Civic Intelligence

Hagerstown Multi-Use Sports and Events Facility Inc.

EIN 61-1999611 • 501(c)3 • Hagerstown, MD

Pub. 78 Eligible

Profile

To own, operate, maintain and promote a new multi-use facility constructed in downtown hagerstown, md.

1 S Potomac StreetHagerstown, MD 21740
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

6th percentile

0.00x

Higher debt load relative to assets than 6% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Liabilities / Revenue

5th percentile

0.00x

Higher debt load relative to revenue than 5% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Net Margin

99th percentile

97%

Higher net margin than 99% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2025

Top Officer Pay

6th percentile

$0

Higher top officer pay than 6% of similar nonprofits.

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

501(c)3 • $50M-$100M nonprofits • Source year 2025

Asset Growth

100th percentile

137232%

Faster asset growth than 100% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2024 to 2025

Revenue Growth

100th percentile

49283%

Faster revenue growth than 100% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets6th percentile

Assets

Up

$80,517,629

Up $80,458,999 (+137232%) from 2024

Liabilities

Up

$109,575

Up $1,350 (+1.2%) from 2024

Net Assets

Up

$80,408,054

Up $80,457,649 (+162229%) from 2024

Operations
Liabilities / Revenue5th percentileNet Margin99th percentile

Revenue

Up

$82,994,158

Up $82,826,096 (+49283%) from 2024

Expenses

Up

$2,536,509

Up $2,354,510 (+1294%) from 2024

Net Income

Up

$80,457,649

Up $80,471,586 (+577395%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth100th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100M$50M$0-$50MAssets 2022: $5,337,919Liabilities 2022: $5,355,661Net Assets 2022: -$17,7422022Assets 2023: $76,299Liabilities 2023: $111,956Net Assets 2023: -$35,6572023Assets 2024: $58,630Liabilities 2024: $108,225Net Assets 2024: -$49,5952024Assets 2025: $80,517,629Liabilities 2025: $109,575Net Assets 2025: $80,408,0542025

Highlighted filing

2025

Assets$80,517,629
Liabilities$109,575
Net Assets$80,408,054
Open 2025 Filing

Operations Trend

Revenue Growth100th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100M$50M$0-$50MRevenue 2022: $275Expenses 2022: $18,017Net Income 2022: -$17,7422022Revenue 2023: $20,000Expenses 2023: $32,916Net Income 2023: -$12,9162023Revenue 2024: $168,062Expenses 2024: $181,999Net Income 2024: -$13,9372024Revenue 2025: $82,994,158Expenses 2025: $2,536,509Net Income 2025: $80,457,6492025

Highlighted filing

2025

Revenue$82,994,158
Expenses$2,536,509
Net Income$80,457,649
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$80,517,629
Liabilities
$109,575
Net assets
$80,408,054
Revenue
$82,994,158
Expenses
$2,536,509
Net income
$80,457,649
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$80.5$0.11$80.4$83.0$2.54$80.5
2024Detailed filing. Detailed filing data is available for this year.$0.06$0.11$0.05$0.17$0.18$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.08$0.11$0.04$0.02$0.03$0.01
2022Detailed filing. Detailed filing data is available for this year.$5.34$5.36$0.02$0.00$0.02$0.02
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jun 1, 2024 to May 31, 2025
Signed
Sep 12, 2025
Return Version
2024v5.2
Gross Receipts
$82,994,158
Mission and Program Overview

Mission

To own, operate, maintain and promote a new multi-use facility constructed in downtown hagerstown, md.

To own, operate, maintain, promote and lease a new stadium and multi-use facility constructed in downtown hagerstown, md. The facilitys one long term tenant is a minor league baseball team.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net-$80,431,810-
Cash and Non-Interest-Bearing Accounts$39,640$85,819▲ $46,179
Total Assets$58,630$80,517,629▲ $80,458,999
Other Assets Total$18,990--
Liabilities
Other Liabilities$108,225$109,575▲ $1,350
Total Liabilities$108,225$109,575▲ $1,350
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-49,595$80,408,054▲ $80,457,649
Total Net Assets Fund Balance$-49,595$80,408,054▲ $80,457,649
Total Liabilities and Net Assets / Fund Balance$58,630$80,517,629▲ $80,458,999

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$76,958,271$1,941,729$78,900,000
Land$3,000,000-$3,000,000
Other Land Buildings$235,066$18,076$253,142
Equipment$200,803$18,431$219,234
Leasehold Improvements$37,670$950$38,620
Compensation and Service Providers
Top Officer Pay6th percentile

Board Members and Trustees

NameTitle
Gregory I SnookPresident/CEO
Thomas C NewcomerVice President
Andew SargentDirector
Dan SpeddenDirector
Dr Jim KlauberDirector
Jessica GreenDirector
John Latimer IvDirector
Julie RohmDirector
Michael WeissDirector
SHAUN O'NIELDirector
Taylor DavisDirector
Trey AlterDirector
Alfred E MartinAsst Treasurer
Jim KerchevalSecretary
Andrew G HoffmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$82,942,154
Program Service Revenue
$50,000
Investment Income
$959
Other Revenue
$1,045
All Other Contributions
$82,525,394
Change in Net Assets
$80,457,649

Noncash Contribution Practices

Property subject to holding requirements
Yes
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$81,900,000Cost Basis of Donated Asset
Other Non Cash Contri Table36$510,996Cost Basis of Donated Assets
Other Non Cash Contri Table1$59,398Cost Basis of Donated Items
Total Noncash Contributions38$82,470,394-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,536,509
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$1,979,186--$1,979,186
Other Expenses$416,760--$416,760
Insurance-$42,885-$42,885
Fees for Services Accounting-$11,500-$11,500
Fees for Services Legal-$5,030-$5,030
Fees for Services Management-$1,750-$1,750
Total Functional Expenses$2,475,344$61,165$0$2,536,509
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$69,575
Due to Hagerstown-washington County Industrial Foundation$40,000
Loan From Hagerstown-washington County Industrial Foundation-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“Review of the form 990 is done by one or more of the board members before it is filed.”

Form 990, Part VI, Section B, Line 12C

“Any director of the organization having a conflicting financial interest or other conflicting interest in the subject matter of the action under consideration by the board of directors shall a disclose the fact of the conflicting interest b refrain from any action which may have as its purpose or affect the influencing of the vote of any other director c refrain from voting on the matter under consideration and d if requested to do so by the chairperson, or other person presiding at the meeting, be excused from the meeting during the consideration and voting on the matter.”

Form 990, Part VI, Section C, Line 19

“All of the organizations governing documents are available upon a walk-in request. The foundation maintains copies of of these records and any member of the public may review them.”

Filing and Contact Details

Filer

Filer Name
Hagerstown Multi-use Sports and Events Facility Inc
EIN
61-1999611
Phone
3017392015
Address
1 S POTOMAC STREET, HAGERSTOWN, MD 21740

Signing Officer

Name
Gregory Snook
Title
Presidentceo
Phone
3017392015
Signed
2025-09-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gregory Snook
Formed
2021
Legal Domicile
Md
Voting Board Members
15
Independent Board Members
15
Employees
0

Preparer

Firm
Nyt Cpas
Address
780 FREDERICK ST, HAGERSTOWN, MD 21740
Preparer
Scott N Draper CPA Mba
Phone
3017976609
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“Financial statements are reviewed by the board of directors.”

Form 990, Part XI, Line 9

“Other changes in net assets or fund balance - rounding”

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IRS990/MissionDesc0TO OWN, OPERATE, MAINTAIN, PROMOTE AND LEASE A NEW STADIUM AND MULTI-USE FACILITY CONSTRUCTED IN DOWNTOWN HAGERSTOWN, MD. THE FACILITYS ONE LONG TERM TENANT IS A MINOR LEAGUE BASEBALL TEAM.
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IRS990/OtherExpensesGrp/Desc2FURNISHINGS PURCHASED - STATE OF MD FUNDS
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0GREGORY SNOOK
IRS990/ProfessionalFundraisingInd0false
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IRS990/ProgramServiceRevenueGrp/Desc0EVENTS FACILITY LEASE INCOME
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IRS990/RegularMonitoringEnfrcInd0true
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt083177465
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IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO HAGERSTOWN-WASHINGTON COUNTY INDUSTRIAL FOUNDATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2LOAN FROM HAGERSTOWN-WASHINGTON COUNTY INDUSTRIAL FOUNDATION
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
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IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0Stadium and Land
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc1Furniture and equipment
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc2Small equip/supplies
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0Cost Basis of Donated Asset
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt1Cost Basis of Donated Assets
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt2Cost Basis of Donated Items
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IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0THE STATE OF MARYLAND MARYLAND STADIUM AUTHORITY PAID FOR THE DESIGN AND CONSTRUCTION OF THE STADIUM MERITUS PARK. THE STATE OF MARYLAND ALSO PURCHASED VARIOUS PERSONAL PROPERTY TO BE UTILIZED FOR STADIUM PURPOSES. THE STADIUM WAS CONSTRUCTED AND THE PERSONAL PROPERTY WAS PURCHASED FOR THE SOLE INTENT OF TRANSFERING OWNERSHIP TO THE ORGANIZATION UPON COMPLETION. THEREBY, MAKING THE STADIUM A SELF-CONSTRUCTED ASSET CAPITALIZED AT COST AS OPPOSED TO FAIR MARKET VALUE.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I Line 30a
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVIEW OF THE FORM 990 IS DONE BY ONE OR MORE OF THE BOARD MEMBERS BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANY DIRECTOR OF THE ORGANIZATION HAVING A CONFLICTING FINANCIAL INTEREST OR OTHER CONFLICTING INTEREST IN THE SUBJECT MATTER OF THE ACTION UNDER CONSIDERATION BY THE BOARD OF DIRECTORS SHALL A DISCLOSE THE FACT OF THE CONFLICTING INTEREST B REFRAIN FROM ANY ACTION WHICH MAY HAVE AS ITS PURPOSE OR AFFECT THE INFLUENCING OF THE VOTE OF ANY OTHER DIRECTOR C REFRAIN FROM VOTING ON THE MATTER UNDER CONSIDERATION AND D IF REQUESTED TO DO SO BY THE CHAIRPERSON, OR OTHER PERSON PRESIDING AT THE MEETING, BE EXCUSED FROM THE MEETING DURING THE CONSIDERATION AND VOTING ON THE MATTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL OF THE ORGANIZATIONS GOVERNING DOCUMENTS ARE AVAILABLE UPON A WALK-IN REQUEST. THE FOUNDATION MAINTAINS COPIES OF OF THESE RECORDS AND ANY MEMBER OF THE PUBLIC MAY REVIEW THEM.

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