Metro Sports Foundations Inc
- Assets
- $25.0m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 178
- Location
- Fargo, ND
- Founding
- 12/2007
- Data as of
- 04/2022
- EIN
- 20-8723123
Organization Overview
Metro Sports Foundations Inc is located in Fargo, ND. The organization was established in 2007. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, under the broad grouping of Recreation & Sports and related organizations. As of 04/2022, Metro Sports Foundations Inc employed 178 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metro Sports Foundations 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 04/2022, Metro Sports Foundations Inc generated $3.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.6%) each year. All expenses for the organization totaled $4.4m during the year ending 04/2022. 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 Mission:
Part 3 - Line 1
ENRICHING YOUTH ACTIVITIES IN THE FARGO-MOORHEAD AREA THROUGH PROMOTING AND HOSTING SPORTING EVENTS THAT OFFER PLAYERS, COACHES, AND THE COMMUNITY THE OPPORTUNITY TO PARTICIPATE AT THE HIGHEST LEVEL OF SPORTSMANSHIP.
Describe the Organization's Program Activity:
OPERATION OF THE SCHEELS ARENA, A FACILITY PRIMARILY USED FOR THE BENEFIT OF YOUTH HOCKEY IN THE FARGO AREA. THE TYPES OF EVENTS THAT ARE HELD RANGE FROM HOCKEY EVENTS (I.E. FARGO FORCE GAMES, HIGH SCHOOL GAMES, AND TOURNAMENTS) TO COMMUNITY EVENTS (I.E. CONCERTS, WALKS, AND RENTALS).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Johnson Vice President | OfficerTrustee | 1 | $0 |
Jon Kram President | OfficerTrustee | 1 | $0 |
Ben Noonan Director | Trustee | 1 | $0 |
Dan Ness Director | Trustee | 1 | $0 |
Dana Coulter Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $195,283 |
| All other contributions, gifts, grants, and similar amounts not included above | $42,585 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $237,868 |
| Total Program Service Revenue | $2,963,340 |
| Investment income | $54 |
| 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 | $249,866 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,507,729 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $634,994 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,722 |
| Payroll taxes | $72,507 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $39,255 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,122 |
| Office expenses | $6,464 |
| Information technology | $34,618 |
| Royalties | $0 |
| Occupancy | $694,950 |
| Travel | $2,332 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $518,083 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,147,079 |
| Insurance | $65,810 |
| All other expenses | $27,172 |
| Total functional expenses | $4,369,513 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,573,083 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $109,214 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $452,693 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $121,220 |
| Net Land, buildings, and equipment | $22,731,120 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,987,330 |
| Accounts payable and accrued expenses | $2,053,654 |
| Grants payable | $0 |
| Deferred revenue | $623,978 |
| 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 | $12,831,520 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $15,509,152 |
| Net assets without donor restrictions | $0 |
| 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 | $9,478,178 |
| Total liabilities and net assets/fund balances | $24,987,330 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Metro Sports Foundations Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
National Philanthropic Tr Jenkintown, PA PURPOSE: HUMAN SERVICES | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brooklyn Park Firefighters Relief Associ Association Brooklyn Park, MN | $0 | $41,921 |
Metro Sports Foundations Inc Fargo, ND | $24,987,330 | $3,507,729 |
Lakeville Soccer Boosters Inc Lakeville, MN | $714,861 | $1,347,349 |
Friends Of Roseville Park Roseville, MN | $247,094 | $343,434 |
Minnetonka Touchdown Club Inc Minnetonka, MN | $122,864 | $367,753 |
Midwest Gymnastics Booster Club Little Canada, MN | $161,201 | $290,207 |
Hawks Booster Club Inc Chaska, MN | $347,653 | $258,430 |
Eyes Up Sports Ministries Sioux Falls, SD | $143,535 | $286,760 |
Irish Football Boosters Rosemount, MN | $120,916 | $116,488 |
Little Falls Sports Arena Inc Little Falls, MN | $526,452 | $149,501 |
The Jp4 Foundation Vadnais Heights, MN | $302,672 | $394,752 |
Elks Quarterback Club Elk River, MN | $26,886 | $175,630 |