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Nonprofiteer
← Sierra Nevada College

Form 990 for tax year 2024

Filed by Sierra Nevada College.

Totals

Total revenue
$13,460
Total expenses
$53,778
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$13,460
Other revenue
$0
Total assets, end of year
$1,899,339
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,899,339
Program services expenses (Part IX)
$37,206
Management and general expenses
$16,572
Fundraising expenses
$0
Program service expenses (Part III)
$37,206

Program services were 69.2% 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.

  • 3 · Investment income

    total $13,460 · excluded $13,460

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $13,264 · management and general $13,264

  • 11c · Fees: accounting

    total $3,308 · management and general $3,308

  • 13 · Office expenses

    total $2,057 · program services $2,057

  • 23 · Insurance

    total $35,149 · program services $35,149

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $987,620 · end of year $643,781

  • 14 · Intangible assets

    beginning of year $1,255,558 · end of year $1,255,558

  • 17 · Accounts payable and accrued expenses

    beginning of year $303,521 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,939,657 · end of year $1,899,339

Mission and programs · 2024

Mission

Sierra Nevada College's mission is to combine the liberal arts and professional preparedness through an interdisciplinary curriculum which emphasizes entrepreneurial thinking and environmental, social, economic, and educational sustainability to produce graduates who will be scholars of and contributors to a sustainable world.

Activities or mission (Part I)

To combine the liberal arts and professional preparedness through an interdisciplinary curriculum.

  • On July 7, 2021, the Board of Trustees of the University approved a proposed transaction allowing Sierra Nevada University to become part of the University of Nevada, Reno (UNR). Under the proposed transaction, the University Incline campus would become part of UNR and University programs and operations would be gradually merged with those of UNR. The Nevada System of Higher Education (NSHE) Board of Regents approved this proposed transaction on July 23, 2021. Effective July 1, 2022, the assets and related liabilities were assigned to the UNR, except for the beneficial interest in assets held by a community foundation and the investment accounts, which were transferred to the UNR Foundation.The SNU Board of Trustees continue to work with UNR Foundation and UNR to properly transfer the following remaining assets: Sardella Reserve Fund Cash Land CoverageBoth of these transactions are complex in nature and taking additional time. Upon the successful transfer of the remaining assets, the SNU Board of Trustees, by written consent, with dissolve the corporation. It is anticipated that this will occur by January 31, 2026.

    Expenses $37,206

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Susan Johnson

    President

    Total calculated
    $0
    Hours/week
    2

  • Patricia Richards

    Secretary (Until April)

    Total calculated
    $0
    Hours/week
    2

  • Vic Redding

    Trustee/Secretary (as of April)

    Total calculated
    $0
    Hours/week
    2

  • Andrew Clinger

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Brian Sandoval

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Jeff Thompson

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Jill Heaton

    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
10 March 2026
IRS schema version
2024v5.5
Source object
202640699349301214

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