Nonprofit · EIN 14-1422344
SCHROON LAKE CHAMBER OF COMMERCE
Tax-exempt · SCHROON LAKE, NY 12870
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $115,664 | $118,113 | -$2,449 | $144,099 | $8,566 | $135,533 |
| December 31, 2024 | 990-EZ | $86,738 | $79,911 | $6,827 | $137,982 | $0 | $137,982 |
| December 31, 2023 | 990-EZ | $111,942 | $103,803 | $8,139 | $138,267 | $7,112 | $131,155 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $27,000
- Membership dues
- $16,081
- Program service revenue
- $39,000
- Investment income
- $1,828
- Net income from fundraising events
- $7,889
- Net income from sales of inventory
- $3,515
- Other revenue
- $20,351
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $13,140
- Compensation of officers, directors and key employees
- $32,000
- Salaries, compensation and benefits (total)
- $58,421
- Occupancy
- $12,597
- Printing, publications and postage
- $254
- Other expenses
- $33,701
Balance sheet and other
- Total assets, start of year
- $137,982
- Total assets, end of year
- $144,099
- Total liabilities, end of year
- $8,566
- Net assets, end of year
- $135,533
- Cash, savings and investments
- $50,199
- Land and buildings
- $91,900
- Gross receipts
- $127,733
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-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Susan Palisano | Executive Director | 35 | $32,000 |
| Amanda Ragland | President | 4 | $0 |
| Richard Francis | Vice President | 4 | $0 |
| Charles Donnelly | Treasurer | 2 | $0 |
| David Peterson | Secretary | 2 | $0 |
| Micah Melville | Director | 1 | $0 |
| Anna Hay | Director | 2 | $0 |
| Brian Hosan | Director | 1 | $0 |
| Cynthia Turgeon | Director | 1 | $0 |
| Margaret Wood | Ex Officio voting member | 2 | $0 |
990-EZ for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Susan Palisano | Executive Director | 35 | $32,000 |
| Amanda Ragland | President | 2 | $0 |
| Alexis King | Vice President | 1 | $0 |
| Charles Donnelly | Treasurer | 2 | $0 |
| David Peterson | Secretary | 1 | $0 |
| Micah Melville | Director | 1 | $0 |
| Richard Francis | Director | 1 | $0 |
| Brian Hosan | Director | 1 | $0 |
| Margaret Wood | Ex Officio | 1 | $0 |
990-EZ for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Susan Palisano | Executive Director | 35 | $32,000 |
| Darren Woods | President | 2 | $0 |
| Micah Melville | Vice President | 2 | $0 |
| Stephanie Holmquist | Treasurer | 2 | $0 |
| David Peterson | Secretary | 2 | $0 |
| Amanda Ragland | Director | 1 | $0 |
| Alexis Conners | Director | 1 | $0 |
| Barry Pitkin | Director | 1 | $0 |
| Margaret Wood | Ex Officio | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 726, SCHROON LAKE, NY 12870-0726
- Signed the 990-EZ
- Susan Palisano, Executive Director
- Phone
- (518) 532-7675
- Website
- schroonlakechamber.org
Mission
Chamber of Commerce membership organization
Program accomplishments
- The Schroon Lake Chamber of Commerce engaged in year-round promotion of our 143 member businesses and organizations through marketing and advertising efforts to promote tourism and trade
- The Schroon Lake Chamber of Commerce engaged in year-round promotion of our 143 member businesses and organizations through events and programs to promote tourism and trade
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 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 14-1422344
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $144,099
- Income (IRS master file)
- $127,733
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $115,664 | $118,113 | $144,099 | IRS |
| 990-EZ | December 2024 | $86,738 | $79,911 | $137,982 | IRS |
| 990-EZ | December 2023 | $111,942 | $103,803 | $138,267 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | 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 14-1422344).
Questions about SCHROON LAKE CHAMBER OF COMMERCE
- What is the EIN of SCHROON LAKE CHAMBER OF COMMERCE?
- The employer identification number (EIN) of SCHROON LAKE CHAMBER OF COMMERCE is 14-1422344.
- Is SCHROON LAKE CHAMBER OF COMMERCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2001.
- Are donations to SCHROON LAKE CHAMBER OF COMMERCE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SCHROON LAKE CHAMBER OF COMMERCE 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 SCHROON LAKE CHAMBER OF COMMERCE due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SCHROON LAKE CHAMBER OF COMMERCE last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who are the officers and directors of SCHROON LAKE CHAMBER OF COMMERCE?
- The 990-EZ for the year ended December 31, 2025 lists 10 people; 1 received compensation from the organization, the highest $32,000 (Susan Palisano, Executive Director).
- How much revenue does SCHROON LAKE CHAMBER OF COMMERCE have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $115,664, expenses of $118,113 and total assets of $144,099 at year end.
Other nonprofits in SCHROON LAKE
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- SCHROON LAKE EMERGENCY SQUAD INC EIN 82-3097387 · last filed 990 for 2025
- SCHROON-NORTH HUDSON SNOWMOBILE ASSOCIATION INC EIN 14-6089049 · last filed 990-EZ for 2025
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- SCHROON LAKE ASSOCIATION EIN 13-3182165 · last filed 990-EZ for 2025
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All nonprofits in SCHROON LAKE · New York · Community improvement and capacity building