Cottonwood Heights Recreation Center Foundation
- Assets
- $148.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 01/1990
- Data as of
- 12/2022
- EIN
- 87-0468532
Organization Overview
Cottonwood Heights Recreation Center Foundation is located in Salt Lake City, UT. The organization was established in 1990. According to its NTEE Classification (N31) the organization is classified as: Community Recreational Centers, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cottonwood Heights Recreation Center Foundation 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 12/2022, Cottonwood Heights Recreation Center Foundation generated $35.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (12.7%) each year. All expenses for the organization totaled $36.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION PROVIDES GRANTS AND SPONSORSHIPS TO ORGANIZATIONS AND TO LESS-ABLED INDIVIDUALS, BOTHE PHYSICALLY AND/OR FINANCIALLY, TO ALLOW THEM TO PARTICIPATE IN THE COTTONWOOD HEIGHTS RECREATIONS CENTER'S FACILITIES AS WELL AS OTHER BOARD-APPROVED PROJECTS AND EVENTS
Describe the Organization's Program Activity:
Part 3
THE FOUNDATION SPONSORS A RECREATION CENTER SWIM TEAM. 25,862 WAS SPECIFICALLY DONATED IN 2020 TO GO TOWARDS PURCHASING A VIDEO DISPLAY BOARD THIS IS A DOWN PAYMENT ON THE DISPLAY BOARD, AND IT WILL HOPEFULLY BE DELIVERED IN 2021. ON 12/31/2021, THE 25861.50 WAS CLASSIFIED ON THE BALANCE SHEET AS AN ASSET
O
THE FOUNDATION SPONSORS A RECREATION CENTER WATER POLO TEAM. THROUGHTOUT THE YEAR, THE FOUNDATION ALSO HELPS SPONSORS A FUNDRAISER IN ORDER TO RAISE FUNDS FOR THE FOUNDATION AND THE WATER POLO TEMA
IN ACCORDANCE WITH THE FOUNDATION'S MISSION, GRANT AND SPONSORSHIPS ARE PROVIDED TO ORGANIZATIONS AND TO THE LESS-ABLED INDIVIDUALS, BOTH PHYSICALLY AND/OR FINANCIALLY, TO ALLOW THEM TO PARTICIPATE IN THE PARKS OR RECREATION CENTER AS WELL AS OTHER BOARD-APPROVED PROJECTS. SPONSORSHIPS/DONATIONS WERE GIVEN TO ORGANIZATIONS AND INDIVIDUALS DURING 2020
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benjamin Hill Director | 1 | $0 | |
Patti Hansen Board Member | 1 | $0 | |
Earl Hopkin Board Member | 1 | $0 | |
Daniel Morzelewski Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,188 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $24 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $9,284 |
| Other Revenue | $0 |
| Total Revenue | $35,496 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,562 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $12,605 |
| Total expenses | $36,698 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $102,821 |
| Other assets | $0 |
| Total assets | $148,068 |
| Total liabilities | $1,020 |
| Net assets or fund balances | $147,048 |