Minnesota Fastpitch Academy Foundation
- Assets
- $330.8k
- Revenue
- $849.4k
- Investments
- $0.0
- Employees
- 95
- Location
- New Brighton, MN
- Founding
- 03/2014
- Data as of
- 08/2022
- EIN
- 46-0824422
Organization Overview
Minnesota Fastpitch Academy Foundation is located in New Brighton, MN. The organization was established in 2014. According to its NTEE Classification (N63) the organization is classified as: Baseball & Softball, under the broad grouping of Recreation & Sports and related organizations. As of 08/2023, Minnesota Fastpitch Academy Foundation employed 95 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Fastpitch Academy Foundation 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 08/2022, Minnesota Fastpitch Academy Foundation generated $849.4k in total revenue. All expenses for the organization totaled $792.1k during the year ending 08/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
INSTRUCTION AND ORGANIZATION OF INDIVIDUALS AND TEAMS FOR YOUTH ATHLETICS
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION AND ORGANIZATION OF INDIVIDUALS AND TEAMS FOR YOUTH ATHLETICS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Bernstein President/ceo | Officer | 10 | $97,760 |
Jennifer Mcguinness Vice President | Officer | 10 | $4,223 |
Bethany Benting Secretary/voting Member | OfficerTrustee | 10 | $0 |
Angie Jackson Treasurer | Officer | 10 | $54,608 |
Meggan Wrobel Voting Member/gambling Manager | OfficerTrustee | 10 | $74,700 |
Daniel Standering Voting Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $103,368 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,390 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $108,758 |
| Total Program Service Revenue | $763,881 |
| Investment income | $3,425 |
| 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 | -$26,683 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $849,381 |
| 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. | $321,751 |
| Compensation of current officers, directors, key employees. | $32,175 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $108,758 |
| Pension plan accruals and contributions | $15,318 |
| Other employee benefits | $0 |
| Payroll taxes | $68,019 |
| Fees for services: Management | $2,630 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,469 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $699 |
| Office expenses | $3,493 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,053 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $650 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,535 |
| Insurance | $2,814 |
| All other expenses | $0 |
| Total functional expenses | $792,119 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $174,140 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,437 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $115,956 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $699 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $35,579 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $330,811 |
| Accounts payable and accrued expenses | $11,379 |
| 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 | $11,379 |
| Net assets without donor restrictions | $319,432 |
| 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 | $330,811 |