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Minnesota Thunder Basketball Progra

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 320197484 ✦ Prior lake, MN ✦ Designated as a 501(c)(3)

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Overview

What is Minnesota Thunder Basketball Progra?

Minnesota Thunder Basketball Program is a nonprofit organization situated in Prior Lake, Minnesota (55372). Their primary mission is to offer girls a high-quality, competitive, and functional space for playing basketball during the spring and summer seasons. By participating in this program, girls can strengthen their friendships, enhance teamwork skills, and boost their self-esteem. They serve athletes from across Minnesota and the western portion of Wisconsin, participating in various tournaments and events organized by Minnesota Youth Athletic Services and the Amateur Athletic Union, both locally and nationally. The program supports Division I and Division II teams and holds practices in Eden Prairie, Hopkins, Bloomington, and Armstrong. With a dedicated workforce of one individual, the Minnesota Thunder Basketball Program is committed to empowering young girls through basketball and personal growth.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 70%, earning it a Two-Star out of Four Star rating. The Minnesota Thunder Basketball Program demonstrates a solid commitment to financial management, as indicated by its exceptional program expense ratio and strong performance in several accountability metrics. However, the overall rating suggests there are areas for improvement in transparency and governance practices.

The organization has received full points for having a majority of independent board members and an independent board size, which contributes positively to its governance structure. Additionally, the absence of any liabilities indicates sound financial health. However, the charity has notable shortcomings, particularly in its transparency, as several key policies and documents are missing from its website.

Specifically, the lack of a conflict of interest policy, whistleblower policy, and document retention policy raises concerns about governance and accountability. Furthermore, the absence of board meeting minutes and the failure to list the website on the tax form detract from the organization’s overall rating. Addressing these issues could improve the Minnesota Thunder Basketball Program's standing and enhance stakeholder trust.


This AI summary has been generated from information found on Charity Navigator.

Is Minnesota Thunder Basketball Progra legitimate?

Minnesota Thunder Basketball Progra is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minnesota Thunder Basketball Progra 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $24,000

For more financial information, click here

What is the mission statement of Minnesota Thunder Basketball Progra?

The Minnesota Thunder Basketball Program's mission is centered around providing a high-quality, competitive, and functional platform for girls to play basketball during the spring and summer seasons. This initiative aims to foster friendships, nurture teamwork skills, and boost their self-esteem. The program serves athletes from various parts of Minnesota and the western portion of Wisconsin, participating in local, regional, and national tournaments organized by Minnesota Youth Athletic Services and the Amateur Athletic Union. Their practices are held in various cities, encouraging a wide range of participation.

Who is the CEO of Minnesota Thunder Basketball Progra?

Mark Rowland is the Secretary of Minnesota Thunder Basketball Progra.

What is the revenue of Minnesota Thunder Basketball Progra?

Minnesota Thunder Basketball Progra's revenue in 2022 was $55,780.

Who are the executives of Minnesota Thunder Basketball Progra and what are their salaries?

The average compensation at Minnesota Thunder Basketball Progra during 2022 was $24,000. There is 1 employee at Minnesota Thunder Basketball Progra.


Here are 3 key members and their salaries:


Brian Cosgriff (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Goetzinger (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Rowland (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Minnesota Thunder Basketball Progra?

Minnesota Thunder Basketball Progra's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Minnesota Thunder Basketball Progra

The Minnesota Thunder Basketball Program is committed to providing a high-quality, competitive, and functional environment for girls to engage in spring and summer basketball. Its mission is centered around fostering friendships and developing teamwork skills among the participants. Moreover, the program aims to boost the self-esteem of these young athletes. The Minnesota Thunder Basketball Program serves a wide range of athletes from Minnesota and the western portion of Wisconsin. They participate in various local, regional, and national basketball tournaments organized by Minnesota Youth Athletic Services and the Amateur Athletic Union. The team supports Division I and Division II teams and holds practices in several locations across the mentioned regions.

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Impact




August, 2024

Minnesota Thunder Basketball Program's impact can be seen in the positive development of girls who participate in the program. By providing a quality, competitive, and functional place to play basketball during the spring and summer, the program not only helps foster friendships but also enhances teamwork skills and self-esteem among the athletes. Serving girls from all over Minnesota and the Western Portion of Wisconsin, the program offers opportunities for players to compete in local and regional tournaments, as well as participate in national events organized by the Amateur Athletic Union. This exposure and experience support the growth and advancement of the athletes, potentially leading them to become successful players at the Division I and Division II levels. Through practices held in various cities such as Eden Prairie, Hopkins, Bloomington, and Armstrong, the program contributes to the overall well-being and development of young female athletes, promoting the values of sportsmanship, dedication, and skill-building.




This information is meant to be a general summary of Minnesota Thunder Basketball Progra. 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.

Revenue
$55,780 (2022)
Expenses
$67,325 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $55,571
  • Gross Receipts: $55,780

Assets and Liabilities:

  • Total Assets: $30,667
  • Total Liabilities: $0
  • Net Assets: $30,667

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Participant Fees

Revenue

$55,571

Organization Details

Founding Year

2007

Principal Officer

Mark Rowland

Main Address

5485 Shore Trail SE, Prior Lake, MN, 553721260

NTEE Category

Code: N62 - Recreation

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