University Of Nevada-Reno Foundation
- Assets
- $310.8m
- Revenue
- $35.7m
- Investments
- $80.3m
- Employees
- 0
- Location
- Reno, NV
- Founding
- 01/1982
- Data as of
- 06/2019
- EIN
- 94-2781749
Organization Overview
University Of Nevada-Reno Foundation is located in Reno, NV. The organization was established in 1982. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Nevada-Reno Foundation 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 06/2019, University Of Nevada-Reno Foundation generated $35.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $54.2m during the year ending 06/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO AID, SUPPORT, & ASSIST THE UNIVERSITY OF NEVADA, RENO TO ENHANCE THE QUALITY OF EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNIVERSITY PROGRAMS: THE UNIVERSITY OF NEVADA RENO FOUNDATION RECEIVES, MANAGES & DISBURSES FUNDS IN ACCORDANCE WITH THE DESIGNATED RESTRICTED PURPOSE FOR WHICH THE GIFTS WERE DONATED. PROVIDES PROGRAMMATIC FUNDING SUPPORTING STUDENTS, FACULTY, RESEARCH & THE COMMUNITY IN THE AREA FUNDS WERE RAISED FOR. TOTAL ENDOWED PROFESSORSHIPS AND CHAIRS INCREASED BY 18 FOR A TOTAL OF 63 ENDOWED POSITIONS.
CAPITAL PROJECTS: ASSIST IN FUNDING CONSTRUCTION PROJECTS ON CAMPUS. PROJECTS INCLUDE ARTS BUILDING, ENGINEERING BUILDING, PENNINGTON HEALTH SCIENCES BUILDING, COLLEGE OF EDUCATION STUDENT SUCCESS CENTER, MOANA MEDICAL BUILDING, COBRE CARDIOLOGY RESEARCH LAB RENOVATION, E.L. WIEGAND FITNESS CENTER, UNIVERSITY ENTRY MONUMENT, JENSEN PLAZA, STERILIZATION ROOM, MACKAY STADIUM, AND MORRILL HALL. WE SUPPORTED FOUR NEW BUILDINGS AND 29 RENOVATIONS ACROSS CAMPUS SINCE 2013.
UNIVERSITY SCHOLARSHIPS: SCHOLARSHIP FUNDING WAS USED FOR STUDENT SCHOLARSHIP AWARDS FOR BOTH NEED AND MERIT BASED. WE FUNDED APPROXIMATELY 29,000 DONOR-SUPPORTED SCHOLARSHIPS SINCE 2013; MORE THAN 4,800 STUDENTS RECEIVED DONOR-FUNDED SCHOLARSHIPS DURING THE 2020-21 ACADEMIC YEAR
ALUMNI PROGRAMS: FUNDING WAS PROVIDED TO ALUMNI ASSOCIATION AND VARIOUS ALUMNI CHAPTERS TO STRENGTHEN TIES TO THE UNIVERSITY COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Rodefer Chair | OfficerTrustee | 30 | $0 |
Janet Mello Vice Chair Events | OfficerTrustee | 4 | $0 |
Dean Byrne Vice Chair Investment | OfficerTrustee | 4 | $0 |
Mark Denzler Left Mid-Year Vice Chair Investment | OfficerTrustee | 4 | $0 |
Stephanie Kruse Vice Chair Nominating | OfficerTrustee | 4 | $0 |
Felicia O Carroll Vice Chair Audit | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,580,292 |
| Investment income | $10,591,573 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $46,735 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $128,999 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $35,673,494 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $3,924,517 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,539 |
| Fees for services: Accounting | $47,552 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $165,605 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $86,735 |
| Advertising and promotion | $300 |
| Office expenses | $449,292 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $70,089 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,353 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,987 |
| Insurance | $15,246 |
| All other expenses | $17,991 |
| Total functional expenses | $54,243,567 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,730,616 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $12,281,084 |
| Accounts receivable, net | $1,017,554 |
| 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 | $407,789 |
| Investments—publicly traded securities | $169,575,226 |
| Investments—other securities | $80,324,208 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $310,760,494 |
| Accounts payable and accrued expenses | $213,141 |
| Grants payable | $1,306,465 |
| Deferred revenue | $5,094,200 |
| 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 | $6,613,806 |
| Net assets without donor restrictions | $17,282,528 |
| Net assets with donor restrictions | $85,411,628 |
| Capital stock or trust principal, or current funds | $201,452,532 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $304,146,688 |
Grants Awarded
Over the last fiscal year, University Of Nevada-Reno Foundation has awarded $40,484,398 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Reno, NV PURPOSE: University Programs | $18,428,568 |
Reno, NV PURPOSE: Capital Projects | $15,455,974 |
Reno, NV PURPOSE: University Scholarships | $6,526,414 |
Reno, NV PURPOSE: Alumni Programs | $73,442 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that University Of Nevada-Reno Foundation has recieved totaling $797,366.
| Awarding Organization | Amount |
|---|---|
Greater Nevada Credit Union Carson City, NV PURPOSE: GENERAL SUPPORT | $190,000 |
Nevada Surplus Lines Foundation Reno, NV PURPOSE: PUBLIC EDUCATION | $164,860 |
Community Foundation Of Western Nevada Reno, NV PURPOSE: Travel & training - UNR Diving | $129,860 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $106,458 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Education | $50,000 |
Community Foundation Of Western Nevada Reno, NV PURPOSE: Dean's Excellence Fund #250010 | $36,000 |
Endowment Analysis
| Beg. Balance | $230,531,484 |
| Earnings | $80,263,512 |
| Admin Expense | $4,714,507 |
| Net Contributions | $5,180,141 |
| Other Expense | $9,392,887 |
| Grants | $2,384,066 |
| Ending Balance | $299,483,677 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Enterprises Inc Sacramento, CA | $150,298,368 | $99,291,560 |
University Of California Irvine Foundation Irvine, CA | $884,006,067 | $143,548,070 |
U C San Diego Foundation La Jolla, CA | $1,658,962,820 | $199,905,173 |
California State University Fresno Foundation Fresno, CA | $305,581,286 | $82,049,002 |
University Corporation At Monterey Bay Seaside, CA | $199,917,843 | $49,155,763 |
San Jose State University Research Foundation San Jose, CA | $57,091,451 | $53,661,013 |
University Of Nevada-Reno Foundation Reno, NV | $310,760,494 | $35,673,494 |
The U C Davis Foundation Davis, CA | $716,342,130 | $110,976,640 |
Southwestern Law School Los Angeles, CA | $126,801,745 | $54,692,632 |
Associated Students Ucla Los Angeles, CA | $54,580,827 | $39,327,069 |
Csu Fullerton Auxiliary Services Corporation Fullerton, CA | $104,352,109 | $45,637,535 |
New Schools Fund Oakland, CA | $55,397,321 | $41,218,694 |