Rosemount Area Athletic Association Inc
- Assets
- $1.0m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 18
- Location
- Rosemount, MN
- Founding
- 06/1978
- Data as of
- 12/2022
- EIN
- 41-1307450
Organization Overview
Rosemount Area Athletic Association Inc is located in Rosemount, MN. The organization was established in 1978. 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 12/2022, Rosemount Area Athletic Association Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rosemount Area Athletic Association 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 12/2022, Rosemount Area Athletic Association Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 2.6% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ROSEMOUNT AREA ATHLETIC ASSOCIATION (RAAA) IS A VOLUNTEER ORGANIZATION THAT SERVES THE CHILDREN OF OUR COMMUNITY THROUGH ATHLETIC PROGRAMS DESIGNED TO DEVELOP BOTH SOCIAL AND ATHLETIC SKILLS.
Describe the Organization's Program Activity:
RAAA PROVIDES PROGRAMS IN ATHLETICS FOR COMMUNITY YOUTH IN ROSEMOUNT, MINNESOTA, FOCUSING ON PROGRAM QUALITY AND AFFORDABILITY. THE ORGANIZATION OFFERS THE FOLLOWING 22 PROGRAMS (WITH NUMBER OF 2022 PARTICIPANTS): TRAVELING BASEBALL (254), IN-HOUSE BASEBALL (591), SPRING LACROSSE (121), SUMMER LACROSSE (205), TRACK (774), TRAVELING SOFTBALL (114), FALL TRAVELING SOFTBALL (87), IN-HOUSE SOFTBALL (180), TRAVELING TENNIS (83), IN-HOUSE TENNIS (101), SOCCER (1,356), GOLF (50), IN-HOUSE FOOTBALL (145), 6-8 GR TRAVELING FOOTBALL (193), CROSS COUNTRY (119), IN-HOUSE VOLLEYBALL (134), FALL TRAVELING VOLLEYBALL (50), JUNIOR OLYMPIC VOLLEYBALL (67), SWIMMING (40), TRAVELING BASKETBALL (242), SPRING TRAVELING BASKETBALL (84), IN-HOUSE BASKETBALL (501). IN 2022, RAAA HAD ALL PROGRAMS AS SCHEDULED, SAW A SEVEN PERCENT OVERALL INCREASE IN PARTICIPANTS, AND EXPERIENCED GROWTH ABOVE PRE-COVID-19 PARTICIPATION NUMBERS. DURING 2022, RAAA GRANTED OVER 140 SCHOLARSHIPS, WORTH ALMOST 18,000 IN TOTAL, TO UNDERPRIVILEGED YOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michele Snare Gambling Man | Trustee | 1 | $18,750 |
Dave Asp Director | Trustee | 1 | $0 |
Josh Behrens Director | Trustee | 1 | $0 |
Jennifer Chappuis Vice Preside | OfficerTrustee | 2 | $0 |
Brianna Hockett Director | Trustee | 10 | $0 |
Eric Jonsgaard Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $50,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $65,995 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $115,995 |
| Total Program Service Revenue | $1,107,969 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $13,135 |
| Net Income from Gaming Activities | -$3,536 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,235,636 |
| 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. | $18,750 |
| Compensation of current officers, directors, key employees. | $9,375 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $154,463 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $72,029 |
| Advertising and promotion | $0 |
| Office expenses | $4,335 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $178,788 |
| Travel | $0 |
| 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 | $2,030 |
| Insurance | $24,011 |
| All other expenses | $118,814 |
| Total functional expenses | $1,156,319 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $924,626 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $74,759 |
| Net Land, buildings, and equipment | $24,357 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,023,742 |
| Accounts payable and accrued expenses | $25,145 |
| Grants payable | $0 |
| Deferred revenue | $173,297 |
| 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 | $198,442 |
| Net assets without donor restrictions | $825,300 |
| 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 | $1,023,742 |