Missouri
Missouri Hall of Fame leaders address budget concerns
SPRINGFIELD, Mo. (KY3) – It’s been one month since new leadership took over the Missouri Sports Hall of Fame.
The local non-profit is working through financial problems to become profitable again.
The organization had been struggling to pay the charities money they were owed through the Price Cutter Charity Championship golf tournament.
“We damaged our reputation and maybe confidence. I totally understand that,” said Rob Marsh.
Last month, Marsh became CEO and president of the Missouri Sports Hall of Fame. He is responsible for restoring the charity to profitability and making the Price Cutter Charity Championship golf tournament successful again.
“I determined those shortfalls and what we needed to add. At the end of the day we ended up with 7 new events that should give us the revenue to be able to do everything we need to do,” he said.
Besides adding fundraising events for the future, Marsh has to take a look back, including answering questions about the organization’s 2023 tax filing. The document states that former executive director, Jerald Andrews made over $1.2 million.
Marsh said, “It was a retirement account that he had that the hall of fame had nothing to do with in the sense of paying out the distributions. It was a retirement investment.
Marsh says the tax form was filled out incorrectly. The figures should have been entered in the retirement and other deferred compensation column rather than the base compensation column.
“I’m not 100% sure on that as I’m learning still about the forms of 990s and stuff of non-profits. This was all news to me as well. But I knew that something was wrong when it was first announced. Obviously I knew that that wasn’t the case and there had to be some explanation for it,” he said.
Marsh says his focus is getting the charities the money they’re owed and revamping the tournament.
“I understand profit loss and I understand numbers really, really well. Although what had happened in the last 2 years, the intentions were great. There were a lot of great ideas and all that but at the end of the day you got to be able to afford to do it,” he said. “We should be able to meet those obligations. I’m not going to stop until I do. It’s absolutely the right thing to do and it’s one of the reasons I took this job.
We asked about the status of the Hall of Fame museum. Marsh says it will still be a while before it opens, as renovations are still underway.
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