Minnesota Horsemens Benevolent And Protective Association Foundation
- Assets
- $48.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Shakopee, MN
- Founding
- 08/1996
- Data as of
- 12/2022
- EIN
- 41-1627901
Organization Overview
Minnesota Horsemens Benevolent And Protective Association Foundation is located in Shakopee, MN. The organization was established in 1996. According to its NTEE Classification (N69) the organization is classified as: Equestrian, 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. Minnesota Horsemens Benevolent And Protective Association Foundation 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 12/2022, Minnesota Horsemens Benevolent And Protective Association Foundation generated $35.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $89.8k during the year ending 12/2022. 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
PROVIDING OF MEDICAL AND CHILDCARE BENEFITS TO LOW INCOME FAMILIES WHO HAVE A FAMILY MEMBER EMPLOYED BY A HORSEPERSON AS THEIR ON TRACK EMPLOYEE AT CANTERBURY DOWNS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Mattson President | 20 | $0 | |
Tony Rengstorf Vice Preside | 5 | $0 | |
Scott Rake Treasurer | 5 | $0 | |
Claudia Goebel Director | 5 | $0 | |
Joy Gorra Director | 5 | $0 | |
Dan Kjorsvik Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $3,771 |
| Total Revenue | $35,771 |
| 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 | $2,710 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $87,081 |
| Total expenses | $89,791 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $48,729 |
| Other assets | $0 |
| Total assets | $48,729 |
| Total liabilities | $288,150 |
| Net assets or fund balances | -$239,421 |