Carroll County Wabash & Erie Canal Inc
- Assets
- $715.4k
- Revenue
- $231.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Delphi, IN
- Founding
- 01/1975
- Data as of
- 12/2022
- EIN
- 23-7291289
Organization Overview
Carroll County Wabash & Erie Canal Inc is located in Delphi, IN. The organization was established in 1975. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Carroll County Wabash & Erie Canal Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carroll County Wabash & Erie Canal 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 12/2022, Carroll County Wabash & Erie Canal Inc generated $231.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $354.9k during the year ending 12/2022. While expenses have increased by 10.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CARROLL COUNTY WABASH & ERIE CANAL'S MISSION IS TO PROVIDE OUR VISITORS WITH INFORMATION ABOUT THE WABASH AND ERIE CANAL AND OFFER EDUCATIONAL OPPORTUNITIES FOR ALL AGES ABOUT THE CANAL ERA IN INDIANA AND ITS IMPORTANCE TO INDIANA HISTORY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION OFFERS NARRATED RIDES ON A REPLICA CANAL BOAT PLUS PERIOD REPLICA BUILDINGS AND STRUCTURES OFFERING MORE INTERPRETIVE EXPERIENCES FOR PARK VISITORS. FACILITIES INCLUDE A ONE ROOM SCHOOL HOUSE AND RESTORED CANAL ERA HOME, AMONG OTHERS. AREA SCHOOLS FREQUENTLY TAKE THE OPPORTUNITY TO HAVE THEIR STUDENTS TOUR THE FACILITIES TO HELP REINFORCE WHAT IS TAUGHT ABOUT THE CANAL ERA IN INDIANA HISTORY.
THE INTERPRETIVE CENTER OFFERS A MUSEUM FOR USE BY SCHOOL TOUR GROUPS AND THE COMMUNITY AT LARGE. THE MUSEUM PRESENTS CANAL HISTORY IN AN INTERACTIVE FORMAT TO BEST ENABLE GUESTS TO RETAIN INFORMATION PRESENTED REGARDING THE HISTORY OF THE CANAL. THE CENTER IS ALSO USED FOR MANY FAMILY OUTINGS AND GROUP MEETINGS FOR SERVICE ORGANIZATIONS WHICH HEIGHTENS COMMUNITY AWARENESS OF WHAT IS OFFERED.
PROGRAMS OFFERED THROUGHOUT THE YEAR INCLUDE "CANAL DAYS- AND "OLD FASHIONED CHRISTMAS" WHICH OFFER THE OPPORTUNITY TO ENJOY "OLD TIME" ACTIVITIES, INCLUDING HOMEMADE FOOD, PERIOD CRAFTSMAN AND ART. THESE EVENTS GENERATE SIGNIFICANT INTEREST FROM POTENTIAL DONORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Ayres President | OfficerTrustee | 2 | $0 |
Linda Cooper Vice Preside | OfficerTrustee | 2 | $0 |
Karen Bradshaw Secretary | OfficerTrustee | 2 | $0 |
Bill Lapcheska Treasurer | OfficerTrustee | 2 | $0 |
Dan Mccain Director | Trustee | 1 | $0 |
Hannah Gibson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $9,394 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $159,807 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $185,701 |
| Total Program Service Revenue | $77,604 |
| Investment income | $8,757 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,500 |
| Net Gain/Loss on Asset Sales | -$48,251 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $231,103 |
| 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 | $117,366 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,150 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,134 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,056 |
| Office expenses | $4,413 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,442 |
| Travel | $768 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $602 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $23,744 |
| All other expenses | $10,028 |
| Total functional expenses | $354,876 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,637 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $847 |
| 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 | $232,503 |
| Investments—publicly traded securities | $476,434 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $715,421 |
| Accounts payable and accrued expenses | $2,236 |
| Grants payable | $0 |
| Deferred revenue | $52,079 |
| 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 | $91,837 |
| Total liabilities | $146,152 |
| Net assets without donor restrictions | $383,587 |
| Net assets with donor restrictions | $185,682 |
| 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 | $715,421 |