Mystic Riders Snowmobile Club Inc
- Assets
- $557.6k
- Revenue
- $289.6k
- Investments
- $0.0
- Employees
- 28
- Location
- Princeton, MN
- Founding
- 07/2004
- Data as of
- 12/2022
- EIN
- 93-1122686
Organization Overview
Mystic Riders Snowmobile Club Inc is located in Princeton, MN. The organization was established in 2004. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2022, Mystic Riders Snowmobile Club Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mystic Riders Snowmobile 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, Mystic Riders Snowmobile Club Inc generated $289.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $237.2k during the year ending 12/2022. While expenses have increased by 1.5% per year over the past 5 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MAINTAIN OVER 150 MILES OF PUBLIC USE SNOWMOBILE TRAILS IN CENTRAL MN. TRAILS GO THRU PUBLIC AND PRIVATE LAND.
Describe the Organization's Program Activity:
ORGAINIZE AND MAINTAIN OVER 150 MILES OF LOCAL SNOWMOBILE TRAILS IN CENTRAL MN FOR PUBLIC USE. THE TRAILS ARE PART OF A MN TRAIL SYSTEM OF APPROX. 22,000 MILES. SOME FUNDING IS PROVIDED THRU THE STATE OF MN DNR GRANT PROGRAM. OTHER FUNDING COMES FROM SPECIAL EVENTS, DONATIONS, AND CHARITABLE GAMBLING. MEMBERS OF THE ORGANIZATION VOLUNTEER HUNDREDS OF HOURS WORKING ON THE TRAIL SYSTEM.
OTHER PROGRAM COSTS
MN STATE LAW REQUIRES ALL OPERATORS OF SNOWMOBILES - BORN AFTER 12/31/76 - TO HAVE A SNOWMOBILE SAFETY CERTIFICATE/ENDORSEMENT. THE ORGANIZATION RUNS SAFETY TRAINING CLASSES FOR YOUTH - GENERALLY 12-16 YRS OLD. MATERIALS ARE PROVIDED THROUGH THE MN DNR AND MEMBERS OF THE ORGANIZATION ARE CERTIFIED INSTRUCTORS TO CONDUCT THE CLASSES ALONG WITH OTHER MEMBERS THAT VOLUNTEER.
ORGANIZATION CONDUCTS CHARITABLE GAMBLING ACTIVITIES TO HELP PAY FOR THE COSTS OF MAINTAINING TRAILS. THE ORGANIZATION ALSO MAKES DONATIONS AS REQUIRED BY THE STATE OF MN - TO MAINLY YOUTH ORGANIZATIONS; SCHOLARSHIPS; AND TO MEMORIALS/BENEFITS TO LOCAL NEEDY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Horazuk Trail Admin | Trustee | $0 | |
John Hamann Secretary | Officer | $0 | |
Ed Stofferahn Treasurer | Officer | $0 | |
Stanley Unger CEO | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,475 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $207,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $213,475 |
| Total Program Service Revenue | $51,374 |
| Investment income | $186 |
| 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 | $24,533 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $289,568 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $160,800 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,019 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $258 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,477 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,431 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $78,378 |
| Insurance | $14,804 |
| All other expenses | $0 |
| Total functional expenses | $237,160 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $219,665 |
| Savings and temporary cash investments | $32,929 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,949 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $284,716 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,318 |
| Total assets | $557,577 |
| Accounts payable and accrued expenses | $27,465 |
| 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 | $0 |
| Total liabilities | $27,465 |
| Net assets without donor restrictions | $530,112 |
| 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 | $557,577 |
Grants Awarded
Over the last fiscal year, Mystic Riders Snowmobile Club Inc has awarded $160,800 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TRAIL MAINTENANCE COSTSMYSTIC RIDERS PURPOSE: ASSIST TRAIL COSTS | $97,000 |
STATE REQUIRED DONATIONSMYSTIC RIDERS PURPOSE: TRAIL COSTS & DONAT. | $63,800 |