Society for Promotion of Winter Carnival Saranac Lake Inc
Nonprofit profile at a glance
- EIN
- 010698861
- IRS 990-EZ coverage
- 2013–2024
- Forms available
- Form 990-EZ 2024
- Location
- Saranac Lake, NY, USA
- Phone
- 5188919797
- Rating
- 36
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Fairs
Reported finances
- Revenue
- $-2,275
- Expenses
- $209,276
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- JEFF BRANCH (PRESIDENT)
- ROB RUSSELL (PAST PRESIDENT)
- DEAN BAKER (VICE PRESIDENT)
People named in this filing
- JEFF BRANCH (PRESIDENT)
- NANCY LABOMBARD (SECRETARY)
- MARTIN ROWLEY (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 purpose of the society is to promote, plan, coordinate and assist in the production of an annual winter carnival ("carnival") to be held each year during the first fifteen days of february in and around the village of saranac lake, ny. Attendees are citizens of the village and the surrounding townships of north elba, harrietstown and st. Armand as well as visitors a like. The main activities of the carnival are held in the village. Various carnival activities include contests, events, shows, outings, activities and meetings. The carnival seeks to foster a festival-type atmosphere in order to attract residents and non-residents to the area.
What it reported doing in 2024
A brilliant pictoral slideshow memorializing the events, contests, crowning of carnival royalty, etc. Of the winter carnival from beginning to end is presented at the closing ceremonies, prior to the fireworks. The slide show is very popular and is shown at multiple venues, establishing a permanent record of the year's events.
Operating model
- Revenue model
- Other-operating. 78% of the money available for current operations came from other operating revenue.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
REVIEW - The filed numbers largely add up and revenue has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 82
- Sustainability: 8
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -9,298.9%; rating input score 1; 1st percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -3.1% per year; rating input score 0; 40th percentile among comparable filings
- Revenue growth: 0.3% per year; rating input score 100; 53rd percentile among comparable filings
- Asset growth: 7.4% per year; rating input score 100; 66th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 12 filing years from 2013 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.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Sustainability: Operating margin scored 1/100.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.