Lake George Rotary Club Foundation Inc is located in Lake George, NY. The organization was established in 2011. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake George Rotary Club Foundation 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 06/2019, Lake George Rotary Club Foundation Inc generated $19.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $20.3k during the year ending 06/2019. As we would expect to see with falling revenues, expenses have declined by (7.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3
TO USE FUNDS RECEIVED TO PROMOTE SOCIAL WELFARE, COMMUNITY SERVICE AND WELL BEING THROUGH DONATIONS AND SCHOLARSHIPS.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tammy Heckenbert Vice President | 3 | $0 | |
Nancy Jefts Secretary | 3 | $0 | |
Sherm Parker Director | 2 | $0 | |
John Crawford Director | 2 | $0 | |
Amanda Cedrone Director | 2 | $0 | |
Helen Tobias Treasurer | 3 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,397 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $17,562 |
| Other Revenue | $0 |
| Total Revenue | $18,959 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $530 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $12,080 |
| Total expenses | $20,290 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $19,032 |
| Other assets | $0 |
| Total assets | $19,032 |
| Total liabilities | $0 |
| Net assets or fund balances | $19,032 |