The Fund for Lake George Inc

EIN: 222565313 501(c)(3)

Lake George, NY

Total Revenue
$1,411,386
Total Expenses
$1,073,976
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
NY
Principal Officer
Eric Siy
Phone
5186689700
Tax Period
2021-01-01 to 2021-06-30

The Fund for Lake George Inc, founded in 1984, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2021. Revenue fell 53% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $337K, a strong 24% operating margin.

Mission

To promote the preservation, protection and understanding of Lake George and its surrounding basin.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $1,212,724
Program Service Revenue $0
Investment Income $199,534
Other Revenue $-872
TOTAL REVENUE $1,411,386

Expense Breakdown

Grants Paid $177,083
Salaries & Benefits $335,989
Fundraising Expenses $37,578
Program Expenses $835,507
Other Expenses $560,904
TOTAL EXPENSES $1,073,976

Year-over-Year Comparison

2021 2020 Change
Revenue $1,411,386 $2,994,179 -0.5%
Expenses $1,073,976 $1,912,979 -0.4%
Net Income $337,410 $1,081,200 -0.7%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
16
Employees
5
Volunteers
20

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
6
$102,876
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Eric Siy Executive Dir. 40.00
Officer
$94,059 $8,817 $102,876
Lucinda H Bhavsar Trustee 2.00
Director
$0 $0 $0
William Creighton Vice Chair 8.00
Officer Director
$0 $0 $0
Don Rice Trustee 2.00
Director
$0 $0 $0
Venetia Lannon Trustee 2.00
Director
$0 $0 $0
Dr John Macionis Trustee 2.00
Director
$0 $0 $0
Blair Keller Trustee 2.00
Director
$0 $0 $0
George Hearst Trustee 2.00
Director
$0 $0 $0
Bob Bailey Develop Officer 4.00
Officer Director
$0 $0 $0
John Kelly Trustee 2.00
Director
$0 $0 $0
Linda Schadler Feist Trustee 2.00
Director
$0 $0 $0
Tom West Secretary 2.00
Officer Director
$0 $0 $0
Nancy Reuss Trustee 2.00
Director
$0 $0 $0
George Morris Trustee 2.00
Director
$0 $0 $0
Ike Wolgin Treasurer 4.00
Officer Director
$0 $0 $0
David Darrin Trustee 2.00
Director
$0 $0 $0
Jeff Killeen Chairman 20.00
Officer Director
$0 $0 $0
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
2021 $1,411,386 $1,073,976 No data $337,410
2020 $2,994,179 $1,912,979 $9,769,939 $1,081,200
2019 $3,070,932 $1,695,608 $7,952,508 $1,375,324
2018 $2,212,996 $1,467,497 $5,880,184 $745,499
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