Tip Inc
- Assets
- $597.7k
- Revenue
- $190.6k
- Investments
- $0.0
- Employees
- 47
- Location
- Detroit Lakes, MN
- Founding
- 02/1940
- Data as of
- 12/2021
- EIN
- 41-1931233
Organization Overview
Tip Inc is located in Detroit Lakes, MN. The organization was established in 1940. According to its NTEE Classification (D30) the organization is classified as: Wildlife Preservation & Protection, under the broad grouping of Animal-Related and related organizations. As of 12/2021, Tip Inc employed 47 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Tip 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 12/2021, Tip Inc generated $190.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.4% each year .
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATE PUBLIC ABOUT POACHING AND ENCOURAGE THEM TO REPORT NATURAL RESOURCE VIOLATIONS. ALL GENERAL FUND ACTIVITIES ARE REPORTED ON THE STATE LEVEL ORGANIZATION TIP INC EIN 41-1404865.
Describe the Organization's Program Activity:
EDUCATE PUBLIC AGAINST POACHING AND ENCOURAGE THEM TO REPORT NATURAL RESOURCE VIOLATIONS. ALL GENERAL FUND ACTIVITIES ARE RUN THROUGH STATE LEVEL ORGANIZATION TIP INC EIN 41-1404865. THIS IS THE ONLY GROUP MEMBER IN THE GROUP EIN 32-0239608. THE ONLY ACTIVITY REPORTED FOR THIS EIN IS GAMBLING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dayle Peterson Gambling Man | Trustee | 25 | $45,575 |
Ted Breezee CEO | OfficerTrustee | 2 | $0 |
Doug Paskey Secretary/tr | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $67,885 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $67,885 |
| Total Program Service Revenue | $0 |
| Investment income | $15 |
| 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 | $122,659 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $190,559 |
| 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 | $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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $0 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $461,846 |
| Savings and temporary cash investments | $69 |
| Pledges and grants receivable | $122,843 |
| Accounts receivable, net | $162 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,771 |
| 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 | $597,691 |
| Accounts payable and accrued expenses | $40,046 |
| Grants payable | $0 |
| Deferred revenue | $10,824 |
| 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 | $50,870 |
| Net assets without donor restrictions | $546,821 |
| 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 | $597,691 |
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