Lake George Association Inc
- Assets
- $20.5m
- Revenue
- $6.9m
- Investments
- $2.8k
- Employees
- 16
- Location
- Lake George, NY
- Founding
- 09/1957
- Data as of
- 12/2021
- EIN
- 14-6000565
Organization Overview
Lake George Association Inc is located in Lake George, NY. The organization was established in 1957. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Lake George Association Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake George Association 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 12/2021, Lake George Association Inc generated $6.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.0% each year . All expenses for the organization totaled $2.3m during the year ending 12/2021. While expenses have increased by 12.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
DEDICATED TO THE ENDURING PROTECTION OF LAKE GEORGE WATER QUALITY, ACHIEVED THROUGH SCIENCE-GUIDED ACTION, EDUCATION, ADVOCACY AND PRODUCTIVE PARTNERSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LAKE GEORGE ASSOCIATION PROVIDES TECHNICAL AND FINANCIAL ASSISTANCE TO PROPERTY OWNERS AND MUNICIPALITIES; RESEARCH AND DIRECT PROTECTION PROGRAMS THROUGH THE JEFFERSON PROJECT, THE LAKE GEORGE WATERKEEPER, AND AN ARRAY OF PUBLIC-PRIVATE PARTNERSHIPS; PUBLIC EDUCATION PROGRAMS; AND PUBLIC POLICY ADVOCACY, ALL WITH THE GOAL OF PROTECTING LAKE GEORGE'S WATER QUALITY. THIS INCLUDES MONITORING AND IMPROVING DEVELOPMENT AND PROTECTION PRACTICES AROUND LAKE GEORGE TO ENSURE THAT STATE AND LOCAL LAWS ARE FOLLOWED DURING THE ENVIRONMENTAL REGULATORY REVIEW PROCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
C Walt Lender Exec. Dir. .5yr | Officer | 40 | $114,714 |
Eric Siy President .5yr | Officer | 40 | $88,404 |
Jeff Killeen Chair | OfficerTrustee | 1 | $0 |
Peter Menzies Vice Chair | OfficerTrustee | 1 | $0 |
Bill Creighton Treasurer | OfficerTrustee | 1 | $0 |
Roy N Davis Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $177,189 |
| Fundraising events | $13,487 |
| Related organizations | $0 |
| Government grants | $288,839 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,159,839 |
| Noncash contributions included in lines 1a–1f | $189,159 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,639,354 |
| Total Program Service Revenue | $5,945 |
| Investment income | $215,977 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,023,456 |
| Net Income from Fundraising Events | -$9,740 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,912 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,877,319 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $188,250 |
| 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. | $250,568 |
| Compensation of current officers, directors, key employees. | $82,743 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $542,881 |
| Pension plan accruals and contributions | $16,391 |
| Other employee benefits | $33,746 |
| Payroll taxes | $59,069 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,387 |
| Fees for services: Accounting | $50,494 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,228 |
| Fees for services: Other | $19,061 |
| Advertising and promotion | $29,670 |
| Office expenses | $14,790 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,728 |
| Insurance | $36,181 |
| All other expenses | $112,570 |
| Total functional expenses | $2,284,831 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $457,152 |
| Savings and temporary cash investments | $1,907,634 |
| Pledges and grants receivable | $1,538,459 |
| Accounts receivable, net | $114,021 |
| 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 | $30,623 |
| Net Land, buildings, and equipment | $566,050 |
| Investments—publicly traded securities | $14,421,348 |
| Investments—other securities | $2,841 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,462,826 |
| Total assets | $20,500,954 |
| Accounts payable and accrued expenses | $116,262 |
| 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 | $10,750 |
| Total liabilities | $127,012 |
| Net assets without donor restrictions | $20,357,114 |
| Net assets with donor restrictions | $16,828 |
| 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 | $20,500,954 |
Grants Awarded
Over the last fiscal year, Lake George Association Inc has awarded $184,400 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Troy, NY PURPOSE: The Jefferson Project | $115,000 |
TOWN OF LAKE GEORGE PURPOSE: Porous Pavement System | $36,900 |
LAKE GEORGE PARK COMMISSION PURPOSE: Boat inspection program | $32,500 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Lake George Association Inc has recieved totaling $33,600.
| Awarding Organization | Amount |
|---|---|
Bohler Family Infinity Foundation Inc Morristown, NJ PURPOSE: UNRESTRICTED GRANT TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSE. | $25,000 |
Putnam Family Foundation Inc Cobleskill, NY PURPOSE: PROGRAM SUPPORT | $5,000 |
George R & Evelyn W Brothers Tr Ua Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $2,500 |
George R & Evelyn W Brothers Tr Ua Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $1,000 |
John C And Mary Jane Howard Foundation Richland, MI PURPOSE: GENERAL SUPPORT | $100 |
Lamando Fam Foundation Tr Westport, CT PURPOSE: UNRESTRICTEDCHARITY | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hamilton-Madison House Inc New York, NY | $11,830,050 | $17,173,913 |
Buffalo Olmsted Parks Conservancy Inc Buffalo, NY | $5,280,478 | $5,712,316 |
New York Landmarks Conservancy Inc New York, NY | $20,181,669 | $5,556,998 |
Historical Society Of Pennsylvania Philadelphia, PA | $29,519,223 | $5,864,620 |
Marthas Vineyard Museum Inc Vineyard Haven, MA | $28,426,122 | $2,586,449 |
Florence Griswold Museum Inc Old Lyme, CT | $32,307,778 | $2,875,061 |
Bucks County Historical Society Mercer Museum Doylestown, PA | $25,757,784 | $3,151,386 |
Friends Of Hildene Inc Manchester, VT | $15,529,063 | $5,299,027 |
Mattatuck Historical Society Waterbury, CT | $30,372,011 | $3,496,557 |
Edith Wharton Restoration Inc Lenox, MA | $18,245,381 | $3,306,294 |
Galvan Initiatives Foundation New York, NY | $45,061,487 | $6,375,160 |
Concord Antiquarian Society Concord, MA | $23,141,155 | $2,972,281 |