Overview

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Est.

1972

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

The Lake Placid Association for Music Drama and Art Inc, recognized by EIN 14-6030874, is dedicated to presenting and fostering quality arts that inspire, enrich, educate, and entertain individuals of all ages through its Lake Placid Center for the Arts. With an operating budget of $2.6 million and total revenue of $10.9 million for the 2024 filing year, the organization focuses on music, arts education, and arts and culture. It does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base to support its mission. More information can be found on their website at www.lakeplacidarts.org.

Mission Statement

THE LAKE PLACID CENTER FOR THE ARTS IS DEDICATED TO PRESENTING AND FOSTERING QUALITY ARTS, WHICH INSPIRE, ENRICH, EDUCATE AND ENTERTAIN PEOPLE OF ALL AGES.
Revenues
$10.9M
Expenses
$2.6M
Net Income:
+$8.3M
Assets
$12.1M
Liabilities
$821.5K
Net Assets:
+$11.3M
Operating Budget
$2.6M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
17
Median grant size
$10K
Largest grant received
$100K
J
James Lemons
Board Member
M
Margie Philo
Board Member
D
Dale Skivington
Board Member

Frequently Asked Questions

What is THE LAKE PLACID ASSOCIATION FOR MUSIC DRAMA AND ART INC’s budget?
In 2024, THE LAKE PLACID ASSOCIATION FOR MUSIC DRAMA AND ART INC reported an annual operating budget of around $2.6 million. More detailed financial information is available to registered users.
What causes does THE LAKE PLACID ASSOCIATION FOR MUSIC DRAMA AND ART INC support?
THE LAKE PLACID ASSOCIATION FOR MUSIC DRAMA AND ART INC supports work in Music, Arts education, and Arts and culture.
Where does THE LAKE PLACID ASSOCIATION FOR MUSIC DRAMA AND ART INC operate?
THE LAKE PLACID ASSOCIATION FOR MUSIC DRAMA AND ART INC is headquartered in Lake Placid, NY.
Who funded THE LAKE PLACID ASSOCIATION FOR MUSIC DRAMA AND ART INC recently?
In 2025, THE LAKE PLACID ASSOCIATION FOR MUSIC DRAMA AND ART INC received grants from ADIRONDACK FOUNDATION, ADIRONDACK FOUNDATION, and LAKE PLACID EDUCATION FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant THE LAKE PLACID ASSOCIATION FOR MUSIC DRAMA AND ART INC received in 2024?
The largest grant to THE LAKE PLACID ASSOCIATION FOR MUSIC DRAMA AND ART INC in 2024 exceeds $100 thousand.
What is THE LAKE PLACID ASSOCIATION FOR MUSIC DRAMA AND ART INC’s reliance on government grants?
THE LAKE PLACID ASSOCIATION FOR MUSIC DRAMA AND ART INC relied on government grants for more than 10% of their total revenue in 2024.