Veterans Memorial Association Of Saranac Lake Inc
- Assets
- $132.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Saranac Lake, NY
- Founding
- 07/1990
- Data as of
- 03/2023
- EIN
- 15-0510018
Organization Overview
Veterans Memorial Association Of Saranac Lake Inc is located in Saranac Lake, NY. The organization was established in 1990. According to its NTEE Classification (A03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Veterans Memorial Association Of Saranac Lake Inc is a 501(c)(19) and as such, is described as a "Post or Organization of Past or Present Members of the Armed Forces" by the IRS.
For the year ending 03/2023, Veterans Memorial Association Of Saranac Lake Inc generated $75.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $101.3k during the year ending 03/2023. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 6 years. 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
2023
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION WAS CREATED TO PROVIDE SUPPORT AND ASSISTANCE TO VETERANS AND THEIR FAMILIES, AND FOR THE SOCIAL AND ECONOMIC BENEFIT OF THE LOCAL COMMUNITY. THE ORGANIZATION ALSO PROVIDES COLLEGE SCHOLARSHIPS FOR STUDENTS IN THE COMMUNITY.
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 |
|---|---|---|---|
Patrick Redman President | 0 | $0 | |
Wilber Lyon Vice President | 0 | $0 | |
Arnie Malm Treasurer | 10 | $6,450 | |
Eric Olson Secretary | 9 | $0 | |
Ken Casler Director | 0 | $0 | |
Thomas Jacobs Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,538 |
| Gain or Loss | $349 |
| Net Income from Gaming & Fundraising | $15,085 |
| Other Revenue | $0 |
| Total Revenue | $75,196 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $54,510 |
| Professional fees and other payments to independent contractors | $1,415 |
| Occupancy, rent, utilities, and maintenance | $35,783 |
| Printing, publications, postage, and shipping | $316 |
| Other expenses | $6,596 |
| Total expenses | $101,270 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $104,449 |
| Other assets | $0 |
| Total assets | $132,323 |
| Total liabilities | $1,420 |
| Net assets or fund balances | $130,903 |