Hibbing-Chisholm Youth Hockey Association
- Assets
- $301.7k
- Revenue
- $324.4k
- Investments
- $0.0
- Employees
- 21
- Location
- Hibbing, MN
- Founding
- 09/1983
- Data as of
- 05/2023
- EIN
- 41-1456753
Organization Overview
Hibbing-Chisholm Youth Hockey Association is located in Hibbing, MN. The organization was established in 1983. 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 05/2023, Hibbing-Chisholm Youth Hockey Association employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hibbing-Chisholm Youth Hockey 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 05/2023, Hibbing-Chisholm Youth Hockey Association generated $324.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $373.5k during the year ending 05/2023. While expenses have increased by 5.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO MAKE HOCKEY AVAILABLE TO ALL YOUTH IN HIBBING, CHISHOLM, AND SURROUNDING COMMUNITIES DESIRING TO PLAY.
Describe the Organization's Program Activity:
SUPPORT AND PROMOTE AMATEUR HOCKEY IN THE HIBBING/CHISHOLM AREA. THE ORGANIZATION HAD APPROXIMATELY 214 YOUTH HOCKEY PLAYERS PARTICIPATE DURING THE 2021-2022 SEASON. THEY COMPRISED 17 TEAMS WITH 57 COACHES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dara Swanson President | OfficerTrustee | 5 | $1,935 |
Brittany Fisher Vice President | Officer | 12 | $1,200 |
Michelle Vesel Secretary | OfficerTrustee | 2 | $0 |
Brian Perpich Treasurer | OfficerTrustee | 2 | $0 |
Jessie Lundquist At Large | Trustee | 1 | $0 |
Chris Zubich At Large | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,989 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,989 |
| Total Program Service Revenue | $208,635 |
| 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 | $35,350 |
| Net Income from Gaming Activities | $55,774 |
| Net Income from Sales of Inventory | $7,115 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $324,395 |
| 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. | $16,150 |
| Compensation of current officers, directors, key employees. | $1,292 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $32,109 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,827 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,666 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,325 |
| Advertising and promotion | $0 |
| Office expenses | $1,362 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $75,254 |
| Travel | $91,606 |
| 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 | $14,244 |
| Insurance | $11,092 |
| All other expenses | $2,138 |
| Total functional expenses | $373,470 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $179,199 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,770 |
| 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 |
| Net Land, buildings, and equipment | $114,703 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $301,672 |
| Accounts payable and accrued expenses | $197 |
| 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 | $197 |
| Net assets without donor restrictions | $301,475 |
| 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 | $301,672 |