Minnesota Flyers Gymnastics Inc
- Assets
- $434.2k
- Revenue
- $537.4k
- Investments
- $0.0
- Employees
- 42
- Location
- Detroit Lakes, MN
- Founding
- 04/1997
- Data as of
- 12/2022
- EIN
- 41-1825524
Organization Overview
Minnesota Flyers Gymnastics Inc is located in Detroit Lakes, MN. The organization was established in 1997. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Minnesota Flyers Gymnastics Inc employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Flyers Gymnastics 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 12/2022, Minnesota Flyers Gymnastics Inc generated $537.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $602.8k during the year ending 12/2022. While expenses have increased by 7.0% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE AMATEUR YOUTH GYMNASTICS AND FITNESS.
Describe the Organization's Program Activity:
MISSION IS TO PROVIDE A SAFE ATMOSPHERE WHERE FITNESS IS FUN AND CONFIDENCE GROWS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Sprafka President | OfficerTrustee | 2 | $0 |
Jen Smith Vice President | OfficerTrustee | 2 | $0 |
Cassie Welter Secretary | OfficerTrustee | 2 | $0 |
Kelsey Mccombs Treasurer | OfficerTrustee | 2 | $0 |
Jen Hellekson Director | Trustee | 2 | $0 |
Denise Lyngaas Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $18,857 |
| Membership dues | $0 |
| Fundraising events | $34,700 |
| Related organizations | $0 |
| Government grants | $11,250 |
| All other contributions, gifts, grants, and similar amounts not included above | $331,659 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $396,466 |
| Total Program Service Revenue | $282,610 |
| Investment income | $240 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$6,236 |
| Net Income from Gaming Activities | -$139,831 |
| Net Income from Sales of Inventory | $2,811 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $537,383 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $29,062 |
| Compensation of current officers, directors, key employees. | $4,359 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $259,660 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,168 |
| Payroll taxes | $24,283 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,382 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $409 |
| Office expenses | $12,966 |
| Information technology | $12,404 |
| Royalties | $0 |
| Occupancy | $18,101 |
| Travel | $12,012 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,887 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,142 |
| Insurance | $24,746 |
| All other expenses | $32,897 |
| Total functional expenses | $602,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,824 |
| Savings and temporary cash investments | $165,455 |
| 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 | $2,936 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $160,969 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $434,184 |
| Accounts payable and accrued expenses | $2,223 |
| 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 | $2,223 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $308,675 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $123,286 |
| Total liabilities and net assets/fund balances | $434,184 |