Prairie Grit Adaptive Sports
- Assets
- $2.9m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 19
- Location
- Minot, ND
- Founding
- 08/2017
- Data as of
- 12/2023
- EIN
- 81-3690358
Organization Overview
Prairie Grit Adaptive Sports is located in Minot, ND. The organization was established in 2017. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Prairie Grit Adaptive Sports employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prairie Grit Adaptive Sports 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 12/2023, Prairie Grit Adaptive Sports generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 50.8% each year . All expenses for the organization totaled $962.8k during the year ending 12/2023. While expenses have increased by 54.7% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING SPORTS OPPORTUNITIES FOR YOUTH AND ADULTS LIVING WITH PHYSICAL AND MENTAL DISABILITIES TO ENHANCE THEIR QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREATING OPPORTUNITIES FOR OUR YOUTH, ADULTS AND THEIR FAMILIIES THROUGH ADAPTIVE SPORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Richeson Director | Trustee | 40 | $47,250 |
Aaron Vibeto Director | Trustee | 1 | $0 |
Angie Thompson Secretary | OfficerTrustee | 20 | $5,030 |
Chad Thompson President | OfficerTrustee | 5 | $0 |
Thor Nelson Director | Trustee | 1 | $0 |
Krystal Butgereit Executive Director | OfficerTrustee | 40 | $91,325 |
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 | $374,903 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $374,903 |
| Total Program Service Revenue | $655,447 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $946 |
| Net Income from Fundraising Events | $53,927 |
| Net Income from Gaming Activities | $144,330 |
| Net Income from Sales of Inventory | -$26,454 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,206,167 |
| 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. | $143,605 |
| Compensation of current officers, directors, key employees. | $28,721 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $436,883 |
| Pension plan accruals and contributions | $11,501 |
| Other employee benefits | $0 |
| Payroll taxes | $43,161 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,740 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,282 |
| Advertising and promotion | $13,140 |
| Office expenses | $5,435 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,680 |
| Travel | $6,754 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,500 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $104,175 |
| Insurance | $29,395 |
| All other expenses | $44,233 |
| Total functional expenses | $962,767 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $477,649 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $38,128 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $47,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $30,326 |
| Net Land, buildings, and equipment | $2,275,643 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $15,000 |
| Intangible assets | $0 |
| Other assets | $1,001 |
| Total assets | $2,884,747 |
| Accounts payable and accrued expenses | $5,824 |
| 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 | $1,902,169 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $113,038 |
| Total liabilities | $2,021,031 |
| Net assets without donor restrictions | $848,716 |
| Net assets with donor restrictions | $15,000 |
| 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 | $2,884,747 |