Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $111,059

• 2a · Program service revenue: Admissions

  total $7,692,201 · related or exempt $7,692,201

• 2b · Program service revenue: Tree Top Adventures

  total $359,272 · related or exempt $359,272

• 2c · Program service revenue: Bike Rentals

  total $163,386 · related or exempt $163,386

• 2d · Program service revenue: Fishing Revenue

  total $103,923 · unrelated business $103,923

• 2e · Program service revenue: Attractions

  total $25,300 · related or exempt $25,300

• 2f · All other program service revenue

  total $44,990 · related or exempt $44,990

• 3 · Investment income

  total $228,639 · unrelated business $40,396 · excluded $188,243

• 6a · Gross rents

  real property $182,083

• 6b · Less rental expenses

  real property $62,352

• 6c · Rental income or loss

  real property $119,731

• 6d · Net rental income or loss

  total $119,731 · unrelated business $119,731

• 7a · Gross sales of assets other than inventory

  securities $587,392 · other assets $6,710,795

• 7b · Less cost or other basis and sales expenses

  securities $496,916 · other assets $5,874,731

• 7c · Gain or loss

  securities $90,476 · other assets $836,064

• 7d · Net gain or loss

  total $926,540 · related or exempt $926,540

• 10b · Cost of goods sold

  $12,053

• 10c · Net income from sales of inventory

  total -$12,053 · unrelated business -$12,053

• 11a · Other revenue: Recreational Income

  total $321,819 · unrelated business $321,819

• 11b · Other revenue: Lease Payment from CGR-Georgia

  total $34,124 · excluded $34,124

• 11c · Other revenue: Miscellaneous

  total $11,168 · related or exempt $11,168

• 11d · All other revenue

  total -$7,809,989 · excluded -$7,809,989

• 11e · Other revenue, total

  -$7,442,878

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $214,616 · management and general $214,616

• 7 · Other salaries and wages

  total $2,836,805 · program services $1,968,610 · management and general $868,195

• 9 · Other employee benefits

  total $669,520 · program services $147,837 · management and general $521,683

• 11g · Fees: other

  total $252,922 · management and general $252,922

• 12 · Advertising and promotion

  total $1,421,689 · management and general $1,421,689

• 14 · Information technology

  total $152,474 · management and general $152,474

• 16 · Occupancy

  total $466,847 · program services $447,902 · management and general $18,945

• 17 · Travel

  total $12,528 · program services $2,378 · management and general $10,150

• 20 · Interest

  total $114,693 · management and general $114,693

• 22 · Depreciation, depletion and amortization

  total $593,713 · program services $556,330 · management and general $37,383

• 23 · Insurance

  total $419,324 · program services $361,499 · management and general $57,825

• 24a · Other expenses: Supplies

  total $622,498 · program services $577,306 · management and general $45,192

• 24b · Other expenses: Maintenance and Repairs

  total $573,930 · program services $508,879 · management and general $65,051

• 24c · Other expenses: Entertainment

  total $337,956 · program services $330,625 · management and general $7,331

• 24d · Other expenses: Contract Labor

  total $320,841 · program services $299,992 · management and general $20,849

• 24e · All other expenses

  total $579,389 · program services $165,301 · management and general $414,088

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $5,328,307 · end of year $3,242,384

• 2 · Savings and temporary cash investments

  beginning of year $23,993 · end of year $0

• 4 · Accounts receivable

  beginning of year $87,015 · end of year $17,566

• 8 · Inventories for sale or use

  beginning of year $2,024 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $137,047 · end of year $14,808

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

  $36,788,143

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

  $26,470,219

• 10c · Land, buildings and equipment, net

  beginning of year $15,964,102 · end of year $10,317,924

• 11 · Investments: publicly traded securities

  beginning of year $3,724,415 · end of year $3,606,061

• 12 · Investments: other securities

  beginning of year $24,159,612 · end of year $16,868,750

• 15 · Other assets

  beginning of year $227,053 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $2,213,012 · end of year $772,205

• 19 · Deferred revenue

  beginning of year $5,821,540 · end of year $3,136,388

• 22 · Loans and payables to officers and key people

  beginning of year $2,396,117

• 23 · Secured mortgages and notes payable

  beginning of year $1,228,718

• 27 · Net assets without donor restrictions

  beginning of year $22,805,591 · end of year $15,070,932

• 28 · Net assets with donor restrictions

  beginning of year $15,188,590 · end of year $15,087,968

The filer's explanations (Part III)

Part I, Line 1a

The President & CEO is provided housing for the convenience of the employer (Ida Cason Callaway Foundation) and it is as a condition of employment for a period determined by the board. The housing is furnished on the business premises of the employer and is integral to the employer's business and charitable activities.

Part I, Line 6

Bonus is based on a financial result factor on a consolidated basis for the Foundation and its wholly owned subsidiary. Additional factors included in determining bonus amount are individual's performance and team performance factors.

Related corporations and trusts

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

• Callaway Gardens Resort Inc

  C · Lodging and restaurant · GA · 100% owned · share of income -$6,794,907 · share of assets $21,130,564