Greenwood Community & Recreation Center Inc
- Assets
- $765.9k
- Revenue
- $503.9k
- Investments
- $0.0
- Employees
- 7
- Location
- Greenwood, MS
- Founding
- 06/1991
- Data as of
- 12/2021
- EIN
- 64-0794807
Organization Overview
Greenwood Community & Recreation Center Inc is located in Greenwood, MS. The organization was established in 1991. According to its NTEE Classification (N31) the organization is classified as: Community Recreational Centers, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Greenwood Community & Recreation Center Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greenwood Community & Recreation 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, Greenwood Community & Recreation Center Inc generated $503.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $245.3k during the year ending 12/2021. While expenses have increased by 7.5% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PHYSICAL FITNESS AND EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
ATHTLETIC EVENTS AND PROGRAMS TO PROMOTE WELLNESS AND COMMUNITY SERVICES SUCH AS DANCES & OTHER SOCIAL EVENTS TO HELP PROMOTE IMPORTANCE OF DISCIPLINE AND QUALITY OF LIFE. EDUCATIONAL SERVICES, SUCH AS TEENS AGAINST PREMATURE PREGNANCY, HELP PROMOTE THE IMPORTANCE OF ABSTINANCE AMONG TEENS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry K Johnson President | Trustee | 30 | $52,622 |
Name Not Listed Vice President | 0 | $0 | |
Name Not Listed Secretary & Treasurer - Di | 0 | $0 | |
Name Not Listed Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,720 |
| Investment income | $905 |
| 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 | $430,152 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $503,851 |
| 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. | $52,622 |
| Compensation to disqualified persons | $11,029 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,919 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,110 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,846 |
| Office expenses | $3,308 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,400 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $332 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,489 |
| Insurance | $8,245 |
| All other expenses | $0 |
| Total functional expenses | $245,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,803 |
| Savings and temporary cash investments | $423,345 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $370 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,980 |
| Total assets | $765,879 |
| Accounts payable and accrued expenses | $13,998 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $13,998 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $751,881 |