Mill Race Center Inc
- Assets
- $1.1m
- Revenue
- $1.0m
- Investments
- $588.0
- Employees
- 13
- Location
- Columbus, IN
- Founding
- 05/1958
- Data as of
- 12/2021
- EIN
- 35-1019509
Organization Overview
Mill Race Center Inc is located in Columbus, IN. The organization was established in 1958. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. As of 12/2023, Mill Race Center Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mill Race 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 12/2021, Mill Race Center Inc generated $1.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $744.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.2%) per year over the past 7 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 MAXIMIZE OPPORTUNITIES FOR INDIVIDUALS OVER AGE FIFTY TO LEAD INDEPENDENT, HEALTHY AND MEANINGFUL LIVES.
Describe the Organization's Program Activity:
MEALS ON WHEELS SERVICE IS OFFERED TO SENIOR CITIZEN MEMBERS FOR A FEE.
VARIOUS PROGRAMS PUT ON SENIOR CENTER SERVICES THROUGHOUT THE YEAR.
SENIOR CENTER CLUB OFFERS VARIOUS ACTIVITIES AND SOCIAL EVENTS TO MEMBERS.
THE ORGANIZATION OFFERS TOURS AND TRIPS TO SENIOR CITIZEN MEMBERS THROUGHOUT THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Mustard Executive Director | Trustee | 40 | $92,230 |
Josh Shelley Vice President | OfficerTrustee | 5 | $0 |
Lynne Hyatt Board Member | Trustee | 5 | $0 |
Marla Satterfield President | OfficerTrustee | 5 | $0 |
Bob Weimer Secretary Treasurer | OfficerTrustee | 5 | $0 |
Larry Rowe Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $502,582 |
| Investment income | $1,071 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $135,289 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,502 |
| Net Income from Gaming Activities | $530 |
| Net Income from Sales of Inventory | $23,466 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,035,024 |
| Statement of Expenses | |
|---|---|
| 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. | $91,019 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $88,492 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,636 |
| Payroll taxes | $28,227 |
| 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 | $26,701 |
| Advertising and promotion | $24,081 |
| Office expenses | $15,932 |
| Information technology | $23,416 |
| Royalties | $0 |
| Occupancy | $12,370 |
| Travel | $8,407 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,146 |
| Interest | $537 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,536 |
| Insurance | $16,877 |
| All other expenses | $0 |
| Total functional expenses | $744,424 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,682 |
| Savings and temporary cash investments | $150,084 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $231,790 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $19,896 |
| Prepaid expenses and deferred charges | $9,166 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $588 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,136,125 |
| Accounts payable and accrued expenses | $38,743 |
| Grants payable | $0 |
| Deferred revenue | $29,888 |
| 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 | $6,685 |
| Other liabilities | $0 |
| Total liabilities | $75,316 |
| Net assets without donor restrictions | $1,057,398 |
| Net assets with donor restrictions | $3,411 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,060,809 |