Chisago Lakes Arena Inc

Organization Overview

Chisago Lakes Arena Inc is located in Lindstrom, MN. The organization was established in 1994. According to its NTEE Classification (N31) the organization is classified as: Community Recreational Centers, under the broad grouping of Recreation & Sports and related organizations. As of 12/2020, Chisago Lakes Arena Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chisago Lakes Arena 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 12/2020, Chisago Lakes Arena Inc generated $220.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $333.5k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

CIVIC AND SOCIAL WELFARETHE ORGANIZATION EXISTS TO MANAGE, MAINTAIN AND OPERATE THE ARENA AND DIRECT EXCESS REVENUES TO BE INVESTED IN OUR AREA YOUTH ATHLETIC PROGRAMS. SCHOLARSHIPS ARE GIVEN TO LOCAL YOUTH AS WELL.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION EXISTS TO MANAGE, MAINTAIN ANDOPERATE THE ICE ARENA AND DIRECT EXCESS REVENUESTO BE INVESTED IN OUR AREA YOUTH ATHLETIC PROGRAMS.


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Board, Officers & Key Employees

Name (title)Compensation
Chris Slettom
Manager
$72,796
Greg Radefeldt
Director At Large
$0
Kevin Baumgart
Director At Large
$0
Tom Wilson
Director At Large
$0
Rod Amundson
President
$0
Nancy Radefeldt
Secretary
$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$11,180
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$11,180
Total Program Service Revenue$198,824
Investment income $10,386
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 $220,390

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Chisago Lakes Arena Inc has recieved totaling $2,000.

Awarding OrganizationAmount
Land O L Foundation

St Paul, MN

PURPOSE: DOLLARS FOR DOERS

$1,000
Land O L Foundation

St Paul, MN

PURPOSE: DOLLARS FOR DOERS

$1,000
View Grant Recipient Profile

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