8m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (23.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Las Vegas Events Inc has awarded 254 individual grants totaling $35,032,507. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LAS VEGAS EVENTS, INC. SUPPORTS THE DEVELOPMENT, PROMOTION, AND OPERATION OF SPECIAL EVENTS WHICH ENCOURAGE TRAVELERS TO VISIT THE LAS VEGAS COMMUNITY AND ADVANCE THE COMMERCIAL INTERESTS OF SOUTHERN NEVADA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCTION OF THE NATIONAL FINALS RODEO TO PROMOTE TOURISM AND ADVANCE THE COMMERICAL INTERESTS OF SOUTHERN NEVADA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pat Christenson President | Officer | 40 | $353,737 |
Dean Gardner Vice President - Corporate | Officer | 40 | $155,698 |
Timothy Keener Vice President - Operation | Officer | 40 | $151,398 |
Dale Eeles Vice President - Event Dev | Officer | 40 | $151,287 |
Michael Mack Vice President - Marketing | Officer | 40 | $148,185 |
Diana Mccall Vice President - Finance | Officer | 40 | $120,687 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $2,643,086 |
| 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 | $2,643,086 |
| Total Program Service Revenue | $2,866,517 |
| Investment income | $24,882 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,441 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,544,926 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,153,055 |
| 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 | $2,045,840 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $276,495 |
| Payroll taxes | $119,472 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,068 |
| Fees for services: Accounting | $37,698 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $306,824 |
| Office expenses | $79,500 |
| Information technology | $53,351 |
| Royalties | $0 |
| Occupancy | $577,933 |
| Travel | $70,978 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,055 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,308 |
| Insurance | $169,802 |
| All other expenses | $136,539 |
| Total functional expenses | $5,832,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,831,820 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $491,177 |
| 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 | $1,127,544 |
| Net Land, buildings, and equipment | $129,197 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,913 |
| Total assets | $8,586,651 |
| Accounts payable and accrued expenses | $509,710 |
| Grants payable | $0 |
| Deferred revenue | $7,465,789 |
| 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 | $41,189 |
| Total liabilities | $8,016,688 |
| Net assets without donor restrictions | $569,963 |
| 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 | $8,586,651 |
Grants Awarded
Over the last fiscal year, Las Vegas Events Inc has awarded $1,153,055 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Arlington, TX PURPOSE: SUPPORT COMMERCE IN SOUTHERN NEVADA | $356,303 |
San Francisco, CA PURPOSE: SUPPORT COMMERCE IN SOUTHERN NEVADA | $300,000 |
Colorado Springs, CO PURPOSE: SUPPORT COMMERCE IN SOUTHERN NEVADA | $100,000 |
San Mateo, CA PURPOSE: SUPPORT COMMERCE IN SOUTHERN NEVADA | $100,000 |
Laughlin, NV PURPOSE: SUPPORT COMMERCE IN SOUTHERN NEVADA | $99,500 |
MESQUITE CLASSIC NIGHTS CAR SHOW (MESQUITE RESORT ASSOCIATION) PURPOSE: SUPPORT COMMERCE IN SOUTHERN NEVADA | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chinatown Service Center Los Angeles, CA | $26,778,687 | $27,867,616 |
Sag-Aftra & Industry Sound Recordings Distribution Fund Valley Village, CA | $48,142,351 | $13,604,136 |
Electric & Gas Industries Association Sacramento, CA | $14,735,713 | $15,175,016 |
American Pistachio Growers Fresno, CA | $11,494,323 | $15,365,842 |
National Council For Prescription Drug Programs Inc Scottsdale, AZ | $21,339,680 | $12,526,720 |
Travel Portland Portland, OR | $18,865,244 | $9,767,566 |
California Society Of Certified Public Accountants Burlingame, CA | $29,880,424 | $13,544,885 |
Scottsdale Convention And Vistors Bureau Inc Scottsdale, AZ | $8,006,659 | $12,242,411 |
Sustainable Apparel Coalition Inc Oakland, CA | $12,069,125 | $10,210,019 |
Portland Business Alliance Portland, OR | $2,909,182 | $8,830,293 |
California Certified Public Accountants Foundation Burlingame, CA | $12,236,942 | $9,436,468 |
California Life Sciences Association San Diego, CA | $8,698,147 | $9,649,305 |