The Igloo EIN 20-1454439

The Igloo FY2022 filing

EIN  20-1454439 Public charity (501(c)(3)) Elko, NV
Form 990 (PDF)
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Size
$100K–1M
What they do
Offers indoor winter recreation and activities for youth in northeastern Nevada.
Leadership
Gary Klug · Treasurer
Money in and out
$275K revenue, $113K expenses
Bottom line
94% program efficiency

Offers indoor winter recreation and activities for youth in northeastern Nevada. For fiscal year 2022 it reported $275K in revenue, $113K in expenses, and $877K in net assets.Pt I

Where the money goes · FY2022
Total revenue
$275K
Pt VIII · Ln 12
Total expenses
$113K
Pt IX · Ln 25
Net assets
$877K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $162K
Where spending went · Part IX cols B–D
Program services $0.94 Management & general $0.06
Program efficiency
94%
of spending reaches programs
Operating runway
1.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+59%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$275K
FY2022▲ +131%
Expenses
$113K
FY2022▲ +112%
Total assets
$972K
FY2022▲ +28%
Total liabilities
$95K
FY2022▲ +124%
Total revenue
$275K
Pt VIII · Ln 12
Total expenses
$113K
Pt IX · Ln 25
Net assets
$877K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$162K
Total assetsPt X · Ln 16$972K
Program-expense ratioPt IX · col B94%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $106K of program spending, described in the organization's own filed words · FY2022.
01

During the year the igloo continued to provide indoor recreational opportuinties during the winter months in northern nevada for the youth in the elko area.

$106Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Igloo
EINHdr · item D20-1454439
Principal addressHdr · item CElko, NV
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNV
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFRecreation & Sports (N30)
Ruling yearIRS BMFOct 2005

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$128K · 46%
Program service revenue$112K · 41%
Investment income$36K · 13%
Contributions & grants46%$128K
Program service revenue41%$112K
Investment income13%$36K
Other revenue$55
— government grantsLn 1e$40K
Total revenueLn 12$275K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.94 Management & general $0.06
Program services94%$106K
Management & general6%$7K
Total functional expensesLn 25$113K

Balance Sheet

Part X · end of year
CashLn 1$17K
Total assetsLn 16$972K
Total liabilitiesLn 26$95K
Total net assetsLn 32$877K
Months of cash on handcomputed1.8

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $17K · Operating expenses/yr $113K
1.8 months
Where the money goes
Program services
Program services $106K · Total expenses $113K
94%
Management & General
Management & general $7K · Total expenses $113K
6%
Fundraising
Fundraising $0 · Total expenses $113K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $49K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $128K · Total revenue $275K
46%
Government reliance
Government grants $40K · Total revenue $275K
15%
Earned-income share
Program service revenue $112K · Total revenue $275K
41%
Investment reliance
Investment income $36K · Total revenue $275K
+13%
Program self-sufficiency
Program service revenue $112K · Total expenses $113K
99%
Growth & trend
Revenue growth (YoY)
This year $275K · Prior year $119K
+131%
Net-asset trend (YoY)
End of year $877K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $275K · Expenses $113K
+59%
Liabilities-to-Assets
Total liabilities — · Total assets $972K
Net-asset ratio
Net assets $877K · Total assets $972K
90%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $972K
0%
People & payroll
Highest Reported Total Compensation
Individual Gary Klug · Reported title Treasurer · Highest reported compensation $0 · Total expenses $113K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $113K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 94%
Overhead ratio 6%
Fundraising cost ratio 0%
Revenue growth 131%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 1%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$50K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$195K revenue · ⤓ 990 PDF
FY2023$185K revenue · ⤓ 990 PDF
FY2022$275K revenue · viewing · ⤓ 990 PDF
FY2021$119K revenue · ⤓ 990 PDF
FY2020$63K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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