Nonprofit · EIN 51-0197092
SARANAC LAKE AREA CHAMBER OF COMMERCE
Tax-exempt · SARANAC LAKE, NY 12983
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2024 | 990 | $211,399 | $194,927 | $16,472 | $122,639 | $79,874 | $42,765 |
Financial details: 990 for the year ended May 31, 2024
Revenue
- Contributions, gifts and grants
- $62,877
- of which government grants
- $17,500
- Membership dues
- $42,333
- Program service revenue
- $148,517
- Investment income
- $5
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $92,798
- Salaries, compensation and benefits (total)
- $109,687
- Professional fundraising fees
- $0
- Accounting fees
- $1,960
- Travel
- $163
- Program services (functional)
- $81,603
- Management and general (functional)
- $113,324
Balance sheet and other
- Total assets, start of year
- $99,816
- Total assets, end of year
- $122,639
- Total liabilities, end of year
- $79,874
- Net assets, end of year
- $42,765
- Net assets without donor restrictions
- $42,765
- Gross receipts
- $211,399
- Employees
- 2
- Year formed
- 1921
- 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 May 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| COREY HURWITCH | TREASURER Officer | – | $0 |
| CHRIS KNIGHT | VICE-PRESIDE Officer | – | $0 |
| EMMETT SMITH | SECRETARY Officer | – | $0 |
| JACOB WRIGHT | PRESIDENT Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 39 MAIN ST STE 2, SARANAC LAKE, NY 12983-1749
- Principal officer (990 for 2023)
- JACOB WRIGHT
- Signed the 990
- JACOB WRIGHT, PRESIDENT
- Phone
- (518) 891-1990
- Website
- SLAREACHAMBER.ORG
- Return prepared by
- THE HOFFMAN EELLS GROUP CPAS PC
Mission
TO GENERATE ECONOMIC DEVELOPMENT THROUGH PROMOTIONAL AND MARKETING AND BUSINESS BUILDING INITIATIVES THAT FOCUS ON THE CRITICAL PRIORITIES OF THE SARANAC LAKE COMMUNITY.
Program accomplishments
- MAINTAINING SPECIAL AND REGULAR PROGRAMS TO STIMULATE ECONOMIC DEVELOPMENT THROUGH PROMOTIONAL, MARKETING AND BUSINESS BUILDING INITIATIVES.
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 May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | Not on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 51-0197092
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Exempt since
- 1976
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $122,639
- Income (IRS master file)
- $211,399
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2024 | $211,399 | $194,927 | $122,639 | XML |
| 990-EZ | May 2023 | – | – | – | IRS |
| 990-EZ | May 2022 | – | – | – | IRS |
| 990-EZ | May 2020 | – | – | – | IRS |
| 990-EZ | May 2019 | – | – | – | IRS |
| 990-EZ | May 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 51-0197092).
Questions about SARANAC LAKE AREA CHAMBER OF COMMERCE
- What is the EIN of SARANAC LAKE AREA CHAMBER OF COMMERCE?
- The employer identification number (EIN) of SARANAC LAKE AREA CHAMBER OF COMMERCE is 51-0197092.
- Is SARANAC LAKE AREA CHAMBER OF COMMERCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1976.
- Which annual return does SARANAC LAKE AREA 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 SARANAC LAKE AREA CHAMBER OF COMMERCE due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SARANAC LAKE AREA CHAMBER OF COMMERCE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2024.
- Who is the principal officer of SARANAC LAKE AREA CHAMBER OF COMMERCE?
- The 990 for the year ended May 31, 2024 names JACOB WRIGHT.
- Who are the officers and directors of SARANAC LAKE AREA CHAMBER OF COMMERCE?
- The 990 for the year ended May 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does SARANAC LAKE AREA CHAMBER OF COMMERCE have?
- On its 990 for the year ended May 31, 2024 it reported revenue of $211,399, expenses of $194,927 and total assets of $122,639 at year end.
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