Classical Tahoe
- Assets
- $385.7k
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 6
- Location
- Incline Village, NV
- Founding
- 02/2012
- Data as of
- 10/2023
- EIN
- 45-2682958
Organization Overview
Classical Tahoe is located in Incline Village, NV. The organization was established in 2012. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 10/2023, Classical Tahoe employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Classical Tahoe 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 10/2023, Classical Tahoe generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.7% each year . All expenses for the organization totaled $2.3m during the year ending 10/2023. While expenses have increased by 19.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE 2023 FESTIVAL FEATURED SIX ORCHESTRA CONCERTS, SIX CHAMBER MUSIC CONCERTS, AND THREE JAZZ CONCERTS. THE MUSIC INSTITUTE PROVIDED MUSIC EDUCATION AND PROFESSIONAL DEVELOPMENT PROGRAMS, INCLUDING THE BRUBECK JAZZ SUMMIT, CT ACADEMY, AND MUSIKGARTEN. SIX LIVESTREAM CONCERTS PROVIDED FREE ACCESS TO THOUSANDS OF VIEWERS WORLDWIDE. AND THE CLASSICAL TAHOE SERIES ON PBS RENO WAS DISTRIBUTED TO PBS STATIONS NATIONALLY BY AMERICAN PUBLIC TELEVISION AND PLAYED TO TENS OF THOUSANDS MORE VIEWERS NATIONWIDE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SUCCESSFUL SERIES OF CLASSICAL MUSIC PRESENTATIONS INCLUDING MAINSTAGE, CHAMBER, AND EDUCATIONAL PERFORMANCES.
THE BRUBECK JAZZ SUMMIT INCLUDING PERFORMANCES AND INSTRUCTION FOR TALENTED YOUNG PROFESSIONAL JAZZ ARTISTS FROM DIVERSE BACK GROUNDS.
OUR NATIONAL PBS BROADCASTS REACHING TENS OF THOUSANDS PBS VIEWERS ACROSS THE UNITED STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alvaro Pascotto Director | Trustee | 1 | $0 |
Linda Pascotto Director | Trustee | 1 | $0 |
Marna Broida Director | Trustee | 1 | $0 |
Mel Werl Director | Trustee | 1 | $0 |
Ron Ashley Director | Trustee | 1 | $0 |
Maureen Ashley Director | Trustee | 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 | $1,555,544 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,555,544 |
| Total Program Service Revenue | $632,866 |
| Investment income | $368 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $80,210 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,268,988 |
| 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. | $148,750 |
| Compensation of current officers, directors, key employees. | $148,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $249,035 |
| Pension plan accruals and contributions | $3,037 |
| Other employee benefits | $15,336 |
| Payroll taxes | $18,937 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,254 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $793,487 |
| Advertising and promotion | $50,419 |
| Office expenses | $24,337 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,195 |
| Travel | $8,122 |
| 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 | $14,438 |
| Insurance | $9,734 |
| All other expenses | $45,723 |
| Total functional expenses | $2,288,551 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $214,334 |
| Savings and temporary cash investments | $71,122 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $57,320 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $42,951 |
| Total assets | $385,727 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $26,310 |
| Total liabilities | $26,310 |
| Net assets without donor restrictions | $0 |
| 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 | $359,417 |
| Total liabilities and net assets/fund balances | $385,727 |
Grants Awarded
Over the last fiscal year, Classical Tahoe has awarded $14,734 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TAHOE DANCE CAMP PURPOSE: TO FACILITATE PRODUCTION OF 2021 DANCE CAMP | $14,234 |
WAKE FOREST UNIVERSITY PURPOSE: FUNDING FOR THE CHLOE MENZIES SCHOLARSHIP | $500 |