LAKE TAHOE DANCE COLLECTIVE

EIN: 472304889 501(c)(3) Arts, Culture & Humanities

Tahoe City, CA

Total Revenue
$344,486
Total Expenses
$325,424
Total Assets
$85,766
Net Assets
$70,985
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
CA
Principal Officer
Christin Hanna Madigan
Phone
5306134363
Tax Period
2024-01-01 to 2024-12-31

LAKE TAHOE DANCE COLLECTIVE, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $344K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $325K left a modest 6% surplus.

Mission

To promote classical, modern and contemporary dance of the finest quality in the Lake Tahoe area through performance, education and outreach, enriching the community as a whole and as a cultural destination.

Program Service Accomplishments

Program 1
Expenses: $302,823 Revenue: $160,212

2024 Performances:Spring Repertory Season featured the staging of the Act 2 Scene 2 of Don Quixote, the Dream Sequence, featuring 9 new apprentice dancers welcomed into the company alongside 6 older...

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2024 Performances:Spring Repertory Season featured the staging of the Act 2 Scene 2 of Don Quixote, the Dream Sequence, featuring 9 new apprentice dancers welcomed into the company alongside 6 older dancers. The second half of the program featured a re-staging of choreographer Constantine Baechers Childrens Corner which first premiered at New Chamber Ballet in New York City. Alongside Baecher, we welcomed back 2019 cast member Alex Schwartz to assist in the studio rehearsals.Lake Tahoe Dance Festival and Young dancers workshop hosted artists from NYC Ballet, Ballet Arizona, Boston Ballet, LA Dance Project, Houston Ballet, Broadway, Erick Hawkins Dance, and the Metropolitan Opera Ballet. Our Young Dancer workshop hosted two levels of dancers, 16 in total, over three weeks. Our guests performed excerpts from Broadway Shows, revived classics, and three newly-commissioned works for the festival by choreographers Daniel Baudendistel & Valerie Madonia, Maxfield Haines, and Daphne Fernberger. An added performance in King Beach with tickets at just $25 maximized community outreach.Our Tahoe Nutcracker returned in the holiday season to record-breaking audiences, all while keeping ticket prices under $30.2024 Classes & Education:Continued to offer classes in Incline Village, NV and Tahoe City, CA for ages three and up. Many of our students require financial assistance to attend ballet classes due to the high cost of living in our area.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $175,749
Program Service Revenue $160,212
Investment Income $0
Other Revenue $8,525
TOTAL REVENUE $344,486

Expense Breakdown

Grants Paid $35,161
Salaries & Benefits $45,379
Fundraising Expenses $4,831
Program Expenses $302,823
Other Expenses $244,884
TOTAL EXPENSES $325,424

Year-over-Year Comparison

2024 2023 Change
Revenue $344,486 $285,795 +0.2%
Expenses $325,424 $281,970 +0.2%
Net Income $19,062 $3,825 +4.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
7
Volunteers
107

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$28,667
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Christin Hanna Madigan Exec/Artist Dir 40.00
Officer
$28,667 $0 $28,667
Timea Griset President 3.00
Officer Director
$0 $0 $0
Michael Gelbman Treasurer 3.00
Officer Director
$0 $0 $0
Hillary Lane Secretary 3.00
Officer Director
$0 $0 $0
Kathleen Dale Director 3.00
Director
$0 $0 $0
Marjory Prisco Director 3.00
Director
$0 $0 $0
JoAnn Ellero Director 3.00
Director
$0 $0 $0
Allyson Schreiber Director 3.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $344,486 $325,424 $85,766 $19,062
2023 $285,795 $281,970 $65,853 $3,825
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