Civic Intelligence

Minnesota Heat Hoops Inc

EIN 27-4463412 • 501(c)3 • Maple Grove, MN

Profile

Charitable and educational purposes: -providing basketball programs to children that otherwise could not afford to play. -organizing basketball related events for players such as professional & hs games. -supporting local schools & communities by renting their facilities.

17377 91st Ave NMaple Grove, MN 55311

minnesotaheat.net

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.04x

Higher debt load relative to assets than 43% of similar nonprofits.

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

Liabilities / Revenue

27th percentile

0.01x

Higher debt load relative to revenue than 27% of similar nonprofits.

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

Net Margin

27th percentile

-5.8%

Higher net margin than 27% of similar nonprofits.

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

Top Officer Pay

94th percentile

$278,887

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 18.0% of source-year revenue.

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

Asset Growth

7th percentile

-27%

Faster asset growth than 7% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

30th percentile

-4.1%

Faster revenue growth than 30% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$265,713

Down $99,431 (-27%) from 2023

Liabilities

Down

$9,366

Down $10,042 (-52%) from 2023

Net Assets

Down

$256,347

Down $89,389 (-26%) from 2023

Revenue

Down

$1,545,502

Down $65,748 (-4.1%) from 2023

Expenses

Up

$1,634,891

Up $112,659 (+7.4%) from 2023

Net Income

Down

-$89,389

Down $178,407 (-200%) from 2023

Trend Graphs

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2011: $3,379Liabilities 2011: $1,493Net Assets 2011: $1,8862011Assets 2012: $9,222Liabilities 2012: $0Net Assets 2012: $9,2222012Assets 2013: $23,561Liabilities 2013: $225Net Assets 2013: $23,3362013Assets 2014: $15,795Liabilities 2014: $1,517Net Assets 2014: $14,2782014Assets 2015: $19,121Liabilities 2015: $1,426Net Assets 2015: $17,6952015Assets 2016: $58,505Liabilities 2016: $708Net Assets 2016: $57,7972016Assets 2017: $51,957Liabilities 2017: $171Net Assets 2017: $51,7862017Assets 2018: $82,890Liabilities 2018: $6,189Net Assets 2018: $76,7012018Assets 2019: $133,221Liabilities 2019: $18,938Net Assets 2019: $114,2832019Assets 2020: $155,670Liabilities 2020: $18,599Net Assets 2020: $137,0712020Assets 2021: $44,467Liabilities 2021: $7,065Net Assets 2021: $37,4022021Assets 2022: $143,958Liabilities 2022: $9,966Net Assets 2022: $133,9922022Assets 2023: $365,144Liabilities 2023: $19,408Net Assets 2023: $345,7362023Assets 2024: $265,713Liabilities 2024: $9,366Net Assets 2024: $256,3472024

Highlighted filing

2024

Assets$265,713
Liabilities$9,366
Net Assets$256,347

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2011: $391,9402011Expenses 2012: $435,4912012Revenue 2013: $641,045Expenses 2013: $624,509Net Income 2013: $16,5362013Revenue 2014: $654,669Expenses 2014: $663,402Net Income 2014: -$8,7332014Revenue 2015: $716,970Expenses 2015: $713,553Net Income 2015: $3,4172015Revenue 2016: $749,224Expenses 2016: $711,289Net Income 2016: $37,9352016Revenue 2017: $923,336Expenses 2017: $929,347Net Income 2017: -$6,0112017Revenue 2018: $939,592Expenses 2018: $911,268Net Income 2018: $28,3242018Revenue 2019: $1,004,810Expenses 2019: $967,228Net Income 2019: $37,5822019Revenue 2020: $881,188Expenses 2020: $853,696Net Income 2020: $27,4922020Revenue 2021: $727,071Expenses 2021: $826,740Net Income 2021: -$99,6692021Revenue 2022: $726,987Expenses 2022: $630,397Net Income 2022: $96,5902022Revenue 2023: $1,611,250Expenses 2023: $1,522,232Net Income 2023: $89,0182023Revenue 2024: $1,545,502Expenses 2024: $1,634,891Net Income 2024: -$89,3892024

Highlighted filing

2024

Revenue$1,545,502
Expenses$1,634,891
Net Income-$89,389

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.27$0.01$0.26$1.55$1.63$0.09
2023Detailed filing. Detailed filing data is available for this year.$0.37$0.02$0.35$1.61$1.52$0.09
2022Detailed filing. Detailed filing data is available for this year.$0.14$0.01$0.13$0.73$0.63$0.10
2021Detailed filing. Detailed filing data is available for this year.$0.04$0.01$0.04$0.73$0.83$0.10
2020Detailed filing. Detailed filing data is available for this year.$0.16$0.02$0.14$0.88$0.85$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.13$0.02$0.11$1.00$0.97$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.08$0.01$0.08$0.94$0.91$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$0.92$0.93$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.06$0.00$0.06$0.75$0.71$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.72$0.71$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.01$0.65$0.66$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.64$0.62$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.01$0.00$0.01$0.44
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$0.39
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.0
Gross Receipts
$1,545,502
Mission and Program Overview

Mission

Charitable and educational purposes: -providing basketball programs to children that otherwise could not afford to play. -organizing basketball related events for players such as professional & hs games. -supporting local schools & communities by renting their facilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$362,469$259,390▼ $103,079
Prepaid Expenses and Deferred Charges$2,675$6,323▲ $3,648
Total Assets$365,144$265,713▼ $99,431
Liabilities
Accounts Payable and Accrued Expenses$19,408$9,366▼ $10,042
Total Liabilities$19,408$9,366▼ $10,042
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$345,736$256,347▼ $89,389
Total Net Assets Fund Balance$345,736$256,347▼ $89,389
Total Liabilities and Net Assets / Fund Balance$365,144$265,713▼ $99,431
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Willie VangBoard MemberPT$264,500$14,387$278,887

Board Members and Trustees

NameTitle
Andrew LinamanPresident
Nick CarrollBoard Member
Karin MartinekSecretary
Mary HoppTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,523,350
Investment Income
$21,280
Other Revenue
$872
Change in Net Assets
$-89,389
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,213,316
Salaries, Compensation, and Employee Benefits$421,575
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$139,444$139,443-$278,887
All Other Expenses$89,743$52,677-$142,420
Other Salaries and Wages$56,333$56,333-$112,666
Other Expenses$69,185--$69,185
Travel$63,296--$63,296
Fees for Services Accounting-$28,858-$28,858
Payroll Taxes$11,626$11,627-$23,253
Insurance$10,407$962-$11,369
Pension Plan Contributions$3,384$3,385-$6,769
Office Expenses-$3,276-$3,276
Total Functional Expenses$1,338,330$296,561$0$1,634,891
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
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

Board members will review form 990 at annual meeting to be scheduled by josh presbitero. A seperate financial audit is preformed.

Form 990, Page 6, Part VI, Line 19

All returns and filings will be available on the organizations website and also upon request by any member of the public

Filing and Contact Details

Filer

Filer Name
Minnesota Heat Hoops Inc
EIN
27-4463412
Phone
6512699822
Address
17377 91ST AVE N, MAPLE GROVE, MN 55311

Signing Officer

Name
Willie Vang
Title
Board Member
Phone
6512699822
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Willie Vang
Formed
2011
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
5
Employees
4
Volunteers
30

Preparer

Firm
Valtinson Tax Services LLC
Address
388 CLEVELAND AVENUE SW, NEW BRIGHTON, MN 55112-3553
Preparer
Justen Valtinson
Phone
6516289832
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Charitable and educational purposes: -providing basketball programs to children that otherwise could not afford to play. -organizing basketball related events for players such as professional & hs games. -supporting local schools & communities by renting their facilities.

Form 990, Page 1, Part I, Line 6

Volunteers helped with tryouts (handing out jerseys, taking registrations, etc) along with working the tournaments we hosted (admissions, concessions, scoreboard, etc).

Form 990, Page 2, Part III, Line 4A

Minnesota heat hoops grew to 120 total teams (87 metro boys, 21 metro girls, 12 rochester) in the spring season accommodating around 1,200 players. The program expanded outside of the metro twin cities and started fielding teams out of the rochester area. With the newfound market in the southeastern region, we were able to add 12 teams in the past spring. On top of our spring teams, we also fielded 21 teams during our fall season. For the first time in program history, we will also field a winter team comprised of players from the edina travel association who were cut from their tryouts giving more kids the opportunity to keep playing basketball competitively. The program also scholarshipped a total of 30,000 worth of season fees during the year. Last but not least, 2022 will be capped off with our annual heat christmas event where we provide a unique christmas experience for our athletes that come from financially challenged backgrounds.

Form 990, Part XI, Line 9

Unrestricted net assets 0 prior period equity adjustment 0

Raw XML Appendix362 raw XML fields

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

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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0WILLIE VANG
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0BOARD MEMBER
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CHARITABLE AND EDUCATIONAL PURPOSES: -PROVIDING BASKETBALL PROGRAMS TO CHILDREN THAT OTHERWISE COULD NOT AFFORD TO PLAY. -ORGANIZING BASKETBALL RELATED EVENTS FOR PLAYERS SUCH AS PROFESSIONAL & HS GAMES. -SUPPORTING LOCAL SCHOOLS & COMMUNITIES BY RENTING THEIR FACILITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1VOLUNTEERS HELPED WITH TRYOUTS (HANDING OUT JERSEYS, TAKING REGISTRATIONS, ETC) ALONG WITH WORKING THE TOURNAMENTS WE HOSTED (ADMISSIONS, CONCESSIONS, SCOREBOARD, ETC).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MINNESOTA HEAT HOOPS GREW TO 120 TOTAL TEAMS (87 METRO BOYS, 21 METRO GIRLS, 12 ROCHESTER) IN THE SPRING SEASON ACCOMMODATING AROUND 1,200 PLAYERS. THE PROGRAM EXPANDED OUTSIDE OF THE METRO TWIN CITIES AND STARTED FIELDING TEAMS OUT OF THE ROCHESTER AREA. WITH THE NEWFOUND MARKET IN THE SOUTHEASTERN REGION, WE WERE ABLE TO ADD 12 TEAMS IN THE PAST SPRING. ON TOP OF OUR SPRING TEAMS, WE ALSO FIELDED 21 TEAMS DURING OUR FALL SEASON. FOR THE FIRST TIME IN PROGRAM HISTORY, WE WILL ALSO FIELD A WINTER TEAM COMPRISED OF PLAYERS FROM THE EDINA TRAVEL ASSOCIATION WHO WERE CUT FROM THEIR TRYOUTS GIVING MORE KIDS THE OPPORTUNITY TO KEEP PLAYING BASKETBALL COMPETITIVELY. THE PROGRAM ALSO SCHOLARSHIPPED A TOTAL OF 30,000 WORTH OF SEASON FEES DURING THE YEAR. LAST BUT NOT LEAST, 2022 WILL BE CAPPED OFF WITH OUR ANNUAL HEAT CHRISTMAS EVENT WHERE WE PROVIDE A UNIQUE CHRISTMAS EXPERIENCE FOR OUR ATHLETES THAT COME FROM FINANCIALLY CHALLENGED BACKGROUNDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD MEMBERS WILL REVIEW FORM 990 AT ANNUAL MEETING TO BE SCHEDULED BY JOSH PRESBITERO. A SEPERATE FINANCIAL AUDIT IS PREFORMED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL RETURNS AND FILINGS WILL BE AVAILABLE ON THE ORGANIZATIONS WEBSITE AND ALSO UPON REQUEST BY ANY MEMBER OF THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5UNRESTRICTED NET ASSETS 0 PRIOR PERIOD EQUITY ADJUSTMENT 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIE VANG
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ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-17
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0VALTINSON TAX SERVICES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0388 CLEVELAND AVENUE SW
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW BRIGHTON
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ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JUSTEN VALTINSON
ReturnHeader/ReturnTs02025-11-17T18:19:02-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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