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Nevada State University Foundation FY2021 filing

Tax-deductible

Henderson, NV501(c)(3)EducationEIN 88-0464591Revenue $978K in FY2021

On file with the IRSnsc.nevada.edu/foundation1125 Nevada State Dr, 89002-9455 · Henderson, NVTax-exempt since Sep 2000Publicly supported charity — 170(b)(1)(A)(vi)

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The mission of the Nevada State college Foundation board of trustees is to serve as ambassadors for Nevada State college, to serve as fiduciary stewards of funds received by the Foundation, and to raise funds in support of the educational, technology, operational, facility and research needs of the students, faculty and staff of the college.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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
2 of 5
filings with a surplus
Average surplus $818K a year · 37% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
30 mo
of spending, in cash
Looks good: 30.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$14K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$978K
Spent
$1.1M
To programs
84%
Net assets
$7.5M
By yearFY2021–FY2025
Revenue
$978K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$978K
FY2022$1.3M
FY2023$6.1M
FY2024$1.2M
FY2025$1.7M
Expenses
$1.1M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$1.1M
FY2022$1.6M
FY2023$1.4M
FY2024$2.2M
FY2025$931K
Net assets
$7.5M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$7.5M
FY2022$7.0M
FY2023$11.8M
FY2024$10.9M
FY2025$11.7M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 Sep 2000.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $895K Management & general 9% · $99K Fundraising 7% · $77K

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

17 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Marilyn Jentzen
Past Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Sonnya Debonis
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Nevada State University Foundation 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 15aYes

Programs and updates

Raises funds and stewards resources to support college needs.

Questions for Nevada State University Foundation

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Provided by the organization

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2 programs · $895K · in their own filed words · FY2020
01

Support for the nevada state college students and staff.

$692Kprogram expense
02

Raised funds for scholarships for needy and deserving students. Approximately 50% of NSC student body are the first-generation in their families to ever attend an institution of higher learning; approximately 48% are from culturally diverse populations.

$203Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Andress Family FoundationFY2025$20K
Total grants receivedfrom 1 funder$20K
Grants paid · 5 grants · $5.8M · 2020–2024
Board of Regents Nevada System of Higher EducationNV · FY2024$794,931
Board of Regents Nevada System of Higher EducationNV · FY2023$1,365,690
Board of Regents Nevada System of Higher EducationNV · FY2022$1,285,994
Board of Regents Nevada System of Higher EducationNV · FY2021$1,498,254
Board of Regents Nevada System of Higher EducationNV · FY2020$894,937

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$978K
Ln 12
Gifts and grantsLn 1h$939K
Investment incomeLn 3$39K
Money outPt IX
$1.1M
Ln 25
Programscol B$895K
Managementcol C$99K
Fundraisingcol D$77K
Owns and owesPt X
$7.5M
net assets · Ln 32
Cash and savingsLn 1–2$2.7M
Total assetsLn 16$7.5M
LiabilitiesLn 26$14K
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$939K
Noncash giftsLn 1g$14K
Investment incomeLn 3$39K
Total revenueLn 12$978K
Assets in detailPt X, end of year
CashLn 1$2.7M
Cash and savings togetherLn 1–2$2.7M
InvestmentsLn 11–13$2.7M
Total assetsLn 16$7.5M
LiabilitiesLn 26$14K
Net assetsLn 32$7.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 617
Fiscal year endsHeaderJune
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 FY21End FY21
Cash and savingsLn 1–2$852K$2.7M
InvestmentsLn 11–13$2.3M$2.7M
Total assetsLn 16$7.3M$7.5M
LiabilitiesLn 26$14K$14K
Net assetsLn 32$7.3M$7.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$895K$895K
Other salaries and wagesLn 7$125K$51K$74K
Accounting feesLn 11c$29K$29K
Other fees for servicesLn 11g$12K$12K
Office expensesLn 13$2K$2K
InsuranceLn 23$925$925
Other expenses (24a–d)Ln 24$7K$4K$3K
Total functional expensesLn 25$1.1M$895K$99K$77K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.7M$931K$740K$11.7M 990 PDF
FY2024 $1.2M$2.2M−$998K$10.9M 990 PDF
FY2023 $6.1M$1.4M$4.7M$11.8M 990 PDF
FY2022 $1.3M$1.6M−$274K$7.0M 990 PDF
FY2021 Viewing $978K$1.1M−$92K$7.5M 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 FY2021 990 (6 parts)
Part I · Summary $978,397 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,647,078$939,185
I-9 Program service revenue$0
I-10 Investment incomePrior year $23,720$39,212
I-11 Other revenue$0
I-12 Total revenuePrior year $1,670,798$978,397
I-13 Grants and similar amounts paidPrior year $7,099,860$894,937
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $165,668$125,274
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $49,639$50,550
I-18 Total expensesPrior year $7,315,167$1,070,761
I-19 Revenue less expensesPrior year −$5,644,369−$92,364
Part VI · Governance 17 of 17 board members independent, no flags
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $978,397 across 5 lines filed
VIII-1f All other contributions, gifts and grants$939,185
VIII-1g Noncash contributions (included above)$14,323
VIII-1h Total contributions, gifts and grants$939,185
VIII-3 Investment incomeExcluded from tax $39,212$39,212
VIII-12 Total revenueExcluded from tax $39,212$978,397
Part IX · Statement of functional expenses $1,070,761 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $894,937$894,937
IX-7 Other salaries and wagesManagement $51,363 · Fundraising $73,911$125,274
IX-11c Accounting feesManagement $29,300$29,300
IX-11g Other fees for servicesManagement $11,849$11,849
IX-13 Office expensesManagement $1,961$1,961
IX-23 InsuranceManagement $925$925
IX-24 Other expenses (24a–d)Management $3,515 · Fundraising $3,000$6,515
IX-25 Total functional expensesPrograms $894,937 · Management $98,913 · Fundraising $76,911$1,070,761
Part X · Balance sheet $7,546,068 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $852,241$2,723,300
X-3 Pledges and grants receivableStart of year $4,158,240$2,167,028
X-9 Prepaid expenses and deferred chargesStart of year $3,500$3,560
X-11 Publicly traded securitiesStart of year $2,300,502$2,652,180
X-16 Total assetsStart of year $7,314,543$7,546,068
X-19 Deferred revenueStart of year $13,500$13,500
X-26 Total liabilitiesStart of year $13,500$13,500
X-27 Net assets without donor restrictionsStart of year $109,328$559,152
X-28 Net assets with donor restrictionsStart of year $7,191,715$6,973,416
X-32 Total net assets or fund balancesStart of year $7,301,043$7,532,568
X-33 Total liabilities and net assetsStart of year $7,314,543$7,546,068
Part XI · Reconciliation of net assets $7,532,568 net assets at year end
XI-1 Total revenue$978,397
XI-2 Total expenses$1,070,761
XI-3 Revenue less expenses−$92,364
XI-4 Net assets at start of year$7,301,043
XI-5 Net unrealized gains (losses) on investments$323,889
XI-10 Net assets at end of year$7,532,568

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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