Valhalla Tahoe EIN 68-0023026 Form 990 (PDF) Claim this org

Valhalla Tahoe

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Preserves and offers cultural and arts programs at a historic site. For fiscal year 2025 it reported $997K in revenue, $959K in expenses, and $540K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
South Lake Tahoe, CA
Filings
6 on file (2020–2025)
Revenue
$997KFY2025
Expenses
$959K
Net assets
$540K
People
15
Filings
6
Updates
0
More identity details & actions ⌄
EIN  68-0023026 Public charity (501(c)(3)) South Lake Tahoe, CA
Form 990 (PDF)
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Size
$100K–1M
What they do
Preserves and offers cultural and arts programs at a historic site.
Leadership
Margaret Peart · Director · $103K
Money in and out
$997K revenue, $959K expenses
Bottom line
100% program efficiency
Where the money goes · FY2025
Total revenue
$997K
Pt VIII · Ln 12
Total expenses
$959K
Pt IX · Ln 25
Net assets
$540K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $37K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs0% vs prior filing year
Operating runway
10.7mo
months of highly liquid reserves at operating expense rate▼ -39% vs prior filing year
Surplus margin
+4%
revenue over expenses, this year▼ -80% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$997K
FY2025▲ +30%
Expenses
$959K
FY2025▲ +54%
Total assets
$1.0M
FY2025▼ -6%
Total liabilities
$469K
FY2025▼ -9%
Total revenue
$997K
Pt VIII · Ln 12
Total expenses
$959K
Pt IX · Ln 25
Net assets
$540K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$37K
Total assetsPt X · Ln 16$1.0M
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414
Mission & Programs · Part III

Where the work happens

1 program service account for $959K of program spending, described in the organization's own filed words · FY2024.
01

Restoration of the tallac historic site now included in the national registry of historic sites cultural and arts programs are housed in several structures on the site. Concerts and exhibits attract over 150,000 visitors each year.

$959Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CValhalla Tahoe
EINHdr · item D68-0023026
Principal addressHdr · item CSouth Lake Tahoe, CA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A82Z)
Ruling yearIRS BMFJun 1984

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b14
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$102,750Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Margaret Peart’s $103K as Director is at the 89th percentile of top reported officer pay among 2213 $100K–1M arts & culture 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.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Margaret Peart$102,750
Michelle Morton$71,077$90,268$50,203$44,463
Ryan Reese$10,218$41,416$31,470$16,856$5,515

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$935K · 94%
Contributions & grants$40K · 4%
Investment income$21K · 2%
Program service revenue94%$935K
Contributions & grants4%$40K
Investment income2%$21K
— government grantsLn 1e$13K
Total revenueLn 12$997K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$959K
Total functional expensesLn 25$959K

Balance Sheet

Part X · end of year
CashLn 1$853K
Total assetsLn 16$1.0M
Total liabilitiesLn 26$469K
Total net assetsLn 32$540K
Months of cash on handcomputed10.7

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $853K · Operating expenses/yr $959K
10.7 months
Where the money goes
Program services
Program services $959K · Total expenses $959K
100%
Management & General
Management & general $0 · Total expenses $959K
0%
Fundraising
Fundraising $0 · Total expenses $959K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $27K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $40K · Total revenue $997K
4%
Government reliance
Government grants $13K · Total revenue $997K
1%
Earned-income share
Program service revenue $935K · Total revenue $997K
94%
Investment reliance
Investment income $21K · Total revenue $997K
+2%
Program self-sufficiency
Program service revenue $935K · Total expenses $959K
97%
Growth & trend
Revenue growth (YoY)
This year $997K · Prior year $766K
+30%
Revenue CAGR
FY2019 $72K · FY2024 $997K
+69%
Net-asset trend (YoY)
End of year $540K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $997K · Expenses $959K
+4%
Liabilities-to-Assets
Total liabilities — · Total assets $1.0M
Net-asset ratio
Net assets $540K · Total assets $1.0M
54%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $1.0M
0%
People & payroll
Highest Reported Total Compensation
Individual Margaret Peart · Reported title Director · Highest reported compensation $103K · Total expenses $959K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $234K · Total expenses $959K
24%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth 30%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 2%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$64

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$997K revenue · viewing · ⤓ 990 PDF
FY2024$766K revenue · ⤓ 990 PDF
FY2023$889K revenue · ⤓ 990 PDF
FY2022$789K revenue · ⤓ 990 PDF
FY2021$447K revenue · ⤓ 990 PDF
FY2020$72K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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