Aberdeen Family Y Foundation Inc
- Assets
- $1.5m
- Revenue
- $95.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Aberdeen, SD
- Founding
- 08/1992
- Data as of
- 08/2021
- EIN
- 46-0419782
Organization Overview
Aberdeen Family Y Foundation Inc is located in Aberdeen, SD. The organization was established in 1992. According to its NTEE Classification (N30) the organization is classified as: Physical Fitness & Community Recreational Facilities, 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. Aberdeen Family Y Foundation 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 08/2021, Aberdeen Family Y Foundation Inc generated $95.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $11.5k during the year ending 08/2021. While expenses have increased by 4.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT ABERDEEN FAMILY Y YOUTH PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATIONS ARE INVESTED FOR THE PURPOSE OF DISTRIBUTING EARNINGS TO THE ABERDEEN FAMILY YMCA FOR PROMOTION, ENHANCEMENT, AND DEVELOPMENT OF SERVICES TO YOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Bockorny Secretary | OfficerTrustee | 1 | $0 |
Robin Bobzien Vice President | OfficerTrustee | 1 | $0 |
Matt Prehn Treasurer | OfficerTrustee | 1 | $0 |
Dr James Johnston President | OfficerTrustee | 1 | $0 |
Michael Quast CEO | Officer | 1 | $0 |
Bruce Albrecht Finance Manager | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $400 |
| Noncash contributions included in lines 1a–1f | $400 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $400 |
| Total Program Service Revenue | $0 |
| Investment income | $38,593 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $55,999 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $94,992 |
| 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. | $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 | $3,754 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,379 |
| Fees for services: Other | $2,156 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $11,494 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $54,029 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,400,331 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,454,360 |
| 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 | $3,754 |
| Total liabilities | $3,754 |
| Net assets without donor restrictions | $1,450,606 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,454,360 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Aberdeen Family Y Foundation Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Avera Health Sioux Falls, SD PURPOSE: Community Benefit | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Detroit Mountain Recreation Area Inc Detroit Lakes, MN | $3,604,000 | $2,203,454 |
Rabble Mill Lincoln, NE | $1,017,790 | $1,541,481 |
Little Earth Residents Association Inc Minneapolis, MN | $940,868 | $1,610,380 |
Lincoln Sports Foundation Inc Lincoln, NE | $6,238,637 | $1,068,518 |
Arenaco Coralville, IA | $45,872,582 | $554,050 |
Hermantown Arena Board Hermantown, MN | $328,983 | $736,991 |
Orono Ice Arena Inc Long Lake, MN | $3,291,506 | $652,164 |
Dubuque Community Ice & Recreation Center Inc Dubuque, IA | $228,208 | $530,742 |
Huron Area Wellness And Recreation Center Inc Huron, SD | $687,710 | $583,457 |
Minnesota Recreation And Park Association Inc Fridley, MN | $506,858 | $633,493 |
Stadium Managers Association West Des Moines, IA | $537,069 | $426,894 |
Whitefish Sports Facilities Foundation Whitefish, MT | $767,575 | $576,684 |