Nonprofit · EIN 14-6030874
LAKE PLACID ASSOCIATION FOR MUSIC DRAMA & ART INC
Tax-exempt · LAKE PLACID, NY 12946
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $10,930,703 | $2,593,119 | $8,337,584 | $12,147,795 | $821,486 | $11,326,309 |
| December 31, 2023 | 990 | $3,341,164 | $2,211,438 | $1,129,726 | $4,119,947 | $1,150,252 | $2,969,695 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $9,933,225
- of which government grants
- $1,556,842
- Program service revenue
- $676,174
- Investment income
- $128,779
- Net rental income
- $5,301
- Net gain from sales of assets
- $2,357
- Net income from fundraising events
- $186,470
- Other revenue
- $192,525
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $87,154
- Other salaries and wages
- $425,628
- Salaries, compensation and benefits (total)
- $645,372
- Professional fundraising fees
- $150,000
- Legal fees
- $1,457
- Accounting fees
- $13,260
- Occupancy
- $77,158
- Travel
- $11,548
- Depreciation
- $65,006
- Program services (functional)
- $1,224,642
- Management and general (functional)
- $905,307
- Fundraising (functional)
- $463,170
Balance sheet and other
- Total assets, start of year
- $4,119,947
- Total assets, end of year
- $12,147,795
- Total liabilities, end of year
- $821,486
- Net assets, end of year
- $11,326,309
- Land, buildings and equipment
- $1,481,150
- Publicly traded securities
- $441,746
- Net assets without donor restrictions
- $3,826,627
- Net assets with donor restrictions
- $7,499,682
- Gross unrelated business income
- -$29,346
- Gross receipts
- $11,044,177
- Employees
- 9
- Year formed
- 1972
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES LEMONS | EXECUTIVE DI Officer | 40 | $87,154 |
| TERESA BRADY | TRUSTEE Trustee or director | 1 | $0 |
| CHERYL BRAUNSTEIN | TRUSTEE Trustee or director | 1 | $0 |
| MARYLOU BROWN | TRUSTEE Trustee or director | 1 | $0 |
| ADELE CONNORS | CO-PRESIDENT Trustee or director, Officer | 1 | $0 |
| MIKE FOOTE | SECRETARY Trustee or director, Officer | 1 | $0 |
| SARAH GALVIN | TRUSTEE Trustee or director | 1 | $0 |
| JOAN GIGNOUX | TRUSTEE Trustee or director | 1 | $0 |
| DEBBIE HEIDECORN | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| JENNIFER JENNINGS | TRUSTEE Trustee or director | 1 | $0 |
| CATHY JOHNSTON | TREASURER Trustee or director, Officer | 1 | $0 |
| TAMMY LOEWY | TRUSTEE Trustee or director | 1 | $0 |
| NANCY MASTER | TRUSTEE Trustee or director | 1 | $0 |
| CATHY MCGRAW | TRUSTEE Trustee or director | 1 | $0 |
| MARGIE PHILO | TRUSTEE Trustee or director | 1 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DALE SKIVINGTON | TRUSTEE Trustee or director | 1 | $0 |
| TRACY SMITH | CO-PRESIDENT Trustee or director, Officer | 1 | $0 |
| MICHAEL TARDIF | TRUSTEE Trustee or director | 1 | $0 |
| DENJA WEIBRECHT | TRUSTEE Trustee or director | 1 | $0 |
| ALLIE WITHEE | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES LEMONS | EXECUTIVE DI Officer | 40 | $69,773 |
| TERESA BRADY | TRUSTEE Trustee or director | 1 | $0 |
| CHERYL BRAUNSTEIN | TRUSTEE Trustee or director | 1 | $0 |
| MARYLOU BROWN | TRUSTEE Trustee or director | 1 | $0 |
| ADELE CONNORS | CO-PRESIDENT Trustee or director, Officer | 1 | $0 |
| MIKE FOOTE | SECRETARY Trustee or director, Officer | 1 | $0 |
| SARAH GALVIN | TRUSTEE Trustee or director | 1 | $0 |
| JOAN GIGNOUX | TRUSTEE Trustee or director | 1 | $0 |
| DEBBIE HEIDECORN | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| TRACEY LEGAT HOWE | TRUSTEE Trustee or director | 1 | $0 |
| JENNIFER JENNINGS | TRUSTEE Trustee or director | 1 | $0 |
| CATHY JOHNSTON | TREASURER Trustee or director, Officer | 1 | $0 |
| TAMMY LOEWY | TRUSTEE Trustee or director | 1 | $0 |
| NANCY MASTER | TRUSTEE Trustee or director | 1 | $0 |
| CATHY MCGRAW | TRUSTEE Trustee or director | 1 | $0 |
| JUDY MEAGHER | TRUSTEE Trustee or director | 1 | $0 |
| DARCY NORFOLK | TRUSTEE Trustee or director | 1 | $0 |
| JOEL PELLER | TRUSTEE Trustee or director | 1 | $0 |
| MARGIE PHILO | TRUSTEE Trustee or director | 1 | $0 |
| DALE SKIVINGTON | TRUSTEE Trustee or director | 1 | $0 |
| TRACY SMITH | CO-PRESIDENT Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 17 ALGONQUIN DR, LAKE PLACID, NY 12946-1054
- In care of
- % LAKE PLACID CENTER FOR THE ARTS
- Principal officer (990 for 2024)
- TRACY SMITH, 17 ALGONQUIN DRIVE, LAKE PLACID, NY 12946
- Signed the 990
- TRACY SMITH, CO-PRESIDENT
- Phone
- (518) 523-2512
- Website
- WWW.LAKEPLACIDARTS.ORG
- Return prepared by
- ALEXANDER EDWARDS AND COMPANY CPAS PC
Mission
THE LAKE PLACID CENTER FOR THE ARTS IS DEDICATED TO PRESENTING AND FOSTERING QUALITY ARTS, WHICH INSPIRE, ENRICH, EDUCATE, AND ENTERTAIN PEOPLE OF ALL AGES.
Program accomplishments
- PRESENTING PROGRAMS: THE LAKE PLACID CENTER FOR THE ARTS PRESENTED ARTS PROGRAMS INCLUDING: 32 FILM SCREENINGS; 15 MUSIC PERFORMANCES; 9 DANCE PERFORMANCES; 12 THEATRE PERFORMANCES.Expenses $486,090 · revenue $202,636
- GALLERY PROGRAMS: THE LAKE PLACID CENTER FOR THE ARTS PRESENTED 6 GALLERY EXHIBITIONS IN THE FINE ARTS GALLERY. THE LAKE PLACID CENTER FOR THE ARTS ALSO OPERATED A GALLERY ON MAIN STREET IN DOWNTOWN LAKE PLACID.Expenses $466,685 · revenue $297,483
- EDUCATION PROGRAMS: THE LAKE PLACID CENTER FOR THE ARTS PRESENTED ARTS EDUCATION INCLUDING: 3 ARTS EDUCATION PROGRAMS; 7 THEATRE PERFORMANCES; 2 DANCE PERFORMANCES; 3 MUSIC PERFORMANCES; BALLET AND DANCE TRAINING SCHOOL WITH 1 RECITALS AND 32 WEEKS OF INSTRUCTION; 1 ARTISTIC RESIDENCIES.Expenses $271,867 · revenue $176,055
- NEW YORK STATE COUNCIL ON THE ARTS GRANT TO DISTRIBUTE TO OTHER ART ORGANIZATIONS TO ENCOURAGE PERFORMANCES TO VARIOUS AREAS. AWARDS WERE GIVEN TO OVER 70 ORGANIZATIONS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 14-6030874
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1964
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A200)
- Assets (IRS master file)
- $12,147,795
- Income (IRS master file)
- $11,044,177
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $10,930,703 | $2,593,119 | $12,147,795 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $3,341,164 | $2,211,438 | $4,119,947 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $1,220,099 | $1,132,890 | $3,046,882 | IRS |
| 990 | May 2022 | $1,732,769 | $1,720,444 | $2,320,981 | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990 | May 2020 | – | – | – | IRS |
| 990 | May 2019 | – | – | – | IRS |
| 990 | May 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 14-6030874).
Questions about LAKE PLACID ASSOCIATION FOR MUSIC DRAMA & ART INC
- What is the EIN of LAKE PLACID ASSOCIATION FOR MUSIC DRAMA & ART INC?
- The employer identification number (EIN) of LAKE PLACID ASSOCIATION FOR MUSIC DRAMA & ART INC is 14-6030874.
- Is LAKE PLACID ASSOCIATION FOR MUSIC DRAMA & ART INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1964.
- Are donations to LAKE PLACID ASSOCIATION FOR MUSIC DRAMA & ART INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LAKE PLACID ASSOCIATION FOR MUSIC DRAMA & ART INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LAKE PLACID ASSOCIATION FOR MUSIC DRAMA & ART INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LAKE PLACID ASSOCIATION FOR MUSIC DRAMA & ART INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LAKE PLACID ASSOCIATION FOR MUSIC DRAMA & ART INC?
- The 990 for the year ended December 31, 2024 names TRACY SMITH.
- Who are the officers and directors of LAKE PLACID ASSOCIATION FOR MUSIC DRAMA & ART INC?
- The 990 for the year ended December 31, 2024 lists 20 people; 1 received compensation from the organization, the highest $87,154 (JAMES LEMONS, EXECUTIVE DI).
- How much revenue does LAKE PLACID ASSOCIATION FOR MUSIC DRAMA & ART INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $10,930,703, expenses of $2,593,119 and total assets of $12,147,795 at year end.
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