Civic Intelligence

Minnesota Thunder Academy

990 • Fiscal year 2013 • EIN 26-3017116

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 17, 2014

Organization Profilemnthunderacademy.org
PO Box 4153455441

(612) 669-1098

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

93rd percentile

1.11x

Higher debt load relative to assets than 93% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

79th percentile

0.66x

Higher debt load relative to revenue than 79% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Net Margin

18th percentile

-13%

Higher net margin than 18% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

51st percentile

$52,912

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 5.0% of source-year revenue.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / Assets93rd percentile

Assets

$626,954

No earlier filing loaded for comparison.

Net Assets

-$71,188

No earlier filing loaded for comparison.

Liabilities

$698,142

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin18th percentile

Revenue

$1,056,409

No earlier filing loaded for comparison.

Expenses

$1,190,780

No earlier filing loaded for comparison.

Net Income

-$134,371

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2013

Assets$626,954
Liabilities$698,142
Net Assets-$71,188
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this 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

2013

Revenue$1,056,409
Expenses$1,190,780
Net Income-$134,371
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 17, 2014
Return Version
2013v3.0
Gross Receipts
$1,056,830
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

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable-$460,603-
Cash and Non-Interest-Bearing Accounts$63,183$157,621▲ $94,438
Prepaid Expenses and Deferred Charges-$8,730-
Total Assets$63,183$626,954▲ $563,771
Liabilities
Deferred Revenue-$626,813-
Accounts Payable and Accrued Expenses-$71,329-
Total Liabilities$0$698,142▲ $698,142
Net Assets / Fund Balance
Unrestricted Net Assets$63,183$-71,188▼ $134,371
Total Net Assets Fund Balance$63,183$-71,188▼ $134,371
Total Liabilities and Net Assets / Fund Balance$63,183$626,954▲ $563,771
Compensation and Service Providers
Top Officer Pay51st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Mark YueillMember/TreasurerFT$52,912$52,912
Dan StorlienMemberFT$29,386$29,386

Board Members and Trustees

NameTitle
Barry NealBoard President
Kent JohnsonMember
James RouxMember/Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$27,813
Program Service Revenue
$1,028,581
Investment Income
$15
Other Revenue
$0
Change in Net Assets
$-134,371

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,056,409
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$76,086
Total Revenue per Audited Statements
$1,132,495
Total Revenue per Form 990
$1,056,409
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,190,780
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$619,172--$619,172
Fees for Services Management$316,537$112,427-$428,964
Fees for Services Other$114,988--$114,988
Office Expenses-$27,656-$27,656
Total Functional Expenses$1,050,697$140,083$0$1,190,780

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,266,867
Expenses per Audited Statements$1,190,781
Total Expenses per Form 990$1,190,781
Expenses Not Reported on Form 990$76,086
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$421
Fundraising Gross Income$421
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$28,234$421-$421
Total Events$28,234$421$421$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11

“A review of the form 990 was completed by management and the treasurer.”

Form 990, Part VI, Section B, line 12C

“All policies are reviewed annually and any violations are promply addressed and corrected”

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

“15a: Board's President does not receive compensation 15b: All Directors, Coaches, and the Administrator positions are independent contractors and compensated on a 1099 basis. Each compensation amount is approved by the MTA board.”

Form 990, Part VI, Section C, line 19

“Copies of the organizations annual audited financial statements will be made available upon request. The organizations governing documents and conflict of interest policy are not open to the public.”

Filing and Contact Details

Filer

EIN
26-3017116
Phone
6126691098

Signing Officer

Name
Mark Yueill
Title
Treasurer
Phone
6126691098
Signed
2014-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Yueill
Formed
2008
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
2
Employees
0
Volunteers
50

Preparer

Preparer
Thomas A Karnowski
Phone
9525450424
Supplemental Narrative

Additional Explanations

Form 990 Page 12, Part XII, Line 2C

“The organization requested bids for the current year audit and is in the process of completing the audit for the year ended December 31, 2013. The audit is to be completed to allow for future generally accepted accounting principals (GAAP)to be applied to the statement activities. The past internal records have been prepared on the cash basis of financial reporting and are not acceptable for GAAP. The organization made no changes to either its oversight process or selectionprocess during the tax year.”

Financial Statement Notes

Part X, Line 2:

“The Academy adopted the recognition requirements for uncertain income tax positions as required by the FASB ASC 740-10 (formerly known as FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes), with no cumulative effect adjustment required. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more-likely-than-not be sustained upon examination by taxing authorities. The Academy has analyzed tax positions taken for filing with the Internal Revenue Service and state jurisdiction where it operates. The Academy believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on the Academy's financial condition, results of operations, or cash flows. Accordingly, the Academy has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at December 31, 2013. The Academy is subject to routine audits by taxing jurisdictions; however, there are currently no audits in progress for any open tax periods. The Academy's open audit periods are the year ended December 31, 2010, 2011, and 2012.”

Part XI, Line 2D - Other Adjustments:

“Bad debt expense netted with revenue 75,665. Fundraising expenes netted against income 421.”

Part XII, Line 2D - Other Adjustments:

“Bad debt expense netted with revenue on 990 75,665. Fundraising expenes netted against income 421.”

Raw XML Appendix364 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt071329
IRS990/AccountsReceivableGrp/EOYAmt0460603
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0The Minnesota Thunder Academy is a Non-Profit corporation that promotes the growth, and raising the standard of youth soccer in the State of Minnesota
IRS990/AddressChangeInd0X
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/PersonNm0Mark Yueill
IRS990/BooksInCareOfDetail/PhoneNum06126691098
IRS990/BooksInCareOfDetail/USAddress/AddressLine10PO Box 41534
IRS990/BooksInCareOfDetail/USAddress/City0Plymouth
IRS990/BooksInCareOfDetail/USAddress/State0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCode055441
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt063183
IRS990/CashNonInterestBearingGrp/EOYAmt0157621
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContriRptFundraisingEventAmt027813
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt027813
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt015
IRS990/CYOtherExpensesAmt01190780
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt01028581
IRS990/CYRevenuesLessExpensesAmt0-134371
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt01190780
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01056409
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/EOYAmt0626813
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0The Minnesota Thunder Academy promotes, sponsors, organized 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 500 participants.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01050697
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt0112427
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt0316537
IRS990/FeesForServicesManagementGrp/TotalAmt0428964
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0114988
IRS990/FeesForServicesOtherGrp/TotalAmt0114988
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt150.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt440.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0Barry Neal
IRS990/Form990PartVIISectionAGrp/PersonNm1Mark Yueill
IRS990/Form990PartVIISectionAGrp/PersonNm2James Roux
IRS990/Form990PartVIISectionAGrp/PersonNm3Kent Johnson
IRS990/Form990PartVIISectionAGrp/PersonNm4Dan Storlien
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt152912
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt429386
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0Board President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Member/Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt2Member/Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Member
IRS990/Form990PartVIISectionAGrp/TitleTxt4Member
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02008
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt027813
IRS990/FundraisingDirectExpensesAmt0421
IRS990/FundraisingGrossIncomeAmt0421
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01056830
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt02
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt015
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt015
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt040
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The Minnesota Thunder Academy is a non-profit corporation that promotes the growth, and raising the standard of youth soccer, in the state of Minnesota
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt063183
IRS990/NetAssetsOrFundBalancesEOYAmt0-71188
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0619172
IRS990/OccupancyGrp/TotalAmt0619172
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt027656
IRS990/OfficeExpensesGrp/TotalAmt027656
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08730
IRS990/PrincipalOfficerNm0Mark Yueill
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0711300
IRS990/ProgramServiceRevenueGrp/Desc0Prog.serv.revenue-Rela
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0970383
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0970383
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0943193
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0811893
IRS990/PYRevenuesLessExpensesAmt0-200382
IRS990/PYSalariesCompEmpBnftPaidAmt069082
IRS990/PYTotalExpensesAmt01012275
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0811893
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-134371
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01028581
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt028234
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0996249
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01302504
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01089632
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0862264
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt04278883
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt015
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt069
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt060
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt036
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt046
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0226
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01028581
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt031382
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01059963
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt015
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt069
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt060
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt036
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt046
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0226
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt05338846
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01056815
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0996249
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01302504
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01089632
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0893646
IRS990ScheduleA/Total509Grp/TotalAmt05338846
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01056830
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0996318
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01302564
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01089668
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0893692
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05339072
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt076086
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01190781
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt076086
IRS990ScheduleD/OtherRevenueAmt076086
IRS990ScheduleD/RevenueNotReportedAmt076086
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01056409
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Academy adopted the recognition requirements for uncertain income tax positions as required by the FASB ASC 740-10 (formerly known as FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes), with no cumulative effect adjustment required. Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more-likely-than-not be sustained upon examination by taxing authorities. The Academy has analyzed tax positions taken for filing with the Internal Revenue Service and state jurisdiction where it operates. The Academy believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect on the Academy's financial condition, results of operations, or cash flows. Accordingly, the Academy has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at December 31, 2013. The Academy is subject to routine audits by taxing jurisdictions; however, there are currently no audits in progress for any open tax periods. The Academy's open audit periods are the year ended December 31, 2010, 2011, and 2012.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Bad debt expense netted with revenue 75,665. Fundraising expenes netted against income 421.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Bad debt expense netted with revenue on 990 75,665. Fundraising expenes netted against income 421.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01190781
IRS990ScheduleD/TotalRevenuePerForm990Amt01056409
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01132495
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01266867
IRS990ScheduleG/AgrmtProfFundraisingActyInd00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt027813
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt027813
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0421
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt028234
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt028234
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0421
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0421
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent1Amt0National Savings Card Fundraiser
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt0421
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt0421
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A review of the form 990 was completed by management and the treasurer.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All policies are reviewed annually and any violations are promply addressed and corrected
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt215a: Board's President does not receive compensation 15b: All Directors, Coaches, and the Administrator positions are independent contractors and compensated on a 1099 basis. Each compensation amount is approved by the MTA board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Copies of the organizations annual audited financial statements will be made available upon request. The organizations governing documents and conflict of interest policy are not open to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization requested bids for the current year audit and is in the process of completing the audit for the year ended December 31, 2013. The audit is to be completed to allow for future generally accepted accounting principals (GAAP)to be applied to the statement activities. The past internal records have been prepared on the cash basis of financial reporting and are not acceptable for GAAP. The organization made no changes to either its oversight process or selectionprocess during the tax year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990 Page 12, Part XII, Line 2c
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt063183
IRS990/TotalAssetsEOYAmt0626954
IRS990/TotalAssetsGrp/BOYAmt063183
IRS990/TotalAssetsGrp/EOYAmt0626954
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt027813
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0140083
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01050697
IRS990/TotalFunctionalExpensesGrp/TotalAmt01190780
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt0698142
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0698142
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt063183
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-71188
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt058198
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt058198
IRS990/TotalProgramServiceExpensesAmt01050697
IRS990/TotalProgramServiceRevenueAmt01028581
IRS990/TotalReportableCompFromOrgAmt082298
IRS990/TotalRevenueGrp/ExclusionAmt015
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01028581
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01056409
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt063183
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0626954
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt063183
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-71188
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10PO Box 41534
IRS990/USAddress/City0Plymouth
IRS990/USAddress/State0MN
IRS990/USAddress/ZIPCode055441
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0mnthunderacademy.org
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Mark Yueill
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum06126691098
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-11-17
ReturnHeader/Filer/BusinessName/BusinessNameLine10Minnesota Thunder Academy
ReturnHeader/Filer/BusinessNameControlTxt0MINN
ReturnHeader/Filer/EIN0263017116
ReturnHeader/Filer/PhoneNum06126691098
ReturnHeader/Filer/USAddress/AddressLine10PO Box 41534
ReturnHeader/Filer/USAddress/City0Plymouth
ReturnHeader/Filer/USAddress/State0MN
ReturnHeader/Filer/USAddress/ZIPCode055441
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411690382
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10Malloy Montague Karnowski Radosevich
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine105353 Wayzata Blvd Ste 410
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0Minneapolis
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode055416
ReturnHeader/PreparerPersonGrp/PhoneNum09525450424
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Thomas A Karnowski
ReturnHeader/ReturnTs02014-11-17T14:04:20-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$626,954
Liabilities
$698,142
Net assets
-$71,188
Revenue
$1,056,409
Expenses
$1,190,780
Net income
-$134,371
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