EIN 88-0362053

The Parasol Tahoe Community Foundation

IRS 501(c) type
501(c)(3)
Num. employees
6
State
Year formed
1996
Most recent tax filings
2023-12-01
NTEE code, primary
Description
The Parasol Tahoe Community Foundation is public charity that is dedicated to supporting the Lake Tahoe region now and into the future. To build prosperity through community leadership, non-profit partnership and donor philanthropy.
Total revenues
$16,435,012
2023
Total expenses
$13,163,419
2023
Total assets
$127,807,391
2023
Num. employees
6
2023

Program areas at The Parasol Tahoe Community Foundation

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 169 charitable funds which supported 339 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.
Discretionary Grantmaking: Parasol's discretionary grants are awarded to respond to critical programs, emerging needs and innovative services for the benefit of our community.
Donald W. Reynolds Community Non-Profit Center: In the year ended December 31, 2023, Parasol provided 43 local non-profit organizations (not including ourselves) with office space, storage space, and meeting room use. 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.

Grants made by The Parasol Tahoe Community Foundation

GranteeGrant descriptionAmount
Carnation FarmsEnvironment$2,455,760
Nevada Museum of Art (NMA)Arts, Culture & Heritage$2,061,000
Sierra Nevada University (SNC)Education & Youth Development$1,167,507
...and 133 more grants made totalling $10,646,978

Who funds The Parasol Tahoe Community Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Elbridge and Debra Stuart Family FoundationUnrestricted$2,353,857
James Stuart Haldan Charitable Foundation 59426-0 / -1 / -2General Purpose$425,381
Southwest Community Foundation (DJCF)Arts, Culture$327,877
...and 21 more grants received totalling $3,657,187

Personnel at The Parasol Tahoe Community Foundation

NameTitleCompensation
Claudia AndersenChief Executive Officer$185,000
Cari GutheilChief Financial Officer$115,750
Natalie ErquiagaDirector of Communications and Outreach
MacKenzie LittleDonor Services Director
Laura RocheProgram Director
...and 7 more key personnel

Financials for The Parasol Tahoe Community Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$15,141,840
Program services$61,056
Investment income and dividends$2,762,580
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-1,530,464
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$16,435,012

Form 990s for The Parasol Tahoe Community Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-15990View PDF
2022-122023-11-13990View PDF
2021-122022-10-06990View PDF
2020-122021-05-25990View PDF
2019-122020-09-22990View PDF
...and 11 more Form 990s
Data update history
November 25, 2024
Received grants
Identified 10 new grant, including a grant for $327,877 from Southwest Community Foundation (DJCF)
July 8, 2024
Received grants
Identified 1 new grant, including a grant for $5,000 from WF Foundation
January 29, 2024
Updated personnel
Identified 1 new personnel
January 21, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 3, 2024
Received grants
Identified 21 new grant, including a grant for $2,353,857 from Elbridge and Debra Stuart Family Foundation
Nonprofit Types
Grantmaking organizationsCorporate foundationsCommunity foundationsCharities
Issues
EducationCommunity improvement
Characteristics
Operates donor advised fundsProvides grantsOperates internationallyEndowed supportTax deductible donationsAccepts online donations
General information
Address
948 Incline Way
Incline Village, NV 89451
Metro area
Reno, NV
County
Washoe County, NV
Website URL
parasol.org/ 
Phone
(775) 298-0100
IRS details
EIN
88-0362053
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1996
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T31: Community Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current
FTB status revoked
Not revoked
AG Registration Number
CT0160491
FTB Entity ID
3276410
AB 488 data last updated ("as-of") date
2025-01-15
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