Totals
- Total revenue
- $16,435,012
- Total expenses
- $13,163,419
- Contributions and grants received
- $15,141,840
- Grants paid
- $11,817,922
- Program service revenue
- $61,056
- Investment income
- $1,232,116
- Other revenue
- $0
- Total assets, end of year
- $127,807,391
- Total liabilities, end of year
- $337,748
- Net assets or fund balances, end of year
- $127,469,643
- Program services expenses (Part IX)
- $12,458,143
- Management and general expenses
- $502,002
- Fundraising expenses
- $203,274
- Program service expenses (Part III)
- $12,458,143
Program services were 94.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$15,141,840
-
1g · Noncash contributions included above
$3,482,384
-
2a · Program service revenue: Building Use Income
total $59,348 · related or exempt $59,348
-
2f · All other program service revenue
total $1,708 · related or exempt $1,708
-
3 · Investment income
total $2,762,580 · unrelated business -$1,641 · excluded $2,764,221
-
7a · Gross sales of assets other than inventory
securities $18,045,082
-
7b · Less cost or other basis and sales expenses
securities $19,575,546
-
7c · Gain or loss
securities -$1,530,464
-
7d · Net gain or loss
total -$1,530,464 · excluded -$1,530,464
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $11,763,922 · program services $11,763,922
-
2 · Grants to domestic individuals
total $54,000 · program services $54,000
-
5 · Compensation of officers, directors and key employees
total $353,489 · program services $53,344 · management and general $246,801 · fundraising $53,344
-
7 · Other salaries and wages
total $296,220 · program services $178,983 · management and general $4,882 · fundraising $112,355
-
9 · Other employee benefits
total $52,202 · program services $31,951 · management and general $5,844 · fundraising $14,407
-
10 · Payroll taxes
total $46,176 · program services $17,552 · management and general $16,402 · fundraising $12,222
-
11c · Fees: accounting
total $32,578 · management and general $32,578
-
11f · Fees: investment management
total $108,736 · management and general $108,736
-
12 · Advertising and promotion
total $2,963 · fundraising $2,963
-
13 · Office expenses
total $79,990 · program services $4,034 · management and general $68,340 · fundraising $7,616
-
14 · Information technology
total $28,823 · program services $20,980 · management and general $7,843
-
16 · Occupancy
total $146,507 · program services $146,507
-
17 · Travel
total $1,093 · management and general $1,093
-
19 · Conferences, conventions and meetings
total $1,190 · management and general $1,101 · fundraising $89
-
22 · Depreciation, depletion and amortization
total $134,640 · program services $134,640
-
23 · Insurance
total $37,931 · program services $30,277 · management and general $7,654
-
24e · All other expenses
total $22,959 · program services $21,953 · management and general $728 · fundraising $278
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $7,775,342 · end of year $4,171,396
-
4 · Accounts receivable
end of year $1,125
-
9 · Prepaid expenses and deferred charges
beginning of year $18,191 · end of year $19,137
-
10a · Land, buildings and equipment: cost or other basis
$6,821,393
-
10b · Land, buildings and equipment: accumulated depreciation
$3,355,073
-
10c · Land, buildings and equipment, net
beginning of year $3,581,878 · end of year $3,466,320
-
11 · Investments: publicly traded securities
beginning of year $85,244,374 · end of year $106,586,734
-
12 · Investments: other securities
beginning of year $12,478,950 · end of year $13,562,679
-
17 · Accounts payable and accrued expenses
beginning of year $35,645 · end of year $70,955
-
18 · Grants payable
beginning of year $1,000,000 · end of year $0
-
19 · Deferred revenue
beginning of year $16,400 · end of year $16,900
-
25 · Other liabilities
beginning of year $236,379 · end of year $249,893
-
27 · Net assets without donor restrictions
beginning of year $61,736,251 · end of year $74,500,818
-
28 · Net assets with donor restrictions
beginning of year $46,074,060 · end of year $52,968,825
Mission and programs · 2023
Mission
The Foundation envisions a thriving community created through meaningful philanthropy, inclusive communication, and the willingness to explore possibilities together.
Activities or mission (Part I)
Cultivating community philanthropy to enhance and preserve the quality of life at Tahoe.
-
Donor Services: Parasol fulfills its mission to build a more prosperous community by partnering with donors to make their charitable giving more meaningful, by supporting quality programs provided by local non-profit organizations and by providing community leadership on emerging issues. As the Tahoe region's oldest and largest community foundation, Parasol currently administers 169 charitable funds which supported 339 non-profit organizations. It is the intention of Parasol to continue to build charitable resources that will benefit the community now and into the future.
Expenses $11,549,324 · Grants $11,523,622 · Revenue $1,708
-
Donald W. Reynolds Community Non-Profit Center: In the year ended December 31, 2023, Parasol provided 43 local non-profit organizations (not including ourselves) with office space, storage space, and meeting room use. The DWR center is a valuable asset which allows non-profit organizations to allocate more funding toward programs and services which directly benefit the community.
Expenses $614,519 · Revenue $59,348
-
Withheld by Nonprofiteer: this text may name a private individual.
Expenses $294,300 · Grants $294,300
As filed on the 2023 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.
Listed in Part VII
-
Ron Alling
Chair
- Total calculated
- $0
- Hours/week
- 1
-
Kevin Hameister
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Aimee LaFayette
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Janice Charley
Director
- Total calculated
- $0
- Hours/week
- 1
-
David Hardie
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mark Holmlund
Director
- Total calculated
- $0
- Hours/week
- 1
-
John McLaughlin
Director
- Total calculated
- $0
- Hours/week
- 1
-
Aaron Moore
Director
- Total calculated
- $0
- Hours/week
- 1
-
Alvaro Pascotto
Director
- Total calculated
- $0
- Hours/week
- 1
-
Bill Watson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kendra Wong
Director
- Total calculated
- $0
- Hours/week
- 1
-
Claudia Andersen
CEO
- Total calculated
- $213,375
- From this org
- $201,650
- From related orgs
- $0
- Other
- $11,725
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $201,650
- Bonus
- $0
- Other
- $0
- Deferred
- $6,049
- Nontaxable benefits
- $5,675
- Filer's total
- $213,374
-
Cari Gutheil
CFO
- Total calculated
- $140,113
- From this org
- $120,783
- From related orgs
- $0
- Other
- $19,330
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$2,419,830
Environment
-
University of Nevada Reno Foundation
$1,331,100
Education & Youth Development
-
$987,000
Arts, Culture & Heritage
-
$505,000
Education & Youth Development
-
$487,282
Environment
-
Arts, Culture & Heritage
-
$250,000
Education & Youth Development
-
$250,000
Community Engagement
-
$230,000
Well-Being
-
$204,210
Community Engagement
The 10 largest by cash amount. The API serves every itemized grant.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
Charitable Remainder Unitrust (1)
Investments · NV
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403209349314395
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.