Lake Champlain-Lake George Regional Development Corporation
- Assets
- $77.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lake George, NY
- Founding
- 02/1992
- Data as of
- 12/2022
- EIN
- 14-1725736
Organization Overview
Lake Champlain-Lake George Regional Development Corporation is located in Lake George, NY. The organization was established in 1992. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Champlain-Lake George Regional Development Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Lake Champlain-Lake George Regional Development Corporation generated $2.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (40.7%) each year. All expenses for the organization totaled $5.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION HAS CONTRIBUTED TO THE PUBLIC INTEREST THROUGH THE INSURANCE OF OVER 5 MILLION DOLLARS IN LOANS TO BUSINESSES THROUGHOUT THE 5 COUNTY SERVICE AREA PROMOTING ECONOMIC DEVELOPEMENT AND THE CREATION OF OR RETENTION OF JOBS. THE ORGANIZATION ALSO AIDED LOCAL BUSINESS WITH COVID RESILIENCY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David O'brien Chairman | 2 | $0 | |
John Strough Vice Chairman | 0 | $0 | |
Beth Hunt Secretary | 0 | $0 | |
Albert Nolette Treasurer | 2 | $0 | |
Elizabeth Gilles Executive Director | 5 | $0 | |
Meg Wood Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,660 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $2,660 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $4,946 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $956 |
| Total expenses | $5,902 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $60,723 |
| Other assets | $0 |
| Total assets | $77,596 |
| Total liabilities | $60,319 |
| Net assets or fund balances | $17,277 |