Nonprofit · EIN 73-1663139
LAUGHTER ARTS FOUNDATION INC
Tax-exempt (reinstated) · MIDDLE RIVER, MD 21220
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $11,305 | $12,279 | -$974 | $1,883 | $0 | $1,883 |
| December 31, 2023 | 990-EZ | $11,000 | $8,554 | $2,446 | $2,857 | $0 | $2,857 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $11,305
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $5,000
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fees and payments to contractors
- $6,524
- Occupancy
- $710
- Printing, publications and postage
- $45
Balance sheet and other
- Total assets, start of year
- $2,857
- Total assets, end of year
- $1,883
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,883
- Cash, savings and investments
- $1,883
- Gross receipts
- $11,305
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michael Rosman | President | 10 | $0 |
| Philip DePalo | Secretary Treasurer | 10 | $0 |
| Wil Allyn | Board Member | 3 | $0 |
| Todd Strong | Board Member | 3 | $0 |
990-EZ for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michael Rosman | President | 10 | $0 |
| Philip DePalo | Secretary Treasurer | 15 | $0 |
| Wil Allyn | Board Member | 0 | $0 |
| Todd Strong | Board Member | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1120 BURKE RD, MIDDLE RIVER, MD 21220-4414
- In care of
- % PHILIP DEPALO
- Mailing address (990-N for 2021)
- 1120 Burke Rd, Middle River MD 21220
- Principal officer (990-N for 2021)
- Philip DePalo, 1120 Burke Rd, Middle River MD 21220
- Signed the 990-EZ
- Philip DePalo, Treasurer
- Phone
- (410) 371-8049
- Website
- laughterartsfoundation.org
Mission
THE FIRST IS TO HELP PROVIDE ENTERTAINMENT TO THOSE WHO MAY NOT BE ABLE TO AFFORD IT. SECOND, LAF WANTS TO HELP FURTHER THE VARIETY PERFORMING ARTS THROUGH FUNDING, MANAGING, AND ENCOURAGING WORKSHOPS, FESTIVALS, AND PERFORMANCES. LAF'S THIRD PURPOSE IS TO HELP OTHERS RAISE FUNDS FOR WORTHY CAUSES THROUGH VARIETY ARTS' PERFORMANCES.
Program accomplishments
- This year LAF started a campaign called Humor Me where they provided virtual shows through donations to loved ones who were experiencing a medical event.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 73-1663139
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Arts, culture and humanities (A60)
- Assets (IRS master file)
- $1,883
- Income (IRS master file)
- $11,305
Revocation and reinstatement
- Exemption revoked
- May 15, 2019
- Posted by the IRS
- August 12, 2019
- Reinstated
- Effective May 15, 2019
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $11,305 | $12,279 | $1,883 | XML |
| 990-EZ | December 2023 | $11,000 | $8,554 | $2,857 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-N for 2021 Officer: Philip DePalo | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-N for 2015 Officer: Philip DePalo | December 31, 2015 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 73-1663139).
Questions about LAUGHTER ARTS FOUNDATION INC
- What is the EIN of LAUGHTER ARTS FOUNDATION INC?
- The employer identification number (EIN) of LAUGHTER ARTS FOUNDATION INC is 73-1663139.
- Is LAUGHTER ARTS FOUNDATION INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2019 and reinstated it effective May 15, 2019.
- Are donations to LAUGHTER ARTS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LAUGHTER ARTS FOUNDATION INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of LAUGHTER ARTS FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LAUGHTER ARTS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of LAUGHTER ARTS FOUNDATION INC?
- The 990-N for 2021 names Philip DePalo.
- Who are the officers and directors of LAUGHTER ARTS FOUNDATION INC?
- The 990-EZ for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does LAUGHTER ARTS FOUNDATION INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $11,305, expenses of $12,279 and total assets of $1,883 at year end.
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