Liabilities / Assets
20th percentile
Higher debt load relative to assets than 20% of similar nonprofits.
EIN 82-2620932 • 501(c)3 • Diamond Point, NY
Profile
To raise funds to provide for the restoration and maintenance of the lake george club historic building.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
20th percentile
Higher debt load relative to assets than 20% of similar nonprofits.
Liabilities / Revenue
24th percentile
Higher debt load relative to revenue than 24% of similar nonprofits.
Net Margin
9th percentile
Higher net margin than 9% of similar nonprofits.
Top Officer Pay
39th percentile
Higher top officer pay than 39% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
52nd percentile
Faster asset growth than 52% of similar nonprofits.
Revenue Growth
3rd percentile
Faster revenue growth than 3% of similar nonprofits.
Assets
Up$1,730,553
Up $58,991 (+3.5%) from 2024
Liabilities
Up$512
Up $437 (+583%) from 2024
Net Assets
Up$1,730,041
Up $58,554 (+3.5%) from 2024
Revenue
Down$103,325
Down $297,741 (-74%) from 2024
Expenses
Up$148,578
Up $83,414 (+128%) from 2024
Net Income
Down-$45,253
Down $381,155 (-113%) from 2024
Most recent year
2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
To raise funds to provide for the restoration and maintenance of the lake george club historic building.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments in Publicly Traded Securities | $1,529,778 | $1,567,244 | ▲ $37,466 |
| Savings and Temporary Cash Investments | $44,202 | $97,590 | ▲ $53,388 |
| Pledges and Grants Receivable | $97,582 | $61,243 | ▼ $36,339 |
| Cash and Non-Interest-Bearing Accounts | - | $4,476 | - |
| Total Assets | $1,671,562 | $1,730,553 | ▲ $58,991 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $75 | $512 | ▲ $437 |
| Total Liabilities | $75 | $512 | ▲ $437 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $1,671,487 | $1,730,041 | ▲ $58,554 |
| Total Net Assets Fund Balance | $1,671,487 | $1,730,041 | ▲ $58,554 |
| Total Liabilities and Net Assets / Fund Balance | $1,671,562 | $1,730,553 | ▲ $58,991 |
| Name | Title |
|---|---|
| Kathleen Grasmeder | President |
| Bob Campbell | Director |
| Carmen Della Bella | Director |
| David Montana | Director |
| Elaine L Lawrence | Director |
| John Cembrook | Director |
| William Ryan | Director |
| Devon Conway | Director - Term End 8/11/24 |
| Barbara Macdowell | Secretary |
| Bob Buhrmaster | Treasurer |
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $101,935 |
| Other Expenses | $46,643 |
| Total Fundraising Expense | $368 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $101,935 | - | - | $101,935 |
| Fees for Services Accounting | - | $13,430 | - | $13,430 |
| Insurance | - | $971 | - | $971 |
| Other Expenses | - | $275 | $368 | $275 |
| Total Functional Expenses | $101,935 | $46,275 | $368 | $148,578 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| The Lake George Club | Diamond Point, NY | 501(c)7 | Restoration and Maintenance of the Lake George Club Historic Building | $101,935 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“The treasurer will review the return before signing and filing it.”
“Each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person has received a copy of the conflicts of interest policy, has read and understands the policy, and agrees to comply with the policy and disclose any conflicts of interest or potential conflicts of interest, if any.”
“The policies of the foundation are available for the public to review through the new york state bureau of charities. Further, the board or the officers will provide access or copies of these documents if requested.”
“The organization is a not-for-profit corporation as described in section 501(c)(3) of the internal revenue code and is exempt from income taxes pursuant to section 501(a) of the code. In addition, the organization qualifies for the charitable contribution deduction under section 170(b)(1)(a) and has been classified as an organization other than a private foundation under section 509(a)(2). Under accounting standards codification (asc) section 740, the tax status of tax-exempt entities is an uncertain tax position, since events could potentially occur that jeopardize tax-exempt status. Management is not aware of any events that could jeopardize the organization's tax-exempt status. Therefore, no liability or provision for income tax has been reflected in the financial statements.”
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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| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 75 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 512 |
| IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | TO RAISE FUNDS TO PROVIDE FOR THE RESTORATION AND MAINTENANCE OF THE LAKE GEORGE CLUB HISTORIC BUILDING. |
| IRS990/AllOtherContributionsAmt | 0 | 61956 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
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| IRS990/BooksInCareOfDetail/PersonNm | 0 | BOB BUHRMASTER |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 5182229787 |
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| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 34110 |
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| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 4476 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
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| IRS990/CollectionsOfArtInd | 0 | 0 |
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| IRS990/CYRevenuesLessExpensesAmt | 0 | -45253 |
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| IRS990/CYTotalExpensesAmt | 0 | 148578 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 368 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 103325 |
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| IRS990/Desc | 0 | TO RAISE FUNDS TO PROVIDE FOR THE RESTORATION AND MAINTENANCE OF THE LAKE GEORGE CLUB HISTORIC BUILDING. |
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| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 101935 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
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| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 13430 |
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| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 1.00 |
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| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
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| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
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| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | SECRETARY |
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| IRS990/FormationYr | 0 | 2017 |
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| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 47367 |
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| IRS990/PYTotalRevenueAmt | 0 | 401066 |
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| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.71220 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 1006060 |
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| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 256722 |
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| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
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| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | THE ORGANIZATION IS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE. IN ADDITION, THE ORGANIZATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). UNDER ACCOUNTING STANDARDS CODIFICATION (ASC) SECTION 740, THE TAX STATUS OF TAX-EXEMPT ENTITIES IS AN UNCERTAIN TAX POSITION, SINCE EVENTS COULD POTENTIALLY OCCUR THAT JEOPARDIZE TAX-EXEMPT STATUS. MANAGEMENT IS NOT AWARE OF ANY EVENTS THAT COULD JEOPARDIZE THE ORGANIZATION'S TAX-EXEMPT STATUS. THEREFORE, NO LIABILITY OR PROVISION FOR INCOME TAX HAS BEEN REFLECTED IN THE FINANCIAL STATEMENTS. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART X, LINE 2: |
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| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 0 | RESTORATION AND MAINTENANCE OF THE LAKE GEORGE CLUB HISTORIC BUILDING |
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| IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt | 0 | A LIST OF EXPENDITURES SPENT TOWARD HISTORIC PRESERVATION IS MAINTAINED BY THE FOUNDATION. |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE TREASURER WILL REVIEW THE RETURN BEFORE SIGNING AND FILING IT. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, AND AGREES TO COMPLY WITH THE POLICY AND DISCLOSE ANY CONFLICTS OF INTEREST OR POTENTIAL CONFLICTS OF INTEREST, IF ANY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE POLICIES OF THE FOUNDATION ARE AVAILABLE FOR THE PUBLIC TO REVIEW THROUGH THE NEW YORK STATE BUREAU OF CHARITIES. FURTHER, THE BOARD OR THE OFFICERS WILL PROVIDE ACCESS OR COPIES OF THESE DOCUMENTS IF REQUESTED. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION C, LINE 19 |
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| IRS990/USAddress/CityNm | 0 | LAKE GEORGE |
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| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
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| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | BOB BUHRMASTER |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | TREASURER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 5184244222 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-11-14 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | THE LAKE GEORGE CLUB HISTORIC |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | PRESERVATION FOUNDATION INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | LAKE |
| ReturnHeader/Filer/EIN | 0 | 822620932 |
| ReturnHeader/Filer/PhoneNum | 0 | 5184244222 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 4000 LAKE SHORE DR |
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| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | MENGEL METZGER BARR & CO LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 11 BRITISH AMERICAN BLVD |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | LATHAM |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 12110 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 5187850134 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | ALAN W CLINK CPA |
| ReturnHeader/ReturnTs | 0 | 2025-11-15T20:51:42-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2025-06-30 |
| ReturnHeader/TaxYr | 0 | 2024 |
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