Perham Area Activity Center
- Assets
- $3.8m
- Revenue
- $732.5k
- Investments
- $0.0
- Employees
- 56
- Location
- Perham, MN
- Founding
- 11/1987
- Data as of
- 12/2022
- EIN
- 41-1565457
Organization Overview
Perham Area Activity Center is located in Perham, MN. The organization was established in 1987. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 12/2022, Perham Area Activity Center employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Perham Area Activity Center 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 12/2022, Perham Area Activity Center generated $732.5k 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 (3.8%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOL DISTRICT; EDUCATIONAL NEEDS AND SERVICES; CITY OF PERHAM: RECREATIONAL AND FITNESS PROGRAMS; HOSPITAL: REHABILITATION AND HUMAN WELFARE PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leigh Shebeck Manager | Officer | 40 | $90,583 |
Brad Schmidt City Council Rep | Trustee | 1 | $0 |
Leann Feldt Director | Trustee | 1 | $0 |
Mike Brasel School Rep | Trustee | 1 | $0 |
Tiffany Hemberger Secretary | OfficerTrustee | 1 | $0 |
Marni Moch Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $573,045 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,929 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $590,974 |
| Total Program Service Revenue | $132,485 |
| Investment income | $9,083 |
| 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 | $732,542 |
| 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. | $90,583 |
| Compensation of current officers, directors, key employees. | $30,194 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $408,443 |
| Pension plan accruals and contributions | $5,118 |
| Other employee benefits | $31,035 |
| Payroll taxes | $65,543 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $44,127 |
| Advertising and promotion | $6,199 |
| Office expenses | $6,061 |
| Information technology | $33,985 |
| Royalties | $0 |
| Occupancy | $3,899 |
| 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 | $141,145 |
| Insurance | $16,973 |
| All other expenses | $28,671 |
| Total functional expenses | $1,074,027 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,491 |
| Savings and temporary cash investments | $2,593,399 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,140 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,452 |
| Prepaid expenses and deferred charges | $4,465 |
| Net Land, buildings, and equipment | $1,072,747 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,785,694 |
| Accounts payable and accrued expenses | $45,518 |
| Grants payable | $0 |
| Deferred revenue | $2,306,699 |
| 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 | $76,229 |
| Total liabilities | $2,428,446 |
| 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 | $1,574,720 |
| Retained earnings, endowment, accumulated income, or other funds | -$217,472 |
| Total liabilities and net assets/fund balances | $3,785,694 |