Civic Intelligence

Economic Development Foundation of Greater Reno-Tahoe

990 • Fiscal year 2025 • EIN 88-0509413

Jul 01, 2024 to Jun 30, 2025 • Filed on Nov 10, 2025

Organization ProfileN/A
50 W Liberty Street Suite 108Reno, NV 89501

(775) 829-3700

Siviq Scores

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

Liabilities / Assets

95th percentile

0.98x

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

2025 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

99th percentile

37.64x

Higher debt load relative to revenue than 99% of similar nonprofits.

2025 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2025

Net Margin

99th percentile

92%

Higher net margin than 99% of similar nonprofits.

2025 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

95th percentile

$362,898

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 182.1% of source-year revenue.

2025 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2025

Asset Growth

100th percentile

103508%

Faster asset growth than 100% of similar nonprofits.

2025 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

100th percentile

9864%

Faster revenue growth than 100% of similar nonprofits.

2025 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$7,689,769

Up $7,682,347 (+103508%) from 2024

Net Assets

Up

$189,769

Up $182,347 (+2457%) from 2024

Liabilities

Up

$7,500,000

Up $7,500,000 from 2024

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin99th percentile

Revenue

Up

$199,272

Up $197,272 (+9864%) from 2024

Expenses

Up

$16,925

Up $8,425 (+99%) from 2024

Net Income

Up

$182,347

Up $188,847 (+2905%) from 2024

Historical Trend

Balance Sheet Trend

Asset Growth100th 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

2025

Assets$7,689,769
Liabilities$7,500,000
Net Assets$189,769
Open 2025 Filing

Operations Trend

Revenue Growth100th 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

2025

Revenue$199,272
Expenses$16,925
Net Income$182,347
Open 2025 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 10, 2025
Return Version
2024v5.2
Gross Receipts
$199,272
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.

To educate visitors, businesses and local citizens about economic advancement, growth and regional economic development opportunities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$7,643,272-
Cash and Non-Interest-Bearing Accounts$7,422$46,497▲ $39,075
Total Assets$7,422$7,689,769▲ $7,682,347
Liabilities
Other Liabilities$0$7,500,000▲ $7,500,000
Total Liabilities$0$7,500,000▲ $7,500,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$189,769-
Net Assets With Donor Restrictions$7,422$0▼ $7,422
Total Net Assets Fund Balance$7,422$189,769▲ $182,347
Total Liabilities and Net Assets / Fund Balance$7,422$7,689,769▲ $7,682,347
Compensation and Service Providers
Top Officer Pay95th percentile

Board Members and Trustees

NameTitle
Taylor AdamsPresident/CEO
Richard JayDirector
Rae McelroySecretary
Nancy FennellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$26,000
Program Service Revenue
$30,000
Investment Income
$143,272
Other Revenue
$0
All Other Contributions
$26,000
Change in Net Assets
$182,347
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$16,925
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
Conferences and Meetings-$5,500-$5,500
Fees for Services Legal$5,275--$5,275
Other Expenses$5,000--$5,000
Fees for Services Accounting-$1,150-$1,150
Total Functional Expenses$10,275$6,650$0$16,925
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 Affiliate - Tech Hub Grant$7,500,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The president will review the form 990 prior to the return being filed.”

Form 990, Part VI, Section C, Line 19

“The foundation makes its governing documents and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Economic Development Foundation
EIN
88-0509413
Phone
7758293700
Address
50 W LIBERTY STREET SUITE 108, RENO, NV 89501

Signing Officer

Name
Taylor Adams
Title
President/CEO
Phone
7758293700
Signed
2025-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Taylor Adams
Formed
2001
Legal Domicile
Nv
Voting Board Members
4
Independent Board Members
2
Employees
0
Volunteers
0

Preparer

Firm
Rafferty Oetjen Cpas Inc
Address
645 SIERRA ROSE DRIVE SUITE 101, RENO, NV 89511
Preparer
Thomas E Rafferty CPA
Phone
7758271931
Raw XML Appendix379 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.

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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/ReturnTs02025-11-12T16:59:03-06:00
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ReturnHeader/TaxYr02024

Document Assets

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Filings

Displayed year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,689,769
Liabilities
$7,500,000
Net assets
$189,769
Revenue
$199,272
Expenses
$16,925
Net income
$182,347
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