2024-09-18T12:12:13-04:00 2024-06-30 141809700 CUDDY & WARD LLP CPA'S 110 GENESEE ST STE 230 AUBURN NY 13021 990EZ 2023-07-01 161575603 CATO-MERIDIAN COMMUNITY RECREATION CENTER FOUNDATION INC CATO 3157783753 PO BOX 416 CATO NY 13033 AMANDA VALLEE TREASURER 3157783753 2024-08-20 true true RICHARD D WARD CPA P01415508 3152538424 2024-08-27 2023 2024-08-08 14:25:15Z X X N/A X X 159630 X 14012 145618 113715 31903 45915 18187 5025 95 23307 22608 458383 -13695 467296 X 458483 467296 458483 467296 100 458383 467296 X PROVIDE FINANCIAL SUPPORT FOR THE CATO-MERIDIAN COMMUNITY RECREATION CENTER, PART OF THE CATO-MERIDIAN CENTRAL SCHOOL DISTRICT, A GOVERNMENTAL UNIT. RECORDED 1,500 OF DONATIONS FROM LOCAL COMPANIES AND USED 17,267 FROM THE ENDOWMENT TO PAY FOR VARIOUS EXERCISE AND POOL EQUIPMENT. REC CENTER WAS OPEN 305 DAYS AND RECORDED 25,534 VISITS. 18187 23307 23307 NANCY PERFIELD PRESIDENT 0.20 0 CARYL KINNEY VICE PRESIDE 0.10 0 JENNIFER JANE SECRETARY 0.10 0 MICHELLE SCHULTZ DIRECTOR 0.10 0 false false false false false false false false false NY AMANDA VALLEE PO BOX 416 CATO NY 13033 3157783753 false false false false false false false false false false false NONE NONE true X 10673 4864 1500 17037 10673 4864 1500 17037 10727 6310 10925 9714 10947 13100 14012 58698 75735 0.08330 0.13540 X PART II, LINE 17B THE FOUNDATION CONSISTS SOLELY TO SUPPORT CATO-MERIDIAN COMMUNITY RECREATION CENTER, PART OF THE CATO-MERIDIAN CENTRAL SCHOOL DISTRICT, A GOVERNMENTAL UNIT. THE CENTER IS A SHARED USE FACILITY FOR SCHOOL, CENTER MEMBERS, AND THE GENERAL PUBLIC. THE FOUNDATION SERVES AS A FEEDER FOR GIFTS AND GRANTS THAT MUST BE MADE TO A 501(C)(3). THE REC CENTER DIRECTOR, A SCHOOL DISTRICT EMPLOYEE, APPLIES FOR THE GRANTS ON BEHALF OF THE FOUNDATION. IF AN INDIVIDUAL WANTS TO DESIGNATE A GIFT TO THE CENTER THROUGH UNITED WAY OR AN EMPLOYEE MATCHING GRANT, THAT GIFT ALSO GOES THROUGH THE FOUNDATION. THE FOUNDATION'S INVESTMENT INCOME IS DERIVED FROM A 243,900.74 ENDOWMENT IT RECEIVED IN 2000-02 UPON DISSOLUTION OF NORTHERN CAYUGA HEALTH SERVICES, INC., A 501(C)(3). THE COURT APPROVED DISSOLUTION STATED THAT "THE INTEREST ONLY IS TO BE USED TO SUPPORT THE OPERATION OF THE CENTER." THE FOUNDATION PASSES ON INVESTMENT INCOME UPON REQUEST OF THE CENTER DIRECTOR. RECENTLY FUNDS HAVE BEEN USED TO REPLACE OR ADD FITNESS EQUIPMENT SUCH AS TREADMILLS, WEIGHT MACHINES, AND A SWIM TIMING SYSTEM. THE FOUNDATION IS GOVERNED BY A 5 PERSON BOARD OF DIRECTORS WHO SERVE WITHOUT COMPENSATION. ALTHOUGH THE BOARD SELECTS ITS DIRECTORS, IT STRIVES FOR BROAD COMMUNITY REPRESENTATION. FOR THE LAST 4 NEW DIRECTORS, THE FOUNDATION FOUND CANDIDATES BY ASKING THE REC CENTER TO PLACE A NOTICE IN A PROGRAM FLYER MAILED TO SCHOOL DISTRICT RESIDENTS AND/OR ON THE CENTER'S FACEBOOK PAGE. THE NOTICE ASKED COMMUNITY MEMBERS WILLING TO SERVE A 5 YEAR TERM ON THE FOUNDATION BOARD TO CONTACT US. THIS PROCESS HELPS ENSURE WIDE PUBLIC REPRESENTATION. ALTHOUGH THE FOUNDATION FAILS THE 33.33% SUPPORT TEST, ITS INVESTMENT INCOME COMES FROM AN ENDOWMENT CREATED BY THE DISSOLUTION OF A COMMUNITY 501(C)(3). ITS DIRECTORS ARE CHOSEN FROM THE COMMUNITY AT LARGE. ALL ITS REVENUE SUPPORTS A PUBLIC SCHOOL DISTRICT. THEREFORE, WE BELIEVE THE FOUNDATION, WITH 27.69% PUBLIC SUPPORT, MEETS THE 10% FACTS AND CIRCUMSTANCES TEST FOR A PUBLIC CHARITY. FORM 990-EZ, PART I, LINE 10 NAME: CATO MERIDIAN REC CENTER CASH CONTRIBUTION: 18,187 FORM 990-EZ, PART I, LINE 16 EXPENSES PO BOX RENTAL 95 TOTAL 95 FORM 990-EZ, PART I, LINE 20 UNREALIZED GAIN 0 UNREALIZED LOSSES -13,695 FORM 990-EZ, PART II, LINE 26 ACCOUNTS PAYABLE AND ACCRUED EXPENSES 100 0 FORM 990-EZ, PART III PROVIDE FINANCIAL SUPPORT FOR THE CATO-MERIDIAN COMMUNITY RECREATION CENTER, PART OF THE CATO-MERIDIAN CENTRAL SCHOOL DISTRICT, A GOVERNMENTAL UNIT.