Skaneateles Lake Association Inc
- Assets
- $1.1m
- Revenue
- $644.4k
- Investments
- $766.1k
- Employees
- 21
- Location
- Skaneateles, NY
- Founding
- 02/1970
- Data as of
- 12/2021
- EIN
- 23-7045486
Organization Overview
Skaneateles Lake Association Inc is located in Skaneateles, NY. The organization was established in 1970. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Skaneateles Lake Association Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Skaneateles Lake Association 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 12/2021, Skaneateles Lake Association Inc generated $644.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.6% each year . All expenses for the organization totaled $489.2k during the year ending 12/2021. While expenses have increased by 14.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PROMOTE PROTECTION OF THE WATER QUALITY OF SKANEATELES LAKE AND ENVIRONMENTALLY SOUND REGIONAL MANAGEMENT OF ITS WATERSHED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTED A LAKE-WIDE MILFOIL ERADICATION/MANAGEMENT PROGRAM, CONDUCTED A STEWARD PROGRAM AT VARIOUS LAKE LAUNCH SITES TO CHECK BOATS FOR INVASIVE SPECIES UPON ENTERING AND LEAVING THE LAKE, AND ENGAGED IN COMMUNITY-WIDE EDUCATION ON THE BEST MANAGEMENT PRACTICES FOR LAND USE IN ORDER TO CONTROL NUTRIENT LOADING INTO THE LAKE AND SOIL EROSION AROUND THE LAKE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank H Moses Executive Director | Officer | 40 | $67,385 |
Paul F Torrisi MD President | OfficerTrustee | 5 | $0 |
Buzz Roberts MD Vice President | OfficerTrustee | 5 | $0 |
Richard D Hole ESQ Treasurer | OfficerTrustee | 5 | $0 |
Joseph E Grasso Milr Secretary | OfficerTrustee | 5 | $0 |
Jed Delmonico Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $30,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $613,611 |
| Noncash contributions included in lines 1a–1f | $12,686 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $643,611 |
| Total Program Service Revenue | $0 |
| Investment income | $678 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $76 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $644,365 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $67,386 |
| Compensation of current officers, directors, key employees. | $5,391 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $57,121 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,019 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,436 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $154,598 |
| Advertising and promotion | $0 |
| Office expenses | $2,595 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,450 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $679 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,763 |
| Insurance | $8,140 |
| All other expenses | $1,161 |
| Total functional expenses | $489,164 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $327,962 |
| 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 | $23,049 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $766,058 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,117,069 |
| Accounts payable and accrued expenses | $42 |
| Grants payable | $0 |
| Deferred revenue | $100 |
| 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 | $142 |
| Net assets without donor restrictions | $1,101,153 |
| Net assets with donor restrictions | $15,774 |
| 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 | $1,117,069 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Skaneateles Lake Association Inc has recieved totaling $72,229.
| Awarding Organization | Amount |
|---|---|
Central New York Community Foundation Inc Syracuse, NY PURPOSE: GENERAL SUPPORT: CAPITAL SUPPORT | $30,600 |
American Gift Fund Wilmington, DE PURPOSE: OPERATIONS | $10,000 |
Dwight W Winkelman Foundation Inc Skaneateles, NY PURPOSE: GENERAL | $8,000 |
Fletcher Foundation Inc Skaneateles, NY PURPOSE: OPERATING FUND | $6,000 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: SUPPORT OF ENVIRONMENTAL PROGRAMS | $6,000 |
Bruce A And Linda H Kenanfoundation Boca Grande, FL PURPOSE: CHARITABLE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Urban Affairs Coalition Philadelphia, PA | $25,704,306 | $97,554,481 |
Brooklyn Navy Yard Development Corporation Brooklyn, NY | $543,633,704 | $68,378,369 |
Cent For Urban Community Svcs New York, NY | $78,734,129 | $72,768,234 |
The Community Preservation Corporation New York, NY | $1,407,109,282 | $65,839,600 |
Quincy Community Action Programs Inc Quincy, MA | $14,865,186 | $43,148,267 |
Westchester Community Opportunity Program Inc Elmsford, NY | $7,932,264 | $37,716,573 |
Reinvestment Fund Inc Philadelphia, PA | $609,259,384 | $44,624,452 |
St Nicks Alliance Corp Brooklyn, NY | $44,353,994 | $35,596,992 |
National Council For Community Development Inc Brooklyn, NY | $24,193,687 | $38,165,020 |
The Community Action Organization Of Western New York Inc Buffalo, NY | $11,956,609 | $31,001,421 |
Community Action Pioneer Valley Inc Greenfield, MA | $7,969,732 | $29,838,934 |
Citizens For Citizens Inc Fall River, MA | $12,279,316 | $29,399,731 |