Northern NV Development Authority FY2024 filing

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Encourage the expansion and relocation of businesses to the Northern nevada area in order to enhance economic activity.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
$154K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $112K a year · 12% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$154K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
8 mo
of spending, in cash
Looks good: 7.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$46K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
+48% vs prior year
Spent
$950K
Net assets
$599K
By yearFY2021–FY2025
Revenue
$1.1M
FY2024▲ +48%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.1M
FY2022$854K
FY2023$713K
FY2024$1.1M
FY2025$846K
Expenses
$950K
FY2024▲ +43%
Tap a bar for its year
Expenses by fiscal year
FY2021$942K
FY2022$811K
FY2023$663K
FY2024$950K
FY2025$683K
Net assets
$599K
FY2024▲ +22%
Tap a bar for its year
Net assets by fiscal year
FY2021$400K
FY2022$443K
FY2023$493K
FY2024$599K
FY2025$762K

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1983.

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

Who runs it and what they're paid

8 people listed on the 990; $154K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President and CEO
$154,000Pt VII · Sec A
Member-At-Large of the Exe
$0Pt VII · Sec A
Member-At-Large of the Exe
$0Pt VII · Sec A
Past Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Past Chair
$0Pt VII · Sec A
Member-At-Large of the Exe
$0Pt VII · Sec A
Treasurer and Secretary
$0Pt VII · Sec A

Jeff Sutich’s $182K as President and CEO is at the 95th percentile of top reported officer pay among 1709 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Jeff Sutich$182,000$154,000$140,000$47,159—
Rob Hooper————$175,267
Philip Cowee———$84,197—
Robert Hopper———$64,456—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Northern NV Development Authority 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Attracts businesses to Northern Nevada to boost economic growth.

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Provided by the organization

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3 programs · in their own filed words · FY2023
01

Maintained relationships with existing businesses in the community to aid their continued success and encourage expansion

Pt IX · col B
02

Hosted visits from companies wanting to investigate the area for expansion

Pt IX · col B
03

Responding to inquiries and recruited businesses considering relocating

Pt IX · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Gifts and grantsLn 1h$1.0M
Other incomeLn 4–11$36K
Investment incomeLn 3$6K
Money outPt IX
$950K
Ln 25
Owns and owesPt X
$599K
net assets · Ln 32
Cash and savingsLn 1–2$624K
Total assetsLn 16$645K
LiabilitiesLn 26$46K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.0M
Government grantsLn 1e$846K
Noncash giftsLn 1g$8K
Investment incomeLn 3$6K
Other incomeLn 4–11$36K
Gains on assetsLn 7−$3K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$624K
Cash and savings togetherLn 1–2$624K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$645K
LiabilitiesLn 26$46K
Net assetsLn 32$599K
OperationsPt I, VI
EmployeesI 58
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$499K$624K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$560K$645K
LiabilitiesLn 26$67K$46K
Net assetsLn 32$493K$599K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2K
Pay of current officers, directors and key staffLn 5$154K
Other salaries and wagesLn 7$231K
Pension plan contributionsLn 8$7K
Other employee benefitsLn 9$19K
Payroll taxesLn 10$33K
Accounting feesLn 11c$11K
Lobbying feesLn 11d$12K
Other fees for servicesLn 11g$377K
Advertising and promotionLn 12$2K
Office expensesLn 13$17K
OccupancyLn 16$49K
TravelLn 17$6K
InterestLn 20$863
InsuranceLn 23$3K
Other expenses (24a–d)Ln 24$24K
Total functional expensesLn 25$950K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $846K$683K$163K$762K 990 PDF
FY2024 Viewing $1.1M$950K$106K$599K 990 PDF
FY2023 $713K$663K$50K$493K 990 PDF
FY2022 $854K$811K$42K$443K 990 PDF
FY2021 $1.1M$942K$197K$400K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $1,056,274 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $675,893$1,013,793
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $32$6,066
I-11 Other revenuePrior year $37,024$36,415
I-12 Total revenuePrior year $712,949$1,056,274
I-13 Grants and similar amounts paidPrior year $3,150$2,500
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $406,876$444,454
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $252,948$503,208
I-18 Total expensesPrior year $662,974$950,162
I-19 Revenue less expensesPrior year $49,975$106,112
Part VI · Governance 7 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $1,056,274 across 10 lines filed
VIII-1b Membership dues$159,750
VIII-1e Government grants$845,587
VIII-1f All other contributions, gifts and grants$8,456
VIII-1g Noncash contributions (included above)$8,190
VIII-1h Total contributions, gifts and grants$1,013,793
VIII-3 Investment incomeExcluded from tax $8,577$8,577
VIII-6 Net rental income or lossRelated to mission $1,800$1,800
VIII-7 Net gain or loss on sales of assetsRelated to mission −$2,511−$2,511
VIII-8 Net income from fundraising eventsExcluded from tax $34,615$34,615
VIII-12 Total revenueRelated to mission −$711 · Unrelated business $0 · Excluded from tax $43,192$1,056,274
Part IX · Statement of functional expenses $950,162 across 16 lines filed
IX-1 Grants to domestic organizations$2,500
IX-5 Pay of current officers, directors and key staff$154,000
IX-7 Other salaries and wages$230,952
IX-8 Pension plan contributions$7,240
IX-9 Other employee benefits$19,088
IX-10 Payroll taxes$33,174
IX-11c Accounting fees$11,000
IX-11d Lobbying fees$12,000
IX-11g Other fees for services$377,426
IX-12 Advertising and promotion$1,995
IX-13 Office expenses$17,220
IX-16 Occupancy$49,442
IX-17 Travel$6,185
IX-20 Interest$863
IX-23 Insurance$3,413
IX-24 Other expenses (24a–d)$23,664
IX-25 Total functional expenses$950,162
Part X · Balance sheet $644,736 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $499,357$623,638
X-3 Pledges and grants receivable$14,710
X-9 Prepaid expenses and deferred chargesStart of year $7,183$6,388
X-10c Land, buildings and equipment, netStart of year $0$0
X-15 Other assetsStart of year $53,376$0
X-16 Total assetsStart of year $559,916$644,736
X-17 Accounts payable and accrued expensesStart of year $3,634$16,333
X-19 Deferred revenueStart of year $3,500$15,000
X-25 Other liabilitiesStart of year $59,874$14,383
X-26 Total liabilitiesStart of year $67,008$45,716
X-27 Net assets without donor restrictionsStart of year $492,908$599,020
X-32 Total net assets or fund balancesStart of year $492,908$599,020
X-33 Total liabilities and net assetsStart of year $559,916$644,736
Part XI · Reconciliation of net assets $599,020 net assets at year end
XI-1 Total revenue$1,056,274
XI-2 Total expenses$950,162
XI-3 Revenue less expenses$106,112
XI-4 Net assets at start of year$492,908
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$599,020

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

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