Delano Area Sports Arena Inc
- Assets
- $991.0k
- Revenue
- $410.8k
- Investments
- $0.0
- Employees
- 8
- Location
- Delano, MN
- Founding
- 10/1994
- Data as of
- 08/2021
- EIN
- 41-1634784
Organization Overview
Delano Area Sports Arena Inc is located in Delano, MN. The organization was established in 1994. According to its NTEE Classification (N30) the organization is classified as: Physical Fitness & Community Recreational Facilities, under the broad grouping of Recreation & Sports and related organizations. As of 08/2021, Delano Area Sports Arena Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delano Area Sports Arena 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 08/2021, Delano Area Sports Arena Inc generated $410.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $311.2k during the year ending 08/2021. While expenses have increased by 3.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO MANANGE AND MAINTAIN AN ICE ARENA WHICH IS USED BY VARIOUS SCHOOL DISTRICTS AND YOUTH HOCKEY CLUBS IN THE SURROUNDING AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTAL AND MAINTENANCE OF ICE ARENA USED BY VARIOUS SCHOOL DISTRICTS AND HOCKEY CLUBS IN THE SURROUNDING AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Troy Schmidt V. Pres | Officer | 2 | $0 |
Mary Louise Van Bergen Sec | Officer | 3 | $0 |
Troy Collings Trea | Officer | 3 | $0 |
Brandon Heinzen Pres | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,963 |
| Investment income | $68 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $11,179 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $410,792 |
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $65,065 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,158 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,415 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,236 |
| Information technology | $2,426 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $20,720 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,209 |
| Insurance | $13,831 |
| All other expenses | $0 |
| Total functional expenses | $311,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,125 |
| Savings and temporary cash investments | $122,312 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $990,994 |
| Accounts payable and accrued expenses | $19,320 |
| 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 | $237,883 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $24,000 |
| Total liabilities | $281,203 |
| Net assets without donor restrictions | $0 |
| 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 | $709,791 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Delano Area Sports Arena Inc has recieved totaling $30.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $30 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dubuque Racing Association Ltd Dubuque, IA | $61,524,340 | $44,438,133 |
Young Mens Christian Association Of Greater Waukesha County Inc New Berlin, WI | $45,522,336 | $21,339,242 |
Detroit Mountain Recreation Area Inc Detroit Lakes, MN | $3,604,000 | $2,203,454 |
New Richmond Area Centre Ltd New Richmond, WI | $2,632,645 | $1,659,233 |
Brown County Ice Management Inc De Pere, WI | $551,946 | $1,678,354 |
Heat Athletics Inc Franklin, WI | $0 | $70,243 |
Hayward Civic Club Inc Hayward, WI | $3,229,551 | $1,328,789 |
Madison Ice Inc Madison, WI | $3,210,061 | $1,229,246 |
Little Earth Residents Association Inc Minneapolis, MN | $940,868 | $1,610,380 |
Arenaco Coralville, IA | $45,872,582 | $554,050 |
Hermantown Arena Board Hermantown, MN | $328,983 | $736,991 |
Orono Ice Arena Inc Long Lake, MN | $3,291,506 | $652,164 |