Park Rapids Activities Foundation Incorporated
- Assets
- $378.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Park Rapids, MN
- Founding
- 06/1992
- Data as of
- 12/2021
- EIN
- 41-1704411
Organization Overview
Park Rapids Activities Foundation Incorporated is located in Park Rapids, MN. The organization was established in 1992. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, 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. Park Rapids Activities Foundation Incorporated 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, Park Rapids Activities Foundation Incorporated generated $85.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $40.8k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
SUPPORT BOYS AND GIRLS ATHLETICS AND MUSIC PROGRAMS IN PARK RAPIDS MN SCHOOLS WITH APPROXIMATELY 600 PARTICIPANTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steph Carlson President | 1 | $0 | |
Lisa Koppelman Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,922 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $27,586 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $27,805 |
| Other Revenue | $282 |
| Total Revenue | $85,595 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $549 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $263 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $3,921 |
| Other expenses | $1,910 |
| Total expenses | $40,759 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $378,357 |
| Other assets | $0 |
| Total assets | $378,357 |
| Total liabilities | $0 |
| Net assets or fund balances | $378,357 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Park Rapids Activities Foundation Incorporated has recieved totaling $8,005.
| Awarding Organization | Amount |
|---|---|
Sanford Sioux Falls, SD PURPOSE: EDUCATION/WORKFORCE DEVELOPMENT | $8,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metro Sports Foundations Inc Fargo, ND | $24,987,330 | $3,507,729 |
Lakeville Soccer Boosters Inc Lakeville, MN | $714,861 | $1,347,349 |
Friends Of Roseville Park Roseville, MN | $247,094 | $343,434 |
Friends Of The Manitowoc Familyaquatic Center Inc Manitowoc, WI | $269,607 | $8,134 |
Blazing Hearts Appleton, WI | $155,095 | $473,456 |
The Park Foundation Arnolds Park, IA | $0 | $0 |
Minnetonka Touchdown Club Inc Minnetonka, MN | $122,864 | $367,753 |
Fair Underwriters Inc Davenport, IA | $32,444 | $339,422 |
Midwest Gymnastics Booster Club Little Canada, MN | $161,201 | $290,207 |
Hawks Booster Club Inc Chaska, MN | $347,653 | $258,430 |
Eyes Up Sports Ministries Sioux Falls, SD | $143,535 | $286,760 |
Irish Football Boosters Rosemount, MN | $120,916 | $116,488 |