West Lake Art Conservation Center Inc
- Assets
- $2.1m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 7
- Location
- Skaneateles, NY
- Founding
- Data as of
- 12/2023
- EIN
- 87-1120251
Organization Overview
West Lake Art Conservation Center Inc is located in Skaneateles, NY. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, West Lake Art Conservation Center Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Lake Art Conservation Center 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 12/2023, West Lake Art Conservation Center Inc generated $1.6m in total revenue. All expenses for the organization totaled $192.4k during the year ending 12/2023.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CONSERVATION AND PRESERVATION OF ART ARTIFACTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
WEST LAKE ART CONSERVATION CENTER (WLACC) IS A 501(C)3 NONPROFIT ORGANIZATION SPECIALIZING IN THE PRESERVATION AND RESTORATION OF HISTORIC AND ARTISTIC WORKS. IT IS THE CULMINATION OF THE VISION OF ITS FOUNDERS TO CREATE A SUSTAINABLE ORGANIZATION OFFERING WORLD-CLASS ART CONSERVATION SERVICES AND EDUCATIONAL PROGRAMS IN THE FIELD OR ART CONSERVATION AND PRESERVATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sue Fadden Treasurer | OfficerTrustee | 2 | $0 |
Holland Gregg Chairman | OfficerTrustee | 2 | $0 |
Patience Brewster Gregg Secretary | OfficerTrustee | 2 | $0 |
Shela Haswell Board Member | Trustee | 1 | $0 |
Steven Scheinman Board Member | Trustee | 1 | $0 |
Judith Tartt VP | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,439,152 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,439,152 |
| Total Program Service Revenue | $118,552 |
| Investment income | $407 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,569,059 |
| 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 | $86,859 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,397 |
| Payroll taxes | $10,268 |
| 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 | $25,231 |
| Advertising and promotion | $1,689 |
| Office expenses | $2,198 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,003 |
| Travel | $417 |
| 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 | $12,152 |
| Insurance | $8,209 |
| All other expenses | $0 |
| Total functional expenses | $192,356 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $455,012 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,549 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $20,531 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,000 |
| Net Land, buildings, and equipment | $1,492,394 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $86,045 |
| Other assets | $0 |
| Total assets | $2,091,531 |
| Accounts payable and accrued expenses | $8,070 |
| Grants payable | $0 |
| Deferred revenue | $392,348 |
| 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 | $118,000 |
| Other liabilities | $63,313 |
| Total liabilities | $581,731 |
| Net assets without donor restrictions | $1,509,800 |
| 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 | $2,091,531 |