2025-10-24T11:14:24-04:00 2025-06-30 880374623 HOULDSWORTH RUSSO & COMPANY PC 6001 S DECATUR BLVD STE P LAS VEGAS NV 891183074 990 2024-07-01 942861434 GREAT BASIN COLLEGE FOUNDATION GREA 7757532246 PO BOX 2056 ELKO NV 89803 JAMES GLENNON TREASURER 7757778497 2025-09-30 true true JESSICA P SAYLES P01530213 7022699992 2025-10-24 2024 2025-03-06 01:10:19Z DR ROBERT COLON PO BOX 2056 ELKO NV 89803 1423440 false X GBCNV.EDU X 1982 NV GREAT BASIN COLLEGE FOUNDATION CULTIVATES, STEWARDS, AND MANAGES RESOURCES FROM OUR COMMUNITIES FOR THE BENEFIT OF THE STUDENTS AND PROGRAMS OF GREAT BASIN COLLEGE. 14 14 0 14 0 1104025 1113100 0 100743 310340 0 1204768 1423440 1038285 1137093 0 0 0 66473 249419 215619 1287704 1352712 -82936 70728 12672550 13631208 148061 72279 12524489 13558929 GREAT BASIN COLLEGE FOUNDATION CULTIVATES, STEWARDS, AND MANAGES RESOURCES FROM OUR COMMUNITIES FOR THE BENEFIT OF THE STUDENTS AND PROGRAMS OF GREAT BASIN COLLEGE. false false 1137093 1137093 FUNDS DISBURSEED TO GREAT BASIN COLLEGE FOR SCHOLARSHIPS FOR STUDENTS ATTENDING GREAT BASIN COLLEGE. FUNDS FROM TEMPORARY AND ENDOWED FUNDS RESTRICTED FOR SCHOLARSHIPS. MISCELLANEOUS SUPPORT TO GREAT BASIN COLLEGE FOR VARIOUS COLLEGE RELATED PROGRAMS AND PROJECTS. 1137093 true true false false false false false false false true false true false false true false true false false false false false false false false false false true false false false false false false false false false false true false false false false true false false false true 2 0 0 false false false false false false false false false false false false X 14 14 false false false false true true true true true false false true true true true true true true true false X THE ORGANIZATION 7753272382 PO BOX 2056 ELKO NV 89803 LESLIE MAPLE EXECUTIVE DI 20.00 X 91066 0 34299 SHIRLEY ALEN-KELLERMAN TRUSTEE 1.00 X 0 0 0 KALEY CHAPIN TRUSTEE 1.00 X 0 0 0 DR ROBERT COLON CHAIRMAN 1.00 X X 0 0 0 LINDA FITZGIBBONS TRUSTEE 1.00 X 0 0 0 ZACH GERBER TRUSTEE 1.00 X 0 0 0 JAMES GLENNON TREASURER 1.00 X X 0 0 0 CHRIS JOHNSON DEVELOPMENT 1.00 X 0 0 0 CAROLINE MCINTOSH TRUSTEE 1.00 X 0 0 0 ALAN MORRIS TRUSTEE 1.00 X 0 0 0 DAVE RODEN TRUSTEE 1.00 X 0 0 0 DAVE SEXTON FACULTY CHAI 1.00 X 0 0 0 BRANDON SHEDD TRUSTEE 1.00 X 0 0 0 STACY SMITH VICE CHAIR 1.00 X X 0 0 0 SHANE VALENTINE TRUSTEE 1.00 X 0 0 0 91066 34299 false false false 1113100 43095 1113100 42504 42504 267836 267836 267836 267836 1423440 267836 42504 1137093 1137093 45000 45000 76064 76064 2315 2315 13708 13708 12059 12059 56341 56341 GBC PAYROLL REIMBURSEMENT 10132 10132 1352712 1137093 149146 66473 1356304 1421652 806704 834218 247100 217718 6383 5151 11080 11232 107374 91740 10137605 11049497 12672550 13631208 62932 11487 19114 27614 66015 33178 148061 72279 X 12524489 13558929 12524489 13558929 12672550 13631208 70728 963712 X false true X true false X 4050632 1224741 1274421 1104025 1113100 8766919 4050632 1224741 1274421 1104025 1113100 8766919 2040215 6726704 2375758 15462 36732 28149 42504 2498605 11265524 0.59710 0.63720 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10258845 12600 1254995 180327 183733 11162380 9416996 107422 1034533 180935 119171 10258845 9055954 187273 584009 207768 202472 9416996 9786666 147906 128510 162934 490083 354111 9055954 7600532 160680 2375758 330785 19519 9786666 0.11510 0.48380 0.40110 false true true NSHE INTERNAL INVESTMENT POOL 11049497 F 11049497 DUE TO GREAT BASIN COLLEGE 33178 33178 2600742 963712 213590 1177302 1423440 1423440 1566302 213590 213590 1352712 1352712 SCHEDULE D, PAGE 2, PART V, LINE 4 THE FOUNDATION HOLDS TWO POOLS OF ENDOWMENT ACCOUNTS. ONE ACCOUNT IS A REQUIRED MAINTENANCE ENDOWMENT THAT IS INVESTED AND MANAGED SEPARATELY FROM OTHER ENDOWMENTS. ALL OTHER ENDOWMENTS HELD BY THE FOUNDATION, MOST OF WHICH ARE RESTRICTED FOR SCHOLARSHIP AND PROGRAM FUNDING, ARE COMBINED IN AN INTERNAL INVESTMENT POOL. THE CORPUS BALANCES OF ALL ENDOWMENT ACCOUNTS HELD BY THE FOUNDATION TOTALED 4,819,070. ADDITIONAL CONTRIBUTIONS FROM DONORS THAT ARE RESTRICTED FOR THESE USES ARE CLASSIFIED AS NONEXPENDABLE OR EXPENDABLE NET ASSETS IN THE FOUNDATION'S RECORDS, DEPENDING ON THE NATURE OF THE DONOR RESTRICTION. THE FOUNDATION HAS USED A TOTAL RETURN POLICY TO DETERMINE THE AMOUNT OF EXPENDABLE ACCOUNTS AVAILABLE ON AN ANNUAL BASIS. THIS METHOD CONSERVATIVELY EVALUATED OVERALL RETURN ON ENDOWMENT INVESTMENTS, INCLUDING INTEREST AND DIVIDEND INCOME, AS WELL AS REALIZED AND UNREALIZED GAINS OR LOSSES ON THE INVESTMENTS. THE AMOUNT DISTRIBUTED FROM EACH ENDOWMENT ACCOUNT WAS HISTORICALLY DETERMINED WITH A VIEW TOWARD PRESERVING ENDOWMENT ASSETS WHILE HONORING THE SPIRIT OF THE DONOR'S GIFT. THE FOUNDATION ADOPTED A POLICY THAT DISTRIBUTIONS FROM ENDOWMENT ACCOUNTS FOR PROGRAM PURPOSES WILL NOT EXCEED 4.5% ANNUALLY. NEVADA REVISED STATUTE ("NRS") SECTION 164.667 STATES THAT "SUBJECT TO THE INTENT OF A DONOR EXPRESSED IN THE GIFT INSTRUMENT AND TO SUBSECTION 4, AN INSTITUTION MAY APPROPRIATE FOR EXPENDITURE OR ACCUMULATE SO MUCH OF AN ENDOWMENT FUND AS THE INSTITUTION DETERMINES IS PRUDENT FOR THE USES, BENEFITS, PURPOSES AND DURATION FOR WHICH THE ENDOWMENT FUND IS ESTABLISHED. UNLESS STATED OTHERWISE IN THE GIFT INSTRUMENT, THE ASSETS IN AN ENDOWMENT FUND ARE DONOR-RESTRICTED ASSETS UNTIL APPROPRIATED FOR EXPENDITURE BY THE INSTITUTION." THE FOUNDATION INVESTS THE MAJORITY OF THEIR ENDOWMENTS WITH NSHE. true GREAT BASIN COLLEGE 1500 COLLEGE PKWY ELKO NV 89801 886000024 GOV 1137093 FMV EQUIPMENT CHARITABLE 1 X EQUIPMENT 2 4300 FMV X SUPPLIES 300 38795 FMV false false false FORM 990, PAGE 6, PART VI, LINE 6 THE BOARD OF REGENTS OF THE NEVADA SYSTEM OF HIGHER EDUCATION (NSHE) ARE CONSIDERED MEMBERS OF THE CORPORATION. THE GREAT BASIN COLLEGE FOUNDATION IS RELATED TO THE GREAT BASIN COLLEGE, WHICH IS PART OF NSHE. FORM 990, PAGE 6, PART VI, LINE 7A THE REGENTS, AS MEMBERS OF THE CORPORATION, ACCEPT EACH TRUSTEE WITHIN A YEAR OF NOMINATION TO THE BOARD. FORM 990, PAGE 6, PART VI, LINE 7B THE REGENTS, AS MEMBERS OF THE CORPORATION, APPROVE CHANGES TO THE FOUNDATION'S GOVERNING DOCUMENTS. FORM 990, PAGE 6, PART VI, LINE 11B THE FOUNDATION DIRECTOR PROVIDED AN ELECTRONIC COPY OF THE FORM 990 TO ALL TRUSTEES FOR THEIR REVIEW PRIOR TO FILING, WITH INSTRUCTIONS FOR REVIEW AND AN INVITATION TO CONTACT STAFF WITH QUESTIONS. THE FORM 990 WILL BE REVIEWED AND APPROVED BY THE FINANCE COMMITTEE CHAIR AND THE BOARD OF TRUSTEES CHAIR. FORM 990, PAGE 6, PART VI, LINE 12C ANNUAL COMPLETION OF QUESTIONNAIRE BY TRUSTEES. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION IS BASED ON SALARY SCHEDULES OF NSHE, OF WHICH GREAT BASIN COLLEGE IS A PART. THE FOUNDATION IS AN ORGANIZATION RELATED TO GREAT BASIN COLLEGE. GREAT BASIN COLLEGE EMPLOYES THE FOUNDATION'S STAFF. A PORTION OF THE PAYROLL EXPENSES IS REIMBURSED BY THE FOUNDATION. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION IS BASED ON SALARY SCHEDULES OF NSHE, OF WHICH GREAT BASIN COLLEGE IS A PART. THE FOUNDATION IS AN ORGANIZATION RELATED TO GREAT BASIN COLLEGE. GREAT BASIN COLLEGE EMPLOYES THE FOUNDATION'S STAFF. A PORTION OF THE PAYROLL EXPENSES IS REIMBURSED BY THE FOUNDATION. FORM 990, PAGE 6, PART VI, LINE 19 DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. GREAT BASIN COLLEGE 1500 COLLEGE PKWY ELKO NV 89801 886000024 COLLEGE NV GOV 6 N/A false NEVADA SYSTEM OF HIGHER EDUCATION 4300 S MARYLAND PKWY LAS VEGAS NV 89119 886000024 HIGHER ED NV GOV 6 N/A false false true false false true false false false false false false false false true true false false false false GREAT BASIN COLLEGE B 1137092 DISTRIBUTIONS TO COLLEGE GREAT BASIN COLLEGE N 11400 IN-KIND FACILITIES GREAT BASIN COLLEGE O 202190 SALARY/BENEFITS REIMB GREAT BASIN COLLEGE E 33178 DUE TO COLLEGE