2025-07-08T19:08:26-07:00 2024-12-31 990 2024-01-01 990967978 ACADEMY OF THE LOST ARTS INC ACAD 9152495833 4937 Littlestown Pike Westminster MD 21158 Gabrielle Balassone President 9152495833 2025-05-15 1 2024 2025-03-06 01:10:19Z Gabrielle Balassone 4937 Littlestown Pike Westminster MD 21158 900100 0 X X 2024 MD Academy of the Lost Arts Inc. is a nonprofit organization dedicated to fostering a deep connection between individuals and the natural world through immersive, nature-based education and experiences. Our year-round, nature-based preschool will serve as a space for children to develop curiosity, creativity, and environmental stewardship through outdoor, play-based learning. In addition, our retreat center will provide a serene environment for individuals and groups to pause, reflect, and rejuvenate. Through these educational and community-focused activities, we aim to cultivate a future generation that values and protects the environment, while also offering a restorative space for people of all ages to connect with nature. 3 3 0 4 0 0 900100 900100 0 0 0 0 0 0 900100 900100 0 0 0 0 0 0 0 0 0 0 729586 0 729586 900100 170514 0 820514 0 0 0 820514 X Academy of the Lost Arts Inc. is a nonprofit organization dedicated to fostering a deep connection between individuals and the natural world through immersive, nature-based education and experiences. Our year-round, nature-based preschool will serve as a space for children to develop curiosity, creativity, and environmental stewardship through outdoor, play-based learning. In addition, our retreat center will provide a serene environment for individuals and groups to pause, reflect, and rejuvenate. Through these educational and community-focused activities, we aim to cultivate a future generation that values and protects the environment, while also offering a restorative space for people of all ages to connect with nature. 0 0 729487 0 Nature-Based Preschool: This program will eventually provide year-round early childhood education using outdoor, nature-immersive, and play-based learning. 2025 Accomplishments: In 2025, the organization purchased the real estate that will become the future home of the nature-based preschool. It also engaged an architect to design the main Learning Center building, maintained the property, and paid all associated taxes and fees related to the property acquisition and planning process. 0 0 Retreat Facility: This program will eventually operate as a weekend retreat facility focused on nature connection, wellness, and environmental education for adults and families. It will offer workshops, seasonal gatherings, and overnight retreats on the same site as the nature-based preschool. 2025 Accomplishments: In 2025, the organization purchased and maintained the real estate that will host both the preschool and the retreat facility. It began architectural planning for shared-use spaces, and paid property-related taxes and fees. These activities laid the groundwork for dual use of the site for educational and retreat programming. No expenses are shown because all expenses are shared under the Nature-Based Preschool) 0 0 0 729487 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MD X Gabrielle Balassone 9152495833 4937 Littlestown Pike Westminster MD 21158 X Gabrielle Balassone President 5 0 X X 0 0 0 Amanda Green Treasurer 0.5 0 X 0 0 0 Gina Palermo Secretary 0.5 0 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 900100 0 900100 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 900100 0 0 0 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 40719 40719 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 99 99 0 0 0 0 0 0 0 0 0 679321 679321 0 0 0 0 0 0 Carroll County Tax Bill 9447 9447 0 0 0 0 0 0 729586 729487 99 0 0 170514 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 650000 0 0 650000 0 0 0 0 0 0 0 0 0 0 0 820514 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 0 820514 0 0 0 820514 0 820514 X 170514 0 0 0 0 650000 X 0 0 0 X 0 0 0 0 0 100 100 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 100 100 0 100 0 0 0 0 0 0 0 0 0 0 900000 900000 0 0 0 0 0 0 900100 729587 X Schedule A, Part I, Line 7 The organization is within its five-year advance ruling period as a newly formed 501(c)(3) public charity under section 170(b)(1)(A)(vi). During the 2024 fiscal year, it received $900,100 in contributions from multiple donor-advised funds administered by Schwab Charitable. These funds are intended to support the development of the organization's educational and retreat programs. The organization anticipates generating public support through tuition, program fees, and community contributions beginning in 2026. Schedule A, Part II, Line 10 In 2024, the organization received two donor-advised fund (DAF) contributions totaling $900,000 through Schwab Charitable. These contributions were made by multiple, anonymous donors to support the launch and capital development of the organization's nature-based preschool and retreat programs. The organization anticipates diversifying its revenue through tuition, program fees, and public contributions beginning in 2026. Schedule A, Part III, Line 12 In 2024, the organization received $900,000 in donor-advised fund contributions through Schwab Charitable from multiple, anonymous donors to support the acquisition of real estate and the future development of its nature-based preschool and retreat programs. The organization did not receive any program service revenue in 2024 or 2025, as programs were still in the planning and development phase. Tuition and other earned revenue are expected to begin in 2026, which will support the organization's qualification under the public support test in future years. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 650000 0 650000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 650000 Schedule D, Part VI, Line 1a In 2024, the organization purchased a parcel of real estate on August 15, 2024, for $679322 (including transaction fees) to serve as the future home of its nature-based preschool and retreat programs. The property is currently unimproved land and therefore not subject to depreciation. This real estate investment supports the development of year-round educational and retreat programming aligned with the organization's mission. Form 990, Part III, Line 4a In 2025, the organization purchased real estate to serve as the future home of its nature-based preschool and retreat programs. It worked with an architect to design the main Learning Center building and paid taxes and fees related to the real estate purchase. These efforts support the long-term goal of offering year-round, nature-immersive early childhood education grounded in outdoor, play-based learning. Form 990, Part VI, Section B, Line 11b A draft of the Form 990 was prepared and reviewed by the organization's officers. It was then shared with the Board of Directors prior to filing. Board members were given the opportunity to ask questions and provide feedback before the return was submitted to the IRS. Form 990, Part VI, Section B, Line 12c The organization requires all directors and officers to complete and sign a conflict of interest disclosure annually. Any potential conflicts are reviewed by the Board of Directors. When a conflict is identified, the affected individual must recuse themselves from related discussions and decisions. These procedures are documented in meeting minutes to ensure transparency and compliance with the organization's conflict of interest policy. Form 990, Part VI, Section C, Line 19 The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Requests can be submitted via email or mail using the contact information provided on the organization's website. In addition, the organization's Form 990 is available to the public through the IRS and other nonprofit transparency websites such as GuideStar (Candid). Form 990, Part IX, Line 11g These expenses include: Board Meeting meal: $99; Architectural services: $29835; Tree trimming: $10,300; Bank fees: $584; Form 990, Part XI, Line 9 Purchase of Real property valued at $679322 (2840 Cox Ridge Drive, Westminster, MD 21157) There was an accounting error that we needed to reconcile. Sincerest apologies for the delay.