Cass County Carousel INC FY2024 filing

Tax-deductible

Logansport, IN501(c)(3)Recreation & SportsEIN 35-1282602Revenue $110K in FY2024

On file with the IRScasscountycarousel.com1 Dentzel St, 46947-7009 · Logansport, INTax-exempt since Apr 1973Publicly supported — 509(a)(2)

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To own, control, maintain, and operate amusement devicses for the welfare, benefit, and enjoyment of the children of the logansport indiana area and to DO such activities as are necessary for these purposes.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $17K a year · 17% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$334
0.05% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$110K
+51% vs prior year
Spent
$99K
To programs
95%
Net assets
$618K
By yearFY2021–FY2025
Revenue
$110K
FY2024▲ +51%
Tap a bar for its year
Revenue by fiscal year
FY2021$54K
FY2022$77K
FY2023$73K
FY2024$110K
FY2025$174K
Expenses
$99K
FY2024▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2021$61K
FY2022$74K
FY2023$86K
FY2024$99K
FY2025$85K
Net assets
$618K
FY2024▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2021$618K
FY2022$620K
FY2023$607K
FY2024$618K
FY2025$708K

From the FY2024 Form 990 (year ending May 2024) · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1973.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $95K Management & general 5% · $4K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 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
Director of
$0Pt VII · Sec A
See Cass County Carousel INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Operates amusement devices for the welfare and enjoyment of local children.

Questions for Cass County Carousel INC

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Provided by the organization

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1 program · $95K · in their own filed words · FY2023
01

Numerous children in the logansport area enjoyed the carousel and train

$95Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

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

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$110K
Ln 12
Investment incomeLn 3$39K
Gifts and grantsLn 1h$35K
Fees for servicesLn 2g$30K
Money outPt IX
$99K
Ln 25
Programscol B$95K
Managementcol C$4K
Owns and owesPt X
$618K
net assets · Ln 32
Cash and savingsLn 1–2$27K
Total assetsLn 16$619K
LiabilitiesLn 26$334
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$35K
Fees for servicesLn 2g$30K
Investment incomeLn 3$39K
Other incomeLn 4–11$7K
Gains on assetsLn 7$32K
Total revenueLn 12$110K
Assets in detailPt X, end of year
CashLn 1$20K
SavingsLn 2$7K
Cash and savings togetherLn 1–2$27K
InvestmentsLn 11–13$321K
Land, buildings, equipmentLn 10c$247K
Other assetsLn 15$18K
Total assetsLn 16$619K
LiabilitiesLn 26$334
Net assetsLn 32$618K
OperationsPt I, VI
EmployeesI 518
VolunteersI 615
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$34K$27K
InvestmentsLn 11–13$305K$321K
Land, buildings, equipmentLn 10c$267K$247K
Total assetsLn 16$608K$619K
LiabilitiesLn 26$544$334
Net assetsLn 32$607K$618K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$30K$30K
Payroll taxesLn 10$3K$3K
Accounting feesLn 11c$986$986
Advertising and promotionLn 12$380$380
Office expensesLn 13$2K$2K$57
Information technologyLn 14$2K$2K
OccupancyLn 16$4K$4K
Depreciation, depletion and amortizationLn 22$21K$21K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$26K$23K$3K
All other expensesLn 24e$1K$729$403
Total functional expensesLn 25$99K$95K$4K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $174K$85K$90K$708K 990 PDF
FY2024 Viewing $110K$99K$11K$618K 990 PDF
FY2023 $73K$86K−$13K$607K 990 PDF
FY2022 $77K$74K$3K$620K 990 PDF
FY2021 $54K$61K−$7K$618K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $110,313 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $13,281$34,725
I-9 Program service revenuePrior year $35,600$29,819
I-10 Investment incomePrior year $13,356$38,638
I-11 Other revenuePrior year $10,743$7,131
I-12 Total revenuePrior year $72,980$110,313
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $33,825$33,189
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $52,332$66,255
I-18 Total expensesPrior year $86,157$99,444
I-19 Revenue less expensesPrior year −$13,177$10,869
Part VI · Governance 7 of 7 board members independent, 5 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $110,313 across 8 lines filed
Lines not itemized here account for $2,545 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$34,725
VIII-1h Total contributions, gifts and grants$34,725
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $29,819$29,819
VIII-3 Investment incomeExcluded from tax $6,188$6,188
VIII-7 Net gain or loss on sales of assetsRelated to mission $24,047 · Excluded from tax $8,403$32,450
VIII-8 Net income from fundraising events$2,097
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,489$2,489
VIII-12 Total revenueRelated to mission $56,355 · Excluded from tax $17,136$110,313
Part IX · Statement of functional expenses $99,444 across 11 lines filed
IX-7 Other salaries and wagesPrograms $30,440$30,440
IX-10 Payroll taxesPrograms $2,749$2,749
IX-11c Accounting feesManagement $986$986
IX-12 Advertising and promotionPrograms $380$380
IX-13 Office expensesPrograms $1,821 · Management $57$1,878
IX-14 Information technologyPrograms $1,948$1,948
IX-16 OccupancyPrograms $3,923$3,923
IX-22 Depreciation, depletion and amortizationPrograms $20,682$20,682
IX-23 InsurancePrograms $8,956$8,956
IX-24 Other expenses (24a–d)Programs $23,337 · Management $3,033$26,370
IX-24e All other expensesPrograms $729 · Management $403$1,132
IX-25 Total functional expensesPrograms $94,965 · Management $4,479 · Fundraising $0$99,444
Part X · Balance sheet $618,518 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $27,904$20,300
X-2 Savings and temporary cash investmentsStart of year $5,848$6,504
X-8 Inventories for sale or useStart of year $2,023$5,963
X-10c Land, buildings and equipment, netStart of year $267,284$246,602
X-11 Publicly traded securitiesStart of year $304,800$321,439
X-15 Other assets$17,710
X-16 Total assetsStart of year $607,859$618,518
X-25 Other liabilitiesStart of year $544$334
X-26 Total liabilitiesStart of year $544$334
X-32 Total net assets or fund balancesStart of year $607,315$618,184
X-33 Total liabilities and net assetsStart of year $607,859$618,518
Part XI · Reconciliation of net assets $618,184 net assets at year end
XI-1 Total revenue$110,313
XI-2 Total expenses$99,444
XI-3 Revenue less expenses$10,869
XI-4 Net assets at start of year$607,315
XI-10 Net assets at end of year$618,184

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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