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← MINNESOTA SPORTS AND EVENTS

Form 990 for tax year 2023

Filed by MINNESOTA SPORTS AND EVENTS.

Totals

Total revenue
$1,509,595
Total expenses
$2,534,343
Contributions and grants received
$270,000
Grants paid
$0
Program service revenue
$1,133,490
Investment income
$106,105
Other revenue
$0
Total assets, end of year
$9,214,980
Total liabilities, end of year
$9,558,123
Net assets or fund balances, end of year
-$343,143
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

    $270,000

  • 1g · Noncash contributions included above

    $0

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

    total $287,665 · related or exempt $287,665 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Management Fees

    total $60,000 · related or exempt $60,000 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Contract Revenue

    total $581,210 · related or exempt $581,210 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: Champions Council

    total $204,615 · related or exempt $204,615 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $106,105 · related or exempt $0 · unrelated business $0 · excluded $106,105

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · 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.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $211,437

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $200,958

  • 8 · Pension plan contributions

    total $1,860

  • 9 · Other employee benefits

    total $15,576

  • 10 · Payroll taxes

    total $15,374

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $96,288

  • 11c · Fees: accounting

    total $87,992

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $1,214,517

  • 12 · Advertising and promotion

    total $73,648

  • 13 · Office expenses

    total $32,148

  • 14 · Information technology

    total $21,442

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $10,125

  • 17 · Travel

    total $63,033

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $30,702

  • 20 · Interest

    total $6,132

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $11,069

  • 24a · Other expenses: Events

    total $422,461

  • 24b · Other expenses: Dues & Subscriptions

    total $14,307

  • 24e · All other expenses

    total $5,274

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $932,847 · end of year $12,587

  • 2 · Savings and temporary cash investments

    end of year $7,912,270

  • 4 · Accounts receivable

    beginning of year $118,480 · end of year $3,810

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,973 · end of year $1,283,180

  • 15 · Other assets

    beginning of year $20,680 · end of year $3,133

  • 17 · Accounts payable and accrued expenses

    beginning of year $67,625 · end of year $326,641

  • 19 · Deferred revenue

    beginning of year $142,308 · end of year $9,231,482

  • 25 · Other liabilities

    beginning of year $184,442 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $681,605 · end of year -$343,143

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

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.

  • Withheld by Nonprofiteer: this text may name a private individual.

  • Big 10 2024: As the Local Organizing Committee (LOC), Minnesota Sports and Events (MNSE) is thrilled to bring both the Big Ten Women's and Men's Basketball Tournaments to Target Center next spring! Thousands of Big Ten alumni, students and basketball fans will travel to Minnesota over two weeks in March 2024 to witness some of the most competitive and exciting collegiate basketball in the country! The heart of Minneapolis transforms to host one of the nation's most prestigious college basketball events. All 14 Big Ten Conference women's & men's basketball teams descend on the Target Center with their eyes set on winning the conference title. Catch all your favorite Big Ten tournament teams live.

  • Big 10 2023: This year we welcomed the Big Ten Women's Basketball Tournament to Minnesota for the FIRST TIME EVER! The event has not changed cities since 2015. Big Ten's decision to bring the tournament to Minnesota as they embarked on a new chapter for their organization is a testament to our reputation for producing world-class events, the impact we have made with our commitment to diverse audience engagement and being named the Mecca of Women's Basketball by The New York Times. We are fortunate to host the tournament here this year and again in 2024, and to have the opportunity to help both the event and sport flourish.

  • MNSE general program serves as an umbrella organization for the Metropolitan Minneapolis-St. Paul area, to attract and secure future events, such as the Men's Final Four, Olympics Gymnastics Team Trials, World Junior's Hockey Championship, and WWE Summer Slam.

As filed on the 2023 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Wendy Blackshaw

    President and CEO

    Total calculated
    $395,879
    From this org
    $371,925
    From related orgs
    $0
    Other
    $23,954
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $187,483
    Bonus
    $0
    Other
    $184,442
    Deferred
    $10,500
    Nontaxable benefits
    $13,454
    Filer's total
    $395,879
  • Matthew Meunier

    Deputy Executive Director

    Total calculated
    $150,488
    From this org
    $130,066
    From related orgs
    $0
    Other
    $20,422
    Hours/week
    40
  • 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 + 1 related
  • 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
  • Doug Carnival

    Director

    Total calculated
    $0
    Hours/week
    1
  • Jeff Davidman

    Director

    Total calculated
    $0
    Hours/week
    1
  • Carrie Higgs

    Director

    Total calculated
    $0
    Hours/week
    1
  • Wade Lunaburg

    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

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
2023
Filed
11 November 2024
IRS schema version
2023v5.0
Source object
202443179349305789

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