Faribault Hockey Assoc
- Assets
- $252.5k
- Revenue
- $242.7k
- Investments
- $153.0k
- Employees
- 2
- Location
- Faribault, MN
- Founding
- 02/2007
- Data as of
- 06/2021
- EIN
- 41-1568271
Organization Overview
Faribault Hockey Assoc is located in Faribault, MN. The organization was established in 2007. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 06/2021, Faribault Hockey Assoc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Faribault Hockey Assoc 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 06/2021, Faribault Hockey Assoc generated $242.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $152.6k during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MANAGE AND RUN A HOCKEY PROGRAM FOR FARIBAULT AREA YOUTH TO TEACH THE FUNDAMENTAL SKILLS OF HOCKEY AND ENFORCE VALUES OF COMMITMENT AND TEAMWORK ASSOCIATED WITH THE GAME.
Describe the Organization's Program Activity:
YOUTH HOCKEY PROGRAM DESIGNED TO DEVELOP PARTCIPANTS' HOCKEY SKILLS AND KNOWLEDGE OF THE GAME WHILE ALSO TEACHING THE VALUES OF TEAMWORK, COMMITMENT, AND SPORTSMANSHIP.
SPONSORSHIP OF LOCAL YOUTH HOCKEY TOURNAMENTS FOR MOST TEAMS EACH SEASON AT NO COST. IN ADDITION, SPONSORSHIP OF DISTRICT, REGIONAL, AND STATE TOURNAMENTS AS NEEDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Caron Gambling Manager | Trustee | 10 | $8,580 |
Heather Johnson Treasurer | Officer | 1 | $0 |
Shawnda Mittelstaedt Secretary | Officer | 1 | $0 |
Brent Peroutka President | Officer | 1 | $0 |
Jamie Jindra Vice President | Officer | 1 | $0 |
Greg Starkson Referee Coordinator | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $23,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,595 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,595 |
| Total Program Service Revenue | $148,772 |
| Investment income | $7,324 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$18,098 |
| Net Income from Gaming Activities | $81,079 |
| Net Income from Sales of Inventory | -$2,000 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $242,672 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $0 |
| Fees for services: Accounting | $6,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,292 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $31,908 |
| Total functional expenses | $152,632 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,508 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $152,955 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $252,463 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $252,463 |
| 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 | $252,463 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Faribault Hockey Assoc has recieved totaling $1,040.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: PROGRAM/OPERATING SUPPORT | $1,040 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Edina Country Club Edina, MN | $21,372,241 | $7,831,351 |
Wayzata Country Club Wayzata, MN | $17,523,529 | $10,501,613 |
Oak Ridge Country Club Hopkins, MN | $13,821,924 | $8,175,238 |
The Summit League Inc Sioux Falls, SD | $12,416,599 | $5,663,074 |
Minnehaha Country Club Sioux Falls, SD | $14,982,683 | $7,335,530 |
Wakonda Club Des Moines, IA | $7,236,069 | $6,317,346 |
Lake Panorama Association Panora, IA | $17,811,601 | $6,436,840 |
Rochester Golf & Country Club Rochester, MN | $18,588,891 | $5,719,819 |
Hyperion Field Club Johnston, IA | $6,332,058 | $5,789,094 |
Cedar Rapids Country Club Cedar Rapids, IA | $15,264,326 | $6,818,996 |
Westmoor Country Club Brookfield, WI | $8,894,635 | $6,849,120 |
Crow Valley Golf Club Davenport, IA | $9,047,795 | $5,702,774 |