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← UNLV RESEARCH FOUNDATION

Form 990 for tax year 2022

Filed by UNLV RESEARCH FOUNDATION.

Totals

Total revenue
$6,695,489
Total expenses
$677,778
Contributions and grants received
$5,831,784
Grants paid
$150,000
Program service revenue
$863,125
Investment income
$0
Other revenue
$580
Total assets, end of year
$27,844,366
Total liabilities, end of year
$17,028,631
Net assets or fund balances, end of year
$10,815,735
Program services expenses (Part IX)
$618,587
Management and general expenses
$59,191
Fundraising expenses
$0
Program service expenses (Part III)
$618,587

Program services were 91.3% 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.

  • 1e · Government grants (contributions)

    $4,149,136

  • 1f · All other contributions, gifts and grants

    $1,682,648

  • 2a · Program service revenue: LEASE INTEREST INCOME

    total $672,441 · related or exempt $672,441

  • 2b · Program service revenue: LAND LEASE REVENUE

    total $190,684 · related or exempt $190,684

  • 11a · Other revenue: CASH BACK REWARDS

    total $580 · excluded $580

  • 11e · Other revenue, total

    $580

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $150,000 · program services $150,000

  • 11b · Fees: legal

    total $114,950 · program services $114,950

  • 11c · Fees: accounting

    total $150,761 · program services $98,116 · management and general $52,645

  • 11g · Fees: other

    total $111,051 · program services $111,051

  • 13 · Office expenses

    total $1,853 · program services $1,853

  • 17 · Travel

    total $8,767 · program services $8,767

  • 19 · Conferences, conventions and meetings

    total $2,340 · program services $2,340

  • 22 · Depreciation, depletion and amortization

    total $125,892 · program services $125,892

  • 23 · Insurance

    total $9,462 · program services $3,016 · management and general $6,446

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $2,602 · program services $2,602

  • 24b · Other expenses: LISCENSES AND PERMITS

    total $100 · management and general $100

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $272,436 · end of year $108,731

  • 3 · Pledges and grants receivable

    beginning of year $3,046,768 · end of year $5,820,179

  • 4 · Accounts receivable

    end of year $18,010

  • 7 · Other notes and loans receivable

    beginning of year $8,352,891 · end of year $8,632,917

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,693 · end of year $2,693

  • 10a · Land, buildings and equipment: cost or other basis

    $12,987,688

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,447,759

  • 10c · Land, buildings and equipment, net

    beginning of year $5,897,080 · end of year $11,539,929

  • 11 · Investments: publicly traded securities

    beginning of year $1,756,684 · end of year $1,721,907

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,666,493 · end of year $734,122

  • 19 · Deferred revenue

    beginning of year $11,751,031 · end of year $11,539,900

  • 25 · Other liabilities

    beginning of year $1,178,947 · end of year $4,754,609

  • 27 · Net assets without donor restrictions

    beginning of year $4,732,081 · end of year $10,815,735

Mission and programs · 2022

Mission

THE FOUNDATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR THE PURPOSES OF SUPPORTING, PROMOTING, AND REPORTING RESEARCH ACTIVITIES AT THE UNIVERSITY OF NEVADA, LAS VEGAS, AS AN ENTITY OF THE BOARD OF REGENTS OF THE NEVADA SYSTEM OF HIGHER EDUCATION / NSHE AND COMMERCIALIZATION OPPORTUNITIES THAT MAY BE CREATED AS A RESULT OF RESEARCH ACTIVITIES TO ENHANCE ECONOMIC DEVELOPMENT IN NEVADA.

Activities or mission (Part I)

TO ENCOURAGE ENTREPRENEURSHIP AND THE DEVELOPMENT OF RESEARCH TO SUPPORT UNLV.

  • THE MISSION OF THE FOUNDATION IS TO SUPPORT UNLV RESEARCH BY DEVELOPING AND MAINTAINING UNLV RESEARCH AND TECHNOLOGY PARKS TO ENHANCE INTELLECTUAL, SCIENTIFIC, AND FINANCIAL GROWTH FOR THE UNIVERSITY. TO FULFILL THIS MISSION, THE FOUNDATION IS FACILITATING THE REAL ESTATE DEVELOPMENT OF THE UNLV HARRY REID RESEARCH AND TECHNOLOGY PARK.

    Expenses $618,587 · Grants $150,000 · Revenue $863,125

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Bo Bernhard

    ED (TERM ENDED 2022)/DIRECTOR

    Total calculated
    $422,533
    From this org
    $0
    From related orgs
    $350,978
    Other
    $71,555
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $285,601 related
    Bonus
    $0
    Other
    $0 + $65,377 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $71,555 related
    Filer's total
    $0 + $422,533 related

  • Steve Comer

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Jeremy Aguero

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jean Vock

    TREASURER/SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • David Belding

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • David Hatchett

    MEMBER/DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christopher Heavey

    MEMBER/DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chip Johnson

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • David D Ross

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Don Snyder

    MEMBER/DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dan Tuntland

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Keith E Whitfield

    MEMBER/DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Zachary Miles

    EXECUTIVE DIRECTOR

    Total calculated
    $115,073
    From this org
    $0
    From related orgs
    $94,117
    Other
    $20,956
    Hours/week
    10 + 30 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
BO BERNHARD AND ZACHARY MILES ARE EMPLOYEES AT UNLV AND COMPENSATION IS SET ACCORDING TO A WRITTEN EMPLOYMENT CONTRACT.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

  • BOARD OF REGENTS NSHE

    501(C)(3) · UNIVERSITY · NV

  • UNLV FOUNDATION

    501(C)(3) · FUNDRAISING · NV

    Directly controlled by BOARD OF REG

Provenance

Return type
form_990
Tax year
2022
Filed
26 April 2024
IRS schema version
2022v5.0
Source object
202431219349301008

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