Massanetta Springs Inc
- Assets
- $9.1m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 70
- Location
- Harrisonburg, VA
- Founding
- 02/1969
- Data as of
- 12/2022
- EIN
- 54-0505926
Organization Overview
Massanetta Springs Inc is located in Harrisonburg, VA. The organization was established in 1969. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Massanetta Springs Inc employed 70 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Massanetta Springs 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, Massanetta Springs Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $2.2m during the year ending 12/2022. While expenses have increased by 4.3% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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
PROVIDE CONFERENCE PROGRAMS & LODGING TO VARIOUS GROUPS FOR CHARITABLE, RELIGIOUS OR EDUCATIONAL PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCE FACILITIES AND LODGING PROVIDED FOR RELIGIOUS, CHARITABLE AND EDUCATIONAL GROUPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Nygard President | OfficerTrustee | 1 | $0 |
Sarah Morgan Vice President | OfficerTrustee | 1 | $0 |
Lynne Clements Trustee | Trustee | 1 | $0 |
Gary Blackmon Trustee | Trustee | 1 | $0 |
Howard Dudley Trustee | Trustee | 1 | $0 |
Dennis Griffin Trustee | Trustee | 1 | $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 | $926,293 |
| Noncash contributions included in lines 1a–1f | $498 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $926,293 |
| Total Program Service Revenue | $1,115,242 |
| Investment income | $44,134 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $42,535 |
| Net Gain/Loss on Asset Sales | $6,296 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$1,680 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,131,784 |
| 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. | $101,203 |
| Compensation of current officers, directors, key employees. | $20,561 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $525,236 |
| Pension plan accruals and contributions | $10,521 |
| Other employee benefits | $43,335 |
| Payroll taxes | $36,020 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,711 |
| Fees for services: Accounting | $11,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,192 |
| Fees for services: Other | $8,521 |
| Advertising and promotion | $36,828 |
| Office expenses | $36,028 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $530,528 |
| Travel | $38,860 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $18,630 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $249,457 |
| Insurance | $74,133 |
| All other expenses | $33,174 |
| Total functional expenses | $2,173,295 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $365,687 |
| Savings and temporary cash investments | $280,892 |
| Pledges and grants receivable | $194,803 |
| Accounts receivable, net | $295,832 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,818 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,053,779 |
| Investments—publicly traded securities | $2,896,840 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,095 |
| Total assets | $9,098,746 |
| Accounts payable and accrued expenses | $36,273 |
| Grants payable | $0 |
| Deferred revenue | $37,388 |
| 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 | $180,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,143 |
| Total liabilities | $256,804 |
| Net assets without donor restrictions | $6,085,162 |
| Net assets with donor restrictions | $2,756,780 |
| 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 | $9,098,746 |