Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1984.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
81 cents of each dollar spent went to programs.
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
16 people listed on the 990; $122K paid to officers and key staff.
Margaret Peart’s $103K as Director is at the 90th percentile of top reported officer pay among 2216 $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
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| 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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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Preserves and offers cultural and arts programs at a historic site.
Questions for Valhalla Tahoe
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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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $564K | $765K |
| Land, buildings, equipmentLn 10c | $36K | $107K |
| Total assetsLn 16 | $612K | $910K |
| LiabilitiesLn 26 | $442K | $543K |
| Net assetsLn 32 | $170K | $367K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $180K | $180K | ||
| Payroll taxesLn 10 | $16K | $16K | ||
| Accounting feesLn 11c | $13K | $13K | ||
| Other fees for servicesLn 11g | $4K | $4K | ||
| Advertising and promotionLn 12 | $30K | $30K | ||
| Office expensesLn 13 | $15K | $15K | ||
| OccupancyLn 16 | $81K | $81K | ||
| TravelLn 17 | $317 | $317 | ||
| Depreciation, depletion and amortizationLn 22 | $7K | $5K | $2K | |
| InsuranceLn 23 | $15K | $15K | ||
| Other expenses (24a–d)Ln 24 | $228K | $228K | ||
| Total functional expensesLn 25 | $590K | $475K | $115K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $997K | $959K | $37K | $540K | 990 PDF |
| FY2024 | $766K | $621K | $145K | $555K | 990 PDF |
| FY2023 | $889K | $767K | $122K | $409K | 990 PDF |
| FY2022 Viewing | $789K | $590K | $199K | $367K | 990 PDF |
| FY2021 | $447K | $289K | $159K | $170K | 990 PDF |
| FY2020 | $72K | $12K | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $789,185 revenue, 12 lines filed
Part VI · Governance 8 of 8 board members independent, 3 to look at
Part VIII · Statement of revenue $789,185 across 8 lines filed
Part IX · Statement of functional expenses $589,689 across 11 lines filed
Part X · Balance sheet $909,756 assets, 11 lines filed
Part XI · Reconciliation of net assets $366,669 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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