Fergus Falls Hockey Association
- Assets
- $912.2k
- Revenue
- $465.8k
- Investments
- $0.0
- Employees
- 8
- Location
- Fergus Falls, MN
- Founding
- 03/1972
- Data as of
- 04/2022
- EIN
- 23-7097408
Organization Overview
Fergus Falls Hockey Association is located in Fergus Falls, MN. The organization was established in 1972. According to its NTEE Classification (N68) the organization is classified as: Winter Sports, under the broad grouping of Recreation & Sports and related organizations. As of 04/2023, Fergus Falls Hockey Association employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fergus Falls Hockey Association 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, Fergus Falls Hockey Association generated $465.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $464.4k during the year ending 04/2022. While expenses have increased by 7.1% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ASSOCIATION PROVIDES A FACILITY AND RECREATION PROGRAMS(HOCKEY AND SKATING) FOR FERGUS FALLS AREA YOUTH AGES 18 & UNDER. THE ASSOCIATION PAYS FOR THE SKATING FACILITY AND PROVIDES OPEN SKATING AND HOCKEY TEAMS AND ALL OF THE RELATED EXPENSES ASSOCIATED WITH THESE ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION PROVIDES A RECREATION PROGRAM (HOCKEY AND SKATING) FOR FERGUS FALLS AREA YOUTH AGES 18 & UNDER. THE ASSOCIATION PAYS FOR THE SKATING FACILITY AND PROVIDES OPEN SKATING TO THE GENERAL PUBLIC AND ICE FOR THE YOUTH HOCKEY TEAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josh Shol Director | Trustee | 0 | $8,000 |
Curt Proffit President | OfficerTrustee | 5 | $2,500 |
Mike Welde Director | Trustee | 0 | $2,500 |
Justin Stock Treasurer | OfficerTrustee | 5 | $0 |
Megan Johnson Secretary | OfficerTrustee | 5 | $0 |
Megan Stock Vice President | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $246,194 |
| Investment income | $251 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $44,702 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $39,771 |
| Net Income from Gaming Activities | $5,470 |
| Net Income from Sales of Inventory | $1,447 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $465,796 |
| Statement of Expenses | |
|---|---|
| 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. | $8,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,910 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $3,422 |
| Office expenses | $2,112 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $155,226 |
| 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 | $33,533 |
| Insurance | $3,695 |
| All other expenses | $0 |
| Total functional expenses | $464,448 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $179,831 |
| Savings and temporary cash investments | $15,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $39,993 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $133,356 |
| Total assets | $912,163 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $778,807 |
| Net assets with donor restrictions | $133,356 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $912,163 |