Greater Fall River Re-Creation Committee Inc
- Assets
- $2.3m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 73
- Location
- Fall River, MA
- Founding
- 08/1972
- Data as of
- 06/2022
- EIN
- 04-2491918
Organization Overview
Greater Fall River Re-Creation Committee Inc is located in Fall River, MA. The organization was established in 1972. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 06/2022, Greater Fall River Re-Creation Committee Inc employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Fall River Re-Creation Committee 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 06/2022, Greater Fall River Re-Creation Committee Inc generated $2.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $2.2m during the year ending 06/2022. While expenses have increased by 6.3% per year over the past 6 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
PUBLIC RECREATION PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECREATIONAL PROGRAMS
RECREATIONAL PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Grace Gerling Executive Director | Officer | 40 | $75,808 |
Gregory O'donnell President | OfficerTrustee | 1 | $0 |
Paul Faggioli First Vice President | OfficerTrustee | 1 | $0 |
Justin Vieira Second Vice President | OfficerTrustee | 1 | $0 |
Sam Cordeiro Treasurer | OfficerTrustee | 1 | $0 |
Timothy Burke Clerk | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $17,585 |
| Related organizations | $0 |
| Government grants | $1,728,009 |
| All other contributions, gifts, grants, and similar amounts not included above | $590,624 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,336,218 |
| Total Program Service Revenue | $47,250 |
| Investment income | $74 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $85,708 |
| Net Gain/Loss on Asset Sales | -$18,488 |
| Net Income from Fundraising Events | $4,500 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,462,199 |
| 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. | $82,839 |
| Compensation of current officers, directors, key employees. | $62,129 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $843,676 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $33,938 |
| Payroll taxes | $89,562 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,890 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $74,314 |
| Advertising and promotion | $1,635 |
| Office expenses | $2,859 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $111,101 |
| Travel | $8,669 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $17,365 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $60,972 |
| Insurance | $64,781 |
| All other expenses | $8,164 |
| Total functional expenses | $2,195,665 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $450,533 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $358,382 |
| 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 | $1,491,154 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,300,069 |
| Accounts payable and accrued expenses | $82,419 |
| 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 | $507,491 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $589,910 |
| Net assets without donor restrictions | $1,549,543 |
| Net assets with donor restrictions | $160,616 |
| 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 | $2,300,069 |