Loretto Community Athletic Association
- Assets
- $130.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Loretto, MN
- Founding
- 02/2002
- Data as of
- 12/2022
- EIN
- 41-1390592
Organization Overview
Loretto Community Athletic Association is located in Loretto, MN. The organization was established in 2002. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loretto Community Athletic 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 12/2022, Loretto Community Athletic Association generated $34.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $45.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Doboszenski Board | 1 | $0 | |
Shelly Koch Vice President | 1 | $0 | |
Herb Koch Treasurer | 3 | $0 | |
Glenn Schneider President | 2 | $0 | |
Ben Scanlon Board | 1 | $0 | |
Brandon Scanlon Board | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,390 |
| Total Program Service Revenue | $18,673 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $14,144 |
| Other Revenue | $0 |
| Total Revenue | $34,207 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,000 |
| Occupancy, rent, utilities, and maintenance | $23,455 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $20,497 |
| Total expenses | $44,952 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $4,766 |
| Other assets | $0 |
| Total assets | $130,854 |
| Total liabilities | $0 |
| Net assets or fund balances | $130,854 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Loretto Community Athletic Association has recieved totaling $300.
| Awarding Organization | Amount |
|---|---|
Bame Foundation Golden Valley, MN PURPOSE: CHARITABLE GIFT | $300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Edina Country Club Edina, MN | $21,372,241 | $7,831,351 |
Wayzata Country Club Wayzata, MN | $17,523,529 | $10,501,613 |
Oak Ridge Country Club Hopkins, MN | $13,821,924 | $8,175,238 |
The Summit League Inc Sioux Falls, SD | $12,416,599 | $5,663,074 |
Minnehaha Country Club Sioux Falls, SD | $14,982,683 | $7,335,530 |
Wakonda Club Des Moines, IA | $7,236,069 | $6,317,346 |
Lake Panorama Association Panora, IA | $17,811,601 | $6,436,840 |
Rochester Golf & Country Club Rochester, MN | $18,588,891 | $5,719,819 |
Hyperion Field Club Johnston, IA | $6,332,058 | $5,789,094 |
Cedar Rapids Country Club Cedar Rapids, IA | $15,264,326 | $6,818,996 |
Westmoor Country Club Brookfield, WI | $8,894,635 | $6,849,120 |
Crow Valley Golf Club Davenport, IA | $9,047,795 | $5,702,774 |