The Parasol Tahoe Community Foundation Inc
- Assets
- $97.9m
- Revenue
- $15.6m
- Investments
- $12.3m
- Employees
- 7
- Location
- Incline Village, NV
- Founding
- 09/1996
- Data as of
- 12/2020
- EIN
- 88-0362053
Organization Overview
The Parasol Tahoe Community Foundation Inc is located in Incline Village, NV. The organization was established in 1996. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 12/2021, Parasol Tahoe Community Foundation Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parasol Tahoe Community Foundation Inc 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 12/2020, Parasol Tahoe Community Foundation Inc generated $15.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $8.6m during the year ending 12/2020. While expenses have increased by 7.8% per year over the past 6 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.
Since 2016, Parasol Tahoe Community Foundation Inc has awarded 1,058 individual grants totaling $50,257,718. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
CULTIVATING COMMUNITY PHILANTHROPY TO ENHANCE AND PRESERVE THE QUALITY OF LIFE AT TAHOE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 165 CHARITABLE FUNDS WHICH SUPPORTED 298 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.
DONALD W. REYNOLDS COMMUNITY NON-PROFIT CENTER: IN THE YEAR ENDED DECEMBER 31, 2021, PARASOL PROVIDED 36 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.
DISCRETIONARY GRANTMAKING: PARASOL'S DISCRETIONARY GRANTS ARE AWARDED TO RESPOND TO CRITICAL PROGRAMS, EMERGING NEEDS AND INNOVATIVE SERVICES FOR THE BENEFIT OF OUR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Claudia Andersen CEO | Officer | 40 | $173,558 |
Cari Gutheil CFO | Officer | 40 | $108,144 |
Ron Alling Chair | OfficerTrustee | 1 | $0 |
Kevin Hameister Treasurer | OfficerTrustee | 1 | $0 |
Aimee Lafayette Secretary | OfficerTrustee | 1 | $0 |
Catherine Reichenberg Secretary (thru June 2021) | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $95,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,490,407 |
| Noncash contributions included in lines 1a–1f | $1,564,595 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,586,207 |
| Total Program Service Revenue | $106,601 |
| Investment income | $1,674,756 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,266,232 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,633,796 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,538,448 |
| Grants and other assistance to domestic individuals. | $1,757 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $308,155 |
| Compensation of current officers, directors, key employees. | $213,455 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $195,356 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,297 |
| Payroll taxes | $36,146 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,038 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $73,399 |
| Fees for services: Other | $6,848 |
| Advertising and promotion | $3,810 |
| Office expenses | $73,418 |
| Information technology | $37,767 |
| Royalties | $0 |
| Occupancy | $123,362 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $879 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $151,465 |
| Insurance | $31,557 |
| All other expenses | $11,591 |
| Total functional expenses | $8,637,732 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,583,774 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,277 |
| 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 | $21,635 |
| Net Land, buildings, and equipment | $3,853,029 |
| Investments—publicly traded securities | $76,120,007 |
| Investments—other securities | $12,328,512 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,800 |
| Total assets | $97,913,034 |
| Accounts payable and accrued expenses | $45,460 |
| Grants payable | $288,565 |
| Deferred revenue | $15,800 |
| 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 | $313,503 |
| Total liabilities | $663,328 |
| Net assets without donor restrictions | $51,308,116 |
| Net assets with donor restrictions | $45,941,590 |
| 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 | $97,913,034 |
Grants Awarded
Over the last fiscal year, The Parasol Tahoe Community Foundation Inc has awarded $7,154,456 in support to 125 organizations.
| Grant Recipient | Amount |
|---|---|
Carnation, WA PURPOSE: A0: Arts, Culture & Heritage | $1,575,299 |
Incline Village, NV PURPOSE: D0: Education & Youth Development | $769,566 |
Tahoe City, CA PURPOSE: E0: Environment | $504,131 |
Incline Village, NV PURPOSE: D0: Education & Youth Development | $360,450 |
Incline Village, NV PURPOSE: B0: Well-Being | $306,147 |
Las Vegas, NV PURPOSE: B0: Well-Being | $283,300 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Parasol Tahoe Community Foundation Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Offerdahl Family Foundation Incline Village, NV PURPOSE: CULTIVATING COMMUNITY PHILANTHROPY TO ENHANCE AND PRESERVE THE QUALITY OF LIFE AT TAHOE. | $15,000 |
W F Foundation Charleston, SC PURPOSE: TO FURTHER THE MISSION OF THE DONEE | $5,000 |
Endowment Analysis
| Beg. Balance | $13,023,684 |
| Earnings | $1,669,497 |
| Admin Expense | $20,116 |
| Net Contributions | $3,691,600 |
| Other Expense | $611,986 |
| Ending Balance | $17,752,679 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Provenance Duarte, CA | $16,793,106 | $20,000,682 |
Spark Sf Public Schools San Francisco, CA | $15,254,604 | $27,199,561 |
Great Public Schools Now Los Angeles, CA | $20,013,399 | $15,067,311 |
Institute For Supply Management Inc Tempe, AZ | $18,812,365 | $12,909,076 |
Gladstone Foundation San Francisco, CA | $27,923,141 | $22,078,581 |
George Lucas Educational Foundation San Rafael, CA | $6,425,809 | $14,665,129 |
The Parasol Tahoe Community Foundation Inc Incline Village, NV | $97,913,034 | $15,633,796 |
Davidson Institute For Talent Development Incline Village, NV | $2,040,449 | $8,109,259 |
Pueblo Nuevo Education And Development Group Los Angeles, CA | $12,032,883 | $8,677,303 |
Silicon Schools Fund Inc Oakland, CA | $28,590,142 | $9,890,035 |
Alliance College-Ready Public Schools Foundation Los Angeles, CA | $1,948,564 | $6,883,984 |
Friends Of Guadalupe Salt Lake City, UT | $991,216 | $160,574 |