Form 990 for tax year 2023
Filed by PRIOR LAKE ATHLETICS FOR YOUTH.
Totals
- Total revenue
- $1,896,257
- Total expenses
- $1,800,387
- Contributions and grants received
- $183,147
- Grants paid
- $185,000
- Program service revenue
- $1,682,079
- Investment income
- $15,164
- Other revenue
- $15,867
- Total assets, end of year
- $866,854
- Total liabilities, end of year
- $311,074
- Net assets or fund balances, end of year
- $555,780
- Program services expenses (Part IX)
- $1,755,163
- Management and general expenses
- $45,224
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,755,163
Program services were 97.5% 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.
-
1f · All other contributions, gifts and grants
$183,147
-
2a · Program service revenue: PROGRAM SERVICES
total $1,642,674 · related or exempt $1,642,674
-
2b · Program service revenue: OTHER INCOME
total $39,405 · related or exempt $39,405
-
3 · Investment income
total $15,828 · excluded $15,828
-
7b · Less cost or other basis and sales expenses
securities $664
-
7c · Gain or loss
securities -$664
-
7d · Net gain or loss
total -$664 · related or exempt -$664
-
8a · Fundraising events: gross income
$31,008
-
8b · Fundraising events: direct expenses
$15,141
-
8c · Net income from fundraising events
total $15,867 · excluded $15,867
Functional expenses
Part IX, the statement of functional expenses.
-
3 · Grants to foreign organizations and individuals
total $185,000 · program services $185,000
-
7 · Other salaries and wages
total $95,177 · program services $78,997 · management and general $16,180
-
10 · Payroll taxes
total $6,813 · program services $5,575 · management and general $1,238
-
11c · Fees: accounting
total $10,025 · management and general $10,025
-
12 · Advertising and promotion
total $3,892 · management and general $3,892
-
13 · Office expenses
total $5,662 · management and general $5,662
-
16 · Occupancy
total $3,600 · management and general $3,600
-
22 · Depreciation, depletion and amortization
total $9,195 · program services $9,195
-
23 · Insurance
total $39,031 · program services $39,031
-
24a · Other expenses: ENTRY FEES
total $294,733 · program services $294,733
-
24b · Other expenses: UNIFORMS
total $181,846 · program services $181,846
-
24c · Other expenses: GYM RENTAL
total $142,693 · program services $142,693
-
24d · Other expenses: REFEREES AND UMPIRES
total $138,302 · program services $138,302
-
24e · All other expenses
total $684,418 · program services $679,791 · management and general $4,627
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $220,190 · end of year $293,200
-
9 · Prepaid expenses and deferred charges
beginning of year $101,134 · end of year $118,685
-
10a · Land, buildings and equipment: cost or other basis
$58,692
-
10b · Land, buildings and equipment: accumulated depreciation
$48,521
-
10c · Land, buildings and equipment, net
beginning of year $7,749 · end of year $10,171
-
11 · Investments: publicly traded securities
beginning of year $399,435 · end of year $444,798
-
17 · Accounts payable and accrued expenses
beginning of year $61,208 · end of year $49,215
-
19 · Deferred revenue
beginning of year $237,592 · end of year $261,859
-
27 · Net assets without donor restrictions
beginning of year $429,708 · end of year $401,846
-
28 · Net assets with donor restrictions
end of year $153,934
Mission and programs · 2023
Mission
PRIOR LAKE ATHLETICS FOR YOUTH, SERVES THE PRIOR LAKE / SAVAGE SCHOOL DISTRICT, TO PROVIDE COMPETITIVE YET FUN ATHLETIC OPPORTUNITIES FOR KIDS. OUR PRIORITY IS SAFETY, SKILLS DEVELOPMENT, AND THE TEACHING OF LIFE LESSONS THROUGH SPORTS.OUR PROGRAM PROMOTES THE IMPORTANCE OF SPORTSMANSHIP, TEAMWORK, LEADERSHIP, AND INTEGRITY. WE BELIEVE LEARNING BOTH SUCCESS AND FAILURE THROUGH COMPETITION WILL BENEFIT OUR FUTURE GENERATIONS.
Activities or mission (Part I)
YOUTH RECREATION
-
ATHLETIC ACTIVITIES FOR APPROXIMATELY 4,146 PRE-K TO HIGH SCHOOL YOUTH IN VARIOUS SPORTS SUCH AS SOFTBALL, BASKETBALL, LACROSSE, CHEER, TENNIS, VOLLEYBALL, AND FOOTBALL.
Expenses $1,755,163 · Revenue $1,681,415
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Shreve ParsleySHREVE PARSLEY
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Brent SiegelBRENT SIEGEL
EXECUTIVE VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Justin SlocumJUSTIN SLOCUM
EECUTIVE VP OF FINANCE
- Total calculated
- $0
- Hours/week
- 5
-
Debbie AidasDEBBIE AIDAS
EXECUTIVE VP OF TECH
- Total calculated
- $0
- Hours/week
- 5
-
Michelle SchommerMICHELLE SCHOMMER
VP OF SPORTS REGISTRATION
- Total calculated
- $0
- Hours/week
- 5
-
Tommy ThompsonTOMMY THOMPSON
VP OF SPRING/SUMMER SPORTS
- Total calculated
- $0
- Hours/week
- 5
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.
Grants on this return
-
CITY OF PRIOR LAKE PARKS AND RECREATION
$185,000
FOR PARK FACILITY IMPROVEMENTS
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 11 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433189349301913
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