PLATINUM2023

TAHOE PROSPERITY CENTER

Uniting Tahoe’s Communities to Strengthen Regional Prosperity

Incline Village, NV   |  http://tahoeprosperity.org
GuideStar Charity Check

TAHOE PROSPERITY CENTER

EIN: 45-3559172


Mission

Uniting Tahoe's Communities to Strengthen Regional Prosperity. We serve the entire Lake Tahoe Basin including California, Nevada and six local government jurisdictions.

Ruling year info

2012

Executive Director

Heidi Hill Drum

Main address

948 Incline Way

Incline Village, NV 89451 USA

Show more contact info

EIN

45-3559172

Subject area info

Economic development

Urban development

Rural development

Community organizing

Population served info

Adults

Families

Economically disadvantaged people

Low-income people

NTEE code info

Community Coalitions (S21)

Rural (S32)

Urban, Community (S31)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

What we aim to solve

SOURCE: Self-reported by organization

The Tahoe Prosperity Center is focused on creating a Lake Tahoe where anyone can live, work, play, and thrive. In order to make this beautiful region a truly inclusive community, we are working to establish attainable workforce housing, higher wage and less seasonal job opportunities, reliable and robust internet, and a safe Basin equipped with fire safety cameras - all driven by locally focused, topical community indicators data. We collaborate regionally with local businesses, jurisdictions, non-profits, and community members to advance data-driven initiatives that better the environment, community, and economy for everyone living and working here. As an example of direct community work, we hosted a series of public forums and workshops regarding our Housing Action Plan which was developed with 22 community partners to establish attainable housing in the region.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Broadband - Digital Delivery

Our Connected Tahoe project is focused on expanding high speed internet and cell phone coverage in the region.

Population(s) Served
Families
Economically disadvantaged people

In a unique public-private partnership with the University of Nevada, Reno, this program adds fire prevention cameras to specific locations throughout the region to protect Tahoe's communities from catastrophic wildfire.

Population(s) Served

Continue to update the Tahoe-specific community and economic indicators as part of the Measuring for Prosperity report.

Population(s) Served
Adults

This project is focused on better understanding Tahoe’s current employment situation, determining future needs, and ensuring that Tahoe can attract and retain a talented workforce for high-quality jobs.

Population(s) Served
Adults

The Tahoe Prosperity Center is the facilitator of the Housing Tahoe Partnership – a collaborative of key stakeholders in the Lake Tahoe region. Our vision is transforming local housing options so that residents and workers can live, work and thrive in Lake Tahoe. We are accelerating housing solutions.

Population(s) Served
Families
Economically disadvantaged people

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 because of our consistent work with our partners in housing, broadband, and workforce development. We launched Envision Tahoe. 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 Envision Tahoe effort culminated in the “Prosperity Playbook.” The Playbook lays out a vision the economy our community desires to have in the future: diversified, resilient, and inclusive. Importantly, it creates an opportunity to make progress in many, connected areas through collaboration, measurement and accountability. Now we are focused on community action to achieve a more diversified, resilient and inclusive economy for all.

Population(s) Served
Families
Families
Ethnic and racial groups
Caregivers
Economically disadvantaged people
Immigrants and migrants

Where we work

Affiliations & memberships

CA Stewardship Network Co-Chair 2020

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of jobs created and maintained

This metric is no longer tracked.
Totals By Year
Population(s) Served

Work status and occupations

Related Program

Envision Tahoe

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Our entire program of work involves the following key areas:
• AlertTahoe – adding fire prevention cameras to strategic locations around the lake to protect Tahoe's communities from wildfire. (http://tahoeprosperity.org/alerttahoe/)
• Community Revitalization - accelerating environmental redevelopment progress to get rid of the blight harming our environment and to encourage private investment in the region toward more thriving towns. (http://tahoeprosperity.org/community-revitalization/)
• Connected Tahoe – expanding high speed internet and cell coverage in the region. (http://tahoeprosperity.org/connected-tahoe/)
• Measuring for Prosperity – the only consolidated place to find Tahoe-specific community and economic indicator data. (http://tahoeprosperity.org/prosperity/)
• Workforce Tahoe – implementing workforce development strategies that will help improve opportunities for local workers and for businesses to thrive. (http://tahoeprosperity.org/workforcetahoe/)

Our goal is to unite the Tahoe Basin by working collaboratively, across boundaries, with a fresh innovative approach that focuses on accelerating positive change. We involve the community and its leaders when considering economic planning and policy making. We seek balance between environmental protection and environmentally sensitive redevelopment.

Our executive director has expertise in implementation of consensus-based solutions, which make her especially suited to the Tahoe Prosperity Center mission of uniting Tahoe's communities to strengthen regional prosperity. She has more than 25 years experience in public policy, communications and collaboration with non-profit organizations, businesses, academia and government agencies.

Our board of directors represents every government jurisdiction in the Tahoe Basin, local business organizations, non-profit organizations, area colleges and schools as well as other non-profit groups. We have the right people at the table to ensure implementation of our strategies.

We are working to expand high speed internet and cell phone coverage in the region.

We have 11 fire prevention cameras installed as part of AlertTahoe - early detection of fire to prevent loss of life and property in the region.

We updated the Measuring for Prosperity report and will continue to update with the most recent information as we can.

Next up is a Lake Tahoe Recovery and Resiliency plan to help local workers and businesses adapt to the current pandemic climate and improve our economic diversity.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We demonstrated a willingness to learn more by reviewing resources about feedback practice.
done We shared information about our current feedback practices.
  • How is your organization using feedback from the people you serve?

    To inform the development of new programs/projects, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve

  • Which of the following feedback practices does your organization routinely carry out?

    We collect feedback from the people we serve at least annually, We take steps to get feedback from marginalized or under-represented people, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We look for patterns in feedback based on demographics (e.g., race, age, gender, etc.), We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive

  • What challenges does the organization face when collecting feedback?

    It is difficult to get the people we serve to respond to requests for feedback, It is difficult to find the ongoing funding to support feedback collection

Financials

TAHOE PROSPERITY CENTER
Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

4.40

Average of 10.26 over 8 years

Months of cash in 2022 info

SOURCE: IRS Form 990

7.6

Average of 4.2 over 8 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

9%

Average of 8% over 8 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

TAHOE PROSPERITY CENTER

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

TAHOE PROSPERITY CENTER

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

TAHOE PROSPERITY CENTER

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of TAHOE PROSPERITY CENTER’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation $16,482 $111,044 -$7,219 $18,558 $35,524
As % of expenses 4.8% 29.5% -2.2% 3.1% 7.8%
Unrestricted surplus (deficit) after depreciation $16,482 $111,044 -$7,219 $18,558 $35,524
As % of expenses 4.8% 29.5% -2.2% 3.1% 7.8%
Revenue composition info
Total revenue (unrestricted & restricted) $359,108 $487,531 $321,249 $617,563 $531,461
Total revenue, % change over prior year 15.7% 35.8% -34.1% 92.2% -13.9%
Program services revenue 10.3% 9.1% 9.7% 0.5% 6.4%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.0% 0.1% 0.2% 0.0% 0.0%
Government grants 50.5% 28.1% 85.9% 19.4% 28.0%
All other grants and contributions 39.1% 62.6% 4.2% 0.0% 0.0%
Other revenue 0.1% 0.1% 0.0% 80.1% 65.6%
Expense composition info
Total expenses before depreciation $342,626 $376,487 $328,394 $599,005 $457,818
Total expenses, % change over prior year 11.4% 9.9% -12.8% 82.4% -23.6%
Personnel 55.8% 44.2% 54.5% 35.9% 57.2%
Professional fees 2.8% 3.8% 0.0% 4.8% 6.3%
Occupancy 0.0% 0.0% 0.0% 0.0% 0.0%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 0.0% 0.0% 0.0% 0.0% 0.0%
All other expenses 41.4% 52.0% 45.5% 59.3% 36.5%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $342,626 $376,487 $328,394 $599,005 $457,818
One month of savings $28,552 $31,374 $27,366 $49,917 $38,152
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $0 $0 $0 $0
Total full costs (estimated) $371,178 $407,861 $355,760 $648,922 $495,970

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 2.4 7.3 6.8 6.7 7.6
Months of cash and investments 2.4 7.3 6.8 6.7 7.6
Months of estimated liquid unrestricted net assets 4.2 7.3 8.1 4.7 7.1
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $67,490 $229,225 $186,684 $336,007 $290,248
Investments $0 $0 $0 $0 $0
Receivables $56,269 $49,097 $41,050 $25,500 $58,620
Gross land, buildings, equipment (LBE) $2,270 $2,270 $2,270 $2,270 $2,270
Accumulated depreciation (as a % of LBE) 100.0% 100.0% 100.0% 100.0% 100.0%
Liabilities (as a % of assets) 4.0% 17.4% 2.3% 35.2% 22.7%
Unrestricted net assets $118,769 $229,813 $222,594 $234,102 $269,626
Temporarily restricted net assets $0 N/A N/A N/A N/A
Permanently restricted net assets $0 N/A N/A N/A N/A
Total restricted net assets $0 $0 $0 $0 $0
Total net assets $118,769 $229,813 $222,594 $234,102 $269,626

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

Executive Director

Heidi Hill Drum

Heidi Hill Drum has more than 25 years’ experience in public policy, communications and collaboration with government agencies, non-profit organizations, academia and business associations. Her background includes facilitating consensus-based solutions with government agencies and the public on issues ranging from California water disputes, public lands grazing, natural resources, transportation and economic planning. She has expertise implementing collaborative solutions, which make her especially suited to the role of CEO and the Tahoe Prosperity Center’s mission of uniting Tahoe’s communities to strengthen regional prosperity.

Number of employees

Source: IRS Form 990

TAHOE PROSPERITY CENTER

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

TAHOE PROSPERITY CENTER

Board of directors
as of 06/07/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board co-chair

Ms Alexis Hill

Washoe County

Term: 2024 - 2023


Board co-chair

Roger Rempfer

Chase Real Estate

Term: 2023 - 2024

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Organizational demographics

SOURCE: Self-reported; last updated 1/24/2023

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Gender identity
Female

Race & ethnicity

No data

Gender identity

Transgender Identity

Sexual orientation

No data

Disability

No data

Equity strategies

Last updated: 01/28/2021

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Data
  • We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
  • We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.
Policies and processes
  • We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
  • We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
  • We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.