Three Rivers Carousel Foundation
- Assets
- $3.4m
- Revenue
- $317.4k
- Investments
- $23.0k
- Employees
- 15
- Location
- Kennewick, WA
- Founding
- 12/2006
- Data as of
- 12/2022
- EIN
- 13-4228551
Organization Overview
Three Rivers Carousel Foundation, operating under the name Gesa Carousel Of Dreams, is located in Kennewick, WA. The organization was established in 2006. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Gesa Carousel Of Dreams employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gesa Carousel Of Dreams 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, Gesa Carousel Of Dreams generated $317.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $310.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MAINTAIN AND OPERATE A VINTAGE 1910 WOODEN CAROUSEL.
Describe the Organization's Program Activity:
THE ORGANIZATION MAINTAINS A VINTAGE 1910 WOODEN CAROUSEL AND A FACILTY THAT IS OPERATED AND USED FOR THE ENJOYMENT OF RESIDENTS AND VISITORS. THE CAROUSEL HAD APPROXIMATELY 95,046 VISITORS IN 2022. THE CAROUSEL IS RAN MAINLY BY VOLUNTEERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Sorn President | OfficerTrustee | 5 | $0 |
Josh Mckenzie Vice President | OfficerTrustee | 1 | $0 |
Ken Hahn Treasurer | OfficerTrustee | 5 | $0 |
Cindy Hemsworth Secretary | OfficerTrustee | 2 | $0 |
Dustin Golding Director | Trustee | 1 | $0 |
Ken Johanning Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $10,500 |
| Related organizations | $0 |
| Government grants | $50,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $64,672 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $125,172 |
| Total Program Service Revenue | $171,398 |
| Investment income | $53 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,400 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $19,392 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $317,415 |
| 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. | $74,422 |
| Compensation of current officers, directors, key employees. | $29,769 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $46,343 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,312 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,066 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $217 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,457 |
| Office expenses | $24,748 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,950 |
| Travel | $4,028 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $60 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $69,463 |
| Insurance | $16,942 |
| All other expenses | $10,766 |
| Total functional expenses | $310,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,966 |
| Savings and temporary cash investments | $101,992 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $455 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,047 |
| Prepaid expenses and deferred charges | $4,032 |
| Net Land, buildings, and equipment | $2,045,109 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $23,038 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,131,596 |
| Total assets | $3,360,235 |
| Accounts payable and accrued expenses | $7,923 |
| Grants payable | $0 |
| Deferred revenue | $6,849 |
| 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 | $14,772 |
| Net assets without donor restrictions | $3,345,463 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $3,360,235 |
Grants Awarded
Over the last fiscal year, Three Rivers Carousel Foundation has awarded $30,174 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ANSIL A NEW START IN LIFE PURPOSE: SUPPORT DURING COVID-19 PANDEMIC | $5,795 |
COMMUNITIES IN SCHOOLS OF BENTON-FRANKLIN PURPOSE: SUPPORT DURING COVID-19 PANDEMIC | $6,591 |
GRACE CLINIC PURPOSE: SUPPORT DURING COVID-19 PANDEMIC | $6,198 |
TRI-CITIES FOOD BANK PURPOSE: SUPPORT DURING COVID-19 PANDEMIC | $5,795 |
YMCA OF THE GREATER TRI-CITIES PURPOSE: SUPPORT DURING COVID-19 PANDEMIC | $5,795 |