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← MINNESOTA SPORTS AND EVENTS

Form 990 for tax year 2022

Filed by MINNESOTA SPORTS AND EVENTS.

Totals

Total revenue
$4,248,961
Total expenses
$2,846,063
Contributions and grants received
$215,000
Grants paid
$0
Program service revenue
$4,033,961
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,075,980
Total liabilities, end of year
$394,375
Net assets or fund balances, end of year
$681,605
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$0

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $215,000

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Sponsorships, Hotel Rebates, Suite Sales

    total $4,026,269 · related or exempt $4,026,269 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $7,692 · related or exempt $7,692 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $231,154

  • 7 · Other salaries and wages

    total $177,555

  • 10 · Payroll taxes

    total $27,043

  • 11b · Fees: legal

    total $15,000

  • 11c · Fees: accounting

    total $57,798

  • 11g · Fees: other

    total $629,471

  • 13 · Office expenses

    total $96,997

  • 14 · Information technology

    total $4,676

  • 16 · Occupancy

    total $4,898

  • 17 · Travel

    total $19,354

  • 19 · Conferences, conventions and meetings

    total $25,199

  • 23 · Insurance

    total $15,163

  • 24a · Other expenses: Events

    total $1,536,825

  • 24b · Other expenses: Dues and Subscriptions

    total $4,400

  • 24e · All other expenses

    total $530

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,483,447 · end of year $932,847

  • 4 · Accounts receivable

    end of year $118,480

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,097 · end of year $3,973

  • 15 · Other assets

    end of year $20,680

  • 17 · Accounts payable and accrued expenses

    beginning of year $143,787 · end of year $67,625

  • 19 · Deferred revenue

    beginning of year $2,069,050 · end of year $142,308

  • 25 · Other liabilities

    end of year $184,442

  • 27 · Net assets without donor restrictions

    beginning of year -$721,293 · end of year $681,605

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

To drive economic benefit and support meaningful community engagement in the Bloomington, Minneapolis and St. Paul regional area by attracting and managing world class sporting events.

Activities or mission (Part I)

Bid on and execute mega events to drive economic and social impact to city, region, and state.

  • Women's Final Four: Planning and execution of the NCAA Women's Final Four (Operations, public safety, ancillary events, community programming, games, hotels).

  • Women's Final Four Title IX: Execution of the Title IX 50th Anniversary platform: programming included championship tour, speaker series, leadership IX, advisory group, host house and behind the scenes party.

  • MNSE general program: Serve as an umbrella organization for the Metropolitan Minneapolis-St. Paul area, to attract and secure future events, such as the Men's Final Four, Junior AAU, USA Swim Trials, and Olympics Gymnastic Team Trials.

As filed on the 2022 return.

Listed in Part VII

  • Wendy Blackshaw

    President and CEO

    Total calculated
    $231,154
    From this org
    $231,154
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $231,154
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $231,154
  • Lester Bagley

    Director

    Total calculated
    $0
    Hours/week
    1
  • Melvin Tennant

    Director

    Total calculated
    $0
    Hours/week
    1
  • Stephanie Albert

    Director

    Total calculated
    $0
    Hours/week
    1
  • Shari Ballard

    Director

    Total calculated
    $0
    Hours/week
    1
  • Ethan Casson

    Director

    Total calculated
    $0
    Hours/week
    1
  • Dusty Clements

    Director

    Total calculated
    $0
    Hours/week
    1
  • Jena Cogswell

    Director

    Total calculated
    $0
    Hours/week
    1
  • Laura Daly

    Director

    Total calculated
    $0
    Hours/week
    1
  • Jaimee Lucke Hendrikson

    Director

    Total calculated
    $0
    Hours/week
    1
  • Matt Majka

    Director

    Total calculated
    $0
    Hours/week
    1
  • Laurie Marsh

    Director

    Total calculated
    $0
    Hours/week
    1
  • John Marshall

    Director

    Total calculated
    $0
    Hours/week
    1
  • Amy Rahja

    Director

    Total calculated
    $0
    Hours/week
    1
  • Peter VanOverbeke

    Director

    Total calculated
    $0
    Hours/week
    1
  • Michael Vekich

    Director

    Total calculated
    $0
    Hours/week
    1
  • David Ybarra

    Director

    Total calculated
    $0
    Hours/week
    1
  • Bonnie Carlson

    Co-Chair

    Total calculated
    $0
    Hours/week
    1
  • Dave St Peter

    Co-Chair

    Total calculated
    $0
    Hours/week
    1
  • Jill Renslow

    Finance Chair

    Total calculated
    $0
    Hours/week
    1
  • Doug Carnival

    Secretary

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
20 October 2023
IRS schema version
2022v5.0
Source object
202343069349302474

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