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Cardinal Athletic Foundation INC

Tax-deductible

Annandale, MN501(c)(3)EducationEIN 20-3616835Revenue $87K in FY2024

On file with the IRScardinalathleticfoundation.org855 Hemlock St E, 55302-1167 · Annandale, MNTax-exempt since Jun 2006Publicly supported charity — 170(b)(1)(A)(vi)

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The Foundation is organized exclusively and shall be operated for the charitable purpose of promoting and improving the general welfare and condition of all residents and institutions in the annandale minnesota area, but especially to provide opportunities for youth, promote Athletic programs for youths, promote community service by youths, and lessen burdens on the local government.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $982 a year · 1% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 6.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $16K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$87K
-4% vs prior year
Spent
$84K
To programs
91%
Net assets
$42K
By yearFY2020–FY2024
Revenue
$87K
FY2024▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2020$26K
FY2021$68K
FY2022$73K
FY2023$90K
FY2024$87K
Expenses
$84K
FY2024▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$85K
FY2023$78K
FY2024$84K
Net assets
$42K
FY2024▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$27K
FY2021$39K
FY2022$28K
FY2023$39K
FY2024$42K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $77K Management & general 9% · $7K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
Tim Wolff
President
$0Pt VII · Sec A
Pete Onstad
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Angie Swanson
Treasurer
$0Pt VII · Sec A
David Ahsenmacher
Board Member
$0Pt VII · Sec A
Gena Jacobson
Board Member
$0Pt VII · Sec A
Travis Jenniges
Board Member
$0Pt VII · Sec A
Cj Nilson
Board Member
$0Pt VII · Sec A
See Cardinal Athletic Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Improves local welfare, especially youth opportunities, athletics, and community service.

Questions for Cardinal Athletic Foundation INC

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Provided by the organization

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2 programs · $77K · in their own filed words · FY2024
01

Provide grants to isd 876, annandale MN, to lesson the tax burden of local government.

$68Kprogram expense
02

Provide grants to youth sporting entities, annandale MN to foster amatuer baseball, softball and basketball sports within the local community.

$9Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Delta Dental of Kentucky INCFY2024$16K
Total grants receivedfrom 1 funder$16K
Grants paid · 6 grants · $209K · 2022–2024
Annandale School District 876FY2024$61,263
Annandale School District 876FY2023$57,706
Individual RecipientFY2023$5,160
Annandale Youth Basketball AssociationMN · FY2023$5,050
Annandale School District 876FY2022$73,096
Annandale Youth Basketball AssociationMN · FY2022$6,995

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$87K
Ln 12
Other incomeLn 4–11$48K
Gifts and grantsLn 1h$38K
Money outPt IX
$84K
Ln 25
Programscol B$77K
Managementcol C$7K
Owns and owesPt X
$42K
net assets · Ln 32
Cash and savingsLn 1–2$42K
Total assetsLn 16$42K
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$38K
Fundraising eventsLn 1c$22K
Other incomeLn 4–11$48K
Total revenueLn 12$87K
Assets in detailPt X, end of year
CashLn 1$42K
Cash and savings togetherLn 1–2$42K
Total assetsLn 16$42K
LiabilitiesLn 26$0
Net assetsLn 32$42K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$39K$42K
Total assetsLn 16$39K$42K
LiabilitiesLn 26$0$0
Net assetsLn 32$39K$42K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$70K$70K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$7K$6K$653
Office expensesLn 13$84$84
Information technologyLn 14$745$670$75
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$84K$77K$7K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $87K$84K$3K$42K 990 PDF
FY2023 $90K$78K$12K$39K 990 PDF
FY2022 $73K$85K−$11K$28K 990 PDF
FY2021 $68K$39K 990 PDF
FY2020 $26K$27K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $86,787 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $22,553$38,366
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $67,633$48,421
I-12 Total revenuePrior year $90,186$86,787
I-13 Grants and similar amounts paidPrior year $70,769$70,459
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $7,636$13,698
I-18 Total expensesPrior year $78,405$84,157
I-19 Revenue less expensesPrior year $11,781$2,630
Part VI · Governance 12 of 12 board members independent, 4 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $86,787 across 5 lines filed
VIII-1c Fundraising events$22,165
VIII-1f All other contributions, gifts and grants$16,201
VIII-1h Total contributions, gifts and grants$38,366
VIII-8 Net income from fundraising eventsExcluded from tax $48,421$48,421
VIII-12 Total revenueExcluded from tax $48,421$86,787
Part IX · Statement of functional expenses $84,157 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $70,459$70,459
IX-11c Accounting feesManagement $2,285$2,285
IX-11g Other fees for servicesPrograms $5,872 · Management $653$6,525
IX-13 Office expensesManagement $84$84
IX-14 Information technologyPrograms $670 · Management $75$745
IX-23 InsuranceManagement $1,945$1,945
IX-24 Other expenses (24a–d)Management $2,114$2,114
IX-25 Total functional expensesPrograms $77,001 · Management $7,156 · Fundraising $0$84,157
Part X · Balance sheet $41,964 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $39,334$41,964
X-16 Total assetsStart of year $39,334$41,964
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $39,334$41,964
X-32 Total net assets or fund balancesStart of year $39,334$41,964
X-33 Total liabilities and net assetsStart of year $39,334$41,964
Part XI · Reconciliation of net assets $41,964 net assets at year end
XI-1 Total revenue$86,787
XI-2 Total expenses$84,157
XI-3 Revenue less expenses$2,630
XI-4 Net assets at start of year$39,334
XI-10 Net assets at end of year$41,964

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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