Newark Sport And Event Commission
- Assets
- $1.2m
- Revenue
- $569.0k
- Investments
- $0.0
- Employees
- 54
- Location
- Newark, OH
- Founding
- 07/2007
- Data as of
- 06/2021
- EIN
- 20-3793039
Organization Overview
Newark Sport And Event Commission, operating under the name Lou & Gib Reese Ice Arena, is located in Newark, OH. The organization was established in 2007. According to its NTEE Classification (A90) the organization is classified as: Arts Services, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Lou & Gib Reese Ice Arena employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lou & Gib Reese Ice Arena 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 06/2021, Lou & Gib Reese Ice Arena generated $569.0k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $537.6k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 6 years. 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
OPERATION OF ICE ARENA TO PROVIDE LOCAL YOUTH & CITIZENS OPPORTUNITIES TO PARTICIPATE IN ICE ACTIVITIES AND OTHER COMMUNITY PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF ICE ARENA TO PROVIDE LOCAL YOUTH AND CITIZENS OPPORTUNITIES TO PARTICIPATE IN ICE ACTIVITIES AND OTHER COMMUNITY PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Woods General Manager | Officer | 40 | $34,066 |
Jim Patin Board Member | Trustee | 1 | $6,600 |
Alan Hoffmann Chair | OfficerTrustee | 5 | $0 |
Robert O'neill Secretary | OfficerTrustee | 2 | $0 |
John Wallace Vice-Chair | OfficerTrustee | 2 | $0 |
Jodie Wheeler Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $54,584 |
| All other contributions, gifts, grants, and similar amounts not included above | $53,091 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $107,675 |
| Total Program Service Revenue | $435,953 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,626 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $15,999 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $569,037 |
| 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. | $70,907 |
| Compensation of current officers, directors, key employees. | $42,764 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $147,148 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,641 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,909 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,064 |
| Advertising and promotion | $4,593 |
| Office expenses | $24,191 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $78,814 |
| Travel | $110 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,359 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $54,315 |
| Insurance | $18,776 |
| All other expenses | $763 |
| Total functional expenses | $537,575 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $163,774 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $83,999 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,053 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $899,325 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,210 |
| Total assets | $1,160,361 |
| Accounts payable and accrued expenses | $6,933 |
| Grants payable | $0 |
| Deferred revenue | $11,854 |
| 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 | $180,737 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $57,800 |
| Total liabilities | $257,324 |
| Net assets without donor restrictions | $848,670 |
| Net assets with donor restrictions | $54,367 |
| 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 | $1,160,361 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Newark Sport And Event Commission has recieved totaling $145,000.
| Awarding Organization | Amount |
|---|---|
Gilbert Reese Family Foundation Newark, OH PURPOSE: DONATION FOR NEW ZAMBONI | $125,000 |
Oneill Foundation Newark, OH PURPOSE: NEW ZAMBONI | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Saveartspace Grand Blanc, MI | $216,862 | $790,017 |
Newark Sport And Event Commission Newark, OH | $1,160,361 | $569,037 |
Passion Works Athens, OH | $255,327 | $633,062 |
Radiant Hall Studios Pittsburgh, PA | $175,357 | $431,597 |
Augusta Ferry Authority Inc Augusta, KY | $165,919 | $419,126 |
Nickel Plate Arts Inc Noblesville, IN | $138,591 | $422,458 |
Sew Valley Cincinnati, OH | $109,676 | $391,797 |
Zygote Press Inc Cleveland, OH | $317,709 | $287,825 |
Detroit Artists Market Detroit, MI | $358,384 | $246,278 |
Chester County Bar Foundation West Chester, PA | $1,653,992 | $260,556 |
Hoosier Salon Patrons Association Indianapolis, IN | $235,840 | $346,649 |
3 Dots Downtown State College, PA | $16,104 | $0 |