2024-10-28T12:44:27-05:00 2023-12-31 474526160 EFPR GROUP CPAS PLLC 100 SOUTH CLINTON AVE SUITE 1500 ROCHESTER NY 14604 990 2023-01-01 161388214 THE CORN HILL WATERFRONT & NAVIGATION FOUNDATION CORN 5856625748 280 EXCHANGE BLVD ROCHESTER NY 14608 PATRICK RUSSELL-WALSH EXECUTIVE DIRECTOR 5856625748 2024-10-24 1 1 CHRISTOPHER JOHNSTON P00896198 5854278900 2024-10-24 2023 2024-10-15 13:58:12Z PATRICIA DONOGHUE 280 EXCHANGE BLVD ROCHESTER NY 14608 529116 0 X WWW.CORNHILLNAV.ORG X 1990 NY TO FOSTER THE IMPROVEMENT AND SUSTAINABILITY OF THE ERIE CANAL AND GENESEE RIVER. 13 13 45 15 0 0 426522 142991 237324 382356 57 0 1453 3769 665356 529116 0 0 0 0 237296 376421 0 0 90263 185208 312383 422504 688804 242852 -159688 769867 780569 316216 486606 453651 293963 X CORN HILL WATERFRONT & NAVIGATION FOUNDATION IS A 501(C)(3) EDUCATIONAL ORGANIZATION WITH THE MISSION OF ENGAGING PEOPLE OF ALL AGES AND BACKGROUNDS IN ON-THE-WATER LEARNING EXPERIENCES, AT THE SAME TIME FOSTERING THE PRESERVATION AND IMPROVEMENT OF THE ERIE CANAL AND GENESEE RIVER FOR CURRENT AND FUTURE GENERATIONS. 0 0 423133 386125 CORN HILL NAVIGATION OPERATED TWO VESSELS IN 2023 - SAM PATCH AND RIVERIE. THE ORGANIZATION'S LARGEST PROGRAM SERVED 10,648 PASSENGERS ON TICKETED CRUISES WITH GUIDED NARRATION ABOUT THE IMPORTANCE OF OUR WATERWAYS AND THE CRITICAL ROLE THEY PLAYED IN OUR REGIONAL AND NATIONAL DEVELOPMENT (GRANTS: $45,300, EXPENSES: $468,000, REVENUE: $239,685). CORN HILL NAVIGATION'S ERIE CANAL HUMANITIES PROGRAM, DEVELOPED FOR FOURTH GRADE STUDENTS, SERVED 1,578 LOCAL STUDENTS (GRANTS: $0, EXPENSES: $44,100, REVENUE: $25,040). RIVERIE ENVIRONMENTAL SCIENCE CRUISES, DESIGNED FOR A 5TH GRADE CURRICULUM SERVED 1,385 LOCAL STUDENTS, PRIMARILY FROM THE ROCHESTER CITY SCHOOL DISTRICT (GRANTS: $14,500 EXPENSES: $70,290 REVENUE: $43,040). TOTAL RIDERSHIP FOR 2023 EXCEEDED 15,000 PASSENGERS. SINCE ITS FOUNDING IN 1991, HUNDREDS OF THOUSANDS OF PEOPLE OF ALL AGES AND BACKGROUNDS HAVE EXPERIENCED THE ERIE CANAL AND GENESEE RIVER ABOARD CORN HILL NAVIGATION'S VESSELS. 423133 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 1 45 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X PATRICK RUSSELL-WALSH EXECUTIVE DIRECTOR 5856625748 280 EXCHANGE BLVD ROCHESTER NY 14608 PATRICIA DONOGHUE CHAIR 3.00 X X 0 0 0 LISA WING VICE CHAIR 2.00 X X 0 0 0 THOMAS HACK TREASURER 2.00 X X 0 0 0 JULIA CURTIS DIRECTOR 1.00 X 0 0 0 FRANCES GOTCSIK SECRETARY 2.00 X X 0 0 0 PATRICK RUSSELL-WALSH EXECUTIVE DIRECTOR (STARTING IN MARCH 2023) 40.00 X 49339 0 5000 ROGER BROWN DIRECTOR 1.00 X 0 0 0 LYNN BUEHLMAN DIRECTOR 1.00 X 0 0 0 KIM CREVELLING DIRECTOR 1.00 X 0 0 0 DAVID CARPENTER DIRECTOR 1.00 X 0 0 0 TIMOTHY DOBBERTIN DIRECTOR 1.00 X 0 0 0 HENRY MCCARTNEY DIRECTOR 1.00 X 0 0 0 MARGARET RITER DIRECTOR 1.00 X 0 0 0 FREDERIC FOLSOM DIRECTOR 1.00 X 0 0 0 BRUCE VAN HISE EXECUTIVE DIRECTOR (UNTIL MARCH 2023) 40.00 X 21635 0 0 70974 0 5000 0 0 0 0 0 83290 59701 142991 TOUR AND CHARTERS 900099 354390 354390 FOOD AND BEVERAGE 900099 27966 27966 382356 OTHER INCOME 900099 3769 3769 3769 529116 386125 0 0 75974 28658 23658 23658 271115 238221 31552 1342 29332 22454 4734 2144 3405 3405 5672 5672 63119 63119 23515 23515 14406 14406 34243 7837 26406 21719 21719 49610 48854 756 VESSEL EXPENSES 51430 41225 10205 FOOD AND BEVERAGE COSTS 21478 21478 TELEPHONE AND UTILITIES 16042 16042 SUBSCRIPTIONS 3237 3237 4507 4507 688804 423133 175408 90263 16470 16465 66906 17768 928994 182658 686491 746336 769867 780569 10929 32731 120107 397260 185180 56615 316216 486606 X 386745 293963 66906 0 453651 293963 769867 780569 -159688 0 X X 1 X 0 1 0 X 66822 31925 134747 426522 142991 803007 229948 75671 197871 237324 382356 1123170 296770 107596 332618 663846 525347 1926177 0 0 0 1926177 36 40 41 57 0 174 36 40 41 57 174 29000 31857 1453 3769 66079 296806 136636 364516 665356 529116 1992430 0.96670 0.96460 0.00010 0.00010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 928994 182658 746336 746336 GIFT CERTIFICATES OUTSTANDING 8000 LINE OF CREDIT 48615 56615 X PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE FOUNDATION'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN ACCORDANCE WITH ASC 740-10-50, THE FOUNDATION RECOGNIZES THE TAX BENEFITS FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES. MANAGEMENT BELIEVES THAT THE FOUNDATION IS CURRENTLY OPERATING IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE INTERNAL REVENUE CODE. THEREFORE, NO LIABILITY FOR UNRECOGNIZED TAX BENEFITS HAS BEEN INCLUDED ON THE FOUNDATION'S FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS FIRST REVIEWED BY THE BOARD OF DIRECTORS AUDIT COMMITTEE. SUBSEQUENTLY, ALL BOARD MEMBERS RECEIVE THE FORM 990 ELECTRONICALLY FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL REVIEW BY THE EXECUTIVE COMMITTEE AND ON A CASE BY CASE BASIS. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE RECOMMENDS A COMPENSATION PACKAGE FOR THE EXECUTIVE DIRECTOR, AND THE BOARD OF DIRECTORS APPROVES AN ANNUAL BUDGET THAT REFLECTS PROPOSED COMPENSATION FOR ALL EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND ITS FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC DURING THE YEAR UPON REQUEST. FORM 990, PART XII, LINE 2C: THE FINANCE AND AUDIT COMMITEES REVIEW THE FINANCIAL STATEMENTS THAT ARE PRESENTED TO THE BOARD FOR FINAL APPROVAL.