Civic Intelligence

Lp-Ec Quality Destination Inc.

990 • Fiscal year 2015 • EIN 20-4915538

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 09, 2016

Organization ProfileN/A
2608 Main StreetLake Placid, NY 12946

(518) 523-2445

Siviq Scores

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

Liabilities / Assets

91st percentile

0.72x

Higher debt load relative to assets than 91% of similar nonprofits.

2015 filings • NTEE S • <$500k nonprofits • Source year 2015

Liabilities / Revenue

86th percentile

0.25x

Higher debt load relative to revenue than 86% of similar nonprofits.

2015 filings • NTEE S • <$500k nonprofits • Source year 2015

Net Margin

32nd percentile

-3.3%

Higher net margin than 32% of similar nonprofits.

2015 filings • NTEE S • <$500k nonprofits • Source year 2015

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • NTEE S • <$500k nonprofits • Source year 2015

Asset Growth

63rd percentile

12%

Faster asset growth than 63% of similar nonprofits.

2015 filings • NTEE S • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

36th percentile

-6.5%

Faster revenue growth than 36% of similar nonprofits.

2015 filings • NTEE S • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets91st percentile

Assets

Up

$64,210

Up $6,655 (+12%) from 2014

Net Assets

Down

$18,241

Down $10,954 (-38%) from 2014

Liabilities

Up

$45,969

Up $17,609 (+62%) from 2014

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin32nd percentile

Revenue

Down

$187,609

Down $13,137 (-6.5%) from 2014

Expenses

Up

$193,863

Up $13,094 (+7.2%) from 2014

Net Income

Down

-$6,254

Down $26,231 (-131%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth63rd percentile

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

$600K$400K$200K$0-$200KAssets 2010: $16,483Liabilities 2010: $5,525Net Assets 2010: $10,9582010Assets 2011: $21,251Liabilities 2011: $0Net Assets 2011: $21,2512011Assets 2012: $22,048Liabilities 2012: $8,800Net Assets 2012: $13,2482012Assets 2013: $38,738Liabilities 2013: $29,520Net Assets 2013: $9,2182013Assets 2014: $57,555Liabilities 2014: $28,360Net Assets 2014: $29,1952014Assets 2015: $64,210Liabilities 2015: $45,969Net Assets 2015: $18,2412015Assets 2016: $247,651Liabilities 2016: $284,189Net Assets 2016: -$36,5382016Assets 2017: $322,491Liabilities 2017: $322,224Net Assets 2017: $2672017Assets 2018: $558,867Liabilities 2018: $578,370Net Assets 2018: -$19,5032018Assets 2019: $552,482Liabilities 2019: $575,276Net Assets 2019: -$22,7942019Assets 2020: $232,408Liabilities 2020: $219,265Net Assets 2020: $13,1432020Assets 2021: $280,296Liabilities 2021: $299,826Net Assets 2021: -$19,5302021Assets 2022: $40,514Liabilities 2022: $63,700Net Assets 2022: -$23,1862022Assets 2023: $27,989Liabilities 2023: $1,561Net Assets 2023: $26,4282023Assets 2024: $21,482Liabilities 2024: $986Net Assets 2024: $20,4962024

Highlighted filing

2015

Assets$64,210
Liabilities$45,969
Net Assets$18,241
Open 2015 Filing

Operations Trend

Revenue Growth36th percentile

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

$1.0M$500K$0-$500KRevenue 2010: $19,985Expenses 2010: $28,162Net Income 2010: -$8,1772010Revenue 2011: $112,704Expenses 2011: $102,411Net Income 2011: $10,2932011Revenue 2012: $86,757Expenses 2012: $94,760Net Income 2012: -$8,0032012Revenue 2013: $239,585Expenses 2013: $243,615Net Income 2013: -$4,0302013Revenue 2014: $200,746Expenses 2014: $180,769Net Income 2014: $19,9772014Revenue 2015: $187,609Expenses 2015: $193,863Net Income 2015: -$6,2542015Revenue 2016: $318,738Expenses 2016: $373,017Net Income 2016: -$54,2792016Revenue 2017: $745,966Expenses 2017: $709,661Net Income 2017: $36,3052017Revenue 2018: $523,188Expenses 2018: $542,908Net Income 2018: -$19,7202018Revenue 2019: $751,746Expenses 2019: $755,037Net Income 2019: -$3,2912019Revenue 2020: $438,202Expenses 2020: $411,265Net Income 2020: $26,9372020Revenue 2021: $17,375Expenses 2021: $49,948Net Income 2021: -$32,5732021Revenue 2022: $154,393Expenses 2022: $158,049Net Income 2022: -$3,6562022Revenue 2023: $74,735Expenses 2023: $25,121Net Income 2023: $49,6142023Revenue 2024: $9,629Expenses 2024: $15,561Net Income 2024: -$5,9322024

Highlighted filing

2015

Revenue$187,609
Expenses$193,863
Net Income-$6,254
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 9, 2016
Return Version
2015v2.1
Gross Receipts
$187,609
Mission and Program Overview

Mission

To promote, educate, foster, and encourage the public's knowledge and understanding of the benefits of quality destinations which will result in economic growth and benefit the townships of essex county, new york.

To promote, educate, foster and encourage the public's knowledge and understanding of the benefits of quality destinations which will result in economic growth and benefit of the townships of Essex County, New York.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$22,855$57,006▲ $34,151
Pledges and Grants Receivable-$6,277-
Prepaid Expenses and Deferred Charges$30,000$927▼ $29,073
Total Assets$52,855$64,210▲ $11,355
Liabilities
Deferred Revenue$28,290$29,775▲ $1,485
Other Liabilities$70$12,352▲ $12,282
Accounts Payable and Accrued Expenses-$3,842-
Total Liabilities$28,360$45,969▲ $17,609
Net Assets / Fund Balance
Unrestricted Net Assets$24,495$18,241▼ $6,254
Total Net Assets Fund Balance$24,495$18,241▼ $6,254
Total Liabilities and Net Assets / Fund Balance$52,855$64,210▲ $11,355
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Michael BeglinChair
Justin SmithPast Chair
James McKennaPresident
Cristina LussiVice Chair
Edward P FinnertyVice-Chair
Robert HockertSecretary
Charles CowanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$8,326
Program Service Revenue
$174,556
Investment Income
$0
Other Revenue
$4,727
All Other Contributions
$2,050
Change in Net Assets
$-6,254

Audited Revenue Reconciliation

Revenue per Audited Statements
$187,609
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$187,609
Total Revenue per Form 990
$187,609
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$184,223
Salaries, Compensation, and Employee Benefits$9,640
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$8,571--$8,571
Fees for Services Other$6,073$50-$6,123
Other Expenses$2,200--$2,200
Payroll Taxes$1,069--$1,069
Total Functional Expenses$193,813$50$0$193,863

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$193,863
Total Expenses per Audited Statements$193,863
Total Expenses per Form 990$193,863
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loan from Affiliate$12,352
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11

“Copies of Form 990 were provided to Board in advance of the filing date.”

Form 990, Part VI, Section C, line 19

“Governing documents are available upon request at the organization's headquarters office at 2608 Main St, Lake Placid, NY 12046”

Filing and Contact Details

Filer

Filer Name
LP-EC Quality Destination Inc
EIN
20-4915538
Phone
5185232445
Address
2608 Main Street, Lake Placid, NY 12946

Signing Officer

Name
James B McKenna
Title
President
Phone
5185232445
Signed
2016-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James B McKenna
Formed
2006
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
1
Volunteers
0

Preparer

Firm
Adirondack Audit Co Inc
Address
30 Academy Street Suite One, Saranac Lake, NY 12983
Preparer
John B Huttlinger Jr
Phone
5188911630
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

“UNCERTAINTY IN INCOME TAXES The organization follows FASB ASC 740-10, Accounting for Uncertainty in Income Taxes, which provides guidance on accounting for uncertainty in income taxes recognized in the organization's financial statements. The guidance prescribes a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return, and also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. As of December 31, 2015, the organization had no uncertain tax positions that require either recognition or disclosure in the organization's financial statements. Generally, the tax years before 2012 are no longer subject to examination by federal and state authorities.”

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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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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt085861
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0109798
IRS990ScheduleA/Total509Grp/TotalAmt0795925
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0173508
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0196116
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0242143
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt086556
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0116064
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0814387
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0193863
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt012352
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Loan from Affiliate
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0187609
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0UNCERTAINTY IN INCOME TAXES The organization follows FASB ASC 740-10, Accounting for Uncertainty in Income Taxes, which provides guidance on accounting for uncertainty in income taxes recognized in the organization's financial statements. The guidance prescribes a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return, and also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. As of December 31, 2015, the organization had no uncertain tax positions that require either recognition or disclosure in the organization's financial statements. Generally, the tax years before 2012 are no longer subject to examination by federal and state authorities.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0193863
IRS990ScheduleD/TotalLiabilityAmt012352
IRS990ScheduleD/TotalRevenuePerForm990Amt0187609
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0187609
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0193863
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Copies of Form 990 were provided to Board in advance of the filing date.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Governing documents are available upon request at the organization's headquarters office at 2608 Main St, Lake Placid, NY 12046
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, line 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Lake Placid Chamber of Commerce Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0141354120
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Tourism Promotion and Business Development
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02608 Main St
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Lake Placid
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd012946
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt052855
IRS990/TotalAssetsEOYAmt064210
IRS990/TotalAssetsGrp/BOYAmt052855
IRS990/TotalAssetsGrp/EOYAmt064210
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt08326
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt050
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0193813
IRS990/TotalFunctionalExpensesGrp/TotalAmt0193863
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt028360
IRS990/TotalLiabilitiesEOYAmt045969
IRS990/TotalLiabilitiesGrp/BOYAmt028360
IRS990/TotalLiabilitiesGrp/EOYAmt045969
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt024495
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt018241
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0193813
IRS990/TotalProgramServiceRevenueAmt0174556
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0179283
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0187609
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt052855
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt064210
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt024495
IRS990/UnrestrictedNetAssetsGrp/EOYAmt018241
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02608 Main St
IRS990/USAddress/CityNm0Lake Placid
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd012946
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0James B McKenna
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum05185232445
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LP-EC Quality Destination Inc
ReturnHeader/Filer/BusinessNameControlTxt0LP-E
ReturnHeader/Filer/EIN0204915538
ReturnHeader/Filer/PhoneNum05185232445
ReturnHeader/Filer/USAddress/AddressLine1Txt02608 Main Street
ReturnHeader/Filer/USAddress/CityNm0Lake Placid
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd012946

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$64,210
Liabilities
$45,969
Net assets
$18,241
Revenue
$187,609
Expenses
$193,863
Net income
-$6,254
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.21$0.01$0.20$0.10$0.16$0.06
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.28$0.02$0.26$0.75$0.25$0.50
2022Detailed filing. Detailed filing data is available for this year.$0.41$0.64$0.23$1.54$1.58$0.04
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.80$3.00$0.20$0.17$0.50$0.33
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.32$2.19$0.13$4.38$4.11$0.27
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.52$5.75$0.23$7.52$7.55$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.59$5.78$0.20$5.23$5.43$0.20
2017Detailed filing. Detailed filing data is available for this year.$3.22$3.22$0.00$7.46$7.10$0.36
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.48$2.84$0.37$3.19$3.73$0.54
2015Detailed filing. Detailed filing data is available for this year.$0.64$0.46$0.18$1.88$1.94$0.06
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.58$0.28$0.29$2.01$1.81$0.20
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.39$0.30$0.09$2.40$2.44$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.22$0.09$0.13$0.87$0.95$0.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.21$0.00$0.21$1.13$1.02$0.10
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.16$0.06$0.11$0.20$0.28$0.08