Orono Ice Arena Inc

Organization Overview

Orono Ice Arena Inc is located in Long Lake, MN. The organization was established in 1996. According to its NTEE Classification (N30) the organization is classified as: Physical Fitness & Community Recreational Facilities, under the broad grouping of Recreation & Sports and related organizations. As of 07/2022, Orono Ice Arena Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Orono Ice 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 07/2022, Orono Ice Arena Inc generated $652.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $675.1k during the year ending 07/2022. While expenses have increased by 6.4% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE AND FOSTER ICE SKATING AND ORGANIZED HOCKEY FOR THE LOCAL COMMUNITY, THE ORONO YOUTH HOCKEY ASSOCIATION AND ORONO HIGH SCHOOL.

Describe the Organization's Program Activity:

PROVIDE FACILITIES AND ICE TIME FOR COMMUNITY YOUTH IN ORDER TO FOSTER THE GROWTH AND INTEREST IN YOUTH HOCKEY.


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Board, Officers & Key Employees

Name (title)Compensation
Ryan Meier
Treasurer
$0
Christian Lundsgaard
President
$0
Adam Nafstad
Secretary
$0
Laura Wallander
Board Member
$0
Denny Walsh
Board Member
$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$6,313
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$6,313
Total Program Service Revenue$608,632
Investment income $1,187
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $3,000
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 $13,827
Miscellaneous Revenue$0
Total Revenue $652,164

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Orono Ice Arena Inc has recieved totaling $250.

Awarding OrganizationAmount
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: PROGRAM/OPERATING SUPPORT

$250
View Grant Recipient Profile

Endowment Analysis

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