Lake Placid Association For Music Drama & Art Inc
Only null% goes to programs Strong reserves Growing revenue
Lake Placid Association For Music Drama & Art Inc is a 501(c)(3) organization based in Lake Placid, New York, registered in 1964, with $10,930,703 in FY2024 revenue. CharityIndex grades it B.
17 Algonquin Dr, Lake Placid, NY, 12946 EIN 14-6030874 Since 1964
Revenue (FY2024)
$10.9M
▲ 227.2% vs prior year
Arts & Culture median: $159K
Expenses (FY2024)
$2.6M
Net assets
$11.3M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Lake Placid Association For Music Drama & Art Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating52 mo reserves · +76% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Lake Placid Association For Music Drama & Art Inc: 52 mo reserves · +76% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Lake Placid Association For Music Drama & Art Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Lake Placid Association For Music Drama & Art Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 17 Algonquin Dr, Lake Placid, NY, 12946
- City
- Lake Placid
- State
- New York
- Category
- Arts, Culture & Humanities
- Subcategory
- Arts & Cultural Organizations
- Website
- …
Financial trends
Revenue grew from $982K (FY2013) to $10.9M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $821KNet assets $11.3M
Operating margin
76.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$12.1M
Total liabilities
$821K
Net assets
$11.3M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $10,930,703▲227% | $2,593,119▲17.3% | $11,326,309▲281% | $12,147,795▲195% | 990 |
| 2023 | $3,341,164▲174% | $2,211,438▲95.2% | $2,969,695▲63.3% | $4,119,947▲35.2% | 990 |
| 2022 | $1,220,099▼29.6% | $1,132,890▼34.2% | $1,818,125▲0.5% | $3,046,882▲31.3% | 990 |
| 2021 | $1,732,769▲32.7% | $1,720,444▲45.5% | $1,809,462▼9.6% | $2,320,981▼3.8% | 990 |
| 2020 | $1,305,551▼6.0% | $1,182,221▼19.1% | $2,001,934▲9.7% | $2,412,412▲14.6% | 990 |
| 2019 | $1,389,311▲12.4% | $1,462,121▲5.9% | $1,825,362▼4.0% | $2,105,151▲1.2% | 990 |
| 2018 | $1,235,931▼9.4% | $1,380,096▲1.4% | $1,902,033▼11.3% | $2,079,659▼7.8% | 990 |
| 2017 | $1,364,100▲15.1% | $1,361,156▲5.9% | $2,143,983▲2.1% | $2,256,658▲2.8% | 990 |
| 2016 | $1,184,772▼11.4% | $1,285,484▲8.1% | $2,099,150▲0.6% | $2,194,497▲2.1% | 990 |
| 2015 | $1,337,067▲43.9% | $1,189,256▲12.1% | $2,087,016▲2.5% | $2,149,779▲2.8% | 990 |
| 2014 | $929,012▼5.4% | $1,060,678▲11.8% | $2,036,104▼7.0% | $2,091,086▼6.2% | 990 |
| 2013 | $982,351 | $948,424▼2.0% | $2,188,647▲2.9% | $2,228,247▲3.7% | 990 |
| 2012 | — | $968,195▲8.3% | $2,127,504▲3.1% | $2,147,891▲3.4% | 990 |
| 2011 | — | $894,108 | $2,064,153 | $2,076,787 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $556K total
14 grants to Lake Placid Association For Music Drama & Art Inc totaling $556K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Collier Community Foundation Inc | Arts, culture, & humanities | 2024 | $250,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $35,000 |
| Ayco Charitable Foundation | Arts and culture | 2024 | $6,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2023 | $35,000 |
| Vermont Community Foundation | General purpose | 2023 | $5,500 |
| The Community Fdn of Middle Tn Inc | Charitable grant for lake placid center for the arts to use as they see fit | 2022 | $40,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2022 | $35,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2021 | $35,000 |
| Vermont Community Foundation | General purpose | 2021 | $10,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2020 | $25,000 |
| Vermont Community Foundation | General purpose | 2020 | $6,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2019 | $10,900 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2018 | $61,350 |
| Morgan Stanley Global Impact Funding Trust Inc | General support | 2016 | $1,000 |
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Frequently asked questions
- Is Lake Placid Association For Music Drama & Art Inc a legitimate nonprofit?
- Yes. Lake Placid Association For Music Drama & Art Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 14-6030874, based in Lake Placid, New York. Donations are tax-deductible.
- What is Lake Placid Association For Music Drama & Art Inc's EIN?
- Lake Placid Association For Music Drama & Art Inc's Employer Identification Number (EIN) is 14-6030874.
- How much revenue does Lake Placid Association For Music Drama & Art Inc report?
- Lake Placid Association For Music Drama & Art Inc reported $10,930,703 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Lake Placid Association For Music Drama & Art Inc have?
- CharityIndex grades Lake Placid Association For Music Drama & Art Inc B, based on financial health (reserves and operating margin).
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Data for Lake Placid Association For Music Drama & Art Inc (EIN 14-6030874) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.