Civic Intelligence

Laughter Arts Foundation Inc.

990EZ • Fiscal year 2023 • EIN 73-1663139

Jan 01, 2023 to Dec 31, 2023 • Filed on Apr 12, 2024

Organization Profilelaughterartsfoundation.org
1120 Burke RoadMiddle River, MD 21220

(410) 371-8049

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

76th percentile

22%

Higher net margin than 76% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

98th percentile

595%

Faster asset growth than 98% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

99th percentile

1460%

Faster revenue growth than 99% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$2,857

Up $2,446 (+595%) from 2022

Net Assets

Up

$2,857

Up $2,446 (+595%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin76th percentile

Revenue

Up

$11,000

Up $10,295 (+1460%) from 2022

Expenses

Up

$8,554

Up $7,025 (+459%) from 2022

Net Income

Up

$2,446

Up $3,270 (+397%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0K$4.0K$2.0K$0Assets 2016: $4,000Liabilities 2016: $02016Assets 2017: $6,000Liabilities 2017: $02017Assets 2019: $50Liabilities 2019: $0Net Assets 2019: $502019Assets 2020: $445Liabilities 2020: $0Net Assets 2020: $4452020Assets 2021: $1,235Liabilities 2021: $0Net Assets 2021: $1,2352021Assets 2022: $411Liabilities 2022: $0Net Assets 2022: $4112022Assets 2023: $2,857Liabilities 2023: $0Net Assets 2023: $2,8572023Assets 2024: $1,883Liabilities 2024: $0Net Assets 2024: $1,8832024

Highlighted filing

2023

Assets$2,857
Liabilities$0
Net Assets$2,857
Open 2023 Filing

Operations Trend

Revenue Growth99th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15K$10K$5.0K$0-$5.0KRevenue 2016: $5,000Expenses 2016: $1,000Net Income 2016: $4,0002016Revenue 2017: $6,000Expenses 2017: $4,000Net Income 2017: $2,0002017Revenue 2019: $80Expenses 2019: $30Net Income 2019: $502019Revenue 2020: $601Expenses 2020: $196Net Income 2020: $4052020Revenue 2021: $1,020Expenses 2021: $230Net Income 2021: $7902021Revenue 2022: $705Expenses 2022: $1,529Net Income 2022: -$8242022Revenue 2023: $11,000Expenses 2023: $8,554Net Income 2023: $2,4462023Revenue 2024: $11,305Expenses 2024: $12,279Net Income 2024: -$9742024

Highlighted filing

2023

Revenue$11,000
Expenses$8,554
Net Income$2,446
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 12, 2024
Return Version
2023v5.0
Gross Receipts
$11,000
Mission and Program Overview

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 Services

DescriptionGrantsExpenses
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.$0$0
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael RosmanPresidentPT$0--
Philip DePaloSecretary TreasurerPT$0--
Wil AllynBoard Member-$0--
Todd StrongBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Laughter Arts Foundation Inc
EIN
73-1663139
Phone
4103718049
Address
1120 Burke Road, Middle River, MD 21220

Signing Officer

Name
Philip DePalo
Title
Treasurer
Phone
4103718049
Signed
2024-04-12
Raw XML Appendix201 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/PrimaryExemptPurposeTxt0THE 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.
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum04103718049
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-04-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAUGHTER ARTS FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0LAUG
ReturnHeader/Filer/EIN0731663139
ReturnHeader/Filer/PhoneNum04103718049
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ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Philip
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0DePalo
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,857
Liabilities
$0
Net assets
$2,857
Revenue
$11,000
Expenses
$8,554
Net income
$2,446
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.88$0.00$1.88$11.3$12.3$0.97
2023Detailed filing. Detailed filing data is available for this year.$2.86$0.00$2.86$11.0$8.55$2.45
2022Detailed filing. Detailed filing data is available for this year.$0.41$0.00$0.41$0.71$1.53$0.82
2021Detailed filing. Detailed filing data is available for this year.$1.24$0.00$1.24$1.02$0.23$0.79
2020Detailed filing. Detailed filing data is available for this year.$0.45$0.00$0.45$0.60$0.20$0.41
2019Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$0.08$0.03$0.05
2017Summary only. Only limited summary data is available for this year.$6.00$0.00$6.00$4.00$2.00
2016Summary only. Only limited summary data is available for this year.$4.00$0.00$5.00$1.00$4.00