Frosty Riders Inc
- Assets
- $255.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmont, MN
- Founding
- 06/1971
- Data as of
- 12/2022
- EIN
- 23-7102087
Organization Overview
Frosty Riders Inc is located in Wilmont, MN. The organization was established in 1971. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frosty Riders Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Frosty Riders Inc generated $49.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $39.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
SNOWMOBILE TRAIL GROOMING AND RECREATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russell Penning President | 1 | $0 | |
Peter Scholtes Secretary | 1 | $0 | |
Todd Henderson Treasurer | 1 | $0 | |
Travis Ailts Board Member | 1 | $0 | |
Keith Ailts Board Member | 1 | $0 | |
Ben Krohn Trail Coordi | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,541 |
| Total Program Service Revenue | $0 |
| Membership dues | $780 |
| Investment income | $46 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $1,695 |
| Other Revenue | $0 |
| Total Revenue | $49,062 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $610 |
| Occupancy, rent, utilities, and maintenance | $6,244 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $32,434 |
| Total expenses | $39,288 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $58,668 |
| Other assets | $0 |
| Total assets | $255,532 |
| Total liabilities | $102,804 |
| Net assets or fund balances | $152,728 |