Albert Lea Amateur Hockey Association
- Assets
- $304.7k
- Revenue
- $209.4k
- Investments
- $0.0
- Employees
- 5
- Location
- Albert Lea, MN
- Founding
- 05/1982
- Data as of
- 06/2022
- EIN
- 41-1423317
Organization Overview
Albert Lea Amateur Hockey Association is located in Albert Lea, MN. The organization was established in 1982. As of 06/2022, Albert Lea Amateur Hockey Association employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Albert Lea Amateur 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 06/2022, Albert Lea Amateur Hockey Association generated $209.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $129.9k during the year ending 06/2022. 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
THE GOAL OF OUR YOUTH HOCKEY PROGRAM IS TO PROVIDE EXPERIENCES RESULTING IN A DESIRE TO CONTINUE WITH THE SPORT OF HOCKEY; GIVE OUR CHILDREN A CHANCE TO SEE THEIR WORTH AS AN INDIVIDUAL; AND BY PARTICIPATING, IT WILL HELP TO BUILD GOOD ATTITUDES.
Describe the Organization's Program Activity:
COACHING AND REFEREE EXPENSES - SUPPLIES, INSTRUCTION SCHOOLS AND RELATED COSTS.
PURCHASING OF INDOOR ICE TIME AT THE CITY ARENA FOR PRACTICE AND GAMES FOR THE TRAVELING YOUTH HOCKY TEAMS.
TOURNAMENT, HOCKEY CAMP AND REGISTRATION EXPENSES INCURRED TO RUN LOCAL TOURNAMENTS, ENTRY FEES FOR OTHER TOURNAMENTS AND YOUTH PLAYER REGISTRATIONS.
EQUIPMENT AND UNIFORM PURCHASES FOR THE AREA YOUTH HOCKY PLAYERS TO USE. ADVERTISING AND PRINTING EXPENSES FOR TOURNAMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Troy Prescher Trustee | Trustee | 20 | $21,600 |
Steve Barrett Secretary | Officer | $0 | |
Matt Erickson First Vice P | Officer | $0 | |
Brad Loch Treasurer | Officer | $0 | |
Todd Ulve President | Officer | $0 | |
Alex Johnston 2nd VP | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,053 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,053 |
| Total Program Service Revenue | $146,155 |
| Investment income | $653 |
| 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 | $37,402 |
| Net Income from Sales of Inventory | $13,115 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $209,378 |
| 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 | $0 |
| 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 | $8,012 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,573 |
| Office expenses | $765 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,718 |
| 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 | $0 |
| Insurance | $2,174 |
| All other expenses | $4,878 |
| Total functional expenses | $129,949 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,722 |
| Savings and temporary cash investments | $245,970 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $304,692 |
| Accounts payable and accrued expenses | $1,155 |
| 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 | $1,155 |
| Net assets without donor restrictions | $303,537 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $304,692 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Road Runners Club Of America St Paul, MN | $4,688,484 | $3,965,282 |
American Gold Gymnastics Fargo, ND | $2,095,394 | $2,743,640 |
Northshore Gymnastic Assn Maple Plain, MN | $1,016,234 | $1,756,465 |
Hudson Hockey Association Inc Hudson, WI | $5,018,556 | $3,479,772 |
Geneva Lake Sailing School Inc Fontana, WI | $4,279,820 | $756,637 |
Madison Turners Inc Madison, WI | $1,061,436 | $559,690 |
Dubuque County Hockey Association Dubuque, IA | $95,811 | $363,416 |
Jamestown Gymnastics Club Jamestown, ND | $963,405 | $296,750 |
Three Rivers Gymnastics Wahpeton, ND | $562,982 | $396,628 |
Lancer Youth Hockey Association La Crescent, MN | $533,804 | $204,979 |
Albert Lea Amateur Hockey Association Albert Lea, MN | $304,692 | $209,378 |
Valley Twisters Gymnastics Club Inc Valley City, ND | $200,761 | $0 |