Tahoe Prosperity Center
- Assets
- $361.5k
- Revenue
- $617.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Incline Village, NV
- Founding
- 07/2012
- Data as of
- 12/2021
- EIN
- 45-3559172
Organization Overview
Tahoe Prosperity Center is located in Incline Village, NV. The organization was established in 2012. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Tahoe Prosperity Center employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tahoe Prosperity Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Tahoe Prosperity Center generated $617.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.6% each year . All expenses for the organization totaled $599.0k during the year ending 12/2021. While expenses have increased by 18.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE TAHOE PROSPERITY CENTER (TPC) IS AN INNOVATIVE NONPROFIT COLLABORATIVE CREATED TO CHAMPION THE PROSPERITY INITIATIVES IDENTIFIED IN THE 2010 LAKE TAHOE BASIN PROSPERITY PLAN. THE TPCS GOAL IS TO UNITE TAHOES COMMUNITIES TO STRENGTHEN REGIONAL PROSPERITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALERT WILD FIRES IS A NETWORK OF NEARLY 1,000 CAMERAS USED BY FIRST RESPONDERS AND VOLUNTEERS TO DETEECT WILDFIRES BEFORE THEY BECOME TO BIG. IN COLLABORATION BETWEEN MAJOR UNIVERSITIES, FIRST RESPONDERS (CAL FIRE, EMERGENCY SERVICES), FEDERAL AGENCIES (US FOREST SERVICE, BUREAU OF LAND MANAGEMENT), AND MORE, WHO ACTIVELY USE THE STRATEGICALLY PLACED CAMERAS 24/7 TO PROTECT PEOPLE, HOMES, AND THE ENVIRONMENT.
MEASURING FOR PROSPERTIY - THIS IS AN UPDATED STATE OF THE LAKE REPORT FOR ECONOMIC AND COMMUNITY DEMOGRAPHIC DATA.- UPDATED REPORT PUBLISHED IN 2018, WHICH IS INTENDED TO PROVIDE BENCHMARKS FOR ECONOMIC AND SOCIAL INDICATORS IN THE LAKE TAHOE BASIN THAT CAN HELP TO INFORM POLICY DECISIONS TO IMPROVE THE ECONOMIC AND SOCIAL VITALITY OF THE REGION.- TAHOE PROSPERITY PLAN DEFINED THREE INDUSTRY CLUSTERS IN THE TAHOE BASIN: VISITOR SERVICES, ENVIRONMENTAL INNOVATION AND HEALTH AND WELLNESS.
HOUSING TAHOE - STARTED IN APRIL 2018 WITH THE GOAL OF IF YOU HAVE A JOB IN TAHOE, YOU SHOULD BE ABLE TO LIVE IN TAHOE, LOCALLY, - OVER 100 LOCAL COMMUNITY RESIDENTS ARE PARTICIPATING IN THIS PARTNERSHIP TO HELP ADD MORE LOCAL HOUSING OPTIONS. - FACILATATED A SOUTH SHORE HOUSING NEEDS AND OPPORTUNITIES ASSESSMENT AND ACTION PLAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heidi Hill Drum CEO | Officer | 40 | $106,024 |
Todd Cutler Director | OfficerTrustee | 1 | $0 |
Brian Hogan Treasurer | OfficerTrustee | 1 | $0 |
Roger Kahn Director | OfficerTrustee | 1 | $0 |
Frank Gerdeman Co Chair | OfficerTrustee | 1 | $0 |
Jesse Walker Director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $119,677 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $119,677 |
| Total Program Service Revenue | $3,000 |
| Investment income | $6 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $617,563 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $192,462 |
| Compensation of current officers, directors, key employees. | $68,725 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $22,706 |
| Fees for services: Management | $28,566 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $89 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,691 |
| Office expenses | $12,257 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,558 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,022 |
| All other expenses | $5,168 |
| Total functional expenses | $599,005 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $284,873 |
| Savings and temporary cash investments | $51,134 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,500 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $361,507 |
| Accounts payable and accrued expenses | $126,415 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $990 |
| Total liabilities | $127,405 |
| Net assets without donor restrictions | $234,102 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $361,507 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tahoe Prosperity Center has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Offerdahl Family Foundation Incline Village, NV PURPOSE: UNITING TAHOES COMMUNITIES TO STRENGTHEN REGIONAL PROSPERITY | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cplc Texas Inc Phoenix, AZ | $13,673,290 | $82,582,605 |
Community Investment Corporation Tucson, AZ | $12,041,358 | $40,472,550 |
Accion Opportunity Fund Community Development San Jose, CA | $200,481,759 | $53,600,614 |
Mission Asset Fund San Francisco, CA | $54,523,090 | $57,826,731 |
Civic San Diego San Diego, CA | $12,596,747 | $8,835,597 |
Rocky Mountain Community Reinvestment Corporation Salt Lake City, UT | $241,166,960 | $12,007,635 |
Csac Finance Corporation Sacramento, CA | $22,360,310 | $12,934,423 |
Ampac Tri-State Cdc Inc Ontario, CA | $22,461,621 | $9,676,882 |
Southeast Idaho Council Of Governments Pocatello, ID | $3,930,475 | $5,896,264 |
Local First Arizona Foundation Phoenix, AZ | $3,232,104 | $5,988,087 |
Inclusive Action For The City Los Angeles, CA | $6,839,271 | $6,785,637 |
Genesis La Economic Growth Corporation Los Angeles, CA | $84,073,617 | $20,248,596 |