Overview
What is Lp-Ec Quality Destination Inc?
Lp-Ec Quality Destination Inc is a nonprofit organization situated in Lake Placid, New York, specifically at 2608 Main Street. Their primary objective is to promote, educate, foster, and encourage the public's awareness and appreciation of the benefits of quality destinations in Essex County, New York. By doing so, they aim to stimulate economic growth and profit the townships in the region. To achieve this, they sponsor various historic, cultural, educational, and sporting events. These events aim to showcase the unique attributes of Essex County, encouraging travel and boosting the local economy.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65%, earning a Two-Star out of Four Star rating.
Lp-Ec Quality Destination Inc has achieved a Two-Star rating from Charity Navigator, indicating some strengths in its operations but also notable weaknesses. The organization boasts a high program expense ratio of 98.86%, reflecting a strong commitment to its programs. Additionally, it scores full points on several accountability measures, such as having a majority independent board and robust policies concerning conflicts of interest and documentation of board meeting minutes.
However, significant concerns arise from its financial management and transparency. The organization has a liabilities to assets ratio of 157.22%, which is a potential red flag regarding its financial stability. Additionally, several key governance policies are missing, including a whistleblower policy and a document retention policy, which could impact accountability and transparency. Furthermore, the absence of tax form disclosures on its website raises questions about its overall transparency to stakeholders and the general public.
This AI summary has been generated from information found on Charity Navigator.
Is Lp-Ec Quality Destination Inc legitimate?
Lp-Ec Quality Destination Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lp-Ec Quality Destination Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Lp-Ec Quality Destination Inc?
Lp-Ec Quality Destination Inc's mission is centered around promoting, educating, fostering, and encouraging public understanding of the benefits of quality destinations. This initiative aims to result in economic growth, ultimately benefiting various townships. The organization achieves this mission by sponsoring a range of events, including historic, cultural, educational, and sporting activities. These events serve to educate the public about the unique attributes of the destination, thereby inspiring travel and boosting the local economy.
Who is the CEO of Lp-Ec Quality Destination Inc?
James B Mckenna is the President of Lp-Ec Quality Destination Inc.
What is the revenue of Lp-Ec Quality Destination Inc?
Lp-Ec Quality Destination Inc's revenue in 2022 was $154,393.
Who are the executives of Lp-Ec Quality Destination Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Lp-Ec Quality Destination Inc?
Lp-Ec Quality Destination Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lp-Ec Quality Destination Inc
Lp-Ec Quality Destination Inc is committed to promoting, educating, fostering, and encouraging public understanding of the benefits of quality destinations. This mission aims to result in economic growth and benefit the townships of Essex County, New York. The organization achieves this by sponsoring historic, cultural, educational, and sporting events. These events serve to educate the public about the unique attributes of Essex County, inspiring travel to the county. By doing so, Lp-Ec Quality Destination Inc contributes to the economic growth of the region, ultimately benefiting its communities.
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Impact
October, 2024
Lp-Ec Quality Destination Inc significantly enhances the community by promoting, educating, and fostering an appreciation for the unique attributes of Essex County, New York. This organization actively sponsors historic, cultural, educational, and sporting events that not only highlight the region's rich heritage but also engage and educate the public, encouraging an understanding of the benefits of quality destinations.
By focusing on these efforts, Lp-Ec Quality Destination Inc drives economic growth, attracting visitors to the county and supporting local businesses. The promotion of tourism and travel to Essex County not only revitalizes the area economically but also strengthens community bonds as residents and visitors alike come together to celebrate the region's offerings. The organization's initiatives are pivotal in showcasing the beauty and diversity of Essex County, fostering a renewed sense of pride among residents while effectively contributing to the overall improvement and vibrancy of the community.
This information is meant to be a general summary of Lp-Ec Quality Destination Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $154,393
- Gross Receipts: $154,393
Assets and Liabilities:
- Total Assets: $40,514
- Total Liabilities: $63,700
- Net Assets: -$23,186
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ESWG
Revenue
$150,768
COMMUNITY DAY
Revenue
$3,625
Organization Details
Founding Year
2006
Phone
(518) 523-2445Principal Officer
James B Mckenna
Main Address
2608 MAIN STREET, LAKE PLACID, NY, 12946
NTEE Category
Code: S300 - Community improvement
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