Cradle Beach Inc
- Assets
- $6.2m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 158
- Location
- Angola, NY
- Founding
- 08/1942
- Data as of
- 10/2023
- EIN
- 16-0743025
Organization Overview
Cradle Beach Inc is located in Angola, NY. The organization was established in 1942. According to its NTEE Classification (N20) the organization is classified as: Camps, under the broad grouping of Recreation & Sports and related organizations. As of 10/2023, Cradle Beach Inc employed 158 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cradle Beach 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 10/2023, Cradle Beach Inc generated $2.2m 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 (5.2%) each year. All expenses for the organization totaled $2.3m during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 7 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CRADLE BEACH SERVES CHILDREN, TEENAGERS, ADULTS AND SENIORS, CREATING OPPORTUNITIES FOR GROWTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O:CRADLE BEACH CELEBRATED ITS 135TH YEAR OF SERVING OUR WNY COMMUNITY AND BEYOND WITH EXCELLENCE. WE REVEALED OUR REFRESHED BRAND, LOGO, TAGLINE AND ANNIVERSARY LOGO TO HELP THE COMMUNITY UNDERSTAND THE DEPTH OF OUR MISSION AND SERVICE. WE'VE ENJOYED THE GROWING NUMBER OF FAMILIES, CAMPERS, RESPITEERS, VOLUNTEERS, EMPLOYEES, ALUMNI AND COMMUNITY MEMBERS COMING TO BENEFIT FROM THE GROWTH, INSPIRATION AND JOY INSPIRED THROUGH EVERY SEASON ON OUR BEAUTIFUL 66 ACRE CAMPUS. OUR OVERNIGHT SUMMER CAMP CONTINUES TO SERVE THE GROWING AND COMPLEX NEEDS OF OUR CAMPERS WHILE ALSO PROVIDING CRITICAL SUPPORT AND RESPITE TO THE ENTIRE FAMILY UNIT. OUR OVERNIGHT RESPITE PROGRAM CONTINUES TO OFFER VITAL SKILL BUILDING FOR CHILDREN/ADULTS ENROLLED IN NYS OPWDD, WHILE THEIR CAREGIVERS REJUVENATE AND TEND TO THEIR SELF-CARE. OUR PATHWAYS FOR CAREGIVERS DAY RESPITE PROGRAM AND COLLABORATION CONTINUES TO SERVE EXHAUSTED AND STRESSED FAMILY CAREGIVERS OF AGING LOVED ONES OFFERING MONTHLY SUPPORT GROUPS, WELLNESS ACTIVITIES AND EDUCATIONAL RESOURCES. CRADLE BEACH'S GROWING COMMUNITY OUTREACH AND PREMIER LOCATION ON THE SHORES OF LAKE ERIE SURROUNDED BY NATURE AND BEAUTY, HAS FOSTERED INCREASED PARTNERSHIPS AND COLLABORATIONS FROM THE CITY OF BUFFALO, SUBURBS AND SOUTH TOWNS COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Floss President | OfficerTrustee | 5 | $0 |
Randy C Fahs ESQ Vice President | OfficerTrustee | 5 | $0 |
Monica Peoples PHD Secretary | OfficerTrustee | 5 | $0 |
Elizabeth Sterns Treasurer | OfficerTrustee | 2 | $0 |
James W Cornell Trustee | Trustee | 2 | $0 |
Sara M Dayton CPA Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $45,453 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $49,373 |
| All other contributions, gifts, grants, and similar amounts not included above | $864,800 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $959,626 |
| Total Program Service Revenue | $1,004,606 |
| Investment income | $58,503 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$25,793 |
| Net Income from Fundraising Events | $240,851 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,237,793 |
| 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. | $143,738 |
| Compensation of current officers, directors, key employees. | $11,065 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $947,602 |
| Pension plan accruals and contributions | $7,574 |
| Other employee benefits | $60,648 |
| Payroll taxes | $80,685 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,660 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,880 |
| Fees for services: Other | $206,410 |
| Advertising and promotion | $11,538 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $79,970 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,409 |
| Interest | $4,372 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $236,411 |
| Insurance | $104,552 |
| All other expenses | $44,621 |
| Total functional expenses | $2,315,551 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $163,391 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $575,045 |
| 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 | $18,279 |
| Net Land, buildings, and equipment | $4,031,939 |
| Investments—publicly traded securities | $1,184,158 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $255,543 |
| Total assets | $6,228,355 |
| Accounts payable and accrued expenses | $76,295 |
| 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 | $195,772 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $272,067 |
| Net assets without donor restrictions | $5,674,750 |
| Net assets with donor restrictions | $281,538 |
| 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 | $6,228,355 |