The Herb Brooks Foundation
- Assets
- $690.4k
- Revenue
- $85.3k
- Investments
- $0.0
- Employees
- 0
- Location
- White Bear Lake, MN
- Founding
- 02/1986
- Data as of
- 12/2023
- EIN
- 41-1493766
Organization Overview
The Herb Brooks Foundation is located in White Bear Lake, MN. The organization was established in 1986. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Herb Brooks Foundation 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 12/2023, Herb Brooks Foundation generated $85.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (11.8%) each year. All expenses for the organization totaled $125.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 9 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
GROW THE BASE OF HOCKEY; GIVE KIDS A POSITIVE HOCKEY EXPERIENCE AND AN OPPORTUNITY TO LEARN LIFE LESSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RINK RATS PROGRAM: THE RINK RATS PROGRAM IS A LEARN TO SKATE/HOCKEY PROGRAM FOR "TWIN CITIES" YOUTH WITH REGULAR, POSITIVE ACTIVITY UNDER THE SUPERVISION OF CARING ADULTS. THE PROGRAM ENGAGES YOUTH THROUGH THE SPORT OF HOCKEY, BY INTRODUCING YOUTH AGES 7 TO 12 YEARS OLD TO THE GAME OF HOCKEY. THE RINK RATS PROGRAM IS A HUGE STEP TOWARDS, AS HERB SAID IT, "WIDENING THE PYRAMID." MEANING, THE SPORT OF HOCKEY IS NOT CONSIDERED BY MANY YOUNG PEOPLE BECAUSE OF THE OVER-ORGANIZATION AND EMPHASIS ON ULTRA COMPETITIVE PLAY - ESPECIALLY FOR INNER-CITY YOUTH. THE HERB BROOKS FOUNDATION WANTS TO LET KIDS LIVING IN THE TWIN CITIES REAP THE WONDERFUL BENEFITS OF PLAYING IN A VERY FRIENDLY ENVIRONMENT THAT FOCUSES ON THE POSITIVE DEVELOPMENT OF THE YOUTH.
THE HERB BROOKS HOCKEY CLINIC: THE H B HOCKEY CLINIC PROVIDES OPPORTUNITIES FOR EXISTING INNER CITY PLAYERS TO RECEIVE THE HIGHEST QUALITY INSTRUCTION AT THE HBTC AT NO COST TO PLAYERS OR ORGANIZATIONS. ONE 2 HOUR SESSION PER WEEK OF SKILL DEVELOPMENT TRAINING AT THE HBTC & HERB BROOKS RINK IF PROVIDED AT NO COST TO THE PLAYERS. THIS PROGRAM COVERS 4 WEEKS AND INCLUDES APPORXIMATELY 100 SKATERS. ELEMENTARY SKATING PROGRAM: THIS PROGRAM RUNS FOR 4 WEEKS STARTING ON OR ABOUT THE END OF MARCH AND GOES FOR 4 WEEKS. THIS IS AN EXTENSION OF THE RICK RATS PROGRAM FOR THE BOYS AND GIRLS THAT ATTEND SEWARD ELEMENTARY SCHOOL. THE ON ICE PROGRAM IS DIRECTED BY THE COACHING STAFF AT AUGSBURG COLLEGE AND THE STUDENTS ARE TRANSPORTED TO AND FROM SEWARD TO AUGSBURG VIA MORRIE'S AUTOMOTIVE GROUP VANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Paradise Executive Dir. | OfficerTrustee | 10 | $0 |
Olivia Paradise Treasurer | OfficerTrustee | 10 | $0 |
Ross Bernstein President | OfficerTrustee | 10 | $0 |
Dan Brooks Director | Trustee | 3 | $0 |
Bill Weller Director | Trustee | 1 | $0 |
Bryan Zollman Director | 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 | $48,245 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,245 |
| Total Program Service Revenue | $37,006 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $85,251 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,422 |
| 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. | $27,700 |
| Compensation of current officers, directors, key employees. | $27,700 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,505 |
| Fees for services: Accounting | $3,709 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,050 |
| Office expenses | $1,612 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $500 |
| Travel | $543 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $547 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,609 |
| Insurance | $1,155 |
| All other expenses | $0 |
| Total functional expenses | $125,395 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135,854 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $554,516 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $690,370 |
| Accounts payable and accrued expenses | $1,599 |
| 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 | $1,599 |
| Net assets without donor restrictions | $688,771 |
| 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 | $690,370 |