Overview
What is The Parasol Tahoe Community Foundation Inc?
The Parasol Tahoe Community Foundation Inc, situated in Incline Village, Nevada (89451), is a local philanthropic organization dedicated to strengthening the community by collaborating with donors to enhance the impact of their charitable contributions. Managing 172 charitable funds, they support 292 non-profit organizations in the region. Their mission goes beyond grantmaking; they also act as community leaders, advocating for emerging issues and contributing to the overall prosperity of Tahoe. With a team of six passionate individuals, Parasol Tahoe Community Foundation continues to build charitable resources for the betterment of the community, fostering meaningful philanthropy and open dialogue.
Official website here: www.parasol.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 100%, Four-Star out of Four Star Rating.
The Parasol Tahoe Community Foundation Inc has achieved an exemplary Four-Star rating from Charity Navigator, indicating a strong commitment to accountability and financial health. The charity's score is entirely based on its outstanding performance in the Accountability & Finance beacon, demonstrating transparency and responsible management of resources.
Strengths of the organization include a fully independent board, strong financial oversight practices, and a high program expense ratio of 93.83%, which means that a significant portion of its funding goes directly to its programs rather than administrative costs. Additionally, the foundation has effective policies in place, such as conflict of interest and whistleblower policies, ensuring integrity in its operations.
There are no noted limitations or concerns in the data, highlighting the organization's stability and effectiveness. The Parasol Tahoe Community Foundation Inc appears to be well-managed, with low fundraising costs and long-term financial health evident from its 11.01 years of working capital. Overall, this foundation stands out as a commendable choice for donors seeking to support a financially sound nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is The Parasol Tahoe Community Foundation Inc legitimate?
The Parasol Tahoe Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Parasol Tahoe Community Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $353,489
Professional Fundraising Fees: $0
Other Salaries and Wages: $296,220
For more financial information, click here
Official website here: www.parasol.org
What is the mission statement of The Parasol Tahoe Community Foundation Inc?
The Parasol Tahoe Community Foundation Inc strives to foster community philanthropy and enhance the quality of life through meaningful charitable giving. By partnering with donors and supporting local non-profit organizations, the Foundation aims to create a thriving community. With a vision of inclusive communication and exploration, Parasol currently manages over 170 charitable funds, benefiting 292 organizations. The Foundation's mission is to build a more prosperous future for the community by investing in quality programs and providing community leadership on emerging issues.
Official website here: www.parasol.org
Who is the CEO of The Parasol Tahoe Community Foundation Inc?
Claudia Andersen is the CEO of The Parasol Tahoe Community Foundation Inc The CEO's salary of The Parasol Tahoe Community Foundation Inc is $201,650 and their total compensation is $213,375.
Official website here: www.parasol.org
What is the revenue of The Parasol Tahoe Community Foundation Inc?
The Parasol Tahoe Community Foundation Inc's revenue in 2023 was $16,435,012.
Official website here: www.parasol.org
Who are the executives of The Parasol Tahoe Community Foundation Inc and what are their salaries?
The average compensation at The Parasol Tahoe Community Foundation Inc during 2023 was $108,285. There are 6 employees and 11 volunteers at The Parasol Tahoe Community Foundation Inc.
Here are 13 key members and their salaries (The Parasol Tahoe Community Foundation Inc's CEO's salary is $201,650 and their total compensation is $213,375):
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- Compensation: $201,650
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- Other: $11,725
- Compensation: $120,783
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- Other: $19,330
Official website here: www.parasol.org
Where can I find the form 990 for The Parasol Tahoe Community Foundation Inc?
The Parasol Tahoe Community Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.parasol.org
Learn more at the official website: www.parasol.org
Mission Statement of The Parasol Tahoe Community Foundation Inc
The Parasol Tahoe Community Foundation Inc is a philanthropic organization dedicated to enriching and preserving the quality of life in the community. With a mission that reaches beyond simple charitable giving, Parasol aims to foster meaningful philanthropy, effective communication, and a spirit of collaboration.
In pursuing its vision of a thriving community, Parasol plays a pivotal role in connecting donors with local non-profit organizations. The Foundation works closely with donors to help them direct their charitable contributions towards worthwhile causes, ensuring their philanthropic efforts make a lasting impact. By administering 172 charitable funds, Parasol supports a wide range of programs that align with its mission, benefiting 292 non-profit organizations in total.
As the leading community foundation in the region, Parasol takes on a leadership role in addressing emerging issues and advocating for community needs. It serves as a hub of knowledge and expertise, engaging in dialogue and collaboration with various stakeholders to create positive change. Through its philanthropic services, Parasol empowers donors and non-profit organizations alike, helping to build a vibrant and sustainable community where everyone can thrive.
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Impact
October, 2024
The Parasol Tahoe Community Foundation Inc significantly enhances and preserves the quality of life in the Tahoe region through its focus on community philanthropy. By partnering with donors, Parasol ensures that charitable giving is impactful and meaningful, fostering a culture of giving that directly benefits the local community.
With its administration of 172 charitable funds, Parasol supports a robust network of 292 non-profit organizations, helping to address various community needs. This collaborative approach not only aids in funding quality programs but also strengthens the overall capacity of local organizations to effect positive change.
Furthermore, Parasol plays a vital role in providing community leadership on emerging issues, facilitating inclusive communication, and encouraging exploration of new possibilities. By envisioning a thriving community built on these principles, the foundation works toward sustainable growth and prosperity for the Tahoe area, creating lasting benefits for current and future residents.
This information is meant to be a general summary of The Parasol Tahoe Community Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $2,762,580
- Program Service Revenue: $61,056
- Gross Receipts: $36,010,558
Assets and Liabilities:
- Total Assets: $109,098,735
- Total Liabilities: $1,288,424
- Net Assets: $107,810,311
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Building Use Income
Revenue
$59,348
Organization Details
Founding Year
1996
Principal Officer
Claudia Andersen
Website
www.parasol.orgNTEE Category
Code: B120 - Education
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