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Nonprofiteer
← KENT COUNTY REGIONAL SPORTS COMPLEX CORP

Form 990 for tax year 2023

Filed by KENT COUNTY REGIONAL SPORTS COMPLEX CORP.

Totals

Total revenue
$2,492,075
Total expenses
$2,995,149
Contributions and grants received
$603,815
Grants paid
$0
Program service revenue
$1,720,127
Investment income
$147,184
Other revenue
$20,949
Total assets, end of year
$21,654,104
Total liabilities, end of year
$21,168,122
Net assets or fund balances, end of year
$485,982
Program services expenses (Part IX)
$2,476,116
Management and general expenses
$503,156
Fundraising expenses
$15,877
Program service expenses (Part III)
$2,476,116

Program services were 82.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $123,195

  • 1f · All other contributions, gifts and grants

    $480,620

  • 2a · Program service revenue: TOURNAMENTS

    total $1,293,906 · related or exempt $1,293,906

  • 2b · Program service revenue: LEAGUE REVENUE

    total $190,738 · related or exempt $190,738

  • 2c · Program service revenue: FIELD RENTAL

    total $124,347 · related or exempt $124,347

  • 2d · Program service revenue: CONCESSION REVENUE

    total $90,399 · related or exempt $90,399

  • 2e · Program service revenue: HOTEL REBATES

    total $20,387 · related or exempt $20,387

  • 2f · All other program service revenue

    total $350 · related or exempt $350

  • 3 · Investment income

    total $147,184 · excluded $147,184

  • 6a · Gross rents

    real property $19,451

  • 6c · Rental income or loss

    real property $19,451

  • 6d · Net rental income or loss

    total $19,451 · excluded $19,451

  • 8a · Fundraising events: gross income

    $10,813

  • 8b · Fundraising events: direct expenses

    $14,978

  • 8c · Net income from fundraising events

    total -$4,165 · excluded -$4,165

  • 11a · Other revenue: INSURANCE PROCEEDS

    total $5,206 · related or exempt $5,206

  • 11b · Other revenue: OTHER REVENUE

    total $457 · related or exempt $457

  • 11e · Other revenue, total

    $5,663

Functional expenses

Part IX, the statement of functional expenses.

  • 6 · Compensation of disqualified persons

    total $135,000 · program services $81,000 · management and general $40,500 · fundraising $13,500

  • 7 · Other salaries and wages

    total $284,189 · program services $251,079 · management and general $33,110

  • 9 · Other employee benefits

    total $40,367 · program services $33,279 · management and general $5,788 · fundraising $1,300

  • 10 · Payroll taxes

    total $33,447 · program services $27,574 · management and general $4,796 · fundraising $1,077

  • 11b · Fees: legal

    total $5,420 · management and general $5,420

  • 11c · Fees: accounting

    total $24,260 · management and general $24,260

  • 11g · Fees: other

    total $58,436 · program services $22,350 · management and general $36,086

  • 12 · Advertising and promotion

    total $64,535 · management and general $64,535

  • 13 · Office expenses

    total $391 · management and general $391

  • 16 · Occupancy

    total $161,949 · program services $135,146 · management and general $26,803

  • 17 · Travel

    total $5,382 · management and general $5,382

  • 20 · Interest

    total $726,804 · program services $726,804

  • 22 · Depreciation, depletion and amortization

    total $1,112,512 · program services $907,248 · management and general $205,264

  • 23 · Insurance

    total $83,245 · program services $68,627 · management and general $14,618

  • 24a · Other expenses: CLINIC AND LEAGUE EXPENSE

    total $89,851 · program services $89,851

  • 24b · Other expenses: FACILITY MAINTENANCE

    total $68,531 · program services $56,497 · management and general $12,034

  • 24c · Other expenses: SUPPLIES

    total $42,799 · program services $36,275 · management and general $6,524

  • 24d · Other expenses: PARKING

    total $31,178 · program services $31,178

  • 24e · All other expenses

    total $26,853 · program services $9,208 · management and general $17,645

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,663,159 · end of year $441,138

  • 2 · Savings and temporary cash investments

    beginning of year $2,693,298 · end of year $3,606,257

  • 4 · Accounts receivable

    beginning of year $36,623 · end of year $45,891

  • 9 · Prepaid expenses and deferred charges

    beginning of year $720 · end of year $593

  • 10a · Land, buildings and equipment: cost or other basis

    $24,098,454

  • 10b · Land, buildings and equipment: accumulated depreciation

    $6,780,445

  • 10c · Land, buildings and equipment, net

    beginning of year $17,998,219 · end of year $17,318,009

  • 14 · Intangible assets

    beginning of year $251,713 · end of year $242,216

  • 15 · Other assets

    beginning of year $122,226

  • 17 · Accounts payable and accrued expenses

    beginning of year $29,131 · end of year $13,886

  • 19 · Deferred revenue

    beginning of year $115,515 · end of year $32,075

  • 20 · Tax-exempt bond liabilities

    beginning of year $19,960,000 · end of year $19,650,000

  • 23 · Secured mortgages and notes payable

    beginning of year $157,225 · end of year $32,500

  • 25 · Other liabilities

    beginning of year $1,524,342 · end of year $1,439,661

  • 27 · Net assets without donor restrictions

    beginning of year $473,306 · end of year $254,521

  • 28 · Net assets with donor restrictions

    beginning of year $506,439 · end of year $231,461

Mission and programs · 2023

Mission

TO SERVE AS AN ECOMOMIC ENGINE FOR CENTRAL DELAWARE BY PROVIDING A FIRST- CLASS SPORTS DESTINATION VENUE THAT ATTRACTS SPORTS TOURISM TO THE AREA, AS WELL AS SERVICES OUR LOCAL COMMUNITY NEEDS FOR YOUTH TO PLAY, LEARN, COMPETE AND GROW.

Activities or mission (Part I)

TO SERVE AS AN ECONOMIC ENGINE FOR CENTRAL DELAWARE BY PROVIDING A FIRST- CLASS SPORTS DESTINATION VENUE THAT ATTRACTS SPORTS TOURISM TO THE AREA, AS WELL AS SERVICES OUR LOCAL COMMUNITY NEEDS FOR YOUTH TO PLAY, LEARN, COMPETE AND GROW.

  • DE TURF PROVIDES A FIRST-CLASS SPORTS COMPLEX VENUE WITH SYNTHETIC TURF FIELDS AND CHAMPIONSHIP STADIUM SEATING.

    Expenses $2,476,116 · Revenue $1,720,127

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Angie Eliason

    FORMER ED

    Total calculated
    $139,050
    From this org
    $135,000
    From related orgs
    $0
    Other
    $4,050
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    $4,050
    Nontaxable benefits
    not reported
    Filer's total
    $139,050

  • Peter Bradley

    CLASS A DIRE

    Total calculated
    $0
    Hours/week
    2

  • Brian Bushweller

    CLASS B DIRE

    Total calculated
    $0
    Hours/week
    2

  • Michael Carey

    CLASS B DIRE

    Total calculated
    $0
    Hours/week
    2

  • Shelly Cecchett

    CLASS A DIRE

    Total calculated
    $0
    Hours/week
    2

  • Bill Conway

    CLASS B DIRE

    Total calculated
    $0
    Hours/week
    2

  • Nancy Cook

    CLASS B DIRE

    Total calculated
    $0
    Hours/week
    2

  • Scott Hammer

    CLASS B DIRE

    Total calculated
    $0
    Hours/week
    2

  • Carrie Lingo

    CLASS B DIRE

    Total calculated
    $0
    Hours/week
    2

  • Sean Mercer

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Linda Parkowski

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Charles Postles

    CLASS A DIRE

    Total calculated
    $0
    Hours/week
    2

  • Robert Reed

    CLASS B DIRE

    Total calculated
    $0
    Hours/week
    2

  • Jeremy Sheppard

    CLASS A DIRE

    Total calculated
    $0
    Hours/week
    2

  • Cindy Small

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • William Strickland

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    10

  • Jessica Welch

    CLASS A DIRE

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
27 September 2024
IRS schema version
2023v5.0
Source object
202402749349300405

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