Tip Inc
- Assets
- $377.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Brainerd, MN
- Founding
- 02/1994
- Data as of
- 12/2022
- EIN
- 41-1404865
Organization Overview
Tip Inc is located in Brainerd, MN. The organization was established in 1994. According to its NTEE Classification (N61) the organization is classified as: Fishing & Hunting, under the broad grouping of Recreation & Sports and related organizations. This organization is a parent organization of an affiliated group for tax-exemption purposes. Tip 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, Tip Inc generated $61.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $41.9k 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
EDUCATION-TIP EDUCATES THE GENERAL PUBLIC AND OUTDOOR USERS THAT POACHING IS A VIOLATION OF STATE AND FEDERAL GAME AND FISH LAWS. TIP ALSO MAINTAINS THE STATEWIDE HOTLINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristopher Lambke Director | 2 | $0 | |
Peter Lodermeier President | 2 | $0 | |
Diane Britton Treasurer | 2 | $0 | |
Carl Fugleberg Director | 2 | $0 | |
Chad Boesen Director | 2 | $0 | |
Jaime Boesen Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,450 |
| Total Program Service Revenue | $35,935 |
| Membership dues | $0 |
| Investment income | $1,387 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $61,537 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,140 |
| Occupancy, rent, utilities, and maintenance | $12,214 |
| Printing, publications, postage, and shipping | $547 |
| Other expenses | $28,034 |
| Total expenses | $41,935 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $130,869 |
| Other assets | $0 |
| Total assets | $377,297 |
| Total liabilities | $8,783 |
| Net assets or fund balances | $368,514 |