Yates Cultural & Recreational Resources Inc
- Assets
- $1.2m
- Revenue
- $539.2k
- Investments
- $0.0
- Employees
- 10
- Location
- Penn Yan, NY
- Founding
- 02/2003
- Data as of
- 12/2021
- EIN
- 02-0665897
Organization Overview
Yates Cultural & Recreational Resources Inc is located in Penn Yan, NY. The organization was established in 2003. 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, Yates Cultural & Recreational Resources Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yates Cultural & Recreational Resources 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, Yates Cultural & Recreational Resources Inc generated $539.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $270.0k during the year ending 12/2021. While expenses have increased by 12.9% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION IS TO ENHANCE THE PHYSICAL AND MENTAL WELL BEING OF YATES COUNTY RESIDENTS BY PROMOTING AND PROVIDING A CULTURAL, RECREATIONAL, ATHLETIC AND EDUCATIONAL CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A WELLNESS AND FITNESS CENTER FOR ALL INDIVUALS IN AND AROUND YATES COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dawn Shipman Director | Officer | 40 | $0 |
Dr Leigh Berry President | Trustee | 5 | $0 |
Jim Deluca Treasurer | Trustee | 5 | $0 |
Dr Suzamie Farnsworth Vice President | Trustee | 5 | $0 |
John Manley Board Member | Trustee | 1 | $0 |
Jason Hassos Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $5,428 |
| Related organizations | $0 |
| Government grants | $110,497 |
| All other contributions, gifts, grants, and similar amounts not included above | $210,758 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $326,683 |
| Total Program Service Revenue | $210,456 |
| Investment income | $2,052 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $539,191 |
| 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. | $41,600 |
| Compensation of current officers, directors, key employees. | $20,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $68,814 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,674 |
| Payroll taxes | $13,935 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30 |
| Fees for services: Accounting | $19,960 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $2,460 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,009 |
| Office expenses | $6,504 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,363 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,247 |
| Insurance | $9,768 |
| All other expenses | $8,454 |
| Total functional expenses | $269,990 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $349,898 |
| Savings and temporary cash investments | $25,173 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $818,090 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,193,161 |
| Accounts payable and accrued expenses | $56,933 |
| 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 | $60,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $116,933 |
| 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 | $1,076,228 |
| Total liabilities and net assets/fund balances | $1,193,161 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Yates Cultural & Recreational Resources Inc has recieved totaling $114,075.
| Awarding Organization | Amount |
|---|---|
Nord Family Foundation Amherst, OH PURPOSE: ADVANCING ECONOMIC DIGNITY AND JUSTICE FOR WOMEN AND FAMILIES | $55,000 |
Daisy Marquis Jones Foundation Rochester, NY PURPOSE: TO SUPPORT THE ELEVATE YOUTH PROGRAM | $25,000 |
Rochester Area Community Foundation Rochester, NY PURPOSE: FOR GENERAL SUPPORT | $23,500 |
J M Mcdonald Foundation Inc Wilmington, DE PURPOSE: CAPITAL PROJECT/TURF | $8,000 |
Greater Rochester Health Foundation Rochester, NY PURPOSE: COMMUNITY EVENT SPONSORSHIPS | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $75 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brooklyn Bridge Park Corporation Brooklyn, NY | $410,528,577 | $25,310,971 |
Inspirica Inc Stamford, CT | $38,438,849 | $9,454,101 |
Rewarding Environments For Adultliving Inc Elmont, NY | $6,389,376 | $6,709,006 |
Harlem Lacrosse And Leadership Corporation New York, NY | $2,915,816 | $6,267,239 |
Community Rowing Inc Brighton, MA | $16,273,081 | $6,722,803 |
Josiah Willard Hayden Recreation Center Inc Lexington, MA | $26,597,268 | $5,479,768 |
Monroe Community Sports Centre Corporation Rochester, NY | $10,874,985 | $2,546,542 |
Pilgrim Skating Arena Inc Hingham, MA | $11,883,485 | $3,566,472 |
Section Viii Of The New York State Public High Sch Athletic Assn Inc Garden City, NY | $2,112,612 | $1,625,215 |
St George Community Center I Inc Brooklyn, NY | $100,070 | $1,691,089 |
Knox Inc Hartford, CT | $1,543,474 | $1,697,399 |
Atlantic City Sports Commission Inc Atlantic City, NJ | $24,469 | $1,394,636 |