Civic Intelligence

Lp-Ec Quality Destination Inc.

990 • Fiscal year 2019 • EIN 20-4915538

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 07, 2020

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

94th percentile

1.04x

Higher debt load relative to assets than 94% of similar nonprofits.

2019 filings • NTEE S • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

86th percentile

0.77x

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

2019 filings • NTEE S • $500k-$1M nonprofits • Source year 2019

Net Margin

37th percentile

-0.4%

Higher net margin than 37% of similar nonprofits.

2019 filings • NTEE S • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

94th percentile

$180,560

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 24.0% of source-year revenue.

2019 filings • NTEE S • $500k-$1M nonprofits • Source year 2019

Asset Growth

38th percentile

-1.1%

Faster asset growth than 38% of similar nonprofits.

2019 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

83rd percentile

44%

Faster revenue growth than 83% of similar nonprofits.

2019 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets94th percentile

Assets

Down

$552,482

Down $6,385 (-1.1%) from 2018

Net Assets

Down

-$22,794

Down $3,291 (-17%) from 2018

Liabilities

Down

$575,276

Down $3,094 (-0.5%) from 2018

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin37th percentile

Revenue

Up

$751,746

Up $228,558 (+44%) from 2018

Expenses

Up

$755,037

Up $212,129 (+39%) from 2018

Net Income

Up

-$3,291

Up $16,429 (+83%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth38th 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

2019

Assets$552,482
Liabilities$575,276
Net Assets-$22,794
Open 2019 Filing

Operations Trend

Revenue Growth83rd 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

2019

Revenue$751,746
Expenses$755,037
Net Income-$3,291
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 7, 2020
Return Version
2019v5.1
Gross Receipts
$751,746
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
Pledges and Grants Receivable$37,000$320,500▲ $283,500
Prepaid Expenses and Deferred Charges$128,449$131,350▲ $2,901
Cash and Non-Interest-Bearing Accounts$393,418$100,632▼ $292,786
Total Assets$558,867$552,482▼ $6,385
Liabilities
Mortgage Notes Payable Secured by Investment Property$237,000$237,000→ $0
Deferred Revenue$203,926$213,295▲ $9,369
Other Liabilities$93,506$73,727▼ $19,779
Accounts Payable and Accrued Expenses$43,938$51,254▲ $7,316
Total Liabilities$578,370$575,276▼ $3,094
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-19,503$-22,794▼ $3,291
Total Net Assets Fund Balance$-19,503$-22,794▼ $3,291
Total Liabilities and Net Assets / Fund Balance$558,867$552,482▼ $6,385
Compensation and Service Providers
Top Officer Pay94th percentile

Board Members and Trustees

NameTitle
James McKennaPresident
James LemonsVice President
Jill CardinaleVice President
Andrea HoldereidSecretary
Marc GalvinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$315,000
Program Service Revenue
$436,746
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-3,291

Audited Revenue Reconciliation

Revenue per Audited Statements
$751,746
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$751,746
Total Revenue per Form 990
$751,746
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$755,037
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$11,727--$11,727
Fees for Services Other-$5,907-$5,907
Total Functional Expenses$749,130$5,907$0$755,037

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$755,037
Total Expenses per Audited Statements$755,037
Total Expenses per Form 990$755,037
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$62,000
Accrued Interest on Bridge Loan$11,727
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
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 11B

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

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

“The organization requires annual conflict of interest statements to be submitted by Board in which potential conflicts are disclosed.”

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
Marc Galvin
Title
Treasurer
Phone
5185232445
Signed
2020-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James B McKenna
Formed
2006
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
0
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, 2019, the organization had no uncertain tax positions that require either recognition or disclosure in the organization's financial statements. Generally, the tax years before 2016 are no longer subject to examination by federal and state authorities.”

Raw XML AppendixShowing 400 of 422 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
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt043938
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt051254
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0To 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.
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0James B McKenna
IRS990/BooksInCareOfDetail/PhoneNum05185232445
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02608 Main Street
IRS990/BooksInCareOfDetail/USAddress/CityNm0Lake Placid
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd012946
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0393418
IRS990/CashNonInterestBearingGrp/EOYAmt0100632
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0315000
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0755037
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0436746
IRS990/CYRevenuesLessExpensesAmt0-3291
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0755037
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0751746
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt0203926
IRS990/DeferredRevenueGrp/EOYAmt0213295
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0Sponsorship of historic, cultural, educational and sporting events to educate the public about the unique attributes of Essex County, New York and to encourage travel to the County; We hosted the 2019 International Childrens Winter Games to foster worldwide collaboration via sport and cultural interchange.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0347003
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt05907
IRS990/FeesForServicesOtherGrp/TotalAmt05907
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0James Lemons
IRS990/Form990PartVIISectionAGrp/PersonNm1Jill Cardinale
IRS990/Form990PartVIISectionAGrp/PersonNm2Andrea Holdereid
IRS990/Form990PartVIISectionAGrp/PersonNm3Marc Galvin
IRS990/Form990PartVIISectionAGrp/PersonNm4James McKenna
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt4180560
IRS990/Form990PartVIISectionAGrp/TitleTxt0Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4President
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02006
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GovernmentGrantsAmt0315000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0751746
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt021
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0To 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0237000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0237000
IRS990/NetAssetsOrFundBalancesBOYAmt0-19503
IRS990/NetAssetsOrFundBalancesEOYAmt0-22794
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-19503
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-22794
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Event Expenses: Empire
IRS990/OtherExpensesGrp/Desc1Event Expenses: 2019 In
IRS990/OtherExpensesGrp/Desc2Event Expenses: Other E
IRS990/OtherExpensesGrp/Desc3Interest on Bridge Loan
IRS990/OtherExpensesGrp/ProgramServicesAmt0374428
IRS990/OtherExpensesGrp/ProgramServicesAmt1335276
IRS990/OtherExpensesGrp/ProgramServicesAmt227699
IRS990/OtherExpensesGrp/ProgramServicesAmt311727
IRS990/OtherExpensesGrp/TotalAmt0374428
IRS990/OtherExpensesGrp/TotalAmt1335276
IRS990/OtherExpensesGrp/TotalAmt227699
IRS990/OtherExpensesGrp/TotalAmt311727
IRS990/OtherLiabilitiesGrp/BOYAmt093506
IRS990/OtherLiabilitiesGrp/EOYAmt073727
IRS990/PartialLiquidationInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt037000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0320500
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0128449
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0131350
IRS990/PrincipalOfficerNm0James B McKenna
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0711300
IRS990/ProgramServiceRevenueGrp/Desc0Empire State Winter Ga
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0436746
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0436746
IRS990/ProgSrvcAccomActy2Grp/Desc0Revival of Winter Olympic Brand to educate the public about the history of Olympic Winter Games in Essex County, NY; Revival of Empire State Winter Games for New York State Youth Athletes
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0374428
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0336447
IRS990/ProgSrvcAccomActy3Grp/Desc0Planning and executing sporting events and other uniquely Adirondack activities for the benefit of state-wide tourism officials, economic development officials, and political figures. Such events include the Adirondack Days and the Adirondack Challenge.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt027699
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt011550
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0129569
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0519670
IRS990/PYOtherRevenueAmt0297
IRS990/PYProgramServiceRevenueAmt0393322
IRS990/PYRevenuesLessExpensesAmt0-19720
IRS990/PYSalariesCompEmpBnftPaidAmt023238
IRS990/PYTotalExpensesAmt0542908
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0523188
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-3291
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt088749
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0315000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0120725
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0256103
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0164658
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt019827
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0876313
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0435686
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0402167
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0471762
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0150464
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0148954
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01609033
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01060
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0297
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt02241
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt03616
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt04727
IRS990ScheduleA/OtherIncome509Grp/TotalAmt011941
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99520
IRS990ScheduleA/PublicSupportPY509Pct00.99300
IRS990ScheduleA/PublicSupportTotal509Amt02485346
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0750686
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0522892
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0727865
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0315122
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0168781
IRS990ScheduleA/Total509Grp/TotalAmt02485346
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0751746
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0523189
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0730106
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0318738
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0173508
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02497287
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/ExpensesSubtotalAmt0755037
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt062000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt111727
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Loan from Affiliate
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Accrued Interest on Bridge Loan
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0751746
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, 2019, the organization had no uncertain tax positions that require either recognition or disclosure in the organization's financial statements. Generally, the tax years before 2016 are no longer subject to examination by federal and state authorities.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0755037
IRS990ScheduleD/TotalLiabilityAmt073727
IRS990ScheduleD/TotalRevenuePerForm990Amt0751746
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0751746
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0755037
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0180560
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0James McKenna
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0180560
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Copies of Form 990 were provided to Board in advance of the filing date.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization requires annual conflict of interest statements to be submitted by Board in which potential conflicts are disclosed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Governing 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 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0558867
IRS990/TotalAssetsEOYAmt0552482
IRS990/TotalAssetsGrp/BOYAmt0558867
IRS990/TotalAssetsGrp/EOYAmt0552482
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0315000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt05907
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0749130
IRS990/TotalFunctionalExpensesGrp/TotalAmt0755037
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0578370
IRS990/TotalLiabilitiesEOYAmt0575276
IRS990/TotalLiabilitiesGrp/BOYAmt0578370
IRS990/TotalLiabilitiesGrp/EOYAmt0575276
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-19503
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-22794
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0749130
IRS990/TotalProgramServiceRevenueAmt0436746
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0436746
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0751746
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0558867
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0552482
IRS990/TotReportableCompRltdOrgAmt0180560
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02608 Main St
IRS990/USAddress/CityNm0Lake Placid
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd012946
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Marc Galvin
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum05185232445
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-07
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

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$552,482
Liabilities
$575,276
Net assets
-$22,794
Revenue
$751,746
Expenses
$755,037
Net income
-$3,291
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
2019Detailed filing. Detailed filing data is available for this year.$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