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Nevada Business Opportunity Fund

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 880330270 ✦ Las vegas, NV ✦ Designated as a 501(c)(3)

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Overview

What is Nevada Business Opportunity Fund?

The Nevada Business Opportunity Fund (NBOF) is a nonprofit organization situated in Las Vegas, Nevada. Their primary objective is to boost the economic self-sufficiency and improve the quality of life for low-to-moderate income individuals. They achieve this by providing entrepreneurial training, technical assistance, and access to lending for new and expanding businesses within Nevada. Throughout the year, they offer their training classes free of charge, extensively marketing these classes in partnership with organizations such as the SBA and Nevada Department of Business & Industry, local chambers of commerce, and others with similar goals.


Official website here: www.nevadabof.org/

Is Nevada Business Opportunity Fund legitimate?

Nevada Business Opportunity Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nevada Business Opportunity Fund 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: $198,439

For more financial information, click here


Official website here: www.nevadabof.org/

What is the mission statement of Nevada Business Opportunity Fund?

The Nevada Business Opportunity Fund's mission is centered around improving the economic self-sufficiency and enhancing the quality of life for low-to-moderate income individuals. This is achieved through providing entrepreneurial training, technical assistance, and facilitating access to lending for new and expanding businesses within the state. The organization's activities aim to empower these individuals, fostering business growth and ultimately contributing to their overall well-being. Throughout the year, the Fund offers its training classes free of charge and actively collaborates with various partners to spread the word about these opportunities.


Official website here: www.nevadabof.org/

Who is the CEO of Nevada Business Opportunity Fund?

Leanna Jenkins is the Executive Director of Nevada Business Opportunity Fund.


Official website here: www.nevadabof.org/

What is the revenue of Nevada Business Opportunity Fund?

Nevada Business Opportunity Fund's revenue in 2022 was $225,846.


Official website here: www.nevadabof.org/

Who are the executives of Nevada Business Opportunity Fund and what are their salaries?

There 10 volunteers at Nevada Business Opportunity Fund.


Here are 6 key members and their salaries:


Paola Gonzales (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Aviva Gordon (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shaundel Newsome (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Aney (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Monica Coburn (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leanna Jenkins (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.nevadabof.org/

Where can I find the form 990 for Nevada Business Opportunity Fund?

Nevada Business Opportunity Fund's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.nevadabof.org/

Learn more at the official website: www.nevadabof.org/

Mission Statement of Nevada Business Opportunity Fund

The Nevada Business Opportunity Fund, abbreviated as NBOF, is committed to improving the economic self-sufficiency and enhancing the quality of life for low-to-moderate income individuals. They achieve this mission by offering entrepreneurial training, providing technical assistance, and granting access to lending for both new and expanding businesses within the state of Nevada. This nonprofit organization's primary goal is to empower individuals to become financially independent and contribute positively to their communities. Throughout its operations, NBOF collaborates with various partners, such as the SBA, the Nevada Department of Business & Industry, local chambers of commerce, and other organizations with similar objectives, to promote and heavily market its training classes, making them freely available to interested individuals.

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Impact




October, 2024

The Nevada Business Opportunity Fund (NBOF) significantly enhances economic self-sufficiency and quality of life for low-to-moderate income individuals in Nevada. Through its entrepreneurial training programs, the NBOF equips emerging business owners with essential skills and knowledge, thereby fostering a supportive environment for new and expanding ventures.

In 2022, the organization offered free training classes, collaborating with partners such as the Small Business Administration and local chambers of commerce to ensure that these resources reached a wide audience. This community engagement not only promotes business development but also strengthens the local economy by enabling individuals to become successful entrepreneurs.

By providing technical assistance and access to lending, the NBOF addresses financial barriers that often hinder the growth of small businesses. This support enables individuals to start and expand their businesses, create jobs, and contribute to economic vitality in Nevada. Overall, the NBOF plays a pivotal role in empowering individuals, fostering entrepreneurship, and driving sustainable economic growth in the state.




This information is meant to be a general summary of Nevada Business Opportunity Fund. 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.

Revenue
$225,846 (2022)
Expenses
$388,759 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $5,000
  • Gross Receipts: $225,846

Assets and Liabilities:

  • Total Assets: $63,202
  • Total Liabilities: $83,558
  • Net Assets: -$20,356

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Womens History Month

Revenue

$5,000

Organization Details

Founding Year

1995

Principal Officer

Leanna Jenkins

Main Address

300 S 4th Street Suite 400, Las Vegas, NV, 891016033

NTEE Category

Code: J20 - Employment

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