Nonprofit · EIN 14-0817670
LAKE GEORGE CLUB
Also known as WILLIAM FINNEN
Tax-exempt · DIAMOND POINT, NY 12824
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,167,735 | $2,764,575 | $1,403,160 | $4,160,684 | $266,183 | $3,894,501 |
| December 31, 2023 | 990 | $2,646,222 | $2,829,304 | -$183,082 | $2,734,369 | $243,028 | $2,491,341 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $92,936
- Program service revenue
- $2,963,162
- Investment income
- $26,828
- Net income from sales of inventory
- $1,074,894
- Other revenue
- $1,084,809
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $279,668
- Other salaries and wages
- $1,005,496
- Salaries, compensation and benefits (total)
- $1,575,184
- Professional fundraising fees
- $0
- Accounting fees
- $90,015
- Occupancy
- $123,114
- Travel
- $2,573
- Depreciation
- $108,551
- Program services (functional)
- $1,490,558
- Management and general (functional)
- $1,274,017
Balance sheet and other
- Total assets, start of year
- $2,734,369
- Total assets, end of year
- $4,160,684
- Total liabilities, end of year
- $266,183
- Net assets, end of year
- $3,894,501
- Land, buildings and equipment
- $2,729,287
- Net assets without donor restrictions
- $3,885,946
- Net assets with donor restrictions
- $8,555
- Gross unrelated business income
- $254,605
- Gross receipts
- $4,831,553
- Employees
- 120
- Volunteers
- 0
- Year formed
- 1908
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Tracey Gallagher | General Manager Highest-paid employee | 40 | $142,173 | $27,113 |
| Desmond Smith | Executive Chef Highest-paid employee | 40 | $97,586 | $12,796 |
| Heather Ward | President Trustee or director, Officer | 1 | $0 | $0 |
| Joe Favero | Vice President Trustee or director, Officer | 1 | $0 | $0 |
| George Badcock | 2nd Vice President Trustee or director, Officer | 1 | $0 | $0 |
| Leah Menzies DeSantis | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Lisa Stromberg | Assistant Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Joan Sullivan | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Derek Nolan | Assistant Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Martha Fishel | Director Trustee or director | 1 | $0 | $0 |
| Jennifer Mabley Handler | Director Trustee or director | 1 | $0 | $0 |
| Chris LaGuardia | Director Trustee or director | 1 | $0 | $0 |
| John Lasalandra | Director Trustee or director | 1 | $0 | $0 |
| Kyle LaVoy | Director Trustee or director | 1 | $0 | $0 |
| Peter Maloy | Director Trustee or director | 1 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| John Mason | Director Trustee or director | 1 | $0 |
| Bill Ryan | Director Trustee or director | 1 | $0 |
| Dr Jim Schneider | Director Trustee or director | 1 | $0 |
| Gregg Sherry | Director Trustee or director | 1 | $0 |
| John Tarrant | Director Trustee or director | 1 | $0 |
| Tom West | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| William Finnen | Past General Manager Highest-paid employee | 40 | $117,960 | $11,854 |
| Tracey Gallagher | General Manager Highest-paid employee | 40 | $119,642 | $10,075 |
| Patrick Brown | Executive Chef Highest-paid employee | 40 | $100,495 | $12,924 |
| Heather Ward | President Trustee or director, Officer | 1 | $0 | $0 |
| Joe Favero | Vice President Trustee or director, Officer | 1 | $0 | $0 |
| George Badcock | 2nd Vice President Trustee or director, Officer | 1 | $0 | $0 |
| Leah Menzies DeSantis | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Lisa Stromberg | Assistant Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Joan Sullivan | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Derek Nolan | Assistant Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Martha Fishel | Director Trustee or director | 1 | $0 | $0 |
| Jennifer Mabley Handler | Director Trustee or director | 1 | $0 | $0 |
| Chris LaGuardia | Director Trustee or director | 1 | $0 | $0 |
| John Lasalandra | Director Trustee or director | 1 | $0 | $0 |
| Kyle LaVoy | Director Trustee or director | 1 | $0 | $0 |
| Peter Maloy | Director Trustee or director | 1 | $0 | $0 |
| John Mason | Director Trustee or director | 1 | $0 | $0 |
| Bill Ryan | Director Trustee or director | 1 | $0 | $0 |
| Dr Jim Schneider | Director Trustee or director | 1 | $0 | $0 |
| Gregg Sherry | Director Trustee or director | 1 | $0 | $0 |
| John Tarrant | Director Trustee or director | 1 | $0 | $0 |
| Tom West | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4000 LAKE SHORE DR, DIAMOND POINT, NY 12824-0000
- Principal officer (990 for 2024)
- Joan Sullivan, PO Box 175, Diamond Point, NY 12824
- Signed the 990
- Joan Sullivan, Treasurer
- Phone
- (518) 668-5734
- Return prepared by
- BATTAGLIA & ASSOCIATES CPA'S PLLC
Mission
Operation of a members-only social, sailing, swimming and tennis club.
Program accomplishments
- Operate a members only social, sailing, swimming and tennis club.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 14-0817670
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1947
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $4,160,684
- Income (IRS master file)
- $4,831,553
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,167,735 | $2,764,575 | $4,160,684 | XML |
| 990 | December 2023 | $2,646,222 | $2,829,304 | $2,734,369 | XML |
| 990 | December 2022 | $2,516,928 | $2,434,098 | $3,031,105 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 14-0817670).
Questions about LAKE GEORGE CLUB
- What is the EIN of LAKE GEORGE CLUB?
- The employer identification number (EIN) of LAKE GEORGE CLUB is 14-0817670.
- Is LAKE GEORGE CLUB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1947.
- Are donations to LAKE GEORGE CLUB tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LAKE GEORGE CLUB file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LAKE GEORGE CLUB due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LAKE GEORGE CLUB last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LAKE GEORGE CLUB?
- The 990 for the year ended December 31, 2024 names Joan Sullivan.
- Who are the officers and directors of LAKE GEORGE CLUB?
- The 990 for the year ended December 31, 2024 lists 21 people; 2 received compensation from the organization, the highest $142,173 (Tracey Gallagher, General Manager).
- How much revenue does LAKE GEORGE CLUB have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,167,735, expenses of $2,764,575 and total assets of $4,160,684 at year end.
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