Sussex Sports Center Foundation Inc
- Assets
- $9.3m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 5
- Location
- Rehoboth Beach, DE
- Founding
- 10/2017
- Data as of
- 12/2021
- EIN
- 82-0650192
Organization Overview
Sussex Sports Center Foundation Inc is located in Rehoboth Beach, DE. The organization was established in 2017. According to its NTEE Classification (N31) the organization is classified as: Community Recreational Centers, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Sussex Sports Center Foundation Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sussex Sports Center Foundation 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 12/2021, Sussex Sports Center Foundation Inc generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 72.5% each year . All expenses for the organization totaled $837.3k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD, OPERATE AND MAINTAIN A FIRST-CLASS MULTISPORT CENTER IN THE MIDDLE OF SUSSEX COUNTY FOR THE CITIZENS OF SUSSEX COUNTY OF ALL AGES TO ENJOY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO BUILD, OPERATE AND MAINTAIN A FIRST-CLASS MULTISPORT CENTER IN THE MIDDLE OF SUSSEX COUNTY FOR THE CITIZENS OF SUSSEX COUNTY OF ALL AGES TO ENJOY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Schell President/se | OfficerTrustee | 2 | $0 |
Robert Horsey Vice Preside | OfficerTrustee | 1 | $0 |
Zac Crouch Board Member | Trustee | 1 | $0 |
Darren Short Board Member | Trustee | 1 | $0 |
Rob Tunnell Board Member | Trustee | 1 | $0 |
Stephanie Parker Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,512,513 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,512,513 |
| Total Program Service Revenue | $75,025 |
| Investment income | $196 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,592,734 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $52,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $57,270 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,917 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,185 |
| Fees for services: Accounting | $23,567 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,000 |
| Advertising and promotion | $11,359 |
| Office expenses | $259 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,413 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $21,324 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $487,810 |
| Insurance | $14,770 |
| All other expenses | $0 |
| Total functional expenses | $837,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,175,267 |
| Savings and temporary cash investments | $304,806 |
| Pledges and grants receivable | $417,501 |
| Accounts receivable, net | $5,800 |
| 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 | $0 |
| Net Land, buildings, and equipment | $5,444,169 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,347,543 |
| Accounts payable and accrued expenses | $34,159 |
| 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 | $1,000,000 |
| Secured mortgages and notes payable | $1,138,522 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,172,681 |
| Net assets without donor restrictions | $3,354,883 |
| Net assets with donor restrictions | $3,819,979 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,347,543 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sussex Sports Center Foundation Inc has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
Schell Family Foundation Naples, FL PURPOSE: GENERAL OPERATING SUPPORT | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bretton Woods Recreation Center Inc Germantown, MD | $12,283,354 | $6,533,132 |
Jewish Community Center Of Atlantic County Margate, NJ | $9,439,064 | $6,677,274 |
Raymond And Mirim Klein Jcc Philadelphia, PA | $5,761,678 | $5,591,664 |
Kaiserman Jewish Community Ctr Haverford, PA | $3,173,049 | $4,057,949 |
West Orange Community House And Boys & Girls Club Inc West Orange, NJ | $8,113,979 | $3,159,080 |
Woods Community Center Inc Severna Park, MD | $5,541,119 | $2,298,146 |
Kingsley Association Pittsburgh, PA | $9,182,378 | $1,988,387 |
Miller Center For Recreation And Wellness Lewisburg, PA | $11,558,800 | $1,058,852 |
Al Ummah Community Center Teaneck, NJ | $2,910,123 | $1,536,521 |
Bel Air Recreation Committee Inc Bel Air, MD | $641,165 | $1,306,096 |
East End United Community Center Uniontown, PA | $972,128 | $908,982 |
Sussex Sports Center Foundation Inc Rehoboth Beach, DE | $9,347,543 | $3,592,734 |