Lake Tahoe Community College Foundation

South Lake Tahoe, CA | https://ltccfoundation.org/

GuideStar Charity Check

EIN: 68-0383810

Contributions tax deductible
as of November 2023

IRS BMF 509(a)(1)
as of November 13, 2023

View summary

Charity Check report

Mission

THE MISSION OF THE FOUNDATION IS TO WORK FOR EDUCATIONAL EXCELLENCE BY ASSISTING AND ENCOURAGING INVESTMENT IN THE DEVELOPMENT AND GROWTH OF EDUCATIONAL OPPORTUNITIES AT LAKE TAHOE COMMUNITY COLLEGE DISTRICT.

Ruling year info

1997

Board President

Adele Lucas

Main address

1 College Dr

South Lake Tahoe, CA 96150 USA

Show more contact info

EIN

68-0383810

Subject area info

Education

Population served info

Students

NTEE code info

Education N.E.C. (B99)

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

Show Forms 990

Communication

Affiliations

See related organizations info

Programs and results

What we aim to solve

This profile needs more info.

If it is your nonprofit, add a problem overview.

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?

Student Success Grants

Student Success Grants help support LTCC academic departments, full-time and adjunct faculty, and staff whose projects enhance student learning. These grants are intended to increase student access, retention, and successful course completion. Staff, faculty, and departments use the grants to purchase educational materials, help fund field trips or other events that budgets cannot accommodate, and otherwise support student learning.

Where we work

External reviews

Financials

Lake Tahoe Community College Foundation

Fiscal year: Jul 01 - Jun 30

Financial documents

Yes, financials were audited by an independent accountant.

Revenue vs. expenses: breakdown

SOURCE: IRS Form 990

NET GAIN/LOSS: in

Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022

SOURCE: IRS Form 990

23.83

Average of 12.50 over 10 years

Months of cash in 2022

SOURCE: IRS Form 990

41

Average of 14.1 over 10 years

Fringe rate in 2022

SOURCE: IRS Form 990

0%

Average of 33% over 10 years

Funding sources

Source: IRS Form 990

Assets & liabilities

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Digitizing IRS form 990 data

Lake Tahoe Community College Foundation

Revenue & expenses

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

Fiscal year ending: Download Data

Revenue
Contributions	$294,654
Program Services	$45,754
Investments	$29,846
Special Events	($7,793)
Sales	$0
Other	$0
Total Revenue	$362,461

Expenses
Grants	$84,974
Salaries & Employee Benefits	$0
Professional Fees	$5,000
Occupancy	$0
Printing, Publications, Postage, etc.	$0
Other Expenses	$215,620
Total Expenses	$305,594
Net Gain/Loss	$56,867

Revenue
Contributions	$343,989
Program Services	$40,083
Investments	$23,650
Special Events	($9,204)
Sales	$0
Other	$715
Total Revenue	$399,233

Expenses
Grants	$95,197
Salaries & Employee Benefits	$0
Professional Fees	$14,821
Occupancy	$0
Printing, Publications, Postage, etc.	$787
Other Expenses	$286,248
Total Expenses	$397,053
Net Gain/Loss	$2,180

Revenue
Contributions	$361,390
Government Grants	$0
Program Services	$0
Investments	$38,290
Special Events	$21,023
Sales	$0
Other	$1,013
Total Revenue	$421,716

Expenses
Program Services	$353,436
Administration	$66,053
Fundraising	$0
Total Expenses	$419,489
Net Gain/Loss	$2,227

Functional expenses
Accounting Fees	$0
Advertising & Promotion	$1,373
Information Technology Expenses	$0
Insurance Expenses	$0
Interest Expenses	$0
Investment Management Fees	$1,926
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$236,949
Government Grants	$0
Program Services	$0
Investments	$36,349
Special Events	$9,067
Sales	$0
Other	$1,050
Total Revenue	$283,415

Expenses
Program Services	$197,350
Administration	$14,416
Fundraising	$86,766
Total Expenses	$298,532
Net Gain/Loss	($15,117)

Functional expenses
Accounting Fees	$0
Advertising & Promotion	$471
Information Technology Expenses	$0
Insurance Expenses	$0
Interest Expenses	$0
Investment Management Fees	$2,064
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$180,321
Government Grants	$0
Program Services	$0
Investments	$30,130
Special Events	$17,208
Sales	$0
Other	$0
Total Revenue	$227,659

Expenses
Program Services	$131,179
Administration	$3,045
Fundraising	$4,773
Total Expenses	$138,997
Net Gain/Loss	$88,662

Functional expenses
Accounting Fees	$0
Advertising & Promotion	$673
Information Technology Expenses	$0
Insurance Expenses	$0
Interest Expenses	$0
Investment Management Fees	$2,487
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$166,355
Government Grants	$0
Program Services	$0
Investments	$25,415
Special Events	$27,621
Sales	$0
Other	$0
Total Revenue	$219,391

Expenses
Program Services	$199,003
Administration	$59,318
Fundraising	$6,245
Total Expenses	$264,566
Net Gain/Loss	($45,175)

Functional expenses
Accounting Fees	$0
Advertising & Promotion	$3,895
Information Technology Expenses	$0
Insurance Expenses	$0
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$2,198,461
Government Grants	$0
Program Services	$0
Investments	$34,610
Special Events	$78,932
Sales	$0
Other	$0
Total Revenue	$2,312,003

Expenses
Program Services	$216,021
Administration	$62,819
Fundraising	$2,651
Total Expenses	$281,491
Net Gain/Loss	$2,030,512

Functional expenses
Accounting Fees	$0
Advertising & Promotion	$2,114
Information Technology Expenses	$0
Insurance Expenses	$0
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$344,005
Government Grants	$0
Program Services	$0
Investments	$43,774
Special Events	$46,593
Sales	$0
Other	$0
Total Revenue	$434,372

Expenses
Program Services	$488,694
Administration	$65,293
Fundraising	$6,457
Total Expenses	$560,444
Net Gain/Loss	($126,072)

Functional expenses
Accounting Fees	$0
Advertising & Promotion	$4,477
Information Technology Expenses	$0
Insurance Expenses	$1,484
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$155,100
Government Grants	$0
Program Services	$0
Investments	$60,665
Special Events	$100,800
Sales	$0
Other	$0
Total Revenue	$316,565

Expenses
Program Services	$602,357
Administration	$75,063
Fundraising	$9,461
Total Expenses	$686,881
Net Gain/Loss	($370,316)

Functional expenses
Accounting Fees	$0
Advertising & Promotion	$7,559
Information Technology Expenses	$2,388
Insurance Expenses	$0
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$2,219,280
Government Grants	$0
Program Services	$0
Investments	$55,857
Special Events	$76,455
Sales	$0
Other	$0
Total Revenue	$2,351,592

Expenses
Program Services	$3,455,225
Administration	$57,765
Fundraising	$43,836
Total Expenses	$3,556,826
Net Gain/Loss	($1,205,234)

Functional expenses
Accounting Fees	$0
Advertising & Promotion	$7,555
Information Technology Expenses	$0
Insurance Expenses	$0
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$2,606,210
Government Grants	$0
Program Services	$0
Investments	$40,824
Special Events	$56,103
Sales	$0
Other	$0
Total Revenue	$2,703,137

Expenses
Program Services	$1,959,730
Administration	$182,307
Fundraising	$16,837
Total Expenses	$2,158,874
Net Gain/Loss	$544,263

Functional expenses
Accounting Fees	$0
Advertising & Promotion	$10,465
Information Technology Expenses	$0
Insurance Expenses	$0
Interest Expenses	$0
Investment Management Fees	$3,599
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$1,475,545
Government Grants	$0
Program Services	$0
Investments	$79,644
Special Events	$81,246
Sales	$0
Other	$0
Total Revenue	$1,636,435

Expenses
Program Services	$355,562
Administration	$161,524
Fundraising	$3,011
Total Expenses	$520,097
Net Gain/Loss	$1,116,338

Functional expenses
Accounting Fees	$0
Advertising & Promotion	$4,650
Information Technology Expenses	$0
Insurance Expenses	$0
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$499,385
Government Grants	$0
Program Services	$0
Investments	$81,839
Special Events	$68,140
Sales	$0
Other	$0
Total Revenue	$649,364

Expenses
Program Services	$238,756
Administration	$65,704
Fundraising	$0
Total Expenses	$304,460
Net Gain/Loss	$344,904

Functional expenses
Accounting Fees	$0
Advertising & Promotion	$12,216
Information Technology Expenses	$0
Insurance Expenses	$0
Interest Expenses	$0
Investment Management Fees	$1,286
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$491,470
Government Grants	$0
Program Services	$0
Investments	$113,432
Special Events	$61,307
Sales	$0
Other	$0
Total Revenue	$666,209

Expenses
Program Services	$336,734
Administration	$17,717
Fundraising	$0
Total Expenses	$354,451
Net Gain/Loss	$311,758

Functional expenses
Accounting Fees	$0
Advertising & Promotion	$9,438
Information Technology Expenses	$0
Insurance Expenses	$0
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Lake Tahoe Community College Foundation

Balance sheet

Fiscal Year: Jul 01 - Jun 30

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: Download Data

Assets	Jul 01, 2008	Jun 30, 2009	Change
Contributions	$294,654
Cash & Equivalents	$105,794	$151,964	$46,170
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$1,128,689	$1,005,710	($122,979)
Total Assets	$1,234,483	$1,157,674	($76,809)

Liabilities	Jul 01, 2008	Jun 30, 2009	Change
Total Liabilities	$24,334	$36,753	$12,419

Fund balance	Jul 01, 2008	Jun 30, 2009	Change
Net Assets	$1,210,149	$1,120,921	($89,228)

Assets	Jul 01, 2009	Jun 30, 2010	Change
Contributions	$343,989
Cash & Equivalents	$151,964	$120,649	($31,315)
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$1,005,710	$1,051,410	$45,700
Total Assets	$1,157,674	$1,172,059	$14,385

Liabilities	Jul 01, 2009	Jun 30, 2010	Change
Total Liabilities	$36,753	$4,336	($32,417)

Fund balance	Jul 01, 2009	Jun 30, 2010	Change
Net Assets	$1,120,921	$1,167,723	$46,802

Assets	Jul 01, 2010	Jun 30, 2011	Change
Contributions	$361,390
Cash & Equivalents	$120,649	$92,180	($28,469)
Accounts Receivable	$0	$31	$31
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$1,051,410	$1,174,954	$123,544
Total Assets	$1,172,059	$1,267,165	$95,106

Liabilities	Jul 01, 2010	Jun 30, 2011	Change
Accounts Payable	$0	$0	$0
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$4,336	$8,384	$4,048
Total Liabilities	$4,336	$8,384	$4,048

Fund balance	Jul 01, 2010	Jun 30, 2011	Change
Temporarily Restricted Net Assets	$722,138	$509,184	-$212,954
Permanently Restricted Net Assets	$328,706	$424,634	$95,928
Total Restricted Net Assets	$1,050,844	$933,818	($117,026)
Unrestricted Net Assets	$116,879	$324,963	$208,084
Net Assets	$1,167,723	$1,258,781	$91,058

Assets	Jul 01, 2011	Jun 30, 2012	Change
Contributions	$236,949
Cash & Equivalents	$427,472	$400,410	($27,062)
Accounts Receivable	$31	$0	($31)
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$839,253	$855,529	$16,276
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$409	$1,395	$986
Total Assets	$1,267,165	$1,257,334	($9,831)

Lake Tahoe Community College Foundation

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

This snapshot of Lake Tahoe Community College Foundation’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.

Created in partnership with

Fiscal year: Jul 01 - Jun 30 View full report Download data

Business model indicators

Profitability	2018	2019	2020	2021	2022
Unrestricted surplus (deficit) before depreciation	-$20,164	$645,808	-$892,270	$572,321	-$396,459
As % of expenses	-0.6%	29.9%	-171.6%	188.0%	-111.9%
Unrestricted surplus (deficit) after depreciation	-$20,164	$645,808	-$892,270	$572,321	-$396,459
As % of expenses	-0.6%	29.9%	-171.6%	188.0%	-111.9%

Revenue composition
Total revenue (unrestricted & restricted)	$2,351,592	$2,703,137	$1,636,435	$649,364	$666,209
Total revenue, % change over prior year	642.8%	14.9%	-39.5%	-60.3%	2.6%
Program services revenue	0.0%	0.0%	0.0%	0.0%	0.0%
Membership dues	0.0%	0.0%	0.0%	0.0%	0.0%
Investment income	2.4%	1.5%	4.9%	12.6%	17.0%
Government grants	0.0%	0.0%	0.0%	0.0%	0.0%
All other grants and contributions	97.6%	98.5%	95.1%	87.4%	83.0%
Other revenue	0.0%	0.0%	0.0%	0.0%	0.0%

Expense composition
Total expenses before depreciation	$3,556,826	$2,158,874	$520,097	$304,460	$354,451
Total expenses, % change over prior year	417.8%	-39.3%	-75.9%	-41.5%	16.4%
Personnel	1.5%	6.6%	28.2%	10.9%	0.0%
Professional fees	0.0%	0.2%	0.0%	0.4%	0.0%
Occupancy	0.0%	0.0%	0.0%	0.0%	0.0%
Interest	0.0%	0.0%	0.0%	0.0%	0.0%
Pass-through	97.1%	90.8%	38.7%	66.3%	66.1%
All other expenses	1.3%	2.5%	33.1%	22.4%	33.9%

Full cost components (estimated)	2018	2019	2020	2021	2022
Total expenses (after depreciation)	$3,556,826	$2,158,874	$520,097	$304,460	$354,451
One month of savings	$296,402	$179,906	$43,341	$25,372	$29,538
Debt principal payment	$0	$0	$0	$0	$0
Fixed asset additions	$0	$0	$0	$0	$0
Total full costs (estimated)	$3,853,228	$2,338,780	$563,438	$329,832	$383,989

Capital structure indicators

Liquidity	2018	2019	2020	2021	2022
Months of cash	0.7	3.2	16.5	34.8	41.0
Months of cash and investments	0.7	13.6	86.5	177.5	148.5
Months of estimated liquid unrestricted net assets	1.2	7.9	12.1	43.2	23.7

Balance sheet composition	2018	2019	2020	2021	2022
Cash	$221,276	$567,350	$713,527	$881,761	$1,212,378
Investments	$0	$1,879,745	$3,034,665	$3,622,864	$3,172,680
Receivables	$7,601	$16,306	$14,314	$23,344	$17,146
Gross land, buildings, equipment (LBE)	$0	$0	$0	$0	$0
Accumulated depreciation (as a % of LBE)	0.0%	0.0%	0.0%	0.0%	0.0%
Liabilities (as a % of assets)	3.2%	3.5%	5.5%	3.0%	4.2%
Unrestricted net assets	$346,175	$1,416,617	$524,347	$1,096,668	$700,209
Temporarily restricted net assets	$1,001,811	$0	N/A	N/A	N/A
Permanently restricted net assets	$424,634	$968,137	N/A	N/A	N/A
Total restricted net assets	$1,426,445	$968,137	$3,038,778	$3,301,618	$3,549,395
Total net assets	$1,772,620	$2,384,754	$3,563,125	$4,398,286	$4,249,604

Key data checks

Key data checks	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

Letter of Determination is not available for this organization

Form 1023/1024 is not available for this organization

Board President

Adele Lucas

Number of employees

Source: IRS Form 990

Lake Tahoe Community College Foundation

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation

Other

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.

Lake Tahoe Community College Foundation

Board of directors
as of 03/24/2023

SOURCE: Self-reported by organization

Board of directors data

Download the most recent year of board of directors data for this organization

Board chair

Adele Lucas

Ron Alling

Hellen A. Barclay

Diane Bisbee

Deanna Brothers

Kim Carr

Bob Cliff

Gregory A. Cremeans

Kerry S. David

Jeff DeFranco

Russi Egan

Tyler Fair

Maria Foulke

Charlotte Goodman

Leon Malmed

Roberta L. Mason

Lucy McLaughlin

Walter Morris

Robert Irwin Novasel

Jamie Orr

Lisa Shafer

Jeff Tillman

Joe Tillson

Organizational demographics

SOURCE: Self-reported; last updated 3/24/2023

Candid has made improvements to the race and ethnicity options.

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:

Race & ethnicity

White/Caucasian/European

Gender identity

Female, Not transgender (cisgender)

Sexual orientation

Heterosexual or straight

Disability status

Person without a disability

Race & ethnicity

No data

Gender identity

No data

Sexual orientation

No data

Disability

No data

Related organizations & associated domestic grants

Show data for fiscal year

Lake Tahoe Community College Foundation

Mission

Is this your nonprofit?

Programs and results

What we aim to solve

This profile needs more info.

Our programs

Student Success Grants

Where we work

Financials

Financial documents

Revenue vs. expenses: breakdown

Liquidity in 2022 info

23.83

Months of cash in 2022 info

41

Fringe rate in 2022 info

0%

Funding sources info

Assets & liabilities info

Financial data

Digitizing IRS form 990 data

Lake Tahoe Community College Foundation

Lake Tahoe Community College Foundation

Lake Tahoe Community College Foundation

Business model indicators

Capital structure indicators

Key data checks

Operations

Documents

Board President

Adele Lucas

Number of employees

Lake Tahoe Community College Foundation

Compensation data

Lake Tahoe Community College Foundation

Board of directors data

Adele Lucas

Organizational demographics

Leadership

Race & ethnicity

Gender identity

Sexual orientation

Disability

Related organizations & associated domestic grants

Liquidity in 2022

Months of cash in 2022

Fringe rate in 2022

Funding sources

Assets & liabilities