Overview
What is Chisago Lakes Arena Inc?
Chisago Lakes Arena Inc is a nonprofit organization situated in Lindstrom, Minnesota. Its primary mission is to manage and maintain an ice arena, while utilizing any excess revenue to invest in local youth athletic programs. This commitment extends beyond the arena, as the organization also provides scholarships to young individuals within the community. The organization has a modest workforce of 17 employees working towards its civic and social welfare objectives.
Official website here: www.chisagolakesarena.com
Is Chisago Lakes Arena Inc legitimate?
Chisago Lakes Arena Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chisago Lakes Arena 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: $72,796
Professional Fundraising Fees: $0
Other Salaries and Wages: $21,529
For more financial information, click here
Official website here: www.chisagolakesarena.com
What is the mission statement of Chisago Lakes Arena Inc?
Chisago Lakes Arena Inc, as a civic and social welfare organization, is established with the primary purpose of managing, maintaining, and operating an ice arena. The surplus revenues generated from the arena's operations are then invested in local youth athletic programs. Furthermore, the organization offers scholarships to support the athletic pursuits of young individuals within the community.
Official website here: www.chisagolakesarena.com
Who is the CEO of Chisago Lakes Arena Inc?
Rod Amundson is the President of Chisago Lakes Arena Inc.
Official website here: www.chisagolakesarena.com
What is the revenue of Chisago Lakes Arena Inc?
Chisago Lakes Arena Inc's revenue in 2020 was $220,390.
Official website here: www.chisagolakesarena.com
Who are the executives of Chisago Lakes Arena Inc and what are their salaries?
The average compensation at Chisago Lakes Arena Inc during 2020 was $5,549. There are 17 employees and 10 volunteers at Chisago Lakes Arena Inc.
Here are 11 key members and their salaries:
- Compensation: $72,796
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Official website here: www.chisagolakesarena.com
Where can I find the form 990 for Chisago Lakes Arena Inc?
Chisago Lakes Arena Inc's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.chisagolakesarena.com
Learn more at the official website: www.chisagolakesarena.com
Mission Statement of Chisago Lakes Arena Inc
Chisago Lakes Arena Inc, a civic and social welfare organization, is established with the primary mission to manage, maintain, and operate an ice arena. The excess revenues generated from these operations are then invested in local youth athletic programs. Beyond this, the organization extends its support by offering scholarships to the youth residing in the area. By doing so, Chisago Lakes Arena Inc aims to contribute positively to the community's youth, providing them with opportunities to engage in athletic activities and further their education.
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Impact
October, 2024
Chisago Lakes Arena Inc plays a vital role in the community by managing and operating a central recreational facility in Lindstrom, MN. The arena serves as a hub for civic engagement and active social welfare, fostering a sense of community through organized sports and recreational activities. By directing excess revenues from its operations towards local youth athletic programs, the organization significantly enhances opportunities for young athletes in the area.
Through scholarships and funding, Chisago Lakes Arena Inc ensures that all local youth have access to sports, regardless of their financial background. This commitment not only promotes physical health and wellness among young people but also instills important values such as teamwork, discipline, and perseverance. The arena's presence and activities contribute to the overall vibrancy of the community, creating a supportive environment where youth can thrive both athletically and socially. In this way, Chisago Lakes Arena Inc has a lasting positive impact on the lives of individuals and the broader community.
This information is meant to be a general summary of Chisago Lakes Arena 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 2020.
- Investment Income: $10,386
- Program Service Revenue: $198,824
- Gross Receipts: $220,390
Assets and Liabilities:
- Total Assets: $1,707,391
- Total Liabilities: $25,791
- Net Assets: $1,681,600
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ICE ARENA
Revenue
$150,736
SEE ATTACHED
Revenue
$48,088
Organization Details
Founding Year
1989
Principal Officer
Rod Amundson
Main Address
PO BOX 472, LINDSTROM, MN, 55045
Website
www.chisagolakesarena.comNTEE Category
Code: N31Z - Recreation
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