Financial disclosures for Nevada congressional delegation | NevadaAppeal.com

Financial disclosures for Nevada congressional delegation

The Associated Press

Summaries of the 2005 financial disclosure statements for Nevada’s congressional delegation:

Sen. Harry Reid, D-Nev., Senate minority leader.

Earned income: $180,100.

Honoraria, all donated to charity: $22,000.

Major assets: 160 acres in Bullhead City, Ariz., $500,001-$1 million; Nevada land holdings and mining claims, $365,015-$875,000; municipal and school district bonds, $780,024-$1.8 million; pension plan and profit sharing holdings in index funds, $525,012-$1,250,000.

Major sources of unearned income: Interest from municipal and school district bonds, $33,225-$76,000.

Major liabilities: Loan from Harry Reid Ltd., law firm, $50,001-$100,000; Credit line from Wells Fargo, $15,001-$50,000.

Gifts: A hometown friend, Barney Regan, died in March 2005 and left Reid and his wife, Landra, his half-interest in the 18-acre Dubuque Mining Claim in their hometown of Searchlight, Nev. The Reids already owned the other half. The gift was valued at $10,000 and Reid received a waiver from the Senate Ethics Committee to be able to accept it. Senators must get waivers to accept gifts worth $50 or more.

Narrative: Reid owns portions of more than 200 acres of mining claims in Nevada, including old claims around Searchlight.

Sen. John Ensign, R-Nev.

Earned income: $162,100.

Honoraria, all donated to charity: None.

Major assets: Charles Schwab money market account, $50,001-$100,000; Wright-Patman congressional credit union checking/savings account, $15,001-$50,000; U.S. Senate federal credit union checking/savings account, $1,001-$15,000; Bank of America checking/savings account, $100,001-$250,000; E&P Partnership in Las Vegas, building and land, $500,001-$1 million; Income from 2001 sale of veterinary clinic, $250,001-$500,000; Note receivable from 1996 sale of lake house in Newberry, Calif., $50,001-$100,000.

Major sources of unearned income: Interest from note receivable, $2,501-$5,000; interest and capital gains from veterinary clinic stock sale, $15,001-$50,000; rent from E&P Partnership property, $15,001-$50,000.

Major liabilities: Mortgage on E&P Partnership building and land, $500,0001-$1 million.

Gifts: None.

Narrative: Ensign bought investment accounts for his three children, Trevor, Siena and Michael last year at brokerage firm RBC Dain Rausher. Each account was valued at $100,001-$250,000.

Ensign also is a general partner in E&P Partnership of Las Vegas.

Rep. Jim Gibbons, R-Nev.

Earned income: $162,100.

Honoraria, all donated to charity: None.

Major assets: 520-acre vacant lot in North Washoe County, $100,001-$250,000; 40-acre vacant lot in North Washoe County, $15,001-$50,000; Morgan Stanley IRA, containing blue-chip stocks and other funds.

Major sources of unearned income: Gibbons reported modest capital gains and dividends from several of his retirement investments; the largest sum was $5,001-$15,000 from shares in Cadbury Schwepps.

Major liabilities: None.

Gifts: None.

Narrative: Gibbons got $6,043 in pension payments from Delta Pilots Retirement Trust, $2,543 in pension payments from the Travelers Insurance Company, and $226 from State Farm. He reported paying off a personal loan to the Congressional Federal Credit Union but didn’t list the amount. He bought and sold some stocks within his Morgan Stanley account; none of the transactions was valued at more than $15,000. Gibbon’s wife, Dawn, who’s running to replace him in Congress, also reported a number of stock holdings in companies including Dell, General Electric, Intel and Microsoft as well as a Morgan Stanley IRA.

Rep. Shelley Berkley, D-Nev.

Earned income: $162,100.

Honoraria, all donated to charity: None.

Major assets: Joint ownership with her husband of two Capitol Hill rental properties, one worth $500,001-$1 million and the other worth $1 million to $5 million; and of a Las Vegas rental property worth $50,001-$100,000.

Major sources of unearned income: Rent from DC properties, $20,002-$65,000

Major liabilities: Mortgage on Las Vegas property, $15,001-$50,000; mortgage on DC property at 150 D. St. SE, $250,001-$500,000; mortgage on DC property at 208 D St. SE, $500,001-$1 million.

Gifts: None.

Narrative: Berkley’s husband, Dr. Larry Lehrner of Las Vegas, owns most of the assets listed on her form including partnerships in a Henderson tavern, a dialysis service in Summerlin and an aluminum company in Minden. He lists his salary from Nephrology and Endocrine Associates as between $100,001-$250,000.

With her husband Berkley purchased the 208 D St. property last year for $1 million to $5 million and a property in Buckeye, Ariz., for $15,001-$50,000.

She traveled to Tel Aviv in a trip paid for by the American Israel Education Foundation.

Rep. Jon Porter, R-Nev.

Earned income: $162,100

Honoraria, all donated to charity: None.

Major assets: With his wife, Laurie, Porter owns a real estate trust and limited liability corporation worth $1 million-$5 million that includes a number of rental properties in Boulder City; Investments in a handful of mutual funds, credit unions and insurance funds, including several worth $15,000 or less and one worth $250,001-$500,000

Major sources of unearned income: Rental income, $65,002-$150,000; Dividend and interest income on investments, $151,807-$1.1 million.

Major liabilities: Boulder Dam Credit Union, $250,001-$500,000.

Gifts: None.

Narrative: Porter and his wife are both beneficiaries to two family trusts whose value is not listed on the disclosure form. Porter traveled to Orlando in a trip paid for by the American Association of Railroads.