Salems Riverfront Carousel Inc
- Assets
- $385.6k
- Revenue
- $360.2k
- Investments
- $135.5k
- Employees
- 13
- Location
- Salem, OR
- Founding
- 04/1998
- Data as of
- 12/2021
- EIN
- 91-1815668
Organization Overview
Salems Riverfront Carousel Inc is located in Salem, OR. The organization was established in 1998. 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 12/2021, Salems Riverfront Carousel Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salems Riverfront Carousel 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, Salems Riverfront Carousel Inc generated $360.2k 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 (3.7%) each year. All expenses for the organization totaled $377.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE QUALITY OF LIFE IN THE WILLAMETTE VALLEY BY INVIGORATING COMMUNITY COHESIVENESS, FOSTERING CULTURAL AND EDUCATIONAL OPPORTUNITIES, CREATING A LIVING HISTORY AND INCREASING TOURISM.
Describe the Organization's Program Activity:
SALEM'S RIVERFRONT CAROUSEL (THE CAROUSEL) IMPROVED THE QUALITY OF COMMUNITY LIFE IN OREGON BY OPERATING A BUILDING WHICH HOUSES A BEAUTIFUL HANDCARVED WOODEN CAROUSEL THAT ADULTS AND CHILDREN OF ALL AGES ENJOY. OPERATIONS FOR 2021 INCLUDED THE MAINTENANCE OF THE CAROUSEL AND THE CAROUSEL BUILDING AS WELL AS PROVIDING PAID CAROUSEL RIDES, FREE RIDES ON CHRISTMAS DAY AND NEW YEARS DAY, FREE RIDES FOR THE DISABLED AND FREE RIDES TO MILITARY FAMILIES. IN ADDITION THE CAROUSEL HOSTED COMMUNITY EVENTS, INCLUDING SANTA'S ARRIVAL BY TRAIN (WITH THE HELP OF PORTLAND WESTERN RAILROAD). THE CAROUSEL HOSTED BIRTHDAY PARTIES, PRIVATE AFTER HOURS EVENTS AND TOURS/GROUP VISITS THROUGHOUT THE YEAR TO THE EXTENT POSSIBLE GIVEN THE COVID-19 PANDEMIC LIMITATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marie Bradford-Blevins Executive Dir. | Trustee | 40 | $84,803 |
Susan Thompson Vice President | OfficerTrustee | 1 | $0 |
Cassandra Ferder Chairman | OfficerTrustee | 1 | $0 |
Tom Rohlfing Chairman | OfficerTrustee | 1 | $0 |
Darr Goss Director | Trustee | 1 | $0 |
Don Herman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $59,885 |
| All other contributions, gifts, grants, and similar amounts not included above | $189,127 |
| Noncash contributions included in lines 1a–1f | $75,531 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $249,012 |
| Total Program Service Revenue | $97,597 |
| Investment income | $854 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,280 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $11,419 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $360,162 |
| 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. | $84,803 |
| Compensation of current officers, directors, key employees. | $25,441 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $99,616 |
| Pension plan accruals and contributions | $4,816 |
| Other employee benefits | $12,411 |
| Payroll taxes | $12,811 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,173 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $374 |
| Advertising and promotion | $6,598 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,034 |
| 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 | $15,227 |
| Insurance | $14,809 |
| All other expenses | $4,508 |
| Total functional expenses | $377,455 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,854 |
| Savings and temporary cash investments | $1,035 |
| Pledges and grants receivable | $56,317 |
| Accounts receivable, net | $30 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $60,543 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $17,928 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $135,532 |
| Investments—program-related | $0 |
| Intangible assets | $167 |
| Other assets | $38,236 |
| Total assets | $385,642 |
| Accounts payable and accrued expenses | $6,718 |
| 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 | $16,315 |
| Total liabilities | $23,033 |
| Net assets without donor restrictions | $186,620 |
| Net assets with donor restrictions | $175,989 |
| 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 | $385,642 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Salems Riverfront Carousel Inc has recieved totaling $56,475.
| Awarding Organization | Amount |
|---|---|
Oregon Community Foundation Portland, OR PURPOSE: Parks and Recreation | $56,475 |
Endowment Analysis
| Beg. Balance | $115,262 |
| Earnings | $25,535 |
| Admin Expense | $836 |
| Other Expense | $4,429 |
| Ending Balance | $135,532 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Francisco Parks Alliance San Francisco, CA | $18,998,455 | $13,460,764 |
Yosemite Foundation San Francisco, CA | $37,489,073 | $19,130,679 |
California State Parks Foundation San Francisco, CA | $15,437,554 | $10,182,673 |
Twin Falls Canal Company Twin Falls, ID | $15,506,404 | $6,312,715 |
City Fields Foundation San Francisco, CA | $32,251 | $525,011 |
Cherokee Memorial Park Lodi, CA | $30,465,199 | $7,494,218 |
Save Mount Diablo Walnut Creek, CA | $23,107,721 | $3,476,517 |
Crystal Cove Conservancy Newport Coast, CA | $7,212,040 | $4,737,613 |
Roosevelt Memorial Park Asso Gardena, CA | $6,728,586 | $5,961,574 |
Oaks Park Association Portland, OR | $15,243,848 | $2,154,099 |
Oakland Childrens Fairyland Inc Oakland, CA | $2,041,774 | $4,880,926 |
Gage Canal Company Riverside, CA | $3,778,956 | $3,287,704 |