Tahoe Prosperity Center
- Assets
- $203.6k
- Revenue
- $552.6k
- Investments
- $0.0
- Employees
- 7
- Location
- Incline Village, NV
- Founding
- 07/2012
- Data as of
- 12/2023
- EIN
- 45-3559172
Organization Overview
Tahoe Prosperity Center is located in Incline Village, NV. The organization was established in 2012. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Tahoe Prosperity Center employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tahoe Prosperity Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Tahoe Prosperity Center generated $552.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.4% each year . All expenses for the organization totaled $691.9k during the year ending 12/2023. While expenses have increased by 20.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE TAHOE PROSPERITY CENTER (TPC) IS AN INNOVATIVE NONPROFIT COLLABORATIVE CREATED TO CHAMPION THE PROSPERITY INITIATIVES IDENTIFIED IN THE 2010 LAKE TAHOE BASIN PROSPERITY PLAN. THE TPCS GOAL IS TO UNITE TAHOES COMMUNITIES TO STRENGTHEN REGIONAL PROSPERITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALERT TAHOE - ALERTWILDFIRE IS A NETWORK OF NEARLY 1,000 SPECIALIZED CAMERA INSTALLATIONS USED BY FIRST RESPONDERS AND VOLUNTEERS TO DETECT WILDFIRES BEFORE THEY BECOME TOO BIG. THE CAMERAS ALSO SUPPORT CRITICAL EVACUATION AND FIREFIGHTING EFFORTS BY RELAYING REAL-TIME INFORMATION WHEN ITS NEEDED MOST. ALERTWILDFIRE IS A COLLABORATION BETWEEN MAJOR UNIVERSITIES, FIRST RESPONDERS (CAL FIRE, EMERGENCY SERVICES), FEDERAL AGENCIES (US FOREST SERVICE, BUREAU OF LAND MANAGEMENT), AND MORE, WHO ACTIVELY USE THE STRATEGICALLY PLACED CAMERAS 24/7 TO PROTECT PEOPLE, HOMES, AND THE ENVIRONMENT.
ENVISION TAHOE - IN 2021, THE TAHOE PROSPERITY CENTER WAS SELECTED BY THE U.S. ECONOMIC DEVELOPMENT ADMINISTRATION TO FACILITATE A REGIONAL ECONOMIC RECOVERY AND RESILIENCY STRATEGY FOR THE PEOPLE OF THE TAHOE-TRUCKEE REGION BASED UPON ITS ONGOING WORK WITH PARTNERS IN HOUSING, BROADBAND, AND WORKFORCE DEVELOPMENT. THE ORGANIZATION LAUNCHED ENVISION TAHOE: PROSPERITY PLAN 2.0. THIS WORK BEGAN WITH AN INITIAL REPORT TO ANALYZE BASELINE CONDITIONS, FOLLOWED BY A SECOND REPORT THAT COLLECTED AND SYNTHESIZED INPUT FROM STAKEHOLDERS THROUGHOUT THE TAHOE COMMUNITY. IN JUNE 2022, THE ORGANIZATION RELEASED ITS ENVISION TAHOE PROSPERITY PLAYBOOK, A SHARED ACTION PLAN FOR ECONOMIC RESILIENCE, INVESTMENT AND COMMUNITY INCLUSION.
HOUSING TAHOE - THE TAHOE PROSPERITY CENTER INITIATED THE HOUSING TAHOE PARTNERSHIP IN APRIL 2018 IN ORDER TO PROMOTE THE PROPOSITION THAT IF YOU WORK IN TAHOE, YOU SHOULD BE ABLE TO LIVE IN TAHOE. LOCAL JURISDICTIONS, BUSINESSES, FOUNDATIONS, AND OVER 100 RESIDENTS FROM THE SOUTH SHORE HELPED THE ORGANIZATION IDENTIFY STRATEGIES TO ADD MORE LOCAL HOUSING OPTIONS AS PART OF THIS EFFORT. BASED UPON THAT PARTNERSHIPS SUCCESSFUL EFFORTS, THE ORGANIZATION COORDINATED THE WASHOE TAHOE HOUSING PARTNERSHIP THAT RESULTED IN THE WASHOE TAHOE HOUSING NEEDS ASSESSMENT FOR THE INCLINE VILLAGE AND THE CRYSTAL BAY AREAS OF LAKE TAHOE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heidi Hill Drum CEO | Officer | 40 | $127,200 |
Tamara Wallace Director | Trustee | 1 | $0 |
Stephanie Casteel Director | Trustee | 1 | $0 |
Jesse Walker Director | Trustee | 1 | $0 |
Laura Metune Director | Trustee | 1 | $0 |
Stacy Caldwell Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $498,566 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $498,566 |
| Total Program Service Revenue | $53,155 |
| Investment income | $832 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $552,553 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $359,352 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $27,422 |
| Fees for services: Management | $27,242 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,229 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,257 |
| Office expenses | $5,378 |
| Information technology | $793 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,819 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $136,699 |
| Total functional expenses | $691,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,521 |
| Savings and temporary cash investments | $58,700 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $92,398 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $203,619 |
| Accounts payable and accrued expenses | $9,389 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $75,132 |
| Total liabilities | $84,521 |
| Net assets without donor restrictions | $102,917 |
| Net assets with donor restrictions | $16,181 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $203,619 |