Form 990 for tax year 2025
Filed by KENT COUNTY REGIONAL SPORTS COMPLEX CORP.
Totals
- Total revenue
- $2,756,765
- Total expenses
- $3,166,539
- Contributions and grants received
- $495,000
- Grants paid
- $0
- Program service revenue
- $1,989,710
- Investment income
- $268,567
- Other revenue
- $3,488
- Total assets, end of year
- $24,284,695
- Total liabilities, end of year
- $20,132,395
- Net assets or fund balances, end of year
- $4,152,300
- Program services expenses (Part IX)
- $2,638,965
- Management and general expenses
- $511,931
- Fundraising expenses
- $15,643
- Program service expenses (Part III)
- $2,638,965
Program services were 83.3% 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)
$89,000
-
1f · All other contributions, gifts and grants
$406,000
-
2a · Program service revenue: TOURNAMENTS
total $1,442,045 · related or exempt $1,442,045
-
2b · Program service revenue: LEAGUE REVENUE
total $194,506 · related or exempt $194,506
-
2c · Program service revenue: FIELD RENTAL
total $158,869 · related or exempt $158,869
-
2d · Program service revenue: CONCESSION REVENUE
total $141,825 · related or exempt $141,825
-
2e · Program service revenue: HOTEL REBATES
total $52,465 · related or exempt $52,465
-
3 · Investment income
total $268,567 · excluded $268,567
-
6a · Gross rents
real property $10,501
-
6c · Rental income or loss
real property $10,501
-
6d · Net rental income or loss
total $10,501 · excluded $10,501
-
8a · Fundraising events: gross income
$11,800
-
8b · Fundraising events: direct expenses
$26,347
-
8c · Net income from fundraising events
total -$14,547 · excluded -$14,547
-
11a · Other revenue: OTHER REVENUE
total $7,534 · related or exempt $7,534
-
11e · Other revenue, total
$7,534
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $442,614 · program services $354,366 · management and general $74,906 · fundraising $13,342
-
9 · Other employee benefits
total $23,116 · program services $17,298 · management and general $4,791 · fundraising $1,027
-
10 · Payroll taxes
total $42,474 · program services $35,253 · management and general $5,947 · fundraising $1,274
-
11a · Fees: management
total $75,000 · program services $50,000 · management and general $25,000
-
11b · Fees: legal
total $7,214 · management and general $7,214
-
11c · Fees: accounting
total $20,000 · management and general $20,000
-
11g · Fees: other
total $74,143 · program services $34,600 · management and general $39,543
-
12 · Advertising and promotion
total $51,403 · management and general $51,403
-
13 · Office expenses
total $2,290 · management and general $2,290
-
16 · Occupancy
total $184,295 · program services $154,653 · management and general $29,642
-
17 · Travel
total $4,427 · program services $2,351 · management and general $2,076
-
20 · Interest
total $697,159 · program services $697,159
-
22 · Depreciation, depletion and amortization
total $1,144,780 · program services $951,782 · management and general $192,998
-
23 · Insurance
total $84,891 · program services $70,460 · management and general $14,431
-
24a · Other expenses: CLINIC AND LEAGUE EXPENSE
total $121,156 · program services $121,156
-
24b · Other expenses: FACILITY MAINTENANCE
total $75,941 · program services $63,031 · management and general $12,910
-
24c · Other expenses: SUPPLIES
total $43,022 · program services $33,985 · management and general $9,037
-
24d · Other expenses: PARKING
total $37,308 · program services $37,308
-
24e · All other expenses
total $35,306 · program services $15,563 · management and general $19,743
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $668,604 · end of year $540,440
-
2 · Savings and temporary cash investments
beginning of year $7,730,595 · end of year $7,540,781
-
4 · Accounts receivable
beginning of year $103,280 · end of year $60,634
-
9 · Prepaid expenses and deferred charges
beginning of year $4,756 · end of year $711
-
10a · Land, buildings and equipment: cost or other basis
$24,953,486
-
10b · Land, buildings and equipment: accumulated depreciation
$9,034,578
-
10c · Land, buildings and equipment, net
beginning of year $16,257,659 · end of year $15,918,908
-
14 · Intangible assets
beginning of year $232,718 · end of year $223,221
-
15 · Other assets
beginning of year $52,816
-
17 · Accounts payable and accrued expenses
beginning of year $40,271 · end of year $104,178
-
19 · Deferred revenue
beginning of year $46,636 · end of year $70,941
-
20 · Tax-exempt bond liabilities
beginning of year $19,325,000 · end of year $18,980,000
-
23 · Secured mortgages and notes payable
beginning of year $26,000 · end of year $19,500
-
25 · Other liabilities
beginning of year $1,060,379 · end of year $957,776
-
27 · Net assets without donor restrictions
beginning of year $337,935 · end of year $19,799
-
28 · Net assets with donor restrictions
beginning of year $4,214,207 · end of year $4,132,501
Mission and programs · 2025
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 $2,638,965 · Revenue $1,989,710
As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
DANIEL YEARICK
EXECUTIVE DI
- Total calculated
- $144,531
- From this org
- $133,424
- From related orgs
- $0
- Other
- $11,107
- Hours/week
- 40
-
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
-
SCOTT HAMMER
CLASS B DIRE
- Total calculated
- $0
- Hours/week
- 2
-
CATHERINE JENKINS
CLASS A 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
- 2
-
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
- 2
-
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 4 September 2026
- IRS schema version
- 2025v4.0
- Source object
- 202622479349301032
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