Nonprofit · EIN 16-0805165
SILVER LAKE INSTITUTE COR
Tax-exempt (reinstated) · SILVER LAKE, NY 14549
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $226,039 | $227,392 | -$1,353 | $2,014,621 | $8,000 | $2,006,621 |
| December 31, 2023 | 990 | $206,998 | $281,347 | -$74,349 | $2,008,942 | $8,000 | $2,000,942 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $45,727
- Program service revenue
- $159,169
- Investment income
- $1,212
- Net income from fundraising events
- $501
- Other revenue
- $19,931
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $54,648
- Salaries, compensation and benefits (total)
- $58,871
- Professional fundraising fees
- $0
- Accounting fees
- $7,856
- Depreciation
- $3,120
- Program services (functional)
- $203,034
- Management and general (functional)
- $24,358
Balance sheet and other
- Total assets, start of year
- $2,008,942
- Total assets, end of year
- $2,014,621
- Total liabilities, end of year
- $8,000
- Net assets, end of year
- $2,006,621
- Land, buildings and equipment
- $1,790,660
- Publicly traded securities
- $123,628
- Net assets without donor restrictions
- $2,006,621
- Gross receipts
- $256,420
- Employees
- 2
- Volunteers
- 0
- Year formed
- 1857
- 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 |
|---|---|---|---|
| Colleen Christmann | Trustee Trustee or director | 12.02 | $0 |
| Bob Cook | Trustee Trustee or director | 1.44 | $0 |
| Brad Huber | Trustee Trustee or director | 9.62 | $0 |
| Julia Hoffner | Trustee Trustee or director | 5.77 | $0 |
| Tom Kraft | Trustee Trustee or director | 2.79 | $0 |
| Arron McConnell | Trustee Trustee or director | 4.81 | $0 |
| Bill Schaefer | Trustee Trustee or director | 3.85 | $0 |
| Kevin Colburn | President Officer | 14.42 | $0 |
| Kris Schultz | Vice President Officer | 17.27 | $0 |
| Jill Knitter | Treasurer Officer | 11.54 | $0 |
| Jeanne Owens | Secretary Officer | 9.62 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Charles Dusel | Trustee Trustee or director | 1.88 | $0 |
| Colleen Christmann | Trustee Trustee or director | 5.4 | $0 |
| Dan Longhany | Trustee/Director Trustee or director | 1.44 | $0 |
| Jeanne Owens | Trustee Trustee or director | 4.81 | $0 |
| Julie Hoffner | Trustee Trustee or director | 9.62 | $0 |
| Robert Cook | Trustee Trustee or director | 0.77 | $0 |
| Jill Knitter | Treasure/Finance Officer | 9.62 | $0 |
| Kevin Colburn | President Officer | 15 | $0 |
| Kris Schultz | Vice President Officer | 13.85 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 20, SILVER LAKE, NY 14549-0020
- Principal officer (990 for 2024)
- Kevin Colburn, PO Box 20, Silver Lake, NY 14549
- Signed the 990
- Kevin Colburn, President
- Phone
- (585) 237-6639
- Website
- www.silverlakeinstitute.org
- Return prepared by
- Allied CPAs PC
Mission
The Silver Lake Institute is dedicated to enriching the lives of all who live here or come to visit us. Our programs focus on entertainment, arts, spiritual, social, education, community and family.
Program accomplishments
- Weekly organized events throughout the summer, as well as other events during the year which promote learning and a sense of community. The Institute also maintains the orderliness and cleanliness of the properties located within the Institute grounds which enables the furtherance of their exempt purposes.Expenses $203,034 · revenue $178,599
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
- 16-0805165
- 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
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A03)
- Assets (IRS master file)
- $2,014,621
- Income (IRS master file)
- $256,420
Revocation and reinstatement
- Exemption revoked
- May 15, 2017
- Posted by the IRS
- July 29, 2017
- Reinstated
- Effective May 15, 2017
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $226,039 | $227,392 | $2,014,621 | XML |
| 990 | December 2023 | $206,998 | $281,347 | $2,008,942 | XML |
| 990 | December 2022 | $211,392 | $204,052 | $2,068,453 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 16-0805165).
Questions about SILVER LAKE INSTITUTE COR
- What is the EIN of SILVER LAKE INSTITUTE COR?
- The employer identification number (EIN) of SILVER LAKE INSTITUTE COR is 16-0805165.
- Is SILVER LAKE INSTITUTE COR tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2017 and reinstated it effective May 15, 2017.
- Are donations to SILVER LAKE INSTITUTE COR tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SILVER LAKE INSTITUTE COR 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 SILVER LAKE INSTITUTE COR 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 SILVER LAKE INSTITUTE COR 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 SILVER LAKE INSTITUTE COR?
- The 990 for the year ended December 31, 2024 names Kevin Colburn.
- Who are the officers and directors of SILVER LAKE INSTITUTE COR?
- The 990 for the year ended December 31, 2024 lists 11 people; 0 received compensation from the organization.
- How much revenue does SILVER LAKE INSTITUTE COR have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $226,039, expenses of $227,392 and total assets of $2,014,621 at year end.
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All nonprofits in SILVER LAKE · New York · Arts, culture and humanities