Civic Intelligence

The Adirondack Carousel Inc

990 • Fiscal year 2015 • EIN 14-1829187

Nov 01, 2014 to Oct 31, 2015 • Filed on Mar 13, 2016

Organization Profilewww.adirondackcarousel.org
P O Box 1059Saranac Lake, NY 12983

(518) 891-9521

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

48th percentile

0.00x

Higher debt load relative to assets than 48% of similar nonprofits.

2015 filings • NTEE A20 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

59th percentile

0.01x

Higher debt load relative to revenue than 59% of similar nonprofits.

2015 filings • NTEE A20 • <$500k nonprofits • Source year 2015

Net Margin

5th percentile

-86%

Higher net margin than 5% of similar nonprofits.

2015 filings • NTEE A20 • <$500k nonprofits • Source year 2015

Top Officer Pay

73rd percentile

$0

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • NTEE A20 • <$500k nonprofits • Source year 2015

Asset Growth

25th percentile

-13%

Faster asset growth than 25% of similar nonprofits.

2015 filings • NTEE A20 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

22nd percentile

-17%

Faster revenue growth than 22% of similar nonprofits.

2015 filings • NTEE A20 • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets48th percentile

Assets

Down

$442,953

Down $67,953 (-13%) from 2014

Net Assets

Down

$442,086

Down $68,118 (-13%) from 2014

Liabilities

Up

$867

Up $165 (+24%) from 2014

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin5th percentile

Revenue

Down

$79,363

Down $16,527 (-17%) from 2014

Expenses

Up

$147,481

Up $559 (+0.4%) from 2014

Net Income

Down

-$68,118

Down $17,086 (-33%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth25th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2011: $885,449Liabilities 2011: $224,428Net Assets 2011: $661,0212011Assets 2012: $1,412,237Liabilities 2012: $10,215Net Assets 2012: $1,402,0222012Assets 2013: $561,931Liabilities 2013: $695Net Assets 2013: $561,2362013Assets 2014: $510,906Liabilities 2014: $702Net Assets 2014: $510,2042014Assets 2015: $442,953Liabilities 2015: $867Net Assets 2015: $442,0862015Assets 2016: $394,828Liabilities 2016: $1,450Net Assets 2016: $393,3782016Assets 2017: $329,551Liabilities 2017: $3,105Net Assets 2017: $326,4462017Assets 2018: $270,972Liabilities 2018: $2,203Net Assets 2018: $268,7692018Assets 2019: $216,565Liabilities 2019: $2,107Net Assets 2019: $214,4582019Assets 2020: $172,396Liabilities 2020: $13,001Net Assets 2020: $159,3952020Assets 2021: $125,436Liabilities 2021: $13,599Net Assets 2021: $111,8372021Assets 2022: $44,491Liabilities 2022: $1,373Net Assets 2022: $43,1182022Assets 2023: $63,871Liabilities 2023: $1,122Net Assets 2023: $62,7492023Assets 2024: $114,998Liabilities 2024: $0Net Assets 2024: $114,9982024

Highlighted filing

2015

Assets$442,953
Liabilities$867
Net Assets$442,086
Open 2015 Filing

Operations Trend

Revenue Growth22nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200K$100K$0-$100KRevenue 2011: $158,294Expenses 2011: $18,207Net Income 2011: $140,0872011Expenses 2012: $92,9152012Expenses 2013: $179,0642013Revenue 2014: $95,890Expenses 2014: $146,922Net Income 2014: -$51,0322014Revenue 2015: $79,363Expenses 2015: $147,481Net Income 2015: -$68,1182015Revenue 2016: $92,468Expenses 2016: $141,176Net Income 2016: -$48,7082016Revenue 2017: $77,703Expenses 2017: $144,635Net Income 2017: -$66,9322017Revenue 2018: $94,327Expenses 2018: $152,004Net Income 2018: -$57,6772018Revenue 2019: $109,256Expenses 2019: $163,566Net Income 2019: -$54,3102019Revenue 2020: $74,790Expenses 2020: $129,853Net Income 2020: -$55,0632020Revenue 2021: $75,404Expenses 2021: $135,348Net Income 2021: -$59,9442021Revenue 2022: $49,030Expenses 2022: $129,334Net Income 2022: -$80,3042022Revenue 2023: $79,786Expenses 2023: $60,155Net Income 2023: $19,6312023Revenue 2024: $112,951Expenses 2024: $61,004Net Income 2024: $51,9472024

Highlighted filing

2015

Revenue$79,363
Expenses$147,481
Net Income-$68,118
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Nov 1, 2014 to Oct 31, 2015
Signed
Mar 13, 2016
Return Version
2014v6.0
Gross Receipts
$89,762
Mission and Program Overview

Mission

To provide the Adirondack community and its vistors with a unigue attraction celebrating old fashioned fun for all ages through entertainment, art, and education.

To build and maintain a full-size handcrafted carousel housed in a year round pavilion with space for programs and special events. In June 2011, ground was broken for the building and Carousel operations began May 26, 2012. To date there have been over 80,000 riders. Wildlife programs, carving classes, health and wellness presentations, and other events have taken place as part of the organization's mission.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$479,467$418,729▼ $60,738
Cash and Non-Interest-Bearing Accounts$20,410$17,177▼ $3,233
Inventories for Sale or Use$5,613$4,133▼ $1,480
Prepaid Expenses and Deferred Charges$5,116$2,564▼ $2,552
Accounts Receivable$300$350▲ $50
Total Assets$510,906$442,953▼ $67,953
Liabilities
Accounts Payable and Accrued Expenses$702$867▲ $165
Total Liabilities$702$867▲ $165
Net Assets / Fund Balance
Unrestricted Net Assets$507,704$442,086▼ $65,618
Temporarily Rstr Net Assets$2,500$0▼ $2,500
Total Net Assets Fund Balance$510,204$442,086▼ $68,118
Total Liabilities and Net Assets / Fund Balance$510,906$442,953▼ $67,953

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$400,604$208,488$609,092
Other Land Buildings$18,125$5,866$23,991
Compensation and Service Providers
Top Officer Pay73rd percentile

Board Members and Trustees

NameTitle
Emily FogartyPresident/Secretary
Marc WannerVice President
Barbara DwyerBoard member
Betty TuckerBoard member
Harry J Stuart CPABoard member
Kristin ParkerBoard member
Martin RowleyBoard member
Michael MartinBoard member
Pam MartinBoard member
Wayne TuckerBoard member
Alan BrownTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$26,820
Program Service Revenue
$35,914
Investment Income
$0
Other Revenue
$16,629
All Other Contributions
$24,670
Change in Net Assets
$-68,118
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$104,917
Salaries, Compensation, and Employee Benefits$42,564
Total Fundraising Expense$1,953
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$62,988$432-$63,420
Current Officers, Directors, Trustees, and Key Employees$20,510$18,601-$39,111
Occupancy$10,937$2,208-$13,145
Insurance$6,827$863-$7,690
Advertising$7,229--$7,229
Fees for Services Accounting-$5,000-$5,000
Office Expenses-$2,108$1,908$4,016
Payroll Taxes$1,883$1,570-$3,453
Other Expenses$885$859$45$859
Interest-$114-$114
Total Functional Expenses$113,101$32,427$1,953$147,481
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$13,797
Fundraising Direct Expenses$4,435
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 2

“Form 990, Part VI, Section A, line 2: Wayne Tucker ( Board member) is married to Betty Tucker (Board member).”

Form 990, Part VI, Section B, line 11

“Form 990, Part VI, Section B, line 11: This form 990 was presented to the Board by its treasurer Harry J. Stuart, CPA, at a regularly scheduled Board meeting and was reviewed by the Board prior to filing.”

Form 990, Part VI, Section C, line 19

“The organization makes Form 990 available to the public. It has never been asked for its governing documents, conflict of interest policy, or financial statements. The Board will decide those questions when asked.”

Filing and Contact Details

Filer

Filer Name
The Adirondack Carousel Inc
EIN
14-1829187
Phone
5188919521
Address
P O Box 1059, Saranac Lake, NY 12983

Signing Officer

Name
Emily Fogarty
Title
President
Phone
5188919521
Signed
2016-03-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Emily Fogarty
Formed
2000
Legal Domicile
Ny
Voting Board Members
11
Independent Board Members
11
Employees
7
Volunteers
20

Preparer

Firm
Adirondack Audit Co Inc
Address
30 Academy Street Suite One, Saranac Lake, NY 12983
Preparer
John B Huttlinger Jr
Phone
5188911630
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

“NOTE 7: UNCERTAINTY IN INCOME TAXES The organization follows FASB ASC 740-10, Accounting for Uncertainty in Income Taxes, which provides guidance on accounting for uncertainty in income taxes recognized in the organization's financial statements. The guidance prescribes a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return, and also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. As of October 31, 2015, the organization had no uncertain tax positions that require either recognition or disclosure in the organization's financial statements. Generally, the tax years before 2011 are no longer subject to examination by federal and state authorities.”

Part XI, Line 2D - Other Adjustments:

“Direct Fundraising Expenses Form 990 Page 9 line 8b Cost of Goods Sold Form 990 Page 9 line 10b”

Part XII, Line 2D - Other Adjustments:

“Direct Fundraising Expenses Offset on form 990 Page 9 line 8b Cost of Goods Sold Expenses Offset on Form 990 Page 9 Line 10b”

Form D Line 2D

“Part XI, Line 2d - Other Adjustments: Direct Fundraising Expenses Form 990 page 9 Line 8b 5,103. Cost of Goods Sold Form 990 Page 9 Line 10b 5,632. Total to Schedule D, Part XI, Line 2d 10,735. Part XII, Line 2d - Other Adjustments: Direct Fundraising Expenses Offset on Form 990 Page 9 Line 8b 5,103. Cost of Goods Sold Expenses Offset on Form 990 Page 9 Line 10b 5,632. Total to Schedule D, Part XII, Line 2d 10,735.”

Raw XML AppendixShowing 400 of 426 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/PYRevenuesLessExpensesAmt0-51032
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0648305
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt05866
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0NOTE 7: UNCERTAINTY IN INCOME TAXES The organization follows FASB ASC 740-10, Accounting for Uncertainty in Income Taxes, which provides guidance on accounting for uncertainty in income taxes recognized in the organization's financial statements. The guidance prescribes a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return, and also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. As of October 31, 2015, the organization had no uncertain tax positions that require either recognition or disclosure in the organization's financial statements. Generally, the tax years before 2011 are no longer subject to examination by federal and state authorities.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Direct Fundraising Expenses Form 990 Page 9 line 8b Cost of Goods Sold Form 990 Page 9 line 10b
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Direct Fundraising Expenses Offset on form 990 Page 9 line 8b Cost of Goods Sold Expenses Offset on Form 990 Page 9 Line 10b
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3Part XI, Line 2d - Other Adjustments: Direct Fundraising Expenses Form 990 page 9 Line 8b 5,103. Cost of Goods Sold Form 990 Page 9 Line 10b 5,632. Total to Schedule D, Part XI, Line 2d 10,735. Part XII, Line 2d - Other Adjustments: Direct Fundraising Expenses Offset on Form 990 Page 9 Line 8b 5,103. Cost of Goods Sold Expenses Offset on Form 990 Page 9 Line 10b 5,632. Total to Schedule D, Part XII, Line 2d 10,735.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3Form D Line 2d
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0418729
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990, Part VI, Section A, line 2: Wayne Tucker ( Board member) is married to Betty Tucker (Board member).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Form 990, Part VI, Section B, line 11: This form 990 was presented to the Board by its treasurer Harry J. Stuart, CPA, at a regularly scheduled Board meeting and was reviewed by the Board prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization makes Form 990 available to the public. It has never been asked for its governing documents, conflict of interest policy, or financial statements. The Board will decide those questions when asked.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 1059
IRS990/USAddress/CityNm0Saranac Lake
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd012983
IRS990/VotingMembersGoverningBodyCnt011
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IRS990/WebsiteAddressTxt0www.adirondackcarousel.org
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ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$442,953
Liabilities
$867
Net assets
$442,086
Revenue
$79,363
Expenses
$147,481
Net income
-$68,118
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.11$0.11$0.06$0.05
2023Detailed filing. Detailed filing data is available for this year.$0.06$0.00$0.06$0.08$0.06$0.02
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.04$0.00$0.04$0.05$0.13$0.08
2021Detailed filing. Detailed filing data is available for this year.$0.13$0.01$0.11$0.08$0.14$0.06
2020Detailed filing. Detailed filing data is available for this year.$0.17$0.01$0.16$0.07$0.13$0.06
2019Detailed filing. Detailed filing data is available for this year.$0.22$0.00$0.21$0.11$0.16$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.27$0.00$0.27$0.09$0.15$0.06
2017Detailed filing. Detailed filing data is available for this year.$0.33$0.00$0.33$0.08$0.14$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.39$0.00$0.39$0.09$0.14$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.44$0.00$0.44$0.08$0.15$0.07
2014Detailed filing. Detailed filing data is available for this year.$0.51$0.00$0.51$0.10$0.15$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.56$0.00$0.56$0.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.41$0.01$1.40$0.09
2011Summary only. Only limited summary data is available for this year.$0.89$0.22$0.66$0.16$0.02$0.14