Lake Tahoe Shakespeare Festival
Nonprofit profile at a glance
- EIN
- 880358637
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Incline Village, NV, USA
- Phone
- 7758321616
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Theater
Reported finances
- Revenue
- $3,386,753
- Expenses
- $3,061,032
- Assets
- $5,228,817
- Liabilities
- $354,437
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
People named in this filing
- MICHAEL CHAMBERLAIN (DIRECTOR)
- VICKI MCGOWEN (DIRECTOR)
- PATRICIA ENGELS (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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.
What it reported doing in 2024
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.
Operating model
- Revenue model
- Earned-program. 64% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 92
- Accountability: 82
- Sustainability: 64
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 73.5%; rating input score 74
- Program expense ratio: 76.5%; rating input score 76
- Fundraising efficiency: $33.98 raised per $1 spent on fundraising; rating input score 72; 72nd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 7 controls in place; rating input score 57
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 9.6%; rating input score 62; 62nd percentile among comparable filings
- Total-asset coverage ratio: 1.71; rating input score 56; 56th percentile among comparable filings
- Liabilities to assets ratio: 0.07; rating input score 65; 65th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings
Growth
- Program expense growth: 6.4% per year; rating input score 100; 48th percentile among comparable filings
- Revenue growth: 7.7% per year; rating input score 100; 58th percentile among comparable filings
- Asset growth: 14.8% per year; rating input score 100; 74th percentile among comparable filings
Details
- Where the money goes: 73.5% of revenue deployed · 76.5% of spending went to programs
- Governance: 18 of 18 board members independent · 4 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $2.3M in reported program spending
- Leadership: top reported pay $0 · 17 people listed
- Consistency: 31 of 31 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- Review — Sustainability: Total-asset coverage ratio scored 56/100.