Fogerty Arena The Ice House
- Assets
- $6.7m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 40
- Location
- Blaine, MN
- Founding
- 02/1986
- Data as of
- 06/2022
- EIN
- 41-1421527
Organization Overview
Fogerty Arena The Ice House is located in Blaine, MN. The organization was established in 1986. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Fogerty Arena The Ice House employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fogerty Arena The Ice House 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 06/2022, Fogerty Arena The Ice House generated $2.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $1.8m during the year ending 06/2022. While expenses have increased by 0.0% per year over the past 7 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
TO PROVIDE OUR PATRONS WITH A WORLD CLASS FACILITY AT THE LOWEST POSSIBLE PRICES, TO ASSIST IN KEEPING THE COSTS OF ACTIVITIES IN THE FACILITY AS LOW AS POSSIBLE, SO THAT MORE PEOPLE CAN LEARN TO PLAY AND ENJOY THE WONDERFUL SPORTS OF HOCKEY AND CURLING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ICE TIME FOR THE ADVANCEMENT OF YOUTH HOCKEY AND CURLING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rob Hall Manager | Officer | 40 | $93,807 |
Rex Nelson Secretary/tr | OfficerTrustee | 1 | $0 |
Chuck Mcquillan President | OfficerTrustee | 1 | $0 |
Mark Lee Vice Preside | OfficerTrustee | 1 | $0 |
Tom Berquist Board Member | Trustee | 1 | $0 |
Tony Palumbo Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $519,327 |
| All other contributions, gifts, grants, and similar amounts not included above | $123,697 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $643,024 |
| Total Program Service Revenue | $1,465,149 |
| Investment income | $77 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,530 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$2,436 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,177,633 |
| 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. | $108,854 |
| Compensation of current officers, directors, key employees. | $52,835 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $436,062 |
| Pension plan accruals and contributions | $15,450 |
| Other employee benefits | $85,196 |
| Payroll taxes | $47,519 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,952 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,420 |
| Office expenses | $48,922 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $325,825 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $173,481 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $305,559 |
| Insurance | $44,416 |
| All other expenses | $0 |
| Total functional expenses | $1,813,982 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $723,364 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $61,803 |
| Accounts receivable, net | $59,880 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,157 |
| Prepaid expenses and deferred charges | $54 |
| Net Land, buildings, and equipment | $5,840,426 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,705,684 |
| Accounts payable and accrued expenses | $119,649 |
| Grants payable | $0 |
| Deferred revenue | $17,523 |
| Tax-exempt bond liabilities | $3,896,507 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $81,628 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | -$143,339 |
| Total liabilities | $3,971,968 |
| Net assets without donor restrictions | $2,671,913 |
| Net assets with donor restrictions | $61,803 |
| 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 | $6,705,684 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Fogerty Arena The Ice House has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE PURPOSES | $12,500 |
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE PURPOSES | $12,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Action Of Eastern Iowa Davenport, IA | $4,145,446 | $19,807,458 |
Mahube-Otwa Community Action Partnership Inc Detroit Lakes, MN | $6,691,451 | $20,228,935 |
Upper Des Moines Opportunity Inc Graettinger, IA | $5,376,639 | $17,208,548 |
Community Action Agency Of Siouxland Sioux City, IA | $5,735,581 | $15,017,682 |
Mid-Iowa Community Action -Mica- Incorporated Marshalltown, IA | $3,849,705 | $14,587,976 |
Three Rivers Community Action Inc Zumbrota, MN | $34,597,275 | $14,786,149 |
West Central Wisconsin Community Action Agency Inc Glenwood City, WI | $21,268,900 | $13,007,959 |
Community Action Coaltion For South Central Wisconsin Inc Madison, WI | $4,809,920 | $12,236,312 |
West Central Minnesota Communities Action Inc Elbow Lake, MN | $6,410,822 | $11,174,117 |
Beacon Interfaith Housing Collaborative Saint Paul, MN | $38,850,974 | $10,667,246 |
Childserve Community Options Inc Johnston, IA | $2,057,993 | $11,623,811 |
Lakes And Pines Community Action Council Inc Mora, MN | $3,434,723 | $9,795,071 |