Nevada Community Foundation Inc

Organization Overview

Nevada Community Foundation Inc is located in Las Vegas, NV. The organization was established in 1993. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Nevada Community Foundation Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nevada Community Foundation 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, Nevada Community Foundation Inc generated $23.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.8% each year . All expenses for the organization totaled $25.7m during the year ending 06/2022. While expenses have increased by 13.7% per year over the past 7 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.

Since 2015, Nevada Community Foundation Inc has awarded 763 individual grants totaling $76,935,810. 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE NEVADA COMMUNITY FOUNDATION IS TO RECEIVE AND ACCEPT FUNDS TO BE ADMINISTERED AND DISBURSED THROUGH GRANTS EXCLUSIVELY FOR CHARITABLE PURPOSES PRIMARILY IN NEVADA OR FOR THE BENEFIT OF RESIDENTS OF NEVADA, SUPPORT THE SOLVING OF COMMUNITY ISSUES AND TO MATCH DONOR PHILANTHROPIC INTEREST WITH THE MYRIAD NEEDS OF THE COMMUNITY.

Describe the Organization's Program Activity:

THE PRIMARY PROGRAM EXPENSE OF THE FOUNDATION CONSISTS OF ITS DIRECT FINANCIAL SUPPORT OF OTHER CHARITIES AND CHARITABLE CAUSES. OTHER SUBSTANTIAL ACTIVITIES CLASSIFIED AS PROGRAM EXPENDITURES INCLUDE THE CONVENING OF CHARITIES TO EXAMINE DIFFERENT COMMUNITY ISSUES, THE CREATION AND PUBLICATION OF EDUCATIONAL AND RESOURCE MATERIALS, TECHNICAL AND ORGANIZATIONAL CONSULTING ASSISTANCE TO CHARITIES, AND PUBLIC EDUCATION EFFORTS DESIGNED TO RAISE THE LEVEL OF CHARITABLE GIVING FOR THE BROAD BENEFIT OF ALL NON-PROFITS IN NEVADA.


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Board, Officers & Key Employees

Name (title)Compensation
Gian Brosco
President An
$263,514
Jane Ramos
COO
$102,980
Keith Latham
Director Of
$54,812
Duncan Lee
Chairperson
$0
Geraldine Tomich
Treasurer
$0
Michael Threet
Vice Chairpe
$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$10,112,952
Noncash contributions included in lines 1a–1f $2,362,076
Total Revenue from Contributions, Gifts, Grants & Similar$10,112,952
Total Program Service Revenue$60,150
Investment income $1,766,805
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,017,610
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $23,282,106

Grants Awarded

Over the last fiscal year, Nevada Community Foundation Inc has awarded $6,981,738 in support to 75 organizations.

Grant RecipientAmount

CORNELL UNIVERSITY

Org PageRecipient Profile

Ithaca, NY

PURPOSE: CHARITABLE

$2,000,000

Las Vegas, NV

PURPOSE: CHARITABLE

$1,399,900

Las Vegas, NV

PURPOSE: CHARITABLE

$1,187,950

WARRIOR CANINE CONNECTION INC

Org PageRecipient Profile

Boyds, MD

PURPOSE: CHARITABLE

$200,000

SAVING GIZMOS FRIENDS

Org PageRecipient Profile

Los Angeles, CA

PURPOSE: CHARITABLE

$150,000

ST JUDE'S CHILDREN'S RESEARCHHOSPITAL

Org PageRecipient Profile

Memphis, TN

PURPOSE: CHARITABLE

$100,250
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Nevada Community Foundation Inc has recieved totaling $15,000.

Awarding OrganizationAmount
Shulman Family Foundation

Las Vegas, NV

PURPOSE: TO PROVIDE SUPPORT TO EXEMPT ORGANIZATION

$10,000
Susan Greenspun Fine Family Foundation

Henderson, NV

PURPOSE: DONATIONS

$5,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$944,134
Earnings-$117,710
Other Expense$11,377
Ending Balance$815,047

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