University Of Nevada Las Vegas Foundation
- Assets
- $452.6m
- Revenue
- $55.9m
- Investments
- $222.0m
- Employees
- 47
- Location
- Las Vegas, NV
- Founding
- 08/1982
- Data as of
- 06/2021
- 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 06/2023, University Of Nevada Las Vegas Foundation employed 47 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 06/2021, University Of Nevada Las Vegas Foundation generated $55.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $50.4m during the year ending 06/2021. While expenses have increased by 6.1% 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
2021
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
DURING THE 2022-2023 ACADEMIC YEAR, THE UNLV FOUNDATION INTRODUCED REBEL LEGACY, AN ONGOING STUDENT PHILANTHROPY INITIATIVE. AS A WAY OF HONORING THEIR CLASS YEAR, STUDENTS ARE INVITED TO GIVE GIFTS AMOUNTING TO $20.22 FOR 2022 AND $20.23 FOR 2023, AND SO FORTH. THEY CAN CONTRIBUTE TO ANY AREA ON CAMPUS THAT THEY CHERISH OR TO THOSE THAT HAVE HAD A SIGNIFCANT IMPACT ON THEIR COLLEGE EXPERIENCE. IN RETURN, THE STUDENT DONORS ARE EACH GIVEN A GREEN CORD TO WEAR DURING THEIR COMMENCEMENT CEREMONY AS A SYMBOL OF THEIR GENEROSITY. FROM THE START, STUDENTS DONATED WITH HEARTFELT MESSAGES, SOME EVEN IN MEMORY OF LOVED ONES. ONE STUDENT FROM THE COLLEGE OF EDUCATION, WHO CHOSE TO REMAIN ANONYMOUS, GAVE TO THE BOYD SCHOOL OF LAW'S IMMIGRATION CLINIC TO ENABLE DACA DREAMERS TO PURSUE THEIR HAPPINESS. SIMILARLY, A STUDENT FROM LEE BUSINESS SCHOOL DONATED TO THE MILITARY & VETERAN SERVICES CENTER IN HONOR OF THOSE BRAVELY SERVING OUR COUNTRY AND CONTINUING THEIR EDUCATION AT UNLV. SUPPORT CAME THROUGH SO MANY MEMBERS OF THE UNLV COMMUNITY-UNDERGRADUATE AND GRADUATE STUDENTS, FACULTY, STAFF, PARENTS, AND ALUMNI-AND REPRESENTED NEARLY ALL ACADEMIC COLLEGES AND SCHOOLS. THE GREEN GENEROSITY CORDS WERE A VISUAL REMINDER OF THE GENEROSITY AND SPIRIT OF GIVING AT COMMENCEMENT CEREMONIES IN BOTH THE FALL AND SPRING OF THE LAST SCHOOL YEAR.
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 |
|---|---|---|---|
Keith Whitfield President, Unlv | Officer | 5 | $0 |
Rickey Mccurry President, Unlv Foundation | Officer | 30 | $325,288 |
Tiffany Vickers Savp, Finance & Admin & CFO | Officer | 50 | $249,509 |
Cindy Rivelli Associate VP For Development | 50 | $214,279 | |
Goce Musovski Chief Information Officer | 50 | $161,222 | |
Patrice Hester-Harper Avp Development & Princ. Gift | 50 | $154,898 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ruffalo Noel Levitz Solicitation | 6/29/23 | $542,833 |
Blackbaud Database | 6/29/23 | $217,487 |
Callan Llc Investment Advisors | 6/29/23 | $179,368 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,360,484 |
| Investment income | $4,198,343 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,088 |
| Net Gain/Loss on Asset Sales | $23,577,715 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $55,938,579 |
| 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. | $1,698,760 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,223,345 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,246,988 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,526 |
| Fees for services: Accounting | $99,752 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $474,942 |
| Fees for services: Investment Management | $916,757 |
| Fees for services: Other | $234,995 |
| Advertising and promotion | $11,550 |
| Office expenses | $530,121 |
| Information technology | $418,660 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,531 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $112,590 |
| Interest | $46,231 |
| Payments to affiliates | $130,840 |
| Depreciation, depletion, and amortization | $62,846 |
| Insurance | $28,473 |
| All other expenses | $0 |
| Total functional expenses | $50,384,812 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,352,126 |
| Savings and temporary cash investments | $17,496,232 |
| Pledges and grants receivable | $23,332,280 |
| Accounts receivable, net | $607,575 |
| 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 | $55,410 |
| Investments—publicly traded securities | $176,952,079 |
| Investments—other securities | $221,950,909 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,463,582 |
| Total assets | $452,579,432 |
| Accounts payable and accrued expenses | $933,567 |
| 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 | $1,592,544 |
| Total liabilities | $2,526,111 |
| 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 |
| Total liabilities and net assets/fund balances | $450,053,321 |