Civic Intelligence

Minnesota Thunder Academy

990 • Fiscal year 2021 • EIN 26-3017116

Aug 01, 2020 to Jul 31, 2021 • Filed on Jun 15, 2022

Organization ProfileMNTHUNDERACADEMY.ORG
6600 Nicollet AveMinneapolis, MN 55423

(763) 334-0210

Siviq Scores

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

Liabilities / Assets

70th percentile

0.23x

Higher debt load relative to assets than 70% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

49th percentile

0.09x

Higher debt load relative to revenue than 49% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

71st percentile

27%

Higher net margin than 71% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

93rd percentile

92%

Faster asset growth than 93% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

67th percentile

32%

Faster revenue growth than 67% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets70th percentile

Assets

Up

$779,672

Up $372,893 (+92%) from 2020

Net Assets

Up

$603,395

Up $558,118 (+1233%) from 2020

Liabilities

Down

$176,277

Down $185,225 (-51%) from 2020

Revenue And Expenses
Liabilities / Revenue49th percentileNet Margin71st percentile

Revenue

Up

$2,073,757

Up $498,976 (+32%) from 2020

Expenses

Up

$1,515,639

Up $91,006 (+6.4%) from 2020

Net Income

Up

$558,118

Up $407,970 (+272%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth93rd percentile

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

2021

Assets$779,672
Liabilities$176,277
Net Assets$603,395
Open 2021 Filing

Operations Trend

Revenue Growth67th percentile

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

2021

Revenue$2,073,757
Expenses$1,515,639
Net Income$558,118
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2020 to Jul 31, 2021
Signed
Jun 15, 2022
Return Version
2020v4.0
Gross Receipts
$2,085,157
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$403,749$778,172▲ $374,423
Accounts Receivable$3,030$1,500▼ $1,530
Total Assets$406,779$779,672▲ $372,893
Liabilities
Unsecured Notes Loans Payable$141,600--
Deferred Revenue$171,381$124,422▼ $46,959
Accounts Payable and Accrued Expenses$48,521$51,855▲ $3,334
Total Liabilities$361,502$176,277▼ $185,225
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$45,277$586,593▲ $541,316
Net Assets With Donor Restrictions-$16,802-
Total Net Assets Fund Balance$45,277$603,395▲ $558,118
Total Liabilities and Net Assets / Fund Balance$406,779$779,672▲ $372,893
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Jeff WittePresident
Abir RoyDirector
Andres CaballeroDirector
Anne BeatonDirector
Kurt IshaugDirector
Rob CaverlyDirector
Kelly BrackinSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$45,463
Program Service Revenue
$1,664,107
Investment Income
$90
Other Revenue
$364,097
All Other Contributions
$45,463
Change in Net Assets
$558,118

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,073,757
Total Revenue per Audited Statements
$2,073,757
Total Revenue per Form 990
$2,073,757
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$767,694
Other Expenses$747,945
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$536,251$168,637-$704,888
Occupancy$536,287--$536,287
Payroll Taxes$45,308$8,461-$53,769
Fees for Services Other-$43,838-$43,838
Fees for Services Accounting$8,580$25,550-$34,130
All Other Expenses$11,731$9,596-$21,327
Other Expenses$17,588$16,090-$16,090
Insurance-$11,167-$11,167
Other Employee Benefits$9,037--$9,037
Advertising-$1,004-$1,004
Total Functional Expenses$1,231,296$284,343$0$1,515,639

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,515,639
Total Expenses per Audited Statements$1,515,639
Total Expenses per Form 990$1,515,639
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$15,988
Fundraising Direct Expenses$11,400
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising Raf$15,988$15,988-$15,988
Total Events$15,988$15,988$11,400$4,588
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
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Organization's process to review form 990 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, Page 6, Part VI, Line 15B

“Compensation process for officers all directors, coaches, and administrator positions are employees of the association. Each compensation amount is approved the board”

Form 990, Page 6, Part VI, Line 19

“Governing documents disclosure explanation 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
7633340210
Address
6600 NICOLLET AVE, MINNEAPOLIS, MN 55423

Signing Officer

Name
Jeff Witte
Title
President
Phone
7633340210
Signed
2022-06-15

Organization Details

Principal Officer
Jeff Witte
Formed
2008
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
7
Employees
42
Volunteers
100

Preparer

Firm
Bodine Perry Pllc
Address
999 VANDERBILT BEACH RD SUITE 704, NAPLES, FL 34108
Preparer
Daniel G Perry CPA
Phone
2392622279
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“The academy is classified as a tax-exempt organization under section 501 (c)(3) of the internal revenue code and is subject to federal and state income tax only on net unrelated business income. 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 irs.”

Raw XML Appendix396 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/AccountantCompileOrReviewInd0true
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt048521
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt051855
IRS990/AccountsReceivableGrp/BOYAmt03030
IRS990/AccountsReceivableGrp/EOYAmt01500
IRS990/ActivitiesConductedPrtshpInd0false
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/ManagementAndGeneralAmt01004
IRS990/AdvertisingGrp/TotalAmt01004
IRS990/AllOtherContributionsAmt045463
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt09596
IRS990/AllOtherExpensesGrp/ProgramServicesAmt011731
IRS990/AllOtherExpensesGrp/TotalAmt021327
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0JEFF WITTE
IRS990/BooksInCareOfDetail/PhoneNum07633340210
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt06600 NICOLLET AVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0RICHFIELD
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055423
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0403749
IRS990/CashNonInterestBearingGrp/EOYAmt0778172
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt045463
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt090
IRS990/CYOtherExpensesAmt0747945
IRS990/CYOtherRevenueAmt0364097
IRS990/CYProgramServiceRevenueAmt01664107
IRS990/CYRevenuesLessExpensesAmt0558118
IRS990/CYSalariesCompEmpBnftPaidAmt0767694
IRS990/CYTotalExpensesAmt01515639
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02073757
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt0171381
IRS990/DeferredRevenueGrp/EOYAmt0124422
IRS990/DelegationOfMgmtDutiesInd0false
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 600 PARTICIPANTS.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt016802
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt042
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt01231296
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt025550
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt08580
IRS990/FeesForServicesAccountingGrp/TotalAmt034130
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt043838
IRS990/FeesForServicesOtherGrp/TotalAmt043838
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt610.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0ANNE BEATON
IRS990/Form990PartVIISectionAGrp/PersonNm1KELLY BRACKIN
IRS990/Form990PartVIISectionAGrp/PersonNm2ANDRES CABALLERO
IRS990/Form990PartVIISectionAGrp/PersonNm3ROB CAVERLY
IRS990/Form990PartVIISectionAGrp/PersonNm4KURT ISHAUG
IRS990/Form990PartVIISectionAGrp/PersonNm5ABIR ROY
IRS990/Form990PartVIISectionAGrp/PersonNm6JEFF WITTE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02008
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingDirectExpensesAmt011400
IRS990/FundraisingGrossIncomeAmt015988
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt02085157
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt07
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt011167
IRS990/InsuranceGrp/TotalAmt011167
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt090
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt090
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
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/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt045277
IRS990/NetAssetsOrFundBalancesEOYAmt0603395
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt04588
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt045277
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0586593
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0536287
IRS990/OccupancyGrp/TotalAmt0536287
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt09037
IRS990/OtherEmployeeBenefitsGrp/TotalAmt09037
IRS990/OtherExpensesGrp/Desc0LEAGUE FEES
IRS990/OtherExpensesGrp/Desc1REFEREE
IRS990/OtherExpensesGrp/Desc2UNIFORM
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt016090
IRS990/OtherExpensesGrp/ProgramServicesAmt034968
IRS990/OtherExpensesGrp/ProgramServicesAmt131546
IRS990/OtherExpensesGrp/ProgramServicesAmt217588
IRS990/OtherExpensesGrp/TotalAmt034968
IRS990/OtherExpensesGrp/TotalAmt131546
IRS990/OtherExpensesGrp/TotalAmt217588
IRS990/OtherExpensesGrp/TotalAmt316090
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0PPP FORGIVENESS
IRS990/OtherRevenueMiscGrp/Desc1COVID 19 CREDITS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0283807
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt175702
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0283807
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt175702
IRS990/OtherRevenueTotalAmt0359509
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0168637
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0536251
IRS990/OtherSalariesAndWagesGrp/TotalAmt0704888
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08461
IRS990/PayrollTaxesGrp/ProgramServicesAmt045308
IRS990/PayrollTaxesGrp/TotalAmt053769
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0JEFF WITTE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0711210
IRS990/ProgramServiceRevenueGrp/BusinessCd1711210
IRS990/ProgramServiceRevenueGrp/BusinessCd2711210
IRS990/ProgramServiceRevenueGrp/Desc0REGISTRATION FEES
IRS990/ProgramServiceRevenueGrp/Desc1PROGRAMS
IRS990/ProgramServiceRevenueGrp/Desc2FIELD SUBLEASE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01429920
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1178019
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt256168
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01429920
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1178019
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt256168
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt017416
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0-516
IRS990/PYOtherExpensesAmt0702323
IRS990/PYOtherRevenueAmt015274
IRS990/PYProgramServiceRevenueAmt01542607
IRS990/PYRevenuesLessExpensesAmt0150148
IRS990/PYSalariesCompEmpBnftPaidAmt0722310
IRS990/PYTotalExpensesAmt01424633
IRS990/PYTotalRevenueAmt01574781
IRS990/ReconcilationRevenueExpnssAmt0558118
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01664107
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt045463
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt017416
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt05206
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt04099
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt031356
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0103540
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt090
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt021
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt02
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt014
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0127
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02039694
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01562924
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01741466
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0893226
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01224251
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt07461561
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt090
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt021
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt02
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt014
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0127
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt07565101
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02085157
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01580340
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01746672
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0897325
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01255607
IRS990ScheduleA/Total509Grp/TotalAmt07565101
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02085247
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01580340
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01746693
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0897327
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01255621
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt07565228
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/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesSubtotalAmt01515639
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueSubtotalAmt02073757
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ACADEMY IS CLASSIFIED AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE AND IS SUBJECT TO FEDERAL AND STATE INCOME TAX ONLY ON NET UNRELATED BUSINESS INCOME. 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 IRS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalExpensesPerForm990Amt01515639
IRS990ScheduleD/TotalRevenuePerForm990Amt02073757
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02073757
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01515639
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt011400
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt011400
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt011400
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FUNDRAISING RAF
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt015988
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt015988
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt015988
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt015988
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt04588
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION'S PROCESS TO REVIEW FORM 990 A REVIEW OF THE FORM 990 WAS COMPLETED BY THE PRESIDENT, TREASURER AND EXECUTIVE DIRECTOR, WITH A COPY SENT TO ALL BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COMPENSATION PROCESS FOR OFFICERS ALL DIRECTORS, COACHES, AND ADMINISTRATOR POSITIONS ARE EMPLOYEES OF THE ASSOCIATION. EACH COMPENSATION AMOUNT IS APPROVED THE BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS DISCLOSURE EXPLANATION 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.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0406779
IRS990/TotalAssetsEOYAmt0779672
IRS990/TotalAssetsGrp/BOYAmt0406779
IRS990/TotalAssetsGrp/EOYAmt0779672
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt045463
IRS990/TotalEmployeeCnt042
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0284343
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01231296
IRS990/TotalFunctionalExpensesGrp/TotalAmt01515639
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0361502
IRS990/TotalLiabilitiesEOYAmt0176277
IRS990/TotalLiabilitiesGrp/BOYAmt0361502
IRS990/TotalLiabilitiesGrp/EOYAmt0176277
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt045277
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0603395
IRS990/TotalProgramServiceExpensesAmt01231296
IRS990/TotalProgramServiceRevenueAmt01664107
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02023706
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02073757
IRS990/TotalVolunteersCnt0100
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0406779
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0779672
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0141600
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06600 NICOLLET AVE
IRS990/USAddress/CityNm0RICHFIELD
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055423
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0MNTHUNDERACADEMY.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JEFF WITTE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07633340210
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-06-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MINNESOTA THUNDER ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0MINN
ReturnHeader/Filer/EIN0263017116
ReturnHeader/Filer/PhoneNum07633340210
ReturnHeader/Filer/USAddress/AddressLine1Txt06600 NICOLLET AVE
ReturnHeader/Filer/USAddress/CityNm0MINNEAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055423
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0833033790
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BODINE PERRY PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0999 VANDERBILT BEACH RD SUITE 704
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NAPLES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd034108
ReturnHeader/PreparerPersonGrp/PhoneNum02392622279
ReturnHeader/PreparerPersonGrp/PreparationDt02022-06-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DANIEL G PERRY CPA
ReturnHeader/ReturnTs02022-06-15T13:45:58-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JEFF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WITTE
ReturnHeader/TaxPeriodBeginDt02020-08-01
ReturnHeader/TaxPeriodEndDt02021-07-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$779,672
Liabilities
$176,277
Net assets
$603,395
Revenue
$2,073,757
Expenses
$1,515,639
Net income
$558,118
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