Vermilion Penquin Snowmobile Club
- Assets
- $353.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Tower, MN
- Founding
- 01/2009
- Data as of
- 04/2022
- EIN
- 41-1478642
Organization Overview
Vermilion Penquin Snowmobile Club is located in Tower, MN. The organization was established in 2009. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, 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. Vermilion Penquin Snowmobile Club 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 04/2022, Vermilion Penquin Snowmobile Club generated $38.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $20.5k during the year ending 04/2022. As we would expect to see with falling revenues, expenses have declined by (6.2%) 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
2022
Describe the Organization's Program Activity:
Part 3
BUILD AND MAINTAIN PUBLIC RECREATIONAL TRAILS IN THE TOWER MINNESOTA AREA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julia Maki Secretary | 1 | $0 | |
Michael Indihar President | 1 | $0 | |
Daniel Broten Vice President | 1 | $0 | |
Jerry Lepper Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,173 |
| Total Program Service Revenue | $31,433 |
| Membership dues | $4,695 |
| Investment income | $10 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $38,311 |
| 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 | $500 |
| Occupancy, rent, utilities, and maintenance | $2,905 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $17,101 |
| Total expenses | $20,506 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $125,258 |
| Other assets | $0 |
| Total assets | $353,287 |
| Total liabilities | $0 |
| Net assets or fund balances | $353,287 |
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