Nevada Partners Inc
- Assets
- $8.7m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 24
- Location
- North Las Vegas, NV
- Founding
- 11/2019
- Data as of
- 12/2021
- EIN
- 88-0291463
Organization Overview
Nevada Partners Inc is located in North Las Vegas, NV. The organization was established in 2019. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 12/2021, Nevada Partners Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nevada Partners 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 12/2021, Nevada Partners Inc generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 7 years. 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
NEVADA PARTNERS' MISSION IS TO BUILD A HEALTHY, SUSTAINABLE COMMUNITY WHERE ALL RESIDENTS ACHIEVE THEIR FULL POTENTIAL THROUGH EFFECTIVE EDUCATION, MEANINGFUL EMPLOYMENT, AND VIBRANT CIVIC AND CULTURAL ENGAGEMENT.SEE SCHEDULE O FOR CONTINUANCE OF MISSION DESCRIPTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHAP PROGRAM FOR RENTAL AND UTILITY ASSISTANCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Monica Ford Ceo/president | Officer | 40 | $154,877 |
Joann Arguello Director Of Finance | Trustee | 40 | $80,000 |
Lizette Guillem Director Of Administration & Operations | Trustee | 40 | $66,948 |
Eric Chavez Housing Director | Trustee | 40 | $35,719 |
Yvette Thomas Human Resources Director | Trustee | 40 | $63,976 |
Ashanti Lewis Wlvpn Director | Trustee | 40 | $30,138 |
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 | $1,575,125 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,575,125 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $1,575,125 |
| 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. | $431,659 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $603,346 |
| Pension plan accruals and contributions | $46,322 |
| Other employee benefits | $178,739 |
| Payroll taxes | $119,163 |
| Fees for services: Management | $0 |
| Fees for services: Legal | -$2,115 |
| Fees for services: Accounting | $22,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $99,781 |
| Advertising and promotion | $14,168 |
| Office expenses | $277,916 |
| Information technology | $27,185 |
| Royalties | $0 |
| Occupancy | $22,204 |
| Travel | $8,415 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $574 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $411,475 |
| Insurance | $48,728 |
| All other expenses | $114,197 |
| Total functional expenses | $2,760,599 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $897,135 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $255,335 |
| 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 | $2,325 |
| Net Land, buildings, and equipment | $7,542,785 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,697,580 |
| Accounts payable and accrued expenses | $1,239,149 |
| Grants payable | $0 |
| 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 | $219,822 |
| Other liabilities | $215,421 |
| Total liabilities | $1,674,392 |
| Net assets without donor restrictions | $7,023,188 |
| 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 | $8,697,580 |