Cass County Carousel INC EIN 35-1282602 Form 990 (PDF) Claim this org

Cass County Carousel INC FY2021 filing

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Operates amusement devices for the welfare and enjoyment of local children. For fiscal year 2021 it reported $54K in revenue, $61K in expenses, and $618K in net assets.Pt I

Type
Public charity (501(c)(3)) · Recreation & Sports
Location
Logansport, IN
Website
www.casscountycarousel.com
Filings
5 on file (2021–2021)
Revenue
$54KFY2021
Expenses
$61K
Net assets
$618K
People
9
Filings
5
Updates
0
More identity details & actions ⌄
EIN  35-1282602 Public charity (501(c)(3)) Logansport, IN
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Operates amusement devices for the welfare and enjoyment of local children.
Leadership
Dan Williams · President
Money in and out
$54K revenue, $61K expenses
Bottom line
97% program efficiency
Where the money goes · FY2021
Total revenue
$54K
Pt VIII · Ln 12
Total expenses
$61K
Pt IX · Ln 25
Net assets
$618K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$7K
Where spending went · Part IX cols B–D
Program services $0.97 Management & general $0.03
Program efficiency
97%
of spending reaches programs
Operating runway
58.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
-13%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$54K
FY2021
Expenses
$61K
FY2021
Total assets
$618K
FY2021
Total liabilities
$544
FY2021
Total revenue
$54K
Pt VIII · Ln 12
Total expenses
$61K
Pt IX · Ln 25
Net assets
$618K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$7K
Total assetsPt X · Ln 16$618K
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCass County Carousel INC
EINHdr · item D35-1282602
Principal addressHdr · item CLogansport, IN
WebsiteHdr · item Jwww.casscountycarousel.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFRecreation & Sports (N32Z)
Ruling yearIRS BMFApr 1973

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Cass County Carousel INC executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $59K of program spending, described in the organization's own filed words · FY2020.
01

Numerous children in the logansport area enjoyed the carousel and train

$59Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$16K · 31%
Investment income$14K · 26%
Other revenue$13K · 25%
Contributions & grants$10K · 19%
Program service revenue31%$16K
Investment income26%$14K
Other revenue25%$13K
Contributions & grants19%$10K
Total revenueLn 12$54K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Management & general $0.03
Program services97%$59K
Management & general3%$2K
Total functional expensesLn 25$61K

Balance Sheet

Part X · end of year
CashLn 1$16K
Total assetsLn 16$618K
Total liabilitiesLn 26$544
Total net assetsLn 32$618K
Months of cash on handcomputed3.1

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $299K · Operating expenses/yr $61K
58.8 months
Where the money goes
Program services
Program services $59K · Total expenses $61K
97%
Management & General
Management & general $2K · Total expenses $61K
3%
Fundraising
Fundraising $0 · Total expenses $61K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $10K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $10K · Total revenue $54K
19%
Government reliance
Government grants — · Total revenue $54K
Earned-income share
Program service revenue $16K · Total revenue $54K
31%
Investment reliance
Investment income $14K · Total revenue $54K
+26%
Program self-sufficiency
Program service revenue $16K · Total expenses $61K
27%
Growth & trend
Revenue growth (YoY)
This year $54K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $618K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $54K · Expenses $61K
-13%
Liabilities-to-Assets
Total liabilities — · Total assets $618K
Net-asset ratio
Net assets $618K · Total assets $618K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $284K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $618K
46%
People & payroll
Highest Reported Total Compensation
Individual Dan Williams · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $61K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $18K · Total expenses $61K
29%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 97%
Overhead ratio 3%
Fundraising cost ratio 0%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$6K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$174K revenue · ⤓ 990 PDF
FY2024$110K revenue · ⤓ 990 PDF
FY2023$73K revenue · ⤓ 990 PDF
FY2022$77K revenue · ⤓ 990 PDF
FY2021$54K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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