Silver Beach Carousel Society Inc is located in St Joseph, MI. The organization was established in 2000. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Silver Beach Carousel Society Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Silver Beach Carousel Society 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, Silver Beach Carousel Society Inc generated $236.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $285.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO OPERATE AND MAINTAIN THE SILVER BEACH CAROUSEL AND MUSEUM FOR THE ARTISTIC, EDUCATIONAL, AND ENTERTAINMENT BENEFIT OF ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SILVER BEACH CAROUSEL IS MADE UP OF 48 UNIQUE CAROUSEL FIGURES INCLUDING HORSES, TIGERS, A PANDA AND EVEN A CLOWN FISH. A SEA SERPENT CHARIOT IS WHEELCHAIR ACCESSIBLE SO EVERYONE CAN RIDE. THE SILVER BEACH AMUSEMENT PARK MEMORIES ARE PRESERVED BY DISPLAYING MEMORABILIA IN THE ADJACENT MUSEUM.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Gus Damaske Vp/treasurer | OfficerTrustee | 1 | $0 |
Suz Schalon President | OfficerTrustee | 1 | $0 |
Pam Kantor Secretary | OfficerTrustee | 1 | $0 |
Matthew Shine Member | Trustee | 1 | $0 |
Patricia Fisk Member | Trustee | 1 | $0 |
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 | $83,406 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $83,406 |
Total Program Service Revenue | $99,718 |
Investment income | $37,795 |
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 | $16,005 |
Miscellaneous Revenue | $0 |
Total Revenue | $236,924 |
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 | $51,172 |
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 | $4,424 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $10,565 |
Advertising and promotion | $42,817 |
Office expenses | $298 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $68,887 |
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 | $69,496 |
Insurance | $9,800 |
All other expenses | $869 |
Total functional expenses | $285,311 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $129,339 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $84 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $40,291 |
Prepaid expenses and deferred charges | $5,290 |
Net Land, buildings, and equipment | $202,031 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $126,723 |
Total assets | $503,758 |
Accounts payable and accrued expenses | $11,061 |
Grants payable | $0 |
Deferred revenue | $6,770 |
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 | $0 |
Total liabilities | $17,831 |
Net assets without donor restrictions | $364,979 |
Net assets with donor restrictions | $120,948 |
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 | $503,758 |
Over the last fiscal year, Silver Beach Carousel Society Inc has awarded $17,162 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
Saint Joseph, MI | | $8,581 |
St Joseph, MI | | $8,581 |
Over the last fiscal year, we have identified 1 grants that Silver Beach Carousel Society Inc has recieved totaling $10,000.
Awarding Organization | Amount |
---|---|
Berrien Community Foundation Inc St Joseph, MI PURPOSE: OPERATIONAL SUPPORT | $10,000 |
Beg. Balance | $111,532 |
Earnings | $16,490 |
Admin Expense | $999 |
Ending Balance | $126,723 |
Organization Name | Assets | Revenue |
---|---|---|
Rock And Roll Hall Of Fame And Museum Inc Cleveland, OH | $155,983,812 | $52,609,977 |
National Football Museum Inc Canton, OH | $45,241,637 | $30,879,205 |
Cincinnati Museum Center Cincinnati, OH | $282,646,725 | $49,474,377 |
Milwaukee Public Museum Inc Milwaukee, WI | $17,354,362 | $14,883,405 |
Eiteljorg Museum Of American Indians And Western Art Inc Indianapolis, IN | $95,582,001 | $21,664,008 |
Grand Rapids Public Museum Grand Rapids, MI | $9,797,722 | $8,206,945 |
Kalamazoo Aviation History Museum Portage, MI | $17,581,493 | $5,451,685 |
Museum Of African American History Detroit, MI | $6,150,822 | $7,565,645 |
Lake States Dairy Center Inc Fair Oaks, IN | $6,073,141 | $3,616,020 |
Yankee Air Force Incorporated Belleville, MI | $14,568,941 | -$1,519,297 |
Genevieve And Donald S Gilmore Foundation Hickory Corners, MI | $0 | $3,411,516 |
National Whitetail Deer Education Cambridge, OH | $11,521,774 | $3,398,617 |