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The Faribault Ice Arena Association

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

EIN: 411822463 ✦ Faribault, MN ✦ Designated as a 501(c)(3)

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Overview

What is The Faribault Ice Arena Association?

The Faribault Ice Arena Association is a nonprofit organization situated in Faribault, Minnesota. Their primary objective is to manage an ice arena, serving as a platform for promoting amateur ice sports and various organized athletic activities. This association fosters a community for individuals interested in hockey, skating, and skiing, offering them a space to engage in these activities. Their mission is to ensure the operation of the ice arena, thereby encouraging the growth and enjoyment of ice-related sports and other organized athletic programs.

Is The Faribault Ice Arena Association legitimate?

The Faribault Ice Arena Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Faribault Ice Arena Association 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: $31,994
Professional Fundraising Fees: $0
Other Salaries and Wages: $31,825

For more financial information, click here

What is the mission statement of The Faribault Ice Arena Association?

The Faribault Ice Arena Association is dedicated to the operation of an ice arena with the primary aim of promoting amateur ice-related sports and various organized athletic programs. By providing a platform for these activities, the association seeks to foster a sense of camaraderie and competition among participants, encouraging their growth and development in these sports. The association's mission is to serve as a hub for these activities, contributing to the overall health and well-being of its members.

Who is the CEO of The Faribault Ice Arena Association?

Paul Froman is the Director of The Faribault Ice Arena Association.

What is the revenue of The Faribault Ice Arena Association?

The Faribault Ice Arena Association's revenue in 2022 was $292,268.

Who are the executives of The Faribault Ice Arena Association and what are their salaries?


Here are 9 key members and their salaries:


Keith Badger (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kain Smith (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Voracek (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Peanasky (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Van Sluis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Froman (President)
  • Compensation: $29,671
  • Related: $0
  • Other: $0
Jeff Neher (Vice President)
  • Compensation: $2,323
  • Related: $0
  • Other: $0
Alex Schmitz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Kleiner (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for The Faribault Ice Arena Association?

The Faribault Ice Arena Association's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of The Faribault Ice Arena Association

The Faribault Ice Arena Association is dedicated to promoting amateur ice-related sports and other organized athletic programs. As a hockey, skate, or ski leagues or club, their mission is to operate an ice arena that serves as a platform for individuals to engage in various ice sports and organized athletic activities at an amateur level. By providing this facility, the association aims to foster a sense of community and camaraderie among its members, allowing them to develop their skills and passion for these sports.

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Impact




October, 2024

The Faribault Ice Arena Association plays a vital role in fostering community engagement and promoting amateur ice-related sports in Faribault, MN. By operating the ice arena, it provides a dedicated space for hockey, skating, and skiing, encouraging participation in various athletic programs. This not only supports local athletes and teams but also enhances recreational opportunities for residents of all ages.

The impact of the association extends beyond sports; it contributes to community cohesion by bringing people together through organized events and activities. Families and friends gather to support local teams, creating a vibrant atmosphere that strengthens social bonds. Additionally, the association provides a platform for youth development, promoting physical fitness, teamwork, and discipline among participants.

Overall, the Faribault Ice Arena Association significantly enriches the community's recreational landscape, fosters a sense of pride, and encourages lifelong engagement in sports and healthy living.




This information is meant to be a general summary of The Faribault Ice Arena Association. 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
$292,268 (2022)
Expenses
$256,580 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $4
  • Program Service Revenue: $240,097
  • Gross Receipts: $292,268

Assets and Liabilities:

  • Total Assets: $1,195,115
  • Total Liabilities: $2,023
  • Net Assets: $1,193,092

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Programs

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

ICE RENTAL FEES

Revenue

$240,097

Organization Details

Founding Year

1995

Principal Officer

Paul Froman

Main Address

PO BOX 771, FARIBAULT, MN, 550210771

NTEE Category

Code: N32N - Recreation

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