Adirondack-1000 Islands Sports & Events Commission Inc
- Assets
- $17.5m
- Revenue
- $63.5m
- Investments
- $0.0
- Employees
- 162
- Location
- Lake Placid, NY
- Founding
- 03/1988
- Data as of
- 03/2023
- EIN
- 22-2861424
Organization Overview
Adirondack-1000 Islands Sports & Events Commission Inc is located in Lake Placid, NY. The organization was established in 1988. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 03/2023, Adirondack-1000 Islands Sports & Events Commission Inc employed 162 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adirondack-1000 Islands Sports & Events Commission 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 03/2023, Adirondack-1000 Islands Sports & Events Commission Inc generated $63.5m in total revenue. All expenses for the organization totaled $57.8m during the year ending 03/2023. While expenses have increased by 428.8% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP AND PROMOTE REGIONAL AND INTERNATIONAL SPORTS ACTIVITIES AND EVENTS,
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMMISSION STRIVES TO DEVELOP AND PROMOTE SPORTING EVENTS IN THE ADIRONDACK MOUNTAIN AND 1000 ISLAND REGION OF NEW YORK STATE FOR THE PURPSOE OF EXPANDING THE YEAR ROUND ECONOMIC OPPORTUNITIES OF THE AREA AND TO INCREASE PUBLIC INTEREST IN SPORTING EVENTS. THE COMMISSION'S CURRENT EFFORTS ARE TO DEVELOP AND PROMOTE REGIONAL AND INTERNATIONAL SPORTS ACTIVITIES AND EVENTS AND SPUR UPGRADES OF THE REGIONALINFRASTRUCTURE INCLUSING BUT NOT LIMITED TO CONDUCTING THE 2023 WORLD UNIVERSITY WINTER GAMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Leahy Director | Trustee | 2 | $0 |
Delise O'meally Director | Trustee | 2 | $0 |
Douglas Stewart Director | Trustee | 10 | $0 |
James Mckenna Chair | OfficerTrustee | 20 | $0 |
Brandon Montag Vice Chair | OfficerTrustee | 2 | $0 |
Martina Lussi Secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Michael O'hara Lynch Llc Consulting | 3/30/22 | $150,000 |
Epic Planning Llc Consulting | 3/30/22 | $231,321 |
Gd2 Global Llc Consulting | 3/30/22 | $137,532 |
Flynn Agency Llc Consulting | 3/30/22 | $126,190 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $58,638,789 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,163,447 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,802,236 |
| Total Program Service Revenue | $1,688,252 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $63,490,488 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $152,000 |
| 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. | $147,265 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,510,160 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $343,918 |
| Payroll taxes | $706,099 |
| Fees for services: Management | $801,684 |
| Fees for services: Legal | $116,748 |
| Fees for services: Accounting | $72,414 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,109,127 |
| Advertising and promotion | $3,822,961 |
| Office expenses | $5,091,506 |
| Information technology | $1,703,353 |
| Royalties | $0 |
| Occupancy | $11,796,647 |
| Travel | $1,418,276 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $41,512 |
| Interest | $21,379 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,837 |
| Insurance | $334,293 |
| All other expenses | $614,602 |
| Total functional expenses | $57,813,781 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,639,803 |
| Savings and temporary cash investments | $4,429,489 |
| Pledges and grants receivable | $951,449 |
| Accounts receivable, net | $292,273 |
| 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 | $132,982 |
| Net Land, buildings, and equipment | $52,150 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,498,146 |
| Accounts payable and accrued expenses | $11,491,831 |
| 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 | $11,491,831 |
| Net assets without donor restrictions | $6,006,315 |
| 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 | $17,498,146 |