CASCADE LOCKS PARK ASSOCIATION

EIN: 341621024 501(c)(3) Recreation & Sports

AKRON, OH

Total Revenue
$65,234
Total Expenses
$114,048
Total Assets
$818,549
Net Assets
$817,955
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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
OH
Principal Officer
SCOTT READ
Phone
3303745625
Tax Period
2023-01-01 to 2023-12-31

CASCADE LOCKS PARK ASSOCIATION, founded in 1989, is a micro nonprofit in the Recreation & Sports sector that reported $65K in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $114K exceeded revenue, resulting in a 75% operating deficit.

Mission

FOR OVER 30 YEARS CLPA HAS BEEN STEWARDING AKRON'S MUSTILL PROPERTIES AND GROUNDS. THE PARK AND MUSEUM ARE LOCATED IN EARLY AKRON'S INDUSTRIAL CORRIDOR. CLPA TAKES GREAT PRIDE IN MAINTAINING THE IMPORTANT HISTORY OF AKRON'S INDUSTRIAL PAST. THE CASCADE LOCKS PARK AND MUSTILL STORE ARE IMPORTANT AND SIGNIFICANT LINKS TO AKRON'S HISTORY. OUR MUSEUM AND INTERPRETIVE DISPLAYS LOCATED THROUGHOUT THE PARK, PROVIDE GUESTS WITH INSIGHT TO CANAL LIFE AND THE ROLE THIS AREA PLAYED IN THE BIRTH AND SUCCESS OF AKRON EARLY. CLPA ALSO SERVES TO PROMOTE THE CASCADE VALLEY, WE PLAY AN ACTIVE ROLE IN NEIGHBORHOOD/COMMUNITY BUILDING, CONNECTIVITY ENGAGEMENT, PARK AND TOWPATH WELCOME/INFORMATIONAL CENTER AND ADULT/ YOUTH HISTORICAL AND CULTURAL EDUCATION. CLPA WORKS ON PROJECTS THAT PROVIDE HISTORICAL EDUCATION AND THAT HELP TO MAINTAIN AND IMPROVE THE MUSTILL AND SCHUMACHER SITE. CLPA'S FOCUS IS TO PROVIDE EDUCATIONAL ACTIVITIES THAT CONCENTRATE ON THE CANAL, EARLY AKRON INDUSTRY AND THE CONNECTION BETW

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $56,831
Program Service Revenue $0
Investment Income $27
Other Revenue $8,376
TOTAL REVENUE $65,234

Expense Breakdown

Grants Paid $580
Salaries & Benefits $55,242
Fundraising Expenses $19,092
Program Expenses $89,749
Other Expenses $58,226
TOTAL EXPENSES $114,048

Year-over-Year Comparison

2023 2022 Change
Revenue $65,234 $85,496 -0.2%
Expenses $114,048 $102,468 +0.1%
Net Income $-48,814 $-16,972 +1.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
16
Independent Members
16
Employees
2
Volunteers
50

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$26,931
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT READ EXECUTIVE DI 20.00
Officer
$26,931 $0 $26,931
LOUIS BERRY TRUSTEE 1.00
Director
$0 $0 $0
VISH BHATT TRUSTEE 1.00
Director
$0 $0 $0
KATARINA COOK TRUSTEE 1.00
Director
$0 $0 $0
WILLIE COOK TRUSTEE 1.00
Director
$0 $0 $0
KALEY FOSTER TRUSTEE 1.00
Director
$0 $0 $0
PHIL JANUARY TRUSTEE 1.00
Director
$0 $0 $0
BOB JENKINS TRUSTEE 1.00
Director
$0 $0 $0
THERESE JOHNSON TREASURER 2.00
Officer Director
$0 $0 $0
JOHN MILLER TRUSTEE 1.00
Director
$0 $0 $0
TIM MILLER PRESIDENT 2.00
Officer Director
$0 $0 $0
DOUG HAUSKNECHT PHD SECRETARY 2.00
Officer Director
$0 $0 $0
LAURA BILLOW PRESTON TRUSTEE 1.00
Director
$0 $0 $0
DAN SARVIS TRUSTEE 1.00
Director
$0 $0 $0
HILLARY STEWART TRUSTEE 1.00
Director
$0 $0 $0
SCOTT STUTLER TRUSTEE 1.00
Director
$0 $0 $0
TIM TOBER TRUSTEE 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $65,234 $114,048 $818,549 $-48,814
2022 $85,496 $102,468 $869,242 $-16,972
2021 $71,169 $84,354 $900,592 $-13,185
2020 $63,232 $81,827 $911,178 $-18,595
2019 $50,652 $71,576 $913,514 $-20,924
2018 $70,526 $83,446 $928,630 $-12,920
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