ACADEMY OF THE LOST ARTS INC

EIN: 990967978 501(c)(3) Human Services

Westminster, MD

Total Revenue
$11,971
Total Expenses
$45,518
Total Assets
$786,968
Net Assets
$786,968
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2024
Legal Domicile
MD
Principal Officer
Gabrielle Balassone
Phone
9152495833
Tax Period
2025-01-01 to 2025-12-31

ACADEMY OF THE LOST ARTS INC, founded in 2024, is a micro nonprofit in the Human Services sector that reported $12K in total revenue in fiscal year 2025. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $46K exceeded revenue, resulting in a 280% operating deficit.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $0 Revenue: $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...

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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.

Program 2
Expenses: $41,664 Revenue: $11,971

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...

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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)

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $11,971
TOTAL REVENUE $11,971

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $41,664
Other Expenses $45,518
TOTAL EXPENSES $45,518

Year-over-Year Comparison

2025 2024 Change
Revenue $11,971 $900,100 -1.0%
Expenses $45,518 $729,586 -0.9%
Net Income $-33,547 $170,514 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gabrielle Balassone President 5
Officer Director
$0 $0 $0
Amanda Green Treasurer 0.5
Officer Director
$0 $0 $0
Gina Palermo Secretary 0.2
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $11,971 $45,518 $786,968 $-33,547
2024 $900,100 $729,586 $820,514 $170,514
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