Adirondack 1000 Islands Sports & Events Commission Inc
Adirondack 1000 Islands Sports & Events Commission: Strong Growth, High Program Spending
EIN: 222861424 · Lake Placid, NY · Updated: 2026-04-04
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.
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.
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
What does Adirondack 1000 Islands Sports & Events Commission Inc do?
Adirondack 1000 Islands Sports & Events Commission Inc is a nonprofit organization in the Unknown sector, located in Lake Placid, New York. It is classified under NTEE code Unknown.
How much revenue does Adirondack 1000 Islands Sports & Events Commission Inc have?
Adirondack 1000 Islands Sports & Events Commission Inc reported total revenue of $2,041,322. Based on 10 IRS 990 filings on record.
What are Adirondack 1000 Islands Sports & Events Commission Inc's total assets?
Adirondack 1000 Islands Sports & Events Commission Inc holds total assets of $823,572 as reported in IRS 990 filings.
Where is Adirondack 1000 Islands Sports & Events Commission Inc located?
Adirondack 1000 Islands Sports & Events Commission Inc is based in Lake Placid, New York.
What is Adirondack 1000 Islands Sports & Events Commission Inc's EIN?
Adirondack 1000 Islands Sports & Events Commission Inc's Employer Identification Number (EIN) is 222861424. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Adirondack 1000 Islands Sports & Events Commission Inc?
Adirondack 1000 Islands Sports & Events Commission Inc is classified under NTEE code Unknown (Unknown).
Is Adirondack 1000 Islands Sports & Events Commission Inc a registered 501(c)(3)?
Adirondack 1000 Islands Sports & Events Commission Inc appears in IRS records (EIN: 222861424). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Adirondack 1000 Islands Sports & Events Commission Inc file IRS Form 990?
Yes, Adirondack 1000 Islands Sports & Events Commission Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202303.
What was Adirondack 1000 Islands Sports & Events Commission Inc's revenue in 2023?
In the 202303 filing period, Adirondack 1000 Islands Sports & Events Commission Inc reported total revenue of $63,490,488, total expenses of $57,813,781, and net assets of $17,498,146.
Is Adirondack 1000 Islands Sports & Events Commission Inc's revenue growing or declining?
Adirondack 1000 Islands Sports & Events Commission Inc's revenue is growing. Revenue went from $5,375,870 (202203) to $63,490,488 (202303), a +1081.0% change. Based on 10 filings on record.
What is Adirondack 1000 Islands Sports & Events Commission Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Adirondack 1000 Islands Sports & Events Commission Inc covers tax period 202303. It shows revenue of $63,490,488, expenses of $57,813,781, total assets of $17,498,146, and liabilities of $11,491,831.
How much does Adirondack 1000 Islands Sports & Events Commission Inc spend on programs vs administration?
Based on IRS 990 analysis, Adirondack 1000 Islands Sports & Events Commission Inc allocates approximately 89% of expenses to program services, 5% to administrative costs, and 6% to fundraising. This indicates strong program focus.
Is Adirondack 1000 Islands Sports & Events Commission Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Adirondack 1000 Islands Sports & Events Commission Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Adirondack 1000 Islands Sports & Events Commission Inc's strengths?
Positive indicators for Adirondack 1000 Islands Sports & Events Commission Inc include: 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.. These findings are derived from AI analysis of the organization's financial filings.
How does Adirondack 1000 Islands Sports & Events Commission Inc compensate executives?
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 disclosure of officer, director, and key employee pay.
How does the organization manage its rapid growth in revenue and assets without reporting any compensation for its officers, directors, trustees, or key employees?
The 0% compensation reported for officers, directors, trustees, and key employees suggests that leadership may be entirely volunteer-based, or compensation for services is structured through external contracts not reported as direct employee compensation on the 990-PF, or the organization is utilizing a fiscal sponsor model where key personnel are compensated by another entity.
What specific events or initiatives contributed to the dramatic increase in revenue from $5,375,880 in 2022 to $63,490,488 in 2023?
While the provided data doesn't specify the exact events, such a substantial increase in revenue (over 1000%) in a single year strongly suggests the hosting of a major, high-profile sporting event or series of events, likely with significant sponsorship and ticket sales, or a large capital campaign.
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 | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $63.5M | $57.8M | $17.5M | $11.5M | — | View 990 |
| 2022 | $5.4M | $5.3M | $3.7M | $3.4M | — | View 990 |
| 2021 | $1.7M | $1.6M | $673K | $446K | — | View 990 |
| 2020 | $998K | $1.0M | $384K | $164K | — | View 990 |
| 2019 | $946K | $723K | $1.0M | $785K | — | View 990 |
| 2018 | $250 | $250 | $1 | $0 | — | View 990 |
| 2017 | $500 | $500 | $1 | $0 | — | View 990 |
| 2016 | $2K | $2K | $1 | $0 | — | View 990 |
| 2015 | $3K | $3K | $1 | $0 | — | View 990 |
| 2014 | $0 | $0 | $1 | $0 | — | View 990 |
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.
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.