LAKE GEORGE CORPORATION D/B/A LAKE GEORGE REGIONAL PARK

EIN: 010477896 501(c)(3)

SKOWHEGAN, ME

Total Revenue
$233,994
Total Expenses
$204,296
Total Assets
$864,400
Net Assets
$851,918
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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
ME
Principal Officer
JOSEPH KENNEDY
Phone
2074741292
Tax Period
2023-01-01 to 2023-12-31

LAKE GEORGE CORPORATION D/B/A LAKE GEORGE REGIONAL PARK is a 501(c)(3) with EIN 010477896, based in SKOWHEGAN, ME. Founded in 1992, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $233,994 in total revenue and $204,296 in total expenses, with net assets of $851,918.

Mission

PARK SERVICE TO VISITORS. THE PARK IS OPEN YEAR-ROUND WITH FEES CHARGED DURING THE SUMMER MONTHS. FREE PROGRAMS ARE RUN FOR SCHOOL CHILDREN DURING THE YEAR.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $46,284
Program Service Revenue $151,815
Investment Income $6,342
Other Revenue $29,553
TOTAL REVENUE $233,994

Expense Breakdown

Grants Paid $0
Salaries & Benefits $138,272
Fundraising Expenses $0
Program Expenses $166,018
Other Expenses $66,024
TOTAL EXPENSES $204,296

Year-over-Year Comparison

2023 2022 Change
Revenue $233,994 $278,792 -0.2%
Expenses $204,296 $225,915 -0.1%
Net Income $29,698 $52,877 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
21
Volunteers
30

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$46,838
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH KENNEDY PRESIDENT 5.00
Officer Director
$0 $0 $0
HEATHER KERNER SECRETARY 5.00
Officer Director
$0 $0 $0
NANCY AMES TREASURER 5.00
Officer Director
$0 $0 $0
EMILEE ROBERTSON BOARD MEMBER 1.00
Director
$0 $0 $0
DAN DICKEY BOARD MEMBER 1.00
Director
$0 $0 $0
ANNA CHUGAY BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID SNELL BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL SPOONER BOARD MEMBER 1.00
Director
$0 $0 $0
PENNY DERAPS BOARD MEMBER 1.00
Director
$0 $0 $0
ESTER FRANKLIN BOARD MEMBER 1.00
Director
$0 $0 $0
DARRYLL WHITE DIRECTOR 25.00
Officer
$46,838 $0 $46,838
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $233,994 $204,296 $864,400 $29,698
2022 $278,792 $225,915 $785,130 $52,877
2021 $367,529 $195,471 $767,444 $172,058
2020 $419,740 $156,537 $578,263 $263,203
2019 $173,157 $141,411 $303,773 $31,746
2018 $191,952 $133,770 $235,951 $58,182
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