Las Vegas Clark County Library District Foundation

EIN: 270035192 501(c)(3) Education

Las Vegas, NV

Total Revenue
$708,093
Total Expenses
$18,893,390
Total Assets
$27,001,604
Net Assets
$26,923,124
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
NV
Principal Officer
Felipe A Ortiz
Phone
7025076165
Tax Period
2024-07-01 to 2025-06-30

Las Vegas Clark County Library District Foundation, founded in 2002, is a small nonprofit in the Education sector that reported $708K in total revenue in fiscal year 2024. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $18.9M exceeded revenue, resulting in a 2568% operating deficit.

Mission

The foundation was formed to aid, support, and assist the promotion, growth, and improvement of the Las Vegas-Clark County Library District, its staff, facilities, and collections and to enhance and stimulate the quality of the library services.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $261,005
Program Service Revenue $0
Investment Income $237,376
Other Revenue $209,712
TOTAL REVENUE $708,093

Expense Breakdown

Grants Paid $534,111
Salaries & Benefits $23,002
Fundraising Expenses $0
Program Expenses $18,863,004
Other Expenses $18,336,277
TOTAL EXPENSES $18,893,390

Year-over-Year Comparison

2024 2023 Change
Revenue $708,093 $24,000,391 -1.0%
Expenses $18,893,390 $1,167,142 +15.2%
Net Income $-18,185,297 $22,833,249 -1.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
9
Employees
1
Volunteers
675

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Shannon-Bilbray Axelrod Director 1.00
Director
$0 $0 $0
Fred James Treasurer 1.00
Officer Director
$0 $0 $0
Nicole Rogers Secretary 1.00
Officer Director
$0 $0 $0
Pamela Graham Director 1.00
Director
$0 $0 $0
Felipe Ortiz Chair 1.00
Officer Director
$0 $0 $0
Michelle Sanders Vice Chair 1.00
Officer Director
$0 $0 $0
Leslie Valdes Director 1.00
Director
$0 $0 $0
Vicki Gaska Director 1.00
Director
$0 $0 $0
Jorge Cervantes Director 1.00
Director
$0 $0 $0
Tamar Hoapili Director 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $708,093 $18,893,390 $27,001,604 $-18,185,297
2024 $24,000,391 $1,167,142 $45,065,454 $22,833,249
2023 $1,184,850 $1,073,823 $22,074,903 $111,027
2022 $780,577 $797,434 $21,869,617 $-16,857
2021 $719,839 $878,838 $21,886,474 $-158,999
2020 $1,114,700 $785,162 $22,045,473 $329,538
2019 $970,717 $716,055 $21,715,935 $254,662
2018 $22,010,380 $973,012 $21,524,878 $21,037,368
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