Calico Rock Community Foundation Inc
- Assets
- $464.9k
- Revenue
- $267.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Calico Rock, AR
- Founding
- 06/2010
- Data as of
- 12/2023
- EIN
- 26-2632165
Organization Overview
Calico Rock Community Foundation Inc is located in Calico Rock, AR. The organization was established in 2010. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Calico Rock Community Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Calico Rock Community Foundation 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 12/2023, Calico Rock Community Foundation Inc generated $267.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $269.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 5 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
THE CALICO ROCK COMMUNITY FOUNDATION INC. BRINGS OUR COMMUNITY TOGETHER. THE FOUNDATION OPERATES AND SUPPORTS THE CALICO ROCK MUSEUM & VISITOR CENTER; WORKS TO REVITALIZE OUR COMMUNITY'S ECONOMY THROUGH HISTORIC PRESERVATION ECONOMIC DEVELOPMENT TOURISM AND THE CREATIVE ECONOMY; AND CONDUCTS EDUCATIONAL EXPERIENCES FOR PEOPLE OF ALL AGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CALICO ROCK COMMUNITY FOUNDATION INC. REVITALIZES OUR LOCAL ECONOMY AND COMMUNITY THROUGH HISTORIC PRESERVATION DEVELOPMENT OF NEW ECONOMIC OPPORTUNITIES AND BUSINESS INCUBATION AND THE HISTORIC PRESERVATION OF THE MAIN STREET HISTORIC DISTRICT.
THE CALICO ROCK COMMUNITY FOUNDATION OPERATES THE CALICO ROCK MUSEUM & VISITOR CENTER THROUGH MUSEUM EXHIBITS HISTORICAL DISPLAYS SCIENTIFIC LEARNING STATIONS ART GALLERIES SPECIAL EXHIBITS EVENTS AND OTHER EDUCATIONAL EXPERIENCES. THE MUSEUM TELLS THE STORY OF SCIENCE ART HISTORY AND CULTURE OF THE PEOPLE LIVING IN AND AROUND CALICO ROCK ARKANSAS. THE FOUNDATION OPERATES TWO GIFT SHOPS IN SUPPORT OF OUR MISSION AND OPERATIONS.
THE CALICO ROCK COMMUNITY FOUNDATION INC. IS SUPPORTING OUR COMMUNITY'S ECONOMIC DEVELOPMENT BUSINESS RECRUITMENT AND RETENTION AND COMMUNITY IMPROVEMENT THROUGH OUR MEMBERSHIP IN THE ARKANSAS DOWNTOWN NETWORK AS A MAIN STREET PROGRAM.
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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 | $233,622 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $233,622 |
| Total Program Service Revenue | $0 |
| Investment income | $1,537 |
| 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 | $31,833 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $266,992 |
| 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. | $41,600 |
| Compensation of current officers, directors, key employees. | $41,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $58,115 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Office expenses | $19,746 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,999 |
| Travel | $3,859 |
| 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 | $0 |
| Insurance | $4,664 |
| All other expenses | $117,869 |
| Total functional expenses | $269,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,210 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $48,350 |
| 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 | $245,830 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $60,500 |
| Other assets | $0 |
| Total assets | $464,890 |
| 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 | $13,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $13,000 |
| Net assets without donor restrictions | $451,890 |
| 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 | $464,890 |