Tip Inc
- Assets
- $350.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Brainerd, MN
- Founding
- 02/1994
- Data as of
- 12/2021
- EIN
- 41-1404865
Organization Overview
Tip Inc is located in Brainerd, MN. The organization was established in 1994. According to its NTEE Classification (N61) the organization is classified as: Fishing & Hunting, under the broad grouping of Recreation & Sports and related organizations. This organization is a parent organization of an affiliated group for tax-exemption purposes. Tip 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 12/2021, Tip Inc generated $33.8k 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 (4.8%) each year. All expenses for the organization totaled $25.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
EDUCATION-TIP EDUCATES THE GENERAL PUBLIC AND OUTDOOR USERS THAT POACHING IS A VIOLATION OF STATE AND FEDERAL GAME AND FISH LAWS. TIP ALSO MAINTAINS THE STATEWIDE HOTLINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristopher Lambke President | 2 | $0 | |
Peter Lodermeier Vice Preside | 2 | $0 | |
Chad Boesen Director | 2 | $0 | |
Carl Fugleberg Director | 2 | $0 | |
Jaime Boesen Director | 2 | $0 | |
Garrett Adrover Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,087 |
| Total Program Service Revenue | $2,694 |
| Membership dues | $0 |
| Investment income | $1,263 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $33,774 |
| 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 | $356 |
| Occupancy, rent, utilities, and maintenance | $8,450 |
| Printing, publications, postage, and shipping | $191 |
| Other expenses | $16,909 |
| Total expenses | $25,906 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $110,351 |
| Other assets | $0 |
| Total assets | $350,840 |
| Total liabilities | $1,928 |
| Net assets or fund balances | $348,912 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Archery Manufacturers Organization New Ulm, MN | $3,879,932 | $3,915,620 |
Minnesota Deer Hunters Association Grand Rapids, MN | $2,684,292 | $2,238,829 |
Waukesha Gun Club Inc Waukesha, WI | $2,544,034 | $1,548,590 |
National Field Archery Association Of The United States Inc Yankton, SD | $812,907 | $1,099,392 |
Marsh Lake Hunting Preserve Inc Chaska, MN | $2,055,546 | $845,792 |
National Field Archery Association Foundation Yankton, SD | $6,149,143 | $1,080,148 |
South Saint Paul Rod And Gun Club South Saint Paul, MN | $638,921 | $719,232 |
Salmon Unlimited Wisconsin Inc Racine, WI | $345,505 | $833,800 |
Iowa State Trapshooting Assn Harlan, IA | $651,983 | $591,624 |
Red River Regional Marksmanship Center Inc West Fargo, ND | $2,019,599 | $347,307 |
Eau Claire Rod And Gun Club Eau Claire, WI | $560,066 | $511,304 |
Hometown Hero Outdoors Maple Plain, MN | $78,551 | $325,241 |