Lake George Chamber Of Commerce is located in Lake George, NY. The organization was established in 1954. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2021, Lake George Chamber Of Commerce employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake George Chamber Of Commerce is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 09/2021, Lake George Chamber Of Commerce generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $1.2m during the year ending 09/2021. While expenses have increased by 12.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE BUSINESS AND COMMUNITY GROWTH AND DEVELOPMENT WHILE PRESERVING THE COMPETITIVE ENTERPRISE SYSTEM OF BUSINESS BY CREATING A BETTER UNDERSTANDING AND APPRECIATION OF THE IMPORTANCE OF BUSINESS PEOPLE AND A CONCERN FOR THEIR PROBLEMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF BUSINESS THROUGHOUT THE LAKE GEORGE REGION BY PUBLICATION OF 70,000 ADVERTISING BOOKLETS, HOSTING A WEBSITE PROMOTING LOCAL AND REGIONAL EVENTS, ATTENDANCE AT CONSUMER TRADE AND TRAVEL SHOWS, MANNING LOCAL INFORMATION CENTERS AND MISCELLANEOUS ACTIVITIES SUPPORTED BY 360 MEMBERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dennis Lafontaine President | Officer | 8 | $0 |
Gary Thornquist Secretary | Officer | 8 | $0 |
Matthew Taormino Treasurer | Officer | 8 | $0 |
Jeff Bartone 2nd Vice President | Officer | 5 | $0 |
Janice Fox 1st Vice President | Officer | 5 | $0 |
Tom Wysocki 2nd Vice President | Officer | 5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $473,276 |
All other contributions, gifts, grants, and similar amounts not included above | $122,759 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $596,035 |
Total Program Service Revenue | $735,642 |
Investment income | $41 |
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 | $1,331,718 |
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 | $531,673 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $73,404 |
Payroll taxes | $47,515 |
Fees for services: Management | $234,688 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $7,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $41,747 |
Office expenses | $19,584 |
Information technology | $26,072 |
Royalties | $0 |
Occupancy | $19,716 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $1,773 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $6,199 |
Insurance | $0 |
All other expenses | $9,342 |
Total functional expenses | $1,218,983 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $401,465 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $8,639 |
Net Land, buildings, and equipment | $43,826 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $453,930 |
Accounts payable and accrued expenses | $12,890 |
Grants payable | $0 |
Deferred revenue | $134,811 |
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 | $0 |
Other liabilities | $1,000 |
Total liabilities | $148,701 |
Net assets without donor restrictions | $0 |
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 | $305,229 |
Total liabilities and net assets/fund balances | $453,930 |
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American Association Of Advertising Agencies Inc New York, NY | $18,840,338 | $16,325,912 |
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The Toy Association Inc New York, NY | $44,631,259 | $11,487,921 |
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