Rochester Sports Foundation
- Assets
- $139.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lake City, MN
- Founding
- 01/2020
- Data as of
- 12/2022
- EIN
- 84-2551350
Organization Overview
Rochester Sports Foundation is located in Lake City, MN. The organization was established in 2020. According to its NTEE Classification (N19) the organization is classified as: Support N.E.C., 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. Rochester Sports 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, Rochester Sports Foundation generated $33.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (38.9%) each year. All expenses for the organization totaled $73.7k during the year ending 12/2022. 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
PROMOTING INVESTMENTS INTO SPORTS AND RECREATION FACILITIES IN ROCHESTER, MINNESOTA.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carole Shulman Vice President | 1 | $0 | |
Christopher Terry President | 1 | $0 | |
Joe Powers Secretary | 1 | $0 | |
Douglas Holtan Treasurer | 1 | $0 | |
Ed Hruska Director | 15 | $0 | |
Chad Behnken Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,250 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $6,934 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $6,459 |
| Other Revenue | $0 |
| Total Revenue | $33,643 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $58,918 |
| Professional fees and other payments to independent contractors | $4,514 |
| Occupancy, rent, utilities, and maintenance | $780 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $9,501 |
| Total expenses | $73,713 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,003 |
| Other assets | $0 |
| Total assets | $139,561 |
| Total liabilities | $1,470 |
| Net assets or fund balances | $138,091 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sherburne County Snowmobile Trail Association Elk River, MN | $468,435 | $50,547 |
Rochester Sports Foundation Lake City, MN | $139,561 | $0 |
Kidder County Swimming Pool Steele, ND | $118,890 | $0 |
Friends Of Council Grounds State Park Merrill, WI | $45,610 | $0 |
Iowa Rugby Collective Foundation Iowa City, IA | $14,352 | $23,027 |
Fields For Our Future Inc Pella, IA | $355,758 | $0 |
Friends Of Aztalan State Park Inc Lake Mills, WI | $309,100 | $0 |