Minot Hockey Boosters Inc
- Assets
- $3.4m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 46
- Location
- Minot, ND
- Founding
- 07/1982
- Data as of
- 04/2022
- 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 04/2022, Minot Hockey Boosters Inc employed 46 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 04/2022, Minot Hockey Boosters Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $930.3k during the year ending 04/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Minot Hockey Boosters Inc has awarded 21 individual grants totaling $2,174,857. 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
2022
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 | $115,836 |
Brian Bauman Program Director | Officer | 40 | $85,448 |
Brandi Fjeld Treasurer | OfficerTrustee | 1 | $0 |
Jeremy Ackerman President | OfficerTrustee | 5 | $0 |
Dan Sem Vice President | OfficerTrustee | 5 | $0 |
Stephen Packulak Director | Trustee | 1 | $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 | $15,339 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,339 |
| Total Program Service Revenue | $265,924 |
| Investment income | $29,322 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,515 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,394 |
| Net Income from Gaming Activities | $1,582,505 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,899,211 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $118,459 |
| Grants and other assistance to domestic individuals. | $6,775 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $199,734 |
| Compensation of current officers, directors, key employees. | $119,846 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,954 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,563 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $59,637 |
| Office expenses | $8,160 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $209,271 |
| Travel | $5,925 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,409 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,413 |
| Insurance | $122 |
| All other expenses | $31,617 |
| Total functional expenses | $930,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $847,842 |
| Savings and temporary cash investments | $1,272,103 |
| 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 | $541,713 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $15,403 |
| Investments—publicly traded securities | $758,667 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,435,728 |
| 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 | $209,196 |
| Other liabilities | $0 |
| Total liabilities | $209,196 |
| 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 | $2,620,150 |
| Total liabilities and net assets/fund balances | $3,435,728 |
Grants Awarded
Over the last fiscal year, Minot Hockey Boosters Inc has awarded $86,876 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Minot, ND PURPOSE: TO SUPPORT THE ACTIVITIES OF THE ORGANIZATION | $40,000 |
MINOT GIRLS FASTPITCH PURPOSE: TO SUPPORT THE ACTIVITIES OF THE ORGANIZATION | $15,996 |
Minot, ND PURPOSE: TO SUPPORT THE ACTIVITIES OF THE ORGANIZATION | $10,680 |
Minot, ND PURPOSE: TO SUPPORT THE ACTIVITIES OF THE ORGANIZATION | $5,200 |
Burlington, ND PURPOSE: TO SUPPORT THE ACTIVITIES OF THE ORGANIZATION | $5,000 |
MINOT TRAIL RIDERS PURPOSE: TO SUPPORT THE ACTIVITIES OF THE ORGANIZATION | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Minot Hockey Boosters Inc has recieved totaling $208.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $208 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bridger Bowl Bozeman, MT | $44,447,307 | $17,478,314 |
The Loppet Foundation Inc Minneapolis, MN | $4,982,965 | $3,219,111 |
United Heroes League Hastings, MN | $3,084,310 | $3,081,953 |
Eagan Hockey Association Incorporated Eagan, MN | $236,242 | $1,165,383 |
Moorhead Youth Hockey Assn Moorhead, MN | $7,603,734 | $2,426,277 |
Bridger Ski Foundation Bozeman, MT | $1,336,581 | $2,042,765 |
Fargo Hockey Association Fargo, ND | $1,287,012 | $1,819,619 |
Edina Hockey Association Edina, MN | $768,078 | $1,616,429 |
District 284 Youth Hockey Association Golden Valley, MN | $1,155,590 | $1,715,832 |
Dickinson Youth Activities Inc Dickinson, ND | $2,700,930 | $1,609,260 |
Woodbury Area Hockey Club Woodbury, MN | $1,085,854 | $1,679,280 |
White Bear Lake Area Hockey Association White Bear Lake, MN | $2,865,444 | $2,125,305 |