Lake Tahoe Shakespeare Festival
- Assets
- $4.2m
- Revenue
- $3.3m
- Investments
- $61.6k
- Employees
- 15
- Location
- Incline Village, NV
- Founding
- 09/1996
- Data as of
- 12/2021
- EIN
- 88-0358637
Organization Overview
Lake Tahoe Shakespeare Festival is located in Incline Village, NV. The organization was established in 1996. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Lake Tahoe Shakespeare Festival employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Tahoe Shakespeare Festival 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 12/2021, Lake Tahoe Shakespeare Festival generated $3.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 0.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PRESENTATION OF SHAKESPEARE PLAYS ON THE BEACH AT LAKE TAHOE TO ENHANCE TOURISM TO THE LOCAL AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHAKESPEARE AT LAKE TAHOE DRAWS THOUSANDS OF TOURISTS EACH YEAR TO THE LOCAL AREA TO SEE THE PRODUCTION OF SHAKESPEAREAN PLAYS.
YOUNG SHAKESPEARE, INTERACT AND CAMP ARE PROGRAMS DESIGNED AS AN OUTREACH OF EDUCATION TO CHILDREN, EXPOSING THEM TO SHAKESPEARE AND THE IMPORTANCE OF THEATRE, MUSIC AND ART IN THEIR EVERYDAY LIVES.
NUMEROUS ARTISTIC AND MUSICAL PERFORMANCES ARE PRESENTED TO THE GENERAL PUBLIC DURING THE COURSE OF THE YEAR OUTSIDE OF THE SHAKESPEARE FESTIVAL, ALLOWING ADDITIONAL EXPOSURE TO CULTURAL EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Chamberlain Vice Chair | OfficerTrustee | 0.5 | $0 |
Patricia Engels Chairperson | OfficerTrustee | 0.5 | $0 |
Atam Lalchandani Treasurer | OfficerTrustee | 0.5 | $0 |
Nancy Kennedy Secretary | OfficerTrustee | 0.5 | $0 |
Vicki Mcgowen Director | Trustee | 0.5 | $0 |
Roberta Klein Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $913,040 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,337,109 |
| Noncash contributions included in lines 1a–1f | $154,444 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,250,149 |
| Total Program Service Revenue | $930,781 |
| Investment income | $60,506 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,027 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $36,850 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,281,059 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $578,817 |
| Pension plan accruals and contributions | $36,192 |
| Other employee benefits | $41,669 |
| Payroll taxes | $47,902 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $328 |
| Fees for services: Accounting | $8,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,869 |
| Fees for services: Other | $0 |
| Advertising and promotion | $171,550 |
| Office expenses | $18,455 |
| Information technology | $11,237 |
| Royalties | $0 |
| Occupancy | $161,646 |
| Travel | $206,541 |
| 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 | $103,244 |
| Insurance | $34,576 |
| All other expenses | $4,691 |
| Total functional expenses | $1,886,871 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $341,962 |
| Savings and temporary cash investments | $2,179,934 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,500 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,691 |
| Prepaid expenses and deferred charges | $101,940 |
| Net Land, buildings, and equipment | $283,705 |
| Investments—publicly traded securities | $1,233,767 |
| Investments—other securities | $61,563 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,898 |
| Total assets | $4,245,960 |
| Accounts payable and accrued expenses | $41,398 |
| Grants payable | $0 |
| Deferred revenue | $822,677 |
| 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 | $864,075 |
| Net assets without donor restrictions | $3,381,885 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $4,245,960 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lake Tahoe Shakespeare Festival has recieved totaling $3,500.
| Awarding Organization | Amount |
|---|---|
Harvey And Leslie Wagner Foundation Incline Village, NV PURPOSE: GENERAL BUDGET | $2,500 |
Offerdahl Family Foundation Incline Village, NV PURPOSE: THE PRESENTATION OF SHAKESPEARE PLAYS TO ENHANCE TOURISM TO THE TAHOE LOCAL AREA. | $1,000 |
Endowment Analysis
| Beg. Balance | $56,374 |
| Earnings | $5,784 |
| Admin Expense | -$595 |
| Ending Balance | $61,563 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oregon Shakespeare Festival Association Ashland, OR | $57,188,884 | $18,740,778 |
Old Globe Theatre San Diego, CA | $79,168,056 | $16,473,770 |
Geffen Playhouse Inc Los Angeles, CA | $33,029,635 | $21,063,113 |
Center Theatre Group Of Los Angeles Los Angeles, CA | $93,308,392 | $15,777,431 |
Theatre & Arts Foundation Of San Diego County La Jolla, CA | $96,134,792 | $15,790,250 |
Berkeley Repertory Theatre Berkeley, CA | $78,284,133 | $11,370,014 |
Phoenix Theatre Inc Phoenix, AZ | $21,212,066 | $8,604,934 |
Theatreworks Silicon Valley Redwood City, CA | $8,373,819 | $8,187,041 |
South Coast Repertory Inc Costa Mesa, CA | $83,774,342 | $5,710,509 |
Arizona Theatre Company Tucson, AZ | $5,166,004 | $10,001,507 |
Rialto Theatre Foundation Tucson, AZ | $5,053,009 | $7,645,173 |
Theatre For Children Inc Sacramento, CA | $27,810,781 | $2,930,921 |