Buffalo Youth Hockey Association
- Assets
- $391.0k
- Revenue
- $770.8k
- Investments
- $0.0
- Employees
- 25
- Location
- Buffalo, MN
- Founding
- 11/1974
- Data as of
- 06/2021
- EIN
- 41-6166655
Organization Overview
Buffalo Youth Hockey Association is located in Buffalo, MN. The organization was established in 1974. According to its NTEE Classification (N68) the organization is classified as: Winter Sports, under the broad grouping of Recreation & Sports and related organizations. As of 06/2022, Buffalo Youth Hockey Association employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buffalo Youth Hockey Association 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 06/2021, Buffalo Youth Hockey Association generated $770.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $523.2k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE, SPONSOR, AND PROVIDE FACILITIES FOR ICE HOCKEY FOR THE YOUTH OF BUFFALO AND SURROUNDING AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUFFALO YOUTH HOCKEY ASSOCIATION SHALL PROMOTE, SPONSOR, PROVIDE FACILITIES FOR, AND ORGANIZE A PROGRAM DEDICATED TO RECREATION, SPORTSMANSHIP, AND EXCELLENCE IN ICE HOCKEY FOR YOUTH IN SCHOOL DISTRICT #877.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lena Gawtry President | OfficerTrustee | 5 | $0 |
Ryan Ferguson Vice President | OfficerTrustee | 5 | $0 |
Danielle Rakos Secretary | OfficerTrustee | 5 | $0 |
Shawn Kirschner Treasurer | OfficerTrustee | 5 | $1,500 |
Jeremy Welter Director | Trustee | 3 | $0 |
Mike Honsey Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,384 |
| Investment income | $109 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $44,229 |
| Net Income from Gaming Activities | $360,228 |
| Net Income from Sales of Inventory | -$3,376 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $770,773 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $980 |
| 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 | $0 |
| 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 | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,900 |
| Advertising and promotion | $3,125 |
| Office expenses | $898 |
| Information technology | $4,000 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $2,640 |
| Insurance | $3,409 |
| All other expenses | $0 |
| Total functional expenses | $523,174 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $153,635 |
| Savings and temporary cash investments | $197,304 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,900 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $17,679 |
| 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 | $390,966 |
| 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 | $390,966 |
Grants Awarded
Over the last fiscal year, Buffalo Youth Hockey Association has awarded $60,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF BUFFALO PURPOSE: DONATION FOR LOSS ON RINK. | $50,000 |
BUFFALO BOYS HOCKEY BOOSTERS PURPOSE: DONATION FOR BOYS TEAMS. | $5,000 |
BISON GIRLS HOCKEY BOOSTERS PURPOSE: DONATION FOR GIRLS TEAMS. | $5,000 |