Vasaloppet Inc
- Assets
- $774.8k
- Revenue
- $224.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Mora, MN
- Founding
- 06/1996
- Data as of
- 04/2022
- EIN
- 41-1286376
Organization Overview
Vasaloppet Inc is located in Mora, MN. The organization was established in 1996. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 04/2022, Vasaloppet Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vasaloppet Inc 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 04/2022, Vasaloppet Inc generated $224.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $220.5k during the year ending 04/2022. 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
TO PROMOTE A HEALTHY AND ACTIVE OUTDOOR LIFESTYLE, INCLUDING ECONOMIC AND SOCIAL BENEFITS, THROUGH CROSS COUNTRY SKIING AND RELATED PROGRAMS FOR YOUTH, FAMILIES, AND SERIOUS COMPETITORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION OF ANNUAL CROSS COUNTRY SKI RACE WHICH INCLUDES A NUMBER OF DIFFERENT RACE CLASSES BASED ON SKI STYLE, RACE LENGTH, AND AGE OF PARTICIPANTS. MANY OTHER ACTIVITIES ARE AVAILABLE TO GET YOUTH INVOLVED. TOTAL RACE ENTRIES VARY EACH YEAR DUE TO WEATHER AND SNOW CONDITIONS. PARTICIPATION LEVELS OF 1000 ARE NORMAL. IT TAKES COUNTLESS HOURS OF VOLUNTEER TIME BY LOCAL COMMUNITY MEMBERS AND OTHER LOCAL ORGANIZATIONS TO PROMOTE, ORGANIZE, AND RUN THE RACES. MAINTENANCE OF THE TRAILS USED FOR THE RACE IS ALSO DONE BY NUMEROUS VOLUNTEERS.
THE ORGANIZATION ENCOURAGES THE INTEREST IN CROSS COUNTRY SKIING BY WORKING WITH THE LOCAL SCHOOL DISTRICT AND MAINTAINING PRACTICE LOOPS AVAILABLE TO STUDENTS AND THE GENERAL PUBLIC. MANY HOURS OF VOLUNTEER LABOR GO INTO MAINTAINING THESE LOOPS WHICH ARE ALSO USED ON RACE DAY.
THE ORGANIZATIONS OTHER EXPENSES TO PROMOTE ACTIVITIES TO SUPPORT THEIR OVERALL MISSION, INCLUDING ECONOMIC AND SOCIAL BENEFITS, THROUGH CROSS COUNTRY SKIING AND RELATED PROGRAMS FOR YOUTH, FAMILIES, AND SERIOUS COMPETITORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chip Gerdin Vice Preside | OfficerTrustee | $0 | |
Jon Larson Treasurer | OfficerTrustee | $0 | |
Tracey Johnson Secretary | OfficerTrustee | $0 | |
Katie Kerr President | Officer | $0 | |
Danna Woods Kranskulla | Trustee | $0 | |
Don Olson Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,406 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $59,406 |
| Total Program Service Revenue | $127,489 |
| Investment income | $23 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $31,685 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,956 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $224,018 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $800 |
| 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 | $17,070 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,327 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,647 |
| 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 | $0 |
| Advertising and promotion | $16,410 |
| Office expenses | $6,334 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,093 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $591 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,016 |
| Insurance | $7,309 |
| All other expenses | $0 |
| Total functional expenses | $220,494 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,647 |
| Savings and temporary cash investments | $32,000 |
| 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 | $3,258 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $666,888 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $774,793 |
| Accounts payable and accrued expenses | $13 |
| Grants payable | $0 |
| Deferred revenue | $12,389 |
| 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 | $30,904 |
| Total liabilities | $43,306 |
| Net assets without donor restrictions | $721,324 |
| Net assets with donor restrictions | $10,163 |
| 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 | $774,793 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Vasaloppet Inc has recieved totaling $9,159.
| Awarding Organization | Amount |
|---|---|
Onan Family Foundation Minneapolis, MN PURPOSE: GENERAL SUPPORT | $8,000 |
Midcontinent Foundation Minneapolis, MN PURPOSE: FUNDS USED TO RUN UTILITY LINES TO THE DEPOT, ADDITIONAL EQUIPMENT TO MANAGE THE POWER, AND ELECTRICIAN FEES FOR THE INSTALLATION AND HOOK UP OF ALL THE COMPONENTS TO THEIR SNOWMAKING SYSTEM. | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $159 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Way Of Greater Milwaukee & Waukesha County Inc Milwaukee, WI | $57,056,595 | $64,052,238 |
Greater Twin Cities United Way Minneapolis, MN | $131,397,199 | $56,166,906 |
Aurora Health Care Foundation Inc Milwaukee, WI | $332,167,553 | $7,899,285 |
United Way Of Central Iowa Des Moines, IA | $37,480,917 | $26,442,012 |
Minneapolis Jewish Federation Minneapolis, MN | $195,630,681 | $22,381,825 |
Milwaukee Jewish Federation Inc Milwaukee, WI | $275,238,952 | $33,191,987 |
United Way Of Dane County Inc Madison, WI | $25,467,311 | $22,528,941 |
Marquardt Home And Community Based Services Inc Watertown, WI | $9,140,172 | $14,598,397 |
Best Buy Foundation Richfield, MN | $56,998,788 | $22,106,255 |
United Way Fox Cities Inc Menasha, WI | $16,186,120 | $10,302,524 |
Sioux Empire United Way Inc Sioux Falls, SD | $14,046,411 | $8,857,048 |
New Harmony Care Center Inc Edina, MN | $17,674,874 | $11,846,414 |