Civic Intelligence

Minnesota Thunder Academy

EIN 26-3017116 • 501(c)3 • Richfield, MN

Profile

The minnesota thunder academy is a non-profit corporation that promotes the growth and raising the standard of youth soccer in the state of minnesota as well as developing soccer players to the best of their ability.

6600 Nicollet AveRichfield, MN 55423

mnthunderacademy.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

81st percentile

0.46x

Higher debt load relative to assets than 81% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

78th percentile

0.40x

Higher debt load relative to revenue than 78% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

66th percentile

14%

Higher net margin than 66% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

93rd percentile

69%

Faster asset growth than 93% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

74th percentile

26%

Faster revenue growth than 74% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets81st percentile

Assets

Up

$2,895,638

Up $770,731 (+36%) from 2023

Liabilities

Up

$1,342,469

Up $309,522 (+30%) from 2023

Net Assets

Up

$1,553,169

Up $461,209 (+42%) from 2023

Operations
Liabilities / Revenue78th percentileNet Margin66th percentile

Revenue

Up

$3,353,243

Up $868,466 (+35%) from 2023

Expenses

Up

$2,892,034

Up $676,508 (+31%) from 2023

Net Income

Up

$461,209

Up $191,958 (+71%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth93rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0-$1.0MAssets 2013: $626,954Liabilities 2013: $698,142Net Assets 2013: -$71,1882013Assets 2014: $1,096,430Liabilities 2014: $1,061,034Net Assets 2014: $35,3962014Assets 2016: $358,725Liabilities 2016: $483,196Net Assets 2016: -$124,4712016Assets 2017: $441,613Liabilities 2017: $794,206Net Assets 2017: -$352,5932017Assets 2019: $38,020Liabilities 2019: $142,891Net Assets 2019: -$104,8712019Assets 2020: $406,779Liabilities 2020: $361,502Net Assets 2020: $45,2772020Assets 2021: $779,672Liabilities 2021: $176,277Net Assets 2021: $603,3952021Assets 2022: $1,013,542Liabilities 2022: $190,833Net Assets 2022: $822,7092022Assets 2023: $2,124,907Liabilities 2023: $1,032,947Net Assets 2023: $1,091,9602023Assets 2024: $2,895,638Liabilities 2024: $1,342,469Net Assets 2024: $1,553,1692024

Highlighted filing

2024

Assets$2,895,638
Liabilities$1,342,469
Net Assets$1,553,169
Open 2024 Filing

Operations Trend

Revenue Growth74th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2013: $1,056,409Expenses 2013: $1,190,780Net Income 2013: -$134,3712013Revenue 2014: $1,489,904Expenses 2014: $1,360,747Net Income 2014: $129,1572014Revenue 2016: $1,621,757Expenses 2016: $1,449,987Net Income 2016: $171,7702016Revenue 2017: $1,247,442Expenses 2017: $1,475,565Net Income 2017: -$228,1232017Revenue 2019: $1,833,774Expenses 2019: $1,684,153Net Income 2019: $149,6212019Revenue 2020: $1,574,781Expenses 2020: $1,424,633Net Income 2020: $150,1482020Revenue 2021: $2,073,757Expenses 2021: $1,515,639Net Income 2021: $558,1182021Revenue 2022: $2,099,169Expenses 2022: $1,879,854Net Income 2022: $219,3152022Revenue 2023: $2,484,777Expenses 2023: $2,215,526Net Income 2023: $269,2512023Revenue 2024: $3,353,243Expenses 2024: $2,892,034Net Income 2024: $461,2092024

Highlighted filing

2024

Revenue$3,353,243
Expenses$2,892,034
Net Income$461,209
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,895,638
Liabilities
$1,342,469
Net assets
$1,553,169
Revenue
$3,353,243
Expenses
$2,892,034
Net income
$461,209
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.90$1.34$1.55$3.35$2.89$0.46
2023Detailed filing. Detailed filing data is available for this year.$2.12$1.03$1.09$2.48$2.22$0.27
2022Detailed filing. Detailed filing data is available for this year.$1.01$0.19$0.82$2.10$1.88$0.22
2021Detailed filing. Detailed filing data is available for this year.$0.78$0.18$0.60$2.07$1.52$0.56
2020Detailed filing. Detailed filing data is available for this year.$0.41$0.36$0.05$1.57$1.42$0.15
2019Detailed filing. Detailed filing data is available for this year.$0.04$0.14$0.10$1.83$1.68$0.15
2017Detailed filing. Detailed filing data is available for this year.$0.44$0.79$0.35$1.25$1.48$0.23
2016Detailed filing. Detailed filing data is available for this year.$0.36$0.48$0.12$1.62$1.45$0.17
2014Detailed filing. Detailed filing data is available for this year.$1.10$1.06$0.04$1.49$1.36$0.13
2013Detailed filing. Detailed filing data is available for this year.$0.63$0.70$0.07$1.06$1.19$0.13
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Aug 1, 2023 to Jul 31, 2024
Signed
Jun 16, 2025
Return Version
2023v6.0
Gross Receipts
$3,361,827
Mission and Program Overview

Mission

The minnesota thunder academy is a non-profit corporation that promotes the growth, and raising the standard of youth soccer, in the state of minnesota.

The minnesota thunder academy is a non-profit corporation that promotes the growth and raising the standard of youth soccer in the state of minnesota as well as developing soccer players to the best of their ability.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,114,056$2,814,763▲ $700,707
Accounts Receivable$4,650$68,923▲ $64,273
Prepaid Expenses and Deferred Charges$6,201$11,952▲ $5,751
Total Assets$2,124,907$2,895,638▲ $770,731
Liabilities
Deferred Revenue$946,102$1,197,631▲ $251,529
Accounts Payable and Accrued Expenses$86,845$144,838▲ $57,993
Total Liabilities$1,032,947$1,342,469▲ $309,522
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,078,410$1,539,874▲ $461,464
Net Assets With Donor Restrictions$13,550$13,295▼ $255
Total Net Assets Fund Balance$1,091,960$1,553,169▲ $461,209
Total Liabilities and Net Assets / Fund Balance$2,124,907$2,895,638▲ $770,731
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Maureen BrickExecutive DirectorFT$77,300$77,300

Board Members and Trustees

NameTitle
Rob CaverlyPresident
Andres CaballeroDirector
Jason TrucanoDirector
Jeff WitteDirector
Kurt IshaugTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$117,179
Program Service Revenue
$3,183,236
Investment Income
$20,605
Other Revenue
$32,223
All Other Contributions
$114,679
Change in Net Assets
$461,209

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,322,082
Revenue Not Reported on Financial Statements
$31,161
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$31,161
Total Revenue per Audited Statements
$3,322,082
Total Revenue per Form 990
$3,353,243
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,605,967
Salaries, Compensation, and Employee Benefits$1,246,322
Grants and Similar Amounts Paid$39,745
Total Fundraising Expense$11,894
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$1,094,640--$1,094,640
Other Salaries and Wages$768,554$292,031-$1,060,585
Payroll Taxes$65,442$24,749-$90,191
Current Officers, Directors, Trustees, and Key Employees$55,046$23,591-$78,637
Fees for Services Other$7,840$68,350-$76,190
All Other Expenses$20,355$18,869$11,894$51,118
Grants to Domestic Individuals$39,745--$39,745
Other Expenses$37,404--$37,404
Fees for Services Accounting-$33,970-$33,970
Insurance-$26,776-$26,776
Office Expenses-$26,150-$26,150
Other Employee Benefits$6,849$10,060-$16,909
Fees for Services Legal$15,760--$15,760
Advertising-$1,575-$1,575
Total Functional Expenses$2,354,019$526,121$11,894$2,892,034

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,892,034
Total Expenses per Audited Statements$2,860,873
Expenses per Audited Statements$2,852,289
Expenses Not Reported on Financial Statements$39,745
Other Expense Adjustments$39,745
Expenses Not Reported on Form 990$8,584
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$35,132
Fundraising Direct Expenses$8,584
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Thunderpalooza$37,632$35,132$843$34,289
Total Events$37,632$35,132$8,584$26,548
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Lauren WitteDaughter of Board MemberCompensation From OrganizationNo$16,006
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

“NO COMMITTEES”

Form 990, Part VI, Section B, Line 11B

“A review of the form 990 was completed by the president, treasurer and executive director, with a copy sent to all board members.”

Form 990, Part VI, Section B, Line 15B

“All directors, coaches, and administrator positions are employees of the association. Compensation amounts are approved by the executive director, and by the board of directors.”

Form 990, Part VI, Section C, Line 19

“Copies of the organization's annual audited financial statements will be made available upon request. The organizations governing documents are not open to the public.”

Filing and Contact Details

Filer

Filer Name
Minnesota Thunder Academy
EIN
26-3017116
Phone
7633340210
Address
6600 NICOLLET AVE, RICHFIELD, MN 55423

Signing Officer

Name
Rob Caverly
Title
Board President
Phone
6127019069
Signed
2025-06-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rob Caverly
Formed
2008
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
5
Employees
67
Volunteers
250

Preparer

Firm
Olsen Thielen & Co Ltd
Address
2675 LONG LAKE ROAD, ROSEVILLE, MN 55113-1117
Preparer
Ryan Vettrus CPA
Phone
6514834521
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 2C

“There has been no change from the prior year in the process related to the oversight of the audit and the selection of an independent accountant.”

Financial Statement Notes

PART X, LINE 2:

“Asc 740 disclosure from audited financial statements: the academy is exempt from federal and state income taxes under section 501(c)(3) of the internal revenue code therefore, the statements do not include a provision for income taxes but is subject to income tax on net unrelated business income. The organization had no unrelated business income tax during the years ended july 31, 2024 and 2023. The academy reviews income tax positions taken or expected to be taken in income tax returns to determine if there are any income tax uncertainties. This includes positions that the entity is exempt from income taxes or not subject to income taxes on unrelated business income. The academy recognizes tax benefits from uncertain tax positions only if it is more likely than not that the tax positions will be sustained on examination by taxing authorities. The academy has identified no income tax uncertainties. The academy files information returns as a tax-exempt organization. Should that status be challenged in the future, all years since inception could be subject to review by the internal revenue service.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Direct fundraising expenses -8,584. Scholarships net against program fees on audited financial statements 39,745.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Direct fundraising expenses 8,584.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Scholarships net against program fees on audited financial statements 39,745.”

Raw XML AppendixShowing 400 of 465 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0THE MINNESOTA THUNDER ACADEMY PROMOTES, SPONSORS, ORGANIZES, AND ADMINISTERS SOCCER PROGRAMS - WHICH INCLUDE THE HIGHEST LEVELS OF PLAY, GUIDANCE, INSTRUCTION, AND COMPETITION, WITH THE EMPHASIS ON SKILL DEVELOPMENT, TEAMWORK, AND GOOD SPORTSMANSHIP FOR THE COMMITTED SOCCER PLAYER. THE ACADEMY HAS APPROXIMATELY 800 PARTICIPANTS. ACADEMY TEAMS COMPETE IN ELITE CLUBS NATIONAL LEAGUE (ECNL), MINNESOTA NATIONAL PREMIER LEAGUE (NPL) AND TWIN CITIES SOCCER LEAGUES (TCSL) AS WELL AS THE WOMEN'S PREMIER SOCCER LEAGUE (WPSL).
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IRS990/OtherExpensesGrp/Desc1REFEREE EXPENSES
IRS990/OtherExpensesGrp/Desc2LEAGUE FEES
IRS990/OtherExpensesGrp/Desc3SPIRITWEAR EXPENSE
IRS990/OtherExpensesGrp/ProgramServicesAmt0135129
IRS990/OtherExpensesGrp/ProgramServicesAmt158096
IRS990/OtherExpensesGrp/ProgramServicesAmt249159
IRS990/OtherExpensesGrp/ProgramServicesAmt337404
IRS990/OtherExpensesGrp/TotalAmt0135129
IRS990/OtherExpensesGrp/TotalAmt158096
IRS990/OtherExpensesGrp/TotalAmt249159
IRS990/OtherExpensesGrp/TotalAmt337404
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt05675
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt05675
IRS990/OtherRevenueTotalAmt05675
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0292031
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0768554
IRS990/OtherSalariesAndWagesGrp/TotalAmt01060585
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt024749
IRS990/PayrollTaxesGrp/ProgramServicesAmt065442
IRS990/PayrollTaxesGrp/TotalAmt090191
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06201
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011952
IRS990/PrincipalOfficerNm0ROB CAVERLY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0711210
IRS990/ProgramServiceRevenueGrp/BusinessCd1711210
IRS990/ProgramServiceRevenueGrp/BusinessCd2711210
IRS990/ProgramServiceRevenueGrp/BusinessCd3711210
IRS990/ProgramServiceRevenueGrp/BusinessCd4711210
IRS990/ProgramServiceRevenueGrp/Desc0REGISTRATION FEES
IRS990/ProgramServiceRevenueGrp/Desc1FIELD SUBLEASE
IRS990/ProgramServiceRevenueGrp/Desc2PROGRAMS
IRS990/ProgramServiceRevenueGrp/Desc3GOTHIA CUP
IRS990/ProgramServiceRevenueGrp/Desc4OPERATIONS REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02301245
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1374280
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2352050
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3135127
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt420534
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02301245
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1374280
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2352050
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3135127
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt420534
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt061208
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt053767
IRS990/PYInvestmentIncomeAmt06778
IRS990/PYOtherExpensesAmt01159087
IRS990/PYOtherRevenueAmt039297
IRS990/PYProgramServiceRevenueAmt02377494
IRS990/PYRevenuesLessExpensesAmt0269251
IRS990/PYSalariesCompEmpBnftPaidAmt01002672
IRS990/PYTotalExpensesAmt02215526
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02484777
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0461209
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03188911
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0117179
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt061208
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt033233
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt045463
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt017416
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0274499
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt020605
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt06778
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0124
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt090
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt027597
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt03224043
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt02379473
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt02080976
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02039694
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01562924
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt011287110
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt020605
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt06778
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0124
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt090
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt027597
IRS990ScheduleA/InvestmentIncomeCYPct00.00240
IRS990ScheduleA/InvestmentIncomePYPct00.00070
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99760
IRS990ScheduleA/PublicSupportPY509Pct00.99930
IRS990ScheduleA/PublicSupportTotal509Amt011561609
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt03341222
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02440681
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02114209
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02085157
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01580340
IRS990ScheduleA/Total509Grp/TotalAmt011561609
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt03361827
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02447459
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02114333
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02085247
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01580340
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt011589206
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt08584
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt039745
IRS990ScheduleD/ExpensesSubtotalAmt02852289
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt08584
IRS990ScheduleD/OtherExpensesNotIncludedAmt039745
IRS990ScheduleD/OtherRevenuesNotIncludedAmt031161
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt031161
IRS990ScheduleD/RevenueSubtotalAmt03322082
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ASC 740 DISCLOSURE FROM AUDITED FINANCIAL STATEMENTS: THE ACADEMY IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE THEREFORE, THE STATEMENTS DO NOT INCLUDE A PROVISION FOR INCOME TAXES BUT IS SUBJECT TO INCOME TAX ON NET UNRELATED BUSINESS INCOME. THE ORGANIZATION HAD NO UNRELATED BUSINESS INCOME TAX DURING THE YEARS ENDED JULY 31, 2024 AND 2023. THE ACADEMY REVIEWS INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN INCOME TAX RETURNS TO DETERMINE IF THERE ARE ANY INCOME TAX UNCERTAINTIES. THIS INCLUDES POSITIONS THAT THE ENTITY IS EXEMPT FROM INCOME TAXES OR NOT SUBJECT TO INCOME TAXES ON UNRELATED BUSINESS INCOME. THE ACADEMY RECOGNIZES TAX BENEFITS FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES. THE ACADEMY HAS IDENTIFIED NO INCOME TAX UNCERTAINTIES. THE ACADEMY FILES INFORMATION RETURNS AS A TAX-EXEMPT ORGANIZATION. SHOULD THAT STATUS BE CHALLENGED IN THE FUTURE, ALL YEARS SINCE INCEPTION COULD BE SUBJECT TO REVIEW BY THE INTERNAL REVENUE SERVICE.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1DIRECT FUNDRAISING EXPENSES -8,584. SCHOLARSHIPS NET AGAINST PROGRAM FEES ON AUDITED FINANCIAL STATEMENTS 39,745.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2DIRECT FUNDRAISING EXPENSES 8,584.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3SCHOLARSHIPS NET AGAINST PROGRAM FEES ON AUDITED FINANCIAL STATEMENTS 39,745.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt02892034
IRS990ScheduleD/TotalRevenuePerForm990Amt03353243
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03322082
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02860873
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt02500
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt02500
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt08584
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0THUNDERPALOOZA
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt01851
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt01851
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt037632
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt037632
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt035132
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt035132
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt026548
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0843
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0843
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt05890
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt05890
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt039745
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FINANCIAL AID
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt046
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION PROVIDES FINANCIAL AID TO SOME PLAYERS. THEY MUST COMPLETE AN APPLICATION INCLUDING PROOF OF NEED TO QUALIFY.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0LAUREN WITTE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0DAUGHTER OF BOARD MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt016006
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0COMPENSATION FROM ORGANIZATION
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO COMMITTEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A REVIEW OF THE FORM 990 WAS COMPLETED BY THE PRESIDENT, TREASURER AND EXECUTIVE DIRECTOR, WITH A COPY SENT TO ALL BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL DIRECTORS, COACHES, AND ADMINISTRATOR POSITIONS ARE EMPLOYEES OF THE ASSOCIATION. COMPENSATION AMOUNTS ARE APPROVED BY THE EXECUTIVE DIRECTOR, AND BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COPIES OF THE ORGANIZATION'S ANNUAL AUDITED FINANCIAL STATEMENTS WILL BE MADE AVAILABLE UPON REQUEST. THE ORGANIZATIONS GOVERNING DOCUMENTS ARE NOT OPEN TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THERE HAS BEEN NO CHANGE FROM THE PRIOR YEAR IN THE PROCESS RELATED TO THE OVERSIGHT OF THE AUDIT AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02124907
IRS990/TotalAssetsEOYAmt02895638
IRS990/TotalAssetsGrp/BOYAmt02124907
IRS990/TotalAssetsGrp/EOYAmt02895638
IRS990/TotalCompGreaterThan150KInd00

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