Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
|
Total |
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Calendar year (or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | ||||||
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | ||||||
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f).. | ||||||
| 6 | Public support. Subtract line 5 from line 4. | ||||||
Calendar year
(or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | ||||||
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | ||||||
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | ||||||
| 11 | Total support. Add lines 7 through 10 | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | 161,063 | 176,211 | 163,099 | 837,434 | 2,348,380 | 3,686,187 |
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | 543,848 | 563,461 | 574,411 | 132,553 | 142,983 | 1,957,256 |
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | 72,602 | 117,673 | 25,000 | 215,275 | ||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | 1,255 | 819,320 | 820,575 | |||
| 6 | Total. Add lines 1 through 5 | 777,513 | 857,345 | 762,510 | 971,242 | 3,310,683 | 6,679,293 |
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | 134,339 | 122,963 | 257,302 | |||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | 0 | |||||
| c | Add lines 7a and 7b.. | 134,339 | 122,963 | 257,302 | |||
| 8 | Public support. (Subtract line 7c from line 6.) | 6,421,991 | |||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | 777,513 | 857,345 | 762,510 | 971,242 | 3,310,683 | 6,679,293 |
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | 60,000 | 60,000 | ||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | 60,000 | 60,000 | ||||
| 11 | Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on. | 5,035 | 5,035 | ||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | 17,030 | 3,422 | 20,452 | |||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | 777,513 | 857,345 | 762,510 | 1,053,307 | 3,314,105 | 6,764,780 |
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
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| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by .035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | ||
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
||
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | ||
| 4 Amounts paid to acquire exempt-use assets | ||
| 5 Qualified set-aside amounts (prior IRS approval required) | ||
| 6 Other distributions (describe in Part VI). See instructions | ||
| 7Total annual distributions. Add lines 1 through 6. | ||
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
||
| 9 Distributable amount for 2019 from Section C, line 6 | ||
| 10 Line 8 amount divided by Line 9 amount | ||
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2019 |
(iii) Distributable Amount for 2019 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2019 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2019 (reasonable cause required-- explain in Part VI). See instructions. |
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| 3 Excess distributions carryover, if any, to 2019: | ||||
| a From 2014....... | ||||
| b From 2015....... | ||||
| c From 2016....... | ||||
| d From 2017....... | ||||
| e From 2018....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2019 distributable amount | ||||
|
i
Carryover from 2014 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from 3f. | ||||
| 4Distributions for 2019 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2019 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from 4. | ||||
|
5
Remaining underdistributions for years prior to 2019, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
6
Remaining underdistributions for 2019. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
7 Excess distributions carryover to 2020. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2015..... | ||||
| b Excess from 2016..... | ||||
| c Excess from 2017..... | ||||
| d Excess from 2018..... | ||||
| e Excess from 2019..... | ||||
| Facts And Circumstances Test |
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| Return Reference | Explanation |
|---|---|
| SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: | PENSION PLAN FORFEITURE - 2018 AMOUNT: $ 17,025. 2019 AMOUNT: $ 3,308. MISCCELLANEOUS INCOME - 2018 AMOUNT: $ 5. 2019 AMOUNT: $ 114. |
| Software ID: | |
| Software Version: |
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART III, LINE 2 | THE ORGANIZATION WAS PLEASED TO ADD TRANSPORTATION ASSISTANCE SERVICES FOR LOW-INCOME INDIVIDUALS IN MARCH 2019. |
| FORM 990, PART VI, SECTION A, LINE 1 | THE ORGANIZATION DOES DO NOT HAVE AN EXECUTIVE COMMITTEE, BUT AN EXECUTIVE COMMITTEE WILL BE ENACTED IN THE FUTURE SHOULD THE NUMBER OF MEMBERS ON THE BOARD INCREASE. |
| FORM 990, PART VI, SECTION A, LINE 3 | WOLVERINE TECHNOLOGIES WAS HIRED IN JUNE 2018 TO FILL THE POSITION OF THE CHIEF OPERATING OFFICER. LAWRENCE BEASLEY, IS THE 100% OWNER OF THIS ENTITY. WOLVERINE TECHNOLOGIES WAS PAID $97,500 FOR ITS SERVICES IN 2019. |
| FORM 990, PART VI, SECTION A, LINE 4 | THE BYLAWS WERE AMENDED AS FOLLOWS: - CHANGED THE NAME, AS LISTED IN THE BYLAWS, TO MATCH THE ORGANIZATION'S LEGAL NAME; - SIMPLIFIED THE ORGANIZATIONS OPERATING PRINCIPLES TO SAY "1. TO ELIMINATE POVERTY IN SOUTHERN NEVADA. 2. IN PARTNERSHIP WITH COMMUNITY STAKEHOLDERS, THE ECONOMIC OPPORTUNITY BOARD ("EOB") OF CLARK COUNTY IS COMMITTED TO INTRODUCING AND IMPLEMENTING PROGRAMS, RESOURCES, AND ADVOCACY WHICH LEAD TO SEL-SUFFICIENCY AND ECONOMIC EMPOWERMENT FOR LOW-INCOME INDIVIDUALS AND FAMILIES.; - CLARIFIED THE DEMOCRATIC PROCESS USED TO SELECT THE LOW-INCOME MEMBERS OF THE BOARD BY ADDING THE THE PERSON WILL BE SELECTED THROUGH A DEMOCRATIC PROCESS BY A NEIGHBORHOOD OR COMMUNITY-BASED GROUP OR AGENCY SERVING LOW-INCOME PERSONS. THE GROUP OR AGENCY'S PRIMARY PURPOSE MUST BE TO SERVE THE INTERESTS OF LOW-INCOME NEIGHBORHOOD OR COMMUNITY RESIDENTS. SUCH ORGANIZATIONS MIGHT INCLUDE NEIGHBORHOOD BLOCK ASSOCIATIONS, HUMAN SERVICE AGENCIES, SIGNIFICANT MINORITY GROUPS, RELIGIOUS OR OTHER GROUPS AND INTEREST AS MAY BE DESIGNATED FROM TIME TO TIME BY RESOLUTION OF THE BOARD." THE COMMUNITY BASED ORGANIZATIONS(S) ARE SELECTED BY THE BOARD. INDIVIDUALS SELECTED THROUGH THE DEMOCRATIC PROCESS ARE CONSIDERED BY THE BOARD TO DETERMINE WHETHER THE INDIVIDUAL(S) WILL OCCUPY A BOARD SEAT; - REVISED LANGUAGE TO ALLOW THE BOARD TO SELECT THE PUBLIC SECTOR MEMBERS OF THE BOARD AND DELETED PRIOR LANGUAGE REGARDING RELIANCE ON THE BOARD OF COUNTY COMMISSIONERS AS THE OFFICIALS PRIMARILY RESPONSIBLE FOR THE PUBLIC SECTOR'S PARTICIPATION ON THE BOARD OF EOB; - ADDED LANGUAGE INCORPORATING EOB'S CONFLICT OF INTEREST POLICY; - CORRECTED THE STAGGERING OF BOARD TERMS FOR THE LOW-INCOME REPRESENTATIVE SECTOR, SO THAT THE TERMS LINE-UP WITH THE TOTAL NUMBER OF BOARD MEMBERS (THERE ARE 6 BOARD MEMBERS TOTAL) AND PER SECTOR (THERE ARE 2 BOARD MEMBERS IN EACH SECTOR: PUBLIC / ELECTED OFFICIAL, PRIVATE, AND LOW-INCOME). THE REVISION REFLECTS THAT THERE WILL BE A TOTAL OF TWO (2) BOARD MEMBERS FROM THIS SECTOR SERVING ON THE EOB BOARD; - THE LANGUAGE CONSTITUTING WHAT MAKES A QUORUM WAS CORRECTED TO STATE "50% PLUS 1" (WHICH WOULD BE 4 BOARD MEMBERS) IN ORDER TO COMPLY WITH THE ORGANIZATIONAL STANDARDS; - REDEFINES THE ROLE OF THE EXECUTIVE DIRECTOR, AND INCORPORATES EOB'S EXECUTIVE DIRECTOR SUCCESSION PLAN; - DELETED THE EXECUTIVE DIRECTOR OR ASSISTANT DIRECTOR AS OFFICERS OF THE BOARD; - DELETE LANGUAGE THAT THE SECRETARY SHALL BE THE EXECUTIVE DIRECTOR OR THE ASSISTANT DIRECTOR EX-OFFICIO; - REVISED LANGUAGE TO REFLECT THAT THERE IS NO ACTIVE EXECUTIVE COMMITTEE. AN EXECUTIVE COMMITTEE WILL BE ENACTED ONLY IF THE NUMBER OF MEMBERS OF THE BOARD INCREASE IN THE FUTURE; - IN THE EVENT THE EXECUTIVE COMMITTE IS ACTIVATED THE QUORUM OF THE EXECUTIVE COMMITTE IS REVISED FROM THREE OUT OF SEVEN TO FOUR OUT OF SIX MEMBERS OF THE COMMITTEE; - REVISED LANGUAGE TO CHANGE THE NUMBER OF DIRECTORS FROM "NO MORE THAN 15 MEMBERS OF THE GOVERNING BOARD OF DIRECTORS" TO "NO MORE THAN 6 MEMBERS OF THE GOVERNING BOARD OF DIRECTORS". |
| FORM 990, PART VI, SECTION A, LINE 6 | THE MEMBERSHIP OF THE ORGANIZATION IS THE GOVERNING BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 11B | ORGANIZATION REVIEWS INFORMATION ON THIS FORM 990 WITH BOARD OF DIRECTORS AND COMPARES TO AMOUNTS REPORTED ON FINANCIAL STATEMENTS. |
| FORM 990, PART VI, SECTION B, LINE 15A | IN 2018, THE BOARD OF DIRECTORS DETERMINED AND APPROVED THE COMPENSATION OF ALL INDIVIDUALS, INCLUDING THE MONTHLY CONTRACT FOR THE MANAGEMENT COMPANY. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE FINANCIAL STATEMENTS AND FORM 990 ARE MADE AVAILABLE VIA THE COMPANY'S WEBSITE. ALL OTHER DOCUMENTS MADE AVAILABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | BAD DEBT EXPENSE -3,666. |
| FORM 990, PART XII, LINE 3B | ECONOMIC OPPORTUNITY BOARD (EOB) WAS IMPACTED BY THE COVID-19 RESTRICTIONS IN THE STATE OF NEVADA. THE ORGANIZATION DID NOT HAVE THE INFRASTRUCTURE TO WORK REMOTELY IN 2020. THIS HAD AN IMPACT ON THE ORGANIZATION'S ABILITY TO PRODUCE THE FINANCIAL INFORMATION NEEDED TO COMPLETE THE SINGLE AUDIT. AS RESTRICTIONS WERE LIFTED, THE ORGANIZATION CONVERTED TO A NEW ACCOUNTING SYSTEM. EOB IS WORKING TO COMPLETE THE AUDIT BY THE END OF 2021. BOTH THE AUDITOR AND EOB RECOGNIZE THE IMPORTANCE OF PROVIDING QUALITY FINANCIAL STATEMENTS. |
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