Civic Intelligence

Minnesota Ice Hawks Inc

990 • Fiscal year 2017 • EIN 41-1898202

Jun 01, 2016 to May 31, 2017 • Filed on Oct 16, 2017

46807 Cape Horn RoadCleveland, MN 56017

(507) 382-4136

Siviq Scores

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

Liabilities / Assets

79th percentile

0.13x

Higher debt load relative to assets than 79% of similar nonprofits.

2017 filings • 501(c)4 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

69th percentile

0.03x

Higher debt load relative to revenue than 69% of similar nonprofits.

2017 filings • 501(c)4 • <$500k nonprofits • Source year 2017

Net Margin

23rd percentile

-11%

Higher net margin than 23% of similar nonprofits.

2017 filings • 501(c)4 • <$500k nonprofits • Source year 2017

Top Officer Pay

95th percentile

$35,175

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 12.0% of source-year revenue.

2017 filings • 501(c)4 • <$500k nonprofits • Source year 2017

Asset Growth

9th percentile

-36%

Faster asset growth than 9% of similar nonprofits.

2017 filings • 501(c)4 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

43rd percentile

-2.9%

Faster revenue growth than 43% of similar nonprofits.

2017 filings • 501(c)4 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$61,123

Down $34,844 (-36%) from 2016

Net Assets

Down

$52,915

Down $30,970 (-37%) from 2016

Liabilities

Down

$8,208

Down $3,874 (-32%) from 2016

Revenue

Down

$293,111

Down $8,894 (-2.9%) from 2016

Expenses

Down

$324,081

Down $17,115 (-5.0%) from 2016

Net Income

Up

-$30,970

Up $8,221 (+21%) from 2016

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2011: $100,947Liabilities 2011: $7,854Net Assets 2011: $93,0932011Assets 2012: $71,561Liabilities 2012: $5,047Net Assets 2012: $66,5142012Assets 2013: $88,165Liabilities 2013: $8,158Net Assets 2013: $80,0072013Assets 2014: $76,566Liabilities 2014: $7,023Net Assets 2014: $69,5432014Assets 2015: $131,744Liabilities 2015: $8,668Net Assets 2015: $123,0762015Assets 2016: $95,967Liabilities 2016: $12,082Net Assets 2016: $83,8852016Assets 2017: $61,123Liabilities 2017: $8,208Net Assets 2017: $52,9152017Assets 2018: $85,924Liabilities 2018: $42,175Net Assets 2018: $43,7492018Assets 2019: $54,551Liabilities 2019: $13,306Net Assets 2019: $41,2452019

Highlighted filing

2017

Assets$61,123
Liabilities$8,208
Net Assets$52,915

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $407,3812011Expenses 2012: $397,8212012Revenue 2013: $436,597Expenses 2013: $423,104Net Income 2013: $13,4932013Revenue 2014: $393,618Expenses 2014: $404,082Net Income 2014: -$10,4642014Revenue 2015: $453,936Expenses 2015: $400,403Net Income 2015: $53,5332015Revenue 2016: $302,005Expenses 2016: $341,196Net Income 2016: -$39,1912016Revenue 2017: $293,111Expenses 2017: $324,081Net Income 2017: -$30,9702017Revenue 2018: $257,221Expenses 2018: $266,387Net Income 2018: -$9,1662018Revenue 2019: $16,454Expenses 2019: $18,958Net Income 2019: -$2,5042019

Highlighted filing

2017

Revenue$293,111
Expenses$324,081
Net Income-$30,970
Jump To
Filing Snapshot
Filing Period
Jun 1, 2016 to May 31, 2017
Signed
Oct 16, 2017
Return Version
2016v3.0
Gross Receipts
$293,111
Mission and Program Overview

Mission

Establish an amateur advanced level ice hockey team and to promote interest therein

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$87,024$54,140▼ $32,884
Inventories for Sale or Use$3,700$3,700→ $0
Land, Buildings, and Equipment, Net$4,722$3,233▼ $1,489
Prepaid Expenses and Deferred Charges$521$0▼ $521
Accounts Receivable-$50-
Savings and Temporary Cash Investments-$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-
Total Assets$95,967$61,123▼ $34,844
Other Assets Total-$0-
Liabilities
Other Liabilities$8,145$6,023▼ $2,122
Accounts Payable and Accrued Expenses$3,937$2,185▼ $1,752
Total Liabilities$12,082$8,208▼ $3,874
Net Assets / Fund Balance
Unrestricted Net Assets$83,885$52,915▼ $30,970
Total Net Assets Fund Balance$83,885$52,915▼ $30,970
Total Liabilities and Net Assets / Fund Balance$95,967$61,123▼ $34,844

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$3,233$48,546$51,779
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Nicholas FenrickVice PresidentFT$35,175$35,175
Michael FatisPresidentFT$28,111$28,111
Nancy FenrickSecretary/TreasPT$12,000$12,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$277,062
Investment Income
$0
Other Revenue
$16,049
Change in Net Assets
$-30,970
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$213,078
Salaries, Compensation, and Employee Benefits$111,003
Total Fundraising Expense$4,222
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$35,175$38,911$1,200$75,286
All Other Expenses$15,565$24,198-$39,763
Other Salaries and Wages$25,768-$1,272$27,040
Travel$23,615$988-$24,603
Other Expenses$16,760--$16,760
Advertising-$14,050-$14,050
Payroll Taxes$5,168$3,300$209$8,677
Office Expenses-$7,345-$7,345
Insurance$1,283$819$52$2,154
Depreciation Depletion--$1,489$1,489
Fees for Services Accounting-$1,100-$1,100
Total Functional Expenses$229,148$90,711$4,222$324,081
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$4,426
Ubit Payable$1,327
Mn Ubit Payable$185
Sales Tax Payable$85
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
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, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

Michael fatis and nancy fenrick are husband and wife and the parents of nicolas fatis.

Form 990, Part VI, Line 11B: Form 990 Review Process

The board meets to review and approve the return for filing

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Minnesota Ice Hawks Inc
EIN
41-1898202
Phone
5073824136
Address
46807 CAPE HORN ROAD, CLEVELAND, MN 56017

Signing Officer

Name
Michael Fatis
Title
President
Signed
2017-10-16
Discuss with paid preparer
Yes

Organization Details

Formed
1996
Legal Domicile
Mn
Voting Board Members
3
Independent Board Members
0
Employees
12
Volunteers
25

Preparer

Firm
Andring Collins Norman CPAs
Address
1628 S Riverfront Dr, Mankato, MN 56001
Preparer
Bruce R Hendrycks CPA
Phone
5073885858
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E: Other Expenses

AUTO EXPENSES: Column (A) - Total = $14179; Column (B) - Program Services = $0; Column (C) - Management & General = $14179; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

FED & MN UBIT: Column (A) - Total = $2445; Column (B) - Program Services = $0; Column (C) - Management & General = $2445; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

FINANCE CHARGES: Column (A) - Total = $1476; Column (B) - Program Services = $0; Column (C) - Management & General = $1476; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

GAME OPERATIONS: Column (A) - Total = $1517; Column (B) - Program Services = $1517; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

MISCELLANEOUS: Column (A) - Total = $813; Column (B) - Program Services = $0; Column (C) - Management & General = $813; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

SCOUTING: Column (A) - Total = $1446; Column (B) - Program Services = $1446; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

STAFF MEALS: Column (A) - Total = $200; Column (B) - Program Services = $0; Column (C) - Management & General = $200; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

TEAM EQUIPMENT EXPENSE: Column (A) - Total = $11197; Column (B) - Program Services = $11197; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

TELECOMMUNICATIONS: Column (A) - Total = $5085; Column (B) - Program Services = $0; Column (C) - Management & General = $5085; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

VISITING TEAM MEALS: Column (A) - Total = $1405; Column (B) - Program Services = $1405; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Raw XML Appendix383 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/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03233
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt048546
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt051779
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0185
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14426
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt285
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt31327
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MN UBIT PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SALES TAX PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3UBIT PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03233
IRS990ScheduleD/TotalLiabilityAmt06023
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MICHAEL FATIS AND NANCY FENRICK ARE HUSBAND AND WIFE AND THE PARENTS OF NICOLAS FATIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD MEETS TO REVIEW AND APPROVE THE RETURN FOR FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AUTO EXPENSES: Column (A) - Total = $14179; Column (B) - Program Services = $0; Column (C) - Management & General = $14179; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FED & MN UBIT: Column (A) - Total = $2445; Column (B) - Program Services = $0; Column (C) - Management & General = $2445; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FINANCE CHARGES: Column (A) - Total = $1476; Column (B) - Program Services = $0; Column (C) - Management & General = $1476; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GAME OPERATIONS: Column (A) - Total = $1517; Column (B) - Program Services = $1517; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7MISCELLANEOUS: Column (A) - Total = $813; Column (B) - Program Services = $0; Column (C) - Management & General = $813; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8SCOUTING: Column (A) - Total = $1446; Column (B) - Program Services = $1446; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9STAFF MEALS: Column (A) - Total = $200; Column (B) - Program Services = $0; Column (C) - Management & General = $200; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10TEAM EQUIPMENT EXPENSE: Column (A) - Total = $11197; Column (B) - Program Services = $11197; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11TELECOMMUNICATIONS: Column (A) - Total = $5085; Column (B) - Program Services = $0; Column (C) - Management & General = $5085; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12VISITING TEAM MEALS: Column (A) - Total = $1405; Column (B) - Program Services = $1405; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 24e: Other Expenses
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt095967
IRS990/TotalAssetsEOYAmt061123
IRS990/TotalAssetsGrp/BOYAmt095967
IRS990/TotalAssetsGrp/EOYAmt061123
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt012
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt04222
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt090711
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0229148
IRS990/TotalFunctionalExpensesGrp/TotalAmt0324081
IRS990/TotalGrossUBIAmt016049
IRS990/TotalLiabilitiesBOYAmt012082
IRS990/TotalLiabilitiesEOYAmt08208
IRS990/TotalLiabilitiesGrp/BOYAmt012082
IRS990/TotalLiabilitiesGrp/EOYAmt08208
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt083885
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt052915
IRS990/TotalProgramServiceExpensesAmt0229148
IRS990/TotalProgramServiceRevenueAmt0277062
IRS990/TotalReportableCompFromOrgAmt075286
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0277062
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0293111
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt016049
IRS990/TotalVolunteersCnt025
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt095967
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt061123
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ManagementAndGeneralAmt0988
IRS990/TravelGrp/ProgramServicesAmt023615
IRS990/TravelGrp/TotalAmt024603
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UnrestrictedNetAssetsGrp/BOYAmt083885
IRS990/UnrestrictedNetAssetsGrp/EOYAmt052915
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL FATIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-10-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MINNESOTA ICE HAWKS INC
ReturnHeader/Filer/BusinessNameControlTxt0MINN
ReturnHeader/Filer/EIN0411898202
ReturnHeader/Filer/PhoneNum05073824136
ReturnHeader/Filer/USAddress/AddressLine1Txt046807 CAPE HORN ROAD
ReturnHeader/Filer/USAddress/CityNm0CLEVELAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd056017
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Andring Collins Norman CPAs
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01628 S Riverfront Dr
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Mankato
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd056001
ReturnHeader/PreparerPersonGrp/PhoneNum05073885858
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Bruce R Hendrycks CPA
ReturnHeader/ReturnTs02017-10-16T06:08:12-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-06-01
ReturnHeader/TaxPeriodEndDt02017-05-31
ReturnHeader/TaxYr02016

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