Nevada School Of The Arts
- Assets
- $150.7k
- Revenue
- $476.1k
- Investments
- $0.0
- Employees
- 45
- Location
- Las Vegas, NV
- Founding
- 09/1977
- Data as of
- 08/2023
- EIN
- 94-2428993
Organization Overview
Nevada School Of The Arts is located in Las Vegas, NV. The organization was established in 1977. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2023, Nevada School Of The Arts employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nevada School Of The Arts 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 08/2023, Nevada School Of The Arts generated $476.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $755.1k during the year ending 08/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
AT NEVADA SCHOOL OF THE ARTS (NSA), OUR MISSION IS TO PROVIDE A DYNAMIC AND INCLUSIVE PERFORMING AND VISUAL ARTS EDUCATION TO A DIVERSE COMMUNITY OF STUDENTS SPANNING ALL AGES AND BACKGROUNDS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO CHAMPION EQUITY AND ACCESS FOR ALL, NSA IS STEADFAST IN ITS MISSION TO EXTEND OPPORTUNITIES TO UNDER-RESOURCED STUDENTS IN HISTORICALLY MARGINALIZED COMMUNITIES. WE BELIEVE THAT THE ARTS CAN SERVE AS A CATALYST FOR POSITIVE CHANGE, UNLOCKING POTENTIAL AND PROVIDING A PATHWAY TO A BRIGHTER FUTURE. -SERVING 300 FAMILIES ANNUALLY -OVER $75K IN SCHOLARSHIPS AWARDED ANNUALLY -COMMUNITY INITIATIVES SEEKS OUT TALENT IN UNDERSERVED AREAS -PROVIDING A CORNERSTONE FOR ARTS EDUCATION IN SOUTHERN NEVADA FOR 50 YEARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Kovach Chairman | Trustee | 1 | $0 |
Yin Nawaday Treasurer | Trustee | 1 | $0 |
Benjamin Burns Secretary | Trustee | 1 | $0 |
John Waldron Trustee | Trustee | 1 | $0 |
Kathryn Greene Trustee | Trustee | 1 | $0 |
Latoya Holman Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $66,291 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $38,228 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $104,519 |
| Total Program Service Revenue | $373,326 |
| Investment income | $916 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$15,398 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $476,120 |
| 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 | $306,558 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,374 |
| Payroll taxes | $23,925 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,616 |
| Advertising and promotion | $24,889 |
| Office expenses | $11,039 |
| Information technology | $1,865 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,187 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,314 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $800 |
| Insurance | $10,939 |
| All other expenses | $53,502 |
| Total functional expenses | $755,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $129,930 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,571 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $15,200 |
| Other assets | $0 |
| Total assets | $150,701 |
| Accounts payable and accrued expenses | $47 |
| 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 | $393,121 |
| Other liabilities | $0 |
| Total liabilities | $393,168 |
| 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 | -$242,467 |
| Total liabilities and net assets/fund balances | $150,701 |