Cortland Sports Complex Inc
- Assets
- $2.6m
- Revenue
- $922.5k
- Investments
- $0.0
- Employees
- 35
- Location
- Cortland, NY
- Founding
- 06/2001
- Data as of
- 06/2019
- EIN
- 16-1595605
Organization Overview
Cortland Sports Complex Inc is located in Cortland, NY. The organization was established in 2001. 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. As of 06/2019, Cortland Sports Complex Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cortland Sports Complex 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 06/2019, Cortland Sports Complex Inc generated $922.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $937.6k during the year ending 06/2019. While expenses have increased by 3.8% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO OWN AND OPERATE A FACILITY IN THE CORTLAND AREA FOR THE ADVANCEMENT OF SPORTS AND RECREATIONAL ACTIVITES OF THE YOUTH AND OTHER RESIDENTS OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OWN AND OPERATE A FACILITY IN THE CORTLAND AREA FOR THE ADVANCEMENT OF SPORTS AND RECREATIONAL ACTIVITIES OF THE YOUTH AND OTHER RESIDENTS OF THE COMMUNITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Drake Executive Direc | Officer | 50 | $51,635 |
Stephen Compagni Treasurer | OfficerTrustee | 0 | $0 |
Clint Brooks Secretary | OfficerTrustee | 0 | $0 |
Michael Swartwout Vice President | OfficerTrustee | 0 | $0 |
Phil Shager President | OfficerTrustee | 0 | $0 |
Shawn Sweeny Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $337,833 |
| Investment income | $193 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,115 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $922,490 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $51,635 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $249,810 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $24,431 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,725 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $44,209 |
| Office expenses | $26,782 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $121,897 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $29,944 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $155,695 |
| Insurance | $55,647 |
| All other expenses | $0 |
| Total functional expenses | $937,610 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,753 |
| Savings and temporary cash investments | $114,967 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,002 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,731 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $31,056 |
| Other assets | $0 |
| Total assets | $2,588,250 |
| Accounts payable and accrued expenses | $25,993 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $431,773 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $457,766 |
| Net assets without donor restrictions | $1,922,168 |
| Net assets with donor restrictions | $208,316 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $2,130,484 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Cortland Sports Complex Inc has recieved totaling $12,850.
| Awarding Organization | Amount |
|---|---|
Central New York Community Foundation Inc Syracuse, NY PURPOSE: GENERAL SUPPORT; CAPITAL SUPPORT | $7,000 |
Cortland Community Foundation Cortland, NY PURPOSE: General Gift | $5,850 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brooklyn Bridge Park Corporation Brooklyn, NY | $410,528,577 | $25,310,971 |
Inspirica Inc Stamford, CT | $38,438,849 | $9,454,101 |
Rewarding Environments For Adultliving Inc Elmont, NY | $6,389,376 | $6,709,006 |
Harlem Lacrosse And Leadership Corporation New York, NY | $2,915,816 | $6,267,239 |
Community Rowing Inc Brighton, MA | $16,273,081 | $6,722,803 |
Josiah Willard Hayden Recreation Center Inc Lexington, MA | $26,597,268 | $5,479,768 |
Monroe Community Sports Centre Corporation Rochester, NY | $10,874,985 | $2,546,542 |
Pilgrim Skating Arena Inc Hingham, MA | $11,883,485 | $3,566,472 |
Section Viii Of The New York State Public High Sch Athletic Assn Inc Garden City, NY | $2,112,612 | $1,625,215 |
St George Community Center I Inc Brooklyn, NY | $100,070 | $1,691,089 |
Knox Inc Hartford, CT | $1,543,474 | $1,697,399 |
Atlantic City Sports Commission Inc Atlantic City, NJ | $24,469 | $1,394,636 |