Form 990 for tax year 2023
Filed by LAKE PLACID EDUCATION FOUNDATION.
Totals
- Total revenue
- $0
- Total expenses
- $347,270
- Contributions and grants received
- $0
- Grants paid
- $317,050
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $7,842,436
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $7,842,436
- Program services expenses (Part IX)
- $317,050
- Management and general expenses
- $30,220
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $317,050
Program services were 91.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $317,050 · program services $317,050
-
11c · Fees: accounting
total $1,050 · management and general $1,050
-
11f · Fees: investment management
total $29,170 · management and general $29,170
Balance sheet
Part X, book values.
-
12 · Investments: other securities
beginning of year $7,274,881 · end of year $7,842,436
-
27 · Net assets without donor restrictions
beginning of year $7,274,881 · end of year $7,842,436
Mission and programs · 2023
Mission
GRANTS ARE MADE TO SCHOOLS, BOTH PUBLIC AND PRIVATE, FOR MANY DIFFERENT PURPOSES, INCLUDING SCHOLARSHIPS, EQUIPMENT, OPERATING EXPENSES OR OTHER SPECIAL NEEDS.LIBRARIES ARE SUPPORTED THROUGH GRANTS FOR COLLECTION ADDITIONS, SPECIAL STUDIES, STAFF TRAINING, OPERATIONS, EQUIPMENT, ETC.ARTS AND OTHER CULTURAL ORGANIZATIONS ARE AIDED FOR EDUCATIONAL ACTIVITIES ESPECIALLY THOSE LINKED WITH EDUCATIONAL INSTITUTIONS AND THOSE THAT RELATE TO GENERAL PUBLIC EDUCATION.RESTORATIONS PROGRAMS TO PROVIDE EDUCATORS AND LIBRARIANS WITH THE OPPORTUNITY TO "RENEW" THEMSELVES THROUGH QUIET STUDY AND RELAXATION AWAY FROM THE PRESSURE OF THEIR USUAL WORK ENVIRONMENT.SEEDSOWING THE STUDY OF NEW IDEAS IN THE AREAS OF EDUCATION AND LIBRARY SCIENCE, HELPING ORGANIZATIONS START NEW PROJECTS AND ASSISTING INNOVATION IN A VARIETY OF WAYS.
-
GRANTS ARE MADE TO SCHOOLS, BOTH PUBLIC AND PRIVATE, FOR MANY DIFFERENT PURPOSES, INCLUDING SCHOLARSHIPS, EQUIPMENT, OPERATING EXPENSES OR OTHER SPECIAL NEEDS.
Expenses $112,250 · Grants $112,250
-
ARTS AND OTHER CULTURAL ORGANIZATIONS ARE AIDED FOR EDUCATIONAL ACTIVITIES ESPECIALLY THOSE LINKED WITH EDUCATIONAL INSTITUTIONS AND THOSE THAT RELATE TO GENERAL PUBLIC EDUCATION.
Expenses $136,000 · Grants $136,000
-
LIBRARIES ARE SUPPORTED THROUGH GRANTS FOR COLLECTION ADDITIONS, SPECIAL STUDIES, STAFF TRAINING, OPERATIONS, EQUIPMENT, ETC.
Expenses $68,800 · Grants $68,800
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
John RosenthalJOHN ROSENTHAL
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Catherine JohnstonCATHERINE JOHNSTON
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Adele ConnorsADELE CONNORS
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Lisa WeibrechtLISA WEIBRECHT
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Sara JohnsSARA JOHNS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Hilary McDonaldHILARY MCDONALD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John McMillin IIIJOHN MCMILLIN III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Greg PeacockGREG PEACOCK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Meredith PrimeMEREDITH PRIME
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sandra DanussiSANDRA DANUSSI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Peter LynchPETER LYNCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
LAKE PLACID CENTER FOR THE ARTS
$50,000
FOR EDUCATION PROGRAMMING AND ARTS OUTREACH
-
$25,000
FOR LAKE PLACID EDUCATION FOUNDATION SCHOLARSHIPS FOR AREA DAY STUDENTS
-
LAKE PLACID CENTRAL SCHOOL DISTRICT
$20,000
FOR THE 2024 LAKE PLACID EDUCATION FOUNDATION SCHOLARSHIP RECIPIENTS
-
$20,000
FOR MAGIC IN THE MOUNTAINS PROJECT
-
FOR THE COMMUNITY TUITION ASSISTANCE FUND
-
$20,000
FOR TECHNOLOGY AND EDUCATION
-
FOR YOUTH AND COMMUNITY PROGRAMMING
-
FOR ADVANCING LIBRARIES THROUGH TRAINING AND TECHNOLOGY PROJECT
-
$10,000
FOR SCHOLARSHIPS FOR PRIMARY STUDENTS AND LEARNING TECH FOR HOMEWORK PROJECT
-
SARANAC LAKE CENTRAL PRIZE FUND
$10,000
FOR THE 2024 LAKE PLACID EDUCATION FOUNDATION SCHOLARSHIP
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 3 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423049349301437
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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