Civic Intelligence

Edwardsburg Sports Complex Inc.

990 • Fiscal year 2018 • EIN 32-0156076

Jan 01, 2018 to Dec 31, 2018 • Filed on Sep 06, 2019

27566 US 12 PO Box 193Edwardsburg, MI 49112

(269) 699-7552

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

76th percentile

0.40x

Higher debt load relative to assets than 76% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

93rd percentile

3.01x

Higher debt load relative to revenue than 93% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

76th percentile

19%

Higher net margin than 76% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

84th percentile

24%

Faster asset growth than 84% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

22nd percentile

-10%

Faster revenue growth than 22% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$1,731,801

Up $336,378 (+24%) from 2017

Net Assets

Up

$1,047,131

Up $49,613 (+5.0%) from 2017

Liabilities

Up

$684,670

Up $286,765 (+72%) from 2017

Revenue

Down

$227,403

Down $25,315 (-10%) from 2017

Expenses

Up

$184,783

Up $18,666 (+11%) from 2017

Net Income

Down

$42,620

Down $43,981 (-51%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2014: $928,477Liabilities 2014: $230,905Net Assets 2014: $697,5722014Assets 2015: $1,235,257Liabilities 2015: $405,905Net Assets 2015: $829,3522015Assets 2016: $1,300,387Liabilities 2016: $391,905Net Assets 2016: $908,4822016Assets 2017: $1,395,423Liabilities 2017: $397,905Net Assets 2017: $997,5182017Assets 2018: $1,731,801Liabilities 2018: $684,670Net Assets 2018: $1,047,1312018Assets 2019: $2,017,360Liabilities 2019: $618,731Net Assets 2019: $1,398,6292019Assets 2020: $2,130,686Liabilities 2020: $563,097Net Assets 2020: $1,567,5892020Assets 2021: $2,579,046Liabilities 2021: $659,706Net Assets 2021: $1,919,3402021Assets 2022: $3,324,953Liabilities 2022: $947,411Net Assets 2022: $2,377,5422022Assets 2024: $4,065,567Liabilities 2024: $804,793Net Assets 2024: $3,260,7742024

Highlighted filing

2018

Assets$1,731,801
Liabilities$684,670
Net Assets$1,047,131

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0Revenue 2014: $184,342Expenses 2014: $69,400Net Income 2014: $114,9422014Revenue 2015: $218,412Expenses 2015: $86,180Net Income 2015: $132,2322015Revenue 2016: $228,460Expenses 2016: $148,508Net Income 2016: $79,9522016Revenue 2017: $252,718Expenses 2017: $166,117Net Income 2017: $86,6012017Revenue 2018: $227,403Expenses 2018: $184,783Net Income 2018: $42,6202018Revenue 2019: $523,554Expenses 2019: $170,976Net Income 2019: $352,5782019Revenue 2020: $308,584Expenses 2020: $147,544Net Income 2020: $161,0402020Revenue 2021: $698,134Expenses 2021: $361,363Net Income 2021: $336,7712021Revenue 2022: $773,621Expenses 2022: $322,996Net Income 2022: $450,6252022Revenue 2024: $955,092Expenses 2024: $374,773Net Income 2024: $580,3192024

Highlighted filing

2018

Revenue$227,403
Expenses$184,783
Net Income$42,620
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Sep 6, 2019
Return Version
2018v3.1
Gross Receipts
$248,227
Mission and Program Overview

Mission

To provide safe and well-kept facilities for community sports in edwardsburg, mi. The complex will allow for the growth of other athletic opportunities, new sports leagues, and promote fitness and competition. The complex will unite the community and serve as a gathering place for families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,284,470$1,570,116▲ $285,646
Cash and Non-Interest-Bearing Accounts$110,953$161,685▲ $50,732
Total Assets$1,395,423$1,731,801▲ $336,378
Liabilities
Other Liabilities$397,905$684,670▲ $286,765
Total Liabilities$397,905$684,670▲ $286,765
Net Assets / Fund Balance
Unrestricted Net Assets$997,518$1,047,131▲ $49,613
Total Net Assets Fund Balance$997,518$1,047,131▲ $49,613
Total Liabilities and Net Assets / Fund Balance$1,395,423$1,731,801▲ $336,378

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$56,262-$56,262
Buildings$341,072--
Other Land Buildings$-176,304$176,304-
Land$743,572--
Leasehold Improvements$605,514--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Edward L PatzerPresident
Eric KovatchDirector
Mitch StoltzDirector
Roseann MarchettiDirector
Ryan ColvinDirector
Shane SzalaiDirector
Skip KasprzakDirector
Scott AnsonTreasurer
Jerry DuckVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$190,355
Program Service Revenue
$0
Investment Income
$7
Other Revenue
$37,041
All Other Contributions
$190,355
Change in Net Assets
$42,620
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$170,046
Salaries, Compensation, and Employee Benefits$14,737
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$44,101--$44,101
All Other Expenses$32,091--$32,091
Interest$21,646--$21,646
Other Salaries and Wages$13,749--$13,749
Insurance$10,840--$10,840
Other Expenses$8,597--$8,597
Office Expenses$3,293--$3,293
Advertising$1,522--$1,522
Payroll Taxes$988--$988
Fees for Services Other$222--$222
Conferences and Meetings$200--$200
Fees for Services Accounting$100--$100
Total Functional Expenses$184,783$0$0$184,783
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$57,865
Fundraising Direct Expenses$20,824
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Auction$28,834$28,834$5,063$23,771
Golf Outing$18,816$18,816$1,676$17,140
Total Events$53,465$53,465$18,204$35,261
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Line of Credit$500,000
Note Payable-land$158,000
1st Source Bb/vb Obligation$20,000
Meijer Scoreboard Obligation$5,905
Payroll Liabilities$765
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

This form 990 was reviewed and approved by the board at the monthly board meeting.

Form 990, Page 6, Part VI, Line 19

Governing documents, policies, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Edwardsburg Sports Complex Inc
EIN
32-0156076
Phone
2696997552
Address
27566 US 12 PO BOX 193, EDWARDSBURG, MI 49112

Signing Officer

Name
Edward L Patzer
Title
President
Phone
2696997552
Signed
2019-09-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Edward L Patzer
Formed
2006
Legal Domicile
Mi
Voting Board Members
9
Independent Board Members
9
Employees
6

Preparer

Firm
Korhorn Financial Group Inc
Address
6910 N MAIN ST UNIT 41 BLDG 16, GRANGER, IN 46530
Preparer
Scott E Anson CPA
Phone
5742475898
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To provide safe and well-kept facilities for community sports in edwardsburg, mi. The complex will allow for the growth of other athletic opportunities, new sports leagues, and promote fitness and competition. The complex will unite the community and serve as a gathering place for families.

Form 990, Part IX, Line 24E

Middle school soccer expe 5,340 0 0 repairs 2,943 0 0 licenses & permits 2,782 0 0 maintenance supervisor 2,750 0 0 wastewater assessment 2,503 0 0 bank service charges 2,239 0 0 grounds & maintenance exp 1,849 0 0 small tools & supplies 1,716 0 0 meals 1,385 0 0 software 1,240 0 0 miscellaneous 1,216 0 0 official's game pay 1,155 0 0 signage 1,117 0 0 scholarship 1,000 0 0 landscaping 602 0 0 vehicle exp 591 0 0 propane 468 0 0 program expense 364 0 0 membership dues 260 0 0 trash removal 189 0 0 water management 162 0 0 hiring expense 100 0 0 property tax 70 0 0 snowplowing 50 0 0 total 32,091 0 0

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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt35905
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4765
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LINE OF CREDIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NOTE PAYABLE-LAND
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc21ST SOURCE BB/VB OBLIGATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3MEIJER SCOREBOARD OBLIGATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4PAYROLL LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01570116
IRS990ScheduleD/TotalLiabilityAmt0684670
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt018204
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt0300
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt0300
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0AUCTION
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0GOLF OUTING
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt02122
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt01480
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt03602
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt028834
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt018816
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt05815
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt053465
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt028834
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt018816
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt05815
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt053465
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt035261
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt03903
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt010642
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt05063
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt01676
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt0600
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt03060
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt03660
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROVIDE SAFE AND WELL-KEPT FACILITIES FOR COMMUNITY SPORTS IN EDWARDSBURG, MI. THE COMPLEX WILL ALLOW FOR THE GROWTH OF OTHER ATHLETIC OPPORTUNITIES, NEW SPORTS LEAGUES, AND PROMOTE FITNESS AND COMPETITION. THE COMPLEX WILL UNITE THE COMMUNITY AND SERVE AS A GATHERING PLACE FOR FAMILIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THIS FORM 990 WAS REVIEWED AND APPROVED BY THE BOARD AT THE MONTHLY BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MIDDLE SCHOOL SOCCER EXPE 5,340 0 0 REPAIRS 2,943 0 0 LICENSES & PERMITS 2,782 0 0 MAINTENANCE SUPERVISOR 2,750 0 0 WASTEWATER ASSESSMENT 2,503 0 0 BANK SERVICE CHARGES 2,239 0 0 GROUNDS & MAINTENANCE EXP 1,849 0 0 SMALL TOOLS & SUPPLIES 1,716 0 0 MEALS 1,385 0 0 SOFTWARE 1,240 0 0 MISCELLANEOUS 1,216 0 0 OFFICIAL'S GAME PAY 1,155 0 0 SIGNAGE 1,117 0 0 SCHOLARSHIP 1,000 0 0 LANDSCAPING 602 0 0 VEHICLE EXP 591 0 0 PROPANE 468 0 0 PROGRAM EXPENSE 364 0 0 MEMBERSHIP DUES 260 0 0 TRASH REMOVAL 189 0 0 WATER MANAGEMENT 162 0 0 HIRING EXPENSE 100 0 0 PROPERTY TAX 70 0 0 SNOWPLOWING 50 0 0 TOTAL 32,091 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 24E
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01395423
IRS990/TotalAssetsEOYAmt01731801
IRS990/TotalAssetsGrp/BOYAmt01395423
IRS990/TotalAssetsGrp/EOYAmt01731801
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0190355
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0184783
IRS990/TotalFunctionalExpensesGrp/TotalAmt0184783
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0397905
IRS990/TotalLiabilitiesEOYAmt0684670
IRS990/TotalLiabilitiesGrp/BOYAmt0397905
IRS990/TotalLiabilitiesGrp/EOYAmt0684670
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0997518
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01047131
IRS990/TotalProgramServiceExpensesAmt0184783
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt07
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0227403
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01395423
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01731801
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0997518
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01047131
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 193
IRS990/USAddress/CityNm0EDWARDSBURG
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd049112
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.EDWARDSBURGSPORTSCOMPLEX.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0EDWARD L PATZER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02696997552
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-09-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EDWARDSBURG SPORTS COMPLEX INC
ReturnHeader/Filer/BusinessNameControlTxt0EDWA
ReturnHeader/Filer/EIN0320156076
ReturnHeader/Filer/PhoneNum02696997552
ReturnHeader/Filer/USAddress/AddressLine1Txt027566 US 12 PO BOX 193
ReturnHeader/Filer/USAddress/CityNm0EDWARDSBURG
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd049112
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0E8B575ED2FB86F08B1B1B522E41C36195095EC8D
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0441F77D680E96127CD52DDB5912762BFABECAF0F
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt064.184.108.212
ReturnHeader/FilingSecurityInformation/IPDt02019-09-06
ReturnHeader/FilingSecurityInformation/IPTm013:13:49
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0030488803
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KORHORN FINANCIAL GROUP INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06910 N MAIN ST UNIT 41 BLDG 16
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GRANGER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd046530
ReturnHeader/PreparerPersonGrp/PhoneNum05742475898
ReturnHeader/PreparerPersonGrp/PreparationDt02019-09-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SCOTT E ANSON CPA
ReturnHeader/ReturnTs02019-09-26T19:47:25-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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