University Of Nevada Las Vegas Foundation
- Assets
- $436.2m
- Revenue
- $57.8m
- Investments
- $246.2m
- Employees
- 57
- Location
- Las Vegas, NV
- Founding
- 08/1982
- Data as of
- 06/2022
- EIN
- 94-2790134
Organization Overview
University Of Nevada Las Vegas Foundation is located in Las Vegas, 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. As of 06/2022, University Of Nevada Las Vegas Foundation employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Nevada Las Vegas 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 06/2022, University Of Nevada Las Vegas Foundation generated $57.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $37.7m during the year ending 06/2022. While expenses have increased by 1.8% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRIVATE PHILANTHROPIC FUNDS ENHANCE THE QUALITY OF THE UNIVERSITY AND STRENGTHEN ITS MISSION OF TEACHING, RESEARCH, AND PUBLIC SERVICE. (CONTINUED IN SCHEDULE O).
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNLV IS AN INSTITUTION THAT ASPIRES TO BECOME ONE OF THE NATION'S BEST PUBLIC URBAN UNIVERSITIES FOR RESEARCH AND STUDENT ACHIEVEMENT. THE FOUNDATION WORKS DAILY TO IDENTIFY AND MANAGE PRIVATE GIFTS AND RESOURCES TO STRATEGICALLY SUPPORT THE NEEDS AND OPPORTUNITIES IDENTIFIED BY UNLV THAT WILL HELP BUILD ON AN ALREADY ROBUST CULTURE OF FACULTY-STUDENT RESEARCH, COMMUNITY PARTNERSHIP, AND EXPANDING OPPORTUNITIES FOR EXPERIENTIAL LEARNING THROUGH WORK IN THE LAB, STUDIO, AND FIELD. IN FY22, DONORS GAVE MORE THAN $65 MILLION IN NEW GIFTS, PLEDGES AND SERVICES. THESE FUNDS ENHANCE THE QUALITY OF THE UNIVERSITY AND ITS MISSIONS OF EDUCATING STUDENTS, DRIVING RESEARCH AND INNOVATION, AND STIMULATING OUR COMMUNITY'S WELLBEING AND ECONOMIC DEVELOPMENT. THE COLLEGE OF EDUCATION LED DEVELOPMENT EFFORTS, RAISING NEARLY $11 MILLION. THE KIRK KERKORIAN SCHOOL OF MEDICINE RAISED MORE THAN $7.5 MILLION, ATHLETICS RAISED $3.7 MILLION, AND THE COLLEGE OF FINE ARTS RAISED MORE THAN $3.5 MILLION.
PROVIDE FUNDING FOR VARIOUS SCHOLARSHIPS TO STUDENTS ATTENDING THE UNIVERSITY OF NEVADA, LAS VEGAS. UNLV SETS THE CRITERIA FOR SCHOLARSHIPS AND DISBURSES ALL AWARDS TO STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rickey Mccurry President, Unlv Foundation | Officer | 30 | $311,805 |
Tiffany Vickers Savp, Finance & Admin & CFO | Officer | 50 | $224,913 |
Cindy Rivelli Associate VP For Development | 50 | $173,873 | |
Goce Musovski Chief Information Officer | 50 | $152,803 | |
Bud Beekman Director Of Gift Planning | 50 | $124,639 | |
Blake Douglas Associate VP For Alumni Engage | 50 | $121,926 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blackbaud Database | 6/29/22 | $207,458 |
Callan Llc Investment Advisors | 6/29/22 | $179,368 |
Ruffalo Noel Levitz Solicitation | 6/29/22 | $542,832 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,846,958 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $44,789,387 |
| Noncash contributions included in lines 1a–1f | $6,243,633 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,636,345 |
| Total Program Service Revenue | $0 |
| Investment income | $7,235,639 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $55,731 |
| Net Gain/Loss on Asset Sales | $1,796,889 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $57,839,511 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $26,436,797 |
| 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. | $1,044,849 |
| Compensation of current officers, directors, key employees. | $356,434 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,427,253 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,320,184 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,567 |
| Fees for services: Accounting | $75,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $553,234 |
| Fees for services: Investment Management | $1,040,173 |
| Fees for services: Other | $356,432 |
| Advertising and promotion | $24,021 |
| Office expenses | $674,001 |
| Information technology | $430,612 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $35,165 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $119,189 |
| Interest | $142,616 |
| Payments to affiliates | $52,500 |
| Depreciation, depletion, and amortization | $57,659 |
| Insurance | $29,170 |
| All other expenses | $0 |
| Total functional expenses | $37,681,192 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,152,366 |
| Savings and temporary cash investments | $8,163,536 |
| Pledges and grants receivable | $17,493,870 |
| Accounts receivable, net | $692,136 |
| 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 | $71,701 |
| Net Land, buildings, and equipment | $353,080 |
| Investments—publicly traded securities | $146,286,487 |
| Investments—other securities | $246,168,730 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,812,995 |
| Total assets | $436,194,901 |
| Accounts payable and accrued expenses | $797,380 |
| 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 | $1,300,534 |
| Total liabilities | $2,097,914 |
| Net assets without donor restrictions | $7,539,287 |
| Net assets with donor restrictions | $426,557,700 |
| 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 | $436,194,901 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that University Of Nevada Las Vegas Foundation has recieved totaling $47,000.
| Awarding Organization | Amount |
|---|---|
Sayles Advancement In Education Foundation Las Vegas, NV PURPOSE: SCHOLARSHIPS | $47,000 |
Endowment Analysis
| Beg. Balance | $173,354,901 |
| Net Contributions | $14,507,765 |
| Ending Balance | $187,862,666 |
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 |