Minnesota Fastpitch Academy Foundation
- Assets
- $376.7k
- Revenue
- $971.3k
- Investments
- $0.0
- Employees
- 93
- Location
- New Brighton, MN
- Founding
- 03/2014
- Data as of
- 08/2021
- 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 08/2021, Minnesota Fastpitch Academy Foundation employed 93 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 08/2021, Minnesota Fastpitch Academy Foundation generated $971.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 56.4% each year . All expenses for the organization totaled $1.1m during the year ending 08/2021. 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
INSTRUCTION AND ORGANIZATION OF INDIVIDUALS AND TEAMS FOR YOUTH ATHLETICS
Describe the Organization's Program Activity:
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 | $91,205 |
Meggan Wrobel Voting Member | OfficerTrustee | 10 | $80,613 |
Julia Buffington Voting Member | Trustee | 5 | $30,788 |
Emma Hylen Voting Member | Trustee | 5 | $11,146 |
Alex Ehde Voting Member | Trustee | 5 | $10,476 |
Jenna George Voting Member | Trustee | 5 | $9,637 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $103,578 |
| 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 | $103,578 |
| Total Program Service Revenue | $793,281 |
| Investment income | $6,272 |
| 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 | $68,164 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $971,295 |
| 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. | $269,225 |
| Compensation of current officers, directors, key employees. | $26,922 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $217,063 |
| Pension plan accruals and contributions | $14,601 |
| Other employee benefits | $0 |
| Payroll taxes | $66,161 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,689 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $240 |
| Office expenses | $1,481 |
| 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 | $1,463 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,647 |
| Insurance | $14,779 |
| All other expenses | $128,468 |
| Total functional expenses | $1,069,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $225,155 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $113,345 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,110 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $30,652 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,437 |
| Total assets | $376,699 |
| Accounts payable and accrued expenses | $11,811 |
| 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 | $102,718 |
| Total liabilities | $114,529 |
| Net assets without donor restrictions | $262,170 |
| 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 | $376,699 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
West Bend Baseball Assoc West Bend, WI | $113,585 | $220,021 |
Plymouth Wayzata Youth Baseball Association Plymouth, MN | $491,889 | $611,819 |
Minnesota Fastpitch Academy Foundation New Brighton, MN | $376,699 | $971,295 |
Sioux Empire Baseball Association Sioux Falls, SD | $285,861 | $1,051,356 |
Miracle League Of Sioux City Sioux City, IA | $165,311 | $819,432 |
Minnetonka Baseball Association Excelsior, MN | $613,945 | $754,341 |
P G Foundation Inc Cedar Rapids, IA | $478,668 | $1,074,979 |
Kindred Ball Teams Kindred, ND | $135,302 | $0 |
Minnesota Softball Medina, MN | $192,990 | $719,337 |
Harrisburg Baseball Association Inc Harrisburg, SD | $132,185 | $509,471 |
Edina Baseball Association Inc Edina, MN | $392,888 | $620,889 |
Minnetonka Girls Softball Assoc Minnetonka, MN | $174,430 | $402,665 |