A Carousel For Missoula Foundation Inc
- Assets
- $1.7m
- Revenue
- $262.5k
- Investments
- $0.0
- Employees
- 26
- Location
- Missoula, MT
- Founding
- 08/1992
- Data as of
- 12/2021
- EIN
- 81-0475393
Organization Overview
A Carousel For Missoula Foundation Inc is located in Missoula, MT. The organization was established in 1992. 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 12/2021, A Carousel For Missoula Foundation Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. A Carousel For Missoula Foundation 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 12/2021, A Carousel For Missoula Foundation Inc generated $262.5k 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 (3.4%) each year. All expenses for the organization totaled $245.6k during the year ending 12/2021. 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
OPERATION OF A WOODEN HORSE CAROUSEL AND PLAY AREA PROVIDING OVERSIGHT TO THE OPERATION OF A CAROUSEL FOR MISSOULA, DRAGON HOLLOW PLAY AREA, AND BUILDING CONSTRUCTED BY THE AGENCY WHICH WAS GIVEN TO THE CITY OF MISSOULA, MT.
Describe the Organization's Program Activity:
THE ORGANIZATION OPERATES A HAND-CARVED WOODEN HORSE CAROUSEL AND PLAY AREA FOR THE USE AND ENJOYMENT OF THE RESIDENTS AND VISITORS OF MISSOULA, MT. IN 2005, THE AGENCY DONATED THE OWNERSHIP OF THE PLAY AREA TO THE CITY OF MISSOULA TO ENSURE THE LONG-TERM PUBLIC PURPOSE OF THE AREA. THE CAROUSEL HAS PROVIDED AN AVERAGE OF NEARLY 200,000 RIDES ANNUALLY. IN ADDITION TO RIDES, THE CAROUSEL ALSO PROVIDES EVENT PARTIES, A GIFT SHOP, AND CONCESSION STAND. FREE RIDES ARE OFFERED TO THE DISADVANTAGED, HOSTING OF EVENTS FOR THE COMMUNITY, AND GIVING TOURS TO VISITORS AND CHILDRENS GROUPS. THE CAROUSEL ALSO IS RESPONSIBLE FOR THE CARETAKING AND OVERSIGHT OF THE DRAGON HOLLOW PLAY AREA WHICH WAS CREATED BY NEARLY 4,000 VOLUNTEERS. DRAGON HOLLOW PLAY AREA WAS ALSO DONATED TO THE CITY OF MISSOULA. DURING 2019 THE DRAGON HOLLOW PLAY AREA WAS SUBSTANTIALLY RENNOVATED EXPENDING OVER 340,000 WHICH WAS SUPPORTED BY COMMUNITY DONATIONS AND WAS ALSO DONATED TO THE CITY FOR ITS LONGTERM PRESERVATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theresa Cox Executive Di | Officer | 40 | $54,092 |
Caryn Bohenek Secretary | OfficerTrustee | 2 | $0 |
Rachel Parkin President | OfficerTrustee | 2 | $0 |
Laurie Clouse Treasurer | OfficerTrustee | 2 | $0 |
Bob Hermes Vice Preside | OfficerTrustee | 2 | $0 |
Mark Drury Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,500 |
| Related organizations | $0 |
| Government grants | $31,300 |
| All other contributions, gifts, grants, and similar amounts not included above | $93,128 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $125,928 |
| Total Program Service Revenue | $99,990 |
| Investment income | $2,269 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $12,557 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $20,145 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $262,509 |
| 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. | $54,091 |
| Compensation of current officers, directors, key employees. | $27,046 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $62,096 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,561 |
| Payroll taxes | $20,506 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,938 |
| Advertising and promotion | $9,325 |
| Office expenses | $4,319 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,768 |
| 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 | $3,013 |
| Insurance | $10,028 |
| All other expenses | $9,325 |
| Total functional expenses | $245,622 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $171,040 |
| Savings and temporary cash investments | $1,467,719 |
| 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 | $44,192 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $34,041 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,716,992 |
| Accounts payable and accrued expenses | $9,108 |
| 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 | $9,108 |
| Net assets without donor restrictions | $1,669,576 |
| Net assets with donor restrictions | $38,308 |
| 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 | $1,716,992 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that A Carousel For Missoula Foundation Inc has recieved totaling $145.
| Awarding Organization | Amount |
|---|---|
First Interstate Bancsystem Foundation Inc Billings, MT PURPOSE: GENERAL OPERATING SUPPORT | $145 |
Endowment Analysis
| Beg. Balance | $38,308 |
| Earnings | $2,240 |
| Ending Balance | $40,548 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Higher Ground Sun Valley Inc Ketchum, ID | $4,850,142 | $4,135,308 |
Huron Area Wellness And Recreation Center Inc Huron, SD | $687,710 | $583,457 |
Movemeant Inc Boise, ID | $389,467 | $629,025 |
Whitefish Sports Facilities Foundation Whitefish, MT | $767,575 | $576,684 |
Kootenai Youth Recreation Organization Inc Post Falls, ID | $5,324,686 | $659,573 |
Forsyth Country Club Inc Forsyth, MT | $110,727 | $271,696 |
A Carousel For Missoula Foundation Inc Missoula, MT | $1,716,992 | $262,509 |
Rotary Veterans Memorial Pavilioninc Moscow, ID | $1,894,550 | $784,839 |
Spokane Figure Skating Club Hayden, ID | $74,198 | $0 |
Gillette Hockey Association Inc Gillette, WY | $366,164 | $204,531 |
Teton Rock Gym Inc Driggs, ID | $146,466 | $247,605 |
Big Sky Skating And Hockey Association Big Sky, MT | $563,050 | $215,310 |