Lake Placid Chamber Of Commerce Inc

Organization Overview

Lake Placid Chamber Of Commerce Inc, operating under the name Regional Office Sustainable Tourism, is located in Lake Placid, NY. The organization was established in 1975. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Regional Office Sustainable Tourism employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Regional Office Sustainable Tourism 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 12/2022, Regional Office Sustainable Tourism generated $7.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $7.1m during the year ending 12/2022. While expenses have increased by 11.3% per year over the past 8 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

2022

Describe the Organization's Mission:

Part 3 - Line 1

TOURISM DESTINATION PROMOTION AND BUSINESS DEVELOPMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROMOTION OF BUSINESS, TRADE AND TOURISM IN ESSEX COUNTY, NEW YORK; FRANKLIN COUNTY, NEW YORK; AND HAMILTON COUNTY, NEW YORK, INCLUDING THE TOWNSHIPS AND HAMLETS COMPRISING THOSE COUNTIES.


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Board, Officers & Key Employees

Name (title)Compensation
James B Mckenna
Chief Exec.
$174,386
Karen Judge Dalton
Director
$0
Marc Galvin
Treasurer
$0
Joseph Gehm
Director
$0
Charles Grundon
Director
$0
Jodi Gunther
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $383,772
All other contributions, gifts, grants, and similar amounts not included above$208,204
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$591,976
Total Program Service Revenue$6,972,188
Investment income $2,757
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$2,551
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $7,661,865

Peer Organizations

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German American Chamber Of Commerce Inc
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Lake Placid Chamber Of Commerce Inc
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$7,661,865
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Worcester Regional Chamber Of Commerce
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$4,028,685
Better Business Bureau Inc
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$3,724,041
York County Convention & Visitors Bureau Inc
York, PA
$4,351,280
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Discover Long Island Inc
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New England Regional Council Of Carpenters Building Corp Ny
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Scranton Chamber Of Commerce
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$2,878,882

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