Civic Intelligence

Nevada 150 Foundation Inc

990 • Fiscal year 2014 • EIN 46-1862128

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 12, 2015

PO Box 2670Reno, NV 89505-2670

(775) 788-2000

Siviq Scores

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

Liabilities / Assets

40th percentile

0.05x

Higher debt load relative to assets than 40% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

25th percentile

0.02x

Higher debt load relative to revenue than 25% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

73rd percentile

14%

Higher net margin than 73% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

93rd percentile

64%

Faster asset growth than 93% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

93rd percentile

96%

Faster revenue growth than 93% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Up

$404,222

Up $157,166 (+64%) from 2013

Net Assets

Up

$383,189

Up $136,133 (+55%) from 2013

Liabilities

Up

$21,033

Up $21,033 from 2013

Revenue

Up

$949,597

Up $464,634 (+96%) from 2013

Expenses

Up

$813,465

Up $575,558 (+242%) from 2013

Net Income

Down

$136,132

Down $110,924 (-45%) from 2013

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2013: $247,056Liabilities 2013: $0Net Assets 2013: $247,0562013Assets 2014: $404,222Liabilities 2014: $21,033Net Assets 2014: $383,1892014Assets 2015: $430,812Liabilities 2015: $0Net Assets 2015: $430,8122015Assets 2016: $795,973Liabilities 2016: $0Net Assets 2016: $795,9732016Assets 2017: $9,339Liabilities 2017: $0Net Assets 2017: $9,3392017

Highlighted filing

2014

Assets$404,222
Liabilities$21,033
Net Assets$383,189

Operations Trend

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

$1.0M$500K$0-$500K-$1.0MRevenue 2013: $484,963Expenses 2013: $237,907Net Income 2013: $247,0562013Revenue 2014: $949,597Expenses 2014: $813,465Net Income 2014: $136,1322014Revenue 2015: $581,112Expenses 2015: $533,489Net Income 2015: $47,6232015Revenue 2016: $457,866Expenses 2016: $92,705Net Income 2016: $365,1612016Revenue 2017: $57,555Expenses 2017: $844,189Net Income 2017: -$786,6342017

Highlighted filing

2014

Revenue$949,597
Expenses$813,465
Net Income$136,132
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 12, 2015
Return Version
2014v5.0
Gross Receipts
$1,219,848
Mission and Program Overview

Mission

To assist in the planning and coordination of events and projects that celebrate the sesquicentennial anniversary of nevada's admission to the union.

To assist in the planning and coordination of events and projects that celebrate the sesquicentennial anniversary of nevada's admission to the union. To promote the independent spirit of nevada through education, tourism, and history.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$247,056$404,222▲ $157,166
Total Assets$247,056$404,222▲ $157,166
Liabilities
Grants Payable$0$21,033▲ $21,033
Total Liabilities$0$21,033▲ $21,033
Net Assets / Fund Balance
Unrestricted Net Assets$247,056$383,189▲ $136,133
Total Net Assets Fund Balance$247,056$383,189▲ $136,133
Total Liabilities and Net Assets / Fund Balance$247,056$404,222▲ $157,166
Compensation and Service Providers

Board Members and Trustees

NameTitle
Alvin HicksPresident and Director
Kathleen LaxaltDirector
Lori NelsonDirector
Brian KrolickiTrustee
Patricia CafferataSecretary & Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Mpr Doing Business As The Glenn GroupSee Schedule O50 WASHINGTON STREET, Reno, NV 89503$379,152
Revenue and Support

Revenue Composition

Contributions and Grants
$960,760
Program Service Revenue
$0
Investment Income
$-11,163
Other Revenue
$0
All Other Contributions
$881,793
Change in Net Assets
$136,132
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$813,465
Total Fundraising Expense$54,767
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$137,816-$44,306$182,122
Fees for Services Management-$150,000-$150,000
Fees for Services Other$25,185$95,334-$120,519
Travel$15,691-$10,461$26,152
Fees for Services Accounting-$20,131-$20,131
Office Expenses$13,912$425-$14,337
Other Expenses$17,137$14,128-$14,128
All Other Expenses$1,406$775-$2,181
Insurance-$500-$500
Information Technology$40--$40
Total Functional Expenses$412,005$346,693$54,767$813,465
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
Yes
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, Section B, Line 11

The nevada sesquicentennial commission (the commission) provides support and guidance to the foundation and its officers. The commission consists of 13 commissioners, with lt. Governor brian krolicki serving as chairman. The president of the foundation will review the form 990 with commission members prior to filing.

Form 990, Part VI, Section B, Line 12C

Officers and directors may make a presentation at the governing board or committee meeting. After the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. After consideration of all facts and circumstances, the board shall determine if the transaction or arrangement should be entered into or if an alternative should be considered based on the best interest of the organization.

Form 990, Part VI, Section B, Line 15B

The officers may receive reasonable compensation for services to the organization as determined by the board based on information about similarly situated taxable or tax-exempt organizations.

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST.

FORM 990, PART VII, SECTION B, INDEPENDENT CONTRACTORS, LINE 1:

The amount paid to mpr (doing business as the glenn group) consists of the following: executive director services 180,000. Public relations services 105,000. Commissions 46,506. Media services 3,000. Expense reimbursements 44,646. Total expenses 379,152.

Filing and Contact Details

Filer

Filer Name
Nevada 150 Foundation Inc
EIN
46-1862128
Phone
7757882000
Address
PO BOX 2670, RENO, NV 89505-2670

Signing Officer

Name
Alvin J Hicks
Title
President
Phone
7757882000
Signed
2015-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alvin J Hicks
Formed
2013
Legal Domicile
Nv
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
100

Preparer

Firm
Vt Williams & Associates Llp
Address
3470 GS RICHARDS BLVD, CARSON CITY, NV 89703
Preparer
Rachel Fletcher
Phone
7758823201
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Business expenses: program service expenses 0. Management and general expenses 2,013. Fundraising expenses 0. Total expenses 2,013. Commissions: program service expenses 0. Management and general expenses 46,506. Fundraising expenses 0. Total expenses 46,506. Outside contract services: program service expenses 25,185. Management and general expenses 46,815. Fundraising expenses 0. Total expenses 72,000.

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IRS990/ProgSrvcAccomActyOtherGrp/Desc0LEGACY PROJECTS: (1)LINCOLN BRONZE RELIEF-DONATED TO THE NEVADA STATE SENATE. ON OCTOBER 31, 1864, PRESIDENT LINCOLN LAID THE GROUNDWORK FOR NEVADA TO BECOME A STATE. THIS BRONZE RELIEF IS IN COMMEMORATION OF NEVADA'S ENTRY INTO STATEHOOD AND IN REMEMBRANCE OF PRESIDENT LINCOLN. (2) RESTORATION OF THE USS NEVADA MEMORIAL PLAQUE-ORIGINAL PLAQUE CREATED IN 1991, DUE TO WEATHERING THE NV 150 PAID TO RESTORE THIS MEMORIAL TO THE VETERANS OF PEARL HARBOR WHICH THE USS NEVADA PLAYED A MEMORABLE ROLE IN. (3) VETERAN'S WALL PLAQUE-THE NV 150 PAID FOR THE NEW PLAQUE (ORIGINALLY BUILT OF SANDSTONE) AND HELD A CEREMONY TO UNVEIL. SOUVENIR LICENSE PLATES: IN CONJUNCTION WITH THE NEVADA DMV, THESE SPECIAL PLATES WERE DESIGNED WITH NEVADA PRIDE IN MIND. DESIGNED BY COMMISSIONERS HICKS AND LAXALT. OTHER SPECIAL EVENTS: A STATEWIDE SING-ALONG TO OUR STATE SONG, HELD AT THE SAME TIME THROUGHOUT THE STATE 10:00 AM. NEVADA SET THE WORLD RECORD "MOST PEOPLE IN A U.S. STATE TO SING THEIR STATE SONG AT ONCE."
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE NEVADA SESQUICENTENNIAL COMMISSION (THE COMMISSION) PROVIDES SUPPORT AND GUIDANCE TO THE FOUNDATION AND ITS OFFICERS. THE COMMISSION CONSISTS OF 13 COMMISSIONERS, WITH LT. GOVERNOR BRIAN KROLICKI SERVING AS CHAIRMAN. THE PRESIDENT OF THE FOUNDATION WILL REVIEW THE FORM 990 WITH COMMISSION MEMBERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OFFICERS AND DIRECTORS MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING. AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. AFTER CONSIDERATION OF ALL FACTS AND CIRCUMSTANCES, THE BOARD SHALL DETERMINE IF THE TRANSACTION OR ARRANGEMENT SHOULD BE ENTERED INTO OR IF AN ALTERNATIVE SHOULD BE CONSIDERED BASED ON THE BEST INTEREST OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE OFFICERS MAY RECEIVE REASONABLE COMPENSATION FOR SERVICES TO THE ORGANIZATION AS DETERMINED BY THE BOARD BASED ON INFORMATION ABOUT SIMILARLY SITUATED TAXABLE OR TAX-EXEMPT ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE AMOUNT PAID TO MPR (DOING BUSINESS AS THE GLENN GROUP) CONSISTS OF THE FOLLOWING: EXECUTIVE DIRECTOR SERVICES 180,000. PUBLIC RELATIONS SERVICES 105,000. COMMISSIONS 46,506. MEDIA SERVICES 3,000. EXPENSE REIMBURSEMENTS 44,646. TOTAL EXPENSES 379,152.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BUSINESS EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,013. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,013. COMMISSIONS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 46,506. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 46,506. OUTSIDE CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 25,185. MANAGEMENT AND GENERAL EXPENSES 46,815. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 72,000.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VII, SECTION B, INDEPENDENT CONTRACTORS, LINE 1:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NV
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0247056
IRS990/TotalAssetsEOYAmt0404222
IRS990/TotalAssetsGrp/BOYAmt0247056
IRS990/TotalAssetsGrp/EOYAmt0404222
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0960760
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt054767
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0346693
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0412005
IRS990/TotalFunctionalExpensesGrp/TotalAmt0813465
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt021033
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt021033
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0247056
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0383189
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt080280
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt0412005
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-11163
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0949597
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0100
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0247056
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0404222
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt010461
IRS990/TravelGrp/ProgramServicesAmt015691
IRS990/TravelGrp/TotalAmt026152
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0247056
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0383189
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0100 WEST LIBERTY ST 10TH FLOOR
IRS990/USAddress/CityNm0RENO
IRS990/USAddress/StateAbbreviationCd0NV
IRS990/USAddress/ZIPCd089501
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.NV150FOUNDATION.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ALVIN J HICKS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07757882000
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEVADA 150 FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0NEVA
ReturnHeader/Filer/EIN0461862128
ReturnHeader/Filer/PhoneNum07757882000
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 2670
ReturnHeader/Filer/USAddress/CityNm0RENO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NV
ReturnHeader/Filer/USAddress/ZIPCd0895052670
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0880141764
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0VT WILLIAMS & ASSOCIATES LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03470 GS RICHARDS BLVD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CARSON CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NV
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd089703
ReturnHeader/PreparerPersonGrp/PhoneNum07758823201
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RACHEL FLETCHER
ReturnHeader/ReturnTs02015-11-13T15:02:37-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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