Silver Beach Carousel Society Inc

Organization Overview

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.

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.


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Board, Officers & Key Employees

Name (title)Compensation
Gus Damaske
Vp/treasurer
$0
Suz Schalon
President
$0
Pam Kantor
Secretary
$0
Matthew Shine
Member
$0
Patricia Fisk
Member
$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$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

Grants Awarded

Over the last fiscal year, Silver Beach Carousel Society Inc has awarded $17,162 in support to 2 organizations.

Grant RecipientAmount

LAKELAND REGIONAL HEALTH SYSTEMMARIE YEAGER CANCER CENTER

Org PageRecipient Profile

Saint Joseph, MI

|

$8,581

BERRIEN COUNTY CANCER SERVICE INC

Org PageRecipient Profile

St Joseph, MI

|

$8,581
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Silver Beach Carousel Society Inc has recieved totaling $10,000.

Awarding OrganizationAmount
Berrien Community Foundation Inc

St Joseph, MI

PURPOSE: OPERATIONAL SUPPORT

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$111,532
Earnings$16,490
Admin Expense$999
Ending Balance$126,723

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