Community Recreation Center Inc
- Assets
- $3.1m
- Revenue
- $649.0k
- Investments
- $0.0
- Employees
- 9
- Location
- Ithaca, NY
- Founding
- 03/1995
- Data as of
- 06/2021
- EIN
- 16-1313959
Organization Overview
Community Recreation Center Inc is located in Ithaca, NY. The organization was established in 1995. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. As of 06/2021, Community Recreation Center Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Recreation Center 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 06/2021, Community Recreation Center Inc generated $649.0k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $635.0k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SKATING AND OTHER RECREATIONAL FACILITIES FOR PEOPLE LOCATED IN ITHACA, NY AND SURROUNDING AREAS.
Describe the Organization's Program Activity:
THE PURPOSE OF THE CENTER IS TO PROVIDE SKATING AND OTHER RECREATIONAL FACILITIES FOR PEOPLE LOCATED IN ITHACA, NY AND SURROUNDING AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Sevey Secretary | OfficerTrustee | 2 | $0 |
James Sciarabba President | OfficerTrustee | 2 | $0 |
Larry Young Vice President | OfficerTrustee | 2 | $0 |
Andy Sciarabba Treasurer | OfficerTrustee | 2 | $0 |
Steve Colt Board Member | Trustee | 2 | $0 |
Patrick Cummings Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $39,750 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,030 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,780 |
| Total Program Service Revenue | $540,455 |
| Investment income | $13,553 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,859 |
| Net Gain/Loss on Asset Sales | $23,926 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $318 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $648,969 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $224,496 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,586 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,419 |
| Fees for services: Accounting | $10,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,107 |
| Advertising and promotion | $0 |
| Office expenses | $3,165 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $134,061 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $23,574 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $122,477 |
| Insurance | $0 |
| All other expenses | $8,854 |
| Total functional expenses | $634,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $210,750 |
| Savings and temporary cash investments | $0 |
| 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 | $620 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,275,240 |
| Investments—publicly traded securities | $575,158 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $883 |
| Total assets | $3,062,651 |
| Accounts payable and accrued expenses | $255 |
| 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 | $464,859 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,508 |
| Total liabilities | $466,622 |
| Net assets without donor restrictions | $2,596,029 |
| 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 | $3,062,651 |
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