Spring Lake Park Traveling
- Assets
- $80.9k
- Revenue
- $118.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Blaine, MN
- Founding
- 09/2003
- Data as of
- 04/2024
- EIN
- 41-1724079
Organization Overview
Spring Lake Park Traveling is located in Blaine, MN. The organization was established in 2003. According to its NTEE Classification (N62) the organization is classified as: Basketball, 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. Spring Lake Park Traveling 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 04/2024, Spring Lake Park Traveling generated $118.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $105.1k during the year ending 04/2024. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 4 years. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
WE ARE A SECOND THROUGH EIGHTH GRADE TRAVELING AND RECREATIONAL BASKETBALL CLUB FOR BOTH BOYS AND GIRLS. WE PROVIDE BASKETBALL EQUIPMENT, UNIFORMS, GYM TIME AND SKILLS DEVELOPMENT PROGRAMS FOR ALL PARTICIPANTS. WE ALSO ORGANIZE AND PAY THE REISTRATION FEES FOR ALL GAMES AND TOURNAMENTS THE TEAMS PARTICIPATE IN. WE ORGANIZE AND RUN ALL THE FUNDRAISERS (INCLUDING HOLDING OUR OWN BOYS AND GIRLS TOURNAMENTS) TO HELP PAY FOR ALL THE EQUIPMENT, UNIFORMS, GYM TIME AND TOURNAMENT REGISTRATION FEES PROVIDED BY THE CLUB. THE CLUB IS ORGANIZED AND RUN ENTIRELY BY VOLUNTEERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAID ALL COSTS ASSOCIATED WITH BOYS AND GIRLS TRAVELING BASKETBALL PROGRAMS. THIS INCLUDES GYM TIME, EQUIPMENT, UNIFORMS AND THE COST OF ALL GAMES AND TOURNAMENTS.
PAID ALL COSTS ASSOCIATED WITH BOYS AND GIRLS RECREATIONAL BASKETBALL PROGRAMS. THIS INCLUDES GYM TIME, EQUIPMENT, SHIRTS AND REFEREES.
FINANCIAL ASSISTANCE TO LOCAL CHARITIES AND FAMILIES IN NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Welch President | Officer | 100 | $0 |
Mike Woelffer Vice President | Officer | 100 | $0 |
John Haugen Secretary | Officer | 100 | $0 |
Dave Coleman Treasurer | Officer | 100 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $120,109 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,885 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $136,994 |
| Total Program Service Revenue | $0 |
| Investment income | $32 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$45,453 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $117,967 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $150 |
| Grants and other assistance to domestic individuals. | $500 |
| 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 | $1,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,150 |
| Advertising and promotion | $312 |
| Office expenses | $8,658 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,078 |
| Travel | $5,000 |
| 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 | $3,844 |
| All other expenses | $9,680 |
| Total functional expenses | $105,124 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $80,872 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $80,872 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $80,872 |
| Total liabilities and net assets/fund balances | $80,872 |