Fishing For Life
- Assets
- $516.5k
- Revenue
- $714.6k
- Investments
- $0.0
- Employees
- 6
- Location
- Minneapolis, MN
- Founding
- 11/2004
- Data as of
- 12/2021
- EIN
- 43-2058434
Organization Overview
Fishing For Life is located in Minneapolis, MN. The organization was established in 2004. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Fishing For Life employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fishing For Life 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, Fishing For Life generated $714.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.4% each year . All expenses for the organization totaled $509.6k during the year ending 12/2021. While expenses have increased by 10.0% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SERVING YOUTH FAMILY & COMMUNITY THROUGH FISHING AND OUTDOOR PROGRAMS
Describe the Organization's Program Activity:
DEEP C'S\HIGH C'S - DESIGNED TO ENCOURAGE CHRISTIAN SPIRITUAL GROWTH IN YOUTH & MEN
ALL OTHER - VARIOUS EVENTS\PROGRAMS
LAKE EVENTS - PROVIDES OUTDOOR PROGRAMS FOR CHILDREN AND FAMILIES OF MILITARY FAMILIES WHO WERE EITHER KILLED IN ACTION OR FOR OTHER REASONS CANNOT PROVIDE OUTDOOR ACTIVITIES FOR THEIR FAMILIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Goodrich Executive Dir. | OfficerTrustee | 45 | $73,560 |
Chad Lanners COO | OfficerTrustee | 40 | $44,100 |
Brad Patterson Finance Chair | OfficerTrustee | 0 | $0 |
Troy Sonnenfeld President | OfficerTrustee | 0 | $0 |
Cheri Stillwell Secretary | OfficerTrustee | 0 | $0 |
Mary Wilcox Fin Dev Chair | OfficerTrustee | 0 | $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 | $427,375 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $427,375 |
| Total Program Service Revenue | $135,431 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1,771 |
| Net Gain/Loss on Asset Sales | $129,622 |
| Net Income from Fundraising Events | $23,965 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $714,622 |
| 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. | $76,308 |
| Compensation of current officers, directors, key employees. | $28,997 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $202,570 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,830 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,039 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,836 |
| Advertising and promotion | $3,479 |
| Office expenses | $3,480 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,522 |
| Travel | $67,368 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,769 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,720 |
| Insurance | $17,388 |
| All other expenses | $26,522 |
| Total functional expenses | $509,568 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $167,951 |
| Savings and temporary cash investments | $298,859 |
| 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 | $49,690 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $516,500 |
| Accounts payable and accrued expenses | -$5,239 |
| 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 | -$5,239 |
| 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 | $521,739 |
| Total liabilities and net assets/fund balances | $516,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fishing For Life has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Connexus Energy Foundation Ramsey, MN PURPOSE: DONATION | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Thedacare Family Of Foundations Inc Appleton, WI | $89,256,611 | $25,439,996 |
The Hormel Foundation Austin, MN | $1,540,722,314 | $34,366,937 |
South Dakota Community Foundation Pierre, SD | $805,282,495 | $215,504,617 |
Society Of St Vincent De Paul- Twin Cities Minneapolis, MN | $592,562 | $17,408,500 |
Northland Foundation Duluth, MN | $110,895,270 | $27,913,272 |
David Lynch Foundation For Consciousness-Based Education And Fairfield, IA | $9,280,358 | $8,736,448 |
Steve Stricker American Family Insurance Foundation Inc Madison, WI | $5,745,517 | $4,719,862 |
Hope Gospel Mission Inc Eau Claire, WI | $10,860,307 | $6,194,588 |
Community Foundation Of Johnson Coralville, IA | $45,550,796 | $9,673,780 |
The American Center For Philanthropy Inc Northfield, MN | $38,336,369 | $9,301,432 |
Lyon County Riverboat Foundation Inc Rock Rapids, IA | $2,226,608 | $3,365,358 |
Morgan Memorial Foundation Inc Morgan, MN | $3,017,509 | $3,804,451 |