Tahoe City Downtown Association Inc
- Assets
- $149.1k
- Revenue
- $230.8k
- Investments
- $0.0
- Employees
- 8
- Location
- Tahoe City, CA
- Founding
- 12/2005
- Data as of
- 12/2021
- EIN
- 51-0526631
Organization Overview
Tahoe City Downtown Association Inc is located in Tahoe City, CA. The organization was established in 2005. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Tahoe City Downtown Association Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tahoe City Downtown Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Tahoe City Downtown Association Inc generated $230.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $183.0k during the year ending 12/2021. While expenses have increased by 1.7% 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 ASSOCIATION IS DEDICATED TO SERVE AS THE LOCAL VOICE IN THE PROMOTION AND ENHANCEMENT OF THE TAHOE CITY COMMUNITY AND ITS BUSINESSES AND TO MAINTAIN A VIBRANT AND PROSPEROUS PLACE TO LIVE, WORK, PLAY AND VISIT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION - THE ASSOCIATION ONCE AGAIN CANCELLED THE FOOD & WINE CLASSIC, 4TH OF JULY FIREWORKS SHOW, AND OKTOBERFEST DUE TO THE COVID PANDEMIC. THE ORGANIZATION SHIFTED TO A SOCIALLY DISTANCED SOLSTICE GOLF TOURNAMENT AND HELD 4 LATE SUMMER CONCERTS ON THE BEACH. RESOURCES WERE SHARED ON STATE AND LOCAL GUIDELINES, FUNDING FOR SMALL BUSINESSES WERE COMMUNICATED AND PPE WAS DISTRIBUTED, AGAIN REGARDING THE PANDEMIC. IN ADDITION THE ASSOCIATION CONTINUED UPDATES ON THE ORGANIZATIONS WEBSITES - VISITTAHOECITY.ORG, AND CONCERTSATCOMMONSBEACH.COM. THE ASSOCIATION ALSO COORDINATED DOWNTOWN BEAUTIFICATION PROJECTS INCLUDING HOLIDAY LIGHTING ON LAMPPOSTS AND TREES, AND HANGING FLOWER BASKETS IN THE SUMMER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robb Olson President | Officer | 0 | $0 |
Sahra Otero Vice President | Officer | 0 | $0 |
Gail Scoville Treasurer | Officer | 0 | $0 |
Kendall Galka Secretary | Officer | 0 | $0 |
Meghan Polite Director | Trustee | 0 | $0 |
Bill Dietz Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,870 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $159,550 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,404 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $179,824 |
| Total Program Service Revenue | $1,040 |
| Investment income | $39 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $16,544 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $230,770 |
| 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. | $36,330 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $62,793 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,380 |
| Payroll taxes | $8,982 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,571 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,761 |
| Office expenses | $1,784 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,000 |
| Travel | $0 |
| 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 | $1,267 |
| Insurance | $9,295 |
| All other expenses | $7,926 |
| Total functional expenses | $183,015 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,322 |
| Savings and temporary cash investments | $57,571 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,580 |
| 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 | $7,598 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $149,071 |
| Accounts payable and accrued expenses | $0 |
| 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 | $4,584 |
| Total liabilities | $4,584 |
| Net assets without donor restrictions | $144,487 |
| 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 | $149,071 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Tahoe City Downtown Association Inc has recieved totaling $20,100.
| Awarding Organization | Amount |
|---|---|
Tahoe Truckee Community Foundation Truckee, CA PURPOSE: ARTS, CULTURE AND CIVIC | $20,000 |
Richard & Sherry Dumke Charitable Foundation Lafayette, CA PURPOSE: TO MAKE TAHOE CITYAMERICAS BEST MOUNTAIN TOWN" | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Thunderbirds Phoenix, AZ | $33,696,955 | $84,390,943 |
California Travel And Tourism Commission Sacramento, CA | $86,955,324 | $75,852,594 |
Semi Milpitas, CA | $100,332,447 | $57,588,828 |
San Diego County Capital Asset Leasing Corporation San Diego, CA | $104,250,616 | $41,735,289 |
Western States Petroleum Association Sacramento, CA | $8,481,739 | $30,827,581 |
Iapmo Research And Testing Inc Ontario, CA | $11,214,766 | $46,736,492 |
Specialty Equipment Market Association Diamond Bar, CA | $151,136,909 | $20,614,542 |
California Dental Association Sacramento, CA | $252,495,901 | $15,890,513 |
Chinatown Service Center Los Angeles, CA | $26,778,687 | $27,867,616 |
Sag-Aftra & Industry Sound Recordings Distribution Fund Valley Village, CA | $48,142,351 | $13,604,136 |
Electric & Gas Industries Association Sacramento, CA | $14,735,713 | $15,175,016 |
American Pistachio Growers Fresno, CA | $11,494,323 | $15,365,842 |