StartUpNV

Nonprofit profile at a glance

EIN
813398527
IRS 990 coverage
2022–2024
Forms available
Form 990 2024, Form 990-N 2018
Location
Las Vegas, NV, USA
Phone
7753939701
Rating
70
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Economic Development

Reported finances

Revenue
$2,042,631
Expenses
$1,361,936
Assets
$994,138
Liabilities
$23,398

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

Leadership & pay

6 people listed

Executive titles in this filing

  • Jeff Saling (President)

Highest reported compensation

  • Margaret Saling (COO): $151,452 total reported compensation
  • Jeff Saling (President): $67,500 total reported compensation

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

Overview

Mission

To educate entrepreneurs and investors. To create and grow a self- sustaining ecosystem to diversify Nevada's economy - making our state more economically resilient.

What it reported doing in 2024

The organization engages new and experienced entrepreneurs from a wide variety of industries and business sectors. The organization's mission is to coach and mentor startup companies to go from a scalable idea to a revenue-producing business with access to capital investment for rapid growth. In addition to educating entrepreneurs, the organization works to enhance the startup ecosystem through fund development and the education of accredited investors on how to invest in startups. The goal is to create a vibrant startup ecosystem that diversifies Nevada's economy. StartUpNV Inc.'s programs for entrepreneurs: IncubateNV - an online self-paced program for aspiring entrepreneurs. IncubateVegas - a 10-session incubator for underserved founders in Clark County, Nevada. At the end of 2024, Clark County, the grantor, worked with StartUpNV to create a new program, SeedVegas, to grant startup funds to up to 50 of the Incubate Vegas graduates. The program began in early 2025 and will run until July of 2026. AngelNV Due Diligence Bootcamp - a 5 week session that prepares founders to go through Due Diligence performed by the AngelNV Investors. StartUpNV Entrepreneur Readiness Program - 6-session program with Nevada's Small Business Development Center to focus on financial preparedness for investment. Tribal Entrepreneur Development - an 11-session on-site incubator for Nevada tribal organizations. Rural Road Show - outreach to connect rural Nevada entrepreneurs to resources to help them grow and succeed. FounderNV - Speaker Series featuring accomplished founders on various topics. FounderNV Workshops - monthly workshop on specific topics with work product to solve issues or accelerate growth. AccelerateNV - flagship accelerator that comes with a $50k investment from FundNV, a separate for profit entity, and a structured program to progress to the next level of investment. Founders invited to AccelerateNV pledge 1% of their proceeds from an exit to the non-profit for sustainability. StartUpNV's programs for investors: AngelNV investor bootcamp - a hands-on annual 12-week program to teach accredited or Nevada Certified Investors how to invest in startup companies. Results in a minimum $200k investment into a Nevada startup. In 2024, 53 angels invested $290,000 in two Nevada startups. Since inception in 2020, 9 Nevada companies have received investment of more than $1.2 Million. Affiliated Funds: FundNV 1 and 2 - separate for-profit entities that invest in Nevada startups that are accepted into the AccelerateNV program. The funds charge lower fees so that the founders donate 1% of an exit to the non-profit organization.

Operating model

Revenue model
Grant-funded. 92% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 58
  • Transparency & Controls: 93
  • Accountability: 57
  • Sustainability: 60
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 50.7%; rating input score 51
  • Program expense ratio: 76.1%; rating input score 76
  • Fundraising efficiency: $9.7 raised per $1 spent on fundraising; rating input score 37; 37th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 7th 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: 66.7%; rating input score 67; 11th percentile among comparable filings
  • Governance controls: 4 of 9 controls in place; rating input score 44
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 33.3%; rating input score 86; 86th percentile among comparable filings
  • Total-asset coverage ratio: 0.73; rating input score 27; 27th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 79; 79th percentile among comparable filings
  • Officer compensation ratio: 16.1%; rating input score 17; 17th percentile among comparable filings

Growth

  • Program expense growth: 31.7% per year; rating input score 100; 93rd percentile among comparable filings
  • Revenue growth: 47.7% per year; rating input score 100; 97th percentile among comparable filings
  • Asset growth: 95.4% per year; rating input score 100; 99th percentile among comparable filings

Details

  • Where the money goes: 50.7% of revenue deployed · 76.1% of spending went to programs
  • Governance: 2 of 3 board members independent · 4 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $1M in reported program spending
  • Leadership: top reported pay $151K · 6 people listed
  • Highest-paid contractors: 1 contractor listed · $193K reported
  • Consistency: 25 of 26 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 6 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • Review — Financial Efficiency: Mission deployment rate scored 51/100.
  • Moderate — Accountability: Governance controls: 5 of 9 not reported.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 37/100.
  • High — Sustainability: Total-asset coverage ratio scored 27/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 17/100.