Hereford Sportsplex Inc
- Assets
- $4.3m
- Revenue
- $769.9k
- Investments
- $0.0
- Employees
- 8
- Location
- Hereford, TX
- Founding
- 11/2013
- Data as of
- 12/2023
- EIN
- 46-1472724
Organization Overview
Hereford Sportsplex Inc, operating under the name Caviness Sportsplex, is located in Hereford, TX. The organization was established in 2013. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2023, Caviness Sportsplex employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Caviness Sportsplex 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, Caviness Sportsplex generated $769.9k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 40.1% each year . All expenses for the organization totaled $740.8k during the year ending 12/2023. While expenses have increased by 15.0% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
IT IS THE MISSION OF HEREFORD SPORTS & WELLNESS TO PROVIDE WHOLESOME SPORTS PROGRAMS, FITNESS OPPORTUNITIES, AND OTHER COMMUNITY-BUILDING ACTIVITIES FOR THE CITIZENS OF HEREFORD AND THE SURROUNDING REGION. WE ARE COMMITTED TO OFFERING OUR SERVICES TO OUR YOUTH, ADULTS AND SENIOR CITIZENS, AS WELL AS FAMILIES FROM ALL CULTURES AND WALKS OF LIFE. WE WANT TO CATER TO WORKING FAMILIES, SINGLE PARENTS, LARGE COMPANIES, SMALL BUSINESSES, AND OTHER LOCAL AND REGIONAL ORGANIZATIONS. IT IS OUR GOAL TO INVOLVE MEMBERS OF OUR COMMUNITY IN SPORTS AND WELLNESS PROGRAMS THAT PROMOTE COMMUNITY-ENGAGEMENT AND QUALITY OF LIFE IMPROVEMENT FOR THE CITIZENS OF HEREFORD AND OUR SURROUNDING REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEREFORD SPORTSPLEX, INC. OPERATES A REGIONAL MULTI-SPORT ATHLETIC FACILITY AND A FITNESS FACILITY IN HEREFORD, TEXAS TO PROMOTE PHYSICAL ACTIVITY, TEAM SPORTS AND COMMUNITY SPIRIT. THE MULTI-SPORT FACILITY KNOWN AS THE CAVINESS SPORTS COMPLEX, SERVES AS A HOST FACILITY IN THE TEXAS PANHANDLE FOR COMPETITIVE AND RECREATIONAL ATHLETIC PROGRAMS AND ACTIVITIES FOR ALL AGES, WHICH BENEFIT THE ENTIRE COMMUNITY BY IMPROVING THE QUALITY OF LIFE OF CURRENT RESIDENTS, ENCHANCING ECONOMIC DEVELOPMENT, CONTRIBUTING TO INCREASED RESIDENTIAL AND COMMERICAL REAL ESTATE VALUES, GENERATING SUBSTANTIAL BUSINESS AND TOURIST ACTIVITY THROUGH ITS OPERATIONS. STUDENTS, SENIORS, YOUTH AND THE COMMUNITY AT LARGE BENEFIT FROM HAVING ACCESS TO THIS MULTI-SPORTS ATHLETIC FACILITY WHICH IS OPEN TO SCHOOLS, CLUBS AND RECREATIONAL SPORTS TEAMS SUCH AS THE BOY SCOUTS, GIRL SCOUTS, SPECIAL OLYMPICS, SENIOR CITIZEN GROUPS, MOTHERS OF PRESCHOOLERS GROUPS, FAMILY GROUPS, RELIGIOUS GROUPS AND MANY MORE, FOR A VARIETY OF EVENTS. IN RELATION TO ITS HEALTH AND WELLNESS PURPOSE, HEREFORD SPORTSPLEX ALSO NOW OPERATES THE FITNESS FACILITY KNOWN AS THE WELDON KNABE ACTIVITIES CENTER, FORMERLY OPERATED BY THE HEREFORD AND VICINITY YMCA. THE CENTER OFFERS MEMBERSHIPS AND DAY PASSES FOR ALL AGES FOR USE OF THE WEIGHT ROOM, CARDIO EQUIPMENT, WHIRLPOOL, SPIN BIKE ROOM, DRY SAUNA, AND EXERCISE ROOM FOR A VARIETY OF GROUP FITNESS CLASSES INCLUDING SUSPENSION TRAINING,KICKBOXING, AEROBICS, ZUMBA, AND MANY MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Regan Caviness Chair | OfficerTrustee | 1 | $0 |
Jimmy Lackey Treasurer | OfficerTrustee | 1 | $0 |
Craig Wilfong Director | Trustee | 1 | $0 |
Cindy Simons Director | Trustee | 1 | $0 |
Richard Sauceda Director | Trustee | 1 | $0 |
Lindsay Chandler Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Southwest General Contractors Construction | 12/30/14 | $1,811,568 |
Becker Arena Sports | 12/30/14 | $136,317 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $79,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $273,815 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $352,815 |
| Total Program Service Revenue | $416,021 |
| Investment income | $0 |
| 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 | $769,930 |
| 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 | $231,516 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,944 |
| Fees for services: Management | $30,000 |
| Fees for services: Legal | $108 |
| Fees for services: Accounting | $1,554 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,638 |
| Advertising and promotion | $2,623 |
| Office expenses | $11,635 |
| Information technology | $7,980 |
| Royalties | $0 |
| Occupancy | $94,169 |
| Travel | $84 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $32,511 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $159,692 |
| Insurance | $57,009 |
| All other expenses | $33,831 |
| Total functional expenses | $740,810 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,167 |
| Savings and temporary cash investments | $164,196 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,097 |
| 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 | $4,099,025 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,313,485 |
| Accounts payable and accrued expenses | $3,580 |
| 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 | $425,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $428,580 |
| Net assets without donor restrictions | $3,884,905 |
| 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 | $4,313,485 |