Prior Lake Hockey
- Assets
- $299.4k
- Revenue
- $320.1k
- Investments
- $0.0
- Employees
- 5
- Location
- Prior Lake, MN
- Founding
- 11/1976
- Data as of
- 03/2020
- EIN
- 41-1318178
Organization Overview
Prior Lake Hockey is located in Prior Lake, MN. The organization was established in 1976. According to its NTEE Classification (N68) the organization is classified as: Winter Sports, under the broad grouping of Recreation & Sports and related organizations. As of 03/2022, Prior Lake Hockey employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prior Lake Hockey 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 03/2020, Prior Lake Hockey generated $320.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.1%) each year. All expenses for the organization totaled $284.2k during the year ending 03/2020. As we would expect to see with falling revenues, expenses have declined by (14.6%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION AND PROMOTION OF AMATEUR HOCKEY
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOCKEY EDUCATION AND FULFILLMENT
HOCKEY EDUCATION AND FULFILLMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tony Bianchi Director | OfficerTrustee | 2 | $0 |
Matt Crist Director | OfficerTrustee | 2 | $0 |
Nicole Jacques Secretary | OfficerTrustee | 4 | $0 |
Katie Hadenfeldt Director | OfficerTrustee | 2 | $0 |
Kelly Hoffarth Treasurer | OfficerTrustee | 4 | $0 |
Karl Hovde Vice Preside | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,089 |
| Investment income | $198 |
| 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 | $1,599 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $320,091 |
| 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 | $0 |
| 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 | $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 | $300 |
| Office expenses | $186 |
| Information technology | $5,276 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $170 |
| 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 | $0 |
| Insurance | $5,313 |
| All other expenses | $0 |
| Total functional expenses | $284,221 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $208,092 |
| Savings and temporary cash investments | $70,538 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,776 |
| Total assets | $299,406 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $299,406 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Prior Lake Hockey has recieved totaling $750.
| Awarding Organization | Amount |
|---|---|
Verizon Foundation Basking Ridge, NJ PURPOSE: VIP PAYOUT FOR 02/10/20 | $750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Loppet Foundation Inc Minneapolis, MN | $4,982,965 | $3,219,111 |
American Birkebeiner Ski Foundation Inc Hayward, WI | $7,179,042 | $2,764,424 |
United Heroes League Hastings, MN | $3,084,310 | $3,081,953 |
Eagan Hockey Association Incorporated Eagan, MN | $236,242 | $1,165,383 |
Moorhead Youth Hockey Assn Moorhead, MN | $7,603,734 | $2,426,277 |
Fargo Hockey Association Fargo, ND | $1,287,012 | $1,819,619 |
Milwaukee Jr Admirals Inc Milwaukee, WI | $378,879 | $1,815,838 |
Wisconsin Amateur Hockey Association Inc Mequon, WI | $1,631,368 | $1,828,064 |
Edina Hockey Association Edina, MN | $768,078 | $1,616,429 |
District 284 Youth Hockey Association Golden Valley, MN | $1,155,590 | $1,715,832 |
Dickinson Youth Activities Inc Dickinson, ND | $2,700,930 | $1,609,260 |
Woodbury Area Hockey Club Woodbury, MN | $1,085,854 | $1,679,280 |