Civic Intelligence

Minnesota Thunder Academy

990 • Fiscal year 2023 • EIN 26-3017116

Aug 01, 2022 to Jul 31, 2023 • Filed on Apr 12, 2024

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

83rd percentile

0.49x

Higher debt load relative to assets than 83% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

77th percentile

0.42x

Higher debt load relative to revenue than 77% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

63rd percentile

11%

Higher net margin than 63% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

57th percentile

$76,440

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

95th percentile

110%

Faster asset growth than 95% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

65th percentile

18%

Faster revenue growth than 65% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Up

$2,124,907

Up $1,111,365 (+110%) from 2022

Net Assets

Up

$1,091,960

Up $269,251 (+33%) from 2022

Liabilities

Up

$1,032,947

Up $842,114 (+441%) from 2022

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin63rd percentile

Revenue

Up

$2,484,777

Up $385,608 (+18%) from 2022

Expenses

Up

$2,215,526

Up $335,672 (+18%) from 2022

Net Income

Up

$269,251

Up $49,936 (+23%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth95th 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

2023

Assets$2,124,907
Liabilities$1,032,947
Net Assets$1,091,960
Open 2023 Filing

Operations Trend

Revenue Growth65th 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

2023

Revenue$2,484,777
Expenses$2,215,526
Net Income$269,251
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2022 to Jul 31, 2023
Signed
Apr 12, 2024
Return Version
2022v5.0
Gross Receipts
$2,501,226
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$1,007,790$2,114,056▲ $1,106,266
Prepaid Expenses and Deferred Charges$5,218$6,201▲ $983
Accounts Receivable$534$4,650▲ $4,116
Total Assets$1,013,542$2,124,907▲ $1,111,365
Liabilities
Deferred Revenue$111,890$946,102▲ $834,212
Accounts Payable and Accrued Expenses$78,943$86,845▲ $7,902
Total Liabilities$190,833$1,032,947▲ $842,114
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$804,102$1,078,410▲ $274,308
Net Assets With Donor Restrictions$18,607$13,550▼ $5,057
Total Net Assets Fund Balance$822,709$1,091,960▲ $269,251
Total Liabilities and Net Assets / Fund Balance$1,013,542$2,124,907▲ $1,111,365
Compensation and Service Providers
Top Officer Pay57th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Maureen BrickExecutive DirectorFT$76,440$76,440

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$61,208
Program Service Revenue
$2,377,494
Investment Income
$6,778
Other Revenue
$39,297
All Other Contributions
$56,808
Change in Net Assets
$269,251

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,447,459
Revenue Not Reported on Financial Statements
$37,318
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$37,318
Total Revenue per Audited Statements
$2,447,459
Total Revenue per Form 990
$2,484,777
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,159,087
Salaries, Compensation, and Employee Benefits$1,002,672
Grants and Similar Amounts Paid$53,767
Total Fundraising Expense$9,589
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$616,676$235,777-$852,453
Occupancy$682,619--$682,619
Fees for Services Other$47,025$73,531-$120,556
Payroll Taxes$53,159$20,368-$73,527
Current Officers, Directors, Trustees, and Key Employees$42,637$18,273-$60,910
Grants to Domestic Individuals$53,767--$53,767
All Other Expenses$29,381$13,980$9,589$52,950
Fees for Services Accounting-$29,341-$29,341
Other Expenses$22,201--$22,201
Other Employee Benefits$9,010$6,772-$15,782
Insurance-$13,533-$13,533
Office Expenses-$8,060-$8,060
Advertising-$4,045-$4,045
Fees for Services Legal$1,400--$1,400
Total Functional Expenses$1,782,257$423,680$9,589$2,215,526

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,215,526
Total Expenses per Audited Statements$2,178,208
Expenses per Audited Statements$2,161,759
Expenses Not Reported on Financial Statements$53,767
Other Expense Adjustments$53,767
Expenses Not Reported on Form 990$16,449
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$47,975
Fundraising Direct Expenses$16,449
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Thunderpalooza$28,120$28,120$73$28,047
Golf Tournament$20,002$15,602$193$15,409
Total Events$52,375$47,975$16,449$31,526
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
Audit committee
Yes
Backup withholding compliance
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, Part VI, Section A, Line 8B

“NO COMMITTEES”

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

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

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

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

Form 990, Part VI, Section C, Line 19

“Copies of the organization's annual audited financial statements will be made available upon request. The organizations governing documents 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
Rob Caverly
Title
Board President
Phone
6127019069
Signed
2024-04-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rob Caverly
Formed
2008
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
5
Employees
65
Volunteers
150

Preparer

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

Additional Explanations

Form 990, Part XI, Line 2C

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

Financial Statement Notes

PART X, LINE 2:

“Asc 740 disclosure from audited financial statements: the academy is exempt from federal and state income taxes under section 501(c)(3) of the internal revenue code therefore, the statements do not include a provision for income taxes but is subject to income tax on net unrelated business income. The organization had no unrelated business income tax in 2022 and 2021. 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.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Direct fundraising expenses -16,449. Scholarships net against program fees on audited financial statements 53,767.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Direct fundraising expenses 16,449.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Scholarships net against program fees on audited financial statements 53,767.”

Raw XML AppendixShowing 400 of 468 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/BOYAmt078943
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt086845
IRS990/AccountsReceivableGrp/BOYAmt0534
IRS990/AccountsReceivableGrp/EOYAmt04650
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/ManagementAndGeneralAmt04045
IRS990/AdvertisingGrp/TotalAmt04045
IRS990/AllOtherContributionsAmt056808
IRS990/AllOtherExpensesGrp/FundraisingAmt09589
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt013980
IRS990/AllOtherExpensesGrp/ProgramServicesAmt029381
IRS990/AllOtherExpensesGrp/TotalAmt052950
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum07633340210
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt06600 NICOLLET AVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0MINNEAPOLIS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055423
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt01007790
IRS990/CashNonInterestBearingGrp/EOYAmt02114056
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt018273
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt042637
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt060910
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContriRptFundraisingEventAmt04400
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt061208
IRS990/CYGrantsAndSimilarPaidAmt053767
IRS990/CYInvestmentIncomeAmt06778
IRS990/CYOtherExpensesAmt01159087
IRS990/CYOtherRevenueAmt039297
IRS990/CYProgramServiceRevenueAmt02377494
IRS990/CYRevenuesLessExpensesAmt0269251
IRS990/CYSalariesCompEmpBnftPaidAmt01002672
IRS990/CYTotalExpensesAmt02215526
IRS990/CYTotalFundraisingExpenseAmt09589
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02484777
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt0111890
IRS990/DeferredRevenueGrp/EOYAmt0946102
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0THE MINNESOTA THUNDER ACADEMY PROMOTES, SPONSORS, ORGANIZES, AND ADMINISTERS SOCCER PROGRAMS - WHICH INCLUDE THE HIGHEST LEVELS OF PLAY, GUIDANCE, INSTRUCTION, AND COMPETITION, WITH THE EMPHASIS ON SKILL DEVELOPMENT, TEAMWORK, AND GOOD SPORTSMANSHIP FOR THE COMMITTED SOCCER PLAYER. THE ACADEMY HAS APPROXIMATELY 800 PARTICIPANTS. ACADEMY TEAMS COMPETE IN ELITE CLUBS NATIONAL LEAGUE (ECNL), MINNESOTA NATIONAL PREMIER LEAGUE (NPL) AND TWIN CITIES SOCCER LEAGUES (TCSL) AS WELL AS THE WOMEN'S PREMIER SOCCER LEAGUE (WPSL).
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt018607
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt013550
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt065
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01782257
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt029341
IRS990/FeesForServicesAccountingGrp/TotalAmt029341
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt01400
IRS990/FeesForServicesLegalGrp/TotalAmt01400
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt073531
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt047025
IRS990/FeesForServicesOtherGrp/TotalAmt0120556
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt043.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt13.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
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/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0MAUREEN BRICK
IRS990/Form990PartVIISectionAGrp/PersonNm1ROB CAVERLY
IRS990/Form990PartVIISectionAGrp/PersonNm2KURT ISHAUG
IRS990/Form990PartVIISectionAGrp/PersonNm3JEFF WITTE
IRS990/Form990PartVIISectionAGrp/PersonNm4ANDRES CABALLERO
IRS990/Form990PartVIISectionAGrp/PersonNm5JASON TRUCANO
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt076440
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02008
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt04400
IRS990/FundraisingDirectExpensesAmt016449
IRS990/FundraisingGrossIncomeAmt047975
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantAmt053767
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt053767
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt053767
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02501226
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt013533
IRS990/InsuranceGrp/TotalAmt013533
IRS990/InvestmentIncomeGrp/ExclusionAmt06778
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt06778
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
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/NetAssetsOrFundBalancesBOYAmt0822709
IRS990/NetAssetsOrFundBalancesEOYAmt01091960
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt031526
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt031526
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0804102
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01078410
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0682619
IRS990/OccupancyGrp/TotalAmt0682619
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08060
IRS990/OfficeExpensesGrp/TotalAmt08060
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt06772
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt09010
IRS990/OtherEmployeeBenefitsGrp/TotalAmt015782
IRS990/OtherExpensesGrp/Desc0GOTHIA CUP EXPENSES
IRS990/OtherExpensesGrp/Desc1LEAGUE FEES
IRS990/OtherExpensesGrp/Desc2REFEREE EXPENSE
IRS990/OtherExpensesGrp/Desc3UNIFORMS
IRS990/OtherExpensesGrp/ProgramServicesAmt0132240
IRS990/OtherExpensesGrp/ProgramServicesAmt149153
IRS990/OtherExpensesGrp/ProgramServicesAmt242989
IRS990/OtherExpensesGrp/ProgramServicesAmt322201
IRS990/OtherExpensesGrp/TotalAmt0132240
IRS990/OtherExpensesGrp/TotalAmt149153
IRS990/OtherExpensesGrp/TotalAmt242989
IRS990/OtherExpensesGrp/TotalAmt322201
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt07771
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt07771
IRS990/OtherRevenueTotalAmt07771
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0235777
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0616676
IRS990/OtherSalariesAndWagesGrp/TotalAmt0852453
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt020368
IRS990/PayrollTaxesGrp/ProgramServicesAmt053159
IRS990/PayrollTaxesGrp/TotalAmt073527
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05218
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06201
IRS990/PrincipalOfficerNm0ROB CAVERLY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0711210
IRS990/ProgramServiceRevenueGrp/BusinessCd1711210
IRS990/ProgramServiceRevenueGrp/BusinessCd2711210
IRS990/ProgramServiceRevenueGrp/BusinessCd3711210
IRS990/ProgramServiceRevenueGrp/Desc0REGISTRATION FEES
IRS990/ProgramServiceRevenueGrp/Desc1PROGRAMS
IRS990/ProgramServiceRevenueGrp/Desc2GOTHIA CUP
IRS990/ProgramServiceRevenueGrp/Desc3FIELD SUBLEASE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01944596
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1242121
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2132240
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt358537
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01944596
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1242121
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2132240
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt358537
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt033233
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt065842
IRS990/PYInvestmentIncomeAmt0124
IRS990/PYOtherExpensesAmt0924261
IRS990/PYOtherRevenueAmt031605
IRS990/PYProgramServiceRevenueAmt02034207
IRS990/PYRevenuesLessExpensesAmt0219315
IRS990/PYSalariesCompEmpBnftPaidAmt0889751
IRS990/PYTotalExpensesAmt01879854
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02099169
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0269251
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02385265
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt061208
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt033233
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt045463
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt017416
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt05206
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0162526
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt06778
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0124
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt090
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt021
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt07013
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02379473
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt02080976
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt02039694
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01562924
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01741466
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt09804533
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt06778
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0124
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt090
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt021
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt07013
IRS990ScheduleA/InvestmentIncomeCYPct00.00070
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99930
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt09967059
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02440681
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02114209
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02085157
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01580340
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01746672
IRS990ScheduleA/Total509Grp/TotalAmt09967059
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02447459
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02114333
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02085247
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01580340
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01746693
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt09974072
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/ExpensesNotReportedAmt016449
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt053767
IRS990ScheduleD/ExpensesSubtotalAmt02161759
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt016449
IRS990ScheduleD/OtherExpensesNotIncludedAmt053767
IRS990ScheduleD/OtherRevenuesNotIncludedAmt037318
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt037318
IRS990ScheduleD/RevenueSubtotalAmt02447459
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ASC 740 DISCLOSURE FROM AUDITED FINANCIAL STATEMENTS: THE ACADEMY IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE THEREFORE, THE STATEMENTS DO NOT INCLUDE A PROVISION FOR INCOME TAXES BUT IS SUBJECT TO INCOME TAX ON NET UNRELATED BUSINESS INCOME. THE ORGANIZATION HAD NO UNRELATED BUSINESS INCOME TAX IN 2022 AND 2021. 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/ExplanationTxt1DIRECT FUNDRAISING EXPENSES -16,449. SCHOLARSHIPS NET AGAINST PROGRAM FEES ON AUDITED FINANCIAL STATEMENTS 53,767.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2DIRECT FUNDRAISING EXPENSES 16,449.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3SCHOLARSHIPS NET AGAINST PROGRAM FEES ON AUDITED FINANCIAL STATEMENTS 53,767.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt02215526
IRS990ScheduleD/TotalRevenuePerForm990Amt02484777
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02447459
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02178208
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt04400
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt04400
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt016449
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0THUNDERPALOOZA
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt020002
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt028120
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt04253
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt052375
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt015602
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt028120
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt04253
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt047975
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt031526
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt0425
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt0425
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0266
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0193
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt073
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt08344
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt07414
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt015758
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt053767
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FINANCIAL AID
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt051
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION PROVIDES FINANCIAL AID TO SOME PLAYERS. THEY MUST COMPLETE AN APPLICATION INCLUDING PROOF OF NEED TO QUALIFY.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO COMMITTEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A REVIEW OF THE FORM 990 WAS COMPLETED BY THE PRESIDENT, TREASURER AND EXECUTIVE DIRECTOR, WITH A COPY SENT TO ALL BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL DIRECTORS, COACHES, AND ADMINISTRATOR POSITIONS ARE EMPLOYEES OF THE ASSOCIATION. COMPENSATION AMOUNTS ARE APPROVED BY THE EXECUTIVE DIRECTOR, AND BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COPIES OF THE ORGANIZATION'S ANNUAL AUDITED FINANCIAL STATEMENTS WILL BE MADE AVAILABLE UPON REQUEST. THE ORGANIZATIONS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT OPEN TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THERE HAS BEEN NO CHANGE FROM THE PRIOR YEAR IN THE PROCESS RELATED TO THE OVERSIGHT OF THE AUDIT AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01013542
IRS990/TotalAssetsEOYAmt02124907
IRS990/TotalAssetsGrp/BOYAmt01013542
IRS990/TotalAssetsGrp/EOYAmt02124907
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt061208
IRS990/TotalEmployeeCnt065

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,124,907
Liabilities
$1,032,947
Net assets
$1,091,960
Revenue
$2,484,777
Expenses
$2,215,526
Net income
$269,251
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