Nonprofit · EIN 26-4827328
LAKEARTS FOUNDATION INC
Tax-exempt · NORTH EAST, PA 16428
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $3,765 | $3,820 | -$55 | $530 | $0 | $530 |
| December 31, 2024 | 990 | $4,413 | $5,773 | -$1,360 | $585 | $0 | $585 |
| December 31, 2023 | 990 | $24,637 | $26,365 | -$1,728 | $1,945 | $0 | $1,945 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $3,765
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $562
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $325
- Occupancy
- $690
- Program services (functional)
- $3,820
Balance sheet and other
- Total assets, start of year
- $585
- Total assets, end of year
- $530
- Total liabilities, end of year
- $0
- Net assets, end of year
- $530
- Gross receipts
- $3,765
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2009
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BONNIE NELSON SCHWARTZ | VP PRODUCTION DIRECTOR Trustee or director | 15 | $0 |
| THOMAS LOHSE | TREASURER Trustee or director | 1 | $0 |
| MARGARET JOHNSON | EXECUTIVE DIRECTOR Officer | 50 | $0 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BONNIE NELSON SCHWARTZ | VP PRODUCTION DIRECTOR Trustee or director | 15 | $0 |
| THOMAS LOHSE | TREASURER Trustee or director | 1 | $0 |
| MARGARET JOHNSON | EXECUTIVE DIRECTOR Officer | 50 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS LOHSE | TREASURER Trustee or director | 1 | $0 |
| BONNIE NELSON SCHWARTZ | VP PRODUCTION DIRECTOR Trustee or director | 15 | $0 |
| MARGARET JOHNSON | EXECUTIVE DIRECTOR Officer | 50 | $0 |
Address and contacts
- Address (IRS master file)
- 11060 FREEPORT LANE STE 231, NORTH EAST, PA 16428-3006
- In care of
- % MARGARET JOHNSON
- Signed the 990
- MARGARET JOHNSON, President
- Phone
- (716) 451-4004
- Return prepared by
- AM SUCHAR ACCOUNTANTS
Mission
PRESENTATION OF INNOVATION IN ARTS AND EDUCATIONAL WORKSHOPS
Program accomplishments
- PRESENTATION OF INNOVATION IN ARTS AND EDUCATIONAL WORKSHOPSExpenses $3,820
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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 | 990 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
- 26-4827328
- 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
- 2010
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Arts, culture and humanities (A60)
- Assets (IRS master file)
- $530
- Income (IRS master file)
- $3,765
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $3,765 | $3,820 | $530 | IRS |
| 990 | December 2024 | $4,413 | $5,773 | $585 | IRS |
| 990 | December 2023 | $24,637 | $26,365 | $1,945 | XML |
| 990 | December 2022 | $3,344 | $24,130 | $3,673 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 26-4827328).
Questions about LAKEARTS FOUNDATION INC
- What is the EIN of LAKEARTS FOUNDATION INC?
- The employer identification number (EIN) of LAKEARTS FOUNDATION INC is 26-4827328.
- Is LAKEARTS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to LAKEARTS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LAKEARTS FOUNDATION INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of LAKEARTS FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LAKEARTS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who are the officers and directors of LAKEARTS FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does LAKEARTS FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $3,765, expenses of $3,820 and total assets of $530 at year end.
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