Nonprofit · EIN 23-7182079
LOWER ADIRONDACK REGIONAL ARTS COUNCIL INC
Also known as LARAC
Tax-exempt · GLENS FALLS, NY 12801
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $317,873 | $345,386 | -$27,513 | $159,049 | $29,060 | $129,989 |
| December 31, 2023 | 990 | $330,020 | $371,406 | -$41,386 | $195,633 | $38,131 | $157,502 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $209,226
- of which government grants
- $175,000
- Membership dues
- $21,690
- Program service revenue
- $43,351
- Investment income
- $0
- Other revenue
- $65,296
Expenses
- Grants and similar amounts paid
- $101,572
- Compensation of officers, directors and key employees
- $59,000
- Other salaries and wages
- $53,660
- Salaries, compensation and benefits (total)
- $127,834
- Professional fundraising fees
- $0
- Accounting fees
- $14,208
- Occupancy
- $12,328
- Depreciation
- $8,910
- Program services (functional)
- $283,539
- Management and general (functional)
- $48,262
- Fundraising (functional)
- $13,585
Balance sheet and other
- Total assets, start of year
- $195,633
- Total assets, end of year
- $159,049
- Total liabilities, end of year
- $29,060
- Net assets, end of year
- $129,989
- Land, buildings and equipment
- $142,553
- Net assets without donor restrictions
- $129,989
- Gross receipts
- $317,873
- Employees
- 3
- Volunteers
- 100
- 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 |
|---|---|---|---|
| Liz Wilcox | Director Trustee or director | 0 | $0 |
| Taylor Myers | Director Trustee or director | 0 | $0 |
| Will Sawma | Chairman Officer | 0 | $0 |
| Carol Ann Conover | Trustee Officer | 0 | $0 |
| Anne Nelson | Treasurer Officer | 0 | $0 |
| David HB Thomas | Secretary Officer | 0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CAROL ANN CONOVER | VICE CHAIR Trustee or director, Officer | – | $0 |
| TAYLOR MYERS | DIRECTOR Trustee or director | – | $0 |
| ANNE NELSON | TREASURER Trustee or director, Officer | – | $0 |
| WILLARD JP SIEGEL-SAWMA | CHAIR Trustee or director, Officer | – | $0 |
| DAVID HB THOMAS | SECRETARY Trustee or director, Officer | – | $0 |
| LIZ WILCOX | DIRECTOR Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 7 LAPHAM PL, GLENS FALLS, NY 12801-3605
- Principal officer (990 for 2024)
- Will Sawma, 7 Lapham Pl, Glens Falls, NY 12801
- Signed the 990
- Anne Nelson, Treasurer
- Phone
- (518) 793-2006
- Website
- www.LARAC.org
- Return prepared by
- Thomas J Clary
Mission
LARAC's mission is to enrich the quality of life in Warren, Washington, and Norhtern Saratoga Counties. LARAC promotes, develops, coordinates and provides arts activities and services.
Program accomplishments
- Promoting and supporting the arts through regrants to artists and arts organizations, a gallery space, arts-related festivals, and classes and workshops.Expenses $283,539
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
- 23-7182079
- 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
- 1972
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A26Z)
- Assets (IRS master file)
- $159,049
- Income (IRS master file)
- $317,873
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $317,873 | $345,386 | $159,049 | XML |
| 990 | December 2023 | $330,020 | $371,406 | $195,633 | XML |
| 990 | December 2022 | $331,476 | $375,882 | $251,384 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 23-7182079).
Questions about LOWER ADIRONDACK REGIONAL ARTS COUNCIL INC
- What is the EIN of LOWER ADIRONDACK REGIONAL ARTS COUNCIL INC?
- The employer identification number (EIN) of LOWER ADIRONDACK REGIONAL ARTS COUNCIL INC is 23-7182079.
- Is LOWER ADIRONDACK REGIONAL ARTS COUNCIL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1972.
- Are donations to LOWER ADIRONDACK REGIONAL ARTS COUNCIL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LOWER ADIRONDACK REGIONAL ARTS COUNCIL 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 LOWER ADIRONDACK REGIONAL ARTS COUNCIL 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 LOWER ADIRONDACK REGIONAL ARTS COUNCIL 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 LOWER ADIRONDACK REGIONAL ARTS COUNCIL INC?
- The 990 for the year ended December 31, 2024 names Will Sawma.
- Who are the officers and directors of LOWER ADIRONDACK REGIONAL ARTS COUNCIL INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does LOWER ADIRONDACK REGIONAL ARTS COUNCIL INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $317,873, expenses of $345,386 and total assets of $159,049 at year end.
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