Civic Intelligence

Nevada Business Opportunity Fund

990 • Fiscal year 2016 • EIN 88-0330270

Apr 01, 2015 to Mar 31, 2016 • Filed on Apr 28, 2017

Organization Profile4MICROBIZ.com
550 E Charleston Blvd Suite ELas Vegas, NV 89104

(702) 734-3555

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.81x

Higher debt load relative to assets than 93% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

96th percentile

1.44x

Higher debt load relative to revenue than 96% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

36th percentile

-2.0%

Higher net margin than 36% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

99th percentile

$265,687

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 114.3% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

15th percentile

-31%

Faster asset growth than 15% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

21st percentile

-24%

Faster revenue growth than 21% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$413,557

Down $182,869 (-31%) from 2015

Net Assets

Down

$78,618

Down $5,442 (-6.5%) from 2015

Liabilities

Down

$334,939

Down $177,427 (-35%) from 2015

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin36th percentile

Revenue

Down

$232,546

Down $71,497 (-24%) from 2015

Expenses

Down

$237,220

Down $3,579 (-1.5%) from 2015

Net Income

Down

-$4,674

Down $67,918 (-107%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth15th percentile

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

$2.0M$1.0M$0-$1.0MAssets 2010: $1,544,991Liabilities 2010: $1,839,466Net Assets 2010: -$294,4752010Assets 2011: $1,140,474Liabilities 2011: $1,516,303Net Assets 2011: -$375,8292011Assets 2012: $350,284Liabilities 2012: $468,827Net Assets 2012: -$118,5432012Assets 2013: $368,056Liabilities 2013: $378,466Net Assets 2013: -$10,4102013Assets 2014: $315,767Liabilities 2014: $294,951Net Assets 2014: $20,8162014Assets 2015: $596,426Liabilities 2015: $512,366Net Assets 2015: $84,0602015Assets 2016: $413,557Liabilities 2016: $334,939Net Assets 2016: $78,6182016Assets 2017: $139,532Liabilities 2017: $194,157Net Assets 2017: -$54,6252017Assets 2018: $6,277Liabilities 2018: $16,775Net Assets 2018: -$10,4982018Assets 2020: $55,397Liabilities 2020: $13,317Net Assets 2020: $42,0802020Assets 2021: $172,207Liabilities 2021: $20,150Net Assets 2021: $152,0572021Assets 2022: $63,202Liabilities 2022: $83,558Net Assets 2022: -$20,3562022Assets 2023: $78,796Liabilities 2023: $54,430Net Assets 2023: $24,3662023Assets 2024: $50,010Liabilities 2024: $10,974Net Assets 2024: $39,0362024

Highlighted filing

2016

Assets$413,557
Liabilities$334,939
Net Assets$78,618
Open 2016 Filing

Operations Trend

Revenue Growth21st percentile

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

$1.0M$500K$0-$500KExpenses 2010: $755,5842010Revenue 2011: $757,590Expenses 2011: $838,942Net Income 2011: -$81,3522011Expenses 2012: $478,1362012Revenue 2013: $341,012Expenses 2013: $232,879Net Income 2013: $108,1332013Revenue 2014: $86,043Expenses 2014: $48,350Net Income 2014: $37,6932014Revenue 2015: $304,043Expenses 2015: $240,799Net Income 2015: $63,2442015Revenue 2016: $232,546Expenses 2016: $237,220Net Income 2016: -$4,6742016Revenue 2017: $253,080Expenses 2017: $389,639Net Income 2017: -$136,5592017Revenue 2018: $316,599Expenses 2018: $272,472Net Income 2018: $44,1272018Revenue 2020: $160,512Expenses 2020: $229,160Net Income 2020: -$68,6482020Revenue 2021: $340,177Expenses 2021: $241,276Net Income 2021: $98,9012021Revenue 2022: $225,846Expenses 2022: $388,759Net Income 2022: -$162,9132022Revenue 2023: $375,023Expenses 2023: $349,899Net Income 2023: $25,1242023Revenue 2024: $292,801Expenses 2024: $289,213Net Income 2024: $3,5882024

Highlighted filing

2016

Revenue$232,546
Expenses$237,220
Net Income-$4,674
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2015 to Mar 31, 2016
Signed
Apr 28, 2017
Return Version
2015v3.0
Gross Receipts
$232,546
Mission and Program Overview

Mission

The Nevada Business Opportunity Funds mission is to enhance the economic self-sufficiency and quality of life of low-to-moderate income individuals through entrepreneuial training, technical assistance and access to lending for new and expanding businesses in the state of NV.

The Organization serves to enhance the economic self-sufficiency of low to moderate income individuals by developing their entrepreneurial skills through classes and one-on-one counseling and coaching. In addition, the organization makes business loans and provides loan services to the same individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$213,624$254,872▲ $41,248
Other Notes and Loans Receivable, Net$270,111$148,829▼ $121,282
Pledges and Grants Receivable$100,013$0▼ $100,013
Cash and Non-Interest-Bearing Accounts$3,547$7,837▲ $4,290
Accounts Receivable$6,636$0▼ $6,636
Prepaid Expenses and Deferred Charges$2,495$2,019▼ $476
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$596,426$413,557▼ $182,869
Liabilities
Mortgage Notes Payable Secured by Investment Property$200,000$200,000→ $0
Other Liabilities$298,655$123,426▼ $175,229
Accounts Payable and Accrued Expenses$13,711$11,513▼ $2,198
Total Liabilities$512,366$334,939▼ $177,427
Net Assets / Fund Balance
Unrestricted Net Assets$84,060$78,618▼ $5,442
Total Net Assets Fund Balance$84,060$78,618▼ $5,442
Total Liabilities and Net Assets / Fund Balance$596,426$413,557▼ $182,869

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$14,719$14,719
Compensation and Service Providers
Top Officer Pay99th percentile

Board Members and Trustees

NameTitle
Scott AneyBoard Member - Chairman
Nancy BrownBoard Member
Nancy HamiltonBoard Member
Roberto BarraganCEO
Robert DennenCFO
Revenue and Support

Revenue Composition

Contributions and Grants
$179,047
Program Service Revenue
$43,499
Investment Income
$0
Other Revenue
$10,000
All Other Contributions
$55,000
Change in Net Assets
$-4,674
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$136,968
Other Expenses$100,252
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$98,969$14,106-$113,075
Insurance$23,873$2,631-$26,504
Other Employee Benefits$19,447$4,446-$23,893
Occupancy$19,588$1,608-$21,196
Office Expenses$13,459$3,146-$16,605
Information Technology$3,507$3,742-$7,249
Travel$1,479$1,997-$3,476
Fees for Services Accounting$1,734$1,266-$3,000
Fees for Services Other$1,335$975-$2,310
Advertising$561$1,134-$1,695
Fees for Services Legal$887$648-$1,535
All Other Expenses$686$707-$1,393
Other Expenses$1,037$222-$1,259
Conferences and Meetings$123$367-$490
Interest$202--$202
Total Functional Expenses$198,114$39,106$0$237,220
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to VEDC$123,426
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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, Section B, line 11

“The approval process is as follows: 1. Accountant prepares draft. 2. Draft is reviewed by client. 3. Accountant incorporates appropriate client-requested changes and provides another draft to client. 4. Once client approves, form 990 is provided to the board of directors for approval. 5. Upon approval by the board of the directors, form 990 is submitted, as required, to the internal revenue service.”

Form 990, Part VI, Section C, line 19

“The organization makes its prior financial statements available to the public during the tax year on the guide star website. Governing documents and conflict of interest statement are made available to interested parties upon written request.”

Filing and Contact Details

Filer

Filer Name
Nevada Business Opportunity Fund
EIN
88-0330270
Phone
7027343555
Address
550 E Charleston Blvd Suite E, Las Vegas, NV 89104

Signing Officer

Name
Roberto Barragan
Title
CFO
Phone
7027343555
Signed
2017-04-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Roberto Barragan
Formed
1995
Legal Domicile
Nv
Voting Board Members
3
Independent Board Members
3
Employees
4
Volunteers
0

Preparer

Firm
Cohnreznick Llp
Address
400 CAPITOL MALL SUITE 1200, SACRAMENTO, CA 95814
Preparer
Lisa M Cummings CPA
Phone
9164429100
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

“The process of overseeing the audit and selecting an independent accountant has not changed from the prior year.”

Financial Statement Notes

Part X, Line 2:

“Nevada business opportunity fund ("nbof") is included in the combined financial statements of valley economic development center, inc. ("vedc") and affiliate. Vedc is tax exempt under section 501(c)(3) of the internal revenue code and section 23701(d) of the revenue and taxation code of california. While tax-exempt organizations pay tax on unrelated business income, vedc has reported no such income. Accordingly, no provision for income taxes is included in the accompanying combined financial statements. Vedc has no unrecognized tax benefits at march 31, 2016. Vedc's federal and state income tax returns prior to the 2013 and 2012 fiscal years, respectively, are closed and management continually evaluates expiring states of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings. If applicable, vedc recognizes interest and penalties associated with tax matters as part of income tax expense and includes accrued interest and penalties with accrued expenses in the combined statement of financial position.”

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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/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3636
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4529
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0236897
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0114655
IRS990/PYOtherRevenueAmt036639
IRS990/PYProgramServiceRevenueAmt030507
IRS990/PYRevenuesLessExpensesAmt063244
IRS990/PYSalariesCompEmpBnftPaidAmt0126144
IRS990/PYTotalExpensesAmt0240799
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0304043
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-4674
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt053499
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0213624
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0254872
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0179047
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0236897
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0323863
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0338128
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0562556
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01640491
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt029
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt030
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0371102
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.97140
IRS990ScheduleA/PublicSupportPY170Pct00.99990
IRS990ScheduleA/PublicSupportTotal170Amt01593611
IRS990ScheduleA/SubstantialContributorsTotAmt046880
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0179047
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0236897
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0323863
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0338128
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0562556
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01640491
IRS990ScheduleA/TotalSupportAmt01640521
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt014719
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt014719
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0123426
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to VEDC
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0NEVADA BUSINESS OPPORTUNITY FUND ("NBOF") IS INCLUDED IN THE COMBINED FINANCIAL STATEMENTS OF VALLEY ECONOMIC DEVELOPMENT CENTER, INC. ("VEDC") AND AFFILIATE. VEDC IS TAX EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701(D) OF THE REVENUE AND TAXATION CODE OF CALIFORNIA. WHILE TAX-EXEMPT ORGANIZATIONS PAY TAX ON UNRELATED BUSINESS INCOME, VEDC HAS REPORTED NO SUCH INCOME. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE ACCOMPANYING COMBINED FINANCIAL STATEMENTS. VEDC HAS NO UNRECOGNIZED TAX BENEFITS AT MARCH 31, 2016. VEDC'S FEDERAL AND STATE INCOME TAX RETURNS PRIOR TO THE 2013 AND 2012 FISCAL YEARS, RESPECTIVELY, ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF APPLICABLE, VEDC RECOGNIZES INTEREST AND PENALTIES ASSOCIATED WITH TAX MATTERS AS PART OF INCOME TAX EXPENSE AND INCLUDES ACCRUED INTEREST AND PENALTIES WITH ACCRUED EXPENSES IN THE COMBINED STATEMENT OF FINANCIAL POSITION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt0123426
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt022500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt112500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0225000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1150000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt018187
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt121915
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Roberto Barragan
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Robert Dennen
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0265687
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1184415
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE APPROVAL PROCESS IS AS FOLLOWS: 1. ACCOUNTANT PREPARES DRAFT. 2. DRAFT IS REVIEWED BY CLIENT. 3. ACCOUNTANT INCORPORATES APPROPRIATE CLIENT-REQUESTED CHANGES AND PROVIDES ANOTHER DRAFT TO CLIENT. 4. ONCE CLIENT APPROVES, FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR APPROVAL. 5. UPON APPROVAL BY THE BOARD OF THE DIRECTORS, FORM 990 IS SUBMITTED, AS REQUIRED, TO THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES ITS PRIOR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC DURING THE TAX YEAR ON THE GUIDE STAR WEBSITE. GOVERNING DOCUMENTS AND CONFLICT OF INTEREST STATEMENT ARE MADE AVAILABLE TO INTERESTED PARTIES UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PROCESS OF OVERSEEING THE AUDIT AND SELECTING AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part XII, Line 2c:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0VALLEY ECONOMIC DEVELOPMENT CENTER
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0953139419
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0LOAN/DEVELOP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Line 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt05121 VAN NUYS BLVD 3RD FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0VAN NUYS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd091403
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd01
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd01
IRS990ScheduleR/TransferToOtherOrgInd01
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$413,557
Liabilities
$334,939
Net assets
$78,618
Revenue
$232,546
Expenses
$237,220
Net income
-$4,674
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.05$0.01$0.04$0.29$0.29$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.08$0.05$0.02$0.38$0.35$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.06$0.08$0.02$0.23$0.39$0.16
2021Detailed filing. Detailed filing data is available for this year.$0.17$0.02$0.15$0.34$0.24$0.10
2020Detailed filing. Detailed filing data is available for this year.$0.06$0.01$0.04$0.16$0.23$0.07
2018Detailed filing. Detailed filing data is available for this year.$0.01$0.02$0.01$0.32$0.27$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.14$0.19$0.05$0.25$0.39$0.14
2016Detailed filing. Detailed filing data is available for this year.$0.41$0.33$0.08$0.23$0.24$0.00
2015Summary only. Only limited summary data is available for this year.$0.60$0.51$0.08$0.30$0.24$0.06
2014Summary only. Only limited summary data is available for this year.$0.32$0.29$0.02$0.09$0.05$0.04
2013Summary only. Only limited summary data is available for this year.$0.37$0.38$0.01$0.34$0.23$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.35$0.47$0.12$0.48
2011Summary only. Only limited summary data is available for this year.$1.14$1.52$0.38$0.76$0.84$0.08
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.54$1.84$0.29$0.76