Reno-Tahoe Open Foundation
- Assets
- $100.6k
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 5
- Location
- Reno, NV
- Founding
- 03/2000
- Data as of
- 12/2021
- EIN
- 88-0412314
Organization Overview
Reno-Tahoe Open Foundation is located in Reno, NV. The organization was established in 2000. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Reno-Tahoe Open Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reno-Tahoe Open Foundation 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 12/2021, Reno-Tahoe Open Foundation generated $4.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $4.5m during the year ending 12/2021. While expenses have increased by 2.5% per year over the past 7 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 2014, Reno-Tahoe Open Foundation has awarded 42 individual grants totaling $413,051. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ORGANIZE AN ANNUAL PGA SANCTIONED GOLF TOURAMENT FOR THE ENJOYMENT OF THE PUBLIC AND TO FOCUS ATTENTION ON AND SUPPORT OTHER LOCAL 501(C)(3) CHARTIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OF AN ANNUAL PGA TOUR SANCTIONED GOLF TOURNAMMENT THAT 1) CONTRIBUTES POSITIVELY TO THE QUALITY OF LIFE IN OUR COMMUNITY; 2) PROVIDES A NATIONAL FUNDRAISING TOOL TO FOCUS ATTENTION ON THE VARIOUS 501(C)(3) CHARITIES THAT THE TOURNAMENT WILL BENEFIT; 3) PROMOTE VOLUNTEERISM AND 4) PROVIDE A POSITIVE ECONOMIC IMPACT TO THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Hoff Executive Director | 40 | $185,000 | |
Mark Maurer Treasurer | OfficerTrustee | 1 | $0 |
Jane Holman Secretary | OfficerTrustee | 1 | $0 |
Richard James President | OfficerTrustee | 1 | $0 |
John P Sande IV Director | Trustee | 1 | $0 |
Joshua Hicks Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $92,017 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,230,645 |
| Noncash contributions included in lines 1a–1f | $1,797,645 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,322,662 |
| Total Program Service Revenue | $1,197,015 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $29,373 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,549,050 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $86,650 |
| 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. | $185,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $349,879 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $8,400 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $111,345 |
| Office expenses | $85,775 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,988 |
| Travel | $22,137 |
| 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 | $27,517 |
| All other expenses | $541,618 |
| Total functional expenses | $4,480,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,820 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,040 |
| 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 | $31,770 |
| 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 | $100,630 |
| Accounts payable and accrued expenses | $55,524 |
| Grants payable | $0 |
| Deferred revenue | $49,065 |
| 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 | $104,589 |
| Net assets without donor restrictions | -$3,959 |
| Net assets with donor restrictions | $0 |
| 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 | $100,630 |
Grants Awarded
Over the last fiscal year, Reno-Tahoe Open Foundation has awarded $64,291 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Truckee, CA PURPOSE: GENERAL SUPPORT | $32,000 |
Las Vegas, NV PURPOSE: GENERAL SUPPORT | $8,237 |
Elko, NV PURPOSE: GENERAL SUPPORT | $6,554 |
TRUCKEE FOOTBALL FOUNDATION PURPOSE: CROSSINGS - GENERAL SUPPORT | $6,500 |
Elko, NV PURPOSE: GENERAL SUPPORT | $5,500 |
Carson City, NV PURPOSE: 2021 ADMISSIONS | $5,500 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Reno-Tahoe Open Foundation has recieved totaling $210,020.
| Awarding Organization | Amount |
|---|---|
Pga Tour Inc Ponte Vedra Beach, FL PURPOSE: GENERAL SUPPORT | $175,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $20 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Green Hills Memorial Park Endowment Care Trust Fund Rancho Palos Verdes, CA | $83,462,233 | $9,095,852 |
Reno-Tahoe Open Foundation Reno, NV | $100,630 | $4,549,050 |
Valley Of The Sun Bowl Foundation Scottsdale, AZ | $1,083,776 | $4,579,117 |
Outward Bound California San Francisco, CA | $5,260,897 | $5,231,373 |
Los Angeles Parks Foundation Los Angeles, CA | $6,042,813 | $2,779,556 |
The Scga Foundation Studio City, CA | $5,068,543 | $2,522,992 |
Truckee Meadows Parks Foundation Reno, NV | $433,381 | $1,831,292 |
Youth Tennis San Diego San Diego, CA | $3,088,296 | $1,446,054 |
Elings Park Foundation Santa Barbara, CA | $8,528,099 | $3,756,645 |
Vegas Jr Golden Knights Foundation Inc Las Vegas, NV | $277,565 | $1,461,319 |
Death Valley Conservancy Pasadena, CA | $30,770,823 | $2,218,729 |
Chehalem Center Association Newberg, OR | $6,548,447 | $1,208,781 |