Northside Boxing Club Inc
- Assets
- $1.5m
- Revenue
- $688.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 07/2014
- Data as of
- 12/2022
- EIN
- 46-5394739
Organization Overview
Northside Boxing Club Inc is located in Minneapolis, MN. The organization was established in 2014. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northside Boxing Club 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 12/2022, Northside Boxing Club Inc generated $688.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $773.2k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
NORTHSIDE BOXING CLUB, INC. PROVIDES A SAFE OUTLET FOR LOCAL YOUTH TO LEARN DISIPLINE, FITNESS, CONFIDENCE AND COMPASSION THROUGH THE SPORT OF BOXING. PROGRAMS ARE FREE FOR YOUTH BETWEEN THE AGES OF 9 AND 21. THE ORGANIZATION RELIES ON CONTRIBUTIONS FROM DONORS AND AREA BUSINESSES. DURING 2022, THE ORGANIZATION HAD APPROXIMATELY 315 KIDS PARTICIPATING IN ACTIVITIES SPONSORED BY NORTHSIDE BOXING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Burnet Director/president | 20 | $0 | |
John Whitaker Director | 1 | $0 | |
Jay Ettinger Director | 1 | $0 | |
Rita Mehta Director | 1 | $0 | |
Matt Forsgren Director | 1 | $0 | |
Kevin Cavanaugh Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $576,355 |
| Interest on Savings | $714 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $409 |
| Other Income | $111,216 |
| Total Revenue | $688,694 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $288,132 |
| Pension plans, employee benefits | $10,920 |
| Interest | $0 |
| Taxes | $387 |
| Depreciation | $44,102 |
| Occupancy | $28,637 |
| Travel, conferences, and meetings | $73,332 |
| Printing and publications | $3,955 |
| Other expenses | $302,595 |
| Total operating and administrative expenses | $773,245 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $773,245 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $564,689 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $32,880 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $890,867 |
| Other assets | $15,000 |
| Total assets | $1,503,436 |
| Accounts payable and accrued expenses | $5,236 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $31,500 |
| Total liabilities | $36,736 |