2024-08-07T17:56:53-05:00 2023-09-30 450250958 Eide Bailly LLP 877 W Main St Ste 800 Boise ID 837025858 990 2022-10-01 300402070 Nevada State Development Corporation NEVA 7024736203 1551 Desert Crossing Court 100 Las Vegas NV 89144 Evan Dickson President 7024736203 2024-07-19 1 1 Kimberly C Nelson CPA P01887713 2083447150 2024-07-19 2022 2024-08-08 14:25:15Z Evan Dickson 1551 Desert Crossing Court 100 Las Vegas NV 89144 2523075 0 X www.nsdc.com X 2006 NV Providing lending solutions and advocacy services to small businesses. 12 11 15 11 0 0 0 0 2343696 2491336 3389 31625 600 0 2347685 2522961 21500 26650 0 0 1531586 1581550 0 0 0 448122 470287 2001208 2078487 346477 444474 2653896 2982609 303313 187552 2350583 2795057 To provide financing and management services to small businesses in Nevada to foster economic development, create jobs, and stimulate small business growth. 0 0 1744508 26650 2491336 The Organization helps small business owners in Nevada, California, and Arizona obtain financing for expansion through the United States Small Business Administration 504 Loan Program.In FY 2023 NSDC approved 37 loans for $41,150,000 which is estimated to create in excess of 457 jobs over the next 2 years. 1744508 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 9 0 1 15 1 0 0 0 0 0 0 0 0 X 12 11 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 1 1 1 0 CA X Evan Dickson 7024736203 1551 Desert Crossing Court Ste 100 Las Vegas NV 89144 Evan Dickson President 40.00 X X 201858 0 23605 Robert Francl Board Chairman 1.00 X X 0 0 0 Kevin Sullivan Director 1.00 X 0 0 0 Ken Tedford Director 1.00 X 0 0 0 Bruce Ford Director 1.00 X 0 0 0 Rod Jorgensen Director 1.00 X 0 0 0 Anna Cavalieri Director 1.00 X 0 0 0 Mary Kerner Director 1.00 X 0 0 0 Lisa Chao Director 1.00 X 0 0 0 Vivian Lara Director 1.00 X 0 0 0 Leah Martin Director 1.00 X 0 0 0 Matthew Wong Director 1.00 X 0 0 0 Paola Gonzalez EVP/COO 40.00 X 165485 0 17019 Karen Szachara Corporate Secretary 40.00 X 118489 0 7109 Christie Wright Vice President of Finance 40.00 X 77901 0 16360 563733 0 64093 3 0 1 0 0 Loan Servicing Fees 531390 1743921 1743921 Loan Processing Fees 531390 747415 747415 2491336 31739 31739 114 -114 -114 -114 2522961 2491336 0 31625 26650 26650 658287 446926 211361 738745 685689 53056 29516 26603 2913 51776 48387 3389 103226 86423 16803 51620 46417 5203 10568 9924 644 38055 37200 855 39855 35784 4071 63493 54946 8547 44791 38425 6366 13596 12868 728 18750 18750 60276 52162 8114 17859 15455 2404 Association Dues 48573 44357 4216 Dues and Subscriptions 25285 22229 3056 Loan Processing Expense 20811 20811 Repairs and Maintenance 13440 11631 1809 3315 2871 444 2078487 1744508 333979 0 435565 358850 823771 1138246 102888 210205 20733 24453 2282360 1098550 1215385 1183810 55554 67045 2653896 2982609 57331 42358 245982 145194 303313 187552 X 2350583 2795057 2350583 2795057 2653896 2982609 444474 0 X 0 1 X 1 0 345643 345643 1714176 899296 814880 222541 199254 23287 1183810 Deferred Loan Processing Fees 8520 Borrower and Lender Deposits 136674 145194 X 2522961 0 2522961 0 2522961 2078487 0 2078487 0 2078487 Part X, Line 2: The Organization has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. Any future accrued interest and penalties related to unrecognized tax benefits and liabilities will be recognized in income tax expense if such interest and penalties are incurred. 1 University of Nevada Reno Foundation Mail Stop 0032 University of Nevada Reno NV 89557 942781749 501(c)3 16000 0 Ecnomic Development 1 0 Part I, Line 2: The Organization's Certified Development Company Program is intended to assist Nevada communities, both urban and rural, to foster economic development and to stimulate the growth, expansion and modernization of small businesses through the financial and management services offered by the corporation. It monitors the use of the grants given and requests each grantee respond with how the grant impacted the economic development of the grantee. X X 0 0 0 1 0 0 0 0 0 Evan Dickson President 132194 0 69664 0 0 0 10249 0 13355 0 225462 0 0 0 Paola Gonzalez EVP/COO 113146 0 52339 0 0 0 10136 0 6883 0 182504 0 0 0 Part I, Line 5 Incentive compensation is company-based and available to all employees of Nevada State Development Corporation. Incentive payments are made when processing revenue goals are met and calculated based on percentage of salaries. Form 990, Part VI, Section A, line 8b There are no committees with broad authority to act on behalf of the governing body. Form 990, Part VI, Section B, line 11b The President and Vice President of Finance reviews and approves the Form 990 before it is filed. Form 990, Part VI, Section B, line 12c Each year board members sign a statement to comply with NSDC's conflict of interest policy. If a conflict of interest arises, board members abstain from voting during board sessions. Evan Dickson, the President of NSDC, continually monitors the conflict of interest policy. Form 990, Part VI, Section B, line 15 All compensation is reviewed prior to the beginning of each fiscal year using comparative salary data provided by the National Association of Development Companies and recommended by the Audit Committee for approval by the full Board of Directors. The Board of Directors reviews the compensation plan and the recommendations of the Audit Committee and approves the compensation plan before it is implemented. Form 990, Part VI, Section C, line 19 The Organization provides its governing documents, conflict of interest policy, and financial statements to the public upon request. Individuals interested in obtaining the documents listed can request by telephone or in writing.