Civic Intelligence

Nmc Legacy Fund

990 • Fiscal year 2017 • EIN 27-3503738

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 13, 2018

1655 Mountain City HighwayElko, NV 89801

(775) 778-4353

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

54th percentile

0.12x

Higher debt load relative to assets than 54% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

50th percentile

0.10x

Higher debt load relative to revenue than 50% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

76th percentile

18%

Higher net margin than 76% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

89th percentile

41%

Faster asset growth than 89% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

68th percentile

15%

Faster revenue growth than 68% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$2,432,385

Up $713,354 (+41%) from 2016

Net Assets

Up

$2,136,865

Up $547,237 (+34%) from 2016

Liabilities

Up

$295,520

Up $166,117 (+128%) from 2016

Revenue

Up

$3,004,997

Up $382,338 (+15%) from 2016

Expenses

Up

$2,457,760

Up $127,675 (+5.5%) from 2016

Net Income

Up

$547,237

Up $254,663 (+87%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2012: $516,607Liabilities 2012: $0Net Assets 2012: $516,6072012Assets 2013: $796,859Liabilities 2013: $41,853Net Assets 2013: $755,0062013Assets 2014: $1,089,630Liabilities 2014: $60,717Net Assets 2014: $1,028,9132014Assets 2015: $1,318,535Liabilities 2015: $21,481Net Assets 2015: $1,297,0542015Assets 2016: $1,719,031Liabilities 2016: $129,403Net Assets 2016: $1,589,6282016Assets 2017: $2,432,385Liabilities 2017: $295,520Net Assets 2017: $2,136,8652017Assets 2018: $3,282,068Liabilities 2018: $100,532Net Assets 2018: $3,181,5362018Assets 2019: $4,143,698Liabilities 2019: $680,289Net Assets 2019: $3,463,4092019Assets 2020: $4,299,807Liabilities 2020: $941,869Net Assets 2020: $3,357,9382020Assets 2021: $5,206,798Liabilities 2021: $1,684,754Net Assets 2021: $3,522,0442021Assets 2022: $4,570,988Liabilities 2022: $874,757Net Assets 2022: $3,696,2312022Assets 2023: $5,395,410Liabilities 2023: $1,494,966Net Assets 2023: $3,900,4442023Assets 2024: $6,359,492Liabilities 2024: $2,176,188Net Assets 2024: $4,183,3042024

Highlighted filing

2017

Assets$2,432,385
Liabilities$295,520
Net Assets$2,136,865

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $1,626,0482012Revenue 2013: $2,276,824Expenses 2013: $2,038,425Net Income 2013: $238,3992013Revenue 2014: $2,179,852Expenses 2014: $1,905,945Net Income 2014: $273,9072014Revenue 2015: $2,439,474Expenses 2015: $2,171,333Net Income 2015: $268,1412015Revenue 2016: $2,622,659Expenses 2016: $2,330,085Net Income 2016: $292,5742016Revenue 2017: $3,004,997Expenses 2017: $2,457,760Net Income 2017: $547,2372017Revenue 2018: $3,227,158Expenses 2018: $2,182,487Net Income 2018: $1,044,6712018Revenue 2019: $2,946,271Expenses 2019: $2,664,398Net Income 2019: $281,8732019Revenue 2020: $382,363Expenses 2020: $487,834Net Income 2020: -$105,4712020Revenue 2021: $393,722Expenses 2021: $229,616Net Income 2021: $164,1062021Revenue 2022: $305,652Expenses 2022: $131,465Net Income 2022: $174,1872022Revenue 2023: $370,161Expenses 2023: $165,948Net Income 2023: $204,2132023Revenue 2024: $511,433Expenses 2024: $228,573Net Income 2024: $282,8602024

Highlighted filing

2017

Revenue$3,004,997
Expenses$2,457,760
Net Income$547,237
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 13, 2018
Return Version
2017v2.2
Gross Receipts
$3,038,056
Mission and Program Overview

Mission

Nmc legacy fund's goal is to build healthy, sustainable communities by providing essential funding for programs and services where existing gaps have been identified and that serve a social service need to our communities.

To help build healthy sustainable communities, offering a better life for individuals and families working and living in our communities by providing financial assistance to tax exempt social service agencies that offer programs and services within our communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,589,628$2,136,865▲ $547,237
Investments in Publicly Traded Securities$1,287,621$2,064,994▲ $777,373
Savings and Temporary Cash Investments$423,608$359,181▼ $64,427
Cash and Non-Interest-Bearing Accounts$7,802$7,341▼ $461
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,719,031$2,432,385▲ $713,354
Other Assets Total-$869-
Liabilities
Other Liabilities$129,403$295,520▲ $166,117
Total Liabilities$129,403$295,520▲ $166,117
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,589,628$2,136,865▲ $547,237
Total Liabilities and Net Assets / Fund Balance$1,719,031$2,432,385▲ $713,354

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$1,711,229$488,381▲ $238,909-$2,424,175
2016$1,292,383$313,457▲ $115,682-$1,711,229
2015$1,082,161$232,924▼ $14,231-$1,292,383
2014$789,151$236,767▲ $62,935-$1,082,161
2013$458,687$298,173▲ $36,339-$789,151
Compensation and Service Providers

Board Members and Trustees

NameTitle
James YoungPresident
Heather NelsonVice President
Annie HuhtaDirector
Cody BondDirector
Dawn WaughDirector
Jaymie DonovanDirector
Penny RileyDirector
Nancy OstlerExecutive Director
Stacey JohnsonSecretary
Jodi MossTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,931,337
Program Service Revenue
$0
Investment Income
$73,660
Other Revenue
$0
All Other Contributions
$2,931,337
Change in Net Assets
$547,237
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,419,247
Other Expenses$38,513
Total Fundraising Expense$15,220
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,419,247--$2,419,247
Advertising-$2,058$15,220$17,278
Fees for Service Investment Mgmnt Fees-$13,735-$13,735
Fees for Services Accounting-$4,380-$4,380
Office Expenses-$1,749-$1,749
Other Expenses-$609-$609
Total Functional Expenses$2,419,247$23,293$15,220$2,457,760
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Living Stones ChurchElko, NV-General Support$177,595
Boys and Girls ClubElko, NV-General Support$127,449
Grace Baptist ChurchElko, NV-General Support$87,810
Calvary Baptist ChurchElko, NV-General Support$85,323
Horizon HospiceElko, NV-General Support$72,278
Boy Scouts of AmericaElko, NV-General Support$68,917
Elko Senior CenterElko, NV-General Support$65,475
Christ Community ChurchSpring Creek, NV-General Support$63,720
Communities in SchoolsSpring Creek, NV-General Support$60,042
Nevada Outdoor SchoolWinnemucca, NV-General Support$58,364
Calvary Chapel of Spring CrkSpring Creek, NV-General Support$49,380
American Red CrossReno, NV-General Support$46,215
Young LifeElko, NV-General Support$42,734
Faith Lutheran ChurchElko, NV-General Support$42,640
D3 ChurchWinnemucca, NV-General Support$42,600
Senior Center of Humboldt CtyWinnemucca, NV-General Support$41,950
FishElko, NV-General Support$40,793
Winnemucca Food BankWinnemucca, NV-General Support$38,808
Grass Valley Baptist ChurchWinnemucca, NV-General Support$38,480
VFW Post 2350Elko, NV-General Support$36,944
Humboldt Volunteer HospiceWinnemucca, NV-General Support$35,300
Lighthouse Christian FellowshElko, NV-General Support$35,040
Ruby Mountain Bible ChurchSpring Creek, NV-General Support$35,040
Christ Lutheran Church PreschBattle Mountain, NV-General Support$34,860
Elko County 4-HElko, NV-General Support$30,489
Spring Creek Volunteer FireElko, NV-General Support$30,128
Winnemucca Domestic ViolenceWinnemucca, NV-General Support$27,830
The Bridge Baptist ChurchElko, NV-General Support$26,760
Bikers Against Child AbuseElko, NV-General Support$26,640
Friends for LifeElko, NV-General Support$26,532
CadvElko, NV-General Support$24,937
ST Pauls Catholic ChurchWinnemucca, NV-General Support$23,293
Battle Mountain Senior CenterBattle Mountain, NV-General Support$22,490
Spring Creek Christian AcademSpring Creek, NV-General Support$22,020
Lighthouse Baptist ChurchWinnemucca, NV-General Support$19,680
Carlin Senior CenterCarlin, NV-General Support$17,680
Zion Lutheran ChurchWinnemucca, NV-General Support$17,160
Jacobs WellBattle Mountain, NV-General Support$16,230
St Josephs Catholic ChurchElko, NV-General Support$16,204
UNR FoundationReno, NV-General Support$15,548
Elko Institute for AcademicElko, NV-General Support$15,300
Battle Mtn Foursquare ChurchBattle Mountain, NV-General Support$14,880
Wells Senior CenterWells, NV-General Support$14,289
Humboldt County 4-HWinnemucca, NV-General Support$14,050
Battle Mtn First Baptist ChurBattle Mountain, NV-General Support$12,770
Assembly of GodBattle Mountain, NV-General Support$12,600
Lander County Search and RescBattle Mountain, NV-General Support$12,590
NV Outdoorsmen in WheelchairsElko, NV-General Support$12,165
Carlin Kids ClubCarlin, NV-General Support$12,130
Jarbidge Volunteer Fire DeptJarbidge, NV-General Support$11,670
Ruby Mountain Resource CenterElko, NV-General Support$11,620
Battle Mtn Church of ChristBattle Mountain, NV-General Support$11,520
Ruby Mountain ChapelWells, NV-General Support$11,200
Knights of Columbus-Right toElko, NV-General Support$11,122
Fellowship Baptist MissionBattle Mountain, NV-General Support$11,040
Head Start of Northern NevadaElko, NV-General Support$10,503
Family Resource Center of NEElko, NV-General Support$10,400
St John Bosco Catholic ChurcBattle Mountain, NV-General Support$10,390
Assembly of GodElko, NV-General Support$10,380
Helping Hands Food Bank AOGBattle Mountain, NV-General Support$10,380
Carlin First Baptist ChurchCarlin, NV-General Support$10,320
CasaElko, NV-General Support$9,723
Kingdom Hall - Jehovah WitnesElko, NV-General Support$9,600
Victory Community ChurchElko, NV-General Support$9,600
Nevada Health CentersCarson City, NV-General Support$9,520
Grass Valley Volunteer FireLovelock, NV-General Support$9,220
First Presbyterian ChurchElko, NV-General Support$9,130
Winnemucca Rural Fire DeptWinnemucca, NV-General Support$9,060
American Legion Post #7Elko, NV-General Support$8,920
Calvary Chapel of WinnemuccaWinnemucca, NV-General Support$8,800
Childrens CabinetElko, NV-General Support$8,747
St Mark Lutheran ChurchElko, NV-General Support$8,584
Winnemucca Christian FellowshWinnemucca, NV-General Support$8,460
VFW Post 12116Winnemucca, NV-General Support$8,120
Joshua Tree ShelterElko, NV-General Support$8,040
Elko Volunteer Fire DeptElko, NV-General Support$7,510
Humboldt County Search and ReWinnemucca, NV-General Support$7,500
Girl Scouts of the Sierra NVReno, NV-General Support$7,227
Winnemucca Community GardenWinnemucca, NV-General Support$6,903
Frontier Community CoalitionLovelock, NV-General Support$6,380
VFW Post 9165Battle Mountain, NV-General Support$6,200
Carlin Sacred Heart ChurchCarlin, NV-General Support$6,180
Lander County Kids ClubBattle Mountain, NV-General Support$5,980
Carlin Volunteer Fire DepartmCarlin, NV-General Support$5,820
Nevada Rural RSVPCarson City, NV-General Support$5,770
Ryndon Volunteer Fire DeptElko, NV-General Support$5,590
Great Basin College FoundatioElko, NV-General Support$5,483
Spanish Jehovah WitnessesWinnemucca, NV-General Support$5,480
Wounded Warrior ProjectJacksonville, FL-General Support$5,340
Creative Kids Co-opSpring Creek, NV-General Support$5,180
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Unrealized Gain on Investment$295,520
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

A complete copy of the form 990 is provided to the board of directors to review and approval is documented in the board meeting minutes prior to filing with the irs.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The nmc legacy fund conflict of interest policy is incorporated into the board of directors code of ethics, and compliance is mandated by the corporate bylaws. Each director / officer is required to sign the board of directors code of ethics when appointed to the board.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Nmc legacy fund keeps its governing documents, conflict of interest policy, and financial information in the custody of the exective director at 1655 mountain city highway, elko, nv. All required documents are available to the public on request.

Filing and Contact Details

Filer

Filer Name
Nmc Legacy Fund
EIN
27-3503738
Phone
7757784353
Address
1655 MOUNTAIN CITY HIGHWAY, ELKO, NV 89801

Signing Officer

Name
James Young
Title
President
Signed
2018-11-13
Discuss with paid preparer
Yes

Organization Details

Formed
2010
Legal Domicile
Nv
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
40

Preparer

Firm
Read & Powell LLP
Address
491 5th St, Elko, NV 89801-3513
Preparer
Richard J Hull
Phone
7757388441
Supplemental Narrative

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

Nmc legacy fund has established an endowment fund for the long-term social service needs of our communities. The premise behind the endowment fund can be likened to "saving for a rainy day." the endowment fund's sole purpose is to help sustain tax exempt social service organizations that provide needed services, activities and educational opportunities after newmont mining corporation has concluded operations.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Dir.
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IRS990/Form990PartVIISectionAGrp/TitleTxt7Secretary
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0NMC LEGACY FUND HAS ESTABLISHED AN ENDOWMENT FUND FOR THE LONG-TERM SOCIAL SERVICE NEEDS OF OUR COMMUNITIES. THE PREMISE BEHIND THE ENDOWMENT FUND CAN BE LIKENED TO "SAVING FOR A RAINY DAY." THE ENDOWMENT FUND'S SOLE PURPOSE IS TO HELP SUSTAIN TAX EXEMPT SOCIAL SERVICE ORGANIZATIONS THAT PROVIDE NEEDED SERVICES, ACTIVITIES AND EDUCATIONAL OPPORTUNITIES AFTER NEWMONT MINING CORPORATION HAS CONCLUDED OPERATIONS.
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