Overview
What is Rochester Mn Sports?
Rochester Mn Sports is a nonprofit organization situated in Rochester, Minnesota, with a team of five dedicated individuals. Their primary mission is to contribute positively to the local economy, quality of life, and promote active living by attracting and administering various sporting events in the area. In 2022, they successfully attended 92 events, estimated to have drawn 146,200 visitors, resulting in an annual event profit of 76,000 USD. The economic impact of these events amounted to 24,850,000 USD, with 29,911 room nights attributed to sports events alone. Furthermore, they reported 24,926 room nights in total for the year. These figures indicate a significant improvement from 2021.
Official website here: www.rochestermnsports.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Star Rating
Rochester Mn Sports has achieved an 88% score on Charity Navigator, reflecting a strong commitment to accountability and finance. This rating is based solely on the Accountability & Finance beacon, indicating that the organization has met high standards in various financial practices. The charity's independent board comprises 100% independent members, which enhances governance and oversight of operations.
The organization demonstrates strong financial health with an impressive program expense ratio of 83.98%, showing that a significant portion of its funds is directed towards its programs. Additionally, it maintains a low liabilities to assets ratio of 0.83%, suggesting effective management of its resources. The presence of an audit and documented board meeting minutes further supports its financial transparency.
However, the nonprofit does have some areas for improvement, particularly the absence of a whistleblower policy, which is crucial for accountability. Despite this limitation, Rochester Mn Sports overall showcases good governance practices and a strong financial footing.
This AI summary has been generated from information found on Charity Navigator.
Is Rochester Mn Sports legitimate?
Rochester Mn Sports is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rochester Mn Sports 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: $316,744
For more financial information, click here
Official website here: www.rochestermnsports.org
What is the mission statement of Rochester Mn Sports?
The mission of the organization, known as Rochester Sports, is to serve as a driving force, offering guidance and expertise in facilitating a variety of sports events across different categories. This endeavor aims to contribute positively to the local economy, enhance the quality of life, and encourage healthy and active living within the community. By successfully administering these events, Rochester Sports seeks to attract a substantial number of visitors, thereby generating significant profits and fostering a substantial economic impact.
Official website here: www.rochestermnsports.org
Who is the CEO of Rochester Mn Sports?
Matt Esau is the Executive Di of Rochester Mn Sports.
Official website here: www.rochestermnsports.org
What is the revenue of Rochester Mn Sports?
Rochester Mn Sports's revenue in 2022 was $1,228,386.
Official website here: www.rochestermnsports.org
Who are the executives of Rochester Mn Sports and what are their salaries?
The average compensation at Rochester Mn Sports during 2022 was $63,349. There are 5 employees at Rochester Mn Sports.
Here are 22 key members and their salaries:
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Official website here: www.rochestermnsports.org
Where can I find the form 990 for Rochester Mn Sports?
Rochester Mn Sports's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rochestermnsports.org
Learn more at the official website: www.rochestermnsports.org
Mission Statement of Rochester Mn Sports
Rochester Sports, an organization dedicated to leading and guiding, plays a vital role in attracting and managing various sporting events in different categories. Its mission is to contribute positively to the economy, enhance the quality of life, and promote healthy and active living within the community. By organizing and assisting in numerous events each year, Rochester Sports aims to create a substantial economic impact, attracting a significant number of visitors and generating substantial profits. In 2022, the organization facilitated 92 events, hosting an estimated 146,200 visitors, generating an annual event profit of 76,000, and an overall economic impact of 24,850,000. Additionally, the organization reported 24,926 room nights, with an estimated 29,911 room nights attributed to sports events, demonstrating its substantial impact on the community.
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Impact
July, 2024
Rochester Mn Sports plays a vital role in boosting the economy, enhancing the quality of life, and promoting healthy living in the Rochester, Minnesota area. By attracting and managing a wide range of sporting events, this organization has had a significant impact on the local community. This impact can be seen through the substantial number of events hosted and assisted in 2022, the high estimated annual event profit, the large economic impact generated, and the impressive number of room nights reported. By bringing in visitors and encouraging active participation in sports, Rochester Mn Sports is actively contributing to the overall well-being and prosperity of the region.
This information is meant to be a general summary of Rochester Mn Sports. 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 2022.
- Investment Income: $112
- Program Service Revenue: $683,931
- Gross Receipts: $1,254,058
Assets and Liabilities:
- Total Assets: $753,388
- Total Liabilities: $37,096
- Net Assets: $716,292
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REGISTRATION & ENTRY FEES
Revenue
$249,387
TICKET SALES
Revenue
$231,490
HOTEL RM REBATES & SUBSIDIES
Revenue
$153,341
SPONSORSHIPS
Revenue
$27,275
OTHER
Revenue
$22,438
Organization Details
Founding Year
1992
Phone
(507) 280-4702Principal Officer
Matt Esau
Main Address
30 CIVIC CENTER DR SE, ROCHESTER, MN, 55904
Website
www.rochestermnsports.orgNTEE Category
Code: N60Z - Recreation
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