Cedar River Recreation & Fine Arts
- Assets
- $10.7m
- Revenue
- $941.8k
- Investments
- $0.0
- Employees
- 65
- Location
- Osage, IA
- Founding
- 05/2011
- Data as of
- 06/2023
- EIN
- 20-8620108
Organization Overview
Cedar River Recreation & Fine Arts is located in Osage, IA. The organization was established in 2011. According to its NTEE Classification (N31) the organization is classified as: Community Recreational Centers, under the broad grouping of Recreation & Sports and related organizations. As of 06/2023, Cedar River Recreation & Fine Arts employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cedar River Recreation & Fine Arts 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, Cedar River Recreation & Fine Arts generated $941.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $1.5m during the year ending 06/2023. While expenses have increased by 2.9% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A MULTI-FACETED RECREATION FACILITY TO THE COMMUNITY, INCLUDING AN EVENTS CENTER, WELLNESS CENTER, THE MITCHELL COUNTY HISTORICAL MUSEUM AND AN AUDITORIUM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WELLNESS CENTER-PROVIDES A MULTI-FACETED RECREATION FACILITY TO THE COMMUNITY
ALL OTHER PROGRAM SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicole Dodd Director | Trustee | 40 | $47,366 |
Steve Cooper President | OfficerTrustee | 1 | $0 |
Ross Grafft Board Member | OfficerTrustee | 1 | $0 |
Marlene Norby Secretary | OfficerTrustee | 1 | $0 |
Kelsey Jensen Board Member | Trustee | 1 | $0 |
Greg Smalley Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $306,747 |
| Fundraising events | $0 |
| Related organizations | $249,997 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $66,407 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $623,151 |
| Total Program Service Revenue | $0 |
| Investment income | $20,321 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $90,200 |
| 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 | $941,817 |
| 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. | $47,366 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $368,680 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,779 |
| Payroll taxes | $31,431 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $150 |
| Office expenses | $0 |
| 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 | $372,429 |
| Insurance | $52,776 |
| All other expenses | $163,928 |
| Total functional expenses | $1,453,229 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,728 |
| Savings and temporary cash investments | $942,629 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $9,711,404 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,747,761 |
| Accounts payable and accrued expenses | $0 |
| 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 | $9,331 |
| Total liabilities | $9,331 |
| Net assets without donor restrictions | $10,738,430 |
| 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 | $10,747,761 |