Lake Tahoe School
- Assets
- $29.1m
- Revenue
- $16.9m
- Investments
- $0.0
- Employees
- 54
- Location
- Incline Village, NV
- Founding
- 08/1997
- Data as of
- 06/2022
- EIN
- 86-0868862
Organization Overview
Lake Tahoe School is located in Incline Village, NV. The organization was established in 1997. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2022, Lake Tahoe School employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Tahoe School 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 06/2022, Lake Tahoe School generated $16.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.1% each year . All expenses for the organization totaled $6.1m during the year ending 06/2022. While expenses have increased by 7.7% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
LAKE TAHOE SCHOOL IS ROOTED IN THE FOUNDING VISION OF AN EDUCATIONAL COMMUNITY FOCUSED ON HONORING THE INDIVIDUAL CREATIVITY AND PASSION INHERENT IN EVERY CHILD, TO NURTURE DISCIPLINED MINDS, STRONG CHARACTER, HEALTHY BODIES, AND CREATIVE SPIRITS AMONG ALL LTS STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAKE TAHOE SCHOOL PROVIDED EDUCATIONAL SERVICES TO APPROXIMATELY 220 CHILDREN AT THE PRE-SCHOOL THROUGH EIGHTH GRADE LEVEL DURING THE 2021-22 SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert E Graves Head Of School | Officer | 40 | $231,000 |
Kris Nugent Ast Head Of School | 40 | $116,258 | |
Karen Laurie Business Mgr | Officer | 40 | $83,400 |
Rebecca Kassekert Chair | OfficerTrustee | 3 | $0 |
Sabrina Belleci Vice Chair | OfficerTrustee | 2 | $0 |
Keith O'donnell Treasurer | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Metcalf Builders General Contractor | 6/29/21 | $207,219 |
Innovative Communication Systems Install Equipment | 6/29/21 | $112,384 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $290,075 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,913,961 |
| Noncash contributions included in lines 1a–1f | $953,715 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,204,036 |
| Total Program Service Revenue | $5,428,980 |
| Investment income | $118,957 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$98,257 |
| Net Income from Fundraising Events | $158,840 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,917,580 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $948,170 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $361,479 |
| Compensation of current officers, directors, key employees. | $202,125 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,539,742 |
| Pension plan accruals and contributions | $100,049 |
| Other employee benefits | $280,261 |
| Payroll taxes | $208,797 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,724 |
| Fees for services: Accounting | $40,144 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,628 |
| Advertising and promotion | $47,535 |
| Office expenses | $44,279 |
| Information technology | $48,546 |
| Royalties | $0 |
| Occupancy | $77,977 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $37,133 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $520,728 |
| Insurance | $70,660 |
| All other expenses | $215,561 |
| Total functional expenses | $6,129,281 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,338,315 |
| Savings and temporary cash investments | $2,922,818 |
| Pledges and grants receivable | $185,065 |
| 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 | $14,380 |
| Net Land, buildings, and equipment | $19,390,874 |
| Investments—publicly traded securities | $4,205,029 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $29,056,481 |
| Accounts payable and accrued expenses | $218,950 |
| Grants payable | $0 |
| Deferred revenue | $771,431 |
| 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 | $990,381 |
| Net assets without donor restrictions | $27,876,100 |
| Net assets with donor restrictions | $190,000 |
| 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 | $29,056,481 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lake Tahoe School has recieved totaling $11,500.
| Awarding Organization | Amount |
|---|---|
Harvey And Leslie Wagner Foundation Incline Village, NV PURPOSE: GENERAL BUDGET | $10,000 |
W James And Jane K Truettner Foundation Crested Butte, CO PURPOSE: GENERAL SUPPORT | $1,500 |
Endowment Analysis
| Beg. Balance | $342,217 |
| Earnings | -$50,236 |
| Other Expense | $5,000 |
| Ending Balance | $286,981 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Child Start Incorporated Napa, CA | $8,014,837 | $18,886,545 |
Institute For Human & Social Development Inc San Mateo, CA | $7,306,180 | $14,787,145 |
Keys Family Day School Inc Palo Alto, CA | $33,258,594 | $15,731,611 |
The San Francisco School San Francisco, CA | $30,677,373 | $14,481,306 |
Berkeley Hall School Foundation Los Angeles, CA | $27,121,443 | $12,682,160 |
Vacaville Christian Academy Vacaville, CA | $16,291,223 | $10,950,312 |
Renu Hope Foundation Beaumont, CA | $4,671,347 | $11,223,542 |
Kids On The Move Inc Orem, UT | $6,922,809 | $11,309,770 |
Bear River Head Start Logan, UT | $1,393,719 | $9,390,667 |
Marin Montessori School Inc Corte Madera, CA | $24,835,339 | $10,702,603 |
Fountainhead Inc Dublin, CA | $4,895,908 | $2,127,012 |
Portland Jewish Academy Portland, OR | $8,709,251 | $10,309,622 |