Civic Intelligence

Salina Field House Qualified Active

EIN 81-3096633 • 501(c)3 • Salina, KS

Profile

The corporation is organized to function as a qualified active low-income community business and to lessen the burdens of government on the city of salina kansas.

300 W Ash StreetSalina, KS 67401

www.salinakansas.org

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.99x

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

501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2020

Net Margin

100th percentile

267%

Higher net margin than 100% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

18th percentile

-4.1%

Faster asset growth than 18% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2019 to 2020

Assets

Down

$0

Down $12,290,734 (-100%) from 2022

Liabilities

Down

$0

Down $12,274,728 (-100%) from 2022

Net Assets

Down

$0

Down $16,006 (-100%) from 2022

Revenue

Up

$12,486,600

Up $12,521,213 (+36175%) from 2022

Expenses

Up

$12,502,606

Up $12,478,558 (+51890%) from 2022

Net Income

Up

-$16,006

Up $42,655 (+73%) from 2022

Trend Graphs

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2017: $12,940,207Liabilities 2017: $12,588,533Net Assets 2017: $351,6742017Assets 2018: $13,286,226Liabilities 2018: $12,985,598Net Assets 2018: $300,6282018Assets 2019: $12,895,207Liabilities 2019: $12,669,090Net Assets 2019: $226,1172019Assets 2020: $12,360,880Liabilities 2020: $12,226,802Net Assets 2020: $134,0782020Assets 2021: $12,325,432Liabilities 2021: $12,250,765Net Assets 2021: $74,6672021Assets 2022: $12,290,734Liabilities 2022: $12,274,728Net Assets 2022: $16,0062022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2023

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2017: $8,578Expenses 2017: $7,161Net Income 2017: $1,4172017Revenue 2018: -$7,011Expenses 2018: $44,035Net Income 2018: -$51,0462018Revenue 2019: -$28,948Expenses 2019: $45,563Net Income 2019: -$74,5112019Revenue 2020: -$34,441Expenses 2020: $57,598Net Income 2020: -$92,0392020Revenue 2021: -$35,363Expenses 2021: $24,048Net Income 2021: -$59,4112021Revenue 2022: -$34,613Expenses 2022: $24,048Net Income 2022: -$58,6612022Revenue 2023: $12,486,600Expenses 2023: $12,502,606Net Income 2023: -$16,0062023

Highlighted filing

2023

Revenue$12,486,600
Expenses$12,502,606
Net Income-$16,006

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.1
Gross Receipts
$12,929,906
Mission and Program Overview

Mission

The corporation is organized to function as a qualified active low-income community business and to lessen the burdens of government on the city of salina kansas.

See schedule o for organization's mission. Organized to advance the general welfare and prosperity of the salina area so that its citizens and all areas of its business community shall prosper. All necessary means of promotion shall be provided and particular attention and emphasis shall be given to the economic, civic, commercial, industrial and educational interests of the area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,129,869$0▼ $10,129,869
Prepaid Expenses and Deferred Charges$1,866,041$0▼ $1,866,041
Cash and Non-Interest-Bearing Accounts$185,087$0▼ $185,087
Accounts Receivable$109,737$0▼ $109,737
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$12,290,734$0▼ $12,290,734
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$12,240,905$0▼ $12,240,905
Other Liabilities$20,000$0▼ $20,000
Accounts Payable and Accrued Expenses$13,823$0▼ $13,823
Total Liabilities$12,274,728$0▼ $12,274,728
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$16,006$0▼ $16,006
Total Net Assets Fund Balance$16,006$0▼ $16,006
Total Liabilities and Net Assets / Fund Balance$12,290,734$0▼ $12,290,734
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mike HoppockPresident
Bill LongbineVice President
Greg LenkiewiczDirector
Trent DavisSecretary
Karl RyanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$12,640,000
Investment Income
$1,526
Other Revenue
$-154,926
Change in Net Assets
$-16,006

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,929,906
Revenue Not Reported on Financial Statements
$-443,306
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-443,306
Total Revenue per Audited Statements
$12,929,906
Total Revenue per Form 990
$12,486,600
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$12,502,606
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$399,095--$399,095
Fees for Services Accounting-$10,775-$10,775
Other Expenses$210--$210
All Other Expenses$40--$40
Total Functional Expenses$12,491,831$10,775$0$12,502,606

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$12,945,912
Expenses per Audited Statements$12,502,606
Total Expenses per Form 990$12,502,606
Expenses Not Reported on Form 990$443,306
Expenses Not Reported on Financial Statements$0
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

CITY OF SALINA

Form 990, Part VI, Section A, Line 7A

CITY OF SALINA

Form 990, Part VI, Section A, Line 8B

The organization documented the meetings held or written actions undertaken by the governing body.

Form 990, Part VI, Section B, Line 11B

The designated staff, legal counsel, and accounting firm coordinate and respond to questions. The completed form will then be signed by the president.

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

The monitoring is ongoing as officers and directors issues arise, the issues are brought to attention in the board meetings.

Form 990, Part VI, Section C, Line 19

The policies, governing documents, and financial statements are made available to the public upon request through kansas open records request.

Filing and Contact Details

Filer

Filer Name
Salina Field House Qualified Active
EIN
81-3096633
Phone
7853095700
Address
300 W ASH STREET, SALINA, KS 67401

Signing Officer

Name
Michael Schrage
Title
City Manager
Phone
7853095700
Signed
2024-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karl Ryan
Formed
2016
Legal Domicile
Ks
Voting Board Members
5
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Novogradac & Company Llp
Address
3025 NORTH WOOSTER AVENUE, DOVER, OH 44622
Preparer
Frank Buss Ii
Phone
3303655400
Supplemental Narrative

Additional Explanations

Form 990, Part X

On july 28, 2023, pursuant to a redemption and assignment agreement, the lenders assigned their loans to an investment fund ("fund"). Concurrently, the fund exercised its right under a put agreement and sold its interest to the city of salina, kansas for $1,000. The loans were subsequently forgiven in their entirety. In addition, the premises lease was terminated and all related receivables were written off.

Financial Statement Notes

PART X, LINE 2:

The corporation is a not-for-profit organization exempt from income tax under section 501(c)(3) of the internal revenue code and is exempt from similar state and local taxes. The preparation of financial statements in accordance with accounting principles generally accepted in the united states of america requires the corporation to report information regarding its exposure to various tax positions taken by the corporation. The corporation has determined whether any tax positions have met the recognition threshold and has measured the corporation's exposure to those tax positions. Management believes that the corporation has adequately addressed all relevant tax positions and that there are no unrecorded tax liabilities.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Depreciation - ($328,281) interest expense - ($115,025)

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Depreciation - $328,281 interest expense - $115,025

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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-443306
IRS990ScheduleD/RevenueSubtotalAmt012929906
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM SIMILAR STATE AND LOCAL TAXES. THE PREPARATION OF FINANCIAL STATEMENTS IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES THE CORPORATION TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN BY THE CORPORATION. THE CORPORATION HAS DETERMINED WHETHER ANY TAX POSITIONS HAVE MET THE RECOGNITION THRESHOLD AND HAS MEASURED THE CORPORATION'S EXPOSURE TO THOSE TAX POSITIONS. MANAGEMENT BELIEVES THAT THE CORPORATION HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1DEPRECIATION - ($328,281) INTEREST EXPENSE - ($115,025)
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2DEPRECIATION - $328,281 INTEREST EXPENSE - $115,025
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt012502606
IRS990ScheduleD/TotalRevenuePerForm990Amt012486600
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt012929906
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt012945912
IRS990/ScheduleJRequiredInd00
IRS990ScheduleN/AssetsDistributedInd01
IRS990ScheduleN/AttorneyGeneralNotifiedInd00
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessor2Ind00
IRS990ScheduleN/DirectorOfSuccessorInd00
IRS990ScheduleN/EmployeeOfSuccessor2Ind00
IRS990ScheduleN/EmployeeOfSuccessorInd00
IRS990ScheduleN/LiabilitiesPaidInd01
IRS990ScheduleN/OwnerOfSuccessor2Ind00
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensation2Ind00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CITY OF SALINA
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CITY OF SALINA
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DOCUMENTED THE MEETINGS HELD OR WRITTEN ACTIONS UNDERTAKEN BY THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE DESIGNATED STAFF, LEGAL COUNSEL, AND ACCOUNTING FIRM COORDINATE AND RESPOND TO QUESTIONS. THE COMPLETED FORM WILL THEN BE SIGNED BY THE PRESIDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE MONITORING IS ONGOING AS OFFICERS AND DIRECTORS ISSUES ARISE, THE ISSUES ARE BROUGHT TO ATTENTION IN THE BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE POLICIES, GOVERNING DOCUMENTS, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST THROUGH KANSAS OPEN RECORDS REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ON JULY 28, 2023, PURSUANT TO A REDEMPTION AND ASSIGNMENT AGREEMENT, THE LENDERS ASSIGNED THEIR LOANS TO AN INVESTMENT FUND ("FUND"). CONCURRENTLY, THE FUND EXERCISED ITS RIGHT UNDER A PUT AGREEMENT AND SOLD ITS INTEREST TO THE CITY OF SALINA, KANSAS FOR $1,000. THE LOANS WERE SUBSEQUENTLY FORGIVEN IN THEIR ENTIRETY. IN ADDITION, THE PREMISES LEASE WAS TERMINATED AND ALL RELATED RECEIVABLES WERE WRITTEN OFF.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART X
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CITY OF SALINA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0486017228
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0KS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0YOUTH AND ADULT SPORTING EVENTS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0300 W ASH STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SALINA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0KS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd067401
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd01
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd01
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd01
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0KS
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd01
IRS990/TotalAssetsBOYAmt012290734
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt012290734
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt010775
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt012491831
IRS990/TotalFunctionalExpensesGrp/TotalAmt012502606
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt012274728
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt012274728
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt016006
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt012491831
IRS990/TotalProgramServiceRevenueAmt012640000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01526
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt012485074
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt012486600
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt012290734
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0300 W ASH STREET
IRS990/USAddress/CityNm0SALINA
IRS990/USAddress/StateAbbreviationCd0KS
IRS990/USAddress/ZIPCd067401
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0WWW.SALINAKANSAS.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL SCHRAGE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CITY MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum07853095700
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SALINA FIELD HOUSE QUALIFIED ACTIVE
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0LOW-INCOME COMMUNITY BUSINESS INC
ReturnHeader/Filer/BusinessNameControlTxt0SALI
ReturnHeader/Filer/EIN0813096633
ReturnHeader/Filer/PhoneNum07853095700
ReturnHeader/Filer/USAddress/AddressLine1Txt0300 W ASH STREET
ReturnHeader/Filer/USAddress/CityNm0SALINA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KS
ReturnHeader/Filer/USAddress/ZIPCd067401
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00

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