Reno Aces Foundation Inc

Nonprofit profile at a glance

EIN
352849267
IRS 990 coverage
2024–2024
Forms available
Form 990 2024
Location
Reno, NV, USA
Phone
7753344700
Rating
39
Verdict
REVIEW
Rating confidence
Moderate

Reported finances

Revenue
$291,747
Expenses
$7,710
Assets
$293,682
Liabilities
$9,645

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • ERIC EDELSTEIN (PRESIDENT)

People named in this filing

  • ERIC EDELSTEIN (PRESIDENT)
  • STACEY BOWMAN (TREASURER/SECRETARY)
  • CHRIS PHILLIPS (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The reno aces foundation is dedicated to improving the community and people's lives throughout northern Nevada by working hand-in-hand with organizations that share that same vision. The reno aces foundation is committed to providing services and opportunities to enhance the quality of life for children, promoting wellness and supporting underserved communities. Together we can work to build a better community and make a lasting impact both on and off the field.

What it reported doing in 2024

Formed in 2024, the foundation embarked on a strategic plan to create a comprehensive approach to community engagement and support. The foundation will focus on: education by supporting education programs and initiatives that enhance learning opportunities as well as providing resources and experiences that contribute to holistic development of youth;, health and wellness by supporting initiatives focused on improving physical and mental health and fostering community well-being through various wellness programs and activities; and supporting underserviced communities by assisting organizations working to uplift underrepresented and underservice groups and facilitating programs that bridge gaps in resources an opportunities. Through strategic collaborations and targeted philanthropy, the foundation will address pressing needs within the community and create lasting benefits

Operating model

Revenue model
Donor-supported. 89% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 93% of its reported program spending out as grants.

The verdict

REVIEW - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 2
  • Transparency & Controls: 92
  • Accountability: 30
  • Sustainability: 88
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0.2%; rating input score 0
  • Program expense ratio: 6.7%; rating input score 7
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 7th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 97.4%; rating input score 100; 100th percentile among comparable filings
  • Total-asset coverage ratio: 38.09; rating input score 98; 98th percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 36; 36th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 0.2% of revenue deployed · 6.7% of spending went to programs
  • Governance: 0 of 3 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $517 in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 18 of 18 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Contacts: How to reach this organization
  • Related organizations: 1 filed related-organization link
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 7/100.
  • High — Accountability: Independent voting board scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Sustainability: Liabilities to assets ratio scored 36/100.