Civic Intelligence

Aaun Endowment Fund Inc.

990 • Fiscal year 2023 • EIN 88-0296894

Jul 01, 2022 to Jun 30, 2023 • Filed on May 08, 2023

1664 N Virginia St Mail Stop 162Reno, NV 89557

(775) 784-1587

Siviq Scores

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

Liabilities / Assets

8th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

8th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

3rd percentile

-140%

Higher net margin than 3% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

96th percentile

$588,558

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 172.4% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

41st percentile

2.5%

Faster asset growth than 41% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

9th percentile

-40%

Faster revenue growth than 9% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Assets

Up

$9,001,384

Up $217,887 (+2.5%) from 2022

Net Assets

Up

$9,001,384

Up $218,728 (+2.5%) from 2022

Liabilities

Down

$0

Down $841 (-100%) from 2022

Revenue

Down

$341,366

Down $231,416 (-40%) from 2022

Expenses

Up

$818,279

Up $759,776 (+1299%) from 2022

Net Income

Down

-$476,913

Down $991,192 (-193%) from 2022

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $5,375,833Liabilities 2011: $10,947Net Assets 2011: $5,364,8862011Assets 2012: $5,683,664Liabilities 2012: $0Net Assets 2012: $5,683,6642012Assets 2013: $6,489,525Liabilities 2013: $252,650Net Assets 2013: $6,236,8752013Assets 2014: $7,348,337Liabilities 2014: $280,038Net Assets 2014: $7,068,2992014Assets 2016: $6,973,538Liabilities 2016: $341,007Net Assets 2016: $6,632,5312016Assets 2017: $7,559,744Liabilities 2017: $318,288Net Assets 2017: $7,241,4562017Assets 2018: $8,188,195Liabilities 2018: $374,811Net Assets 2018: $7,813,3842018Assets 2019: $8,369,076Liabilities 2019: $112,000Net Assets 2019: $8,257,0762019Assets 2020: $8,253,964Liabilities 2020: $107,856Net Assets 2020: $8,146,1082020Assets 2021: $9,963,032Liabilities 2021: $2,197Net Assets 2021: $9,960,8352021Assets 2022: $8,783,497Liabilities 2022: $841Net Assets 2022: $8,782,6562022Assets 2023: $9,001,384Liabilities 2023: $0Net Assets 2023: $9,001,3842023Assets 2024: $10,048,444Liabilities 2024: $1,252Net Assets 2024: $10,047,1922024

Highlighted filing

2023

Assets$9,001,384
Liabilities$0
Net Assets$9,001,384

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $108,306Expenses 2011: $11,998Net Income 2011: $96,3082011Revenue 2012: $607,769Expenses 2012: $242,843Net Income 2012: $364,9262012Revenue 2013: $113,823Expenses 2013: $264,610Net Income 2013: -$150,7872013Revenue 2014: $349,086Expenses 2014: $277,388Net Income 2014: $71,6982014Revenue 2016: $232,306Expenses 2016: $353,666Net Income 2016: -$121,3602016Revenue 2017: $312,283Expenses 2017: $345,221Net Income 2017: -$32,9382017Revenue 2018: $509,964Expenses 2018: $371,314Net Income 2018: $138,6502018Revenue 2019: $684,526Expenses 2019: $286,152Net Income 2019: $398,3742019Revenue 2020: $123,518Expenses 2020: $336,017Net Income 2020: -$212,4992020Revenue 2021: $455,933Expenses 2021: $349,911Net Income 2021: $106,0222021Revenue 2022: $572,782Expenses 2022: $58,503Net Income 2022: $514,2792022Revenue 2023: $341,366Expenses 2023: $818,279Net Income 2023: -$476,9132023Revenue 2024: $660,549Expenses 2024: $432,602Net Income 2024: $227,9472024

Highlighted filing

2023

Revenue$341,366
Expenses$818,279
Net Income-$476,913
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 8, 2023
Return Version
2022v5.0
Gross Receipts
$559,125
Mission and Program Overview

Mission

To provide scholarships and grants to students athletes at the university of nevada, reno.

To provide scholarships and grants to student athletes at the university of nevada reno

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$8,360,455$8,932,692▲ $572,237
Accounts Receivable$411,221$43,772▼ $367,449
Total Assets$8,783,497$9,001,384▲ $217,887
Other Assets Total$11,821$24,920▲ $13,099
Liabilities
Accounts Payable and Accrued Expenses$841--
Total Liabilities$841$0▼ $841
Net Assets / Fund Balance
Net Assets With Donor Restrictions$7,903,440$8,100,161▲ $196,721
Net Assets Without Donor Restrictions$879,216$901,223▲ $22,007
Total Net Assets Fund Balance$8,782,656$9,001,384▲ $218,728
Total Liabilities and Net Assets / Fund Balance$8,783,497$9,001,384▲ $217,887

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$8,782,656$94,355▲ $942,652-$9,001,384
2021$9,960,835$104,670▼ $1,224,346-$8,782,656
2020$8,146,107$119,808▲ $2,044,830-$9,960,835
2019$8,257,076$42,000▲ $183,048-$8,146,107
2018$7,813,386$108,213▲ $621,629-$8,257,076
Compensation and Service Providers

Employees

NameTitleOtherTotal
Brian SandovalUnr Presiden$588,558$588,558
Victor ReddingUnr VP Finan$355,266$355,266

Board Members and Trustees

NameTitle
Joe BradleyPresident
Brian SandovalUnr President
Doug KnuthAthletic Director
Stephanie RempeAthletic Director
Sonny NewmanPast Preside
Rick ReviglioSecretary
Chris AraminiTreasurer
Victor ReddingUnr VP Finance
Revenue and Support

Revenue Composition

Contributions and Grants
$94,355
Program Service Revenue
$0
Investment Income
$247,011
Other Revenue
$0
All Other Contributions
$59,920
Change in Net Assets
$-476,913
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$775,019
Other Expenses$43,260
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$775,019--$775,019
Other Expenses-$31,000-$31,000
Fees for Services Accounting-$12,260-$12,260
Total Functional Expenses$775,019$43,260$0$818,279
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of Nevada RenoReno, NV501c3Scholarships$585,684
University of Nevada RenoReno, NV501(c)Univeristy Programs$189,335
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
Audit committee
Yes
Backup withholding compliance
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI

Line 2: due to the size of the board and the members in the community its members are required to file conflict of interest reports annually. Line 6: the members are the non-compensated trustees.

Form 990, Page 6, Part VI, Line 2

SEE ATTACHED

Form 990, Page 6, Part VI, Line 6

Organization is organized as a non-stock corporation. The only members are the non-compsenated trustees / directors.

Form 990, Page 6, Part VI, Line 11B

Annually, the organization will review the form 990 with the finance committee. Copies will be available for all committee members.

Form 990, Page 6, Part VI, Line 12C

The officers, directors, trustees and key employees complete the conflict policy annually.

Form 990, Page 6, Part VI, Line 19

The organizations has open meetings and the governing documents, conflict of interest policies and financial statements can be obtained in an foia request.

Form 990, Part VII

Compensation paid by the related organization is for a full 12 month period ending within the tax year.

Filing and Contact Details

Filer

Filer Name
Aaun Endowment Fund Inc
EIN
88-0296894
Phone
7757841587
Address
1664 N VIRGINIA ST MAIL STOP 162, RENO, NV 89557
Doing Business As
Roger Bergmann Athletics Endowment

Signing Officer

Name
Chris Aramini
Title
Treasurer
Phone
7757841587
Signed
2023-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chris Aramini
Formed
1992
Legal Domicile
Nv
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
24

Preparer

Firm
Charles Morrison
Address
PO BOX 3457, RENO, NV 89505
Preparer
Charles a Morrison
Phone
7753246800
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IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt042000
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IRS990ScheduleD/TermEndowmentBalanceEOYPct00.25490
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IRS990ScheduleI/RecipientTable/CashGrantAmt0585684
IRS990ScheduleI/RecipientTable/CashGrantAmt1189335
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SCHOLARSHIPS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1UNIVERISTY PROGRAMS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0UNIVERSITY OF NEVADA RENO
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1UNIVERSITY OF NEVADA RENO
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0MAIL STOP 124
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1MAIL STOP 123
IRS990ScheduleI/RecipientTable/USAddress/CityNm0RENO
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE UNIVERSITY OF NEVADA, RENO MAINTAINS RECORDS TO SUBSTANTIATE THE AMOUNT OF THE GRANTS OR ASSISTANCE, THE GRANTEES' ELIGIBILITY FOR THE GRANTS OR ASSISTANCE, AND THE SELECTION CRITERIA USED TO AWARD THE GRANTS OR ASSISTANCE. THE AAUN ENDOWMENT FUND, INC., TRANSFERS THE FUNDS TO THE UNIVERSITY OF NEVADA, RENO TO SUPPLEMENT AND SUPPORT STUDENT ATHLETES ATTENDING THE UNIVERSITY. THE EXPENDITURE OF FUNDS ARE DONE IN COMPLIANCE WITH THE IRS REGULATIONS, STATE OF NEVADA LAWS AND THE NEVADA SYSTEM OF HIGHER EDUCATION RULES AND REGULATIONS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2171667
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt3150254
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt0140234
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt233385
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt26764
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0BRIAN SANDOVAL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1VICTOR REDDING
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2DOUG KNUTH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3STEPHANIE REMPE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0UNR PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1UNR VP FINANCE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2ATHLETIC DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3ATHLETIC DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0588558
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1355266
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINE 2: DUE TO THE SIZE OF THE BOARD AND THE MEMBERS IN THE COMMUNITY ITS MEMBERS ARE REQUIRED TO FILE CONFLICT OF INTEREST REPORTS ANNUALLY. LINE 6: THE MEMBERS ARE THE NON-COMPENSATED TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SEE ATTACHED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ORGANIZATION IS ORGANIZED AS A NON-STOCK CORPORATION. THE ONLY MEMBERS ARE THE NON-COMPSENATED TRUSTEES / DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANNUALLY, THE ORGANIZATION WILL REVIEW THE FORM 990 WITH THE FINANCE COMMITTEE. COPIES WILL BE AVAILABLE FOR ALL COMMITTEE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE OFFICERS, DIRECTORS, TRUSTEES AND KEY EMPLOYEES COMPLETE THE CONFLICT POLICY ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATIONS HAS OPEN MEETINGS AND THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS CAN BE OBTAINED IN AN FOIA REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6COMPENSATION PAID BY THE RELATED ORGANIZATION IS FOR A FULL 12 MONTH PERIOD ENDING WITHIN THE TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VII
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1ATHLETIC ASSOCIATION UNIVERSITY OF
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2UNIVERSITY OF NEVADA RENO FOUNDATIO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3NEVADA SYSTEM OF HIGHER EDUCATION
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0HIGHER EDU
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1ATHLETIC P
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2SUPPORT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt3HIGHER EDU
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt2MAIL STOP 162
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt32601 ENTERPRISE RD
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