Castle Park Assn
- Assets
- $1.8m
- Revenue
- $649.1k
- Investments
- $0.0
- Employees
- 14
- Location
- Holland, MI
- Founding
- 02/1943
- Data as of
- 12/2023
- EIN
- 38-0405905
Organization Overview
Castle Park Assn is located in Holland, MI. The organization was established in 1943. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Castle Park Assn employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Castle Park Assn is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Castle Park Assn generated $649.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $571.7k during the year ending 12/2023. While expenses have increased by 4.3% per year over the past 9 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
THE ORGANIZATION'S EXEMPT PURPOSE IS TO PROVIDE SOCIAL AND RECREATIONAL OPPORTUNITIES FOR MEMBERS. VARIOUS SERVICES AND FACILITIES ARE MADE AVAILABLE TO MEMBERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES RELATED TO VARIOUS PROGRAMS & SERVICES OFFERED TO MEMBERS AND THEIR GUESTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joy Fossel President | OfficerTrustee | $0 | |
Chip Allen Vice Preside | OfficerTrustee | $0 | |
Judy Kernahan Secretary | OfficerTrustee | $0 | |
Connie Burton Director | Trustee | $0 | |
Ben Conant Director | Trustee | $0 | |
Tim Griffin Director | Trustee | $0 |
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 | $95,319 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $95,319 |
| Total Program Service Revenue | $552,347 |
| Investment income | $2,552 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,102 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $649,116 |
| 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 | $229,752 |
| Pension plan accruals and contributions | $7,917 |
| Other employee benefits | $2,500 |
| Payroll taxes | $19,705 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,592 |
| 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 | $11,375 |
| Information technology | $4,674 |
| Royalties | $0 |
| Occupancy | $28,592 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,328 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $104,482 |
| Insurance | $45,513 |
| All other expenses | $7,987 |
| Total functional expenses | $571,659 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $254,084 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $183 |
| 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 | $1,589,801 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,844,068 |
| Accounts payable and accrued expenses | $805 |
| 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 | $109,199 |
| Unsecured mortgages and notes payable | $15,696 |
| Other liabilities | $4,594 |
| Total liabilities | $130,294 |
| Net assets without donor restrictions | $1,713,788 |
| Net assets with donor restrictions | -$14 |
| 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 | $1,844,068 |