Ripple Inc
- Assets
- $120.8k
- Revenue
- $449.8k
- Investments
- $0.0
- Employees
- 18
- Location
- Hopkins, MN
- Founding
- 02/1995
- Data as of
- 08/2020
- EIN
- 41-1657782
Organization Overview
Ripple Inc is located in Hopkins, MN. The organization was established in 1995. According to its NTEE Classification (N66) the organization is classified as: Racquet Sports, under the broad grouping of Recreation & Sports and related organizations. As of 08/2020, Ripple Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ripple 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 08/2020, Ripple Inc generated $449.8k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $428.2k during the year ending 08/2020. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
COMPETITIVE SWIM TEAM
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HURRICANES PROVIDES COMPETITIVE SWIMMING INSTRUCTIONS AND OPPORTUNITIES FOR OVER 250 SWIMMERS, AGES 5 - 18.
THE TEAM PROVIDES COMPETITIVE SWIMMING INSTRUCTIONS AND OPPORTUNITIES FOR MORE THAN 250 SWIMMERS AGES 5 - 18.
THE TEAM PROVIDES COMPETITIVE SWIMMING INSTRUCTIONS AND OPPORTUNITIES FOR MORE THAN 250 SWIMMERS AGES 5 - 18.
THE HURRICANES PROVIDES COMPETITIVE SWIMMING INSTRUCTIONS AND OPPORTUNITIES FOR OVER 250 SWIMMERS, AGES 5 - 18.
THE TEAM PROVIDES COMPETITIVE SWIMMING INSTRUCTIONS AND OPPORTUNITIES FOR MORE THAN 250 SWIMMERS AGES 5 - 18.
THE TEAM PROVIDES COMPETITIVE SWIMMING INSTRUCTIONS AND OPPORTUNITIES FOR MORE THAN 250 SWIMMERS AGES 5 - 18.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Stone Head Coach | Officer | 40 | $60,000 |
Ran Van DE Wynkel Board Member | Trustee | 2 | $0 |
Christine Cahill Board Member | Trustee | 2 | $0 |
Paul Buschmann President | Trustee | 5 | $0 |
David Strauss Board Member | Trustee | 2 | $0 |
Linda Davis Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,080 |
| Investment income | $72 |
| 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 | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $449,789 |
| 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 | $273,369 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $24,500 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,609 |
| 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 | $5,774 |
| Information technology | $4,819 |
| Royalties | $0 |
| Occupancy | $35,096 |
| Travel | $4,050 |
| 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 | $4,006 |
| All other expenses | $0 |
| Total functional expenses | $428,224 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,823 |
| Savings and temporary cash investments | $44,930 |
| 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 | $120,753 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 | $120,753 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ripple Inc has recieved totaling $254.
| Awarding Organization | Amount |
|---|---|
Lumen Clarke M Williams Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $254 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Innercity Tennis Foundation Minneapolis, MN | $4,397,318 | $3,125,271 |
Fox Cities Racquet Club Inc Appleton, WI | $1,857,342 | $780,069 |
St Paul Tennis Club Saint Paul, MN | $1,755,956 | $459,021 |
United States Tennis Association Inc Fond Du Lac, WI | $260,045 | $452,587 |
Ripple Inc Hopkins, MN | $120,753 | $449,789 |
Parkcrest Swim & Tennis Club Inc Madison, WI | $321,908 | $306,856 |
Milwaukee Tennis & Education Foundation Inc Milwaukee, WI | $374,068 | $282,472 |
River Tennis Club Inc River Hills, WI | $817,915 | $220,365 |
Mn North Sports Inc Duluth, MN | $154,664 | $205,728 |
Sconnie Lacrosse Inc Appleton, WI | $28,020 | $0 |
N U S E Hockey Association New Ulm, MN | $58,548 | $164,891 |
Mahtomedi Youth Lacrosse Association Willernie, MN | $64,747 | $152,833 |