Lake Tahoe Visitors Authority Inc
- Assets
- $12.2m
- Revenue
- $9.1m
- Investments
- $0.0
- Employees
- 15
- Location
- Stateline, NV
- Founding
- 12/1987
- Data as of
- 06/2023
- EIN
- 68-0102829
Organization Overview
Lake Tahoe Visitors Authority Inc is located in Stateline, NV. The organization was established in 1987. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Lake Tahoe Visitors Authority Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Tahoe Visitors Authority Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2023, Lake Tahoe Visitors Authority Inc generated $9.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $8.3m during the year ending 06/2023. While expenses have increased by 6.7% 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.
Since 2015, Lake Tahoe Visitors Authority Inc has awarded 35 individual grants totaling $272,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF TRAVEL AND TOURISM IN THE SOUTH LAKE TAHOE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF TRAVEL AND TOURISM OF THE LAKE TAHOE AREA YEAR ROUND RESULTING IN POSITIVE ECONOMIC IMPACT TO THE COMMUNITY. PROGRAMS INCLUDE ADVERTISING, SALES, MARKETING, PUBLIC RELATIONS, SPECIAL EVENTS AND VISITOR INFORMATION SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Bindel Chair | OfficerTrustee | 1 | $0 |
Tom Fortune Treasurer | OfficerTrustee | 1 | $0 |
Bill Cottrill Secretary | OfficerTrustee | 1 | $0 |
Wesley Rice Director | Trustee | 1 | $0 |
Cody Bass Director | Trustee | 1 | $0 |
Corinna Osbourne Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Noble Studios Advertising | 6/29/23 | $2,707,955 |
Milthorpe Sports Llc Event (Acc) | 6/29/23 | $1,336,528 |
Edgewood Companies Event Hosting (Acc Held On Property) | 6/29/23 | $325,000 |
Weidinger Pr Public Relations | 6/29/23 | $213,605 |
Nbc Sports Ventures Inc Event (Acc) | 6/29/23 | $415,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,611,417 |
| All other contributions, gifts, grants, and similar amounts not included above | $125,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,736,417 |
| Total Program Service Revenue | $2,056,973 |
| Investment income | $300,254 |
| 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 | $9,093,644 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $125,000 |
| 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. | $352,903 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $584,108 |
| Pension plan accruals and contributions | $22,204 |
| Other employee benefits | $85,581 |
| Payroll taxes | $146,381 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,706 |
| Fees for services: Accounting | $27,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,143,849 |
| Advertising and promotion | $1,510,602 |
| Office expenses | $276,053 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,366 |
| Travel | $5,427 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $41,948 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,068 |
| Insurance | $10,076 |
| All other expenses | $424,493 |
| Total functional expenses | $8,268,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,799,890 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $545,335 |
| 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 | $1,791,683 |
| Net Land, buildings, and equipment | $34,973 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,171,881 |
| Accounts payable and accrued expenses | $751,281 |
| Grants payable | $0 |
| Deferred revenue | $1,293,934 |
| 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 | $0 |
| Total liabilities | $2,045,215 |
| Net assets without donor restrictions | $10,018,004 |
| Net assets with donor restrictions | $108,662 |
| 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 | $12,171,881 |
Grants Awarded
Over the last fiscal year, Lake Tahoe Visitors Authority Inc has awarded $70,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUB OF LAKE TAHOE PURPOSE: ACC 2023 Community Grant | $15,000 |
BREAD AND BROTH PURPOSE: ACC 2023 Community Grant | $11,000 |
CLEAN UP THE CAYES PURPOSE: ACC 2023 Community Grant | $6,000 |
LAKE TAHOE UNIFIED SCHOOL DISTRICT PURPOSE: ACC 2023 Community Grant | $10,000 |
TAHOE DOUGLAS FIRE PROTECTION PURPOSE: ACC 2023 Community Grant | $15,000 |
TAHOE AREA MOUNTAIN BIKING ASSOCIATION PURPOSE: ACC 2023 Community Grant | $8,000 |