Reno Aces Foundation INC

Reno, NVUnknown exempt organizationEIN 35-2849267

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The Reno Aces Foundation is dedicated to improving the community and people's lives throughout northern nevada by working hand-in-hand with organizations that share that same vision. The Reno Aces Foundation is committed to providing services and opportunities to enhance the quality of life for children, promoting wellness and supporting underserved communities. Together we can work to build a better community and make a lasting impact both on and off the field.

7¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Spent on programs
7%
of spending
Concern: 7% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
438 mo
of spending, in cash
Looks good: 438.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$10K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$292K
Spent
$8K
To programs
7%
Net assets
$284K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

7 cents of each dollar spent went to programs.

Program services 7% · $517 Management & general 93% · $7K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Treasurer/Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Reno Aces Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Improves lives and communities in Northern Nevada through partnerships and opportunities.

Provided by the organization

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1 program · $517 · in their own filed words · FY2024
01

Formed in 2024, the foundation embarked on a strategic plan to create a comprehensive approach to community engagement and support. The foundation will focus on: education by supporting education programs and initiatives that enhance learning opportunities as well as providing resources and experiences that contribute to holistic…

$517program expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$292K
Ln 12
Gifts and grantsLn 1h$259K
Other incomeLn 4–11$32K
Money outPt IX
$8K
Ln 25
Programscol B$517
Managementcol C$7K
Owns and owesPt X
$284K
net assets · Ln 32
Cash and savingsLn 1–2$281K
Total assetsLn 16$294K
LiabilitiesLn 26$10K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$259K
Other incomeLn 4–11$32K
Total revenueLn 12$292K
Assets in detailPt X, end of year
CashLn 1$281K
Cash and savings togetherLn 1–2$281K
Other assetsLn 15$12K
Total assetsLn 16$294K
LiabilitiesLn 26$10K
Net assetsLn 32$284K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$0$281K
Total assetsLn 16$0$294K
LiabilitiesLn 26$0$10K
Net assetsLn 32$0$284K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$480$480
Legal feesLn 11b$7K$7K
Office expensesLn 13$11$11
All other expensesLn 24e$26$26
Total functional expensesLn 25$8K$517$7K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $292K$8K$284K$284K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $291,747 across 4 lines filed
Lines not itemized here account for $21,384 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$259,390
VIII-1h Total contributions, gifts and grants$259,390
VIII-8 Net income from fundraising eventsExcluded from tax $10,973$10,973
VIII-12 Total revenueRelated to mission $0 · Unrelated business $21,384 · Excluded from tax $10,973$291,747
Part IX · Statement of functional expenses $7,710 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $480$480
IX-11b Legal feesManagement $7,193$7,193
IX-13 Office expensesPrograms $11$11
IX-24e All other expensesPrograms $26$26
IX-25 Total functional expensesPrograms $517 · Management $7,193 · Fundraising $0$7,710
Part X · Balance sheet $293,682 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $0$281,404
X-4 Accounts receivableStart of year $0$250
X-15 Other assetsStart of year $0$12,028
X-16 Total assetsStart of year $0$293,682
X-17 Accounts payable and accrued expensesStart of year $0$9,645
X-26 Total liabilitiesStart of year $0$9,645
X-27 Net assets without donor restrictionsStart of year $0$284,037
X-32 Total net assets or fund balancesStart of year $0$284,037
X-33 Total liabilities and net assetsStart of year $0$293,682
Part XI · Reconciliation of net assets $284,037 net assets at year end
XI-1 Total revenue$291,747
XI-2 Total expenses$7,710
XI-3 Revenue less expenses$284,037
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$284,037

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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