Form 990 for tax year 2023
Filed by UNIVERSITY OF NEVADA LAS VEGAS FOUNDATION.
Totals
- Total revenue
- $55,816,118
- Total expenses
- $43,520,986
- Contributions and grants received
- $42,733,373
- Grants paid
- $29,137,927
- Program service revenue
- $0
- Investment income
- $12,250,914
- Other revenue
- $831,831
- Total assets, end of year
- $507,809,700
- Total liabilities, end of year
- $2,844,396
- Net assets or fund balances, end of year
- $504,965,304
- Program services expenses (Part IX)
- $29,137,927
- Management and general expenses
- $9,652,719
- Fundraising expenses
- $4,730,340
- Program service expenses (Part III)
- $29,137,927
Program services were 67.0% 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.
-
1c · Fundraising events
$379,000
-
1d · Related organizations
$3,573,410
-
1f · All other contributions, gifts and grants
$38,780,963
-
1g · Noncash contributions included above
$1,963,281
-
3 · Investment income
total $8,738,244 · excluded $8,738,244
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $84,130
-
6c · Rental income or loss
real property $84,130 · personal property $0
-
6d · Net rental income or loss
total $84,130 · excluded $84,130
-
7a · Gross sales of assets other than inventory
securities $244,911,592
-
7b · Less cost or other basis and sales expenses
securities $241,398,922
-
7c · Gain or loss
securities $3,512,670
-
7d · Net gain or loss
total $3,512,670 · excluded $3,512,670
-
8a · Fundraising events: gross income
$159,000
-
8a · Fundraising events: contributions included on line 1c
$379,000
-
8b · Fundraising events: direct expenses
$529,769
-
8c · Net income from fundraising events
total -$370,769 · excluded -$370,769
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: NHSE ENDOWMENT MANAGEMENT FEE
total $713,763 · excluded $713,763
-
11b · Other revenue: OTHER REVENUE
total $404,707 · excluded $404,707
-
11e · Other revenue, total
$1,118,470
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $29,137,927 · program services $29,137,927
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $1,661,637 · management and general $560,694 · fundraising $1,100,943
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $4,664,525 · management and general $2,888,959 · fundraising $1,775,566
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $1,929,733 · management and general $1,075,676 · fundraising $854,057
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $10,525 · management and general $10,525
-
11c · Fees: accounting
total $75,084 · management and general $75,084
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $346,800 · fundraising $346,800
-
11f · Fees: investment management
total $1,098,855 · management and general $1,098,855
-
11g · Fees: other
total $507,393 · management and general $507,393
-
12 · Advertising and promotion
total $44,072 · management and general $44,072
-
13 · Office expenses
total $649,282 · management and general $525,082 · fundraising $124,200
-
14 · Information technology
total $395,283 · management and general $395,283
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $82,656 · fundraising $82,656
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $134,867 · management and general $105,196 · fundraising $29,671
-
20 · Interest
total $309,833 · management and general $309,833
-
21 · Payments to affiliates
total $270,000 · management and general $270,000
-
22 · Depreciation, depletion and amortization
total $67,682 · management and general $67,682
-
23 · Insurance
total $59,897 · management and general $59,897
-
24a · Other expenses: BAD DEBT EXPENSE
total $1,632,912 · management and general $1,632,912
-
24b · Other expenses: STEWARDSHIP & DONOR RELATIONS
total $416,447 · fundraising $416,447
-
24c · Other expenses: RECOGNITION
total $25,518 · management and general $25,518
-
24d · Other expenses: OTHER EXPENSES
total $58 · management and general $58
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $8,206,767 · end of year $8,956,086
-
2 · Savings and temporary cash investments
beginning of year $10,296,109 · end of year $10,627,399
-
3 · Pledges and grants receivable
beginning of year $18,528,006 · end of year $17,412,893
-
4 · Accounts receivable
beginning of year $1,086,874 · end of year $1,330,488
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $176,535 · end of year $79,769
-
10a · Land, buildings and equipment: cost or other basis
$2,345,382
-
10b · Land, buildings and equipment: accumulated depreciation
$1,287,398
-
10c · Land, buildings and equipment, net
beginning of year $1,099,752 · end of year $1,057,984
-
11 · Investments: publicly traded securities
beginning of year $158,177,780 · end of year $164,143,828
-
12 · Investments: other securities
beginning of year $267,467,452 · end of year $299,508,772
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $3,062,462 · end of year $4,692,481
-
17 · Accounts payable and accrued expenses
beginning of year $967,451 · end of year $1,026,563
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $1,347,619 · end of year $1,817,833
-
27 · Net assets without donor restrictions
beginning of year $3,451,923 · end of year $3,936,326
-
28 · Net assets with donor restrictions
beginning of year $462,334,744 · end of year $501,028,978
Mission and programs · 2023
Mission
THE MISSION OF THE UNLV FOUNDATION IS TO INCREASE PHILANTHROPIC SUPPORT OF UNLV AND GROW THE UNIVERSITY'S ENDOWMENT (MISSION CONTINUED IN SCHEDULE O).
Activities or mission (Part I)
PRIVATE PHILANTHROPIC FUNDS ENHANCE THE QUALITY OF THE UNIVERSITY AND STRENGTHEN ITS MISSION OF TEACHING, RESEARCH, AND PUBLIC SERVICE. (CONTINUED IN SCHEDULE O).
-
The Rebel community is defined by its resilience, strength, and generosity. The UNLV Foundation is firmly committed to supporting the university as it strives to achieve its goals for achieving excellence in research, workforce development, and student success. The Foundation secures donations and resources to strategically support our university in meeting its goals. Through this continued effort, we aim to further cultivate a dynamic culture of faculty-student research, community partnerships, and diverse experiential learning opportunities in the lab, studio, and field. UNLV graduates are making a positive impact in a growing number of fields, and their influence extends around the world and within the Silver State, where a majority of UNLV alumni choose to build and contribute to their communities after graduation. In FY24, donors gave more than $51.9 million in new gifts, pledges, and services. These funds enhance the quality of the university and its missions of educating students, driving research and innovation, and stimulating our community's well-being and economic development. Athletics led development efforts, raising $12.2 million. The College of Liberal Arts has raised more than $3.6 million, the William S. Boyd School of Law has raised more than $2.06 million, and Lee Business School has raised $1.5 million.
Expenses $29,137,927 · Grants $29,137,927
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
KEITH WHITFIELD
PRESIDENT, UNLV
- Total calculated
- $657,435
- From this org
- $0
- From related orgs
- $567,750
- Other
- $89,685
- Hours/week
- 5 + 45 related
Schedule J breakdown matched by us
- Base
- not reported + $567,750 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $65,610 related
- Nontaxable benefits
- not reported + $24,075 related
- Filer's total
- not reported + $657,435 related
-
RICKEY MCCURRY
PRESIDENT, UNLV FOUNDATION
- Total calculated
- $431,718
- From this org
- $334,530
- From related orgs
- $0
- Other
- $97,188
- Hours/week
- 30 + 20 related
Schedule J breakdown matched by us
- Base
- $334,530
- Bonus
- not reported
- Other
- not reported
- Deferred
- $61,399
- Nontaxable benefits
- $35,789
- Filer's total
- $431,718
-
TIFFANY VICKERS
SAVP, FINANCE & ADMIN & CFO
- Total calculated
- $347,184
- From this org
- $262,030
- From related orgs
- $0
- Other
- $85,154
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $262,030
- Bonus
- not reported
- Other
- not reported
- Deferred
- $50,934
- Nontaxable benefits
- $34,220
- Filer's total
- $347,184
-
CINDY RIVELLI
ASSOCIATE VP FOR DEVELOPMENT
- Total calculated
- $297,082
- From this org
- $224,024
- From related orgs
- $0
- Other
- $73,058
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $224,024
- Bonus
- not reported
- Other
- not reported
- Deferred
- $42,851
- Nontaxable benefits
- $30,207
- Filer's total
- $297,082
-
GOCE MUSOVSKI
CHIEF INFORMATION OFFICER
- Total calculated
- $226,411
- From this org
- $168,923
- From related orgs
- $0
- Other
- $57,488
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $168,923
- Bonus
- not reported
- Other
- not reported
- Deferred
- $32,446
- Nontaxable benefits
- $25,042
- Filer's total
- $226,411
-
Patrice Hester-Harper
AVP Development & Princ. gift
- Total calculated
- $215,932
- From this org
- $160,436
- From related orgs
- $0
- Other
- $55,496
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $160,436
- Bonus
- not reported
- Other
- not reported
- Deferred
- $31,117
- Nontaxable benefits
- $24,379
- Filer's total
- $215,932
-
Eric Schimmoeller
Senior Director Gift Planning
- Total calculated
- $212,929
- From this org
- $158,635
- From related orgs
- $0
- Other
- $54,294
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $158,635
- Bonus
- not reported
- Other
- not reported
- Deferred
- $30,311
- Nontaxable benefits
- $23,983
- Filer's total
- $212,929
-
Jim Clinton
AVP Finance and Data Admin
- Total calculated
- $206,627
- From this org
- $152,852
- From related orgs
- $0
- Other
- $53,775
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $152,852
- Bonus
- not reported
- Other
- not reported
- Deferred
- $29,967
- Nontaxable benefits
- $23,808
- Filer's total
- $206,627
-
Susan McQuilkin
Corporate Secretary
- Total calculated
- $123,721
- From this org
- $96,415
- From related orgs
- $0
- Other
- $27,306
- Hours/week
- 50
-
David Ross
CHAIR
- Total calculated
- $0
- Hours/week
- 8
-
Tony F Sanchez III
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
Michael J Bonner
2ND VICE CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
GEORGE W SMITH
TREASURER
- Total calculated
- $0
- Hours/week
- 4
-
ANDY ABBOUD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
GARY ACKERMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
BARRY W BECKER
TRUSTEE (until 10/30/23)
- Total calculated
- $0
- Hours/week
- 2
-
DAVID RAY BELDING
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Diana L Bennett
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
KERRY W BUBOLZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
KEVIN BURKE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
CRAIG CAVILEER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
LAURI COLLINS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
THEODORE DAKE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
DARON M DORSEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
JONATHAN FINE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
MATTHEW FRAZIER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
RANDY GARCIA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
MICHAEL GAUGHAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
JERRY GORDON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
BRIAN GREENSPUN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
DERRICK R HILL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
DEBBY JACOBS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
CHIPPER D JOHNSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
GARY JOHNSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
TOM KAPLAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
CYNTHIA KISER MURPHEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
GREGORY TH LEE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
ROBERT E LEWIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
EVA LIANG MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
JOYCE MACK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
MARILYNN MACK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
AKDO MADRIGRANO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
GEORGE J MALOOF JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
CURTIS L MYLES III
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
JOHN F O'REILLY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
HELGA F PIZIO MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
TED QUIRK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
KENNETH RAMIREZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
ELEANOR M RISEMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
PERRY ROGERS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
LARRY RUVO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
BLAKE L SARTINI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
RAJESH SHROTRIYA MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
DONALD D SNYDER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
CAROLYN M SPARKS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
TOM THOMAS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
TITO TIBERTI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
DAN TUNDERLAND
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
AURORA WONG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Cedric Crear
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Gregory McKinley
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
David Garcia
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Peter Guzman
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Slava Kohl
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Brian K Steadman
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Robbie Martin
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Sandra Douglass Morgan
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Bryan Scott
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Rikki Tanenbaum
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. 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
- 3 · Written employment contract
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 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)
- SCHEDULE J, PART I, LINE 3:
- ESTABLISH COMPENSATION THE UNLV FOUNDATION EMPLOYEES ARE COMPENSATED THROUGH A COMMON PAYMASTER BY A RELATED ORGANIZATION (UNLV). THE UNLV FOUNDATION REIMBURSES THE RELATED ORGANIZATION FOR ITS ALLOCATED SALARY EXPENSE. THE PARENT ORGANIZATION OF THE RELATED ORGANIZATION USED THE FOLLOWING TO ESTABLISH COMPENSATION FOR THE UNLV FOUNDATION'S TOP MANAGEMENT OFFICIAL: COMPENSATION COMMITTEE, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
- SCHEDULE J, PART I, LINE 4B:
- 415(M) DISCLOSURE UNLV, A RELATED ORGANIZATION, PROVIDES A 415(M) SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN TO CERTAIN EXECUTIVES. THE FOLLOWING INDIVIDUALS PARTICIPATE IN THE PLAN: -TIFFANY VICKERS -CINDY RIVELLI -GOCE MUSOVSKI -PATRICE HESTER-HARPER -JIM CLINTON -ERIC SCHIMMOELLER -RICKEY MCCURRY -KEITH WHITFIELD NO AMOUNTS WERE VESTED OR PAID OUT DURING CALENDAR YEAR 2023.
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
-
UNIVERSITY OF NEVADA LAS VEGAS
$29,137,927
EDUCATION PROGRAM FUNDING SCHOLARSHIP
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.
-
NEVADA SYSTEM OF HIGHER EDUCATION
501(C)(3) · EDU SYSTEM · NV
Directly controlled by NA
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
CLR AND KSR 1996 CHARITABLE REMAINDER UN
TRUST · N/A · NV · share of income $0 · share of assets $0
Directly controlled by NA
-
KAPLAN CHARITABLE REMAINDER UNITRUST DTD
TRUST · N/A · NV · share of income $0 · share of assets $0
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 11 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202511019349301581
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