Minnesota Boat Club
- Assets
- $613.7k
- Revenue
- $84.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Mendota Heights, MN
- Founding
- 06/1991
- Data as of
- 12/2021
- EIN
- 41-1696273
Organization Overview
Minnesota Boat Club is located in Mendota Heights, MN. The organization was established in 1991. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, 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 Boat Club 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 12/2021, Minnesota Boat Club generated $84.7k 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 (8.4%) each year. All expenses for the organization totaled $114.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 7 years. 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
PROMOTE FITNESS THROUGH THE SPORT OF ROWING, ASSIST YOUTH AND ADULTS BY PROVIDING EQUIPMENT, TRAINING AND OPPORTUNITIES TO COMPETE AT LOCAL, REGIONAL, NATIONAL AND INTERNATIONAL EVENTS; DUES AND FUNDRAISING TO SUPPORT ACTIVITIES
Describe the Organization's Program Activity:
ADULT RECREATIONAL AND OPEN ROWING PROGRAMS - PARTICIPANTS RECEIVE ACCESS TO FACILITIES AND EQUIPMENT, SUPERVISED TRAINING ON A LIMITED BASIS TO IMPROVE TECHNIQUE AND FITNESS LEVEL. EACH INDIVIDUAL DETERMINES THEIR LEVEL OF PARTICIPATION AND GOALS. THEY CAN ADVANCE TO THE COMPETITIVE PROGRAM AND/OR PARTICIPATE IN LESS STRUCTURED ACTIVITIES.ADULTS AGE 21 AND OLDER. APPROXIMATELY 70% OF OUTLAYS.
HIGH SCHOOL AND COLLEGIATE (AGES 14 TO 22)COMPETITIVE ROWING PROGRAMS - PARTICIPANTS RECEIVE ACCESS TO FACILITIES, EQUIPMENT AND SUPERVISED TRAINING AND OPPORTUNITIES TO COMPETE. APPROXIMATELY OF 20% OUTLAYS.
ADULT ROWING CLASSES - INTRODUCTION TO THE SPORT AND PROVIDE BASIC INSTRUCTIONS IN ROWING TECHNIQUE OVER A SERIES OF CLASSES. GRADUATES CAN ADVANCE TO OTHER PROGRAMS.APPROXIMATELY 10% OF OUTLAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Klecatsky Co Treasurer | Officer | 10 | $0 |
Charlene Mcevoy President | Officer | 6 | $0 |
Susan Tietjen Secretary | Officer | 2 | $0 |
Kurt Hellerstedt Co Treasurer | Officer | 5 | $0 |
Charles Stockwell President Elect | Officer | 5 | $0 |
Elisabeth Bagley Vice President | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $63,033 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,655 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $87,688 |
| Total Program Service Revenue | $46,933 |
| Investment income | $108 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$38,752 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$11,306 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $84,721 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,415 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $795 |
| Royalties | $0 |
| Occupancy | $11,246 |
| 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 | $9,236 |
| Insurance | $1,632 |
| All other expenses | $3,838 |
| Total functional expenses | $114,664 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,143 |
| Savings and temporary cash investments | $67,277 |
| 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 | $380 |
| Net Land, buildings, and equipment | $526,930 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $613,730 |
| 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 | $61,539 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $61,539 |
| 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 | $379,672 |
| Retained earnings, endowment, accumulated income, or other funds | $172,519 |
| Total liabilities and net assets/fund balances | $613,730 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Minnesota Boat Club has recieved totaling $26,967.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $10,000 |
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $9,599 |
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $7,368 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Walter Schroeder Aquatic Center Ltd Brown Deer, WI | $2,876,227 | $1,771,521 |
Rochester Swim Club Orcas Rochester, MN | $1,478,113 | $1,744,806 |
Usa Swimming Inc Minnetonka, MN | $1,086,906 | $1,178,043 |
Waukesha Express Swim Team Inc Waukesha, WI | $109,829 | $1,001,501 |
Usa Swimming Inc New London, WI | $201,918 | $903,511 |
South Metro Storm Swim Club Lakeville, MN | $230,213 | $738,939 |
Sailing Education Association Of Sheboygan Inc Sheboygan, WI | $3,043,659 | $639,193 |
Ozaukee Aquatics Inc Cedarburg, WI | $165,542 | $738,005 |
Edina Swim Club Inc Edina, MN | $440,938 | $736,378 |
Eden Prairie Foxjet Swim Team Eden Prairie, MN | $301,926 | $531,103 |
Milwaukee Community Sailing Center Inc Milwaukee, WI | $2,878,635 | $633,926 |
Minneapolis Sailing Center Minneapolis, MN | $376,071 | $638,488 |