Skaneateles Area Chamber of Commerce Foundation Inc
Nonprofit profile at a glance
- EIN
- 264328764
- IRS 990-EZ coverage
- 2011–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2008
- Location
- Skaneateles, NY, USA
- Phone
- 3156850552
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Public Foundations
Reported finances
- Revenue
- $27,928
- Expenses
- $21,637
- Assets
- $145,574
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- MARY GAFFNEY (PRESIDENT)
- ROBERT DEWITT (VICE-PRESIDENT)
People named in this filing
- MARY GAFFNEY (PRESIDENT)
- ROBERT DEWITT (VICE-PRESIDENT)
- HEATHER MCCLANAHAN (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The skaneateles foundation was founded in 2008 dedicating itself to the skaneateles community. The foundation seeks to enhance the community through promotion of the performing arts and music, preservation of the cultural heritage of boating on skaneateles lake, the area's economic development, conservation of skaneateles lake and its surrounding facilities, and financial assistance of those deserving individuals without regard to race, nationality, sex, color or creed.
What it reported doing in 2024
Dickens christmas is a gift from the business community to the general public for the weekends between thanksgiving and christmas each year for the past 30+ years. The streets of skaneateles are transformed into a victorian christmas village filled with caroling and actors acting out parts of charles dickens "a christmas carol", horse and carriage rides and entertainment. Approximately 5,000 people attend this event each weekend.
Operating model
- Revenue model
- Other-operating. 73% of the money available for current operations came from other operating revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 82
- Sustainability: 76
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 22.5%; rating input score 76; 76th percentile among comparable filings
- Total-asset coverage ratio: 6.73; rating input score 88; 88th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -0.1% per year; rating input score 0; 48th percentile among comparable filings
- Revenue growth: -10.9% per year; rating input score 0; 23rd percentile among comparable filings
- Asset growth: 14.1% per year; rating input score 100; 79th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments · $100K in reported program spending
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 7 of 8 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 12 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Transparency & Controls: Part III program expenses within total did not reconcile in the filed values.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.