Lake George Chamber Of Commerce

Organization Overview

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.

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.


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Financial Statements

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

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