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Nonprofiteer
← FOX CITIES SPORTS DEVELOPMENT INC

Form 990 for tax year 2023

Filed by FOX CITIES SPORTS DEVELOPMENT INC.

Totals

Total revenue
$2,106,071
Total expenses
$1,476,067
Contributions and grants received
$761,500
Grants paid
$0
Program service revenue
$1,032,012
Investment income
$5,545
Other revenue
$307,014
Total assets, end of year
$855,642
Total liabilities, end of year
$358,002
Net assets or fund balances, end of year
$497,640
Program services expenses (Part IX)
$1,174,525
Management and general expenses
$301,542
Fundraising expenses
$0
Program service expenses (Part III)
$1,174,525

Program services were 79.6% 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.

  • 1d · Related organizations

    $150,000

  • 1f · All other contributions, gifts and grants

    $611,500

  • 1g · Noncash contributions included above

    $150,000

  • 2a · Program service revenue: FACILITY RENTALS

    total $988,461 · related or exempt $988,461

  • 2b · Program service revenue: RENTAL INCOME

    total $43,551 · related or exempt $43,551

  • 3 · Investment income

    total $5,545 · excluded $5,545

  • 8a · Fundraising events: gross income

    $3,495

  • 8b · Fundraising events: direct expenses

    $214

  • 8c · Net income from fundraising events

    total $3,281 · excluded $3,281

  • 10a · Gross sales of inventory

    $576,630

  • 10b · Cost of goods sold

    $281,264

  • 10c · Net income from sales of inventory

    total $295,366 · unrelated business $295,366

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $8,367 · related or exempt $8,367

  • 11e · Other revenue, total

    $8,367

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $98,446 · program services $73,834 · management and general $24,612

  • 7 · Other salaries and wages

    total $419,368 · program services $314,526 · management and general $104,842

  • 9 · Other employee benefits

    total $42,025 · program services $31,519 · management and general $10,506

  • 10 · Payroll taxes

    total $42,740 · program services $32,055 · management and general $10,685

  • 11b · Fees: legal

    total $12,419 · management and general $12,419

  • 11c · Fees: accounting

    total $8,200 · management and general $8,200

  • 11g · Fees: other

    total $157,791 · program services $134,733 · management and general $23,058

  • 12 · Advertising and promotion

    total $29,679 · program services $29,679

  • 13 · Office expenses

    total $30,412 · program services $4,380 · management and general $26,032

  • 14 · Information technology

    total $17,945 · program services $13,459 · management and general $4,486

  • 16 · Occupancy

    total $542,440 · program services $481,450 · management and general $60,990

  • 17 · Travel

    total $3,379 · program services $2,534 · management and general $845

  • 22 · Depreciation, depletion and amortization

    total $6,828 · program services $6,828

  • 23 · Insurance

    total $43,401 · program services $32,551 · management and general $10,850

  • 24a · Other expenses: MISCELLANEOUS EXPENSES

    total $16,067 · program services $12,050 · management and general $4,017

  • 24b · Other expenses: SPONSORSHIP COMMISSIONS

    total $4,927 · program services $4,927

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $38,724 · end of year $47,757

  • 2 · Savings and temporary cash investments

    beginning of year $405,448 · end of year $544,162

  • 4 · Accounts receivable

    beginning of year $97,633 · end of year $118,594

  • 8 · Inventories for sale or use

    beginning of year $17,398 · end of year $17,448

  • 9 · Prepaid expenses and deferred charges

    beginning of year $75,224 · end of year $70,908

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

    $68,640

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

    $11,867

  • 10c · Land, buildings and equipment, net

    beginning of year $11,628 · end of year $56,773

  • 17 · Accounts payable and accrued expenses

    beginning of year $150,559 · end of year $146,086

  • 19 · Deferred revenue

    beginning of year $177,860 · end of year $211,916

  • 25 · Other liabilities

    beginning of year $450,000

  • 27 · Net assets without donor restrictions

    beginning of year -$132,364 · end of year $399,613

  • 28 · Net assets with donor restrictions

    end of year $98,027

Mission and programs · 2023

Mission

TO PROVIDE AN ELITE, STATE-OF-THE-ART TOURNAMENT-LEVEL SPORTS EXPERIENCE FOR A DIVERSE COMMUNITY OF ATHLETES AND FAMILIES ALIKE IN A COMPREHENSIVE SPORTS-FOCUSED DESTINATION.

  • TO PROVIDE AN ELITE, STATE-OF-THE-ART TOURNAMENT-LEVEL SPORTS EXPERIENCE FOR A DIVERSE COMMUNITY OF ATHLETES AND FAMILIES ALIKE IN A COMPREHENSIVE SPORTS-FOCUSED DESTINATION.

    Expenses $1,174,525 · Revenue $1,032,012

As filed on the 2023 return.

Listed in Part VII

  • Pam Seidl

    PRESIDENT

    Total calculated
    $138,776
    From this org
    $0
    From related orgs
    $118,349
    Other
    $20,427

  • Adam Ligocki

    GENERAL MANA

    Total calculated
    $98,446
    From this org
    $87,043
    From related orgs
    $0
    Other
    $11,403
    Hours/week
    40

  • Ryan Batley

    CHAIR

    Total calculated
    $0

  • Beau Bernhoft

    DIRECTOR

    Total calculated
    $0

  • Matt Carpenter

    SECRETARY

    Total calculated
    $0

  • Linda Garvey

    DIRECTOR

    Total calculated
    $0

  • Chuck Gifford

    DIRECTOR

    Total calculated
    $0

  • Chris Haese

    PAST CHAIR

    Total calculated
    $0

  • Amanda Hedtke

    DIRECTOR

    Total calculated
    $0

  • Chef Jeff Igel

    DIRECTOR

    Total calculated
    $0

  • Norb Karner

    TREASURER

    Total calculated
    $0

  • Randy Kliment

    DIRECTOR

    Total calculated
    $0

  • David Kress

    DIRECTOR

    Total calculated
    $0

  • Ryan Moede

    DIRECTOR

    Total calculated
    $0

  • Peter Rank

    DIRECTOR

    Total calculated
    $0

  • Jeff Sturgell

    DIRECTOR

    Total calculated
    $0

  • Abe Weber

    VICE-CHAIR

    Total calculated
    $0

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.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
5 April 2024
IRS schema version
2023v5.0
Source object
202441349349301024

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