Adirondack 1000 Islands Sports & Events Commission Inc

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Adirondack 1000 Islands Sports & Events Commission Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Adirondack 1000 Islands Sports & Events Commission Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Adirondack 1000 Islands Sports & Events Commission Inc in one place.

Is Adirondack 1000 Islands Sports & Events Commission Inc Legit?

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Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Across stored filings, Adirondack 1000 Islands Sports & Events Commission Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Request a concise report for Adirondack 1000 Islands Sports & Events Commission Inc with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

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Adirondack 1000 Islands Sports & Events Commission Inc directs 89% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Adirondack 1000 Islands Sports & Events Commission Inc

Adirondack 1000 Islands Sports & Events Commission Inc (EIN: 222861424) is a nonprofit organization based in Lake Placid, NY. The organization reported total revenue of $2.0M and total assets of $824K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Adirondack 1000 Islands Sports & Events Commission Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Adirondack 1000 Islands Sports & Events Commission Inc is a mid-size nonprofit that has been operating for 38 years, with 10 years of IRS 990 filings on record (2014–2023).

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Adirondack 1000 Islands Sports & Events Commission Inc reported a surplus of $5.7M with revenue exceeding expenses, holds 3.6 months of operating reserves (adequate), has a debt-to-asset ratio of 65.7% (high leverage).

Financial Trends

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Adirondack 1000 Islands Sports & Events Commission Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 5%
• programs: 89%
• fundraising: 6%

According to IRS 990 filings, Adirondack 1000 Islands Sports & Events Commission Inc allocates its expenses as follows: admin: 5%, programs: 89%, fundraising: 6%. With 89% directed toward programs, this reflects a strong commitment to its charitable mission.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $5.7M, with revenue exceeding expenses.
• Debt-to-asset ratio: 65.7%.

Executive Compensation Analysis

Executive compensation is not reported in recent filings, with 0% compensation to officers, directors, trustees, and key employees, suggesting a volunteer-led or externally compensated leadership structure.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Strengths

The following positive indicators were identified for Adirondack 1000 Islands Sports & Events Commission Inc:

• Significant revenue growth from $998,181 in 2020 to $63,490,488 in 2023, indicating strong fundraising and event success.
• High percentage of spending on programs (89% in 2023), demonstrating a focus on mission delivery.
• Healthy asset growth from $384,424 in 2020 to $17,498,146 in 2023, improving financial stability.
• Low administrative and fundraising overhead, maximizing resources for direct impact.

Frequently Asked Questions about Adirondack 1000 Islands Sports & Events Commission Inc

Filing History

IRS 990 filing history for Adirondack 1000 Islands Sports & Events Commission Inc showing financial trends over 10 years of public records:

Total assets increased by 1749814500% over the same period, from $1 to $17.5M. In its most recent filing year (2023), Adirondack 1000 Islands Sports & Events Commission Inc reported a surplus of $5.7M, with revenue exceeding expenses. The organization holds $11.5M in liabilities against $17.5M in assets (debt-to-asset ratio: 65.7%), resulting in net assets of $6.0M.

Year-by-Year Financial Summary

• 2023: Revenue of $63.5M, expenses of $57.8M, and assets of $17.5M (revenue +1081.0% year-over-year).
• 2022: Revenue of $5.4M, expenses of $5.3M, and assets of $3.7M (revenue +225.4% year-over-year).
• 2021: Revenue of $1.7M, expenses of $1.6M, and assets of $673K (revenue +65.5% year-over-year).
• 2020: Revenue of $998K, expenses of $1.0M, and assets of $384K (revenue +5.5% year-over-year).
• 2019: Revenue of $946K, expenses of $723K, and assets of $1.0M (revenue +378360.0% year-over-year).
• 2018: Revenue of $250, expenses of $250, and assets of $1 (revenue -50.0% year-over-year).
• 2017: Revenue of $500, expenses of $500, and assets of $1 (revenue -72.2% year-over-year).
• 2016: Revenue of $2K, expenses of $2K, and assets of $1 (revenue -28.0% year-over-year).
• 2015: Revenue of $3K, expenses of $3K, and assets of $1.
• 2014: Revenue of $0, expenses of $0, and assets of $1.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Adirondack 1000 Islands Sports & Events Commission Inc:

Data Sources and Methodology

This transparency report for Adirondack 1000 Islands Sports & Events Commission Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.