Minnetonka Youth Hockey Association
- Assets
- $11.2m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 32
- Location
- Minnetonka, MN
- Founding
- 08/1971
- Data as of
- 06/2022
- EIN
- 41-0941925
Organization Overview
Minnetonka Youth Hockey Association is located in Minnetonka, MN. The organization was established in 1971. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Minnetonka Youth Hockey Association employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnetonka Youth Hockey Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Minnetonka Youth Hockey Association generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $2.2m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
YOUTH HOCKEY ASSOCIATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSOCIATION PROVIDES OPPORTUNITY FOR 700+ MINNETONKA AREA BOYS & GIRLS AN OPPORTUNITY TO LEARN AND COMPETE IN THE GAME OF HOCKEY.
ARENA OWNED AND OPERATED BY MYHA IN PARTNERSHIP WITH MINNETONKA SCHOOL DISTRICT 276 TO PROVIDE ICE FOR THE ASSOCIATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bj Klinck President | OfficerTrustee | 15 | $0 |
Chris Jewett Vice Preside | OfficerTrustee | 20 | $0 |
Jessica Cossalter Treasurer | OfficerTrustee | 5 | $0 |
Nicole Zapzalka Secretary | OfficerTrustee | 5 | $0 |
Lindsey Mundy Volunteer Di | OfficerTrustee | 5 | $0 |
Matt Drawz Boys Directo | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,169 |
| Investment income | $4,316 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $245,501 |
| Net Income from Gaming Activities | $87,474 |
| Net Income from Sales of Inventory | $47,964 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,520,815 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $333,092 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,267 |
| Payroll taxes | $26,788 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,420 |
| Advertising and promotion | $0 |
| Office expenses | $9,763 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $65,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $140,245 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $398,160 |
| Insurance | $31,578 |
| All other expenses | $0 |
| Total functional expenses | $2,247,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,335,835 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $59,256 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $186,721 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $607,808 |
| Total assets | $11,192,985 |
| Accounts payable and accrued expenses | $101,369 |
| Grants payable | $0 |
| Deferred revenue | $37,929 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $3,399,491 |
| Other liabilities | $0 |
| Total liabilities | $3,538,789 |
| Net assets without donor restrictions | $7,654,196 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $7,654,196 |