Boys & Girls Clubs Of Southern Nevada Foundation Inc
- Assets
- $35.7m
- Revenue
- $2.3m
- Investments
- $22.6k
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 08/1985
- Data as of
- 12/2021
- EIN
- 94-2965164
Organization Overview
Boys & Girls Clubs Of Southern Nevada Foundation Inc is located in Las Vegas, NV. The organization was established in 1985. According to its NTEE Classification (O23) the organization is classified as: Boys & Girls Clubs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boys & Girls Clubs Of Southern Nevada Foundation Inc 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 12/2021, Boys & Girls Clubs Of Southern Nevada Foundation Inc generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $58.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Boys & Girls Clubs Of Southern Nevada Foundation Inc has awarded 21 individual grants totaling $2,117,830. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FUNDRAISING TO SUPPORT THE BOYS & GIRLS CLUBS OF SOUTHERN NEVADA.
Describe the Organization's Program Activity:
THE BOYS & GIRLS CLUBS OF LAS VEGAS FOUNDATION SUPPORTS THE OPERATING AND CAPITAL EXPENSES OF THE BOYS & GIRLS CLUBS OF SOUTHERN NEVADA. THE CLUBS PROVIDE BEHAVIORAL GUIDANCE, EDUCATIONAL PROGRAMS, VOCATIONAL AND CHARACTER DEVELOPMENT IN 13 NEIGHBORHOOD FACILITIES TO OVER 20,000 CHILDREN AGES 5- 18, WITH A SPECIAL EMPHASIS TO SERVE DISADVANTAGED YOUTHS AND FAMILIES. THE BOYS & GIRLS CLUB OF LAS VEGAS FOUNDATION SOLICITS, RECEIVES, INVESTS AND DISBURSES FUNDS AS WELL AS HOLDS PROPERTY FOR THE ABOVE PURPOSES. THE FOUNDATION ALSO HOLDS THE ASSETS OF AND ADMINISTERS THE LAS VEGAS SUN SUMMER CAMP FUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Kerestesi Chair | OfficerTrustee | 1 | $0 |
Matt Nelson Secretary | OfficerTrustee | 1 | $0 |
Ken Rubeli Treasurer | OfficerTrustee | 1 | $0 |
Andy Bischel President/ce | Officer | 5 | $0 |
Wendy Albert Trustee | Trustee | 1 | $0 |
Marykaye Cashman Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,382,314 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,382,314 |
| Total Program Service Revenue | $0 |
| Investment income | $473,655 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,377 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,304,225 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $32,728 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $58,564 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,280,309 |
| Savings and temporary cash investments | $4,051,442 |
| Pledges and grants receivable | $485,607 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $12,736,005 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $48,000 |
| Investments—publicly traded securities | $15,537,963 |
| Investments—other securities | $22,603 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $500,000 |
| Total assets | $35,661,929 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $24,968,440 |
| Net assets with donor restrictions | $10,693,489 |
| 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 | $35,661,929 |
Grants Awarded
Over the last fiscal year, Boys & Girls Clubs Of Southern Nevada Foundation Inc has awarded $481,659 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Las Vegas, NV PURPOSE: LT OPER FUNDS & CAMP | $434,659 |
Las Vegas, NV PURPOSE: CAMP | $21,100 |
Reno, NV PURPOSE: CAMP | $16,000 |
SALVATION ARMY PURPOSE: CAMP | $9,900 |
Endowment Analysis
| Beg. Balance | $17,425,350 |
| Earnings | $1,244,297 |
| Net Contributions | $945,587 |
| Ending Balance | $19,615,234 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Boys And Girls Clubs Of Huntington Valley Fountain Valley, CA | $13,139,607 | $7,584,204 |
The Boys And Girls Clubs Of San Dieguito Encinitas, CA | $11,472,095 | $8,793,636 |
Boys & Girls Clubs Of Portland Metropolitan Area Portland, OR | $27,752,506 | $7,590,917 |
Boys & Girls Clubs Of Central Orange Coast Irvine, CA | $12,883,859 | $6,570,816 |
Boys & Girls Clubs Of Greater Salt Lake Murray, UT | $14,565,091 | $6,204,785 |
Boys & Girls Club Of West San Gabriel Valley Monterey Park, CA | $6,964,772 | $7,395,118 |
Boys & Girls Clubs Of Metro Los Angeles Los Angeles, CA | $23,570,010 | $4,928,208 |
Boys & Girls Clubs Of Monterey County Seaside, CA | $18,913,899 | $10,240,479 |
Boys & Girls Clubs Of Greater Redlands-Riverside Redlands, CA | $5,538,784 | $4,953,384 |
Boys And Girls Clubs Of Greater Conejo Valley Inc Westlake Village, CA | $7,690,966 | $4,687,983 |
Boys & Girls Club Of Carson Long Beach, CA | $1,445,525 | $4,484,174 |
United Boys And Girls Clubs Of Greater Santa Barbara County Santa Barbara, CA | $16,672,864 | $7,619,761 |