Overview
What is Minnesota Heat Hoops Inc?
Minnesota Heat Hoops Inc is a nonprofit organization situated in Maple Grove, Minnesota. Their primary mission is to offer affordable basketball programs to children who might not otherwise have the opportunity. They accomplish this by organizing various basketball-related events and renting facilities within local schools and communities. In the past year, the organization grew significantly, accommodating around 1,200 players across 120 teams, including both boys and girls from the metro Twin Cities and the Rochester area. Minnesota Heat Hoops Inc also expanded its reach by starting teams in the southeastern region, adding 12 teams in the recent spring season. In addition to their spring teams, they fielded 21 teams during the fall season and will be introducing a winter team for the first time. To ensure inclusivity, the program also offers scholarships to cover season fees, totaling 30,000 worth in the year. The organization's charitable and educational activities culminate in their annual Heat Christmas event, providing a unique holiday experience for financially challenged athletes.
Official website here: www.minnesotaheat.net/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating)
Minnesota Heat Hoops Inc has achieved a 73% rating from Charity Navigator, indicating a level of accountability and finance that warrants a Two-Star designation. The score is exclusively derived from the Accountability & Finance beacon, reflecting the organization’s overall financial health and practices.
Strengths for Minnesota Heat Hoops include having a fully independent board with 100% of its members being independent. They also exhibit solid financial practices, with a high program expense ratio of 80.97%, indicating that a significant portion of their expenses are directed towards their programs. Moreover, they maintain transparency by listing their tax form on their website and keeping accurate board meeting minutes.
However, the organization faces limitations in terms of missing critical policies such as a conflict of interest policy and a whistleblower policy, which are essential for upholding ethical governance. Additionally, the absence of financial statements significantly impacted their score, as this is a vital component for assessing transparency and fiscal responsibility.
This AI summary has been generated from information found on Charity Navigator.
Is Minnesota Heat Hoops Inc legitimate?
Minnesota Heat Hoops Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minnesota Heat Hoops Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $107,558
Professional Fundraising Fees: $0
Other Salaries and Wages: $58,042
For more financial information, click here
Official website here: www.minnesotaheat.net/
What is the mission statement of Minnesota Heat Hoops Inc?
Minnesota Heat Hoops Inc, as a charitable and educational organization, strives to provide basketball programs to children who might otherwise be unable to afford them. Additionally, they organize basketball-related events for players, including professional and high school games. The organization also supports local schools and communities by renting their facilities. Their mission is to extend the opportunity to play basketball to a wider audience and contribute to the development of the sport in the community. During the year, they scholarship a significant amount of season fees, aiming to make the sport accessible to all. Furthermore, they offer a unique Christmas experience to athletes coming from financially challenged backgrounds.
Official website here: www.minnesotaheat.net/
Who is the CEO of Minnesota Heat Hoops Inc?
Willie Vang is the President of Minnesota Heat Hoops Inc.
Official website here: www.minnesotaheat.net/
What is the revenue of Minnesota Heat Hoops Inc?
Minnesota Heat Hoops Inc's revenue in 2021 was $727,071.
Official website here: www.minnesotaheat.net/
Who are the executives of Minnesota Heat Hoops Inc and what are their salaries?
The average compensation at Minnesota Heat Hoops Inc during 2021 was $82,800. There are 2 employees and 30 volunteers at Minnesota Heat Hoops Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $107,402
- Related: $77,431
- Other: $157
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.minnesotaheat.net/
Where can I find the form 990 for Minnesota Heat Hoops Inc?
Minnesota Heat Hoops Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.minnesotaheat.net/
Learn more at the official website: www.minnesotaheat.net/
Mission Statement of Minnesota Heat Hoops Inc
Minnesota Heat Hoops, a charitable and educational organization, is dedicated to serving children who may not otherwise have the opportunity to participate in basketball programs. The nonprofit achieves this mission by organizing basketball-related events, such as professional and high school games, and providing these activities at an affordable cost. Furthermore, Minnesota Heat Hoops supports local schools and communities by renting out their facilities.
In addition to its primary mission, Minnesota Heat Hoops has grown significantly, expanding its reach beyond the metropolitan Twin Cities area. The nonprofit now offers basketball programs in the Rochester area as well, accommodating approximately 1,200 players across 120 teams during the spring season. As a result of this growth, Minnesota Heat Hoops has also been able to provide scholarships covering 30,000 worth of season fees to eligible players.
To cater to a wider audience, the nonprofit has introduced winter basketball teams for players who were unable to secure a spot during tryouts. This initiative allows more children to continue playing basketball competitively. Minnesota Heat Hoops' commitment to its mission is evident in its efforts to make basketball accessible and affordable for children from financially challenged backgrounds, as demonstrated by its annual Heat Christmas event.
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Impact
October, 2024
Minnesota Heat Hoops Inc significantly enhances the lives of children by providing access to basketball programs for those who may not otherwise afford the opportunity to participate. With a robust expansion to 120 teams, including 87 metro boys' teams, 21 metro girls' teams, and 12 teams from the Rochester area, the organization accommodates approximately 1,200 players each spring season.
By reaching beyond the Twin Cities, Minnesota Heat Hoops Inc has successfully introduced new teams in southeastern Minnesota, reinforcing their commitment to inclusivity in sports. This spring, the program added 12 new teams, and for the first time, it includes winter teams composed of players who were cut from their travel teams, ensuring that more kids maintain competitive engagement in basketball.
In addition to facilitating team participation, the organization actively supports its community by providing scholarships totaling $30,000 for season fees, ensuring that financial barriers do not hinder young athletes' dreams. They also organize basketball-related events, including opportunities to attend professional and high school games, enriching the overall sports experience for local youth.
Notably, the annual Heat Christmas event offers a unique holiday experience for athletes from financially challenged backgrounds, highlighting Minnesota Heat Hoops Inc's dedication not just to sports, but to the holistic development of the children it serves. This multifaceted approach not only nurtures talent but also builds a supportive community around these young athletes in Maple Grove, Minnesota, and beyond.
This information is meant to be a general summary of Minnesota Heat Hoops Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Program Service Revenue: $692,532
- Gross Receipts: $727,071
Assets and Liabilities:
- Total Assets: $44,467
- Total Liabilities: $7,065
- Net Assets: $37,402
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$760,852
REFUNDS
Revenue
-$68,320
Organization Details
Founding Year
2011
Phone
(651) 269-9822Principal Officer
Willie Vang
Main Address
17377 91ST AVE N, MAPLE GROVE, MN, 55311
Website
www.minnesotaheat.net/NTEE Category
Code: N60 - Recreation
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