Und Sports Facilities Inc
- Assets
- $57.5m
- Revenue
- $14.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Grand Forks, ND
- Founding
- 10/2003
- Data as of
- 05/2022
- EIN
- 36-4511153
Organization Overview
Und Sports Facilities Inc is located in Grand Forks, ND. The organization was established in 2003. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Und Sports Facilities 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 05/2022, Und Sports Facilities Inc generated $14.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $13.8m during the year ending 05/2022. 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
TO OPERATE AND MAINTAIN A MULTIPURPOSE SPORTS AND ENTERTAINMENT ARENA IN GRAND FORKS, NORTH DAKOTA, PRIMARILY USED FOR UNIVERSITY OF NORTH DAKOTA ATHLETICS AND ACTIVITIES.
Describe the Organization's Program Activity:
TO OPERATE AND MAINTAIN A MULTIPURPOSE SPORTS AND ENTERTAINMENT ARENA IN GRAND FORKS, NORTH DAKOTA, PRIMARLIY USED FOR UNIVERSITY OF NORTH DAKOTA ATHLETICS AND ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Earl Strinden Through July 2022 President | OfficerTrustee | 1 | $0 |
Jed Shivers Through July 2022 Vice President | OfficerTrustee | 1 | $0 |
Jody Hodgson General Manager | Officer | 1 | $0 |
Michael Bergeron Chief Financial Officer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,367,622 |
| Investment income | $10,001 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $69,811 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $52,008 |
| Net Income from Sales of Inventory | $3,449,188 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,333,337 |
| 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. | $393,788 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,206,192 |
| Pension plan accruals and contributions | $55,053 |
| Other employee benefits | $409,019 |
| Payroll taxes | $294,506 |
| Fees for services: Management | $501,050 |
| Fees for services: Legal | $6,795 |
| Fees for services: Accounting | $15,719 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $42,595 |
| Office expenses | $185,191 |
| Information technology | $91,558 |
| Royalties | $0 |
| Occupancy | $1,415,731 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,084 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,576,671 |
| Insurance | $252,292 |
| All other expenses | $0 |
| Total functional expenses | $13,839,687 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,366,275 |
| 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 | $0 |
| Total assets | $57,543,376 |
| 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 | $57,543,376 |
| 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 |
| Total liabilities and net assets/fund balances | $57,543,376 |