Twin Cities Track Club Foundation
- Assets
- $23.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minnetonka, MN
- Founding
- 04/2016
- Data as of
- 12/2022
- EIN
- 46-3610518
Organization Overview
Twin Cities Track Club Foundation is located in Minnetonka, MN. The organization was established in 2016. According to its NTEE Classification (N30) the organization is classified as: Physical Fitness & Community Recreational Facilities, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Twin Cities Track Club 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 12/2022, Twin Cities Track Club Foundation generated $38.5k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $30.8k during the year ending 12/2022. While expenses have increased by 8.0% per year over the past 2 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
HOPKINS RASPBERRY RUN - THE TCTC FOUNDATION COORDINATED REGISTRATION AND RACE DAY VOLUNTEERS FOR A 5 MILE AND 1 MILE ROAD RACE. PART OF RACE DAY PROCEEDS WERE DONATED TO THE HOPKINS CROSS COUNTRY TEAM KIDS CITY CROSS COUNTRY - PROVIDE COACHING AND CROSS COUNTRY RACES FOR KIDS GRADES 3-8 TO GET INVOLVED IN THE RUNNING COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Drew Lannoye Secretary | 20 | $6,200 | |
Courtney Branch Treasurer | 10 | $0 | |
Kyle Genteman Community Organizer | 10 | $0 | |
Ethan Genteman Community Organizer | 10 | $0 | |
Joe Arnold Community Organizer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $544 |
| Total Program Service Revenue | $37,574 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $38,500 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $6,200 |
| Occupancy, rent, utilities, and maintenance | $523 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $21,559 |
| Total expenses | $30,782 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $23,551 |
| Other assets | $0 |
| Total assets | $23,551 |
| Total liabilities | $0 |
| Net assets or fund balances | $23,551 |