Reno-Tahoe Open Foundation
- Assets
- $54.7k
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 5
- Location
- Reno, NV
- Founding
- 03/2000
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, Reno-Tahoe Open Foundation generated $3.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $3.5m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Reno-Tahoe Open Foundation has awarded 49 individual grants totaling $546,419. 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
2022
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 TOURNAMENT 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 |
|---|---|---|---|
John P Sande IV Director | Trustee | 1 | $0 |
Connie Christiansen Treasurer | OfficerTrustee | 1 | $0 |
Jane Holman Secretary | OfficerTrustee | 1 | $0 |
Kevin Murphy Vice President | OfficerTrustee | 1 | $0 |
Scott Freeman Director | Trustee | 1 | $0 |
Richard James President | OfficerTrustee | 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 | $1,539,457 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,539,457 |
| Total Program Service Revenue | $1,728,978 |
| 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 | $13,061 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,281,496 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $154,661 |
| 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. | $193,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $281,237 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $50,072 |
| Payroll taxes | $51,681 |
| Fees for services: Management | $9,500 |
| 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 | $164,246 |
| Office expenses | $85,520 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,245 |
| Travel | $36,756 |
| 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 | $45,028 |
| All other expenses | $340,079 |
| Total functional expenses | $3,455,582 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,998 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $38,175 |
| 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 | $5,490 |
| 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 | $54,663 |
| Accounts payable and accrued expenses | $97,598 |
| Grants payable | $0 |
| Deferred revenue | $135,110 |
| 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 | $232,708 |
| Net assets without donor restrictions | -$178,045 |
| 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 | $54,663 |
Grants Awarded
Over the last fiscal year, Reno-Tahoe Open Foundation has awarded $133,368 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST TEE PURPOSE: GENERAL SUPPORT | $5,868 |
CARSON ANIMAL SERVICES INITIATIVE (CASI) PURPOSE: 2021 ADMISSIONS | $5,500 |
MARTIS CAMP FOUNDATION PURPOSE: GENERAL SUPPORT | $59,000 |
TRUCKEE FOOTBALL FOUNDATION PURPOSE: CROSSINGS - GENERAL SUPPORT | $6,500 |
TAHOE TRUCKEE COMMUNITY FOUNDATION PURPOSE: GENERAL SUPPORT | $25,000 |
RENO POLICE DEPARTMENT PURPOSE: GENERAL SUPPORT | $6,500 |