Civic Intelligence

Mesquite Qalicb Inc.

990 • Fiscal year 2020 • EIN 82-3098581

Jul 01, 2019 to Jun 30, 2020 • Filed on Feb 11, 2021

7060 W Windmill LaneLas Vegas, NV 89113

(702) 507-3559

Siviq Scores

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

Liabilities / Assets

95th percentile

1.17x

Higher debt load relative to assets than 95% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

100th percentile

84.61x

Higher debt load relative to revenue than 100% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

2nd percentile

-223%

Higher net margin than 2% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

18th percentile

-3.0%

Faster asset growth than 18% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

42nd percentile

-1.5%

Faster revenue growth than 42% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Down

$8,368,204

Down $258,096 (-3.0%) from 2019

Net Assets

Down

-$1,441,379

Down $258,086 (-22%) from 2019

Liabilities

Down

$9,809,583

Down $10 (-0.0%) from 2019

Revenue

Down

$115,935

Down $1,722 (-1.5%) from 2019

Expenses

Down

$374,021

Down $223,267 (-37%) from 2019

Net Income

Up

-$258,086

Up $221,545 (+46%) from 2019

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2018: $10,214,026Liabilities 2018: $10,917,688Net Assets 2018: -$703,6622018Assets 2019: $8,626,300Liabilities 2019: $9,809,593Net Assets 2019: -$1,183,2932019Assets 2020: $8,368,204Liabilities 2020: $9,809,583Net Assets 2020: -$1,441,3792020Assets 2021: $8,106,487Liabilities 2021: $9,809,583Net Assets 2021: -$1,703,0962021Assets 2022: $7,844,222Liabilities 2022: $9,809,583Net Assets 2022: -$1,965,3612022Assets 2023: $7,584,075Liabilities 2023: $9,810,583Net Assets 2023: -$2,226,5082023Assets 2024: $7,321,987Liabilities 2024: $9,810,734Net Assets 2024: -$2,488,7472024Assets 2025: $0Liabilities 2025: $0Net Assets 2025: $02025

Highlighted filing

2020

Assets$8,368,204
Liabilities$9,809,583
Net Assets-$1,441,379

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2018: $88,146Expenses 2018: $791,808Net Income 2018: -$703,6622018Revenue 2019: $117,657Expenses 2019: $597,288Net Income 2019: -$479,6312019Revenue 2020: $115,935Expenses 2020: $374,021Net Income 2020: -$258,0862020Revenue 2021: $115,069Expenses 2021: $376,786Net Income 2021: -$261,7172021Revenue 2022: $115,025Expenses 2022: $377,290Net Income 2022: -$262,2652022Revenue 2023: $116,842Expenses 2023: $377,989Net Income 2023: -$261,1472023Revenue 2024: $116,084Expenses 2024: $378,323Net Income 2024: -$262,2392024Revenue 2025: $9,897,266Expenses 2025: $7,408,519Net Income 2025: $2,488,7472025

Highlighted filing

2020

Revenue$115,935
Expenses$374,021
Net Income-$258,086
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Feb 11, 2021
Return Version
2019v5.1
Gross Receipts
$115,935
Mission and Program Overview

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,271,582$8,059,013▼ $212,569
Cash and Non-Interest-Bearing Accounts$338,385$292,858▼ $45,527
Prepaid Expenses and Deferred Charges$16,333$16,333→ $0
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$8,626,300$8,368,204▼ $258,096
Other Assets Total$0$0→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$9,800,000$9,800,000→ $0
Other Liabilities$9,593$9,583▼ $10
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$9,809,593$9,809,583▼ $10
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$-1,183,293$-1,441,379▼ $258,086
Total Net Assets Fund Balance$-1,183,293$-1,441,379▼ $258,086
Total Liabilities and Net Assets / Fund Balance$8,626,300$8,368,204▼ $258,096

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,059,013$442,850$8,501,863
Compensation and Service Providers

Board Members and Trustees

NameTitle
Fred JamesPresident
Randy EnceDirector
Tim WongDirector
Michael SaundersDirectors
Keiba CrearSecretary-treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$935
Other Revenue
$115,000
Change in Net Assets
$-258,086

Audited Revenue Reconciliation

Revenue per Audited Statements
$115,935
Total Revenue per Audited Statements
$115,935
Total Revenue per Form 990
$115,935
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$374,021
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$212,569--$212,569
Interest$98,000--$98,000
Fees for Services Accounting-$3,567-$3,567
Insurance-$1,207-$1,207
Other Expenses-$10-$10
Total Functional Expenses$310,569$63,452$0$374,021

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$374,021
Total Expenses per Audited Statements$374,021
Total Expenses per Form 990$374,021
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

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

Other Reported Liabilities

LiabilityAmount
Unearned Revenue$9,583
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Business relationship with 35% controlled entity
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
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 19

Governing documents, conflict of interest policy and financial statements were not provided to the public during the tax year.

Form 990, Part VI, Line 11B

The form 990 is reviewed by lvccld financial services (senior accountant, assistant finance director, and chief financial officer) and the qalicb president.

Filing and Contact Details

Filer

Filer Name
Mesquite Qalicb Inc
EIN
82-3098581
In Care Of
% LV-CC LIBRARY DISTRICT
Phone
7025073559
Address
7060 W WINDMILL LANE, LAS VEGAS, NV 89113

Signing Officer

Name
Fred James
Title
President
Phone
7025073559
Signed
2021-02-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Fred James
Formed
2017
Legal Domicile
Nv
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Bdo USA Llp
Address
6100 ELTON AVE SUITE 1000, LAS VEGAS, NV 89107
Preparer
Scott Taylor
Phone
7023841120
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IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-258086
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IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt0115000
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
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IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
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IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
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IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0880248022
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0LAS VEGAS-CLARK COUNTY LIBRARY DISTRICT
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt08059013
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0442850
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08501863
IRS990ScheduleD/ExpensesSubtotalAmt0374021
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09583
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0UNEARNED REVENUE
IRS990ScheduleD/RevenueSubtotalAmt0115935
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08059013
IRS990ScheduleD/TotalExpensesPerForm990Amt0374021
IRS990ScheduleD/TotalLiabilityAmt09583
IRS990ScheduleD/TotalRevenuePerForm990Amt0115935
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0115935
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0374021
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS WERE NOT PROVIDED TO THE PUBLIC DURING THE TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY LVCCLD FINANCIAL SERVICES (SENIOR ACCOUNTANT, ASSISTANT FINANCE DIRECTOR, AND CHIEF FINANCIAL OFFICER) AND THE QALICB PRESIDENT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, LINE 11B
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1LVCCLD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt2LVCCLD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0LAS VEGAS-CLARK COUNTY LIBRARY DISTRICT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1LAS VEGAS-CLARK COUNTY LIBRARY FOUNDATIO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2EAST LAS VEGAS QALICB INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0880248022
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1270035192
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2822142323
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NV
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1NV
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2NV
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SEE PART VII
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1SEE PART VII
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2SEE PART VII
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0170(B)(1)A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1509(A)(3)I
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt07060 W WINDMILL LANE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt17060 W WINDMILL LANE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt27060 W WINDMILL LANE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0LAS VEGAS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1LAS VEGAS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2LAS VEGAS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NV
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1NV
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd2NV
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd089113
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd189113
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd289113
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0true
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0PUBLIC LIBRARY SERVICES
IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt1SUPPORTING PUBLIC LIBRARY SERVICES
IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt2LEASING REAL OR PERSONAL PROPERTY
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, SCHEDULE R, PART II, LINE 1, COLUMN B
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, SCHEDULE R, PART II, LINE 2, COLUMN B
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, SCHEDULE R, PART II, LINE 3, COLUMN B
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt063452
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0LAS VEGAS-CLARK COUNTY LIBRARY DISTRICT
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0Q
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IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00

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