Overview
What is The Lake Placid Association For Music Drama And Art Inc?
The Lake Placid Association for Music, Drama, and Art Inc., located at 17 Algonquin Drive, Lake Placid, NY 12946, is a nonprofit organization dedicated to promoting and nurturing high-quality arts. Their mission is to inspire, enrich, educate, and entertain individuals of all ages through various artistic programs. This includes presenting 27 film screenings, 10 music performances, 5 dance performances, and 4 theatre performances. The Lake Placid Center for the Arts, as part of this organization, serves as a hub for fostering arts that resonate with a diverse audience, contributing to their personal growth and enjoyment. With a team of 13 dedicated individuals, the organization is committed to upholding this mission and making a significant impact in the arts community.
Official website here: www.lakeplacidarts.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The Lake Placid Association For Music Drama And Art Inc has achieved a commendable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization excels in several key areas, including having a fully independent board, comprehensive financial oversight, and no material diversion of assets. Its strong program expense ratio of nearly 73% demonstrates a significant commitment to its mission-related activities.
The charity's accountability measures are particularly noteworthy, with robust policies in place for conflicts of interest and whistleblower protections. Additionally, it maintains transparency through documented board meeting minutes and the listing of its website on tax forms. These factors contribute to its positive reputation among donors and stakeholders.
While the organization shows exceptional performance in financial governance, ongoing evaluation of its program impact would enhance its overall effectiveness and credibility. Nevertheless, the Lake Placid Association For Music Drama And Art Inc stands out as a responsible and well-managed nonprofit dedicated to its artistic mission.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Lake Placid Association For Music Drama And Art Inc?
84% of 323 reviewers on Facebook recommend The Lake Placid Association For Music Drama And Art Inc. Here is a summary of their reviews:
Many attendees highlighted a fantastic experience, particularly appreciating the performances, such as the Koresh Dance Group, which received specific praise for its quality and entertainment value. The positive sentiment expressed by those who attended suggests a strong connection to the arts within the community.
Overall, patrons seem to be pleased with the offerings of the organization, reflecting satisfaction with both the performances and the overall atmosphere provided by the Association.
This AI summary has been generated from reviews found on Facebook.
Is The Lake Placid Association For Music Drama And Art Inc legitimate?
The Lake Placid Association For Music Drama And Art Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Lake Placid Association For Music Drama And Art Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $69,773
Professional Fundraising Fees: $35,148
Other Salaries and Wages: $337,205
For more financial information, click here
Official website here: www.lakeplacidarts.org
What is the mission statement of The Lake Placid Association For Music Drama And Art Inc?
The Lake Placid Association for Music Drama and Art Inc is committed to showcasing and nurturing high-quality arts that inspire, enrich, educate, and entertain individuals of all ages. Their mission is primarily focused on presenting and fostering such arts, aiming to provide a diverse range of programs including film screenings, music performances, dance performances, and theatre productions.
Official website here: www.lakeplacidarts.org
What is the revenue of The Lake Placid Association For Music Drama And Art Inc?
The Lake Placid Association For Music Drama And Art Inc's revenue in 2023 was $3,341,164.
Official website here: www.lakeplacidarts.org
Who are the executives of The Lake Placid Association For Music Drama And Art Inc and what are their salaries?
The average compensation at The Lake Placid Association For Music Drama And Art Inc during 2023 was $45,220. There are 9 employees and 120 volunteers at The Lake Placid Association For Music Drama And Art Inc.
Here are 21 key members and their salaries:
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Official website here: www.lakeplacidarts.org
Where can I find the form 990 for The Lake Placid Association For Music Drama And Art Inc?
The Lake Placid Association For Music Drama And Art Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lakeplacidarts.org
Learn more at the official website: www.lakeplacidarts.org
Mission Statement of The Lake Placid Association For Music Drama And Art Inc
The Lake Placid Center for the Arts, a renowned organization, is committed to presenting and fostering quality arts that inspire, enrich, educate, and entertain people of all ages. This nonprofit's mission is twofold: firstly, it aims to present a diverse range of arts programs, including film screenings, music performances, dance performances, and theatre productions. Secondly, it strives to foster these arts, encouraging their growth and appreciation within the community. By doing so, The Lake Placid Center for the Arts contributes to the cultural development of its audience, providing them with experiences that engage their minds and emotions.
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Impact
October, 2024
The Lake Placid Association for Music Drama and Art Inc significantly enhances the cultural landscape of Lake Placid by fostering a vibrant arts community. Through a diverse array of programs, it serves as a platform for artistic expression that inspires, enriches, educates, and entertains individuals of all ages.
The Association’s initiatives include an impressive lineup of 27 film screenings, 10 music performances, 5 dance shows, and 4 theatrical productions. These offerings not only provide entertainment but also create opportunities for community engagement and artistic education. By presenting high-quality arts programs, it cultivates appreciation for various art forms while contributing to the local economy and reinforcing Lake Placid's identity as a hub for cultural enrichment.
Overall, its impact resonates well beyond the stage, fostering a sense of community and enhancing the quality of life for residents and visitors alike.
This information is meant to be a general summary of The Lake Placid Association For Music Drama And Art Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $153,445
- Program Service Revenue: $580,744
- Gross Receipts: $3,561,243
Assets and Liabilities:
- Total Assets: $3,046,882
- Total Liabilities: $1,228,757
- Net Assets: $1,818,125
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PERFORMING ARTS
Revenue
$580,744
Organization Details
Founding Year
1972
Principal Officer
Tracy Smith
Website
www.lakeplacidarts.orgNTEE Category
Code: A200 - Arts
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