Form 990 for tax year 2023
Filed by RECREATION ENCOURAGES COMMUNITY INC.
Totals
- Total revenue
- $263,062
- Total expenses
- $162,586
- Contributions and grants received
- $16,877
- Grants paid
- $0
- Program service revenue
- $150,716
- Investment income
- $95,469
- Other revenue
- $0
- Total assets, end of year
- $2,116,954
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $2,116,954
- Program services expenses (Part IX)
- $154,449
- Management and general expenses
- $8,137
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $154,449
Program services were 95.0% 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
$16,877
-
2a · Program service revenue: JULY 4TH CELEBRATION
total $75,590 · related or exempt $75,590
-
2b · Program service revenue: CONCERTS IN THE PARK
total $67,221 · related or exempt $67,221
-
2c · Program service revenue: JUNETEENTH EVENT
total $7,905 · related or exempt $7,905
-
3 · Investment income
total $68,530 · excluded $68,530
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $26,939
-
7c · Gain or loss
securities $26,939
-
7d · Net gain or loss
total $26,939 · excluded $26,939
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $2,438 · management and general $2,438
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $4,925 · management and general $4,925
-
13 · Office expenses
total $194 · management and general $194
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: JULY 4TH
total $75,590 · program services $75,590
-
24b · Other expenses: Concerts in the Park
total $35,872 · program services $35,872
-
24c · Other expenses: SPONSORSHIPS
total $15,732 · program services $15,732
-
24d · Other expenses: TEEN CENTER
total $13,883 · program services $13,883
-
24e · All other expenses
total $13,952 · program services $13,372 · management and general $580
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $71,265 · end of year $76,742
-
2 · Savings and temporary cash investments
beginning of year $443,264 · end of year $458,972
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
beginning of year $1,501,949 · end of year $1,581,240
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
27 · Net assets without donor restrictions
beginning of year $2,016,478 · end of year $2,116,954
Mission and programs · 2023
Mission
REC Foundation is a non-profit, fundraising corporation committed to creating enhanced programs, places and open spaces for quality recreational experiences in Paso Robles.
-
JULY FOURTH COMMUNITY EVENT
Expenses $75,590 · Revenue $75,590
-
Recreational sponsorships, JUNETEENTH EVENT, MLK EVENT AND IMPROVEMENTS TO THE TEEN CENTER
Expenses $35,877 · Revenue $7,905
-
Concerts in the Park- SPONSORED 9 CONERTS WITH 2100 IN ATTENDANCE per concert.
Expenses $35,872 · Revenue $67,220
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Brandon Medeiros
Honorary
- Total calculated
- $0
- Hours/week
- 0
-
Veronica KralVERONICA KRAL
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Danna StroudDANNA STROUD
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Mike RundstromMIKE RUNDSTROM
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Zach JONES
VICE CHAIRIMAN
- Total calculated
- $0
- Hours/week
- 0.5
-
Kathleen O'Connor
Treasurer
- Total calculated
- $0
- Hours/week
- 1.5
-
Pat Bland
Secretary
- Total calculated
- $0
- Hours/week
- 0.5
-
Cindy PaupCINDY PAUP
vice Chair
- Total calculated
- $0
- Hours/week
- 0.5
-
Christopher TarantoCHRISTOPHER TARANTO
Chairman
- Total calculated
- $0
- Hours/week
- 2
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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 22 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202422669349300302
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