Memorial Sports Center Commission Inc
- Assets
- $180.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Middlebury, VT
- Founding
- 10/1994
- Data as of
- 12/2023
- EIN
- 05-0476741
Organization Overview
Memorial Sports Center Commission Inc is located in Middlebury, VT. The organization was established in 1994. According to its NTEE Classification (N30) the organization is classified as: Physical Fitness & Community Recreational Facilities, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Memorial Sports Center Commission Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Memorial Sports Center Commission Inc generated $27.1k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $35.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
ORGANIZATION RECEIVES ANNUAL FUNDING FROM COMMUNITY MEMBERS TO RETIRE DEBT FOR MULTIPURPOSE FACILITY FOR LOCAL COMMUNITY. ADDITIONAL CONTRIBUTIONS ACCEPTED TO COMPLETE A MULTI-USE PLAYING FIELD WITH NATURAL TURF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Newton Director | 1 | $0 | |
Cathy Chase Treasurer | 2 | $0 | |
Donald Keeler Vice Pres | 1 | $0 | |
Andrew Herrmann President | 2 | $0 | |
William Ford Secretary | 2 | $0 | |
Tom Scanlon Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,020 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $87 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $27,107 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $395 |
| Occupancy, rent, utilities, and maintenance | $4,520 |
| Printing, publications, postage, and shipping | $66 |
| Other expenses | $13,660 |
| Total expenses | $35,641 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $59,495 |
| Other assets | $0 |
| Total assets | $180,931 |
| Total liabilities | $0 |
| Net assets or fund balances | $180,931 |