Skip to content
Nonprofiteer
← EDUCATION FUND OF NORTHERN NEVADA

Form 990 for tax year 2023

Filed by EDUCATION FUND OF NORTHERN NEVADA.

Totals

Total revenue
$171,888
Total expenses
$960,833
Contributions and grants received
$53
Grants paid
$952,899
Program service revenue
$0
Investment income
$171,835
Other revenue
$0
Total assets, end of year
$3,674,162
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$3,674,162
Program services expenses (Part IX)
$960,833
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$960,833

Program services were 100.0% 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.

  • 1f · All other contributions, gifts and grants

    $53

  • 3 · Investment income

    total $171,884 · related or exempt $171,884

  • 7b · Less cost or other basis and sales expenses

    securities $49

  • 7c · Gain or loss

    securities -$49

  • 7d · Net gain or loss

    total -$49 · related or exempt -$49

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $952,899 · program services $952,899

  • 11a · Fees: management

    total $4,920 · program services $4,920

  • 23 · Insurance

    total $3,014 · program services $3,014

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $4,463,107 · end of year $10,158

  • 12 · Investments: other securities

    end of year $3,664,004

  • 27 · Net assets without donor restrictions

    beginning of year $4,463,107 · end of year $3,674,162

Mission and programs · 2023

Mission

THE EDUCATION FUND OF NORTHERN NEVADA IS ORGANIZED EXCLUSIVELY FOR THE BENEFIT OF THE EDUCATION OF PUPILS WHO ATTEND SCHOOLS IN THE STATE OF NEVADA. THE EXCLUSIVE FOCUS IS ON PROVIDING SCHOLARSHIPS THAT ARE SANCTIONED UNDER THE NEVADA EDUCATIONAL CHOICE SCHOLARSHIP PROGRAM PURSUANT TO ASSEMBLY BILL 165 OF THE 2015 NEVADA LEGISLATURE.

Activities or mission (Part I)

THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE SCHOLARSHIPS TO STUDENTS ATTENDING NEVADA SCHOOLS. THE SCHOLARSHIPS ARE PURSUANT TO THE EDUCATIONAL CHOICE SCHOLARSHIP PROGRAM UNDER ASSEMBLY BILL 165 OF THE 2015 NEVADA LEGISLATURE. DURING 2023, 334 SCHOLARSHIPS WERE AWARDED.

  • SCHOLARSHIPS WERE PROVIDED DURING 2023 STRICTLY IN ACCORDANCE WITH THE MISSION STATEMENT OF THE ORGANIZATION AND AS DESCRIBED IN THE APPLICATION FOR TAX-EXEMPT STATUS. INSURANCE EXPENSE OF $3,014 AND OFFICE SERVICES OF $4,920 ARE INCLUDED IN PROGRAM SERVICE EXPENSES, IN ADDITION TO $952,899 OF SCHOLARSHIP GRANTS TO QUALIFYING SCHOOLS FOR QUALIFYING INDIVIDUALS. SEE SCHEDULE ATTACHED FOR DETAILED LISTING OF RECIPIENT SCHOOLS.

    Expenses $960,833 · Grants $952,899

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

Listed in Part VII

  • Christopher Benna

    PRESIDENT/TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Marc Markwell

    SECRETARY/TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Raymond Gonzalez

    TREASURER/TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Richard Reviglio

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Christopher Dianda

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Matthew Woodhead

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
1 February 2024
IRS schema version
2023v4.0
Source object
202400469349301825

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.