Lower Adirondack Regional Arts Council Inc
- Assets
- $318.0k
- Revenue
- $262.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Glens Falls, NY
- Founding
- 06/1972
- Data as of
- 12/2021
- EIN
- 23-7182079
Organization Overview
Lower Adirondack Regional Arts Council Inc is located in Glens Falls, NY. The organization was established in 1972. According to its NTEE Classification (A26) the organization is classified as: Arts & Humanities Councils & Agencies, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Lower Adirondack Regional Arts Council Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lower Adirondack Regional Arts Council Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Lower Adirondack Regional Arts Council Inc generated $262.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $236.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LARAC'S MISSION IS TO ENRICH THE QUALITY OF LIFE IN WARREN, WASHINGTON, AND NORTHERN SARATOGA COUNTIES. LARAC PROMOTES, DEVELOPS, COORDINATES AND PROVIDES ARTS ACTIVITIES AND SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING & SUPPORTING THE ARTS NOT ONLY THROUGH GALLERY DISPLAY BUT ALSO WITH THE OFFERING OF CLASSES, WORKSHOPS AND GATHERING SPACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rene Clements President | OfficerTrustee | $0 | |
Susan Pruiksma Treasurer | OfficerTrustee | $0 | |
Willard Jp Siegel-Sawma Vice Chair | OfficerTrustee | $0 | |
Susan Ford Director | Trustee | $0 | |
Sylvia Graham Director | Trustee | $0 | |
Pamela Green Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $163,649 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,275 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $182,924 |
| Total Program Service Revenue | $43,170 |
| Investment income | $8 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,820 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $31,502 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $262,464 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $84,621 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,022 |
| Payroll taxes | $6,423 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,864 |
| Advertising and promotion | $2,610 |
| Office expenses | $2,369 |
| Information technology | $1,394 |
| Royalties | $0 |
| Occupancy | $8,784 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,807 |
| Insurance | $2,859 |
| All other expenses | $8,423 |
| Total functional expenses | $236,526 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $78,550 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $57,002 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $182,451 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $318,003 |
| Accounts payable and accrued expenses | $60,216 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $14,493 |
| Total liabilities | $74,709 |
| Net assets without donor restrictions | $243,294 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $318,003 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lower Adirondack Regional Arts Council Inc has recieved totaling $41.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $41 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lower Manhattan Cultural Council Inc New York, NY | $12,296,474 | $4,161,213 |
Vermont Council On The Arts Inc Montpelier, VT | $1,668,560 | $4,418,731 |
Cny Arts Inc Syracuse, NY | $3,639,990 | $4,131,478 |
Artswestchester Inc White Plains, NY | $12,989,925 | $5,051,265 |
Brooklyn Arts Council Brooklyn, NY | $3,792,186 | $4,166,214 |
The Council For Canadian American Relations Inc New York, NY | $2,490,659 | $3,178,474 |
Newark Arts Council Newark, NJ | $1,947,360 | $2,660,381 |
Greater Philadelphia Cultural Alliance Philadelphia, PA | $2,137,622 | $2,196,078 |
Spaceworks Nyc Inc New York, NY | $311,147 | $269,250 |
Bronx Council On The Arts Inc Bronx, NY | $7,969,070 | $2,295,657 |
Dance Service New York City Inc New York, NY | $6,304,489 | $5,030,876 |
Flushing Council On Culture And The Arts Inc Flushing, NY | $1,674,385 | $1,969,249 |