Holyoke Merry-Go-Round Inc
- Assets
- $874.6k
- Revenue
- $77.6k
- Investments
- $251.9k
- Employees
- 6
- Location
- Holyoke, MA
- Founding
- 02/1989
- Data as of
- 03/2022
- EIN
- 04-3034723
Organization Overview
Holyoke Merry-Go-Round Inc is located in Holyoke, MA. The organization was established in 1989. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 03/2022, Holyoke Merry-Go-Round Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Holyoke Merry-Go-Round Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2022, Holyoke Merry-Go-Round Inc generated $77.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $90.0k during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE AND MAINTAIN A HISTORIC HAND-CRAFTED CAROUSEL AND CALLIOPE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VARIOUS ACTIVITIES TO PRESERVE AND OPERATE THE HOLYOKE MERRY-GO-ROUND. DURING FISCAL YEARS ENDING 3/31/21 & 3/31/22, THE MERRY GO ROUND WAS FORCED TO TEMPORARILY CLOSE TO THE PUBLIC DUE TO THE PANDEMIC. IT RE-OPENED TO THE PUBLIC ON 7/17/21.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Menard Vice President (beg 3/28) | OfficerTrustee | 2 | $0 |
Joseph Mcgiverin Chair & (treasurer End 3/28) | OfficerTrustee | 2 | $0 |
Susan Leary Clerk | OfficerTrustee | 2 | $0 |
Barbara Griffin Vice President (end 3/28) | OfficerTrustee | 2 | $0 |
Danielle Hamel Dir Beg 12/29;treas Beg 3/28 | OfficerTrustee | 2 | $0 |
Carol Benoit Director (end 3/26) | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,935 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,935 |
| Total Program Service Revenue | $44,141 |
| Investment income | $5,499 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $83 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $19,193 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $837 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $77,612 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,537 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,767 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,873 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,833 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,117 |
| Office expenses | $5,668 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,454 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,103 |
| Insurance | $10,591 |
| All other expenses | $0 |
| Total functional expenses | $90,027 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,927 |
| Savings and temporary cash investments | $24,439 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,269 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $584,054 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $251,887 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $874,576 |
| Accounts payable and accrued expenses | $265 |
| Grants payable | $0 |
| Deferred revenue | $1,048 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $18,675 |
| Other liabilities | $0 |
| Total liabilities | $19,988 |
| Net assets without donor restrictions | $650,694 |
| Net assets with donor restrictions | $203,894 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $874,576 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Holyoke Merry-Go-Round Inc has recieved totaling $21.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $21 |
Endowment Analysis
| Beg. Balance | $174,100 |
| Earnings | $9,856 |
| Admin Expense | $1,954 |
| Ending Balance | $182,002 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Friends Of The Israel Antiquities Authority Inc New York, NY | $7,188,185 | $4,799,124 |
Tate Americas Foundation New York, NY | $101,513,410 | $8,735,378 |
Museo Reina Sofia Foundation Usa Inc New York, NY | $1,828,282 | $604,276 |
American Associates Of The National Theatre Inc New York, NY | $4,697,341 | $5,678,751 |
American Friends Of The Israel Philharmonic Orchestra Inc New York, NY | $30,416,918 | $8,529,001 |
American Friends Of The Louvre Inc New York, NY | $14,733,047 | $4,946,706 |
American Friends Of The National Portrait Gallery Foundation Inc New York, NY | $1,343,323 | $3,284,122 |
Coolidge Corner Theatre Foundation Inc Brookline, MA | $13,995,984 | $5,567,271 |
Boston Arts Academy Foundation Inc Boston, MA | $11,130,374 | $3,508,715 |
Friends Of The New York Transit Museum Brooklyn, NY | $12,792,750 | $2,066,293 |
Catskill Mountain Foundation Inc Hunter, NY | $10,564,799 | $2,283,674 |
Friends Of Emblaze Academy Charter School Inc Bronx, NY | $24,650,009 | $2,052,334 |