Civic Intelligence

Waseca Hockey Association Inc.

990 • Fiscal year 2017 • EIN 41-1312089

May 01, 2016 to Apr 30, 2017 • Filed on Mar 15, 2018

PO Box 133Waceca, MN 56093

(507) 469-5771

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.05x

Higher debt load relative to assets than 42% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

47th percentile

0.09x

Higher debt load relative to revenue than 47% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

88th percentile

38%

Higher net margin than 88% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

38th percentile

$17,450

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 10.7% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

88th percentile

36%

Faster asset growth than 88% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

69th percentile

16%

Faster revenue growth than 69% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$261,959

Up $69,843 (+36%) from 2016

Net Assets

Up

$248,015

Up $62,343 (+34%) from 2016

Liabilities

Up

$13,944

Up $7,500 (+116%) from 2016

Revenue

Up

$162,903

Up $21,907 (+16%) from 2016

Expenses

Down

$100,560

Down $17,150 (-15%) from 2016

Net Income

Up

$62,343

Up $39,057 (+168%) from 2016

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2010: $86,790Liabilities 2010: $5,544Net Assets 2010: $81,2462010Assets 2011: $85,375Liabilities 2011: $4,840Net Assets 2011: $80,5352011Assets 2012: $94,573Liabilities 2012: $6,635Net Assets 2012: $87,9382012Assets 2013: $122,297Liabilities 2013: $10,803Net Assets 2013: $111,4942013Assets 2014: $154,923Liabilities 2014: $0Net Assets 2014: $154,9232014Assets 2015: $162,386Liabilities 2015: $0Net Assets 2015: $162,3862015Assets 2016: $192,116Liabilities 2016: $6,444Net Assets 2016: $185,6722016Assets 2017: $261,959Liabilities 2017: $13,944Net Assets 2017: $248,0152017Assets 2018: $304,929Liabilities 2018: $9,472Net Assets 2018: $295,4572018Assets 2019: $360,151Liabilities 2019: $2,016Net Assets 2019: $358,1352019Assets 2020: $343,838Liabilities 2020: $700Net Assets 2020: $343,1382020Assets 2022: $406,777Liabilities 2022: $7,602Net Assets 2022: $399,1752022Assets 2023: $290,701Liabilities 2023: $5,236Net Assets 2023: $285,4652023Assets 2025: $348,789Liabilities 2025: $23,509Net Assets 2025: $325,2802025

Highlighted filing

2017

Assets$261,959
Liabilities$13,944
Net Assets$248,015

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100K-$200KExpenses 2010: $106,8012010Expenses 2011: $99,0282011Expenses 2012: $76,8952012Revenue 2013: $88,237Expenses 2013: $64,681Net Income 2013: $23,5562013Revenue 2014: $125,481Expenses 2014: $82,052Net Income 2014: $43,4292014Revenue 2015: $149,544Expenses 2015: $142,081Net Income 2015: $7,4632015Revenue 2016: $140,996Expenses 2016: $117,710Net Income 2016: $23,2862016Revenue 2017: $162,903Expenses 2017: $100,560Net Income 2017: $62,3432017Revenue 2018: $175,873Expenses 2018: $128,431Net Income 2018: $47,4422018Revenue 2019: $254,526Expenses 2019: $194,288Net Income 2019: $60,2382019Revenue 2020: $247,743Expenses 2020: $211,080Net Income 2020: $36,6632020Revenue 2022: $273,027Expenses 2022: $264,114Net Income 2022: $8,9132022Revenue 2023: $153,695Expenses 2023: $266,181Net Income 2023: -$112,4862023Revenue 2025: $119,394Expenses 2025: $116,043Net Income 2025: $3,3512025

Highlighted filing

2017

Revenue$162,903
Expenses$100,560
Net Income$62,343
Jump To
Filing Snapshot
Filing Period
May 1, 2016 to Apr 30, 2017
Signed
Mar 15, 2018
Return Version
2016v3.1
Gross Receipts
$3,627,176
Mission and Program Overview

Mission

Teaching children under age of 18 years old to play the game of hockey

Teaching children under the age of 18 years old to play the game of hockey.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$153,543$196,554▲ $43,011
Total Assets$192,116$261,959▲ $69,843
Other Assets Total$38,573$65,405▲ $26,832
Liabilities
Other Liabilities$6,435$13,944▲ $7,509
Deferred Revenue$9--
Total Liabilities$6,444$13,944▲ $7,500
Net Assets / Fund Balance
Temporarily Rstr Net Assets$113,265$157,838▲ $44,573
Unrestricted Net Assets$72,407$90,177▲ $17,770
Total Net Assets Fund Balance$185,672$248,015▲ $62,343
Total Liabilities and Net Assets / Fund Balance$192,116$261,959▲ $69,843

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1,381--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Al Kunz - 10 MonthsGambling ManPT$17,450$17,450
Josh Lynch - 2 MonthsGambling ManPT$3,250$3,250

Board Members and Trustees

NameTitle
Jason AttenbergerPresident
Shelly KusterCo-tournamen
Tara RussellCo-tournamen
Jeremy MortensenEquipment Ma
Brian WellerHigh School
Steve GordonIce Schedule
Clint SelvikRecruitment
Shannon CliffRegistration
Molly UlschmidTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$13,390
Program Service Revenue
$85,045
Investment Income
$555
Other Revenue
$63,913
All Other Contributions
$13,390
Change in Net Assets
$62,343

Audited Revenue Reconciliation

Revenue per Audited Statements
$162,903
Total Revenue per Audited Statements
$162,903
Total Revenue per Form 990
$162,903
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$100,560
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$3,970$11,996-$15,966
Fees for Services Other$8,515--$8,515
Other Expenses$6,478--$6,478
Advertising-$3,171-$3,171
Travel$2,438--$2,438
Occupancy$2,250--$2,250
Insurance$1,058$1,070-$2,128
Fees for Services Accounting-$1,895-$1,895
Office Expenses-$213-$213
Total Functional Expenses$82,215$18,345$0$100,560

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$100,560
Total Expenses per Audited Statements$100,560
Total Expenses per Form 990$100,560
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$3,475,091
Gaming Direct Expenses$3,431,014
Fundraising Gross Income$46,010
Fundraising Direct Expenses$33,259
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising$46,010$46,010$33,259$12,751
Total Events$46,010$46,010$33,259$12,751
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Unpaid Prizes$8,336
Trust Fund Taxes$5,608
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

When a request is made a paper copy is provided.

Filing and Contact Details

Filer

Filer Name
Waseca Hockey Association Inc
EIN
41-1312089
Address
PO BOX 133, WACECA, MN 56093

Signing Officer

Name
Molly Ulschmid
Title
Treasurer
Phone
5074695771
Signed
2018-03-15

Organization Details

Principal Officer
Molly Ulschmid
Formed
1971
Legal Domicile
Mn
Voting Board Members
10
Independent Board Members
8
Employees
10

Preparer

Firm
Burkhardt & Burkhardt Ltd
Address
PO BOX N, ANNANDALE, MN 55302-0139
Preparer
Jeffrey Burkhardt
Phone
3202741040
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Miscellaneous 0 5,363 0 federal income tax 0 2,862 0 banquent 0 2,001 0 supplies 0 1,770 0 supplies 1,198 0 0 miscelleneous 1,050 0 0 dues 795 0 0 jackets 567 0 0 mileage reimbursement 200 0 0 miscelleneous 160 0 0 total 3,970 11,996 0

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IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0576
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt092130
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0113945
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0105278
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt081327
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0392680
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt0157362
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt021925
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt028581
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt044324
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt0252192
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0555
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt05
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt06
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt010
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0576
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearAmt014938
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus1YearAmt018560
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus2YearsAmt018060
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus3YearsAmt023174
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt074732
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.90500
IRS990ScheduleA/PublicSupportTotal509Amt0717480
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0262882
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0152553
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0162426
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0139619
IRS990ScheduleA/Total509Grp/TotalAmt0717480
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0278375
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0171118
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0180492
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0162803
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0792788
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0100560
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt053079
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt110945
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt21381
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0INVESTMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CONFIRM BEGINNING BALANCE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2MERCHANDISE PRIZE INVENTORY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08336
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15608
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0UNPAID PRIZES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TRUST FUND TAXES
IRS990ScheduleD/RevenueSubtotalAmt0162903
IRS990ScheduleD/TotalBookValueOtherAssetsAmt065405
IRS990ScheduleD/TotalExpensesPerForm990Amt0100560
IRS990ScheduleD/TotalLiabilityAmt013944
IRS990ScheduleD/TotalRevenuePerForm990Amt0162903
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0162903
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0100560
IRS990ScheduleG/CharitableDistributionRqrInd0true
IRS990ScheduleG/CntrctWith3rdPrtyForGameRevInd0false
IRS990ScheduleG/DistributedAmt0104774
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt033259
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FUNDRAISING
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt046010
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt046010
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt046010
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt046010
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt012751
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt033259
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt033259
IRS990ScheduleG/GamingInformationGrp/CashPrizesBingoAmt069828
IRS990ScheduleG/GamingInformationGrp/CashPrizesPullTabsAmt02618000
IRS990ScheduleG/GamingInformationGrp/CashPrizesTotalGamingAmt02687828
IRS990ScheduleG/GamingInformationGrp/DirectExpenseSummaryGamingAmt03431014
IRS990ScheduleG/GamingInformationGrp/GrossRevenueBingoAmt0111352
IRS990ScheduleG/GamingInformationGrp/GrossRevenuePullTabsAmt03363739
IRS990ScheduleG/GamingInformationGrp/GrossRevenueTotalGamingAmt03475091
IRS990ScheduleG/GamingInformationGrp/NetGamingIncomeSummaryAmt044077
IRS990ScheduleG/GamingInformationGrp/NonCashPrizesPullTabsAmt0165786
IRS990ScheduleG/GamingInformationGrp/NonCashPrizesTotalGamingAmt0165786
IRS990ScheduleG/GamingInformationGrp/OthDirectExpnssTotalGamingAmt0480326
IRS990ScheduleG/GamingInformationGrp/OtherDirectExpensesBingoAmt010274
IRS990ScheduleG/GamingInformationGrp/OtherDirectExpensesPullTabsAmt0470052
IRS990ScheduleG/GamingInformationGrp/RentFacilityCostsBingoAmt03111
IRS990ScheduleG/GamingInformationGrp/RentFacilityCostsPullTabsAmt093963
IRS990ScheduleG/GamingInformationGrp/RentFcltyCostsTotalGamingAmt097074
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborBingoInd0false
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborOtherGamingInd0false
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborPullTabsInd0false
IRS990ScheduleG/GamingManagerCompensationAmt03250
IRS990ScheduleG/GamingManagerIsEmployeeInd0X
IRS990ScheduleG/GamingManagerPersonNm0JOSH LYNCH
IRS990ScheduleG/GamingManagerServicesProvTxt0GAMBLING MANAGER FEB TO APRIL
IRS990ScheduleG/GamingOtherFacilityPct01.00000
IRS990ScheduleG/GamingWithNonmembersInd0true
IRS990ScheduleG/IndividualWithBooksNm0JOSH LYNCH
IRS990ScheduleG/LicensedInd0true
IRS990ScheduleG/LicenseSuspendedEtcInd0false
IRS990ScheduleG/MemberOfOtherEntityInd0false
IRS990ScheduleG/PersonsWithBooksUSAddress/AddressLine1Txt0PO BOX 133
IRS990ScheduleG/PersonsWithBooksUSAddress/CityNm0WASECA
IRS990ScheduleG/PersonsWithBooksUSAddress/StateAbbreviationCd0MN
IRS990ScheduleG/PersonsWithBooksUSAddress/ZIPCd056093
IRS990ScheduleG/StatesWhereGamingConductedCd0MN
IRS990ScheduleG/SupplementalInformationDetail/ExplanationTxt0AL KUNZ X 17,450 GAMBLING MANAGER APRIL TO JAN
IRS990ScheduleG/SupplementalInformationDetail/ExplanationTxt1MINNESOTA 104,774
IRS990ScheduleG/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE G, PAGE 3, PART III, LINE 16
IRS990ScheduleG/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE G, PAGE 3, PART III, LINE 17B
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WHEN A REQUEST IS MADE A PAPER COPY IS PROVIDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MISCELLANEOUS 0 5,363 0 FEDERAL INCOME TAX 0 2,862 0 BANQUENT 0 2,001 0 SUPPLIES 0 1,770 0 SUPPLIES 1,198 0 0 MISCELLENEOUS 1,050 0 0 DUES 795 0 0 JACKETS 567 0 0 MILEAGE REIMBURSEMENT 200 0 0 MISCELLENEOUS 160 0 0 TOTAL 3,970 11,996 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 24E
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0113265
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0157838
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0192116
IRS990/TotalAssetsEOYAmt0261959
IRS990/TotalAssetsGrp/BOYAmt0192116
IRS990/TotalAssetsGrp/EOYAmt0261959
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt013390

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.49$0.24$3.25$1.19$1.16$0.03
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.91$0.05$2.85$1.54$2.66$1.12
2022Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$4.07$0.08$3.99$2.73$2.64$0.09
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.44$0.01$3.43$2.48$2.11$0.37
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.60$0.02$3.58$2.55$1.94$0.60
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.05$0.09$2.95$1.76$1.28$0.47
2017Detailed filing. Detailed filing data is available for this year.$2.62$0.14$2.48$1.63$1.01$0.62
2016Detailed filing. Detailed filing data is available for this year.$1.92$0.06$1.86$1.41$1.18$0.23
2015Detailed filing. Detailed filing data is available for this year.$1.62$0.00$1.62$1.50$1.42$0.07
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.55$0.00$1.55$1.25$0.82$0.43
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.22$0.11$1.11$0.88$0.65$0.24
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.95$0.07$0.88$0.77
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.85$0.05$0.81$0.99
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.87$0.06$0.81$1.07