Civic Intelligence

Economic Development Foundation of Greater Reno-Tahoe

990EZ • Fiscal year 2019 • EIN 88-0509413

Jul 01, 2018 to Jun 30, 2019 • Filed on Aug 22, 2019

Organization ProfileNONE
5190 Neil Road No 110Reno, NV 89502

(775) 829-3700

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.00x

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

90th percentile

44%

Higher net margin than 90% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

89th percentile

83%

Faster asset growth than 89% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

95th percentile

162%

Faster revenue growth than 95% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$30,793

Up $13,959 (+83%) from 2018

Net Assets

Up

$30,793

Up $13,959 (+83%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin90th percentile

Revenue

Up

$31,571

Up $19,508 (+162%) from 2018

Expenses

Up

$17,612

Up $2,839 (+19%) from 2018

Net Income

Up

$13,959

Up $16,669 (+615%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth89th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2016: $61,127Liabilities 2016: $0Net Assets 2016: $61,1272016Assets 2017: $19,544Liabilities 2017: $0Net Assets 2017: $19,5442017Assets 2018: $16,834Liabilities 2018: $0Net Assets 2018: $16,8342018Assets 2019: $30,793Liabilities 2019: $0Net Assets 2019: $30,7932019Assets 2020: $20,253Liabilities 2020: $0Net Assets 2020: $20,2532020Assets 2021: $25,546Liabilities 2021: $0Net Assets 2021: $25,5462021Assets 2022: $16,143Liabilities 2022: $0Net Assets 2022: $16,1432022Assets 2023: $13,922Liabilities 2023: $0Net Assets 2023: $13,9222023Assets 2024: $7,422Liabilities 2024: $0Net Assets 2024: $7,4222024Assets 2025: $7,689,769Liabilities 2025: $7,500,000Net Assets 2025: $189,7692025

Highlighted filing

2019

Assets$30,793
Liabilities$0
Net Assets$30,793
Open 2019 Filing

Operations Trend

Revenue Growth95th percentile

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

$200K$100K$0-$100KRevenue 2016: $71,398Expenses 2016: $16,582Net Income 2016: $54,8162016Revenue 2017: $5,858Expenses 2017: $47,441Net Income 2017: -$41,5832017Revenue 2018: $12,063Expenses 2018: $14,773Net Income 2018: -$2,7102018Revenue 2019: $31,571Expenses 2019: $17,612Net Income 2019: $13,9592019Revenue 2020: $4,700Expenses 2020: $15,240Net Income 2020: -$10,5402020Revenue 2021: $12,750Expenses 2021: $7,457Net Income 2021: $5,2932021Revenue 2022: $2,149Expenses 2022: $11,552Net Income 2022: -$9,4032022Revenue 2023: $14,000Expenses 2023: $16,221Net Income 2023: -$2,2212023Revenue 2024: $2,000Expenses 2024: $8,500Net Income 2024: -$6,5002024Revenue 2025: $199,272Expenses 2025: $16,925Net Income 2025: $182,3472025

Highlighted filing

2019

Revenue$31,571
Expenses$17,612
Net Income$13,959
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Aug 22, 2019
Return Version
2018v3.1
Gross Receipts
$31,571
Mission and Program Overview

Mission

This tax exempt corporation is organized and operated exclusively for charitable, educational, scientific, literary, and eleemosynary objects and purposes within the meaning of 501(c)(3) of the code and to promote such other qualified charitable objects and purposes within the meaning of 501(c)(3) of the code, as determined by the board in its discretion and as set forth in the articles of incorporation. The specific and primary purposes for which the corporation is organized and for which it shall be exclusively administered and operated shall be to educate visitors, businesses and local citizens about economic advancement, growth and regional economic development opportunities. These objectives are accomplished through the fostering of improved quality of life standards and sustainability.

Program Services

DescriptionGrantsExpenses
EDAWN FOUNDATION SERVED THE COMMUNITY AND THE WCSD WITH A TAXI CAB CAMPAIGN/CONTEST TO WITH TAXI TOP ADVERTISING TO PROMOTE THE REGION AS A SERIOUS BUSINESS DESTINATION. IT ALSO WORKED WITH THE NEVADA BUILDERS FUND TO SUPPORT WITH PROCESSING ACCOUNTS PAYABLE REQUESTS/ASSISTANCE WITH THE "BUILD MY FUTURE!" PROGRAM. EDAWN FOUNDATION ALSO PROVIDED ASSISTANCE IN PROCESSING PAYMENTS FOR COMMUNITY ENTREPRENEURIAL EVENTS AND PROGRAMS.$0$17,222
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
MICHAEL J KAZMIERSKIPresident/CEO-$0--
RAENELL MCELROYSecretary/ Treasurer-$0--
TOM FITZGERALDDirector-$0--
Filing and Contact Details

Filer

Filer Name
Economic Development Foundation
EIN
88-0509413
Phone
7758293700
Address
5190 NEIL ROAD NO 110, RENO, NV 89502

Signing Officer

Name
Mike Kazmierski
Title
President/CEO
Phone
7758293700
Signed
2019-08-22
Discuss with paid preparer
Yes

Preparer

Firm
The CFO Group Inc
Address
50 WASHINGTON STREET SUITE 101, RENO, NV 89503
Preparer
Tanya Mccaffery
Phone
7753597600
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: bank service charges. Amount: 240. Description: program expenses. Amount: 17,222. Description: travel. Amount: 150. Total to form 990-ez, line 16: 17,612.”

Form 990-ez, Part II, Line 24 - Other Assets

“Description: investment. Beg. Of year amount: 0. End of year amount: 15,000.”

Raw XML Appendix141 raw XML fields

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

Path#Value
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1SECRETARY/ TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OperateHospitalInd00
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IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0THIS TAX EXEMPT CORPORATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, SCIENTIFIC, LITERARY, AND ELEEMOSYNARY OBJECTS AND PURPOSES WITHIN THE MEANING OF 501(C)(3) OF THE CODE AND TO PROMOTE SUCH OTHER QUALIFIED CHARITABLE OBJECTS AND PURPOSES WITHIN THE MEANING OF 501(C)(3) OF THE CODE, AS DETERMINED BY THE BOARD IN ITS DISCRETION AND AS SET FORTH IN THE ARTICLES OF INCORPORATION. THE SPECIFIC AND PRIMARY PURPOSES FOR WHICH THE CORPORATION IS ORGANIZED AND FOR WHICH IT SHALL BE EXCLUSIVELY ADMINISTERED AND OPERATED SHALL BE TO EDUCATE VISITORS, BUSINESSES AND LOCAL CITIZENS ABOUT ECONOMIC ADVANCEMENT, GROWTH AND REGIONAL ECONOMIC DEVELOPMENT OPPORTUNITIES. THESE OBJECTIVES ARE ACCOMPLISHED THROUGH THE FOSTERING OF IMPROVED QUALITY OF LIFE STANDARDS AND SUSTAINABILITY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0EDAWN FOUNDATION SERVED THE COMMUNITY AND THE WCSD WITH A TAXI CAB CAMPAIGN/CONTEST TO WITH TAXI TOP ADVERTISING TO PROMOTE THE REGION AS A SERIOUS BUSINESS DESTINATION. IT ALSO WORKED WITH THE NEVADA BUILDERS FUND TO SUPPORT WITH PROCESSING ACCOUNTS PAYABLE REQUESTS/ASSISTANCE WITH THE "BUILD MY FUTURE!" PROGRAM. EDAWN FOUNDATION ALSO PROVIDED ASSISTANCE IN PROCESSING PAYMENTS FOR COMMUNITY ENTREPRENEURIAL EVENTS AND PROGRAMS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
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IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: BANK SERVICE CHARGES. AMOUNT: 240. DESCRIPTION: PROGRAM EXPENSES. AMOUNT: 17,222. DESCRIPTION: TRAVEL. AMOUNT: 150. TOTAL TO FORM 990-EZ, LINE 16: 17,612.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: INVESTMENT. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 15,000.
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TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
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ReturnHeader/Filer/PhoneNum07758293700
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ReturnHeader/FilingSecurityInformation/IPTm016:26:08
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0300085215
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt050 WASHINGTON STREET SUITE 101
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RENO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NV
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd089503
ReturnHeader/PreparerPersonGrp/PhoneNum07753597600
ReturnHeader/PreparerPersonGrp/PreparationDt02019-08-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TANYA MCCAFFERY
ReturnHeader/ReturnTs02019-08-22T18:26:16-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$30,793
Liabilities
$0
Net assets
$30,793
Revenue
$31,571
Expenses
$17,612
Net income
$13,959
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$7.69$7.50$0.19$0.20$0.02$0.18
2024Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.00$0.01$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.01$0.02$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.00$0.01$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.01$0.01$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.00$0.02$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.03$0.02$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.01$0.01$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.01$0.05$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.06$0.00$0.06$0.07$0.02$0.05