Rochester Mn Sports
- Assets
- $753.4k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 5
- Location
- Rochester, MN
- Founding
- 06/1992
- Data as of
- 12/2022
- EIN
- 41-1698395
Organization Overview
Rochester Mn Sports is located in Rochester, MN. The organization was established in 1992. 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 12/2022, Rochester MN Sports employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rochester MN Sports 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 12/2022, Rochester MN Sports generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 2.5% per year over the past 8 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 MISSION OF ROCHESTER SPORTS IS TO PROVIDE LEADERSHIP, GUIDANCE, AND EXPERTISE IN ATTRACTING AND ADMINISTERING SPORTING EVENTS OF ALL KINDS IN THE ROCHESTER, MINNESOTA AREA THAT CONTRIBUTE TO THE ECONOMY, QUALITY OF LIFE, AND THAT PROMOTE HEALTHY AND ACTIVE LIVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS AN ORGANIZATION WE WERE ABLE TO GET BACK TO ATTENDING TRADESHOWS. THIS ALLOWED US TO NETWORK AND HAVE CONVERSATIONS WITH ORGANIZERS FOR PROSPECTIVE EVENTS. WE HOSTED AND ASSISTED WITH 92 EVENTS IN 2022. ESTIMATED NUMBER OF VISITORS WAS 146,200. ESTIMATED ANNUAL EVENT PROFIT WAS 76,000. ESTIMATED ECONOMIC IMPACT WAS 24,850,000. WE HAD 24,926 ROOM NIGHTS REPORTED. AN ESTIMATED 29,911 ROOM NIGHTS CAME FROM SPORTS EVENTS IN 2022. ALL OF THESE NUMBERS WERE UP SIGNIFICANTLY FROM 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Esau Executive Di | Officer | 40 | $99,990 |
Jeremy Aagard Director | Trustee | $0 | |
Marshall Behrens Treasurer | Trustee | $0 | |
Rob Cothern Director | Trustee | $0 | |
Matt Davidson Secretary | Trustee | $0 | |
Bob Groettum Director | Trustee | $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 | $525,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $525,000 |
| Total Program Service Revenue | $683,931 |
| Investment income | $112 |
| 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 | $19,343 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,228,386 |
| 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 | $316,744 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $30,797 |
| Payroll taxes | $23,869 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,653 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,511 |
| Office expenses | $5,046 |
| Information technology | $14,611 |
| 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 | $7,284 |
| All other expenses | $96,692 |
| Total functional expenses | $1,079,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $724,170 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,357 |
| 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 | $3,252 |
| Net Land, buildings, and equipment | $609 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $753,388 |
| Accounts payable and accrued expenses | $23,596 |
| Grants payable | $0 |
| Deferred revenue | $13,500 |
| 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 | $37,096 |
| Net assets without donor restrictions | $716,292 |
| 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 | $753,388 |