Civic Intelligence

Veterans Memorial Association of Saranac Lake Inc

990EZ • Fiscal year 2018 • EIN 15-0510018

Apr 01, 2017 to Mar 31, 2018 • Filed on Feb 05, 2019

202 BroadwaySaranac Lake, NY 12983

(518) 891-3685

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

59th percentile

0.01x

Higher debt load relative to assets than 59% of similar nonprofits.

2018 filings • 501(c)19 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

61st percentile

0.01x

Higher debt load relative to revenue than 61% of similar nonprofits.

2018 filings • 501(c)19 • <$500k nonprofits • Source year 2018

Net Margin

20th percentile

-14%

Higher net margin than 20% of similar nonprofits.

2018 filings • 501(c)19 • <$500k nonprofits • Source year 2018

Top Officer Pay

96th percentile

$5,100

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 5.2% of source-year revenue.

2018 filings • 501(c)19 • <$500k nonprofits • Source year 2018

Asset Growth

12th percentile

-16%

Faster asset growth than 12% of similar nonprofits.

2018 filings • 501(c)19 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

55th percentile

2.7%

Faster revenue growth than 55% of similar nonprofits.

2018 filings • 501(c)19 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$184,710

Down $34,374 (-16%) from 2017

Net Assets

$183,293

No earlier filing loaded for comparison.

Liabilities

Up

$1,417

Up $1,417 from 2017

Revenue

Up

$97,203

Up $2,543 (+2.7%) from 2017

Expenses

Up

$111,287

Up $3,236 (+3.0%) from 2017

Net Income

Down

-$14,084

Down $693 (-5.2%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0Assets 2010: $218,183Liabilities 2010: $1,5372010Assets 2011: $227,067Liabilities 2011: $1,369Net Assets 2011: $225,6982011Assets 2012: $213,699Liabilities 2012: $1,353Net Assets 2012: $212,3462012Assets 2013: $212,946Liabilities 2013: $1,464Net Assets 2013: $211,4822013Assets 2014: $218,445Liabilities 2014: $2,042Net Assets 2014: $216,4032014Assets 2015: $216,752Liabilities 2015: $02015Assets 2016: $232,965Liabilities 2016: $02016Assets 2017: $219,084Liabilities 2017: $02017Assets 2018: $184,710Liabilities 2018: $1,417Net Assets 2018: $183,2932018Assets 2019: $209,607Liabilities 2019: $1,358Net Assets 2019: $208,2492019Assets 2020: $180,318Liabilities 2020: $1,375Net Assets 2020: $178,9432020Assets 2021: $197,953Liabilities 2021: $1,891Net Assets 2021: $196,0622021Assets 2022: $168,115Liabilities 2022: $1,769Net Assets 2022: $166,3462022Assets 2023: $132,323Liabilities 2023: $1,420Net Assets 2023: $130,9032023Assets 2024: $129,351Liabilities 2024: $3,298Net Assets 2024: $126,0532024Assets 2025: $106,839Liabilities 2025: $7,555Net Assets 2025: $99,2842025

Highlighted filing

2018

Assets$184,710
Liabilities$1,417
Net Assets$183,293

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150K$100K$50K$0-$50KRevenue 2010: $128,570Expenses 2010: $92,935Net Income 2010: $35,6352010Revenue 2011: $102,161Expenses 2011: $93,109Net Income 2011: $9,0522011Revenue 2012: $88,849Expenses 2012: $102,201Net Income 2012: -$13,3522012Revenue 2013: $90,977Expenses 2013: $91,841Net Income 2013: -$8642013Revenue 2014: $99,021Expenses 2014: $94,100Net Income 2014: $4,9212014Revenue 2015: $81,240Expenses 2015: $81,929Net Income 2015: -$6892015Revenue 2016: $118,147Expenses 2016: $101,932Net Income 2016: $16,2152016Revenue 2017: $94,660Expenses 2017: $108,051Net Income 2017: -$13,3912017Revenue 2018: $97,203Expenses 2018: $111,287Net Income 2018: -$14,0842018Revenue 2019: $122,380Expenses 2019: $97,424Net Income 2019: $24,9562019Revenue 2020: $94,107Expenses 2020: $108,175Net Income 2020: -$14,0682020Revenue 2021: $94,154Expenses 2021: $77,035Net Income 2021: $17,1192021Revenue 2022: $64,881Expenses 2022: $94,597Net Income 2022: -$29,7162022Revenue 2023: $75,196Expenses 2023: $101,270Net Income 2023: -$26,0742023Revenue 2024: $95,849Expenses 2024: $111,660Net Income 2024: -$15,8112024Revenue 2025: $101,225Expenses 2025: $127,303Net Income 2025: -$26,0782025

Highlighted filing

2018

Revenue$97,203
Expenses$111,287
Net Income-$14,084
Jump To
Filing Snapshot
Filing Period
Apr 1, 2017 to Mar 31, 2018
Signed
Feb 5, 2019
Return Version
2017v2.3
Gross Receipts
$170,368
Mission and Program Overview

Mission

Benefits veterans and local community.

Program Services

DescriptionGrantsExpenses
THE ORGANIZATION WAS CREATED TO PROVIDE SUPPORT AND ASSISTANCE TO VETERANS AND THEIR FAMILIES, AND FOR THE SOCIAL AND ECONOMIC BENEFIT OF THE LOCAL COMMUNITY. THE ORGANIZATION ALSO PROVIDES COLLEGE SCHOLARSHIPS FOR STUDENTS IN THE COMMUNITY.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JAMES CLARKTreasurerPT$5,100-$5,100
TIMOTHY LOFTUSSecretaryPT$3,575-$3,575
PATRICK REDMANPresident-$0--
WILBER LYONVice President-$0--
JOHN BROCKWAYDirector-$0--
THOMAS JACOBSDirector-$0--
HAROLD MAHONEYDirector-$0--
WES MCLAUGHLINDirector-$0--
ERIC OLSONDirector-$0--
MICHAEL LYONDirector-$0--
JEFF TAYLORDirector-$0--
SCOTT GREGWAREDirector-$0--
Filing and Contact Details

Filer

Filer Name
Veterans Memorial Assocation
EIN
15-0510018
Phone
5188913685
Address
202 BROADWAY, SARANAC LAKE, NY 12983

Signing Officer

Name
Patrick Redman
Title
President
Phone
5188913685
Signed
2019-02-05
Discuss with paid preparer
Yes

Preparer

Firm
Raymond J Martin CPA Pc
Address
PO BOX 1110 39 LAKE ST, TUPPER LAKE, NY 12986
Phone
5183592955
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

Description: investment income. Amount: 4,362.

Form 990-ez, Part I, Line 7 - Sales of Inventory

Income: gross receipts: 112,925. Returns and allowances: 0. Less cost of goods sold: 56,528. Gross profit: 56,397. Cost of goods sold: inventory at beginning of year: 9,239. Merchandise purchased: 52,320. Cost of labor: 0. Materials and supplies: 0. Other costs: 0. Inventory at end of year: 5,031. Cost of goods sold: 56,528.

Form 990-ez, Part I, Line 8 - Other Revenue

Description: quick draw income. Amount: 7,292. Description: use of facility income. Amount: 50. Total to form 990-ez, line 8: 7,342.

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: scholarships. Grantee name: saranac lake high school. Date of gift: 05/11/17. Amount given: 1,500.

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: donations. Grantee name: various. Date of gift: various. Amount given: 3,585. Total included on form 990-ez, line 10: 5,085.

Form 990-ez, Part I, Line 14

Description: depreciation. Amount: 5,113. Description: other expenses. Amount: 32,059. Total to form 990-ez, line 14: 37,172.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: advertising. Amount: 203. Description: bank service charges. Amount: 6. Description: cleaning & laundry. Amount: 95. Description: equipment rental. Amount: 416. Description: in house activities. Amount: 2,918. Description: licenses & permits. Amount: 1,590. Description: miscellaneous. Amount: 437. Description: nys racing & wagering board. Amount: 1,858. Description: office supplies. Amount: 406. Description: payroll taxes. Amount: 5,040. Description: supplies. Amount: 3,011. Total to form 990-ez, line 16: 15,980.

Form 990-ez, Part II, Line 24 - Other Assets

Description: inventory. Beg. Of year amount: 9,239. End of year amount: 5,031. Description: prior period adjustment. Beg. Of year amount: 916. End of year amount: 0. Description: other depreciable assets. Beg. Of year amount: 33,872. End of year amount: 30,223.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: payroll liabilities. Beg. Of year amount: 1,553. End of year amount: 1,417.

Raw XML Appendix219 raw XML fields

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

Path#Value
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0PATRICK REDMAN
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2JAMES CLARK
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm11SCOTT GREGWARE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt9DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt10DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt11DIRECTOR
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IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0BENEFITS VETERANS AND LOCAL COMMUNITY.
IRS990EZ/PrintingPublicationsPostageAmt0507
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE ORGANIZATION WAS CREATED TO PROVIDE SUPPORT AND ASSISTANCE TO VETERANS AND THEIR FAMILIES, AND FOR THE SOCIAL AND ECONOMIC BENEFIT OF THE LOCAL COMMUNITY. THE ORGANIZATION ALSO PROVIDES COLLEGE SCHOLARSHIPS FOR STUDENTS IN THE COMMUNITY.
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IRS990ScheduleG/GamingManagerServicesProvTxt0VERIFY DAILY CONTROL REPORT, COMPLETE SCHEDULE A, SUBMIT QUARTERLY REPORTS
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INVESTMENT INCOME. AMOUNT: 4,362.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1INCOME: GROSS RECEIPTS: 112,925. RETURNS AND ALLOWANCES: 0. LESS COST OF GOODS SOLD: 56,528. GROSS PROFIT: 56,397. COST OF GOODS SOLD: INVENTORY AT BEGINNING OF YEAR: 9,239. MERCHANDISE PURCHASED: 52,320. COST OF LABOR: 0. MATERIALS AND SUPPLIES: 0. OTHER COSTS: 0. INVENTORY AT END OF YEAR: 5,031. COST OF GOODS SOLD: 56,528.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: QUICK DRAW INCOME. AMOUNT: 7,292. DESCRIPTION: USE OF FACILITY INCOME. AMOUNT: 50. TOTAL TO FORM 990-EZ, LINE 8: 7,342.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACTIVITY CLASSIFICATION: SCHOLARSHIPS. GRANTEE NAME: SARANAC LAKE HIGH SCHOOL. DATE OF GIFT: 05/11/17. AMOUNT GIVEN: 1,500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ACTIVITY CLASSIFICATION: DONATIONS. GRANTEE NAME: VARIOUS. DATE OF GIFT: VARIOUS. AMOUNT GIVEN: 3,585. TOTAL INCLUDED ON FORM 990-EZ, LINE 10: 5,085.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DESCRIPTION: DEPRECIATION. AMOUNT: 5,113. DESCRIPTION: OTHER EXPENSES. AMOUNT: 32,059. TOTAL TO FORM 990-EZ, LINE 14: 37,172.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DESCRIPTION: ADVERTISING. AMOUNT: 203. DESCRIPTION: BANK SERVICE CHARGES. AMOUNT: 6. DESCRIPTION: CLEANING & LAUNDRY. AMOUNT: 95. DESCRIPTION: EQUIPMENT RENTAL. AMOUNT: 416. DESCRIPTION: IN HOUSE ACTIVITIES. AMOUNT: 2,918. DESCRIPTION: LICENSES & PERMITS. AMOUNT: 1,590. DESCRIPTION: MISCELLANEOUS. AMOUNT: 437. DESCRIPTION: NYS RACING & WAGERING BOARD. AMOUNT: 1,858. DESCRIPTION: OFFICE SUPPLIES. AMOUNT: 406. DESCRIPTION: PAYROLL TAXES. AMOUNT: 5,040. DESCRIPTION: SUPPLIES. AMOUNT: 3,011. TOTAL TO FORM 990-EZ, LINE 16: 15,980.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DESCRIPTION: INVENTORY. BEG. OF YEAR AMOUNT: 9,239. END OF YEAR AMOUNT: 5,031. DESCRIPTION: PRIOR PERIOD ADJUSTMENT. BEG. OF YEAR AMOUNT: 916. END OF YEAR AMOUNT: 0. DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 33,872. END OF YEAR AMOUNT: 30,223.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8DESCRIPTION: PAYROLL LIABILITIES. BEG. OF YEAR AMOUNT: 1,553. END OF YEAR AMOUNT: 1,417.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 7 - SALES OF INVENTORY
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART I, LINE 14
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0PATRICK REDMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05188913685
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-02-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VETERANS MEMORIAL ASSOCATION
ReturnHeader/Filer/BusinessNameControlTxt0VETE
ReturnHeader/Filer/EIN0150510018
ReturnHeader/Filer/PhoneNum05188913685
ReturnHeader/Filer/USAddress/AddressLine1Txt0202 BROADWAY
ReturnHeader/Filer/USAddress/CityNm0SARANAC LAKE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd012983
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0BA0F16918B8D33211354616DECF7E1DA42356147
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId04A7895B5C226C3EFD611C76C686E547951214447
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.59.232.126
ReturnHeader/FilingSecurityInformation/IPDt02019-02-05
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm008:30:08
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0208804335
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RAYMOND J MARTIN CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 1110 39 LAKE ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TUPPER LAKE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd012986
ReturnHeader/PreparerPersonGrp/PhoneNum05183592955
ReturnHeader/ReturnTs02019-02-05T07:32:34-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-04-01
ReturnHeader/TaxPeriodEndDt02018-03-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.07$0.08$0.99$1.01$1.27$0.26
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.29$0.03$1.26$0.96$1.12$0.16
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.32$0.01$1.31$0.75$1.01$0.26
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.68$0.02$1.66$0.65$0.95$0.30
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.98$0.02$1.96$0.94$0.77$0.17
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.80$0.01$1.79$0.94$1.08$0.14
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.10$0.01$2.08$1.22$0.97$0.25
2018Detailed filing. Detailed filing data is available for this year.$1.85$0.01$1.83$0.97$1.11$0.14
2017Summary only. Only limited summary data is available for this year.$2.19$0.00$0.95$1.08$0.13
2016Summary only. Only limited summary data is available for this year.$2.33$0.00$1.18$1.02$0.16
2015Summary only. Only limited summary data is available for this year.$2.17$0.00$0.81$0.82$0.01
2014Detailed filing. Detailed filing data is available for this year.$2.18$0.02$2.16$0.99$0.94$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.13$0.01$2.11$0.91$0.92$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.14$0.01$2.12$0.89$1.02$0.13
2011XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.27$0.01$2.26$1.02$0.93$0.09
2010Summary only. Only limited summary data is available for this year.$2.18$0.02$1.29$0.93$0.36
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2018 filings • 501(c)19 • <$500k nonprofits