Nonprofit · EIN 82-0496918
LOST IN THE 50S INC
Tax-exempt · SANDPOINT, ID 83864
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,308 | $6,499 | -$2,191 | $319 | $45,795 | -$45,476 |
| December 31, 2023 | 990 | $6,453 | $5,536 | $917 | $2,510 | $45,795 | -$43,285 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $65,739
- Program service revenue
- $0
- Investment income
- $0
- Net income from fundraising events
- -$61,431
- Other revenue
- -$61,431
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $800
- Program services (functional)
- $6,499
Balance sheet and other
- Total assets, start of year
- $2,510
- Total assets, end of year
- $319
- Total liabilities, end of year
- $45,795
- Net assets, end of year
- -$45,476
- Net assets without donor restrictions
- -$45,476
- Gross receipts
- $113,252
- Employees
- 0
- Year formed
- 1999
- State of legal domicile
- ID
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 |
|---|---|---|---|
| CAROLYN GLEASON | PRESIDENT Trustee or director, Officer | – | $0 |
| SALLY TRANSUE | TREASURER Trustee or director, Officer | – | $0 |
990 for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CAROLYN GLEASON | PRESIDENT Trustee or director, Officer | 10 | $0 |
| SALLY TRANSUE | TREASURER Trustee or director, Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 215 S SECOND AVE, SANDPOINT, ID 83864-1310
- In care of
- % CAROLYN R GLEASON
- Principal officer (990 for 2024)
- CAROLYN GLEASON, 1011 POPLAR, SANDPOINT, ID 83864
- Signed the 990
- CAROLYN GLEASON, PRESIDENT
- Phone
- (208) 265-5678
- Website
- FACEBOOK.COM/LOST50S
- Return prepared by
- ASAP TAX & ACCOUNTING SERVICE
Mission
MAJOR SMALL TOWN EVENT DRAWING HUNDREDS OF PEOPLE FOR A 2 DAY EVENT FEATURING A CAR SHOW AND DANCE AND 5K RUN. BENEFITTING AREA HOTELS AND RESTAURANTS PLUS A NUMBER OF AREA CLUBS AND ORGANIZATIONS IN FUNDRAISING ACTIVITIES.
Program accomplishments
- CAR SHOW FEES, MERCHANDISE SALES, CONCERT & DANCE TICKET SALES WHICH PROVIDE THE REVENUE TO HOLD THE EVENT. THIS ACTIVITY BENEFITS THE AREA HOTELS AND RESTAURANTS BY DRAWING IN HUNDREDS OF PEOPLE TO THE AREA. THE ACTIVITY ALSO HELPS ARE CLUBS AND ORGANIZATIONS IN THEIR FUNDRAISING ACTIVITIES.
- CAR SHOW FEES, MERCHANDISE SALES, CONCERT & DANCE TICKET SALES WHICH PROVIDE THE REVENUE TO HOLD THE EVENT. THIS ACTIVITY BENEFITS THE AREA HOTELS AND RESTAURANTS BY DRAWING IN HUNDREDS OF PEOPLE TO THE AREA. THE ACTIVITY ALSO HELPS ARE CLUBS AND ORGANIZATIONS IN THEIR FUNDRAISING ACTIVITIES.Expenses $6,499
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
- 82-0496918
- 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
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T40)
- Assets (IRS master file)
- $319
- Income (IRS master file)
- $113,252
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,308 | $6,499 | $319 | XML |
| 990 | December 2023 | $6,453 | $5,536 | $2,510 | XML |
| 990 | December 2022 | $4,233 | $11,917 | $1,592 | 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 82-0496918).
Questions about LOST IN THE 50S INC
- What is the EIN of LOST IN THE 50S INC?
- The employer identification number (EIN) of LOST IN THE 50S INC is 82-0496918.
- Is LOST IN THE 50S INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to LOST IN THE 50S INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LOST IN THE 50S 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 LOST IN THE 50S 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 LOST IN THE 50S 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 LOST IN THE 50S INC?
- The 990 for the year ended December 31, 2024 names CAROLYN GLEASON.
- Who are the officers and directors of LOST IN THE 50S INC?
- The 990 for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does LOST IN THE 50S INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,308, expenses of $6,499 and total assets of $319 at year end.
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