Nonprofit · EIN 15-0510018
VETERANS MEMORIAL ASSOCIATION OF SARANAC LAKE INC
Tax-exempt · SARANAC LAKE, NY 12983
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990-EZ | $101,225 | $127,303 | -$26,078 | $106,839 | $7,555 | $99,284 |
| March 31, 2024 | 990-EZ | $95,849 | $111,660 | -$15,811 | $129,351 | $3,298 | $126,053 |
| March 31, 2023 | 990-EZ | $75,196 | $101,270 | -$26,074 | $132,323 | $1,420 | $130,903 |
Financial details: 990-EZ for the year ended March 31, 2025
Revenue
- Investment income
- $1,339
- Net gain from sales of assets
- $3,338
- Net income from fundraising events
- $40,840
- Net income from sales of inventory
- $53,908
- Other revenue
- $1,800
Expenses
- Grants and similar amounts paid
- $2,090
- Compensation of officers, directors and key employees
- $9,387
- Salaries, compensation and benefits (total)
- $64,370
- Professional fees and payments to contractors
- $7,439
- Occupancy
- $41,597
- Printing, publications and postage
- $1,032
- Other expenses
- $10,775
Balance sheet and other
- Total assets, start of year
- $129,351
- Total assets, end of year
- $106,839
- Total liabilities, end of year
- $7,555
- Net assets, end of year
- $99,284
- Cash, savings and investments
- $86,994
- Land and buildings
- $2,500
- Gross receipts
- $186,517
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-EZ for the year ended March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ARNIE MALM | TREASURER | 10 | $7,950 |
| TIMOTHY LOFTUS | DIRECTOR | 5 | $792 |
| JOSH WILLETT | VICE PRESIDENT | 5 | $472 |
| MICHAEL LYON | PRESIDENT | 5 | $173 |
| ERIC OLSON | SECRETARY | 9 | $0 |
| KEN CASLER | DIRECTOR | 0 | $0 |
| THOMAS JACOBS | DIRECTOR | 0 | $0 |
| WES MCLAUGHLIN | DIRECTOR | 0 | $0 |
| JEFF TAYLOR | DIRECTOR | 0 | $0 |
| DENNIS GALLAGHER | DIRECTOR | 0 | $0 |
| WILBER LYON | DIRECTOR | 0 | $0 |
| ADELE LYON | DIRECTOR | 0 | $0 |
990-EZ for the year ended March 31, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ARNIE MALM | TREASURER | 10 | $7,800 |
| MICHAEL LYON | PRESIDENT | 5 | $3,624 |
| JOSH WILLETT | DIRECTOR | 2 | $3,073 |
| TIMOTHY LOFTUS | DIRECTOR | 5 | $695 |
| WILBER LYON | VICE PRESIDENT | 0 | $0 |
| ERIC OLSON | SECRETARY | 9 | $0 |
| KEN CASLER | DIRECTOR | 0 | $0 |
| THOMAS JACOBS | DIRECTOR | 0 | $0 |
| HAROLD MAHONEY | DIRECTOR | 0 | $0 |
| WES MCLAUGHLIN | DIRECTOR | 0 | $0 |
| JEFF TAYLOR | DIRECTOR | 0 | $0 |
990-EZ for the year ended March 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ARNIE MALM | TREASURER | 10 | $6,450 |
| MICHAEL LYON | DIRECTOR | 2 | $1,959 |
| TIMOTHY LOFTUS | DIRECTOR | 5 | $1,325 |
| JOSH WILLETT | DIRECTOR | 2 | $1,304 |
| PATRICK REDMAN | PRESIDENT | 0 | $0 |
| WILBER LYON | VICE PRESIDENT | 0 | $0 |
| ERIC OLSON | SECRETARY | 9 | $0 |
| KEN CASLER | DIRECTOR | 0 | $0 |
| THOMAS JACOBS | DIRECTOR | 0 | $0 |
| HAROLD MAHONEY | DIRECTOR | 0 | $0 |
| WES MCLAUGHLIN | DIRECTOR | 0 | $0 |
| JEFF TAYLOR | DIRECTOR | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 202 BROADWAY, SARANAC LAKE, NY 12983-1106
- Signed the 990-EZ
- MICHAEL LYON, PRESIDENT
- Phone
- (518) 891-3685
- Return prepared by
- MARTIN & DUKETT LLC
Mission
BENEFITS VETERANS AND LOCAL COMMUNITY.
Program accomplishments
- THE ORGANIZATION WAS CREATED TO PROVIDE SUPPORT AND ASSISTANCE TO VETERANS AND THEIR FAMILIES, AND FOR THE SOCIAL AND ECONOMIC BENEFIT OF THE LOCAL COMMUNITY. THE ORGANIZATION ALSO PROVIDES COLLEGE SCHOLARSHIPS FOR STUDENTS IN THE COMMUNITY.
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 March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990-EZ on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 15-0510018
- Tax-exempt status
- 501(c)(19): Veterans' organization
- Donations deductible
- No
- Exempt since
- 1990
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $106,839
- Income (IRS master file)
- $186,517
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | March 2025 | $101,225 | $127,303 | $106,839 | XML |
| 990-EZ | March 2024 | $95,849 | $111,660 | $129,351 | XML |
| 990-EZ | March 2023 | $75,196 | $101,270 | $132,323 | XML |
| 990-EZ | March 2022 | – | – | – | IRS |
| 990-EZ | March 2021 | – | – | – | IRS |
| 990-EZ | March 2020 | – | – | – | IRS |
| 990-EZ | March 2019 | – | – | – | IRS |
| 990-EZ | March 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 15-0510018).
Questions about VETERANS MEMORIAL ASSOCIATION OF SARANAC LAKE INC
- What is the EIN of VETERANS MEMORIAL ASSOCIATION OF SARANAC LAKE INC?
- The employer identification number (EIN) of VETERANS MEMORIAL ASSOCIATION OF SARANAC LAKE INC is 15-0510018.
- Is VETERANS MEMORIAL ASSOCIATION OF SARANAC LAKE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(19) since 1990.
- Are donations to VETERANS MEMORIAL ASSOCIATION OF SARANAC LAKE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does VETERANS MEMORIAL ASSOCIATION OF SARANAC LAKE INC 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 VETERANS MEMORIAL ASSOCIATION OF SARANAC LAKE INC due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VETERANS MEMORIAL ASSOCIATION OF SARANAC LAKE INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended March 2025.
- Who are the officers and directors of VETERANS MEMORIAL ASSOCIATION OF SARANAC LAKE INC?
- The 990-EZ for the year ended March 31, 2025 lists 12 people; 4 received compensation from the organization, the highest $7,950 (ARNIE MALM, TREASURER).
- How much revenue does VETERANS MEMORIAL ASSOCIATION OF SARANAC LAKE INC have?
- On its 990-EZ for the year ended March 31, 2025 it reported revenue of $101,225, expenses of $127,303 and total assets of $106,839 at year end.
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