Cascades Park Foundation
- Assets
- $2.0m
- Revenue
- $487.2k
- Investments
- $0.0
- Employees
- 29
- Location
- Jackson, MI
- Founding
- 08/1993
- Data as of
- 12/2021
- EIN
- 38-3095120
Organization Overview
Cascades Park Foundation, operating under the name Cascades Manor House, is located in Jackson, MI. The organization was established in 1993. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Cascades Manor House employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cascades Manor House 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 12/2021, Cascades Manor House generated $487.2k 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 (7.0%) each year. All expenses for the organization totaled $590.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT AND PRESERVE THE HISTORICAL CASCADES CLUBHOUSE (THE MANOR HOUSE), THE SPARKS FOUNDATION COUNTY PARK, AND OTHER JACKSON COUNTY PARKS.
Describe the Organization's Program Activity:
OPERATION OF THE CASCADES MANOR HOUSE, A COMMUNITY GATHERING SPOT OFFERING A BANQUET/RECEPTION FACILITY, INCLUDING RENTAL OF VARIOUS ITEMS TO SUPPORT EVENTS. THE MANOR HOUSE IS LOCATED IN THE HISTORIC CASCADES CLUBHOUSE BUILDING, WHICH OPENED IN 1932. OPERATION OF THE MANOR HOUSE ALSO HELPS INCREASE PUBLIC AWARENESS OF NEEDED MAINTENANCE AND IMPROVEMENTS FACING THE COUNTY PARKS AND STRUCTURES LOCATED WITHIN THEM.
MAINTENANCE AND IMPROVEMENT OF THE HISTORIC CASCADES MANOR HOUSE, INCLUDING A $12,000 GRANT TO THE JACKSON COUNTY PARKS DEPARTMENT TO SUPPORT MAINTENANCE AND IMPROVEMENT OF COUNTY PARKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathe Meade Secretary | OfficerTrustee | 1.5 | $0 |
Margaret Myers Treasurer | OfficerTrustee | 5 | $0 |
Chris Langley President | OfficerTrustee | 5 | $0 |
Pat Doher Vice President | OfficerTrustee | 1.5 | $0 |
Rick Mills Director | Trustee | 1.5 | $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 | $900 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $900 |
| Total Program Service Revenue | $358,500 |
| Investment income | $31,475 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $48,881 |
| Net Gain/Loss on Asset Sales | $47,476 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $487,232 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,000 |
| 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 | $235,963 |
| Pension plan accruals and contributions | $2,344 |
| Other employee benefits | $13,455 |
| Payroll taxes | $18,613 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,996 |
| Office expenses | $5,574 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,229 |
| 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 | $78,647 |
| Insurance | $9,603 |
| All other expenses | $52,103 |
| Total functional expenses | $590,242 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,547 |
| Savings and temporary cash investments | $40,632 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,805 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $18,127 |
| Prepaid expenses and deferred charges | $4,100 |
| Net Land, buildings, and equipment | $1,062,584 |
| Investments—publicly traded securities | $866,628 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,037,423 |
| Accounts payable and accrued expenses | $12,441 |
| Grants payable | $0 |
| Deferred revenue | $40,739 |
| 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 | $42,569 |
| Total liabilities | $95,749 |
| Net assets without donor restrictions | $1,916,674 |
| Net assets with donor restrictions | $25,000 |
| 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 | $2,037,423 |
Grants Awarded
Over the last fiscal year, Cascades Park Foundation has awarded $112,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
JACKSON COUNTY PURPOSE: HARD SURFACE WALKING PATH TO THE FALLS | $50,000 |
JACKSON COUNTY PURPOSE: ASPHALT PATH AND PAVE BROWN ST PARKING | $50,000 |
JACKSON COUNTY PURPOSE: FUNDING FOR IMPROVED MAINTENANCE OF SPAR | $12,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ball Brothers Foundation Muncie, IN | $163,131,007 | $28,120,087 |
Crim Fitness Foundation Inc Flint, MI | $5,078,981 | $6,543,368 |
Toledo Classic Inc Toledo, OH | $1,903,609 | $6,431,231 |
George And Frances Ball Foundation Muncie, IN | $76,278,352 | $7,203,214 |
The Kroger Helping Hands Fund Benefits Trust Cincinnati, OH | $21,338,883 | $10,000,000 |
Park National Bank Foundation Park National Bank Newark, OH | $15,877,753 | $5,232,147 |
Edmund F And Virginia B Ball Foundation Inc Muncie, IN | $23,329,269 | $2,218,558 |
Friends Of The Manitowoc Familyaquatic Center Inc Manitowoc, WI | $269,607 | $8,134 |
Cascades Park Foundation Jackson, MI | $2,037,423 | $487,232 |
Cancer Pathways Midwest Inc Evansville, IN | $687,290 | $712,381 |
Blazing Hearts Appleton, WI | $155,095 | $473,456 |
Avon Atheletic Boosters Club Inc Avon, OH | $345,545 | $592,195 |