Totals
- Total revenue
- $317,273
- Total expenses
- $883,568
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $317,273
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $23,182,121
- Total liabilities, end of year
- $16,607,416
- Net assets or fund balances, end of year
- $6,574,705
- Program services expenses (Part IX)
- $841,027
- Management and general expenses
- $42,541
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $841,027
Program services were 95.2% 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.
-
2a · Program service revenue: COMMUNITY LIBRARY RENT
total $317,273 · related or exempt $317,273
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $9,900 · management and general $9,900
-
11g · Fees: other
total $30,000 · management and general $30,000
-
20 · Interest
total $198,367 · program services $198,367
-
22 · Depreciation, depletion and amortization
total $642,660 · program services $642,660
-
23 · Insurance
total $2,518 · management and general $2,518
-
24a · Other expenses: MISCELLANEOUS
total $123 · management and general $123
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $721,695 · end of year $921,938
-
10a · Land, buildings and equipment: cost or other basis
$25,307,426
-
10b · Land, buildings and equipment: accumulated depreciation
$3,311,244
-
10c · Land, buildings and equipment, net
beginning of year $22,638,842 · end of year $21,996,182
-
15 · Other assets
beginning of year $386,728 · end of year $264,001
-
23 · Secured mortgages and notes payable
beginning of year $16,490,000 · end of year $16,490,000
-
25 · Other liabilities
beginning of year $116,265 · end of year $117,416
-
27 · Net assets without donor restrictions
beginning of year $7,141,000 · end of year $6,574,705
Mission and programs · 2023
Mission
TO ACQUIRE AND LEASE REAL OR PERSONAL PROPERTY THAT IS SUBJECT TO CERTAIN RESTRICTIONS AND LIMITATIONS FOR THE BENEFIT OF THE LAS VEGAS-CLARK COUNTY LIBRARY DISTRICT.
-
THE EAST LAS VEGAS QALICB OBTAINED FINANCING IN AN ARRANGED STRUCTURE UNDER THE NEW MARKETS TAX CREDIT PROGRAM (NMTC). AS RESULT OF PARTICIPATING IN THE NMTC PROGRAM, EAST LAS VEGAS QALICB ENTERED INTO TWO NOTES PAYABLE, WHICH ARE SECURED BY A DEED OF TRUST AND ASSIGNMENTS OF LEASES AND RENTS. BOTH OF THESE NOTES BEAR INTEREST AT 1.20296% AND ARE PAYABLE THEREAFTER THROUGH JULY 25, 2057. THE EXPENSES IN FISCAL YEAR 2024 WERE INTEREST ON THE TWO LOANS AND DEPRECIATION.
Expenses $841,027 · Revenue $317,273
As filed on the 2023 return.
Listed in Part VII
-
Floresto CabiasFLORESTO CABIAS
PRESIDENT
- Total calculated
- $179,112
- From this org
- $0
- From related orgs
- $179,112
- Other
- $0
- Hours/week
- 0.5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $179,112 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $179,112 related
-
Karen DutkowskiKAREN DUTKOWSKI
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Mo DenisMO DENIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Michael SaundersMICHAEL SAUNDERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Felipe OrtizFELIPE ORTIZ
DIRECTOR
- 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. 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
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
No itemized grants to organizations 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.
-
LAS VEGAS-CLARK COUNTY LIBRARY DISTRICT
501(C)(3) · PUBLIC LIBRARY SERVICES · NV
-
LAS VEGAS-CLARK COUNTY LIBRARY FOUNDATION
501(C)(3) · SUPPORTING PUBLIC LIBRARY · NV
Directly controlled by LVCCLD
-
501(C)(3) · LEASING REAL OR PERSONAL · NV
Directly controlled by LVCCLD
-
WEST LAS VEGAS QALICB
501(C)(3) · LEASING REAL OR PERSONAL · NV
Directly controlled by LVCCLD
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 8 February 2025
- IRS schema version
- 2023v6.0
- Source object
- 202530509349301113
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