Vermilion Penquin Snowmobile Club
- Assets
- $404.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Tower, MN
- Founding
- 01/2009
- Data as of
- 04/2024
- EIN
- 41-1478642
Organization Overview
Vermilion Penquin Snowmobile Club is located in Tower, MN. The organization was established in 2009. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vermilion Penquin Snowmobile Club is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 04/2024, Vermilion Penquin Snowmobile Club generated $72.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $22.3k during the year ending 04/2024. 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
2024
Describe the Organization's Program Activity:
Part 3
BUILD AND MAINTAIN PUBLIC RECREATIONAL TRAILS IN THE TOWER MINNESOTA AREA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Indihar President | 1 | $0 | |
Daniel Broten Vice President | 1 | $0 | |
Julia Maki Secretary | 1 | $0 | |
Tammy Mortaloni Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $59,982 |
| Total Program Service Revenue | $8,884 |
| Membership dues | $3,425 |
| Investment income | $14 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $72,305 |
| 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 | $500 |
| Occupancy, rent, utilities, and maintenance | $4,395 |
| Printing, publications, postage, and shipping | $591 |
| Other expenses | $16,773 |
| Total expenses | $22,259 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $162,187 |
| Other assets | $0 |
| Total assets | $404,390 |
| Total liabilities | $0 |
| Net assets or fund balances | $404,390 |