Civic Intelligence

Cambridge Isanti Arena Corporation

EIN 41-1776578 • 501(c)3 • Isanti, MN

Profile

Maintain and operate an ice arena and civic center for the citizens of east central minnesota.

P O Box 214Isanti, MN 55040

www.isantiarena.org

Siviq Scores

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

Liabilities / Assets

85th percentile

0.57x

Higher debt load relative to assets than 85% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

94th percentile

2.31x

Higher debt load relative to revenue than 94% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

19th percentile

-14%

Higher net margin than 19% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

42nd percentile

1.0%

Faster asset growth than 42% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

66th percentile

19%

Faster revenue growth than 66% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Up

$1,632,826

Up $115,033 (+7.6%) from 2023

Liabilities

Up

$874,361

Up $203,448 (+30%) from 2023

Net Assets

Down

$758,465

Down $88,415 (-10%) from 2023

Revenue

Down

$343,632

Down $23,598 (-6.4%) from 2023

Expenses

Up

$432,047

Up $40,607 (+10%) from 2023

Net Income

Down

-$88,415

Down $64,205 (-265%) from 2023

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,496,648Liabilities 2011: $798,326Net Assets 2011: $698,3222011Assets 2012: $1,429,065Liabilities 2012: $758,230Net Assets 2012: $670,8352012Assets 2013: $1,359,680Liabilities 2013: $710,184Net Assets 2013: $649,4962013Assets 2014: $1,348,016Liabilities 2014: $677,383Net Assets 2014: $670,6332014Assets 2015: $1,324,527Liabilities 2015: $597,920Net Assets 2015: $726,6072015Assets 2016: $1,304,223Liabilities 2016: $653,061Net Assets 2016: $651,1622016Assets 2017: $1,170,485Liabilities 2017: $519,331Net Assets 2017: $651,1542017Assets 2018: $1,213,835Liabilities 2018: $555,796Net Assets 2018: $658,0392018Assets 2019: $1,041,682Liabilities 2019: $443,107Net Assets 2019: $598,5752019Assets 2020: $1,034,707Liabilities 2020: $507,395Net Assets 2020: $527,3122020Assets 2021: $984,176Liabilities 2021: $421,622Net Assets 2021: $562,5542021Assets 2022: $1,017,729Liabilities 2022: $318,026Net Assets 2022: $699,7032022Assets 2023: $1,517,793Liabilities 2023: $670,913Net Assets 2023: $846,8802023Assets 2024: $1,632,826Liabilities 2024: $874,361Net Assets 2024: $758,4652024

Highlighted filing

2024

Assets$1,632,826
Liabilities$874,361
Net Assets$758,465

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $343,9592011Expenses 2012: $333,7402012Expenses 2013: $325,5082013Revenue 2014: $367,574Expenses 2014: $346,437Net Income 2014: $21,1372014Revenue 2015: $408,445Expenses 2015: $352,471Net Income 2015: $55,9742015Revenue 2016: $305,093Expenses 2016: $380,538Net Income 2016: -$75,4452016Revenue 2017: $321,672Expenses 2017: $335,746Net Income 2017: -$14,0742017Revenue 2018: $362,869Expenses 2018: $364,299Net Income 2018: -$1,4302018Revenue 2019: $390,888Expenses 2019: $407,901Net Income 2019: -$17,0132019Revenue 2020: $329,553Expenses 2020: $399,216Net Income 2020: -$69,6632020Revenue 2021: $411,200Expenses 2021: $382,375Net Income 2021: $28,8252021Revenue 2022: $428,293Expenses 2022: $308,477Net Income 2022: $119,8162022Revenue 2023: $367,230Expenses 2023: $391,440Net Income 2023: -$24,2102023Revenue 2024: $343,632Expenses 2024: $432,047Net Income 2024: -$88,4152024

Highlighted filing

2024

Revenue$343,632
Expenses$432,047
Net Income-$88,415

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.63$0.87$0.76$0.34$0.43$0.09
2023Detailed filing. Detailed filing data is available for this year.$1.52$0.67$0.85$0.37$0.39$0.02
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.02$0.32$0.70$0.43$0.31$0.12
2021Detailed filing. Detailed filing data is available for this year.$0.98$0.42$0.56$0.41$0.38$0.03
2020Detailed filing. Detailed filing data is available for this year.$1.03$0.51$0.53$0.33$0.40$0.07
2019Detailed filing. Detailed filing data is available for this year.$1.04$0.44$0.60$0.39$0.41$0.02
2018Detailed filing. Detailed filing data is available for this year.$1.21$0.56$0.66$0.36$0.36$0.00
2017Summary only. Only limited summary data is available for this year.$1.17$0.52$0.65$0.32$0.34$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.30$0.65$0.65$0.31$0.38$0.08
2015Detailed filing. Detailed filing data is available for this year.$1.32$0.60$0.73$0.41$0.35$0.06
2014Detailed filing. Detailed filing data is available for this year.$1.35$0.68$0.67$0.37$0.35$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.36$0.71$0.65$0.33
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.43$0.76$0.67$0.33
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.50$0.80$0.70$0.34
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Oct 2, 2025
Return Version
2023v6.0
Gross Receipts
$381,184
Mission and Program Overview

Mission

Maintain and operate an ice arena and civic center for the citizens of east central minnesota.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,450,962$1,631,022▲ $180,060
Rtn Earn Endowment Incm Other Fnds$846,880$758,465▼ $88,415
Inventories for Sale or Use$1,000$0▼ $1,000
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Prepaid Expenses and Deferred Charges-$0-
Cash and Non-Interest-Bearing Accounts$65,831$-1,196▼ $67,027
Total Assets$1,517,793$1,632,826▲ $115,033
Other Assets Total-$3,000-
Liabilities
Mortgage Notes Payable Secured by Investment Property$668,810$871,912▲ $203,102
Other Liabilities$2,103$2,449▲ $346
Total Liabilities$670,913$874,361▲ $203,448
Net Assets / Fund Balance
Total Net Assets Fund Balance$846,880$758,465▼ $88,415
Total Liabilities and Net Assets / Fund Balance$1,517,793$1,632,826▲ $115,033

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,353,035$1,275,672$2,628,707
Equipment$157,927$202,563$360,490
Land$120,060-$120,060
Compensation and Service Providers

Board Members and Trustees

NameTitle
Guy LillemoPresident & CEO
Mark KnutsonVice President
James WrightDirector
Robin HvidstonSecretary/Treas
Revenue and Support

Revenue Composition

Contributions and Grants
$1,000
Program Service Revenue
$361,476
Investment Income
$57
Other Revenue
$-18,901
All Other Contributions
$1,000
Change in Net Assets
$-88,415
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$354,170
Salaries, Compensation, and Employee Benefits$77,877
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$169,775--$169,775
Depreciation Depletion$83,688--$83,688
Other Salaries and Wages$72,444--$72,444
Fees for Services Management-$39,270-$39,270
Fees for Services Other$27,991$785-$28,776
Information Technology$11,820$2,617-$14,437
Office Expenses$7,510$2,935-$10,445
Payroll Taxes$5,433--$5,433
Fees for Services Accounting-$3,174-$3,174
Other Expenses$625$230-$855
Insurance-$772-$772
Advertising$229--$229
Travel$63--$63
Total Functional Expenses$382,264$49,783$0$432,047
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$1,984
Sales Tax Payable$465
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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, Part VI, Section B, Line 11B

The president and vp did review form 990 on october 2, 2025, and brief discussion was held. The treasurer-secretary was not physically present but apprised of the review.

Form 990, Part VI, Section C, Line 18

Note that some older original documents were apparently misplaced and efforts are ongoing to find them or copies of them.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Cambridge Isanti Arena Corporation
EIN
41-1776578
Phone
7634446432
Address
P O Box 214, ISANTI, MN 55040

Signing Officer

Name
Mark Knutson
Title
Vice President
Signed
2025-10-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Knutson
Formed
1998
Legal Domicile
Mn
Voting Board Members
4
Independent Board Members
4
Employees
26
Volunteers
20

Preparer

Firm
Newton Financial Solutions LLC
Address
600 Main Street S Ste 110, Cambridge, MN 55008
Preparer
Donald Hannay CPA
Phone
7635528888
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/ReportOtherLiabilitiesInd0true
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt013
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt04
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0102
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0380126
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0416762
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0470713
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0347452
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01944602
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt010
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt01275672
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02628707
IRS990ScheduleD/EquipmentGrp/BookValueAmt0157927
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0202563
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0360490
IRS990ScheduleD/LandGrp/BookValueAmt0120060
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0120060
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01984
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1465
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Sales Tax Payable
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IRS990ScheduleD/TotalLiabilityAmt02449
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PRESIDENT AND VP DID REVIEW FORM 990 ON OCTOBER 2, 2025, AND BRIEF DISCUSSION WAS HELD. THE TREASURER-SECRETARY WAS NOT PHYSICALLY PRESENT BUT APPRISED OF THE REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NOTE THAT SOME OLDER ORIGINAL DOCUMENTS WERE APPARENTLY MISPLACED AND EFFORTS ARE ONGOING TO FIND THEM OR COPIES OF THEM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt01632826
IRS990/TotalAssetsGrp/BOYAmt01517793
IRS990/TotalAssetsGrp/EOYAmt01632826
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IRS990/TotalContributionsAmt01000
IRS990/TotalEmployeeCnt026
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt049783
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0382264
IRS990/TotalFunctionalExpensesGrp/TotalAmt0432047
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0670913
IRS990/TotalLiabilitiesEOYAmt0874361
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IRS990/TotalLiabilitiesGrp/EOYAmt0874361
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0846880
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IRS990/TotalProgramServiceRevenueAmt0361476
IRS990/TotalRevenueGrp/ExclusionAmt057
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0342575
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0343632
IRS990/TotalVolunteersCnt020
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01632826
IRS990/TravelGrp/ProgramServicesAmt063
IRS990/TravelGrp/TotalAmt063
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0P O Box 214
IRS990/USAddress/CityNm0ISANTI
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055040
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0www.isantiarena.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MARK KNUTSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Vice President
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CAMBRIDGE ISANTI ARENA CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0CAMB
ReturnHeader/Filer/EIN0411776578
ReturnHeader/Filer/PhoneNum07634446432

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