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Classical Tahoe

Tax-deductible

Incline Vlg, NV501(c)(3)Human ServicesEIN 45-2682958Revenue $3.0M in FY2024

On file with the IRSclassicaltahoe.org948 Incline Way, 89451-9527 · Incline Vlg, NVTax-exempt since Feb 2012Publicly supported charity — 170(b)(1)(A)(vi)

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Classical Tahoe is a world-class celebration of the arts that enriches the cultural, educational, and community vitality of lake Tahoe. We provide exceptional Classical music performances by musicians from the best orchestras in the world, and innovative and inspiring educational programs to local, national, and international audiences.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
Run by 15 volunteers and 4 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $48K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
75%
of spending
Looks good: 75% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$116K
to officers and key staff · 4% of spending
Top officer’s pay higher than 50% of similar orgs
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $108K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$5K
0.9% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.0M
+33% vs prior year
Spent
$2.9M
To programs
75%
Net assets
$525K
By yearFY2020–FY2024
Revenue
$3.0M
FY2024▲ +33%
Tap a bar for its year
Revenue by fiscal year
FY2020$972K
FY2021$1.7M
FY2022$1.8M
FY2023$2.3M
FY2024$3.0M
Expenses
$2.9M
FY2024▲ +25%
Tap a bar for its year
Expenses by fiscal year
FY2020$805K
FY2021$1.6M
FY2022$2.0M
FY2023$2.3M
FY2024$2.9M
Net assets
$525K
FY2024▲ +46%
Tap a bar for its year
Net assets by fiscal year
FY2020$342K
FY2021$513K
FY2022$326K
FY2023$359K
FY2024$525K

From the FY2024 Form 990 (year ending October 2024) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2012.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $2.2M Management & general 25% · $704K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990; $116K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Karen Craig
Executive Director (former)
$115,801Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Ron Ashley
Director
$0Pt VII · Sec A
Ian Weiss
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Karen Craig’s $116K as Executive Director (former) is at the 50th percentile of top reported officer pay among 3869 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Classical Tahoe executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Presents world-class classical music performances and educational programs.

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Provided by the organization

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3 programs · $2.1M · in their own filed words · FY2023
01

The successful series of classical music presentations including mainstage, chamber, and educational performances.

$1.5Mprogram expense
02

Our national PBS broadcasts reaching tens of thousands of PBS viewers across the united states.

$416Kprogram expense
03

The brubeck jazz summit including performances and instruction for talented young professional jazz artists from diverse backgrounds.

$174Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
The Parasol Tahoe Community FoundationFY2025$108K
Ralph & Marsha Guggenheim Family FoundationFY2025$500
Total grants receivedfrom 2 funders$108K
Grants paid · 1 grant · $20K · 2019–2019
The Parasol Tahoe Community FoundationNV · FY2019$20,000

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$3.0M
Ln 12
Gifts and grantsLn 1h$2.5M
Fees for servicesLn 2g$443K
Other incomeLn 4–11$75K
Money outPt IX
$2.9M
Ln 25
Programscol B$2.2M
Managementcol C$704K
Owns and owesPt X
$525K
net assets · Ln 32
Cash and savingsLn 1–2$423K
Total assetsLn 16$529K
LiabilitiesLn 26$5K
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.5M
Noncash giftsLn 1g$171
Fees for servicesLn 2g$443K
Investment incomeLn 3$10K
Other incomeLn 4–11$75K
Gains on assetsLn 7$4
Total revenueLn 12$3.0M
Assets in detailPt X, end of year
CashLn 1$253K
SavingsLn 2$170K
Cash and savings togetherLn 1–2$423K
Land, buildings, equipmentLn 10c$65K
Other assetsLn 15$40K
Total assetsLn 16$529K
LiabilitiesLn 26$5K
Net assetsLn 32$525K
OperationsPt I, VI
EmployeesI 54
VolunteersI 615
Fiscal year endsHeaderOctober
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$285K$423K
Land, buildings, equipmentLn 10c$57K$65K
Total assetsLn 16$386K$529K
LiabilitiesLn 26$26K$5K
Net assetsLn 32$359K$525K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$225K$225K
Other salaries and wagesLn 7$233K$233K
Other employee benefitsLn 9$18K$18K
Payroll taxesLn 10$20K$20K
Management feesLn 11a$8K$8K
Accounting feesLn 11c$56K$56K
Other fees for servicesLn 11g$1.0M$1.0M
Advertising and promotionLn 12$131K$131K
Office expensesLn 13$27K$27K
OccupancyLn 16$8K$8K
TravelLn 17$79K$79K
Depreciation, depletion and amortizationLn 22$16K$16K
InsuranceLn 23$12K$12K
Other expenses (24a–d)Ln 24$965K$887K$78K
All other expensesLn 24e$19K$19K
Total functional expensesLn 25$2.9M$2.2M$704K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $3.0M$2.9M$149K$525K 990 PDF
FY2023 $2.3M$2.3M−$20K$359K 990 PDF
FY2022 $1.8M$2.0M−$204K$326K 990 PDF
FY2021 $1.7M$1.6M$148K$513K 990 PDF
FY2020 $972K$805K$166K$342K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $3,013,143 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,555,544$2,485,909
I-9 Program service revenuePrior year $632,866$442,614
I-10 Investment incomePrior year $368$9,899
I-11 Other revenuePrior year $80,210$74,721
I-12 Total revenuePrior year $2,268,988$3,013,143
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $435,095$495,883
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,853,456$2,368,671
I-18 Total expensesPrior year $2,288,551$2,864,554
I-19 Revenue less expensesPrior year −$19,563$148,589
Part VI · Governance 14 of 14 board members independent, 2 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,013,143 across 8 lines filed
VIII-1f All other contributions, gifts and grants$2,485,909
VIII-1g Noncash contributions (included above)$171
VIII-1h Total contributions, gifts and grants$2,485,909
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $442,614$442,614
VIII-3 Investment incomeExcluded from tax $9,895$9,895
VIII-7 Net gain or loss on sales of assetsExcluded from tax $4$4
VIII-8 Net income from fundraising eventsExcluded from tax $74,721$74,721
VIII-12 Total revenueRelated to mission $442,614 · Unrelated business $0 · Excluded from tax $84,620$3,013,143
Part IX · Statement of functional expenses $2,864,554 across 15 lines filed
IX-5 Pay of current officers, directors and key staffManagement $225,046$225,046
IX-7 Other salaries and wagesManagement $232,867$232,867
IX-9 Other employee benefitsManagement $17,601$17,601
IX-10 Payroll taxesManagement $20,369$20,369
IX-11a Management feesManagement $8,286$8,286
IX-11c Accounting feesManagement $55,595$55,595
IX-11g Other fees for servicesPrograms $1,047,897$1,047,897
IX-12 Advertising and promotionPrograms $130,621$130,621
IX-13 Office expensesManagement $27,410$27,410
IX-16 OccupancyManagement $8,375$8,375
IX-17 TravelPrograms $78,742$78,742
IX-22 Depreciation, depletion and amortizationPrograms $15,509$15,509
IX-23 InsuranceManagement $11,501$11,501
IX-24 Other expenses (24a–d)Programs $887,444 · Management $77,889$965,333
IX-24e All other expensesManagement $19,402$19,402
IX-25 Total functional expensesPrograms $2,160,213 · Management $704,341 · Fundraising $0$2,864,554
Part X · Balance sheet $529,403 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $214,334$252,912
X-2 Savings and temporary cash investmentsStart of year $71,122$170,232
X-9 Prepaid expenses and deferred charges$1,166
X-10c Land, buildings and equipment, netStart of year $57,320$64,993
X-15 Other assetsStart of year $42,951$40,100
X-16 Total assetsStart of year $385,727$529,403
X-25 Other liabilitiesStart of year $26,310$4,763
X-26 Total liabilitiesStart of year $26,310$4,763
X-32 Total net assets or fund balancesStart of year $359,417$524,640
X-33 Total liabilities and net assetsStart of year $385,727$529,403
Part XI · Reconciliation of net assets $524,640 net assets at year end
XI-1 Total revenue$3,013,143
XI-2 Total expenses$2,864,554
XI-3 Revenue less expenses$148,589
XI-4 Net assets at start of year$359,417
XI-6 Donated services and use of facilities$16,634
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$524,640

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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