Minot Hockey Boosters Inc
- Assets
- $4.9m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 49
- Location
- Minot, ND
- Founding
- 07/1982
- Data as of
- 04/2023
- EIN
- 45-0365306
Organization Overview
Minot Hockey Boosters Inc is located in Minot, ND. The organization was established in 1982. 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 04/2023, Minot Hockey Boosters Inc employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minot Hockey Boosters 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 04/2023, Minot Hockey Boosters Inc generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $883.0k during the year ending 04/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Minot Hockey Boosters Inc has awarded 22 individual grants totaling $2,236,924. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ORGANIZE AND PROMOTE YOUTH HOCKEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE YOUTH HOCKEY BY ORGANIZING LEAGUES, PROVIDING RINKS AND ARENA FACILITIES, COACHES, REFEREES AND EQUIPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Sem Secretary | OfficerTrustee | 40 | $118,145 |
Stephen Packulak Director | Trustee | 1 | $0 |
Chad Richeson Director | Trustee | 1 | $0 |
Jersey Benson Treasurer | OfficerTrustee | 1 | $0 |
Eric Rolli Director | Trustee | 1 | $0 |
Chad Thompson President | OfficerTrustee | 5 | $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 | $4,424 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,424 |
| Total Program Service Revenue | $271,321 |
| Investment income | $34,773 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,060 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $115,238 |
| Net Income from Gaming Activities | $2,063,047 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,497,236 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $134,870 |
| Grants and other assistance to domestic individuals. | $10,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $204,224 |
| Compensation of current officers, directors, key employees. | $116,348 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,992 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $34,569 |
| Office expenses | $15,193 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $221,157 |
| Travel | $8,999 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,603 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,161 |
| Insurance | $61 |
| All other expenses | $32,773 |
| Total functional expenses | $882,964 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,224,146 |
| Savings and temporary cash investments | $1,608,862 |
| 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 | $588,086 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $9,242 |
| Investments—publicly traded securities | $1,508,667 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,939,003 |
| Accounts payable and accrued expenses | $0 |
| 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 | $98,199 |
| Other liabilities | $0 |
| Total liabilities | $98,199 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $606,382 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $4,234,422 |
| Total liabilities and net assets/fund balances | $4,939,003 |
Grants Awarded
Over the last fiscal year, Minot Hockey Boosters Inc has awarded $82,067 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MINOT AREA HOMELESS COALITION PURPOSE: TO SUPPORT THE ACTIVITIES OF THE ORGANIZATION | $40,000 |
MINOT GIRLS FASTPITCH PURPOSE: TO SUPPORT THE ACTIVITIES OF THE ORGANIZATION | $29,417 |
MAGIC CITY YOUTH BASEBALL PURPOSE: TO SUPPORT THE ACTIVITIES OF THE ORGANIZATION | $5,750 |
PROJECT BEE PURPOSE: TO SUPPORT THE ACTIVITIES OF THE ORGANIZATION | $6,900 |