Civic Intelligence

The Lake George Association Inc

EIN 14-6000565 • 501(c)3 • Lake George, NY

Profile

Working together to protect, conserve, and improve the beauty and quality of the Lake George Basin.

PO Box 408Lake George, NY 12845

www.lakegeorgeassociation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

32nd percentile

0.01x

Higher debt load relative to assets than 32% of similar nonprofits.

NTEE A • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

33rd percentile

0.07x

Higher debt load relative to revenue than 33% of similar nonprofits.

NTEE A • $10M-$25M nonprofits • Source year 2024

Net Margin

69th percentile

23%

Higher net margin than 69% of similar nonprofits.

NTEE A • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

57th percentile

$199,854

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 4.5% of source-year revenue.

NTEE A • $10M-$25M nonprofits • Source year 2024

Asset Growth

71st percentile

10%

Faster asset growth than 71% of similar nonprofits.

NTEE A • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

55th percentile

17%

Faster revenue growth than 55% of similar nonprofits.

NTEE A • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$22,449,705

Up $2,118,697 (+10%) from 2023

Liabilities

Down

$314,341

Down $235,922 (-43%) from 2023

Net Assets

Up

$22,135,364

Up $2,354,619 (+12%) from 2023

Revenue

Up

$4,412,888

Up $633,064 (+17%) from 2023

Expenses

Down

$3,405,200

Down $243,189 (-6.7%) from 2023

Net Income

Up

$1,007,688

Up $876,253 (+667%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2011: $3,898,207Liabilities 2011: $369,983Net Assets 2011: $3,528,2242011Assets 2012: $3,838,350Liabilities 2012: $264,838Net Assets 2012: $3,573,5122012Assets 2013: $4,251,697Liabilities 2013: $200,631Net Assets 2013: $4,051,0662013Assets 2014: $4,542,441Liabilities 2014: $176,498Net Assets 2014: $4,365,9432014Assets 2015: $4,640,370Liabilities 2015: $199,743Net Assets 2015: $4,440,6272015Assets 2016: $4,815,777Liabilities 2016: $51,859Net Assets 2016: $4,763,9182016Assets 2017: $5,173,004Liabilities 2017: $49,109Net Assets 2017: $5,123,8952017Assets 2018: $5,295,124Liabilities 2018: $72,317Net Assets 2018: $5,222,8072018Assets 2019: $5,990,341Liabilities 2019: $49,708Net Assets 2019: $5,940,6332019Assets 2020: $6,652,176Liabilities 2020: $78,767Net Assets 2020: $6,573,4092020Assets 2021: $20,500,954Liabilities 2021: $127,012Net Assets 2021: $20,373,9422021Assets 2022: $17,913,588Liabilities 2022: $151,699Net Assets 2022: $17,761,8892022Assets 2023: $20,331,008Liabilities 2023: $550,263Net Assets 2023: $19,780,7452023Assets 2024: $22,449,705Liabilities 2024: $314,341Net Assets 2024: $22,135,3642024

Highlighted filing

2024

Assets$22,449,705
Liabilities$314,341
Net Assets$22,135,364

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $1,551,1772011Revenue 2012: $1,473,502Expenses 2012: $1,497,182Net Income 2012: -$23,6802012Revenue 2013: $1,450,776Expenses 2013: $989,145Net Income 2013: $461,6312013Revenue 2014: $1,233,588Expenses 2014: $884,163Net Income 2014: $349,4252014Revenue 2015: $1,287,236Expenses 2015: $984,797Net Income 2015: $302,4392015Revenue 2016: $1,323,260Expenses 2016: $1,090,198Net Income 2016: $233,0622016Revenue 2017: $1,131,840Expenses 2017: $1,058,995Net Income 2017: $72,8452017Revenue 2018: $1,587,958Expenses 2018: $1,050,227Net Income 2018: $537,7312018Revenue 2019: $1,589,098Expenses 2019: $1,387,306Net Income 2019: $201,7922019Revenue 2020: $1,460,267Expenses 2020: $1,240,134Net Income 2020: $220,1332020Revenue 2021: $6,877,319Expenses 2021: $2,284,831Net Income 2021: $4,592,4882021Revenue 2022: $3,614,823Expenses 2022: $3,326,216Net Income 2022: $288,6072022Revenue 2023: $3,779,824Expenses 2023: $3,648,389Net Income 2023: $131,4352023Revenue 2024: $4,412,888Expenses 2024: $3,405,200Net Income 2024: $1,007,6882024

Highlighted filing

2024

Revenue$4,412,888
Expenses$3,405,200
Net Income$1,007,688

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.4$0.31$22.1$4.41$3.41$1.01
2023Summary only. Only limited summary data is available for this year.$20.3$0.55$19.8$3.78$3.65$0.13
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.9$0.15$17.8$3.61$3.33$0.29
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.5$0.13$20.4$6.88$2.28$4.59
2020Summary only. Only limited summary data is available for this year.$6.65$0.08$6.57$1.46$1.24$0.22
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.99$0.05$5.94$1.59$1.39$0.20
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.30$0.07$5.22$1.59$1.05$0.54
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.17$0.05$5.12$1.13$1.06$0.07
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.82$0.05$4.76$1.32$1.09$0.23
2015Detailed filing. Detailed filing data is available for this year.$4.64$0.20$4.44$1.29$0.98$0.30
2014Detailed filing. Detailed filing data is available for this year.$4.54$0.18$4.37$1.23$0.88$0.35
2013Detailed filing. Detailed filing data is available for this year.$4.25$0.20$4.05$1.45$0.99$0.46
2012Summary only. Only limited summary data is available for this year.$3.84$0.26$3.57$1.47$1.50$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.90$0.37$3.53$1.55
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 16, 2025
Return Version
2024v5.2
Gross Receipts
$5,215,328
Mission and Program Overview

Mission

Working together to protect, conserve, and improve the beauty and quality of the Lake George Basin.

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$16,423,476$19,094,457▲ $2,670,981
Pledges and Grants Receivable$872,341$708,362▼ $163,979
Land, Buildings, and Equipment, Net$613,377$579,055▼ $34,322
Savings and Temporary Cash Investments$777,143$372,325▼ $404,818
Accounts Receivable$155,550$214,193▲ $58,643
Prepaid Expenses and Deferred Charges$21,790$23,047▲ $1,257
Inventories for Sale or Use$5,292$0▼ $5,292
Cash and Non-Interest-Bearing Accounts$250$250→ $0
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Total Assets$20,331,008$22,449,705▲ $2,118,697
Other Assets Total$1,461,789$1,458,016▼ $3,773
Liabilities
Accounts Payable and Accrued Expenses$310,881$210,106▼ $100,775
Other Liabilities$239,382$104,235▼ $135,147
Total Liabilities$550,263$314,341▼ $235,922
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$19,773,499$22,103,118▲ $2,329,619
Net Assets With Donor Restrictions$7,246$32,246▲ $25,000
Total Net Assets Fund Balance$19,780,745$22,135,364▲ $2,354,619
Total Liabilities and Net Assets / Fund Balance$20,331,008$22,449,705▲ $2,118,697

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$382,525$272,186$654,711
Equipment$84,950$405,623$490,573
Other Land Buildings$34,563$56,340$90,903
Land$63,182-$63,182
Leasehold Improvements$13,835$20,718$34,553
Other Assets Org$6,188--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Eric SiyFormer President-$127,892$15,059$199,854
Christopher NavitskyLG WaterkeeperFT$146,794$230,746$182,712
Tyra MacGuffieDirector of DevelopmentFT$131,268$25,330$163,255
Monika LaPlanteManaging Prgm DirectorFT$103,715$15,065$118,780
Diane PotterDirector of Fin & AdminFT$102,728$5,123$107,851
Brendan Wiltse PhDExecutive DirectorFT$24,231-$24,231

Highest Paid Contractors

ContractorServicesLocationCompensation
AE Commercial Diving IncMilfoil Removal ServicesPO Box 417, Manchester Center, VT 05255$131,625
Interim Executive SolutionsExecutive Staffing1188 Beacon St Unit B, Newton, MA 02461$130,879
Behan Communications IncCommunications136 Glen St Floor 2, Glens Falls, NY 12801$105,843
Revenue and Support

Revenue Composition

Contributions and Grants
$3,730,496
Program Service Revenue
$23,845
Investment Income
$695,499
Other Revenue
$-36,952
All Other Contributions
$3,218,549
Change in Net Assets
$1,007,688

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded13$453,083Fair Market Value (FMV)
Other Non Cash Contri Table1$1,153Fair Market Value (FMV)
Total Noncash Contributions14$454,236-

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,412,888
Total Revenue per Audited Statements
$4,412,888
Total Revenue per Form 990
$4,412,888
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,577,068
Salaries, Compensation, and Employee Benefits$1,171,412
Grants and Similar Amounts Paid$656,720
Total Fundraising Expense$391,468
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$503,771$187,950$243,386$935,107
Grants to Domestic Orgs$549,000--$549,000
Fees for Services Legal$218,790$1,658-$220,448
All Other Expenses$90,765$70,568$54,673$216,006
Grants to Domestic Individuals$107,720--$107,720
Advertising$95,983$2,137$8,359$106,479
Other Employee Benefits$55,643$6,367$27,804$89,814
Payroll Taxes$42,199$18,705$20,018$80,922
Other Expenses$39,286$17,831$7,997$65,114
Depreciation Depletion$32,763$21,842-$54,605
Fees for Service Investment Mgmnt Fees-$43,730-$43,730
Insurance$34,503$2,557$1,967$39,027
Fees for Services Accounting-$35,501-$35,501
Pension Plan Contributions$18,745$6,919$9,400$35,064
Current Officers, Directors, Trustees, and Key Employees$18,913$4,881$6,711$30,505
Office Expenses$5,993$3,427$3,105$12,525
Fees for Services Other$1,720$1,158$798$3,676
Total Functional Expenses$2,353,501$660,231$391,468$3,405,200

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,405,200
Total Expenses per Audited Statements$3,405,200
Total Expenses per Form 990$3,405,200
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Rensselaer Polytechnic InstitTroy, NY501(c)(3)The Jefferson Project$450,000
Lake George Park CommissionLake George, NYNys AgencyBoat inspection program$79,000
Town of Lake GeorgeLake George, NYGovernment AgencySalt Brine Grant$15,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$156,195
Fundraising Gross Income$98,420
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Summer Gala$555,845$98,420$71,519$26,901
Total Events$555,845$98,420$156,195$-57,775
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable advance$98,047
Operating Lease Payable$6,188
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Name of Management Company: Interim Execiutive SolutionsInterim Executive Director Services included:1. Supporting the staff and business operations * Maintaining staff engagement and mentoring staff leadership * Ensuring continuity of day-to-day operations * Communicating regularly to the Board2. Conducting an organizational sustainability assessment and identifying opportunities to strengthen the organization * Clarifying the organizational vision and priorities3. Assisting in addressing current litigation and other matters as requested by the Board4. Supporting the Board in the search process * Ensuring effective governance that will set the Board up to support a future Executive Director * Providing input into the search process * Assisting with onboarding the next Executive Director

Form 990, Part VI, Section A, Line 6

Members hold a non-voting status and are renewed upon receipt of an annual donation.

Form 990, Part VI, Section A, Line 9

Eric Siy, Former President39 Jarvis AvenueHolyoke, MA 01040

Form 990, Part VI, Section B, Line 11B

AUDITED FINANCIAL STATEMENTS AND AUDITORS REPORT ARE REVIEWED AND APPROVED BY THE FINANCE COMMITTEE. The FORM 990 is presented to the EXECUTIVE DIRECTOR, Treasurer, and Board of Directors prior to filing.

Form 990, Part VI, Section B, Line 12C

The Secretary annually reviews the signed Conflict of Interest disclosures from each member of the Board of Directors and key employees to ensure that they are current and that the directors are in compliance to the best of their knowledge.

Form 990, Part VI, Section B, Line 15A

The EXECUTIVE DIRECTOR RECEIVES AN EVALUATION FROM THE OFFICERS OF THE BOARD OF DIRECTORS. THIS INCLUDES SALARY ADJUSTMENTS BASED UPON MERIT, COST OF LIVING, AND SALARY RANGE FOR THE POSITION. THE SALARY RANGE IS BASED UPON COMPARABLE POSITIONS AMONG OTHER AREA NONPROFITS, PRIVATE SECTOR, AND GOVERNMENT POSITIONS.

Form 990, Part VI, Section B, Line 15B

All lake george association employees participate in an annual self-evaluation and a formal evaluation by the executive director. This includes salary adjustments based upon merit, cost of living, and salary range for the position. The salary range is based upon comparable positions among other area nonprofits, private sector and government positions.

Form 990, Part VI, Section C, Line 19

Governing documents such as By-Laws, Certificate of Incorporation, Annual Reports, and Form 990 are available upon request from the LGA office or through the NYS Attorney General Charities Bureau.

Filing and Contact Details

Filer

Filer Name
The Lake George Association Inc
EIN
14-6000565
Phone
5186689700
Address
PO Box 408, Lake George, NY 12845

Signing Officer

Name
Bill Creighton
Title
Treasurer
Signed
2025-09-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bill Creighton
Formed
1885
Legal Domicile
Ny
Voting Board Members
22
Independent Board Members
22
Employees
24
Volunteers
209

Preparer

Firm
Whittemore Dowen & Ricciardelli Llp
Address
333 AVIATION RD BLDG B, QUEENSBURY, NY 12804
Preparer
Colin D Combs CPA
Phone
5187920918
Supplemental Narrative

Additional Explanations

Amended Explanation

On the original return Part VIII Statement of Revenue incorrectly reported Government Grants of $54,522 on line f. This amended return deducts the Government Grants of $54,522 from line f and reports the amount on line e Government grants (contributions)

Financial Statement Notes

Part II, Line 9: Organization Reporting of conservation easements.

LAND HELD FOR CONSERVATION REPRESENTS TWO-THIRDs INTEREST IN THE WEST BROOK EASEMENT PLUS ATTORNEY FEES RELATED TO THE PURCHASE.

Part X : FIN48 Footnote

In accordance with generally accepted accounting principles, the Association accounts for uncertainty in income taxes by recognizing tax positions in the financial statements when it is more-likely-than-not the positions will be sustained upon examination by tax authorities. As of December 31, 2024, the Association believes that it has appropriate support for the income tax positions taken on its tax returns and, therefore, believes that it has no uncertain tax positions that would have a material impact on the financial statements. As of December 31, 2024, the tax years that remain subject to examination by taxing authorities begin with 2021.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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