Form 990 for tax year 2024
Filed by LAKE PLACID NORTH ELBA HISTORICAL SOCIETY.
Totals
- Total revenue
- $362,542
- Total expenses
- $242,947
- Contributions and grants received
- $80,699
- Grants paid
- $0
- Program service revenue
- $26,420
- Investment income
- $249,310
- Other revenue
- $6,113
- Total assets, end of year
- $382,067
- Total liabilities, end of year
- $1,764
- Net assets or fund balances, end of year
- $380,303
- Program services expenses (Part IX)
- $223,048
- Management and general expenses
- $19,899
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $223,048
Program services were 91.8% 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.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$80,699
-
2a · Program service revenue: Membership Dues
total $22,820 · related or exempt $22,820
-
2b · Program service revenue: Museum and Programs
total $3,600 · related or exempt $3,600
-
3 · Investment income
total $8,329 · excluded $8,329
-
7a · Gross sales of assets other than inventory
other assets $240,981
-
7b · Less cost or other basis and sales expenses
other assets $0
-
7c · Gain or loss
other assets $240,981
-
7d · Net gain or loss
total $240,981 · excluded $240,981
-
8a · Fundraising events: gross income
$8,068
-
8b · Fundraising events: direct expenses
$2,492
-
8c · Net income from fundraising events
total $5,576 · excluded $5,576
-
11a · Other revenue: Other Income
total $537 · related or exempt $537
-
11e · Other revenue, total
$537
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $67,136 · program services $60,422 · management and general $6,714
-
10 · Payroll taxes
total $5,530 · program services $4,977 · management and general $553
-
11c · Fees: accounting
total $7,032 · management and general $7,032
-
12 · Advertising and promotion
total $1,990 · program services $1,990
-
13 · Office expenses
total $5,268 · program services $4,741 · management and general $527
-
16 · Occupancy
total $14,838 · program services $13,354 · management and general $1,484
-
23 · Insurance
total $31,237 · program services $28,113 · management and general $3,124
-
24a · Other expenses: Museum Renovation Expen
total $106,132 · program services $106,132
-
24b · Other expenses: Program Expenses
total $2,342 · program services $2,342
-
24c · Other expenses: Dues, Memberships
total $898 · program services $808 · management and general $90
-
24d · Other expenses: Investment Management F
total $375 · management and general $375
-
24e · All other expenses
total $169 · program services $169
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $96,549 · end of year $53,707
-
12 · Investments: other securities
beginning of year $155,650 · end of year $328,360
-
17 · Accounts payable and accrued expenses
beginning of year $2,066 · end of year $1,764
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $0 · end of year $130,170
Mission and programs · 2024
Mission
Maintenance of historical artifacts and documents and making them available to the public via exhibitions at historic train station museum and through various lectures and programs
Activities or mission (Part I)
Our mission is to preserve and present our community's history in ways that are educational and enriching for residents and visitors.
-
Maintenance of historical artifacts and documents and making them available to the public via exhibitions at historic train station museum.
Expenses $221,676 · Revenue $2,395
-
Offering various lectures and programs to inform the public about local history and legacy
Expenses $726 · Revenue $515
-
Encouraging public participation by offering membership in the the Organization and offering hands-on activities such as history-related scavenger hunts, tours of historical places, participation in history themed events, such as legacy golf tournaments, etc.
Expenses $646 · Revenue $23,510
As filed on the 2024 return.
Listed in Part VII
-
Perry Babcock
Co-President
- Total calculated
- $0
- Hours/week
- 15
-
Betsy Hlavacek
Co-President
- Total calculated
- $0
- Hours/week
- 15
-
Steve Sama
Vice President
- Total calculated
- $0
- Hours/week
- 5
-
John Huttlinger Jr
Treasurer
- Total calculated
- $0
- Hours/week
- 3
-
Erin Perkins
Secretary
- Total calculated
- $0
- Hours/week
- 3
-
Mike Butler
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Keith Clark
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Karen Fountain
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Margie Gallagher
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Georgia Jones
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Doug Lansing
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Ashleah Mayberry
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Heather Perkins
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Peter Roland Jr
Trustee
- Total calculated
- $0
- Hours/week
- 3
-
Cindy Smith
Trustee
- Total calculated
- $0
- Hours/week
- 2
-
Parmelee Tolkan
Trustee
- Total calculated
- $0
- Hours/week
- 4
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202513219349305141
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.