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Community Development : Community Foundations

Parasol Tahoe Community Foundation

Building prosperity through leadership, partnership and philanthropy

four stars

100.00

948 Incline Way Incline Village, NV 89451
tel: (775) 298-0100   Web Site
EIN: 88-0362053

Board Leadership
Ron Alling
Chair

CEO
Claudia Andersen
CEO

  Score
(out of 100)
Rating
Overall Score & Rating 100.00 four stars
  Financial 100.00 four stars
  Accountability & Transparency 100.00 four stars
This rating was published 12/23/2020 and includes data from FY2019, the most recent 990 received at that time.

Parasol Tahoe Community Foundation was founded in 1996 to be a unique foundation that serves the Lake Tahoe community by promoting philanthropy and non-profit collaboration. We exist not to support a single organization, but to address the broadest range of charitable issues by building a perpetual source of community capital. We manage charitable funds for individuals, families, businesses and organizations that turn to us to help fulfill their philanthropic intent. The Parasol Tahoe Community Foundation (PTCF) provides leadership in the Lake Tahoe Basin as an effective, independent arena for addressing difficult issues and advocating for needed programs, services or policies.

Parasol Tahoe Community Foundation was founded in 1996 to be a unique foundation that serves the Lake Tahoe community by promoting philanthropy and non-profit collaboration. We exist not to support a single organization, but to address the broadest range of charitable issues by building a perpetual source of community capital. We manage charitable funds for individuals, families, businesses and organizations that turn to us to help fulfill their philanthropic intent. The Parasol Tahoe Community Foundation (PTCF) provides leadership in the Lake Tahoe Basin as an effective, independent arena for addressing difficult issues and advocating for needed programs, services or policies.

Financial

four stars

100.00

Accountability & Transparency

four stars

100.00

This rating was published 12/23/2020 and includes data from FY2019, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
93.6%
  Administrative Expenses 4.5%
  Fundraising Expenses 1.7%
  Fundraising Efficiency $0.02
  Working Capital Ratio (years) 9.77
  Program Expenses Growth 20.4%
  Liabilities to Assets 0.8%
All data for Financial Performance Metrics calculations was provided by Parasol Tahoe Community Foundation on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Parasol Tahoe Community Foundation on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Parasol Tahoe Community Foundation (NV) 100.00 four stars
Greater Cincinnati Foundation (OH) 93.63 four stars
Orange County Community Foundation (CA) 93.11 four stars
Williamsburg Community Foundation (VA) 87.95 three stars
McPherson County Community Foundation (KS) 90.58 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $7,405,442
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $176,000
   Related Organizations $0
   Government Grants $0
Total Contributions $7,581,442
   Program Service Revenue $65,992
Total Primary Revenue $7,647,434
   Other Revenue $2,956,349
TOTAL REVENUE $10,603,783
   
EXPENSES  
   Program Expenses $9,988,440
   Administrative Expenses $311,022
   Fundraising Expenses $142,564
TOTAL FUNCTIONAL EXPENSES $10,442,026
   
Payments to Affiliates $0
Excess (or Deficit) for the year $161,757
   
Net Assets $80,116,538

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Donor Services $9,264,267 92.7%
Donald W. Reynolds Community Non-Profit Center $585,356 5.9%
Discretionary Grants $138,817 1.4%

Ratings History
Parasol Tahoe Community Foundation has received 9 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-12 12/23/2020 100.00 four stars
2018-12 10/01/2019 96.78 four stars
2017-12 12/21/2018 92.68 four stars
2016-12 06/01/2018 99.85 four stars
2016-12 04/01/2018 92.22 four stars
2015-06 07/01/2016 99.96 four stars
2014-06 06/01/2016 99.96 four stars
 
CN 2.0
2014-06 09/01/2015 99.32 four stars
2013-06 07/01/2014 97.80 four stars
2012-06 09/01/2013 98.47 four stars
2011-06 11/06/2012 93.87 four stars
2011-06 06/01/2012 93.25 four stars
2010-06 09/20/2011 86.15 three stars
 
CN 1.0
2009-06 08/01/2010 91.98 four stars
2008-06 10/01/2009 89.17 three stars
2007-06 11/01/2008 99.32 four stars
2006-06 06/01/2008 93.56 four stars
2005-06 04/01/2006 76.33 two stars
2004-06 05/01/2005 88.92 three stars
2003-06 08/01/2004 67.63 one star

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 88-0362053
Name in IRS Master File THE PARASOL TAHOE COMMUNITY FOUNDATION INC
NTEE Code B12
NTEE Classification Fund Raising and/or Fund Distribution
NTEE Type Educational Institutions and Related Activities
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (994) Described in section 170(b)1)(a)(vi) of the Code
(352) Land acquisition for preservation
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date September, 1996
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2017
  • December, 2016
  • December, 2015
  • June, 2015
  • June, 2014
Compensation % of Expenses Paid to Title
$164,833 1.57% Claudia Andersen CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
Parasol Tahoe Community Foundation (NV) 100.00 four stars
Community Foundation for the Fox Valley Region (WI) 93.93 four stars
Community Foundation of New Jersey (NJ) 98.23 four stars
Central Indiana Community Foundation (IN) 94.52 four stars
Miami Foundation (FL) 93.79 four stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Parasol Tahoe Community Foundation
948 Incline Way
Incline Village, NV 89451
tel: (775) 298-0100
fax: (775) 298-0099
EIN: 88-0362053

Visit Web Site

Board Leadership

Ron Alling
Chair

CEO

Claudia Andersen
CEO

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