Overview
What is Lake Placid Olympic Museum?
The Lake Placid Olympic Museum is a nonprofit establishment located at 2634 Main Street, Lake Placid, New York 12946. Its primary focus is to showcase memorabilia and artifacts from the historic 1932 and 1980 Winter Olympics held in Lake Placid. The museum offers educational tours for school-aged children and is accessible to the public year-round, attracting around 25,000 to 35,000 visitors annually. The Lake Placid Olympic Museum operates with support from the Olympic Regional Development Authority, a quasi-state agency in New York.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
The Lake Placid Olympic Museum has demonstrated a strong commitment to accountability and finance, earning it a top-tier rating of 94%. This score reflects a thorough evaluation of its financial practices, showing that the organization operates with integrity and transparency, which is crucial for donor confidence and community support.
The museum benefits from a fully independent board, with 100% of its members meeting this criterion. Its policies, including conflict of interest and whistleblower protections, are well-documented, enhancing its governance structure. Additionally, the organization maintains a healthy financial position, with a program expense ratio of 90.05%, indicating that a significant portion of its funds is directed toward its mission rather than administrative costs.
While the museum excels in its financial performance, maintaining such a high standard is essential for continuing to attract support and effectively fulfill its mission. The absence of any material diversion of assets further solidifies its reliability as a nonprofit focused on preserving Olympic history and promoting sports education.
This AI summary has been generated from information found on Charity Navigator.
Is Lake Placid Olympic Museum legitimate?
Lake Placid Olympic Museum is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Placid Olympic Museum 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.
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What is the mission statement of Lake Placid Olympic Museum?
The Lake Placid Olympic Museum's mission, supported by the Olympic Regional Development Authority, is primarily focused on preserving and showcasing memorabilia and artifacts from the 1932 and 1980 Lake Placid Winter Olympics. The organization conducts educational tours for school-aged children and welcomes the public throughout the year. With an annual visitor count of 25,000 to 35,000 individuals, the museum serves as a significant attraction for those interested in Olympic history. While the mission does not explicitly state advocacy or research efforts, its primary objective is to educate and preserve the legacy of these historic Olympic events.
Who is the CEO of Lake Placid Olympic Museum?
Tracey Coolidge is the Trustee of Lake Placid Olympic Museum.
What is the revenue of Lake Placid Olympic Museum?
Lake Placid Olympic Museum's revenue in 2022 was $48,050.
Who are the executives of Lake Placid Olympic Museum and what are their salaries?
Here are 13 key members and their salaries:
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Where can I find the form 990 for Lake Placid Olympic Museum?
Lake Placid Olympic Museum's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lake Placid Olympic Museum
The Lake Placid Olympic Museum, aided by the Olympic Regional Development Authority, serves as a testament to the history of the 1932 and 1980 Winter Olympics held in Lake Placid, New York. Its mission is to preserve and showcase memorabilia and artifacts related to these significant sporting events, attracting a yearly visitor count of 25,000 to 35,000 individuals. The museum caters to school-aged children, providing educational tours, and is open to the public throughout the year, allowing the general public to immerse themselves in the rich Olympic heritage.
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Impact
August, 2024
The Lake Placid Olympic Museum in Lake Placid, New York, plays a significant role in preserving and showcasing the history and legacy of the 1932 and 1980 Lake Placid Winter Olympics. By displaying memorabilia and artifacts from these iconic sporting events, the museum not only educates visitors about the achievements and stories of past Olympians but also serves as a tribute to the spirit of the Olympic Games.
Moreover, the museum's tours for school-age children contribute to the educational outreach and engagement with the local community. By offering insights into the Olympic history of Lake Placid, these tours help inspire future generations of athletes and sports enthusiasts.
With an annual visitation rate of 25,000 to 35,000 people, the Lake Placid Olympic Museum has a tangible impact on tourism in the region, attracting visitors from near and far to learn about the history of the Winter Olympics. Additionally, being associated with the Olympic Regional Development Authority, a quasi New York State agency, the museum contributes to the cultural and economic development of the area.
Overall, the Lake Placid Olympic Museum's impact extends beyond just preserving artifacts; it serves as a cultural and educational hub that celebrates the Olympic spirit and enriches the community through its activities and exhibits.
This information is meant to be a general summary of Lake Placid Olympic Museum. 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 2022.
- Investment Income: $647
- Program Service Revenue: $20,079
- Gross Receipts: $48,050
Assets and Liabilities:
- Total Assets: $2,802,105
- Total Liabilities: $0
- Net Assets: $2,802,105
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest income
Revenue
$178
Operating Income
Revenue
$9,289
Research fees
Revenue
$480
Store sales
Revenue
$10,132
Organization Details
Founding Year
1998
Phone
(518) 523-3239Principal Officer
Tracey Coolidge
Main Address
Olympic Center 2634 Main Street, Lake Placid, NY, 12946
NTEE Category
Code: A58Z - Arts
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