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Nonprofiteer
← LAKE TAHOE SHAKESPEARE FESTIVAL

Form 990 for tax year 2023

Filed by LAKE TAHOE SHAKESPEARE FESTIVAL.

Totals

Total revenue
$3,657,072
Total expenses
$2,777,987
Contributions and grants received
$1,619,627
Grants paid
$0
Program service revenue
$1,822,532
Investment income
$141,108
Other revenue
$73,805
Total assets, end of year
$4,907,335
Total liabilities, end of year
$429,196
Net assets or fund balances, end of year
$4,478,139
Program services expenses (Part IX)
$1,964,840
Management and general expenses
$785,556
Fundraising expenses
$27,591
Program service expenses (Part III)
$1,964,840

Program services were 70.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $42,381

  • 1f · All other contributions, gifts and grants

    $1,577,246

  • 1g · Noncash contributions included above

    $124,727

  • 2a · Program service revenue: TICKET SALES

    total $1,774,032 · related or exempt $1,774,032

  • 2b · Program service revenue: STAGE RENTAL

    total $29,500 · related or exempt $29,500

  • 2c · Program service revenue: PLAYBILL AD REVENUE

    total $11,250 · related or exempt $11,250

  • 2d · Program service revenue: INTERACT REVENUE

    total $7,750 · related or exempt $7,750

  • 3 · Investment income

    total $109,261 · related or exempt $109,261

  • 7b · Less cost or other basis and sales expenses

    securities -$31,847

  • 7c · Gain or loss

    securities $31,847

  • 7d · Net gain or loss

    total $31,847 · related or exempt $31,847

  • 10a · Gross sales of inventory

    $116,406

  • 10b · Cost of goods sold

    $42,601

  • 10c · Net income from sales of inventory

    total $73,805 · related or exempt $73,805

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $752,583 · program services $270,784 · management and general $481,799

  • 8 · Pension plan contributions

    total $32,615 · program services $4,235 · management and general $28,380

  • 9 · Other employee benefits

    total $76,391 · program services $39,353 · management and general $37,038

  • 10 · Payroll taxes

    total $63,423 · program services $23,451 · management and general $39,972

  • 11b · Fees: legal

    total $723 · program services $723

  • 11c · Fees: accounting

    total $9,065 · program services $9,065

  • 11f · Fees: investment management

    total $2,303 · program services $2,303

  • 12 · Advertising and promotion

    total $222,551 · program services $222,551

  • 13 · Office expenses

    total $22,683 · management and general $22,683

  • 14 · Information technology

    total $2,771 · program services $2,771

  • 16 · Occupancy

    total $132,916 · program services $88,145 · management and general $44,771

  • 17 · Travel

    total $328,001 · program services $273,818 · management and general $54,183

  • 22 · Depreciation, depletion and amortization

    total $95,593 · program services $88,358 · management and general $7,235

  • 23 · Insurance

    total $48,429 · program services $48,429

  • 24a · Other expenses: PRODUCTION EXPENSES, OT

    total $661,081 · program services $661,081

  • 24b · Other expenses: TICKET SALE EXPENSES

    total $185,497 · program services $185,497

  • 24c · Other expenses: UTILITIES

    total $69,949 · program services $33,732 · management and general $36,217

  • 24d · Other expenses: CONSULTING

    total $33,278 · management and general $33,278

  • 24e · All other expenses

    total $38,135 · program services $10,544 · fundraising $27,591

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $217,284 · end of year $534,388

  • 2 · Savings and temporary cash investments

    beginning of year $2,052,321 · end of year $2,659,006

  • 4 · Accounts receivable

    beginning of year $143,039 · end of year $75,760

  • 7 · Other notes and loans receivable

    end of year $40,746

  • 8 · Inventories for sale or use

    beginning of year $11,780 · end of year $13,934

  • 9 · Prepaid expenses and deferred charges

    beginning of year $23,876 · end of year $54,220

  • 10a · Land, buildings and equipment: cost or other basis

    $3,130,962

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,881,927

  • 10c · Land, buildings and equipment, net

    beginning of year $255,023 · end of year $249,035

  • 11 · Investments: publicly traded securities

    beginning of year $1,018,573 · end of year $1,195,265

  • 12 · Investments: other securities

    beginning of year $50,057 · end of year $57,766

  • 15 · Other assets

    beginning of year $27,212 · end of year $27,215

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,210 · end of year $51,403

  • 19 · Deferred revenue

    beginning of year $309,488 · end of year $377,793

  • 27 · Net assets without donor restrictions

    beginning of year $3,471,467 · end of year $4,478,139

Mission and programs · 2023

Mission

THE MISSION OF LAKE TAHOE SHAKESPEARE FESTIVAL IS TO ENRICH OUR COMMUNITY BY PROVIDING THE HIGHEST QUALITY THEATRICAL AND CULTURAL PRODUCTIONS FOR THE RESIDENTS OF THE GREATER LAKE TAHOE AREA AND VISITORS FROM ALL OVER THE WORLD. WE ALSO PROVIDE MEANINGFUL EDUCATIONAL EXPERIENCES FOR YOUTH BY OFFERING THEATRICAL OUTREACH PROGRAMS THROUGHOUT OUR REGION.

Activities or mission (Part I)

THE PRESENTATION OF SHAKESPEARE PLAYS ON THE BEACH AT LAKE TAHOE TO ENHANCE TOURISM TO THE LOCAL AREA.

  • SHAKESPEARE AT LAKE TAHOE DRAWS THOUSANDS OF TOURISTS EACH YEAR TO THE LOCAL AREA TO SEE THE PRODUCTION OF SHAKESPEAREAN PLAYS.

    Expenses $1,938,669 · Revenue $1,964,287

  • 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.

    Expenses $26,171 · Revenue $7,750

  • 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.

    Revenue $65,408

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michael Chamberlain

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Vicki McGowen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Patricia Engels

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.5

  • Atam Lalchandani

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Katharine Elek

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • David Loury

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Patty Jansen

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Amanda Flangas

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Deborah Lenzi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Soraya Aguirre

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jennifer Cunningham

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Michael Hurst

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Karen Meyer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Paula Garavaglia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Colleen Muratore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Janet Lowe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Joseph Seminetta

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
28 October 2024
IRS schema version
2023v5.1
Source object
202403029349300885

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