Grandmas Marathon Duluth Inc
- Assets
- $4.5m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 42
- Location
- Duluth, MN
- Founding
- 10/1988
- Data as of
- 09/2022
- EIN
- 41-1573627
Organization Overview
Grandmas Marathon Duluth Inc is located in Duluth, MN. The organization was established in 1988. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. As of 09/2022, Grandmas Marathon Duluth Inc employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grandmas Marathon Duluth Inc 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 09/2022, Grandmas Marathon Duluth Inc generated $3.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $3.3m during the year ending 09/2022. While expenses have increased by 3.6% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE DEVELOPMENT AND PROMOTION OF GRANDMA'S MARATHON AND ITS SUPPORTING EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FULL MARATHON - REGISTERED 8,896 RUNNERS.
HALF MARATHON - REGISTERED 9,622 RUNNERS.
YOUNG ATHLETES WERE PROVIDED WITH UNIFORMS, SPORTS EQUIPMENT, AND SPONSORSHIPS. $27,458.35 WAS PROVIDED FOR TRACK/CROSS COUNTRY SHOES.
OTHER RACES:FITGERS'S 5K - 1039 RUNNERS REGISTEREDNORTH END NIGHTMARE 5K - 592 RUNNERS REGISTEREDST. FENNESSEY 4K - 727 RUNNERS REGISTEREDPARK POINT 5-MILER - 658 RUNNERS REGISTEREDMINNESOTA MILE - 473 RUNNERS REGISTEREDWM 5K: 2787 RUNNERS REGISTERED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shane Bauer Executive Director | Officer | 40 | $112,972 |
John Foschi Secretary/treasurer | OfficerTrustee | 1 | $0 |
Kristi Schmidt Vice Chair | OfficerTrustee | 1 | $0 |
Joe Wicklund At-Large | OfficerTrustee | 1 | $0 |
Wing Chan At-Large | OfficerTrustee | 1 | $0 |
Laurajae Laura Johnson At-Large | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $48,022 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $316,894 |
| Noncash contributions included in lines 1a–1f | $230,943 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $364,916 |
| Total Program Service Revenue | $2,952,125 |
| Investment income | $60,520 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$64,899 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $161,737 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,514,525 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $35,076 |
| Grants and other assistance to domestic individuals. | $27,458 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $147,848 |
| Compensation of current officers, directors, key employees. | $73,925 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $569,257 |
| Pension plan accruals and contributions | $24,987 |
| Other employee benefits | $64,857 |
| Payroll taxes | $51,131 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,926 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,928 |
| Fees for services: Other | $0 |
| Advertising and promotion | $133,122 |
| Office expenses | $163,766 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,318 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,463 |
| Interest | $9,509 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $70,118 |
| Insurance | $33,895 |
| All other expenses | $745,186 |
| Total functional expenses | $3,261,655 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,141 |
| Savings and temporary cash investments | $2,654,066 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $65,047 |
| 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 | $30,444 |
| Net Land, buildings, and equipment | $1,004,660 |
| Investments—publicly traded securities | $727,165 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,529,523 |
| Accounts payable and accrued expenses | $75,714 |
| Grants payable | $0 |
| Deferred revenue | $12,295 |
| 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 | $159,115 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $16,610 |
| Total liabilities | $263,734 |
| Net assets without donor restrictions | $4,265,789 |
| 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 | $4,529,523 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Grandmas Marathon Duluth Inc has recieved totaling $60,050.
| Awarding Organization | Amount |
|---|---|
Members Cooperative Credit Union Duluth, MN PURPOSE: GRANDMA'S MARATHON | $60,000 |
C H Robinson Worldwide Foundation Sioux Falls, SD PURPOSE: GENERAL OPERATING FUND | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Grandmas Marathon Duluth Inc Duluth, MN | $4,529,523 | $3,514,525 |
Usa Clay Target League Eagan, MN | $1,267,194 | $3,236,023 |
Southeast Iowa Regional Riverboat Commission Burlington, IA | $1,006 | $1,423,329 |
Red Wing Municipal Golf Corporation Red Wing, MN | $103,417 | $1,088,707 |
Americas Agricultural Industrial Heritage Landscape Inc Waterloo, IA | $639,960 | $847,872 |
Ahrens Park Foundation Grinnell, IA | $5,714,347 | $745,032 |
Quad Cities Atv Club Inc Virginia, MN | $31,684 | $814,248 |
Fargo Airsho Inc Fargo, ND | $345,922 | $887,899 |
Grand Forks Youth Hockey Association Grand Forks, ND | $611,730 | $993,625 |
Sanford Center Sioux City, IA | $728,408 | $675,442 |
Motion Volleyball Program Sussex, WI | $0 | $418,328 |
Heritage Hill Corporation Green Bay, WI | $165,713 | $495,204 |