Overview
What is Lake Tahoe Ski Club Foundation?
The Lake Tahoe Ski Club Foundation is a nonprofit organization that plays a pivotal role in fostering the growth of young skiers. By offering financial assistance in the form of ski fees, awards, equipment, and supplies, this foundation empowers over 150 athletes to participate in both local and national competitions. This support system significantly contributes to the development of these aspiring skiers, enabling them to showcase their skills on a broader platform.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Stars
The Lake Tahoe Ski Club Foundation has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial management. The overall score of 53% is solely derived from its accountability and finance metrics, which show weaknesses primarily due to a lack of independent board members and missing key governance policies.
Strengths noted include a solid program expense ratio of 82.11%, suggesting that a high percentage of its expenditures go directly towards its programs. Additionally, the organization has no material diversion of assets, reflecting responsible management of its resources. However, the absence of independent board members and missing policies, such as conflict of interest and whistleblower protections, raises red flags about governance practices.
Overall, while the foundation demonstrates some effective financial stewardship, the lack of transparency and governance measures indicates areas that require improvement. Stakeholders may want to consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Lake Tahoe Ski Club Foundation legitimate?
Lake Tahoe Ski Club Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Tahoe Ski Club Foundation 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: $0
Professional Fundraising Fees: $3,045
Other Salaries and Wages: $0
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What is the mission statement of Lake Tahoe Ski Club Foundation?
The Lake Tahoe Ski Club Foundation's mission is centered around fostering the growth of skilled skiers. They achieve this by offering financial assistance, awards, and necessary equipment for both local and national competitions. This support reaches over a hundred and fifty athletes, significantly impacting their skiing journeys.
Who is the CEO of Lake Tahoe Ski Club Foundation?
Dave Mercer is the President of Lake Tahoe Ski Club Foundation.
What is the revenue of Lake Tahoe Ski Club Foundation?
Lake Tahoe Ski Club Foundation's revenue in 2023 was $73,384.
Who are the executives of Lake Tahoe Ski Club Foundation and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Lake Tahoe Ski Club Foundation?
Lake Tahoe Ski Club Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Lake Tahoe Ski Club Foundation
The Lake Tahoe Ski Club Foundation is dedicated to fostering the growth of skiers. Their mission encompasses promoting and backing skier development by offering financial assistance, awards, equipment, and supplies for both local and national competitions. This commitment impacts over 150 athletes, providing them with the necessary resources to excel in their skiing journeys. The foundation's efforts play a significant role in nurturing talent and fostering a love for skiing within the skier community.
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Impact
August, 2024
The Lake Tahoe Ski Club Foundation has a significant impact on skier development by providing support to more than 150 athletes. Through the provision of ski fees, awards, equipment, and supplies for local and national competitions, the foundation plays a crucial role in nurturing and promoting the growth of skiers in the Tahoe City area. Its dedicated efforts contribute to the advancement and success of aspiring skiers, ultimately enriching the local skiing community and fostering a culture of excellence in recreational sports.
This information is meant to be a general summary of Lake Tahoe Ski Club Foundation. 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: $2,854
- Gross Receipts: $87,287
Assets and Liabilities:
- Total Assets: $175,463
- Total Liabilities: $0
- Net Assets: $175,463
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Organization Details
Phone
(530) 581-2043Principal Officer
Dave Mercer
Main Address
PO BOX 435, TAHOE CITY, CA, 96145
NTEE Category
Code: N68 - Recreation
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