Our Fair Carousel INC FY2021 filing

Tax-deductible

Saint Paul, MN501(c)(3)EIN 41-1631860Revenue $146K in FY2021

On file with the IRSourfaircarousel.org1245 Midway Pkwy, 55103-1061 · Saint Paul, MNTax-exempt since Feb 1994Publicly supported charity — 170(b)(1)(A)(vi)

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Preservation, maintenance and operation of a historic Carousel.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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 $7K a year · 4% 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
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
26 mo
of spending, in cash
Looks good: 26.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $3K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$30K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$146K
Spent
$120K
To programs
94%
Net assets
$1.6M
By yearFY2021–FY2025
Revenue
$146K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$146K
FY2022$154K
FY2023$160K
FY2024$210K
FY2025$212K
Expenses
$120K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$120K
FY2022$131K
FY2023$171K
FY2024$210K
FY2025$211K
Net assets
$1.6M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$1.6M
FY2022$1.6M
FY2023$1.6M
FY2024$1.6M
FY2025$1.6M

From the FY2021 Form 990 (year ending September 2021) · see the original

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You’re viewing the FY2021 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 Feb 1994.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $113K Management & general 6% · $7K

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

14 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
See Our Fair 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Maintains and operates a historic carousel for public enjoyment.

Questions for Our Fair Carousel INC

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Provided by the organization

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1 program · $113K · in their own filed words · FY2020
01

Operation of the carousel

$113Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$3K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$146K
Ln 12
Fees for servicesLn 2g$138K
Other incomeLn 4–11$5K
Gifts and grantsLn 1h$3K
Money outPt IX
$120K
Ln 25
Programscol B$113K
Managementcol C$7K
Owns and owesPt X
$1.6M
net assets · Ln 32
Cash and savingsLn 1–2$264K
Total assetsLn 16$1.6M
LiabilitiesLn 26$30K
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3K
Fees for servicesLn 2g$138K
Other incomeLn 4–11$5K
Total revenueLn 12$146K
Assets in detailPt X, end of year
CashLn 1$264K
Cash and savings togetherLn 1–2$264K
Land, buildings, equipmentLn 10c$1.1M
Total assetsLn 16$1.6M
LiabilitiesLn 26$30K
Net assetsLn 32$1.6M
OperationsPt I, VI
EmployeesI 54
VolunteersI 660
Fiscal year endsHeaderSeptember
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 FY21End FY21
Cash and savingsLn 1–2$152K$264K
Land, buildings, equipmentLn 10c$1.1M$1.1M
Total assetsLn 16$1.6M$1.6M
LiabilitiesLn 26$2K$30K
Net assetsLn 32$1.6M$1.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of disqualified personsLn 6$34K$34K
Payroll taxesLn 10$4K$4K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$150$150
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$2K$2K
OccupancyLn 16$50K$50K
Depreciation, depletion and amortizationLn 22$497$497
InsuranceLn 23$11K$11K
Other expenses (24a–d)Ln 24$13K$9K$3K
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$120K$113K$7K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $212K$211K$560$1.6M 990 PDF
FY2024 $210K$210K−$335$1.6M 990 PDF
FY2023 $160K$171K−$11K$1.6M 990 PDF
FY2022 $154K$131K$23K$1.6M 990 PDF
FY2021 Viewing $146K$120K$26K$1.6M 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 FY2021 990 (6 parts)
Part I · Summary $146,181 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $39,344$3,219
I-9 Program service revenuePrior year $6,662$137,999
I-10 Investment incomePrior year $315$0
I-11 Other revenuePrior year $340$4,963
I-12 Total revenuePrior year $46,661$146,181
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $39,539$37,711
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $53,373$82,669
I-18 Total expensesPrior year $92,912$120,380
I-19 Revenue less expensesPrior year −$46,251$25,801
Part VI · Governance 14 of 14 board members independent, 3 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $146,181 across 4 lines filed
Lines not itemized here account for $4,963 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$3,219
VIII-1h Total contributions, gifts and grants$3,219
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $137,999$137,999
VIII-12 Total revenueRelated to mission $142,962 · Unrelated business $0 · Excluded from tax $0$146,181
Part IX · Statement of functional expenses $120,380 across 11 lines filed
IX-6 Pay of disqualified personsPrograms $33,744$33,744
IX-10 Payroll taxesPrograms $3,967$3,967
IX-11c Accounting feesManagement $1,750$1,750
IX-11g Other fees for servicesPrograms $150$150
IX-12 Advertising and promotionPrograms $1,836$1,836
IX-13 Office expensesManagement $2,040$2,040
IX-16 OccupancyPrograms $49,767$49,767
IX-22 Depreciation, depletion and amortizationPrograms $497$497
IX-23 InsurancePrograms $11,363$11,363
IX-24 Other expenses (24a–d)Programs $9,439 · Management $3,124$12,563
IX-24e All other expensesPrograms $2,703$2,703
IX-25 Total functional expensesPrograms $113,466 · Management $6,914 · Fundraising $0$120,380
Part X · Balance sheet $1,636,315 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $151,979$263,834
X-8 Inventories for sale or useStart of year $16,440$14,386
X-9 Prepaid expenses and deferred chargesStart of year $253,082$225,595
X-10c Land, buildings and equipment, netStart of year $1,132,997$1,132,500
X-16 Total assetsStart of year $1,581,716$1,636,315
X-17 Accounts payable and accrued expensesStart of year $1,684$30,482
X-26 Total liabilitiesStart of year $1,684$30,482
X-27 Net assets without donor restrictionsStart of year $1,580,032$1,605,833
X-32 Total net assets or fund balancesStart of year $1,580,032$1,605,833
X-33 Total liabilities and net assetsStart of year $1,581,716$1,636,315
Part XI · Reconciliation of net assets $1,605,833 net assets at year end
XI-1 Total revenue$146,181
XI-2 Total expenses$120,380
XI-3 Revenue less expenses$25,801
XI-4 Net assets at start of year$1,580,032
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,605,833

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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