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The Lake Placid Association for Music Drama and Art
The Lake Placid Association for Music Drama and Art reported $10.9 million in revenue and $2.6 million in expenses for calendar year 2024. Of every $100 it spent, $47.23 went to program services, $34.91 to management and general costs and $17.86 to fundraising. Its largest source of revenue was contributions and grants: 90.9% of the total. Government grants made up 14.2%. The highest compensation it reported for one person was $87,154 (EXECUTIVE DI). Revenue rose 687% between FY2020 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $2.6MFor context, the median across 876 covered arts, culture & humanities charities: $79.98 programs, $13.89 management, $6.13 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $11MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 47.2% | 78.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 34.9% | 13.6% |
| Fundraising Part IX 25(D) ÷ 25(A) | 17.9% | 6.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.05 | $0.10 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 90.9% | 57.5% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 14.2% | 1.7% |
| Program service revenue share Part VIII 2g ÷ 12 | 6.2% | 20.8% |
| Highest reported compensation Part VII-A, columns D–F | $87,154 | $385,706 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 3.36% | 2.03% |
| People paid over $100,000 Part VII, line 2 | Not reported | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 52.4 | 36.6 |
| Independent voting board members Part VI 1a–1b | 19 of 19 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expensePresenting programs: the Lake Placid center for the arts presented arts programs including: 32 film screenings; 15 music performances; 9 dance performances; 12 theatre performances
Gallery programs: the Lake Placid center for the arts presented 6 gallery exhibitions in the fine arts gallery. The Lake Placid center for the arts also operated a gallery on main street in downtown Lake Placid
Education programs: the Lake Placid center for the arts presented arts education including: 3 arts education programs; 7 theatre performances; 2 dance performances; 3 music performances; ballet and dance training school with 1 recitals and 32 weeks of instruction; 1 artistic residencies
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here6 filings since FY2020
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b19 · 19 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 59
Private foundation grants it received
7 private foundations reported grants to The Lake Placid Association for Music Drama and Art totaling $62,073 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from The Lake Placid Association for Music Drama and Art's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The Lake Placid Association for Music Drama and Art, you can publish a response that is linked from this page.
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Of every $100 The Lake Placid Association for Music Drama and Art spent in 2024, $47.23 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Kentucky Educational Television FoundationLexington, KY · revenue $11M · programs 85.6% · FY2025
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- Fort Worth Museum of Science and HistoryFort Worth, TX · revenue $11M · programs 59.4% · FY2025
- The Perlman Music ProgramNew York, NY · revenue $11M · programs 71.6% · FY2025
All arts, culture & humanities charities · Largest charities in New York
Questions people ask
How much of The Lake Placid Association for Music Drama and Art's spending goes to programs?
In calendar year 2024, The Lake Placid Association for Music Drama and Art reported that 47.2% of its $2.6 million in expenses went to program services, 34.9% to management and general and 17.9% to fundraising (Form 990, Part IX).
How much does The Lake Placid Association for Music Drama and Art pay its top executive?
The largest total compensation The Lake Placid Association for Music Drama and Art reported for one person in calendar year 2024 was $87,154, for the role of EXECUTIVE DI (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The Lake Placid Association for Music Drama and Art get its money?
Of $10.9 million in revenue in calendar year 2024, 90.9% came from contributions and grants (including 14.2% from government grants) and 6.2% from program service revenue (Form 990, Part VIII).
Is The Lake Placid Association for Music Drama and Art a registered charity?
The IRS lists EIN 14-6030874 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202512959349301361 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202403209349311405 · read the filing
- FY2022 (7 mo.): Form 990 for the 7-month short period ending December 31, 2022, object 202343149349301144 · read the filing
- FY2022: Form 990 for the fiscal year ending May 31, 2022, object 202300809349301005 · read the filing
- FY2021: Form 990 for the fiscal year ending May 31, 2021, object 202113519349301806 · read the filing
- FY2020: Form 990 for the fiscal year ending May 31, 2020, object 202003289349300505 · read the filing
All filings for EIN 14-6030874: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.