Cardinal Greenway Inc
- Assets
- $14.2m
- Revenue
- $730.5k
- Investments
- $843.0k
- Employees
- 9
- Location
- Muncie, IN
- Founding
- 07/1993
- Data as of
- 12/2022
- EIN
- 35-1885151
Organization Overview
Cardinal Greenway Inc is located in Muncie, IN. The organization was established in 1993. According to its NTEE Classification (N30) the organization is classified as: Physical Fitness & Community Recreational Facilities, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Cardinal Greenway Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cardinal Greenway 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 12/2022, Cardinal Greenway Inc generated $730.5k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. 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
CARDINAL GREENWAY IS DEDICATED TO ENHANCING THE QUALITY OF LIFE BY DEVELOPING AND OPERATING CORRIDORS AND TRAILS TO CONNECT PEOPLE AND COMMUNITUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARDINAL GREENWAY IS DEDICATED TO ENHANCING THE QUALITY OF LIFE BY DEVELOPING AND OPERATING CORRIDORS AND TRAILS TO CONNECT PEOPLE AND COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Johnson Director | Trustee | 2 | $0 |
Mike Statzer Director | Trustee | 2 | $0 |
Rick Zeigler Director | Trustee | 2 | $0 |
Lora Jones Mcclure Director | Trustee | 2 | $0 |
Jimm Milligan Director | Trustee | 2 | $0 |
Matthew Kelsey Director | 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 | $658,535 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $658,535 |
| Total Program Service Revenue | $19,112 |
| Investment income | $8,061 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $525 |
| Net Gain/Loss on Asset Sales | $4,249 |
| Net Income from Fundraising Events | $37,413 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,617 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $730,512 |
| 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. | $97,237 |
| Compensation of current officers, directors, key employees. | $13,898 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $169,859 |
| Pension plan accruals and contributions | $4,033 |
| Other employee benefits | $0 |
| Payroll taxes | $22,075 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,605 |
| Fees for services: Accounting | $12,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,738 |
| Fees for services: Other | $1,167 |
| Advertising and promotion | $35,253 |
| Office expenses | $11,403 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,071 |
| Travel | $15,083 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $207 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $707,882 |
| Insurance | $67,838 |
| All other expenses | $45,235 |
| Total functional expenses | $1,591,855 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $326,089 |
| Savings and temporary cash investments | $147,338 |
| 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 | $4,089 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $12,901,522 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $843,015 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,222,053 |
| Accounts payable and accrued expenses | $38,453 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $38,453 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | -$1,170,990 |
| Total liabilities and net assets/fund balances | $14,222,053 |