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Nonprofiteer
← THE FLYING HORSES CAROUSEL FOUNDATION INC

Form 990 for tax year 2022

Filed by THE FLYING HORSES CAROUSEL FOUNDATION INC.

Totals

Total revenue
$489,463
Total expenses
$502,880
Contributions and grants received
$4,751
Grants paid
$0
Program service revenue
$462,404
Investment income
$0
Other revenue
$22,308
Total assets, end of year
$426,033
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$426,033
Program services expenses (Part IX)
$413,913
Management and general expenses
$88,967
Fundraising expenses
$0
Program service expenses (Part III)
$413,913

Program services were 82.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $4,751

  • 2a · Program service revenue: TICKETS AND CONCESSION

    total $433,570 · related or exempt $433,570

  • 2b · Program service revenue: NET AMUSEMENT INCOME

    total $28,834 · related or exempt $28,834

  • 10a · Gross sales of inventory

    $68,767

  • 10b · Cost of goods sold

    $46,461

  • 10c · Net income from sales of inventory

    total $22,306 · related or exempt $22,306

  • 11a · Other revenue: OTHER INCOME

    total $2 · related or exempt $2

  • 11e · Other revenue, total

    $2

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $197,996 · program services $197,996

  • 10 · Payroll taxes

    total $31,400 · program services $31,400

  • 11c · Fees: accounting

    total $3,855 · program services $3,855

  • 12 · Advertising and promotion

    total $1,327 · program services $1,327

  • 13 · Office expenses

    total $2,876 · program services $1,438 · management and general $1,438

  • 16 · Occupancy

    total $7,171 · program services $7,171

  • 17 · Travel

    total $1,033 · program services $1,033

  • 22 · Depreciation, depletion and amortization

    total $3,603 · program services $3,603

  • 23 · Insurance

    total $45,202 · program services $45,202

  • 24a · Other expenses: MANAGEMENT FEE

    total $160,000 · program services $80,000 · management and general $80,000

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $30,320 · program services $30,320

  • 24c · Other expenses: FEES AND LICENSES

    total $15,058 · program services $7,529 · management and general $7,529

  • 24d · Other expenses: TELEPHONE

    total $2,742 · program services $2,742

  • 24e · All other expenses

    total $297 · program services $297

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $398,793 · end of year $399,733

  • 8 · Inventories for sale or use

    beginning of year $20,236 · end of year $9,230

  • 10a · Land, buildings and equipment: cost or other basis

    $181,634

  • 10b · Land, buildings and equipment: accumulated depreciation

    $164,564

  • 10c · Land, buildings and equipment, net

    beginning of year $20,673 · end of year $17,070

  • 17 · Accounts payable and accrued expenses

    beginning of year $252

  • 25 · Other liabilities

    beginning of year $5,334 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $434,116 · end of year $426,033

Mission and programs · 2022

Mission

MAINTENANCE AND OPERATION OF AN HISTORIC CAROUSEL TO BE ENJOYED BY THE GENERAL PUBLIC.

  • PROGRAM SERVICE REVENUE AND EXPENSES RELATE TO THE OPERATION, PRESERVATION, MAINTENANCE AND MANAGEMENT OF THE NATION'S OLDEST OPERATING PLATFORM CAROUSEL.

    Expenses $413,913

As filed on the 2022 return.

Listed in Part VII

  • John Klein

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth D Mackenty

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Alvin Johnson

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Nancy T Caraboolad

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • NORTH WATER STREET CORPORATION

    C · RENTAL OF PROPERTIES · MA · 76.9% owned

Provenance

Return type
form_990
Tax year
2022
Filed
12 May 2023
IRS schema version
2022v5.0
Source object
202311339349300731

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