Skaneateles Recreational Charitable Tr
- Assets
- $9.7m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Skaneateles, NY
- Founding
- 01/1999
- Data as of
- 06/2023
- EIN
- 16-1556744
Organization Overview
Skaneateles Recreational Charitable Tr is located in Skaneateles, NY. The organization was established in 1999. According to its NTEE Classification (O11) the organization is classified as: Single Organization Support, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Skaneateles Recreational Charitable Tr 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 06/2023, Skaneateles Recreational Charitable Tr generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 23.0% each year . All expenses for the organization totaled $974.2k during the year ending 06/2023. While expenses have increased by 13.2% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
EXPANDING AND IMPROVING UPON THE EXISTING COMMUNITY RECREATIONAL FACILITIES AVAILABLE TO THE CITIZENS OF SKANEATELES, NEW YORK. THE ORGANIZATION'S PRIMARY FOCUS IS TO ACT AS A FUND RAISING AND CONSTRUCTION ENTITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPANDING AND IMPROVING UPON THE EXISTING COMMUNITY RECREATIONAL FACILITIES AVAILABLE TO THE CITIZENS OF SKANEATELES, NEW YORK. THE ORGANIZATION'S PRIMARY FOCUS IS TO ACT AS A FUND RAISING AND CONSTRUCTION ENTITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Marquardt Chairman | OfficerTrustee | 1 | $0 |
Stacy Seiler Trustee Until April 2023 | Trustee | 1 | $0 |
Joanne Cross Trustee | Trustee | 1 | $0 |
Michael Besaw Treasurer | OfficerTrustee | 1 | $0 |
Charles Wallace Trustee | Trustee | 1 | $0 |
William F Allyn Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wts International Property Management Services | 6/29/23 | $480,000 |
Clean All Resurfacing Pool | 6/29/23 | $141,700 |
Comfort Systems Usa Hvac Installation | 6/29/23 | $232,047 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,442,444 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,442,444 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $1,452,222 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,245 |
| Fees for services: Accounting | $1,780 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,738 |
| Advertising and promotion | $8,750 |
| Office expenses | $452,170 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $346,854 |
| Insurance | $24,251 |
| All other expenses | $0 |
| Total functional expenses | $974,231 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $290,484 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,944 |
| 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 | $296,358 |
| Net Land, buildings, and equipment | $9,119,720 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,742,506 |
| Accounts payable and accrued expenses | $291,451 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $291,451 |
| Net assets without donor restrictions | $9,338,660 |
| Net assets with donor restrictions | $112,395 |
| 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 | $9,742,506 |