Hopkins Raspberry Festival Inc
- Assets
- $182.7k
- Revenue
- $108.5k
- Investments
- $0.0
- Employees
- 11
- Location
- Hopkins, MN
- Founding
- 08/1981
- Data as of
- 10/2020
- EIN
- 41-1390949
Organization Overview
Hopkins Raspberry Festival Inc is located in Hopkins, MN. The organization was established in 1981. According to its NTEE Classification (K99) the organization is classified as: Food, Agriculture & Nutrition N.E.C., under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 10/2020, Hopkins Raspberry Festival Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hopkins Raspberry Festival Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 10/2020, Hopkins Raspberry Festival Inc generated $108.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $55.2k during the year ending 10/2020. 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
FOR SOCIAL AND CIVIC BETTERMENT OF THE CITY OF HOPKINS, MINNESOTA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A MAJOR CITY FESTIVAL EVENT INCLUDING PARADES, DANCE AND FAMILY ACTIVITIES. ALSO INCLUDES VARIOUS SPORTING EVENTS AND TOURNAMENTS FOR THE GENERAL PUBLIC TO PARTICIPATE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susie Normandin Gaming Manag | Officer | 32 | $48,509 |
Charlie Yunker President | OfficerTrustee | 1 | $0 |
Jeff Dulac Vice Preside | OfficerTrustee | 1 | $0 |
Loujean Gleason Executive Di | OfficerTrustee | 1 | $0 |
Beth Koehler Secretary | OfficerTrustee | 1 | $0 |
Aubree Yunker Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,497 |
| Investment income | $10 |
| 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 | $103,943 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $108,450 |
| 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 | $18,300 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,085 |
| Fees for services: Accounting | $900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,185 |
| Office expenses | $3,269 |
| Information technology | $1,375 |
| Royalties | $0 |
| Occupancy | $9,000 |
| 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 | $0 |
| Insurance | $3,739 |
| All other expenses | $0 |
| Total functional expenses | $55,224 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,568 |
| Savings and temporary cash investments | $30,427 |
| 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 | $35,000 |
| Inventories for sale or use | $1,670 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $182,665 |
| Accounts payable and accrued expenses | $2,528 |
| 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 | $27,300 |
| Total liabilities | $29,828 |
| 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 | $152,837 |
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