Tahoe School Of Music
- Assets
- $91.7k
- Revenue
- $359.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Truckee, CA
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 46-0914096
Organization Overview
Tahoe School Of Music is located in Truckee, CA. The organization was established in 2014. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tahoe School Of Music is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Tahoe School Of Music generated $359.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $352.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE EDUCATION AND SHARING OF MUSIC AMONGST NEW AND EXPERIENCED MUSICIANS PROVIDE ENVIRONMENT THAT SERVES AS A POSITIVE OUTLET FOR LEARNING, CREATIVITY AND SHARING MUSIC TO INFORM COMMUNITY ABOUT MUSICAL PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING MUSIC LESSONS. LESSONS WERE GIVEN TO MORE THAN 200 PEOPLE OF ALL AGES ,RACES AND COLOR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elisa Dinallo Director | Trustee | 1 | $53,200 |
Patricia Johnson Treasurer | OfficerTrustee | 1 | $0 |
Judy Friedman Secretary | OfficerTrustee | 1 | $0 |
Steve Randall President | OfficerTrustee | 2 | $0 |
Rick Mitchell Vice President | OfficerTrustee | 1 | $0 |
Ben Martin Director | Trustee | 50 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $15,497 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $81,070 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $96,567 |
| Total Program Service Revenue | $247,002 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $15,497 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $359,066 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $53,200 |
| Compensation of current officers, directors, key employees. | $53,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $137,175 |
| Pension plan accruals and contributions | $26,000 |
| Other employee benefits | $0 |
| Payroll taxes | $4,231 |
| Fees for services: Management | $49,888 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,195 |
| Fees for services: Lobbying | $4,776 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,445 |
| Office expenses | $6,395 |
| Information technology | $4,508 |
| Royalties | $0 |
| Occupancy | $32,450 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $170 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,684 |
| Insurance | $676 |
| All other expenses | $12,121 |
| Total functional expenses | $352,948 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,727 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,655 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,211 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,120 |
| Total assets | $91,713 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $407 |
| Total liabilities | $407 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $4,211 |
| Retained earnings, endowment, accumulated income, or other funds | $87,095 |
| Total liabilities and net assets/fund balances | $91,713 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Tahoe School Of Music has recieved totaling $18,045.
| Awarding Organization | Amount |
|---|---|
Martis Camp Community Foundation Truckee, CA PURPOSE: MUSIC LESSON SCHOLARSHIPS | $10,000 |
Heffernan Foundation Walnut Creek, CA PURPOSE: 2021 GRANT | $5,000 |
The Bessie Minor Swift Foundation Carlsbad, CA PURPOSE: PURCHASE OF INSTRUMENTS TO BE USED IN A FREE LIBRARY OF MUSICAL INSTRUMENTS AND SHEET MUSIC | $3,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $45 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Musicares Foundation Inc Santa Monica, CA | $28,828,154 | $32,357,649 |
San Francisco Jazz Organization San Francisco, CA | $64,965,614 | $11,913,007 |
Music Concourse Community Partnership San Francisco, CA | $31,271,076 | $4,428,131 |
Berkeley Music Group Berkeley, CA | $6,181,022 | $4,579,247 |
Kronos Performing Arts Assn San Francisco, CA | $1,591,460 | $2,774,082 |
Monterey Jazz Festival Monterey, CA | $3,593,346 | $4,129,138 |
Mosier Community School Foundation Inc Mosier, OR | $3,936,713 | $2,235,279 |
Carmel Bach Festival Inc Carmel, CA | $1,675,160 | $2,099,477 |
Camerata Pacifica Santa Barbara, CA | $1,526,106 | $1,221,933 |
American Bach Soloists San Francisco, CA | $908,845 | $1,282,181 |
Music For Minors Inc San Carlos, CA | $710,130 | $1,519,051 |
New West Symphony Association Thousand Oaks, CA | $774,216 | $1,642,962 |