Inver Grove Heights Baseball Assn
- Assets
- $219.9k
- Revenue
- $205.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Inver Grove Heights, MN
- Founding
- 08/1994
- Data as of
- 12/2021
- EIN
- 41-1650041
Organization Overview
Inver Grove Heights Baseball Assn is located in Inver Grove Heights, MN. The organization was established in 1994. According to its NTEE Classification (N63) the organization is classified as: Baseball & Softball, 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. Inver Grove Heights Baseball Assn 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 12/2021, Inver Grove Heights Baseball Assn generated $205.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 26.7% each year . All expenses for the organization totaled $105.7k during the year ending 12/2021. While expenses have increased by 17.6% per year over the past 5 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER AND IMPROVE THE SPORT OF BASEBALL. THIS IS ACCOMPLISHED BY DEVELOPING AND PROMOTING AN UNDERSTANDING AND APPRECIATION OF BASEBALL ON PART OF BOTH PARENTS/SUPPORTERS AND ATHLETES. THE IGHBA IS DESIGNED AS A NON-PROFIT CLUB USED TO SUPPORT INVER GROVE HEIGHTS BASEBALL AND OTHER BASEBALL ORGANIZATIONS, AS VOTED APPROPRIATE BY THE REPRESENTING BOARD. EVERYONE IS WELCOME TO MEMBERSHIP (PARTICIPATE) REGARDLESS OF ABILITY, RACE, COLOR, HANDICAP, SEX, FINANCIAL STATUS, AGE OR OTHER DISCRIMINATORY ACTIONS UNLESS LISTED BELOW. WE FOLLOW EOE GUIDELINES.
Describe the Organization's Program Activity:
FOSTER AND IMPROVE THE SPORT OF BASEBALL IN INVER GROVE HEIGHTS. THIS IS ACCOMPLISHED BY DEVELOPING AND PROMOTING AN UNDERSTANDING AND APPRECIATION OF BASEBALL ON PART OF BOTH PARENTS/SUPPORTERS AND ATHLETES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben Kissling Director, At Large | Trustee | 5 | $0 |
Brad Lounsberry Vice President Operations | OfficerTrustee | 10 | $0 |
Laura Devney Secretary | OfficerTrustee | 10 | $0 |
John Schmid Treasurer | OfficerTrustee | 10 | $0 |
Kate Skappel President | OfficerTrustee | 10 | $0 |
Tabitha Alberghetti Director, Gambling Manager | Trustee | 5 | $18,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $112,548 |
| Investment income | $12 |
| 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 | $10,538 |
| Net Income from Sales of Inventory | -$4,708 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $205,640 |
| 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 | $4,825 |
| 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 | $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 | $705 |
| Office expenses | $880 |
| Information technology | $110 |
| Royalties | $0 |
| Occupancy | $7,610 |
| Travel | $360 |
| 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 | $1,679 |
| All other expenses | $0 |
| Total functional expenses | $105,720 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $219,663 |
| Savings and temporary cash investments | $0 |
| 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 | $225 |
| 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 | $219,888 |
| Accounts payable and accrued expenses | $53 |
| Grants payable | $0 |
| Deferred revenue | $3,160 |
| 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 | $3,213 |
| 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 | $216,675 |