Overview
What is Las Vegas Business Academy?
The Las Vegas Business Academy (LVBA) is a nonprofit organization situated in Las Vegas, Nevada. It stands out by offering full scholarships, including tuition, fees, and books, to select University of Nevada, Las Vegas (UNLV) graduate students. The scholars commit to a five-year plan that combines two years of graduate studies, mentorships, and leadership classes, followed by a minimum of three years working in Las Vegas or Nevada. This commitment aims to give back to the city and community. The LVBA's motto, Finis Orgine Pendet, translates to "The end depends on the beginning," reflecting its belief that a student's academic success is dependent on the learning process. The LVBA also provides financial aid and mentoring resources to its scholars during their education.
Official website here: www.lvbanv.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Zero-Star out of Four Star rating
The Las Vegas Business Academy has received a zero-star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The overall score for the organization is 29%, which highlights deficiencies in essential areas such as financial transparency and governance policies. Despite having 100% independent board members, the absence of key financial statements and missing policies like conflict of interest and whistleblower protections raise red flags.
The organization does have some strengths, including a documented record of board meeting minutes and a clean record regarding material diversion of assets. However, the financial metrics present a troubling picture, with a low program expense ratio of 33.99% and a liabilities to assets ratio of 9.77%. These figures suggest that a substantial portion of resources may not be effectively utilized for program-related expenses.
Overall, while the Las Vegas Business Academy shows commitment through its independent governance, the lack of critical financial documentation and policies significantly undermines its credibility and operational effectiveness. Potential donors and supporters should be cautious and seek further information before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Las Vegas Business Academy legitimate?
Las Vegas Business Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Las Vegas Business Academy submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $138,272
For more financial information, click here
Official website here: www.lvbanv.org
What is the mission statement of Las Vegas Business Academy?
The Las Vegas Business Academy, a non-profit organization, is committed to graduate school education. Its motto, "Finis Orgine Pendet," translates to "The end depends on the beginning," reflecting its belief that a student's academic success is largely influenced by the learning process throughout their journey. The academy provides financial aid and mentoring resources to selected college students, aiming to support them during their education. Its mission is centered around fostering academic achievements by investing in the educational journey of its students.
Official website here: www.lvbanv.org
Who is the CEO of Las Vegas Business Academy?
Rino Armeni is the Fouder, Ceo, Chairman Of The Board of Las Vegas Business Academy. The CEO's salary of Las Vegas Business Academy is $0 and their total compensation is $0.
Official website here: www.lvbanv.org
What is the revenue of Las Vegas Business Academy?
Las Vegas Business Academy's revenue in 2022 was $484,257.
Official website here: www.lvbanv.org
Who are the executives of Las Vegas Business Academy and what are their salaries?
There 25 volunteers at Las Vegas Business Academy.
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Official website here: www.lvbanv.org
Where can I find the form 990 for Las Vegas Business Academy?
Las Vegas Business Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lvbanv.org
Learn more at the official website: www.lvbanv.org
Mission Statement of Las Vegas Business Academy
Las Vegas Business Academy, a non-profit organization, is dedicated to graduate school education. Their mission, reflected in the Latin motto "Finis Origine Pendeat," which translates to "The end depends on the beginning," underscores their belief that a student's academic success is contingent upon the learning process throughout their educational journey. The Academy is committed to supporting selected college students by providing them with financial aid and mentoring resources during their education. By doing so, they aim to contribute to the students' academic achievements, recognizing that the beginning of their journey significantly impacts their eventual success.
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Impact
July, 2024
Las Vegas Business Academy's impact can be seen in the transformation of selected UNLV students' lives through the unique opportunity to pursue their graduate degree with full scholarships for tuition, fees, and books. By providing financial aid and mentoring resources, LVBA contributes to developing future leaders who are committed to giving back to Las Vegas and Nevada. The program's focus on academic achievement, mentorship, and community service helps shape well-rounded individuals who positively impact their city and community.
This information is meant to be a general summary of Las Vegas Business Academy. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $569,632
Assets and Liabilities:
- Total Assets: $1,113,726
- Total Liabilities: $157,957
- Net Assets: $955,769
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Organization Details
Founding Year
2011
Phone
(702) 998-2138Principal Officer
Rino Armeni
Main Address
8930 W TROPICANA AVENUE 10, LAS VEGAS, NV, 89147
Website
www.lvbanv.orgNTEE Category
Code: B82 - Education
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