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Nonprofiteer
← TAHOE COMMUNITY FOUNDATION

Form 990 for tax year 2022

Filed by TAHOE COMMUNITY FOUNDATION.

Totals

Total revenue
$21,464,989
Total expenses
$12,261,066
Contributions and grants received
$21,042,521
Grants paid
$11,009,375
Program service revenue
$58,213
Investment income
$377,846
Other revenue
-$13,591
Total assets, end of year
$109,098,735
Total liabilities, end of year
$1,288,424
Net assets or fund balances, end of year
$107,810,311
Program services expenses (Part IX)
$11,604,002
Management and general expenses
$467,192
Fundraising expenses
$189,872
Program service expenses (Part III)
$11,604,002

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.

  • 1c · Fundraising events

    $108,670

  • 1f · All other contributions, gifts and grants

    $20,933,851

  • 1g · Noncash contributions included above

    $10,618,065

  • 2a · Program service revenue: Building Use Income

    total $56,748 · related or exempt $56,748

  • 2f · All other program service revenue

    total $1,465 · related or exempt $1,465

  • 3 · Investment income

    total $2,294,548 · unrelated business $2,737 · excluded $2,291,811

  • 7a · Gross sales of assets other than inventory

    securities $12,899,335

  • 7b · Less cost or other basis and sales expenses

    securities $14,815,635 · other assets $402

  • 7c · Gain or loss

    securities -$1,916,300 · other assets -$402

  • 7d · Net gain or loss

    total -$1,916,702 · excluded -$1,916,702

  • 8a · Fundraising events: gross income

    $1,475

  • 8a · Fundraising events: contributions included on line 1c

    $108,670

  • 8b · Fundraising events: direct expenses

    $15,066

  • 8c · Net income from fundraising events

    total -$13,591 · excluded -$13,591

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $11,009,375 · program services $11,009,375

  • 5 · Compensation of officers, directors and key employees

    total $323,929 · program services $48,991 · management and general $225,947 · fundraising $48,991

  • 7 · Other salaries and wages

    total $272,081 · program services $167,398 · management and general $2,590 · fundraising $102,093

  • 9 · Other employee benefits

    total $45,821 · program services $28,000 · management and general $5,357 · fundraising $12,464

  • 10 · Payroll taxes

    total $42,423 · program services $16,518 · management and general $15,086 · fundraising $10,819

  • 11c · Fees: accounting

    total $33,096 · management and general $33,096

  • 11f · Fees: investment management

    total $102,763 · management and general $102,763

  • 12 · Advertising and promotion

    total $3,778 · fundraising $3,778

  • 13 · Office expenses

    total $79,512 · program services $3,927 · management and general $63,858 · fundraising $11,727

  • 14 · Information technology

    total $28,065 · program services $21,805 · management and general $6,260

  • 16 · Occupancy

    total $120,918 · program services $120,918

  • 19 · Conferences, conventions and meetings

    total $3,844 · program services $69 · management and general $3,775

  • 22 · Depreciation, depletion and amortization

    total $143,825 · program services $142,273 · management and general $1,552

  • 23 · Insurance

    total $44,061 · program services $37,293 · management and general $6,768

  • 24e · All other expenses

    total $7,575 · program services $7,435 · management and general $140

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $11,664,015 · end of year $7,775,342

  • 4 · Accounts receivable

    beginning of year $1,703 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $26,213 · end of year $18,191

  • 10a · Land, buildings and equipment: cost or other basis

    $6,807,161

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,225,283

  • 10c · Land, buildings and equipment, net

    beginning of year $3,712,855 · end of year $3,581,878

  • 11 · Investments: publicly traded securities

    beginning of year $91,340,705 · end of year $85,244,374

  • 12 · Investments: other securities

    beginning of year $13,988,234 · end of year $12,478,950

  • 17 · Accounts payable and accrued expenses

    beginning of year $28,830 · end of year $35,645

  • 18 · Grants payable

    beginning of year $50,000 · end of year $1,000,000

  • 19 · Deferred revenue

    beginning of year $15,900 · end of year $16,400

  • 25 · Other liabilities

    beginning of year $313,216 · end of year $236,379

  • 27 · Net assets without donor restrictions

    beginning of year $64,468,035 · end of year $61,736,251

  • 28 · Net assets with donor restrictions

    beginning of year $55,857,744 · end of year $46,074,060

Mission and programs · 2022

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.

  • PHILANTHROPIC 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 172 charitable funds which supported 292 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 $10,765,409 · Grants $10,753,980 · Revenue $1,465

  • DONALD W. REYNOLDS COMMUNITY NON-PROFIT CENTER: In the year ended December 31, 2022, Parasol provided 42 local non-profit organizations with office space, storage space, meeting room use and other resources. 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 $583,198 · Revenue $56,748

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $255,395 · Grants $255,395

As filed on the 2022 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

  • David Hardie

    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

  • Janice Charlie

    Director

    Total calculated
    $0
    Hours/week
    1

  • Claudia Andersen

    CEO

    Total calculated
    $195,963
    From this org
    $185,000
    From related orgs
    $0
    Other
    $10,963
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $185,000
    Bonus
    $0
    Other
    $0
    Deferred
    $5,550
    Nontaxable benefits
    $5,413
    Filer's total
    $195,963

  • Cari Gutheil

    CFO

    Total calculated
    $127,966
    From this org
    $115,750
    From related orgs
    $0
    Other
    $12,216
    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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 7
The CFO receives a discretionary bonus determined by the Executive Committee.

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

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
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202303179349309485

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.