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Nonprofiteer
← NEVADA STATE UNIVERSITY FOUNDATION

Form 990 for tax year 2023

Filed by NEVADA STATE UNIVERSITY FOUNDATION.

Totals

Total revenue
$1,154,378
Total expenses
$2,152,498
Contributions and grants received
$921,420
Grants paid
$1,365,690
Program service revenue
$0
Investment income
$232,958
Other revenue
$0
Total assets, end of year
$10,940,850
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$10,940,850
Program services expenses (Part IX)
$2,072,690
Management and general expenses
$72,586
Fundraising expenses
$7,222
Program service expenses (Part III)
$2,072,690

Program services were 96.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $921,420

  • 1g · Noncash contributions included above

    $17,506

  • 3 · Investment income

    total $232,958 · excluded $232,958

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,365,690 · program services $1,365,690

  • 11c · Fees: accounting

    total $32,600 · management and general $32,600

  • 13 · Office expenses

    total $39,061 · management and general $39,061

  • 17 · Travel

    total $2,577 · fundraising $2,577

  • 19 · Conferences, conventions and meetings

    total $4,645 · fundraising $4,645

  • 23 · Insurance

    total $925 · management and general $925

  • 24a · Other expenses: BAD DEBT

    total $707,000 · program services $707,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,544,157 · end of year $3,768,060

  • 2 · Savings and temporary cash investments

    beginning of year $280,401 · end of year $3,874,563

  • 3 · Pledges and grants receivable

    beginning of year $1,195,805 · end of year $218,661

  • 9 · Prepaid expenses and deferred charges

    beginning of year $500 · end of year $500

  • 11 · Investments: publicly traded securities

    beginning of year $2,807,893 · end of year $3,079,066

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,490

  • 27 · Net assets without donor restrictions

    beginning of year $498,653 · end of year $525,468

  • 28 · Net assets with donor restrictions

    beginning of year $11,324,613 · end of year $10,415,382

Mission and programs · 2023

Mission

THE MISSION OF THE NEVADA STATE COLLEGE FOUNDATION BOARD OF TRUSTEES IS TO SERVE AS AMBASSADORS FOR NEVADA STATE COLLEGE, TO SERVE AS FIDUCIARY STEWARDS OF FUNDS RECEIVED BY THE FOUNDATION, AND TO RAISE FUNDS IN SUPPORT OF THE EDUCATIONAL, TECHNOLOGY, OPERATIONAL, FACILITY AND RESEARCH NEEDS OF THE STUDENTS, FACULTY AND STAFF OF THE COLLEGE.

  • RAISED FUNDS FOR SCHOLARSHIPS FOR NEEDY AND DESERVING STUDENTS. APPROXIMATELY 50% OF NSC STUDENT BODY ARE THE FIRST-GENERATION IN THEIR FAMILIES TO EVER ATTEND AN INSTITUTION OF HIGHER LEARNING; APPROXIMATELY 48% ARE FROM CULTURALLY DIVERSE POPULATIONS. BOTH OF THESE TYPES OF STUDENTS NEED MORE HELP THAN USUAL BECAUSE OF STATE CUTBACKS AND TUITION INCREASES.

    Expenses $522,500 · Grants $522,500

  • SUPPORT FOR THE NEVADA STATE COLLEGE STUDENTS AND STAFF.

    Expenses $843,190 · Grants $843,190

  • BAD DEBT BALANCES FOR PROMISED CONTRIBUTIONS NOT RECEIVED.

    Expenses $707,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Sonnya Debonis

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Brian Simmons

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Omar Saucedo

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Walter Hashimoto

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Nicole Jones

    FINANCE AUDI

    Total calculated
    $0
    Hours/week
    2

  • Daniel Gerety

    IMMEDIATE PA

    Total calculated
    $0
    Hours/week
    2

  • Matt Burns

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Devlin Daneshforouz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Andrea Goeglein

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Craig Kirkland

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Taylor Morris

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Kate Newman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Richard Perkins

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Darius Toston

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
25 September 2024
IRS schema version
2023v5.0
Source object
202432699349301243

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