Historic Saranac Lake Inc
- Assets
- $2.2m
- Revenue
- $750.4k
- Investments
- $0.0
- Employees
- 10
- Location
- Saranac Lake, NY
- Founding
- 12/1982
- Data as of
- 08/2022
- EIN
- 14-1635407
Organization Overview
Historic Saranac Lake Inc is located in Saranac Lake, NY. The organization was established in 1982. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2022, Historic Saranac Lake Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Historic Saranac Lake Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2022, Historic Saranac Lake Inc generated $750.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.8% each year . All expenses for the organization totaled $332.4k during the year ending 08/2022. While expenses have increased by 12.0% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SEEK LISTINGS ON THE NATIONAL REGISTER OF HISTORIC PLACES; TO EDUCATE MEMBERS OF THE COMMUNITY & VISITORS ABOUT LOCAL HISTORY; TO CREATE COMMUNITY AWARENESS AND PRIDE IN LOCAL HISTORY; TO PROMOTE HISTORICAL RESEARCH; TO ENCOURAGE PRESERVATION OF HISTORIC MATERIALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HISTORIC PRESERVATION EDUCATION & AWARENESS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Morris Karen Secretary | OfficerTrustee | $0 | |
Rawdon Andrew Treasurer | OfficerTrustee | $0 | |
Van Anden Beth Vice-Preside | OfficerTrustee | $0 | |
Cheney-Seymour Amy Director | Trustee | $0 | |
Dudones Janet Director | Trustee | $0 | |
Heckethorn-Jones Amy President | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $24,213 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $114,444 |
| All other contributions, gifts, grants, and similar amounts not included above | $651,005 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $789,662 |
| Total Program Service Revenue | $39,536 |
| Investment income | -$62,760 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$17,826 |
| 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 | $1,331 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $750,443 |
| 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 | $188,747 |
| Pension plan accruals and contributions | $4,276 |
| Other employee benefits | $3,615 |
| Payroll taxes | $15,661 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,386 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,550 |
| Fees for services: Other | $7,750 |
| Advertising and promotion | $683 |
| Office expenses | $11,611 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,693 |
| Travel | $247 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $220 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,811 |
| Insurance | $14,265 |
| All other expenses | $2,776 |
| Total functional expenses | $332,412 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,054 |
| Savings and temporary cash investments | $634,890 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,127,409 |
| Investments—publicly traded securities | $346,368 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,061 |
| Other assets | $5,210 |
| Total assets | $2,169,992 |
| Accounts payable and accrued expenses | $10,105 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $10,105 |
| Net assets without donor restrictions | $2,159,887 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,169,992 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that Historic Saranac Lake Inc has recieved totaling $167,017.
| Awarding Organization | Amount |
|---|---|
Cloudslitter Foundation Saranac Lake, NY PURPOSE: GENERAL CHARITABLE | $50,000 |
Adirondack Foundation Lake Placid, NY PURPOSE: FOR UNRESTRICTED SUPPORT AT THE REQUEST OF DAVID K. CHAPIN | $27,210 |
Robert & Esther Black Family Fdn Pittsburgh, PA PURPOSE: GENERAL OPERATING | $16,667 |
Grandison Foundation Sayville, NY PURPOSE: GENERAL CHARITABLE PURPOSE | $15,000 |
Adirondack Foundation Lake Placid, NY PURPOSE: FOR UNRESTRICTED SUPPORT | $11,500 |
New Hampshire Charitable Foundation Concord, NH PURPOSE: For operating support | $10,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Historical Society New York, NY | $208,003,318 | $56,360,280 |
John E Andrus Memorial Inc Hastingsonhudson, NY | $34,101,989 | $32,146,743 |
Seventh Regiment Armory Conservancy Inc New York, NY | $306,083,724 | $25,857,761 |
American Society For Yad Vashem Inc New York, NY | $98,978,221 | $39,756,518 |
Friends Of The High Line Inc New York, NY | $106,621,000 | $20,114,000 |
World Monuments Fund Inc New York, NY | $56,711,356 | $20,259,179 |
Historic Hudson Valley Pocantico Hills, NY | $88,361,473 | $19,006,453 |
New England Historic Genealogical Society Inc Boston, MA | $58,526,477 | $13,569,592 |
Connecticut Trust For Historic Preservation Hamden, CT | $2,880,357 | $12,511,714 |
The Fort Ticonderoga Association Inc Ticonderoga, NY | $22,583,346 | $10,084,437 |
Historical Society Of Western Pennsylvania Pittsburgh, PA | $61,152,096 | $7,849,869 |
The Josef And Anni Albers Foundation Inc Bethany, CT | $32,115,057 | $7,525,828 |