Civic Intelligence

Ripple Inc.

990 • Fiscal year 2022 • EIN 41-1657782

Sep 01, 2021 to Aug 31, 2022 • Filed on Sep 01, 2023

PO Box 552Hopkins, MN 55343

(612) 280-6364

Siviq Scores

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

Liabilities / Assets

31st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

31st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

66th percentile

16%

Higher net margin than 66% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

72nd percentile

$59,861

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 8.0% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

91st percentile

78%

Faster asset growth than 91% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

80th percentile

54%

Faster revenue growth than 80% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Up

$276,260

Up $120,699 (+78%) from 2021

Net Assets

Up

$276,260

Up $120,699 (+78%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Up

$747,577

Up $261,579 (+54%) from 2021

Expenses

Up

$626,878

Up $156,361 (+33%) from 2021

Net Income

Up

$120,699

Up $105,218 (+680%) from 2021

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2011: $56,078Liabilities 2011: $0Net Assets 2011: $56,0782011Assets 2012: $71,518Liabilities 2012: $0Net Assets 2012: $71,5182012Assets 2013: $76,157Liabilities 2013: $1,428Net Assets 2013: $74,7292013Assets 2014: $107,365Liabilities 2014: $2,672Net Assets 2014: $104,6932014Assets 2015: $107,440Liabilities 2015: $5,473Net Assets 2015: $101,9672015Assets 2016: $113,829Liabilities 2016: $0Net Assets 2016: $113,8292016Assets 2017: $104,295Liabilities 2017: $0Net Assets 2017: $104,2952017Assets 2018: $101,986Liabilities 2018: $0Net Assets 2018: $101,9862018Assets 2019: $99,188Liabilities 2019: $0Net Assets 2019: $99,1882019Assets 2020: $120,753Liabilities 2020: $0Net Assets 2020: $120,7532020Assets 2021: $155,561Liabilities 2021: $0Net Assets 2021: $155,5612021Assets 2022: $276,260Liabilities 2022: $0Net Assets 2022: $276,2602022Assets 2023: $305,877Liabilities 2023: $6,205Net Assets 2023: $299,6722023Assets 2024: $213,845Liabilities 2024: $7,156Net Assets 2024: $206,6892024

Highlighted filing

2022

Assets$276,260
Liabilities$0
Net Assets$276,260

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $203,383Expenses 2011: $166,897Net Income 2011: $36,4862011Revenue 2012: $193,669Expenses 2012: $178,582Net Income 2012: $15,0872012Revenue 2013: $250,424Expenses 2013: $247,212Net Income 2013: $3,2122013Revenue 2014: $373,205Expenses 2014: $343,241Net Income 2014: $29,9642014Revenue 2015: $425,399Expenses 2015: $423,804Net Income 2015: $1,5952015Revenue 2016: $487,415Expenses 2016: $481,008Net Income 2016: $6,4072016Revenue 2017: $475,093Expenses 2017: $481,823Net Income 2017: -$6,7302017Revenue 2018: $509,296Expenses 2018: $516,269Net Income 2018: -$6,9732018Revenue 2019: $557,777Expenses 2019: $560,575Net Income 2019: -$2,7982019Revenue 2020: $449,789Expenses 2020: $428,224Net Income 2020: $21,5652020Revenue 2021: $485,998Expenses 2021: $470,517Net Income 2021: $15,4812021Revenue 2022: $747,577Expenses 2022: $626,878Net Income 2022: $120,6992022Revenue 2023: $642,383Expenses 2023: $618,971Net Income 2023: $23,4122023Revenue 2024: $678,963Expenses 2024: $771,946Net Income 2024: -$92,9832024

Highlighted filing

2022

Revenue$747,577
Expenses$626,878
Net Income$120,699
Jump To
Filing Snapshot
Filing Period
Sep 1, 2021 to Aug 31, 2022
Signed
Sep 1, 2023
Return Version
2021v4.0
Gross Receipts
$747,577
Mission and Program Overview

Mission

Promote an interest in competitive swimming; to develop the fullest potential of the swimmer, and to encourage good sportsmanship, enjoyment, individual integrity, self-discipline and team play.

Non-profit, parent-led USA Swimming competitive youth swim team.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$44,899$165,461▲ $120,562
Cash and Non-Interest-Bearing Accounts$110,662$110,799▲ $137
Total Assets$155,561$276,260▲ $120,699
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$155,561$276,260▲ $120,699
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$155,561$276,260▲ $120,699
Total Liabilities and Net Assets / Fund Balance$155,561$276,260▲ $120,699
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Julie StoneHead CoachFT$59,861$59,861

Board Members and Trustees

NameTitle
Kathryn SimpsonPresident
Alicia KropelnickiBoard Member
Christine CahillBoard Member
Nathan LesterBoard Member
Ran Van De WynkelBoard Member
Maren AhlbergSecretary
Matt ChapmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$154,843
Program Service Revenue
$590,010
Investment Income
$305
Other Revenue
$2,419
All Other Contributions
$1,996
Change in Net Assets
$120,699
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$346,071
Other Expenses$276,492
Grants and Similar Amounts Paid$4,315
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$254,950--$254,950
All Other Expenses$86,729--$86,729
Occupancy$60,244--$60,244
Current Officers, Directors, Trustees, and Key Employees$59,861--$59,861
Other Expenses$38,530$0$0$38,530
Payroll Taxes$31,260--$31,260
Travel$27,774--$27,774
Fees for Services Other$9,095--$9,095
Office Expenses$5,306--$5,306
Grants to Domestic Orgs$4,315--$4,315
Fees for Services Accounting$3,500--$3,500
Insurance$1,070--$1,070
Advertising$40--$40
Total Functional Expenses$626,878$0$0$626,878
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Swim-a-thon$31,247$31,247$0$31,247
Total Events$31,247$31,247$0$31,247
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
Annual disclosure for covered persons
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

We are a parent-led non-profit youth sports team and the parents of the organization and per our governing documents, the parents vote for the board members and officers.

Form 990, Part VI, Section A, Line 7A

We are a parent-led non-profit youth sports team and the parents of the organization and per our governing documents, the parents vote for the board members and officers.

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

The Form 990 is presented at a regularly scheduled board meeting and made available on an independent website.

Form 990, Part VI, Section B, Line 12C

The board regularly runs background checks on all board members.

Form 990, Part VI, Section B, Line 15

The board does an annual review of salaries and as part of that review checks market rate for similar positions in the Twin Cities.

Form 990, Part VI, Section C, Line 19

The organizations governing documents and minutes are available on the team's website. Form 990 is available for anyone to see at form990online.org

Filing and Contact Details

Filer

Filer Name
Ripple Inc
EIN
41-1657782
Phone
6122806364
Address
PO Box 552, Hopkins, MN 55343

Signing Officer

Name
Matt Chapman
Title
Treasurer
Phone
6122806364
Signed
2023-09-01

Organization Details

Principal Officer
Matt Chapman
Formed
1990
Legal Domicile
Mn
Voting Board Members
8
Independent Board Members
8
Employees
23
Volunteers
200
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Other expenses that didn't fit into specific categories.

Raw XML AppendixShowing 400 of 494 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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IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt044899
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0165461
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0589173
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0485998
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0428224
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01503395
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/InvestmentIncomePYPct00
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/Post1975UBTIGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01
IRS990ScheduleA/PublicSupportPY509Pct01
IRS990ScheduleA/PublicSupportTotal509Amt01503395
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0589173
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0485998
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0428224
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/Total509Grp/TotalAmt01503395
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0589173
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0485998
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0428224
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01503395
IRS990/ScheduleBRequiredInd00
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentOtherEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Swim-a-thon
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageOtherEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt031247
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt031247
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt031247
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt031247
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt031247
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0We are a parent-led non-profit youth sports team and the parents of the organization and per our governing documents, the parents vote for the board members and officers.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1We are a parent-led non-profit youth sports team and the parents of the organization and per our governing documents, the parents vote for the board members and officers.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Form 990 is presented at a regularly scheduled board meeting and made available on an independent website.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The board regularly runs background checks on all board members.

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.14$0.07$2.07$6.79$7.72$0.93
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.06$0.06$3.00$6.42$6.19$0.23
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.76$0.00$2.76$7.48$6.27$1.21
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.56$0.00$1.56$4.86$4.71$0.15
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.21$0.00$1.21$4.50$4.28$0.22
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.99$0.00$0.99$5.58$5.61$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.02$0.00$1.02$5.09$5.16$0.07
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.04$0.00$1.04$4.75$4.82$0.07
2016Detailed filing. Detailed filing data is available for this year.$1.14$0.00$1.14$4.87$4.81$0.06
2015Detailed filing. Detailed filing data is available for this year.$1.07$0.05$1.02$4.25$4.24$0.02
2014Summary only. Only limited summary data is available for this year.$1.07$0.03$1.05$3.73$3.43$0.30
2013Summary only. Only limited summary data is available for this year.$0.76$0.01$0.75$2.50$2.47$0.03
2012Summary only. Only limited summary data is available for this year.$0.72$0.00$0.72$1.94$1.79$0.15
2011Summary only. Only limited summary data is available for this year.$0.56$0.00$0.56$2.03$1.67$0.36