Community Foundation Of Western Nevada in Reno, Nevada (NV)

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Community Foundation Of Western Nevada
Employer Identification Number (EIN)880370179
Name of OrganizationCommunity Foundation Of Western Nevada
In Care of NameMark W Knobel
Address1885 S Arlington Ave Ste 103, Reno, NV 89509-3370
ActivitiesDescribed in section 170(b)1)(a)(vi) of the Code, Community trust or component
SubsectionCharitable Organization
Ruling Date02/1998
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$50,000,000 to greater
Income$0
Filing Requirement990 (all other) or 990EZ return
Asset Amount$58,672,449
Amount of Income$28,259,199
Form 990 Revenue Amount$28,259,199
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Community Foundations


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Amount of income in 2011: $28,259,199
Community Foundation Of Western Nevada: 

 $28,259,199
Other organizations performing similar types of work: 

 $132,857

Assets in 2011: $58,672,449
This organization: 

 $58,672,449
Other organizations performing similar types of work: 

 $230,001

Expenses in 2007: $8,476,911
This organization: 

 $8,476,911
Other organizations performing similar types of work: 

 $2,567,949

Income to expenses ratio in 2007: 2.0
This organization: 

 2.0
Other organizations performing similar types of work: 

 1.9

Expenses allocated to program services in 2007: 96.2%
Community Foundation Of Western Nevada: 

 96.2%
Other organizations performing similar types of work: 

 86.7%

Number of employees in 2007: 4
This organization: 

 4
Other organizations performing similar types of work: 

 6

Employees paid over $50,000 in 2007: 0.0%
Community Foundation Of Western Nevada: 

 0.0%
Other organizations performing similar types of work: 

 33.3%

Grants share in income in 2007: 83.0%
Community Foundation Of Western Nevada: 

 83.0%
Other organizations performing similar types of work: 

 73.5%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2007
Total revenue$16,818,385
Contributions, gifts, grants, and similar amounts received$13,965,860
Contributions to donor advised funds$13,965,860
Direct public support$0
Indirect public support$0
Government contributions (grants)$0
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Interest on savings and temporary cash investments$185,388
Dividends and interest from securities$1,492,023
Net rental income or (loss)$82,236
Gross rents$152,494
Less: rental expenses$70,258
Other investment income$52,465
Gain or (loss) from sales of assets other than inventory$1,022,495
Gross amount from sales of assets other than inventory$16,017,628
Less: cost or other basis and sales expenses$14,995,133
Net income or (loss) from special events and activities$0
Gross revenue$0
Less: direct expenses other than fundraising expenses$0
Gross profit or (loss) from sales of inventory$0
Gross sales of inventory, less returns and allowances$0
Less: cost of goods sold$0
Other revenue$17,918
Total expenses$8,476,911
Program services$8,155,852
Management and general$298,206
Fundraising$22,853
Payments to affiliates$0
Net assets or fund balances at end of year$40,505,290
Excess or (deficit) for the year$8,341,474
Net assets or fund balances at beginning of year$32,258,202
Other changes in net assets or fund balances$-94,386
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$8,476,911$8,155,852$298,206$22,853
Grants paid from donor advised funds$7,850,994
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$91,016$72,813$9,102$9,101
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$157,531$33,872$123,659$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$1,058$565$454$39
Payroll taxes$19,939$8,559$10,650$730
Professional fundraising fees$0$0$0$0
Accounting fees$19,964$0$19,964$0
Legal fees$1,401$0$1,401$0
Supplies$0$0$0$0
Telephone$3,647$2,917$365$365
Postage and shipping$4,726$0$4,726$0
Occupancy$25,500$20,400$2,550$2,550
Equipment rental and maintenance$3,001$0$3,001$0
Printing and publications$22,688$1,407$11,798$9,483
Travel$7,190$0$7,190$0
Conferences, conventions, and meetings$17,665$12,309$5,356$0
Interest$0$0$0$0
Depreciation, depletion, etc.$5,857$4,686$586$585
Other expenses not covered above$244,734$147,330$97,404$0
Balance Sheets
2007
Total assets$50,255,967
Cash - non-interest-bearing$21,216
Savings and temporary cash investments$5,068,844
Accounts receivable less allowance for doubtful accounts$0
Pledges receivable less allowance for doubtful accounts$2,093,970
Grants receivable$0
Receivables from current and former officers, directors, trustees, and key employees$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0
Other notes and loans receivable less allowance for doubtful accounts$0
Inventories for sale or use$0
Prepaid expenses and deferred charges$3,182
Investments - publicly-traded securities$0
Investments - other securities$40,794,515
Investments - land, buildings, and equipment less accumulated depreciation$2,201,293
Investments - other$45,609
Land, buildings, and equipment less accumulated depreciation$27,338
Other assets, including program-related investments$0
Total liabilities$9,750,677
Accounts payable and accrued expenses$19,359
Grants payable$0
Deferred revenue$0
Loans from officers, directors, trustees, and key employees$0
Tax-exempt bond liabilities$0
Mortgages and other notes payable$0
Other liabilities$9,731,318
Total liabilities and net assets/fund balances$50,255,967
Total net assets or fund balances$40,505,290
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2007
Total revenue$16,818,385
Total revenue, gains, and other support per audited financial statements$16,794,258
Other expenses$-24,127
Net unrealized gains on investments$-94,386
Donated services and use of facilities$0
Recoveries of prior year grants$0
Other$70,259
Other revenue$0
Investment expenses$0
Other$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2007
Total expenses$8,476,911
Total expenses and losses per audited financial statements$8,547,170
Other revenue$70,259
Donated services and use of facilities$0
Prior year adjustments$0
Losses$0
Other$70,259
Other expenses$0
Investment expenses$0
Other$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$19,016$0$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings14
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20064
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$2,782,142$70,383
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$185,388$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$1,492,023$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$0Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$82,236$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$52,465
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$1,022,495$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$17,918
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?Yes
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?Yes
Enter the total number of donor advised funds owned at the end of the tax year$62
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$30,868,823
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$28
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$2,386,777
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
2006
Total$3,883,442
Gifts, grants, and contributions received$2,361,809
Membership fees received$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$1,521,633
Net income from unrelated business activities not included above$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0
Other income$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Statements Regarding Other IRS Filings and Tax Compliance (for 2010)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2010)
Total revenue$7,165,420
Contributions, Gifts, Grants and Other Similar Amounts$5,895,341
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$815,578
Income from investment of tax-exempt bond proceeds$0
Royalties$26,031
Net rental income$51,363
Gross rents (Real / Personal)$115,994 / $0
Less: rental expenses (Real / Personal)$64,631 / $0
Rental income or (loss) (Real / Personal)$51,363 / $0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$377,107
Statement of Functional Expenses (for 2010)
Total functional expenses$6,669,635
Compensation of current officers, directors, trustees, and key employees$178,000
Other salaries and wages$133,409
Payroll taxes$23,501
Professional fundraising services$0
Other$6,334,725
Balance Sheet (for 2010)
Total assets$41,945,149
Total liabilities$10,637,803
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$10,637,803
Total net assets or fund balances$31,307,346
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2010)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2010)
2006 - 2010 Total
Total Support$29,671,249
Gifts, grants, contributions, and membership fees received$23,710,716
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$5,960,533
Gross receipts from related activities, etc.$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Silicon Valley Community Foundation2440 West El Camino Real, Mountain View, CA 94040-1497CA2006-10$1,425,546,494
2The Rhode Island Community FoundationOne Union Station, Providence, RI 02903-1758RI1985-06$490,959,698
3Hampton Roads Community Foundation101 W Main Street, Norfolk, VA 23510-1646VA2001-09$202,520,818
4Lutheran Community Foundation625 Fourth Avenue South, Minneapolis, MN 55415-1624MN1995-07$196,844,977
5Central Indiana Community Foundation Inc615 N Alabama St Ste 119, Indianapolis, IN 46204-1431IN1990-07$171,303,878
6Community Foundation For Southeast Michigan333 W Fort St Ste 2010, Detroit, MI 48226-3134MI1984-08$166,448,688
7American Endowment FoundationPO BOX 911, Hudson, OH 44236-5911OH1994-01$133,686,889
8Community Foundation For The Fox Valley Region IncPO BOX 563, Appleton, WI 54912-0563WI1986-08$86,862,302
9The Community Foundation Of Greater Birmingham2100 1st Ave N Ste 700, Birmingham, AL 35203-4223AL1966-02$74,558,368
10Santa Barbara Foundation1111 Chapala St Ste 200, Santa Barbara, CA 93101-3100CA1938-05$66,190,514
11Omaha Community Foundation302 S 36th St Ste 100, Omaha, NE 68131-3845NE1982-07$53,105,378
12Hope Christian Community Foundation4515 Poplar Ave Ste 324, Memphis, TN 38117-7507TN1998-10$52,809,594
13Minnesota Community Foundation55 5th St E Ste 600, Saint Paul, MN 55101-1797MN1959-07$52,741,546
14Community Foundation Of Western Nevada1885 S Arlington Ave Ste 103, Reno, NV 89509-3370NV1998-02$28,259,199
15College Of Southern Nevada Foundation Inc6375 W Charleston Blvd W32e, Las Vegas, NV 89146-1139NV1983-07$1,654,173
16Las Vegas Northwest Rotary FoundationPO BOX 370995, Las Vegas, NV 89137-0995NV2009-02$37,651
17Friends Of The Rainbow Company800 Brush St, Las Vegas, NV 89107-4005NV1983-12$29,437
18Core 24 CharitiesPO BOX 2262, Stateline, NV 89449-2262NV2004-01$21,568
19Emerald Dream Foundation3078 East Sunset Road, Las Vegas, NV 89120NV2008-07$11,662
20Mesquite Sunrise Rotary Foundation IncorporatedPo Box 2195, Mesquite, NV 89027NV2009-02$0
Number of organizations performing similar types of work
Alaska9
Alabama39
Arkansas16
Arizona44
California307
Colorado69
Connecticut49
District of Columbia17
Delaware6
Florida121
Georgia71
Hawaii16
Iowa83
Idaho15
Illinois112
Indiana72
Kansas48
Kentucky23
Louisiana22
Massachusetts74
Maryland68
Maine16
Michigan116
Minnesota59
Missouri41
Mississippi24
Montana38
North Carolina64
North Dakota8
Nebraska43
New Hampshire11
New Jersey83
New Mexico16
Nevada21
New York158
Ohio124
Oklahoma31
Oregon55
Pennsylvania109
Rhode Island19
South Carolina36
South Dakota9
Tennessee32
Texas174
Utah24
Virginia62
Vermont11
Washington64
Wisconsin79
West Virginia20
Wyoming9
International6
Total2,843

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