Wells Sports Complex Inc
- Assets
- $763.9k
- Revenue
- $197.7k
- Investments
- $0.0
- Employees
- 6
- Location
- Escanaba, MI
- Founding
- 05/2000
- Data as of
- 06/2021
- EIN
- 38-3479362
Organization Overview
Wells Sports Complex Inc is located in Escanaba, MI. The organization was established in 2000. According to its NTEE Classification (N40) the organization is classified as: Sports Associations & Training Facilities, under the broad grouping of Recreation & Sports and related organizations. As of 06/2021, Wells Sports Complex Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wells 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 06/2021, Wells Sports Complex Inc generated $197.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $195.6k during the year ending 06/2021. 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
PROVIDE RECREATIONAL AND LEISURE SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED RECREATIONAL AND LEISURE SERVICES TO THE PUBLIC BY OFFERING THE SKATING FACILITY TO PEOPLE OF ALL AGES IN AND AROUND DELTA COUNTY, MICHIGAN.
DEPRECIATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Denome Treasurer | Officer | $0 | |
Ray Lamarche President | Officer | $0 | |
Kathy Kohtala Secretary | Trustee | $0 | |
Josh Fisher Board Member | Trustee | $0 | |
Mike Martin Board Member | Trustee | $0 | |
Mike Zuidema Sr Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,158 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,158 |
| Total Program Service Revenue | $180,774 |
| Investment income | $2,816 |
| 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 | $197,748 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,841 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,471 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,880 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5 |
| Advertising and promotion | $0 |
| Office expenses | $9,238 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $55,897 |
| Travel | $228 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,960 |
| Insurance | $9,622 |
| All other expenses | $0 |
| Total functional expenses | $195,632 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $220,456 |
| Savings and temporary cash investments | $285,823 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $257,647 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $763,926 |
| Accounts payable and accrued expenses | $60,766 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $676 |
| Total liabilities | $61,442 |
| Net assets without donor restrictions | $702,484 |
| Net assets with donor restrictions | $0 |
| 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 | $763,926 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wells Sports Complex Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Edward J Sackerson Charitable Foundation Escanaba, MI PURPOSE: SUPPORT OF YOUTH | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mid-American Athletic Conference Cleveland, OH | $9,627,681 | $28,156,752 |
Ohio High School Athletic Association Columbus, OH | $19,212,358 | $25,255,683 |
Horizon League Inc Indianapolis, IN | $13,064,997 | $9,023,003 |
Wisconsin Interscholastic Athletic Association Stevens Point, WI | $5,017,808 | $3,980,109 |
Ambassadors Football Twinsburg, OH | $3,909,961 | $2,647,510 |
Grand Rapids Youth Commonwealth Inc Grand Rapids, MI | $5,210,285 | $2,995,800 |
Fox Cities Sports Development Inc Appleton, WI | $722,935 | $1,613,590 |
Great Lakes Valley Conference Indianapolis, IN | $1,140,833 | $1,489,025 |
College Sports Information Directors Of America Inc Greenwood, IN | $4,920,472 | $1,339,389 |
Road Runners Club Of America Butler, WI | $629,220 | $498,794 |
Urban Squash Cleveland cleveland, OH | $1,070,417 | $492,668 |
Northern Athletics Conference Inc Milwaukee, WI | $292,367 | $398,614 |