Civic Intelligence

Tahoe Fund

990 • Fiscal year 2021 • EIN 01-0974628

Apr 01, 2020 to Mar 31, 2021 • Filed on Feb 02, 2022

PO Box 7124Tahoe City, CA 96145

(775) 298-0035

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

33rd percentile

0.04x

Higher debt load relative to assets than 33% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

35th percentile

0.08x

Higher debt load relative to revenue than 35% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

91st percentile

61%

Higher net margin than 91% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

73rd percentile

$182,655

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 4.1% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

94th percentile

85%

Faster asset growth than 94% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

86th percentile

86%

Faster revenue growth than 86% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Assets

Up

$8,741,450

Up $4,016,799 (+85%) from 2020

Net Assets

Up

$8,380,832

Up $3,691,724 (+79%) from 2020

Liabilities

Up

$360,618

Up $325,075 (+915%) from 2020

Revenue

Up

$4,440,686

Up $2,051,157 (+86%) from 2020

Expenses

Up

$1,711,813

Up $554,998 (+48%) from 2020

Net Income

Up

$2,728,873

Up $1,496,159 (+121%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2012: $375,050Liabilities 2012: $72,867Net Assets 2012: $302,1832012Assets 2013: $403,140Liabilities 2013: $24,705Net Assets 2013: $378,4352013Assets 2014: $815,775Liabilities 2014: $137,491Net Assets 2014: $678,2842014Assets 2015: $2,148,772Liabilities 2015: $25,210Net Assets 2015: $2,123,5622015Assets 2016: $2,591,088Liabilities 2016: $32,929Net Assets 2016: $2,558,1592016Assets 2017: $2,988,037Liabilities 2017: $68,419Net Assets 2017: $2,919,6182017Assets 2018: $3,477,352Liabilities 2018: $54,646Net Assets 2018: $3,422,7062018Assets 2019: $3,780,190Liabilities 2019: $37,841Net Assets 2019: $3,742,3492019Assets 2020: $4,724,651Liabilities 2020: $35,543Net Assets 2020: $4,689,1082020Assets 2021: $8,741,450Liabilities 2021: $360,618Net Assets 2021: $8,380,8322021Assets 2022: $9,891,050Liabilities 2022: $158,433Net Assets 2022: $9,732,6172022Assets 2023: $10,050,978Liabilities 2023: $175,598Net Assets 2023: $9,875,3802023Assets 2024: $12,411,982Liabilities 2024: $95,843Net Assets 2024: $12,316,1392024Assets 2025: $14,900,652Liabilities 2025: $139,938Net Assets 2025: $14,760,7142025

Highlighted filing

2021

Assets$8,741,450
Liabilities$360,618
Net Assets$8,380,832

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0Revenue 2012: $806,114Expenses 2012: $506,819Net Income 2012: $299,2952012Revenue 2013: $509,460Expenses 2013: $472,042Net Income 2013: $37,4182013Revenue 2014: $811,804Expenses 2014: $511,955Net Income 2014: $299,8492014Revenue 2015: $1,877,288Expenses 2015: $432,010Net Income 2015: $1,445,2782015Revenue 2016: $956,638Expenses 2016: $459,653Net Income 2016: $496,9852016Revenue 2017: $1,276,003Expenses 2017: $1,013,277Net Income 2017: $262,7262017Revenue 2018: $1,318,489Expenses 2018: $871,795Net Income 2018: $446,6942018Revenue 2019: $1,390,406Expenses 2019: $1,067,793Net Income 2019: $322,6132019Revenue 2020: $2,389,529Expenses 2020: $1,156,815Net Income 2020: $1,232,7142020Revenue 2021: $4,440,686Expenses 2021: $1,711,813Net Income 2021: $2,728,8732021Revenue 2022: $3,551,350Expenses 2022: $2,038,125Net Income 2022: $1,513,2252022Revenue 2023: $3,198,137Expenses 2023: $2,372,898Net Income 2023: $825,2392023Revenue 2024: $4,115,226Expenses 2024: $2,479,654Net Income 2024: $1,635,5722024Revenue 2025: $5,556,780Expenses 2025: $3,078,333Net Income 2025: $2,478,4472025

Highlighted filing

2021

Revenue$4,440,686
Expenses$1,711,813
Net Income$2,728,873
Jump To
Filing Snapshot
Filing Period
Apr 1, 2020 to Mar 31, 2021
Signed
Feb 2, 2022
Return Version
2020v4.0
Gross Receipts
$4,465,367
Mission and Program Overview

Mission

To use the power of philanthropy to improve the Lake Tahoe environment for all to enjoy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$712,484$1,140,037▲ $427,553
Pledges and Grants Receivable$600,928$909,652▲ $308,724
Prepaid Expenses and Deferred Charges$7,450$13,328▲ $5,878
Land, Buildings, and Equipment, Net$428$0▼ $428
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$4,724,651$8,741,450▲ $4,016,799
Other Assets Total$3,403,361$6,678,433▲ $3,275,072
Liabilities
Accounts Payable and Accrued Expenses$9,173$309,834▲ $300,661
Other Liabilities$26,370$50,784▲ $24,414
Total Liabilities$35,543$360,618▲ $325,075
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,511,557$5,508,022▲ $2,996,465
Net Assets With Donor Restrictions$2,177,551$2,872,810▲ $695,259
Total Net Assets Fund Balance$4,689,108$8,380,832▲ $3,691,724
Total Liabilities and Net Assets / Fund Balance$4,724,651$8,741,450▲ $4,016,799

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$4,265$4,265
Other Land Buildings-$1,100$1,100
Other Assets Org$6,678,433--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$594,806$1,070,740▲ $285,011-$1,950,557
2019$345,077$309,224▼ $59,495-$594,806
2018$90,146$250,000▲ $4,931-$345,077
2017$82,767-▲ $7,379-$90,146
2016$74,523-▲ $8,244-$82,767
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Amy BerryCEOFT$144,323$38,332$182,655

Board Members and Trustees

NameTitle
Allen BiaggiChairman
Cory RitchieVice Chair
Chuck ScharerDirector
Cindy GustafsonDirector
Deb HowardDirector
Jim BoydDirector
Jim PorterDirector
John JonesDirector
Katy Simon HollandDirector
Kevin MarshallDirector
Meg SandmanDirector
Paul FeltonDirector
Scott GillespieDirector
Stacey CrowleyDirector
Stephanie TylerDirector
Terry WattDirector
Tim CashmanDirector
Todd ChapmanDirector
Tom MertensDirector
Julie Motamedi TeelSecretary
Verdi DisesaTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
None Threshold---
Revenue and Support

Revenue Composition

Contributions and Grants
$4,326,345
Program Service Revenue
$870
Investment Income
$137,648
Other Revenue
$-24,177
All Other Contributions
$4,288,331
Change in Net Assets
$2,728,873

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,440,686
Revenue Not Reported on Form 990
$998,722
Total Revenue per Audited Statements
$5,439,408
Total Revenue per Form 990
$4,440,686
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$766,804
Other Expenses$476,364
Salaries, Compensation, and Employee Benefits$468,645
Total Fundraising Expense$185,221
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$766,804--$766,804
Other Salaries and Wages$145,950$38,274$45,709$229,933
Current Officers, Directors, Trustees, and Key Employees$134,104$19,158$38,315$191,577
Fees for Services Other$51,523$75,175$60,245$186,943
Advertising$76,569-$50$76,619
Fees for Services Accounting-$36,925-$36,925
Payroll Taxes$21,780$4,504$6,543$32,827
All Other Expenses$196$15,027$16,671$31,894
Other Expenses$20,700$3,301$13,848$17,149
Other Employee Benefits$9,944$1,283$3,081$14,308
Travel-$4,430-$4,430
Occupancy$2,323$580$726$3,629
Insurance-$3,560-$3,560
Fees for Services Legal-$1,079-$1,079
Depreciation Depletion-$426-$426
Total Functional Expenses$1,291,850$234,742$185,221$1,711,813

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,747,683
Expenses per Audited Statements$1,711,813
Total Expenses per Form 990$1,711,813
Expenses Not Reported on Form 990$35,870
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Nevada State ParksCarson City, NV501c(3)recreation$309,700
Tahoe Area Mt Biking AssocSo Lake Tahoe, CA-recreation$68,576
Lake Tahoe Bicycle CoalitionZephyr Cove, NV501c(3)Recreation$55,159
Tahoe Resource Consv DistrSo Lake Tahoe, CA-Conservation$47,000
Tahoe Rim Trail AssociationStateline, NV-recreation$41,613
Clean Up The CayesStateline, NV501c(3)conservation$40,566
CA Dept of Forestry & Fire PrDavis, CA501c(3)Forest Health$30,960
CA Dept of Parks & RecreationSacramento, CA501c(3)conservation$28,000
UC Davis-Tahoe Envir ResearchIncline Village, NV-stewardship$26,105
Washoe County Sheriff OfficeReno, NV-recreation/rescue improvements$25,000
Adventure Risk ChallengeOakhurst, CA501c(3)stewardship$20,000
Sierra Nevada AllianceSo Lake Tahoe, CA501c(3)stewardship$16,000
SOS OutreachIncline Village, NV501c(3)Stewardship$15,000
UC DavisDavis, CA-stewardship&forest health$7,000
Tahoe Nordic Search & RescueTahoe City, CA-recreation$5,250
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$24,681
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Sandbox StudiosBOD Family Mbrpmts mrktg/web srvsNo$11,124

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$30,309
Funds Held For Others$20,475
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Staff is responsible for preparing the 990 with the aid of a professional accounting firm. The 990 is reviewed by the audit committee before being distributed to the full board for review after which it is submitted to the irs.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Board members are required to re-sign the policy annually and fill out an annual disclosure form at the annual meeting. Board chair reviews all policies and makes the executive committee aware of any conflicts. The board members are required to disclose any new conflicts as soon as they arise.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The CEO's initial salary was set by the board in consultation with an outside hiring agency. The hiring agency did a comparability study of similar organizations in the area. The CEO is reviewed annually by the compensation committee with input from the full board at which time the compensation is reviewed and then subsequently approved by the board as part of the annual budget approval process.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Board members are not compensated and there are no key employees

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND OTHER DOCUMENTS SUBJECT TO PUBLIC DISCLOSURE ARE AVAILABLE UPON REQUEST. All documents are available in pdf and can be emailed or printed and sent via us mail per the preference of the requester. Requests can be made via phone, email, or snail mail.

Filing and Contact Details

Filer

Filer Name
Tahoe Fund
EIN
01-0974628
Phone
7752980035
Address
PO BOX 7124, TAHOE CITY, CA 96145

Signing Officer

Name
Amy Berry
Title
CEO
Signed
2022-02-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amy Berry
Formed
2010
Legal Domicile
CA
Voting Board Members
21
Independent Board Members
20
Employees
4
Volunteers
25

Preparer

Firm
Nicole S Sachse CPA
Address
10666 DOGWOOD RD, TRUCKEE, CA 96161
Preparer
Nicole S Sachse
Phone
5305501536
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

Other program services 4: recreation: the tahoe fund provides grants to critical environment improvement projects in the lake tahoe basin that will create sustainable outdoor recreation. The tahoe fund supported a dozen sustainable recreation projects that will expand trails, expand access to trails, and improve search and rescue operations. The largest grant was for a new visitor center and amphitheater at spooner lake state park in partnership with nevada state parks. Other program services 5: forest health: the tahoe fund provides grants to increase the pace and scale of forest restoration in the tahoe basin to prevent catastrophic wildfire. The tahoe fund granted money to study the use of digital acoustic owl monitoring equipment to reduce the time it takes to permit forest health projects.

Other Changes In Net Assets Or Fund Balances - Other Decreases

Unfulfilled Pledges = -$13516

Part IX Statement of Functional Expenses, Line 25

The fundraising expenses of the organization are much higher on a percentage basis of total expenses than most non-profit organizations because the mission of organization is to raise funds for projects that restore and enhance Lake Tahoe.

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

The Operating Endowment was established in 2015 by the board of directors to support the operating expenses of the organization. The current goal is to build the fund to a minimum of $1,000,000 with reinvestment of earnings and future restricted and unrestricted donations.Beginning with 19/20, a 2nd endowment fund, Trails Endowment, was started with restricted funds received from a donor in support of trail improvements around the Tahoe region. In 20/21, in addition to restricted funds, board designated funds were also added. Tahoe Fund's goal is to grow the fund to $3 million over time. Earnings from this fund are available for use immediately to suport the endowment's purpose.

Part X : FIN48 Footnote

Tahoe Fund is exempt from federal income taxes under the provisions of Internal Revenue Code Section 501(c)(3), and a similar exemption for California purposes. Tahoe Fund is not classified as a private foundation. Unrelated business income, if any, is taxed at regular corporate tax rates.Management believes Tahoe Fund has met the requirements to maintain its tax-exempt status and has no income subject to unrelated business income tax, therefore, no provision for taxes has been provided in these financial statements. Tahoe Funds Federal tax returns for the past three years and State tax returns for the last four years are subject to examination by tax authorities.

Part XII, Line 2D: Other expenses and losses per audited F/S

Unfulfilled Pledges $13516

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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$14.9$0.14$14.8$5.56$3.08$2.48
2024Detailed filing. Detailed filing data is available for this year.$12.4$0.10$12.3$4.12$2.48$1.64
2023Detailed filing. Detailed filing data is available for this year.$10.1$0.18$9.88$3.20$2.37$0.83
2022Detailed filing. Detailed filing data is available for this year.$9.89$0.16$9.73$3.55$2.04$1.51
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.74$0.36$8.38$4.44$1.71$2.73
2020Detailed filing. Detailed filing data is available for this year.$4.72$0.04$4.69$2.39$1.16$1.23
2019Summary only. Only limited summary data is available for this year.$3.78$0.04$3.74$1.39$1.07$0.32
2018Detailed filing. Detailed filing data is available for this year.$3.48$0.05$3.42$1.32$0.87$0.45
2017Detailed filing. Detailed filing data is available for this year.$2.99$0.07$2.92$1.28$1.01$0.26
2016Detailed filing. Detailed filing data is available for this year.$2.59$0.03$2.56$0.96$0.46$0.50
2015Summary only. Only limited summary data is available for this year.$2.15$0.03$2.12$1.88$0.43$1.45
2014Summary only. Only limited summary data is available for this year.$0.82$0.14$0.68$0.81$0.51$0.30
2013Summary only. Only limited summary data is available for this year.$0.40$0.02$0.38$0.51$0.47$0.04
2012Summary only. Only limited summary data is available for this year.$0.38$0.07$0.30$0.81$0.51$0.30
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2021 filings • 501(c)3 • $5M-$10M nonprofits