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Regional Air Service Corporation

Rasc

Organization summary

Type of Nonprofit

Designated as a Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.

Category: Community Improvement, Capacity Building / Promotion of Business (NTEE)

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$736k (2023)

Expenses
$667k (2023)

Total Assets
$1.05M (2023)

Total Liabilities
$0 (2023)

Source: Form 990 tax filings from 2015 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$735,726
Expenses
$667,323
Net Income
$68,403
Net Assets
$1,045,843
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $733,333
99.7%
Investment Income $2,393
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,045,843
Total Liabilities $0
Net Assets $1,045,843
Compensation
Key Employees and Officers Compensation Related Other
Christopher Abraham (Chair/President) $0 $0 $0
Carol Chaplin (Vice Chair) $0 $0 $0
John Mc Ginnes (Secretary) $0 $0 $0
Christina Erny (Treasurer) $0 $0 $0
Carl Ribaudo (Managing Director) $0 $0 $0
Patrick Ty Whitaker (Member (Administrator)) $0 $0 $0
Atlantis Casino Resort Spa (Member) $0 $0 $0
Economic Development Authority (Member) $0 $0 $0
Grand Sierra Resort And Spa (Member) $0 $0 $0
Incline Village Crystal Bay Visitors (Member) $0 $0 $0
Lake Tahoe Visitors Authority (Member) $0 $0 $0
Nv Energy (Member) $0 $0 $0
The City Of Sparks (Member) $0 $0 $0
North Lake Tahoe Resort Association (Member) $0 $0 $0
Peppermill Resort And Spa (Member) $0 $0 $0
Reno Tahoe International Airport (Member) $0 $0 $0
Reno Sparks Convention And Visitors A (Member) $0 $0 $0
The Row (Member) $0 $0 $0
Truckee Tahoe Airport (Member) $0 $0 $0
Palisades Tahoe (Member) $0 $0 $0
Tahoe Douglas Visitors Authority (Member) $0 $0 $0
International Game Technology (Igt) (Member) $0 $0 $0
Truckee Tourism Business Improvement (Member) $0 $0 $0
Truckee North Transportation Manageme (Member) $0 $0 $0
The City Of Reno (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$840,000
Expenses
$958,071
Net Income
-$118,071
Net Assets
$977,440
Notable Sources of Revenue Percent of Total Revenue
Contributions $840,000
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $977,440
Total Liabilities $0
Net Assets $977,440
Compensation
Key Employees and Officers Compensation Related Other
Stephen Ascuaga (Immediate Past Chair) $0 $0 $0
Andy Chapman (Immediate Past Chair) $0 $0 $0
Christopher Abraham (Chair/President) $0 $0 $0
Carol Chaplin (Vice Chair) $0 $0 $0
Carl Ribaudo (Managing Director) $0 $0 $0
Ty Whitaker (Member) $0 $0 $0
John Mcginnes (Secretary) $0 $0 $0
Connie Anderson (Member) $0 $0 $0
Christina Erny (Treasurer) $0 $0 $0
Atlantis Casino Resort Spa (Voting Member) $0 $0 $0
Economic Development Authority Of (Voting Member) $0 $0 $0
Grand Sierra Resort And Spa (Voting Member) $0 $0 $0
Incline Village Crystal Bay Visitor (Voting Member) $0 $0 $0
Lake Tahoe Visitors Authority (Voting Member) $0 $0 $0
Nv Energy (Voting Member) $0 $0 $0
The City Of Sparks (Voting Member) $0 $0 $0
North Lake Tahoe Resort Association (Voting Member) $0 $0 $0
Peppermill Resort And Spa (Voting Member) $0 $0 $0
Reno Tahoe International Airpot (Voting Member) $0 $0 $0
Reno Sparks Convention And Visitors (Voting Member) $0 $0 $0
The Row (Voting Member) $0 $0 $0
Truckee Tahoe Airport (Voting Member) $0 $0 $0
Palisades Tahoe (Voting Member) $0 $0 $0
Tahoe Douglas Visitors Authority (Voting Member) $0 $0 $0
International Game Technology(igt) (Voting Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$327,500
Expenses
$563,542
Net Income
-$236,042
Net Assets
$1,095,511
Notable Sources of Revenue Percent of Total Revenue
Contributions $327,500
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,095,511
Total Liabilities $0
Net Assets $1,095,511
Compensation
Key Employees and Officers Compensation Related Other
Stephen Ascuaga (Immediate Past Chair) $0 $0 $0
Andy Chapman (Chair/President) $0 $0 $0
Christopher Abraham (Vice Chair) $0 $0 $0
Carl Ribaudo (Managing Director) $0 $0 $0
Ty Whitaker (Member) $0 $0 $0
John Mcginnes (Secretary) $0 $0 $0
Connie Anderson (Member) $0 $0 $0
Christina Erny (Treasurer) $0 $0 $0
Atlantis Casino Resort Spa (Voting Member) $0 $0 $0
Economic Development Authority Of (Voting Member) $0 $0 $0
Grand Sierra Resort And Spa (Voting Member) $0 $0 $0
Incline Village Crystal Bay Visitor (Voting Member) $0 $0 $0
Lake Tahoe Visitors Authority (Voting Member) $0 $0 $0
Nv Energy (Voting Member) $0 $0 $0
The City Of Sparks (Voting Member) $0 $0 $0
North Lake Tahoe Resort Association (Voting Member) $0 $0 $0
Peppermill Resort And Spa (Voting Member) $0 $0 $0
Reno Tahoe International Airpot (Voting Member) $0 $0 $0
Reno Sparks Convention And Visitors (Voting Member) $0 $0 $0
The Row (Voting Member) $0 $0 $0
Nugget (Voting Member) $0 $0 $0
Palisades Tahoe (Voting Member) $0 $0 $0
Tahoe Douglas Visitors Authority (Voting Member) $0 $0 $0
The Chamber (Voting Member) $0 $0 $0
International Game Technology(igt) (Voting Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$852,501
Expenses
$405,165
Net Income
$447,336
Net Assets
$1,331,553
Notable Sources of Revenue Percent of Total Revenue
Contributions $852,500
100.0%
Program Services $0
Investment Income $1
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,331,553
Total Liabilities $0
Net Assets $1,331,553
Compensation
Key Employees and Officers Compensation Related Other
Atlantis Casino Resort Spa (Voting Member) $0 $0 $0
Economic Development Authority Of (Voting Member) $0 $0 $0
Grand Sierra Resort And Spa (Voting Member) $0 $0 $0
Incline Village Crystal Bay Visitor (Voting Member) $0 $0 $0
Lake Tahoe Visitors Authority (Voting Member) $0 $0 $0
Nv Energy (Voting Member) $0 $0 $0
The City Of Sparks (Voting Member) $0 $0 $0
North Lake Tahoe Resort Association (Voting Member) $0 $0 $0
Peppermill Resort And Spa (Voting Member) $0 $0 $0
Reno Tahoe International Airpot (Voting Member) $0 $0 $0
Reno Sparks Convention And Visitors (Voting Member) $0 $0 $0
Silver Legacy Resort Casino (Voting Member) $0 $0 $0
Ski Lake Tahoe (Voting Member) $0 $0 $0
Squaw Valley Apline Meadows (Voting Member) $0 $0 $0
Tahoe Douglas Visitors Authority (Voting Member) $0 $0 $0
The Chamber (Voting Member) $0 $0 $0
Harrah's Reno (Voting Member) $0 $0 $0
Truckee Tourism Business Improvemen (Voting Member) $0 $0 $0
Truckee North Transportation Manage (Voting Member) $0 $0 $0
Eldorado Resort Casino (Voting Member) $0 $0 $0
The City Of Reno (Voting Member) $0 $0 $0
Travel Nevada (Voting Member) $0 $0 $0
Truckee Tahoe Airport (Voting Member) $0 $0 $0
Switch (Voting Member) $0 $0 $0
Reno Tahoe Territory (Voting Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$400,001
Expenses
$59,993
Net Income
$340,008
Net Assets
$884,218
Notable Sources of Revenue Percent of Total Revenue
Contributions $400,000
100.0%
Program Services $0
Investment Income $1
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $884,218
Total Liabilities $0
Net Assets $884,218

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$770,002
Expenses
$275,384
Net Income
$494,618
Net Assets
$544,210
Notable Sources of Revenue Percent of Total Revenue
Contributions $770,000
100.0%
Program Services $0
Investment Income $2
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $544,210
Total Liabilities $0
Net Assets $544,210
Compensation
Key Employees and Officers Compensation Related Other
Atlantis Casino Resort Spa (Voting Member) $0 $0 $0
Economic Development Authority Of (Voting Member) $0 $0 $0
Grand Sierra Resort And Spa (Voting Member) $0 $0 $0
Incline Village Crystal Bay Visitor (Voting Member) $0 $0 $0
Lake Tahoe Visitors Authority (Voting Member) $0 $0 $0
Nv Energy (Voting Member) $0 $0 $0
The City Of Sparks (Voting Member) $0 $0 $0
North Lake Tahoe Resort Association (Voting Member) $0 $0 $0
Peppermill Resort And Spa (Voting Member) $0 $0 $0
Reno Tahoe International Airpot (Voting Member) $0 $0 $0
Reno Sparks Convention And Visitors (Voting Member) $0 $0 $0
Silver Legacy Resort Casino (Voting Member) $0 $0 $0
Ski Lake Tahoe (Voting Member) $0 $0 $0
Squaw Valley Apline Meadows (Voting Member) $0 $0 $0
Tahoe Douglas Visitors Authority (Voting Member) $0 $0 $0
The Chamber (Voting Member) $0 $0 $0
Harrah's Reno (Voting Member) $0 $0 $0
Truckee Tourism Business Improvemen (Voting Member) $0 $0 $0
Truckee North Transportation Manage (Voting Member) $0 $0 $0
Eldorado Resort Casino (Voting Member) $0 $0 $0
The City Of Reno (Voting Member) $0 $0 $0
Travel Nevada (Voting Member) $0 $0 $0
Truckee Tahoe Airport (Voting Member) $0 $0 $0
Switch (Voting Member) $0 $0 $0
Reno Tahoe Territory (Voting Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$709,170
Expenses
$1,002,445
Net Income
-$293,275
Net Assets
$49,592
Notable Sources of Revenue Percent of Total Revenue
Contributions $709,167
100.0%
Program Services $0
Investment Income $3
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $49,826
Total Liabilities $234
Net Assets $49,592
Compensation
Key Employees and Officers Compensation Related Other
Atlantis Casino Resort Spa (Voting Member) $0 $0 $0
Circus Circus Reno (Voting Member) $0 $0 $0
Economic Development Authority Of W (Voting Member) $0 $0 $0
Eldorado Hotel Resort Casino (Voting Member) $0 $0 $0
Grand Sierra Resort And Spa (Voting Member) $0 $0 $0
Incline Village Crystal Bay Visitor (Voting Member) $0 $0 $0
Lake Tahoe Visitors Authority (Voting Member) $0 $0 $0
Nv Energy (Voting Member) $0 $0 $0
Nevada Division Of Tourism (Voting Member) $0 $0 $0
North Lake Tahoe Resort Association (Voting Member) $0 $0 $0
Peppermill Resort And Spa (Voting Member) $0 $0 $0
Reno Tahoe International Airport (Voting Member) $0 $0 $0
Reno Sparks Convention And Visitors (Voting Member) $0 $0 $0
Silver Legacy Resort Casino (Voting Member) $0 $0 $0
Ski Lake Tahoe (Voting Member) $0 $0 $0
Squaw Valleyalpine Meadows (Voting Member) $0 $0 $0
Tahoe Douglas Visitors Authority (Voting Member) $0 $0 $0
The Chamber (Voting Member) $0 $0 $0
Harrah's Reno (Voting Member) $0 $0 $0
Truckee Chamber Of Commerce (Voting Member) $0 $0 $0
Truckee North Transportation Manage (Voting Member) $0 $0 $0
Truckee Tahoe Airport District (Voting Member) $0 $0 $0
Stephen Ascuaga (Chairman/President) $0 $0 $0
Andy Chapman (Vice Chair/Secretary) $0 $0 $0
Christopher Abraham (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$744,824
Expenses
$593,615
Net Income
$151,209
Net Assets
$342,867
Notable Sources of Revenue Percent of Total Revenue
Contributions $744,816
100.0%
Program Services $0
Investment Income $8
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $372,867
Total Liabilities $30,000
Net Assets $342,867
Compensation
Key Employees and Officers Compensation Related Other
Atlantis Casino Resort Spa (Voting Member) $0 $0 $0
Circus Circus Reno (Voting Member) $0 $0 $0
Economic Development Authority Of W (Voting Member) $0 $0 $0
Eldorado Hotel Resort Casino (Voting Member) $0 $0 $0
Grand Sierra Resort And Spa (Voting Member) $0 $0 $0
Incline Village Crystal Bay Visitor (Voting Member) $0 $0 $0
Lake Tahoe Visitors Authority (Voting Member) $0 $0 $0
Nv Energy (Voting Member) $0 $0 $0
Nevada Division Of Tourism (Voting Member) $0 $0 $0
North Lake Tahoe Resort Association (Voting Member) $0 $0 $0
Peppermill Resort And Spa (Voting Member) $0 $0 $0
Reno Tahoe International Airport (Voting Member) $0 $0 $0
Reno Sparks Convention And Visitors (Voting Member) $0 $0 $0
Silver Legacy Resort Casino (Voting Member) $0 $0 $0
Ski Lake Tahoe (Voting Member) $0 $0 $0
Squaw Valleyalpine Meadows (Voting Member) $0 $0 $0
Tahoe Douglas Visitors Authority (Voting Member) $0 $0 $0
Switch Supernap (Voting Member) $0 $0 $0
Harrah's Reno (Voting Member) $0 $0 $0
Andy Wirth (Chairman/President) $0 $0 $0
Kimberlee Tokien (Vice Chair/Secretary) $0 $0 $0
Andy Chapman (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,452,928
Expenses
$1,261,270
Net Income
$191,658
Net Assets
$191,658
Notable Sources of Revenue Percent of Total Revenue
Contributions $837,500
57.6%
Program Services $0
Investment Income $857
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $614,571
42.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $221,658
Total Liabilities $30,000
Net Assets $191,658

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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