Itasca Ski & Outing Club Incorporated
- Assets
- $320.1k
- Revenue
- $198.1k
- Investments
- $0.0
- Employees
- 21
- Location
- Coleraine, MN
- Founding
- 02/2000
- Data as of
- 08/2022
- EIN
- 41-1278788
Organization Overview
Itasca Ski & Outing Club Incorporated is located in Coleraine, MN. The organization was established in 2000. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 08/2022, Itasca Ski & Outing Club Incorporated employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Itasca Ski & Outing Club Incorporated 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 08/2022, Itasca Ski & Outing Club Incorporated generated $198.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.1% each year . All expenses for the organization totaled $274.2k during the year ending 08/2022. While expenses have increased by 15.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
TO MANAGE AND MAINTAIN THE FACILITIES AND GROUNDS OF MOUNT ITASCA IN ORDER TO PROVIDE OPPORTUNITIES TO RESIDENTS OF ITASCA COUNTY AND VISITORS FOR YEAR-ROUND RECREATION, HEALTH, FITNESS AND ATHLETIC EXCELLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ITASCA SKI AND OUTING HOSTED CERTIFIED JUMP TOURNAMENTS ON THE 70 METER HILL HAVING COMPLETED THE CONSTRUCTION OF THE REGULATION SIDEBOARDS. SKI JUMPERS SPORTED NEW SKIS, HELMETS AND BOOTS AT THE TOURNAMENTS. ALL SIX SNOW MAKING GUNS WERE UPGRADED WITH DONATIONS FROM INTERESTED PARTIES. PARENTS ENJOYED LEARNING TO ALPINE SKI OR SNOWBOARD WITH THIER CHILDREN DURING THE AFTER SCHOOL PROGRAMS AND THE SUNDAY AFTERNOON CROSS-COUNTRY SESSIONS. MANY FAMILIES PARTICIPATED IN THE LEARN TO RIDE OR SNOWBOARD, LEARN TO SKI JUMP OR THE CROSS COUNTRY SKI PROGRAMS. TUBING WAS A POPULAR ACTIVITY THROUGHOUT THE SEASON. FOUR SCHOOL DISTRICTS HOSTED TUBING EVENTS FOR STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carter Pederson President | OfficerTrustee | $0 | |
Tasha Klockow Vice Preside | OfficerTrustee | $0 | |
Robert Conzemius Treasurer | OfficerTrustee | $0 | |
Rachel Buchert Secretary | OfficerTrustee | $0 | |
Kurt Mangseth Director | Trustee | $0 | |
Victoria Kragthorpe Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $40,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $59,023 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $99,023 |
| Total Program Service Revenue | $94,026 |
| Investment income | $8 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $198,138 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $49,786 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,716 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,166 |
| Office expenses | $3,835 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,501 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,615 |
| Insurance | $0 |
| All other expenses | $26,796 |
| Total functional expenses | $274,203 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,446 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,121 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $224,369 |
| Investments—publicly traded securities | $127 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $320,063 |
| Accounts payable and accrued expenses | $144 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $144 |
| Net assets without donor restrictions | $319,919 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $320,063 |
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|---|---|---|
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Rochester Golf & Country Club Rochester, MN | $18,588,891 | $5,719,819 |
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Westmoor Country Club Brookfield, WI | $8,894,635 | $6,849,120 |
Crow Valley Golf Club Davenport, IA | $9,047,795 | $5,702,774 |