Brainerd Amateur Hockey Foundation
- Assets
- $4.0m
- Revenue
- $658.2k
- Investments
- $0.0
- Employees
- 15
- Location
- Brainerd, MN
- Founding
- 10/1998
- Data as of
- 03/2024
- EIN
- 41-1777008
Organization Overview
Brainerd Amateur Hockey Foundation is located in Brainerd, MN. The organization was established in 1998. 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 03/2024, Brainerd Amateur Hockey Foundation employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brainerd Amateur Hockey Foundation 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 03/2024, Brainerd Amateur Hockey Foundation generated $658.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $671.5k during the year ending 03/2024. 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
TO SUPPORT EDUCATION AND DEVELOPMENT OF AMATEUR ATHLETES WHO REQUIRE EQUIPMENT AND FACILITIES IN ORDER TO PERFORM THEIR SPORT. SUCH SPORTS MAY INCLUDE, BUT ARE NOT LIMITED TO, HOCKEY AND FIGURE SKATING. THE PHILOSOPHICAL FOUNDATION OF ITS MISSIONS IS THE BELIEF THAT PARTICIPATION IN ORGANIZED SPORTS CAN MAKE A SIGNIFICANT CONTRIBUTION TO THE SPIRITUAL, ACADEMIC, SOCIAL, AND PHYSICAL DEVELOPMENT OF YOUTH. PARTICIPATION IN ATHLETIC SPORTS IS THEREFORE AN IMPORTANT PART OF A BALANCED LIFESTYLE THAT REINFORCES VALUES TAUGHT IN THE FAMILY AND BY OTHER EDUCATIONAL, RELIGIOUS AND SOCIAL ORGANIZATIONS AND IS AN IMPORTANT PART OF A HEALTHY COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE AFFORDABLE EQUIPMENT, FACILITIES AND EDUCATION OPPORTUNITIES TO AMATEUR ATHLETES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shawn Sundquist President | OfficerTrustee | 2 | $0 |
Bruce Kennedy Treasurer | OfficerTrustee | 2 | $0 |
Tom Pearson Secretary | OfficerTrustee | 2 | $0 |
Jim Brau Executive Di | OfficerTrustee | 40 | $23,077 |
Jason Bassett Director | Trustee | 2 | $0 |
Eric Davidge Director | Trustee | 2 | $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 | $60,200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $60,200 |
| Total Program Service Revenue | $588,425 |
| Investment income | $5,573 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,026 |
| 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 | $658,224 |
| 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. | $23,077 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $102,147 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,529 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,473 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $690 |
| Office expenses | $1,637 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $286,764 |
| Travel | $1,281 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $65,429 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $134,439 |
| Insurance | $24,472 |
| All other expenses | $0 |
| Total functional expenses | $671,529 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,348 |
| Savings and temporary cash investments | $135,509 |
| Pledges and grants receivable | $20,250 |
| Accounts receivable, net | $79,290 |
| 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 | $3,769,955 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,037,352 |
| Accounts payable and accrued expenses | $62,734 |
| 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 | $1,618,933 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,681,667 |
| Net assets without donor restrictions | $2,355,685 |
| 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 | $4,037,352 |