Nonprofit · EIN 20-0409835
BISHOP GORMAN DEVELOPMENT CORPORATION
Tax-exempt · LAS VEGAS, NV 89109
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,721,244 | $2,208,248 | $2,512,996 | $57,887,328 | $34,338,179 | $23,549,149 |
| December 31, 2023 | 990 | $7,893,541 | $1,670,378 | $6,223,163 | $53,406,205 | $32,370,052 | $21,036,153 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,688,454
- Program service revenue
- $1,699,919
- Investment income
- $332,871
- Net gain from sales of assets
- $125,485
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $33,966
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $26,160
- Depreciation
- $723,525
- Program services (functional)
- $1,500,201
- Management and general (functional)
- $708,047
Balance sheet and other
- Total assets, start of year
- $53,406,205
- Total assets, end of year
- $57,887,328
- Total liabilities, end of year
- $34,338,179
- Net assets, end of year
- $23,549,149
- Land, buildings and equipment
- $42,091,580
- Net assets without donor restrictions
- $19,051,739
- Net assets with donor restrictions
- $4,497,410
- Gross receipts
- $4,721,244
- Employees
- 0
- Volunteers
- 4
- Year formed
- 2003
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARCUS VALERIO | TREASURER Trustee or director, Officer | 1 | $0 | $227,897 | $22,188 |
| ARCHBISHOP GEORGE LEO THOMAS | PRESIDENT Trustee or director, Officer | 1 | $0 | $111,330 | $7,924 |
| MICHAEL GAUGHAN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LORENZO FERTITTA | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARCUS VALERIO | TREASURER Trustee or director, Officer | 1 | $0 | $112,500 | $19,250 |
| ARCHBISHOP GEORGE LEO THOMAS | PRESIDENT Trustee or director, Officer | 1 | $0 | $95,728 | $7,328 |
| LORENZO FERTITTA | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL GAUGHAN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 336 CATHEDRAL WAY, LAS VEGAS, NV 89109-0716
- In care of
- % CHANCERY OFFICE
- Principal officer (990 for 2024)
- MARCUS VALERIO, 336 CATHEDRAL WAY, LAS VEGAS, NV 89109
- Signed the 990
- MARCUS VALERIO, TREASURER
- Phone
- (702) 735-3500
- Return prepared by
- HOULDSWORTH RUSSO & COMPANY PC
Mission
RAISE FUNDS FOR, BUILD, AND LEASE A CAMPUS TO AFFILIATED ROMAN CATHOLIC ARCHDIOCESE FOR OPERATION AS A HIGH SCHOOL.
Program accomplishments
- BGDC IS A NOT-FOR-PROFIT ORGANIZATION CREATED TO CONSTRUCT THE BISHOP GORMAN HIGH SCHOOL CAMPUS (THE SCHOOL) IN LAS VEGAS, NEVADA AND LEASE THE FACILITY TO THE ROMAN CATHOLIC ARCHBISHOP OF LAS VEGAS TO OPERATE THE SCHOOL.Expenses $1,500,201 · grants $33,966 · revenue $1,699,919
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-0409835
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2004
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W11)
- Assets (IRS master file)
- $57,887,328
- Income (IRS master file)
- $4,721,244
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,721,244 | $2,208,248 | $57,887,328 | XML |
| 990 | December 2023 | $7,893,541 | $1,670,378 | $53,406,205 | XML |
| 990 | December 2022 | $13,119,971 | $1,290,895 | $46,905,032 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-0409835).
Questions about BISHOP GORMAN DEVELOPMENT CORPORATION
- What is the EIN of BISHOP GORMAN DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of BISHOP GORMAN DEVELOPMENT CORPORATION is 20-0409835.
- Is BISHOP GORMAN DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to BISHOP GORMAN DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BISHOP GORMAN DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BISHOP GORMAN DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BISHOP GORMAN DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of BISHOP GORMAN DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names MARCUS VALERIO.
- Who are the officers and directors of BISHOP GORMAN DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does BISHOP GORMAN DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,721,244, expenses of $2,208,248 and total assets of $57,887,328 at year end.
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