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SARANAC LAKE AREA CHAMBER OF COMMERCE

SARANAC LAKE, NY · EIN 510197092 · Form 990 · FY2023 · Small ($100K-$1M) · slareachamber.org
revenue
$211K
expenses
$195K
net assets
$43K
employees
2
program ratio
42%
mission · from form 990

TO GENERATE ECONOMIC DEVELOPMENT THROUGH PROMOTIONAL AND MARKETING AND BUSINESS BUILDING INITIATIVES THAT FOCUS ON THE CRITICAL PRIORITIES OF THE SARANAC LAKE COMMUNITY.

profile · synthesized from sources

The Saranac Lake Area Chamber of Commerce promotes economic development in the greater Saranac Lake, NY region by supporting local businesses through networking, professional development, and community-building initiatives. It serves as a catalyst for business growth and community engagement, offering membership benefits that include insurance access, marketing, and member-to-member discounts. The organization emphasizes values like equity, integrity, and transformation in its operations.

named programs · 3 · from sources

What they call their work

Business Membership Program
Membership tiers for businesses, nonprofits, and individuals providing access to insurance, marketing, and development resources
Member to Member Discounts
Chamber-led program enabling member businesses to offer exclusive savings to other members, promoting local spending and business relationships
Professional Development & Networking
Workshops and events connecting local businesses to foster collaboration, growth, and community investment
activities · 4 groups

What they do

  • Business Member Promotion Services 1 activity
    • Economic development through promotional and marketing initiatives
      Conducts promotional, marketing, and business-building initiatives to support economic development in the Saranac Lake community, leveraging chamber resources and member engagement.
  • Union and Association Benefit Funds 1 activity
    • Member access to insurance services
      Provides Chamber members with access to a full-service insurance division as part of membership benefits.
  • Member Business Referral & Discount Programs 1 activity
    • Member-to-member discount program
      Operates a program enabling Chamber members to offer exclusive savings on products and services to fellow members, fostering local economic collaboration.
  • Professional Association Capacity Building 1 activity
    • Professional development and networking programs for businesses
      Offers professional development workshops and networking events to support member businesses in building capacity and connections.
financials · form 990 · fy2023
revenue
Total revenue$211K
Contributions & grants$63K30%
Program service revenue$149K70%
Investment income$50%
Other revenue$0
expenses
Total expenses$195K
Program expenses42%
Admin / overhead58%
Fundraising0%
Salaries & benefits$110K
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$123K
Cash$111K
Investments$0
Liabilities$80K
Net assets$43K
Liquid reserves6.8 mo
3 years on record · 2019–2023 · YoY revenue +25.0%
relationships · 17

Who they work with

  • Above the Treeline Partner — Organization represented by board president Chrissie Wais
  • Adirondack Diversity Initiative Partner — Organization represented by board member Tiffany Rea-Fisher
  • Adirondack Regional Airport Partner — Organization represented by board treasurer Corey Hurwitch
  • Bionique Partner — Organization represented by board member Cynthia Martino
  • CAN AM Rugby Partner — Organization represented by board member Cameron Moody
  • Citizen's Advocates Partner — Organization represented by board secretary Amy Wenske
  • Community Bank N.A Partner — Organization represented by board member Katie Stephenson
  • Facebook Partner — Uses Facebook as a platform for outreach and communication with the public.
  • Hotel Saranac Partner — Organization represented by board vice president Josh King
  • Instagram Partner — Uses Instagram to share content and engage with visitors and members.
  • NYS Dept. of Civil Service Government — Organization represented by board member Martha Spear
  • North Country Chamber of Commerce Partner — Partner organization providing licensed insurance brokers to assist Saranac Lake Area Chamber of Commerce members.
  • North Country Community College Partner — Organization represented by board member Chris Knight
  • Northern Power & Light Partner — Organization represented by board member Emmett Smith
  • SL Area Chamber Network — Member organization operating under the name SARANAC LAKE AREA CHAMBER OF COMMERCE.
  • Scotts Florist Partner — Organization represented by board member Isabel Williams
  • Wilkins Agency Partner — Organization represented by board member Mike Navarra
strategies · 4

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Business-Support Ecosystem
    methodology: business-support-ecosystem
    By providing professional development, networking opportunities, and member benefits such as group insurance programs, the Chamber strengthens individual businesses and builds a resilient local economy because sustained growth arises from both capacity-building and peer connection.
  • Buy-Local Network Stimulation
    methodology: buy-local network stimulation
    By promoting local businesses and facilitating member-to-member discounts, the Chamber increases local spending and strengthens business networks because incentives and visibility encourage loyalty and reciprocal economic support within the community.
  • Catalyst Model for Community Growth
    methodology: catalyst_model
    By acting as a catalyst, the Chamber initiates and accelerates business growth and community development through coordinated interventions and partnerships because targeted support can unlock latent potential in local enterprises and civic infrastructure.
  • Community-Driven Economic Development
    methodology: community-driven economic development
    By aligning economic development initiatives with locally identified community priorities, the Chamber increases the relevance and effectiveness of its programs, fostering broader participation and sustainable growth because it reflects the community's own vision and needs.