Civic Intelligence

Minnesota Thunder Academy

990 • Fiscal year 2019 • EIN 26-3017116

Aug 01, 2018 to Jul 31, 2019 • Filed on Dec 13, 2019

6600 Nicollet AvenueMinneapolis, MN 55423

(612) 314-7363

Siviq Scores

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

Liabilities / Assets

99th percentile

3.76x

Higher debt load relative to assets than 99% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

48th percentile

0.08x

Higher debt load relative to revenue than 48% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

62nd percentile

8.2%

Higher net margin than 62% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

1st percentile

-71%

Faster asset growth than 1% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2019

Revenue Growth

75th percentile

21%

Faster revenue growth than 75% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2019

Assets

Down

$38,020

Down $403,593 (-91%) from 2017

Net Assets

Up

-$104,871

Up $247,722 (+70%) from 2017

Liabilities

Down

$142,891

Down $651,315 (-82%) from 2017

Revenue

Up

$1,833,774

Up $586,332 (+47%) from 2017

Expenses

Up

$1,684,153

Up $208,588 (+14%) from 2017

Net Income

Up

$149,621

Up $377,744 (+166%) from 2017

Historical Trend

Balance Sheet Trend

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

2019

Assets$38,020
Liabilities$142,891
Net Assets-$104,871

Operations Trend

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

2019

Revenue$1,833,774
Expenses$1,684,153
Net Income$149,621
Jump To
Filing Snapshot
Filing Period
Aug 1, 2018 to Jul 31, 2019
Signed
Dec 13, 2019
Return Version
2018v3.1
Gross Receipts
$1,848,630
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
Loans From Officers Directors$175,000--
Cash and Non-Interest-Bearing Accounts$31,514$21,466▼ $10,048
Accounts Receivable$36,114$10,683▼ $25,431
Prepaid Expenses and Deferred Charges$0$5,033▲ $5,033
Land, Buildings, and Equipment, Net$2,098$838▼ $1,260
Receivables From Officers Etc-$0-
Total Assets$69,726$38,020▼ $31,706
Liabilities
Accounts Payable and Accrued Expenses$149,218$81,839▼ $67,379
Deferred Revenue-$61,052-
Total Liabilities$324,218$142,891▼ $181,327
Net Assets / Fund Balance
Unrestricted Net Assets$-254,492$-104,871▲ $149,621
Total Net Assets Fund Balance$-254,492$-104,871▲ $149,621
Total Liabilities and Net Assets / Fund Balance$69,726$38,020▼ $31,706

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$838$5,460$6,298
Compensation and Service Providers

Board Members and Trustees

NameTitle
Peter HaineyPresident
Abir RoyMember
Anne BeatonMember
Anthony PeleskaMember
Craig MacBeanMember
Jeff WitteMember
Kevin OlsonMember
Kelly BrackinSecretary
Dan LeeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$45,206
Program Service Revenue
$1,741,466
Investment Income
$21
Other Revenue
$47,081
All Other Contributions
$45,206
Change in Net Assets
$149,621

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,833,774
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$14,856
Total Revenue per Audited Statements
$1,848,630
Total Revenue per Form 990
$1,833,774
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$865,955
Salaries, Compensation, and Employee Benefits$818,198
Total Fundraising Expense$16,441
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$636,773$181,425-$818,198
Occupancy$594,712$4,592-$599,304
Fees for Services Other$120,538$6,543$16,441$143,522
Office Expenses-$53,717-$53,717
Fees for Services Accounting-$26,750-$26,750
Other Expenses-$14,784-$14,784
Advertising-$13,686-$13,686
Insurance-$12,932-$12,932
Depreciation Depletion$0$1,260-$1,260
Total Functional Expenses$1,352,023$315,689$16,441$1,684,153

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,699,009
Expenses per Audited Statements$1,684,153
Total Expenses per Form 990$1,684,153
Expenses Not Reported on Form 990$14,856
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 Gross Income$61,937
Fundraising Direct Expenses$14,856
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Raffle$39,932$39,932$233$39,699
Thunderpalooza - fundraiser$14,780$14,780$986$13,794
Total Events$61,937$61,937$14,856$47,081
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$175,000--
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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 11B

A review of the form 990 was completed by management before it is finalized.

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 employees of the Association. 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

Filer Name
Minnesota Thunder Academy
EIN
26-3017116
Phone
6123147363
Address
6600 Nicollet Avenue, Minneapolis, MN 55423

Signing Officer

Name
Pete Hainey
Title
President
Phone
6126691098
Signed
2019-12-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Pete Hainey
Formed
2008
Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
9
Employees
46
Volunteers
100

Preparer

Firm
Malloy Montague Karnowski Radosevich
Address
5353 Wayzata Blvd Ste 410, Minneapolis, MN 55416
Preparer
Thomas A Karnowski
Phone
9525450424
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

The Academy follows the recognition requirements for uncertain income tax positions as required by the FASB ASC 740-10. 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 year-end. The Academy is subject to routine audits by taxing jurisdictions; however, there are currently no audits in progress for any open tax periods.

Part XI, Line 2D - Other Adjustments:

Direct expenses of fundraising 14,856.

Part XII, Line 2D - Other Adjustments:

Direct expenses of fundraising 14,856.

Raw XML AppendixShowing 400 of 455 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/BOYAmt0149218
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt081839
IRS990/AccountsReceivableGrp/BOYAmt036114
IRS990/AccountsReceivableGrp/EOYAmt010683
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 as well as developing soccer players to the best of their ability.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt013686
IRS990/AdvertisingGrp/TotalAmt013686
IRS990/AllOtherContributionsAmt045206
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/PersonNm0Peter Hainey
IRS990/BooksInCareOfDetail/PhoneNum06126691098
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt06600 Nicollet Avenue 209
IRS990/BooksInCareOfDetail/USAddress/CityNm0Minneapolis
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055423
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt031514
IRS990/CashNonInterestBearingGrp/EOYAmt021466
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt045206
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt021
IRS990/CYOtherExpensesAmt0865955
IRS990/CYOtherRevenueAmt047081
IRS990/CYProgramServiceRevenueAmt01741466
IRS990/CYRevenuesLessExpensesAmt0149621
IRS990/CYSalariesCompEmpBnftPaidAmt0818198
IRS990/CYTotalExpensesAmt01684153
IRS990/CYTotalFundraisingExpenseAmt016441
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01833774
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/EOYAmt061052
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt01260
IRS990/DepreciationDepletionGrp/ProgramServicesAmt00
IRS990/DepreciationDepletionGrp/TotalAmt01260
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/EmployeeCnt046
IRS990/EmploymentTaxReturnsFiledInd00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01352023
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt026750
IRS990/FeesForServicesAccountingGrp/TotalAmt026750
IRS990/FeesForServicesOtherGrp/FundraisingAmt016441
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt06543
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0120538
IRS990/FeesForServicesOtherGrp/TotalAmt0143522
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt010.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt110.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt210.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
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/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/PersonNm0Peter Hainey
IRS990/Form990PartVIISectionAGrp/PersonNm1Dan Lee
IRS990/Form990PartVIISectionAGrp/PersonNm2Kelly Brackin
IRS990/Form990PartVIISectionAGrp/PersonNm3Anne Beaton
IRS990/Form990PartVIISectionAGrp/PersonNm4Craig MacBean
IRS990/Form990PartVIISectionAGrp/PersonNm5Kevin Olson
IRS990/Form990PartVIISectionAGrp/PersonNm6Anthony Peleska
IRS990/Form990PartVIISectionAGrp/PersonNm7Abir Roy
IRS990/Form990PartVIISectionAGrp/PersonNm8Jeff Witte
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Member
IRS990/Form990PartVIISectionAGrp/TitleTxt4Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Member
IRS990/Form990PartVIISectionAGrp/TitleTxt6Member
IRS990/Form990PartVIISectionAGrp/TitleTxt7Member
IRS990/Form990PartVIISectionAGrp/TitleTxt8Member
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02008
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingDirectExpensesAmt014856
IRS990/FundraisingGrossIncomeAmt061937
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01848630
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt012932
IRS990/InsuranceGrp/TotalAmt012932
IRS990/InvestmentIncomeGrp/ExclusionAmt021
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt021
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt05460
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02098
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0838
IRS990/LandBldgEquipCostOrOtherBssAmt06298
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt0175000
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 as well as developing soccer players to the best of their ability.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0-254492
IRS990/NetAssetsOrFundBalancesEOYAmt0-104871
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt047081
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt047081
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt04592
IRS990/OccupancyGrp/ProgramServicesAmt0594712
IRS990/OccupancyGrp/TotalAmt0599304
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt053717
IRS990/OfficeExpensesGrp/TotalAmt053717
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Miscellaneous
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt014784
IRS990/OtherExpensesGrp/TotalAmt014784
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0181425
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0636773
IRS990/OtherSalariesAndWagesGrp/TotalAmt0818198
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05033
IRS990/PrincipalOfficerNm0Pete Hainey
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0711210
IRS990/ProgramServiceRevenueGrp/BusinessCd1711210
IRS990/ProgramServiceRevenueGrp/BusinessCd2711210
IRS990/ProgramServiceRevenueGrp/Desc0Registration Fees - Ne
IRS990/ProgramServiceRevenueGrp/Desc1Field Sublease Income
IRS990/ProgramServiceRevenueGrp/Desc2Miscellaneous
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01644398
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt192318
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt24750
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01644398
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt192318
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt24750
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt029099
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02
IRS990/PYOtherExpensesAmt0533532
IRS990/PYOtherRevenueAmt049677
IRS990/PYProgramServiceRevenueAmt0893226
IRS990/PYRevenuesLessExpensesAmt041389
IRS990/PYSalariesCompEmpBnftPaidAmt0397083
IRS990/PYTotalExpensesAmt0930615
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0972004
IRS990/QuidProQuoContributionsInd00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0149621
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01741466
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The prior year return was a short year and is included for the calculation of public support.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt05206
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt04099
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt031356
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt027405
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0132956
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0201022
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt021
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt02
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt014
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt022
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt026
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt085
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01741466
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0893226
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01224251
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01594330
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01429973
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt06883246
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt021
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt02
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt014
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt022
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt026
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt085
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt07084268
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01746672
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0897325
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01255607
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01621735
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01562929
IRS990ScheduleA/Total509Grp/TotalAmt07084268
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01746693
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0897327
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01255621
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01621757
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01562955
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt07084353
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/ExpensesNotReportedAmt014856
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01684153
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt014856
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0838
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt05460
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt06298
IRS990ScheduleD/OtherRevenueAmt014856
IRS990ScheduleD/RevenueNotReportedAmt014856
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01833774
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Academy follows the recognition requirements for uncertain income tax positions as required by the FASB ASC 740-10. 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 year-end. The Academy is subject to routine audits by taxing jurisdictions; however, there are currently no audits in progress for any open tax periods.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Direct expenses of fundraising 14,856.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Direct expenses of fundraising 14,856.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0838
IRS990ScheduleD/TotalExpensesPerForm990Amt01684153
IRS990ScheduleD/TotalRevenuePerForm990Amt01833774
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01848630
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01699009
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent2Amt05000
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt05000
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt014856
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Thunderpalooza - fundraiser
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Raffle
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt014780
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt039932
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt07225
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt061937
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt014780
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt039932
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt07225
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt061937
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt047081
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt0195
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt01414
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0986
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt0233
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt04594
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsOtherEventsAmt03848
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt08442
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A review of the form 990 was completed by management before it is finalized.
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 employees of the Association. 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/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
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
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt069726
IRS990/TotalAssetsEOYAmt038020
IRS990/TotalAssetsGrp/BOYAmt069726
IRS990/TotalAssetsGrp/EOYAmt038020
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt045206
IRS990/TotalEmployeeCnt046
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt016441
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0315689
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01352023
IRS990/TotalFunctionalExpensesGrp/TotalAmt01684153
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0324218
IRS990/TotalLiabilitiesEOYAmt0142891
IRS990/TotalLiabilitiesGrp/BOYAmt0324218
IRS990/TotalLiabilitiesGrp/EOYAmt0142891
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-254492
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-104871
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01352023
IRS990/TotalProgramServiceRevenueAmt01741466
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt047102

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings