Minnesota Ice Hawks Inc
- Assets
- $54.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 12
- Location
- Cleveland, MN
- Founding
- 03/2002
- Data as of
- 05/2019
- EIN
- 41-1898202
Organization Overview
Minnesota Ice Hawks Inc is located in Cleveland, MN. The organization was established in 2002. According to its NTEE Classification (N68) the organization is classified as: Winter Sports, under the broad grouping of Recreation & Sports and related organizations. As of 05/2019, Minnesota Ice Hawks Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Ice Hawks Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 05/2019, Minnesota Ice Hawks Inc generated $16.5k 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 (51.7%) each year. All expenses for the organization totaled $19.0k during the year ending 05/2019. As we would expect to see with falling revenues, expenses have declined by (51.4%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3
HOCKEY DEVELOPEMENT OPERATIONS CEASED AND THE HOCKEY TEAM WAS SOLD IN APRIL 2018, THEREFOR THERE WERE NO PROGRAM SERVICE ACCOMPLISHMENTS IN THE CURRECT YEAR. 990-N WILL BE FILED IN FUTURE YEARS UNTIL THE ORGANIZATION IS DISOLVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Fatis President | 1 | $0 | |
Nancy Fenrick Secretary/treas | 1 | $0 | |
Nicholas Fenrick Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,200 |
| Membership dues | $0 |
| Investment income | $13,254 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $16,454 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $6,250 |
| Occupancy, rent, utilities, and maintenance | $1,831 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $10,877 |
| Total expenses | $18,958 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $8,543 |
| Other assets | $0 |
| Total assets | $54,551 |
| Total liabilities | $13,306 |
| Net assets or fund balances | $41,245 |