Waseca Community Arena
- Assets
- $1.2m
- Revenue
- $179.9k
- Investments
- $0.0
- Employees
- 9
- Location
- Waseca, MN
- Founding
- 01/1994
- Data as of
- 06/2020
- EIN
- 41-1749124
Organization Overview
Waseca Community Arena is located in Waseca, MN. The organization was established in 1994. According to its NTEE Classification (N31) the organization is classified as: Community Recreational Centers, under the broad grouping of Recreation & Sports and related organizations. As of 06/2022, Waseca Community Arena employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waseca Community Arena 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 06/2020, Waseca Community Arena generated $179.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $149.4k during the year ending 06/2020. While expenses have increased by 1.1% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE COMMUNITY WITH ACCESS TO AFFORDABLE INDOOR SKATING ICE AND A COMMUNITY GATHERING SPACE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE COMMUNITY WITH ACCESS TO AFFORDABLE INDOOR SKATING ICE AND A COMMUNITY GATHERING SPACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Perry Berg President | OfficerTrustee | 6 | $0 |
R Pete Madel III Treasurer | OfficerTrustee | 4 | $0 |
Robert Helms Secretary | OfficerTrustee | 4 | $0 |
Jack Johnson Director | Trustee | 2 | $0 |
Kyle Collins Arena Board Mgr | Trustee | 40 | $0 |
Denny Hoehn Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $35 |
| 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 | $2,792 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $179,938 |
| 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. | $35,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,283 |
| Pension plan accruals and contributions | $1,000 |
| Other employee benefits | $0 |
| Payroll taxes | $4,539 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,324 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $44 |
| Advertising and promotion | $0 |
| Office expenses | $1,594 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,006 |
| Travel | $1,200 |
| 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 | $7,203 |
| Insurance | $16,731 |
| All other expenses | $0 |
| Total functional expenses | $149,350 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,996 |
| Savings and temporary cash investments | $93,310 |
| 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 | $12,500 |
| Total assets | $1,241,181 |
| 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 | $1,241,181 |
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