The Fund For Lake George Inc
- Assets
- $0.0
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 5
- Location
- Lake George, NY
- Founding
- 09/1985
- Data as of
- 06/2021
- EIN
- 22-2565313
Organization Overview
The Fund For Lake George Inc is located in Lake George, NY. The organization was established in 1985. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. As of 06/2021, Fund For Lake George Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fund For Lake George 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 06/2021, Fund For Lake George Inc generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (7.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Fund For Lake George Inc has awarded 37 individual grants totaling $2,629,568. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE PRESERVATION, PROTECTION AND UNDERSTANDING OF LAKE GEORGE AND ITS SURROUNDING BASIN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUTREACH PROGRAM - PROGRAMS TO TEACH THE PUBLIC ABOUT PROTECTION OF WATER QUALITY.
WATER QUALITY AND LAKE SCIENCE PROGRAM - FOCUSES ON A CONTINUOUS LONG-TERM MONITORING OF THE WATER QUALITY OF LAKE GEORGE MEASURING A VARIETY OF ANALYTES. THIS PROGRAM ALSO INCLUDES OTHER RESEARCH EFFORTS AROUND INVASIVE SPECIES AND LAND USE.
THE LAKE GEORGE WATERKEEPER PROGRAM - AN EFFORT THAT FOCUSES ON MONITORING AND IMPROVING DEVELOPMENT PRACTICES AROUND LAKE GEORGE AND ENSURES THAT STATE AND LOCAL LAWS ARE FOLLOWED DURING THE ENVIRONMENTAL REGULATORY REVIEW PROCESS. THIS PROJECT ALSO INCLUDES RESEARCH ON STREAMS IN THE LAKE GEORGE WATERSHED AND ALGAE LEVELS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Siy Executive Dir. | Officer | 40 | $94,059 |
William Creighton Vice Chair | OfficerTrustee | 8 | $0 |
Bob Bailey Develop Officer | OfficerTrustee | 4 | $0 |
Tom West Secretary | OfficerTrustee | 2 | $0 |
Ike Wolgin Treasurer | OfficerTrustee | 4 | $0 |
Jeff Killeen Chairman | OfficerTrustee | 20 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pc Sexton - Wit Companies Llc Advisory/mentoring | 12/30/20 | $182,000 |
Tamarack Consulting Services Llp General Communications | 12/30/20 | $100,527 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,212,724 |
| Noncash contributions included in lines 1a–1f | $283,795 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,212,724 |
| Total Program Service Revenue | $0 |
| Investment income | $64,974 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1,119 |
| Net Gain/Loss on Asset Sales | $134,560 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,411,386 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $177,083 |
| 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. | $98,587 |
| Compensation of current officers, directors, key employees. | $20,915 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $178,254 |
| Pension plan accruals and contributions | $8,911 |
| Other employee benefits | $27,419 |
| Payroll taxes | $22,818 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,830 |
| Fees for services: Accounting | $11,051 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,320 |
| Fees for services: Other | $2,238 |
| Advertising and promotion | $8,478 |
| Office expenses | $930 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,142 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $380 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,814 |
| Insurance | $706 |
| All other expenses | $11,005 |
| Total functional expenses | $1,073,976 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, The Fund For Lake George Inc has awarded $176,833 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Troy, NY PURPOSE: Jefferson Project | $135,000 |
LAKE GEORGE PARK COMMISSION PURPOSE: Invasives Prevention Program | $32,500 |
TOWN OF HAGUE PURPOSE: Salt Reduction Snow Plow Equipment | $9,333 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Fund For Lake George Inc has recieved totaling $5,500.
| Awarding Organization | Amount |
|---|---|
Bob And Kristin Davidson Foundation Philadelphia, PA PURPOSE: TO HELP FUND THE OPERATING BUDGET. | $5,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sustainable Markets Foundation New York, NY | $17,976,931 | $19,381,628 |
Only One Inc New York, NY | $3,262,058 | $9,834,103 |
New Jersey Audubon Society Bernardsville, NJ | $31,869,877 | $7,026,003 |
Cec Stuyvesant Cove Inc Long Island City, NY | $4,789,679 | $6,047,317 |
Wildlife Management Institute Inc Cabot, VT | $3,841,271 | $5,821,824 |
The Connecticut Audubon Society Incorporated Fairfield, CT | $62,592,543 | $6,801,215 |
Ruffed Grouse Society Pittsburgh, PA | $13,438,836 | $6,572,928 |
Mothers Out Front Inc Cambridge, MA | $3,902,382 | $3,274,134 |
Nantucket Conservation Foundation Inc Nantucket, MA | $151,824,686 | $12,776,139 |
American Society For The Protection Of Nature Israel Inc New York, NY | $437,688 | $3,144,160 |
Guanacaste Dry Forest Conservation Fund Huntington, VT | $19,091,340 | $3,460,477 |
Pa Assoc Of Conservation Districts Inc Harrisburg, PA | $2,577,881 | $2,656,352 |