Nevada Business Opportunity Fund
- Assets
- $172.2k
- Revenue
- $340.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 10/1995
- Data as of
- 12/2021
- EIN
- 88-0330270
Organization Overview
Nevada Business Opportunity Fund is located in Las Vegas, NV. The organization was established in 1995. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nevada Business Opportunity Fund 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 Business Opportunity Fund generated $340.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $241.3k during the year ending 12/2021. While expenses have increased by 0.0% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE NEVADA BUSINESS OPPORTUNITY FUNDS MISSION IS TO ENHANCE THE ECONOMIC SELF-SUFFICIENCY AND QUALITY OF LIFE OF LOW-TO-MODERATE INCOME INDIVIDUALS THROUGH ENTREPRENEUIAL TRAINING, TECHNICAL ASSISTANCE AND ACCESS TO LENDING FOR NEW AND EXPANDING BUSINESSES IN THE STATE OF NV.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGHOUT THE FISCAL YEAR ENDING DECEMBER 31, 2021 NEVADA BUSINESS OPPORTUNITY FUND (NBOF) AND ITS WOMENS BUSINESS CENTER (WBC)OFFERED ITS TRAINING CLASSES FREE OF CHARGE AND HEAVILY MARKETED THESE CLASSES WITH THE COMPANYS PARTNERS, INCLUDING THE SBA AND THE NEVADA DEPARTMENT OF BUSINESS & INDUSTRY, LOCAL CHAMBERS OF COMMERCE, AND OTHER ORGANIZATIONS WITH SIMILAR GOALS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leanna Jenkins Executive Director | Officer | 0 | $0 |
Monica Coburn Member | Trustee | 2 | $0 |
Shaundel Newsome Member | Trustee | 2 | $0 |
Scott Aney Chairman | Trustee | 4 | $0 |
Nancy Brown Member | Trustee | 0 | $0 |
Kathleen Taylor Assistant | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $328,069 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,247 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $339,316 |
| Total Program Service Revenue | $861 |
| 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 | $340,177 |
| 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 | $127,631 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,945 |
| Payroll taxes | $17,801 |
| Fees for services: Management | $33,776 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $500 |
| Office expenses | $21,555 |
| Information technology | $2,670 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,479 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $791 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $23,270 |
| All other expenses | $0 |
| Total functional expenses | $241,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,017 |
| Savings and temporary cash investments | $40,039 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,151 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $172,207 |
| Accounts payable and accrued expenses | $20,150 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $20,150 |
| Net assets without donor restrictions | $0 |
| 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 | $152,057 |
| Total liabilities and net assets/fund balances | $172,207 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Nevada Business Opportunity Fund has recieved totaling $25,011.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For Employment Training San Jose, CA | $31,804,454 | $32,924,536 |
Proteus Inc Visalia, CA | $12,093,986 | $29,240,779 |
San Diego Workforce Partnership Inc San Diego, CA | $11,460,026 | $27,546,774 |
Jvs Socal Los Angeles, CA | $23,647,711 | $28,759,145 |
Summer Search Oakland, CA | $27,211,830 | $33,940,327 |
Options For All Inc San Diego, CA | $11,651,717 | $19,801,261 |
Central Valley Opportunity Center Winton, CA | $7,895,014 | $14,975,890 |
Urban Corps Of San Diego San Diego, CA | $15,173,777 | $14,300,091 |
Film L A Inc Los Angeles, CA | $20,241,193 | $14,666,382 |
Yuma Private Industry Council Incorporated Yuma, AZ | $2,039,938 | $12,291,085 |
Workforce Development Corporation Southeast Los Angeles County Inc Cerritos, CA | $3,079,206 | $9,291,553 |
Arizona Industries For The Blind Phoenix, AZ | $15,708,519 | $11,232,717 |