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Nonprofiteer
← LAKE GEORGE ASSOCIATION INC

Form 990 for tax year 2024

Filed by LAKE GEORGE ASSOCIATION INC.

Totals

Total revenue
$4,412,888
Total expenses
$3,405,200
Contributions and grants received
$3,730,496
Grants paid
$656,720
Program service revenue
$23,845
Investment income
$695,499
Other revenue
-$36,952
Total assets, end of year
$22,449,705
Total liabilities, end of year
$314,341
Net assets or fund balances, end of year
$22,135,364
Program services expenses (Part IX)
$2,353,501
Management and general expenses
$660,231
Fundraising expenses
$391,468
Program service expenses (Part III)
$2,353,501

Program services were 69.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $457,425

  • 1f · All other contributions, gifts and grants

    $3,273,071

  • 1g · Noncash contributions included above

    $516,376

  • 2a · Program service revenue: FLOATING CLASSROOM FEES

    total $23,845 · related or exempt $23,845

  • 3 · Investment income

    total $691,278 · excluded $691,278

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $649,592

  • 7b · Less cost or other basis and sales expenses

    securities $645,371

  • 7c · Gain or loss

    securities $4,221

  • 7d · Net gain or loss

    total $4,221 · excluded $4,221

  • 8a · Fundraising events: gross income

    $98,420

  • 8a · Fundraising events: contributions included on line 1c

    $457,425

  • 8b · Fundraising events: direct expenses

    $156,195

  • 8c · Net income from fundraising events

    total -$57,775 · excluded -$57,775

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $1,932

  • 10b · Cost of goods sold

    $874

  • 10c · Net income from sales of inventory

    total $1,058 · related or exempt $1,058

  • 11a · Other revenue: Insurance Reimbusement

    total $12,566 · related or exempt $12,566

  • 11b · Other revenue: Stormwater Consulting Fee

    total $7,199 · excluded $7,199

  • 11e · Other revenue, total

    $19,765

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $549,000 · program services $549,000

  • 2 · Grants to domestic individuals

    total $107,720 · program services $107,720

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $30,505 · program services $18,913 · management and general $4,881 · fundraising $6,711

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $935,107 · program services $503,771 · management and general $187,950 · fundraising $243,386

  • 8 · Pension plan contributions

    total $35,064 · program services $18,745 · management and general $6,919 · fundraising $9,400

  • 9 · Other employee benefits

    total $89,814 · program services $55,643 · management and general $6,367 · fundraising $27,804

  • 10 · Payroll taxes

    total $80,922 · program services $42,199 · management and general $18,705 · fundraising $20,018

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $220,448 · program services $218,790 · management and general $1,658

  • 11c · Fees: accounting

    total $35,501 · management and general $35,501

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $43,730 · management and general $43,730

  • 11g · Fees: other

    total $3,676 · program services $1,720 · management and general $1,158 · fundraising $798

  • 12 · Advertising and promotion

    total $106,479 · program services $95,983 · management and general $2,137 · fundraising $8,359

  • 13 · Office expenses

    total $12,525 · program services $5,993 · management and general $3,427 · fundraising $3,105

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $54,605 · program services $32,763 · management and general $21,842

  • 23 · Insurance

    total $39,027 · program services $34,503 · management and general $2,557 · fundraising $1,967

  • 24a · Other expenses: Consulting

    total $570,936 · program services $328,686 · management and general $235,000 · fundraising $7,250

  • 24b · Other expenses: Construction contracts

    total $131,625 · program services $131,625

  • 24c · Other expenses: Environmental study

    total $77,396 · program services $77,396

  • 24d · Other expenses: Travel, meals and conferences

    total $65,114 · program services $39,286 · management and general $17,831 · fundraising $7,997

  • 24e · All other expenses

    total $216,006 · program services $90,765 · management and general $70,568 · fundraising $54,673

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $250 · end of year $250

  • 2 · Savings and temporary cash investments

    beginning of year $777,143 · end of year $372,325

  • 3 · Pledges and grants receivable

    beginning of year $872,341 · end of year $708,362

  • 4 · Accounts receivable

    beginning of year $155,550 · end of year $214,193

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    beginning of year $5,292 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $21,790 · end of year $23,047

  • 10a · Land, buildings and equipment: cost or other basis

    $1,333,922

  • 10b · Land, buildings and equipment: accumulated depreciation

    $754,867

  • 10c · Land, buildings and equipment, net

    beginning of year $613,377 · end of year $579,055

  • 11 · Investments: publicly traded securities

    beginning of year $16,423,476 · end of year $19,094,457

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $1,461,789 · end of year $1,458,016

  • 17 · Accounts payable and accrued expenses

    beginning of year $310,881 · end of year $210,106

  • 25 · Other liabilities

    beginning of year $239,382 · end of year $104,235

  • 27 · Net assets without donor restrictions

    beginning of year $19,773,499 · end of year $22,103,118

  • 28 · Net assets with donor restrictions

    beginning of year $7,246 · end of year $32,246

Mission and programs · 2024

Mission

Dedicated to the enduring protection of Lake George water quality, achieved through science-guided action, education, advocacy and productive partnerships.

  • Lake Science and Solutions:Through individual stream sampling, Lake-wide monitoring programs, data-gathering computers, and data modeling and visual simulations, the Lake George Association staff and its science partners, including the Jefferson Project, are probing into Lake George's chemistry, biology, and atmospheric conditions to understand, anticipate and respond to the unprecedented and escalating pressures of nutrient loading, invasive species, excessive road salt use and global climate change. The Lake George Association provides technical and financial assistance to property owners and municipalities; direct protection programs through an array of public-private partnerships focused on invasive species prevention and treatment, road salt reduction, wastewater and stormwater improvements; and public policy advocacy, all with the goal of protecting Lake George's water quality. This includes monitoring and improving development and protection practices around Lake George to ensure that State and local laws are followed during the environmental regulatory review process.

    Expenses $1,917,383 · Grants $656,379

  • Education for Action: The Lake George Association's education programming translates basic science and research advances in fields related to freshwater protection into compelling digital and experiential learning programs that connect across three broad constituent groups: professionals and legislators; residential and commercial property owners; and the public (i.e., schoolchildren, teachers, and visitors). The programs provide knowledge and skills that drive actionable outcomes to protect the water quality of Lake George, establishing a model for education designed to inform and engage the diverse constituency required for measurable results and sustaining progress.

    Expenses $436,118

As filed on the 2024 return.

Listed in Part VII

  • Eric Siy

    Former President

    Total calculated
    $199,854
    From this org
    $194,828
    From related orgs
    $0
    Other
    $5,026
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    not reported
    Other
    $194,828
    Deferred
    not reported
    Nontaxable benefits
    $5,026
    Filer's total
    $199,854
  • Christopher Navitsky

    LG Waterkeeper

    Total calculated
    $182,712
    From this org
    $154,838
    From related orgs
    $0
    Other
    $27,874
    Hours/week
    41

    Schedule J breakdown matched by us

    Base
    $146,794
    Bonus
    $8,044
    Other
    not reported
    Deferred
    $7,587
    Nontaxable benefits
    $20,287
    Filer's total
    $182,712
  • Tyra MacGuffie

    Dir of Development

    Total calculated
    $163,255
    From this org
    $131,268
    From related orgs
    $0
    Other
    $31,987
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,892
    Bonus
    $3,376
    Other
    not reported
    Deferred
    $6,657
    Nontaxable benefits
    $25,330
    Filer's total
    $163,255
  • Monika LaPlante

    Managing Prgm Dir

    Total calculated
    $118,780
    From this org
    $103,715
    From related orgs
    $0
    Other
    $15,065
    Hours/week
    40
  • Diane Potter

    Dir of Fin & Admin

    Total calculated
    $107,851
    From this org
    $102,728
    From related orgs
    $0
    Other
    $5,123
    Hours/week
    40
  • Brendan Wiltse PhD

    Executive Dir.

    Total calculated
    $24,231
    From this org
    $24,231
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Jeffrey Lape

    Director

    Total calculated
    $0
    Hours/week
    1
  • James Siplon

    Director

    Total calculated
    $0
    Hours/week
    1
  • James N Casaccio

    Director

    Total calculated
    $0
    Hours/week
    1
  • Charles Crew

    Director

    Total calculated
    $0
    Hours/week
    1
  • Geoff W Cook

    Director

    Total calculated
    $0
    Hours/week
    1
  • Ginger Henry Kuenzel

    Director

    Total calculated
    $0
    Hours/week
    1
  • Mary Caravella

    Director

    Total calculated
    $0
    Hours/week
    1
  • Sally A Thurston

    Secretary

    Total calculated
    $0
    Hours/week
    1
  • Peter Menzies

    Director

    Total calculated
    $0
    Hours/week
    1
  • Keith E Ferguson

    Director

    Total calculated
    $0
    Hours/week
    1
  • Dennis J O'Connor Esq

    Director

    Total calculated
    $0
    Hours/week
    1
  • Bob Bailey

    Director

    Total calculated
    $0
    Hours/week
    1
  • Kenneth B Parlin

    Director

    Total calculated
    $0
    Hours/week
    1
  • Lucinda H Bhavsar

    Director

    Total calculated
    $0
    Hours/week
    1
  • William Creighton

    Treasurer

    Total calculated
    $0
    Hours/week
    1
  • George R Hearst

    Director

    Total calculated
    $0
    Hours/week
    1
  • Blair L Keller

    Director

    Total calculated
    $0
    Hours/week
    1
  • John E Kelly III

    Chair

    Total calculated
    $0
    Hours/week
    1
  • George S Morris

    Director

    Total calculated
    $0
    Hours/week
    1
  • Linda Schadler Feist

    Director

    Total calculated
    $0
    Hours/week
    1
  • Thomas West

    Vice Chair

    Total calculated
    $0
    Hours/week
    1
  • I Robert Wolgin

    Director

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part III, Additional Information
Eric Siy (President) received severance payments totaling $199,854 during 2024.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • The Jefferson Project

  • Lake George Park Commission

    $79,000

    Boat inspection program

  • Town of Lake George

    $15,000

    Salt Brine Grant

Provenance

Return type
form_990
Tax year
2024
Filed
9 July 2025
IRS schema version
2024v5.2
Source object
202501909349301410

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