North Lake Tahoe Resort Assoc Inc
- Assets
- $2.5m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 18
- Location
- Tahoe City, CA
- Founding
- 08/1998
- Data as of
- 06/2021
- EIN
- 93-1208751
Organization Overview
North Lake Tahoe Resort Assoc Inc is located in Tahoe City, CA. The organization was established in 1998. According to its NTEE Classification (N03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Recreation & Sports and related organizations. As of 06/2021, North Lake Tahoe Resort Assoc Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Lake Tahoe Resort Assoc Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2021, North Lake Tahoe Resort Assoc Inc generated $2.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $2.7m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE TOURISM AND BENEFIT BUSINESSES THROUGH EFFORTS THAT ENHANCE THE ECONOMIC, ENVIRONMENTAL, RECREATIONAL AND CULTURAL CLIMATE OF THE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARKETING:THE ASSOCIATION MARKETED NORTH LAKE TAHOE EVENTS LIKE THE BROKEN ARROW SKY RACE, LAKE TAHOE DANCE FESTIVAL AND THE SPARTAN NORTH AMERICAN CHAMPIONSHIPS.
CONFERENCE SALES: RESPONSIBLE FOR BRINGING IN GROUPS FROM ALL OVER THE WORLD AND BOOKING THEM IN LOCAL ACCOMODATIONS AROUND THE LAKE.
VISITOR INFORMATION: THE ASSOCIATION OPERATES A VISITOR CENTER IN TAHOE CITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Hentz CEO | 40 | $156,679 | |
Bonnie Bavetta Cfo/interim CEO | 40 | $135,213 | |
Samir Tuma Chairman | Officer | 0 | $0 |
David Lockard Director | Officer | 0 | $0 |
Jon Slaughter Director | Officer | 0 | $0 |
Brett Williams Secretary | Officer | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vail Resorts Event Sponsorship | 6/29/20 | $119,169 |
Spartan Race Inc Event Sponsorship | 6/29/20 | $250,000 |
Vail Resorts Event Sponsorship | 6/29/20 | $119,169 |
Spartan Race Inc Event Sponsorship | 6/29/20 | $250,000 |
Vail Resorts Event Sponsorship | 6/29/20 | $119,169 |
Spartan Race Inc Event Sponsorship | 6/29/20 | $250,000 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,701,739 |
| Investment income | $180 |
| 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 | $55,582 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,757,501 |
| 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. | $297,300 |
| Compensation of current officers, directors, key employees. | $273,798 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $642,414 |
| Pension plan accruals and contributions | $13,941 |
| Other employee benefits | $136,548 |
| Payroll taxes | $70,311 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,340 |
| Fees for services: Accounting | $21,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $120,946 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $182,972 |
| Travel | $2,652 |
| 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 | $1,375 |
| Insurance | $9,621 |
| All other expenses | $156,275 |
| Total functional expenses | $2,728,984 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,855,906 |
| Savings and temporary cash investments | $100,976 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $450,251 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $26,867 |
| Prepaid expenses and deferred charges | $9,287 |
| Net Land, buildings, and equipment | $7,791 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,451,078 |
| Accounts payable and accrued expenses | $1,929,635 |
| Grants payable | $0 |
| Deferred revenue | $20,949 |
| 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 | $1,950,584 |
| Net assets without donor restrictions | $500,494 |
| 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 | $2,451,078 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northern California Golf Association Pebble Beach, CA | $40,731,521 | $12,627,822 |
Southern California Golf Association Studio City, CA | $19,691,283 | $9,238,066 |
North Lake Tahoe Resort Assoc Inc Tahoe City, CA | $2,451,078 | $2,757,501 |
California Park & Recreation Society Inc Sacramento, CA | $1,406,148 | $2,322,085 |
Sleepy Hollow Recreational Assn Inc Orinda, CA | $4,071,881 | $1,842,985 |
Southern California Section Of Pga Ontario, CA | $15,133,775 | $1,694,019 |
National Association Of Industrial & Office Parks Irvine, CA | $943,091 | $612,283 |
Western Fairs Association Inc Sacramento, CA | $400,634 | $463,775 |
Naiop San Diego Chapter Del Mar, CA | $1,139,114 | $485,067 |
Los Angeles Sports Council Inc Santa Monica, CA | $104,820 | $479,589 |
Yolo Sportsmens Association Woodland, CA | $782,946 | $417,584 |
Escondido Fish And Game Association Inc Escondido, CA | $1,210,762 | $366,150 |