Community Foundation Of Northern Nevada
- Assets
- $127.9m
- Revenue
- $18.1m
- Investments
- $9.2m
- Employees
- 13
- Location
- Reno, NV
- Founding
- 02/1998
- Data as of
- 12/2022
- EIN
- 88-0370179
Organization Overview
Community Foundation Of Northern Nevada is located in Reno, NV. The organization was established in 1998. 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 12/2022, Community Foundation Of Northern Nevada employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Northern Nevada 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 12/2022, Community Foundation Of Northern Nevada generated $18.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $15.5m during the year ending 12/2022. While expenses have increased by 10.0% per year over the past 8 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, Community Foundation Of Northern Nevada has awarded 1,555 individual grants totaling $76,509,320. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
INSPIRE PHILANTHROPY BY FACILITATING GRANTS, SCHOLARSHIPS, EDUCATION AND ADVISING.
Describe the Organization's Program Activity:
THE COMMUNITY FOUNDATION OF NORTHERN NEVADA EMPOWERS THE REGION BY FOSTERING PHILANTHROPY THROUGH DONOR-ADVISED FUNDS, SCHOLARSHIPS, NONPROFIT ENDOWMENTS, AND BEQUESTS. THE COMMUNITY FOUNDATION IS THE REGION'S EXPERT ON FACILITATING COMPLEX GIFTING. IN ADDITION TO PHILANTHROPIC ADVISING AND GRANTMAKING, THE COMMUNITY FOUNDATION IS AN ACTIVE LEADER AND CONVENER IN ADDRESSING LOCAL CAUSES, INCLUDING YOUTH EXPERIENCING HOMELESSNESS, PREVENTING FINANCIAL SCAMS, FAMILY CAREGIVER SUPPORT, AND TRANSITIONAL HOUSING. IN THE FUTURE, THE COMMUNITY FOUNDATION WILL CONTINUE ITS CORE PHILANTHROPIC WORK WHILE ALSO ADDRESSING THE NEEDS OF OUR COMMUNITY, INCLUDING SUPPORTING ACCESS TO MENTAL HEALTH, INCREASING NONPROFIT CAPACITY, AND CONTINUING WORKING TO ADDRESS HOUSING FOR OUR HIGHEST-NEED NEIGHBORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Melcher Board Chair | OfficerTrustee | 2 | $0 |
Beau Keenan Board Vice Chair | OfficerTrustee | 2 | $0 |
Julia Kingston Treasurer | OfficerTrustee | 2 | $0 |
Jason Morris Secretary | OfficerTrustee | 2 | $0 |
Steve Carrick Trustee | Trustee | 2 | $0 |
Leslie Daane Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Q & D Construction Construction | 12/30/20 | $567,790 |
Concrete Value Corp Of Nevada Construction | 12/30/20 | $145,567 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,585,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,690,107 |
| Noncash contributions included in lines 1a–1f | $737,056 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,275,107 |
| Total Program Service Revenue | $808,866 |
| Investment income | $3,517,402 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $47,539 |
| Net Gain/Loss on Asset Sales | $1,454,678 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,103,592 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,366,501 |
| Grants and other assistance to domestic individuals. | $885,102 |
| Grants and other assistance to Foreign Orgs/Individuals | $53,500 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $389,352 |
| Compensation of current officers, directors, key employees. | $155,741 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $514,258 |
| Pension plan accruals and contributions | $21,934 |
| Other employee benefits | $76,297 |
| Payroll taxes | $71,218 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,564 |
| Fees for services: Accounting | $50,063 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $420,915 |
| Fees for services: Other | $49,021 |
| Advertising and promotion | $24,892 |
| Office expenses | $23,536 |
| Information technology | $77,972 |
| Royalties | $0 |
| Occupancy | $65,625 |
| Travel | $2,208 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,767 |
| Interest | $23,732 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,206 |
| Insurance | $7,665 |
| All other expenses | $27,176 |
| Total functional expenses | $15,467,099 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,806,452 |
| Pledges and grants receivable | $10,124,684 |
| 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 | $64,626 |
| Net Land, buildings, and equipment | $4,738,006 |
| Investments—publicly traded securities | $88,304,110 |
| Investments—other securities | $9,165,005 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,727,336 |
| Total assets | $127,930,219 |
| Accounts payable and accrued expenses | $154,811 |
| Grants payable | $4,817,233 |
| 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 | $1,543,775 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,630,782 |
| Total liabilities | $12,146,601 |
| Net assets without donor restrictions | $38,703,682 |
| Net assets with donor restrictions | $77,079,936 |
| 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 | $127,930,219 |
Grants Awarded
Over the last fiscal year, Community Foundation Of Northern Nevada has awarded $12,396,366 in support to 161 organizations.
| Grant Recipient | Amount |
|---|---|
ADVOCATES TO END DOMESTIC VIOLENCE PURPOSE: General support | $11,489 |
AIR FORCE ASSOCIATION PURPOSE: Mitchell Institute | $50,000 |
AMERICAN CANCER SOCIETY - NEVADA PURPOSE: Carson City area | $11,489 |
AMERICAN CIVIL LIBERTIES UNION - ACLU PURPOSE: General support | $20,000 |
AMERICAN MEDIA COUNCIL INC PURPOSE: General Support | $40,000 |
ANIMAL ARK PURPOSE: General support | $10,000 |