Minnesota Thunder Academy

Tax-deductible

Richfield, MN501(c)(3)Since 2008Recreation & SportsEIN 26-3017116Revenue $4.1M in FY2024

On file with the IRSmnthunderacademy.org6600 Nicollet Ave, 55423-2462 · Richfield, MNTax-exempt since Jul 2014Publicly supported — 509(a)(2)

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The Minnesota Thunder Academy is a non-profit corporation that promotes the growth and raising the standard of youth soccer in the state of Minnesota as well as developing soccer players to the best of their ability.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Run by 500 volunteers and 84 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
5 of 5
filings with a surplus
Average surplus $332K a year · 14% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$210K
to officers and key staff · 6% of spending
Top officer’s pay lower than 63% of similar orgs
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
12 mo
of spending, in cash
Looks good: 12.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $4K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.5M
41% of total assets
Looks good: liabilities are 41% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.1M
+22% vs prior year
Spent
$3.5M
To programs
84%
Net assets
$2.1M
By yearFY2020–FY2024
Revenue
$4.1M
FY2024▲ +22%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.6M
FY2021$2.1M
FY2022$2.1M
FY2023$2.5M
FY2024$3.4M
FY2024$4.1M
Expenses
$3.5M
FY2024▲ +23%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.4M
FY2021$1.5M
FY2022$1.9M
FY2023$2.2M
FY2024$2.9M
FY2024$3.5M
Net assets
$2.1M
FY2024▲ +36%
Tap a bar for its year
Net assets by fiscal year
FY2020$45K
FY2021$603K
FY2022$823K
FY2023$1.1M
FY2024$1.6M
FY2024$2.1M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2014.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $3.0M Management & general 16% · $566K Fundraising 0% · $10K

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

8 people listed on the 990; $210K paid to officers and key staff.

Part VII, Section A · reportable compensation
Juniors Director
$106,118Pt VII · Sec A
Finance Director
$78,736Pt VII · Sec A
Executive Director
$25,000Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Matthew Vanbenschoten’s $106K as Juniors Director is at the 37th percentile of top reported officer pay among 1842 $1–10M recreation & sports nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2024FY2023FY2022
Matthew Vanbenschoten$106,118———
Maureen Brick$78,736$77,300$76,440$64,189
Adam Pribyl$25,000———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Minnesota Thunder Academy 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

Develops youth soccer players and raises the sport's standard in Minnesota.

Questions for Minnesota Thunder Academy

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Provided by the organization

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1 program · $3.0M · in their own filed words · FY2024
01

The minnesota thunder academy promotes, sponsors, organizes, and administers soccer programs - which include the highest levels of play, guidance, instruction, and competition, with the emphasis on skill development, teamwork, and good sportsmanship for the committed soccer player. The academy has approximately 850 participants.

$3.0Mprogram 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
Total grants receivedfrom 1 funder$4K
Grants paid · 4 grants · $217K · 2021–2024
Unitemized GrantFY2024$57,628
Unitemized GrantFY2023$39,745
Unitemized GrantFY2022$53,767
Unitemized GrantFY2021$65,842

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$4.1M
Ln 12
Fees for servicesLn 2g$3.9M
Gifts and grantsLn 1h$120K
Investment incomeLn 3$62K
Money outPt IX
$3.5M
Ln 25
Programscol B$3.0M
Managementcol C$566K
Fundraisingcol D$10K
Owns and owesPt X
$2.1M
net assets · Ln 32
Cash and savingsLn 1–2$3.5M
Total assetsLn 16$3.6M
LiabilitiesLn 26$1.5M
PeoplePt VI, VII
8
listed · VII A
PaidVII A3
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$120K
Fundraising eventsLn 1c$15K
Fees for servicesLn 2g$3.9M
Investment incomeLn 3$62K
Other incomeLn 4–11$42K
Total revenueLn 12$4.1M
Assets in detailPt X, end of year
CashLn 1$560K
SavingsLn 2$3.0M
Cash and savings togetherLn 1–2$3.5M
Land, buildings, equipmentLn 10c$5K
Total assetsLn 16$3.6M
LiabilitiesLn 26$1.5M
Net assetsLn 32$2.1M
OperationsPt I, VI
EmployeesI 584
VolunteersI 6500
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$2.8M$3.5M
Land, buildings, equipmentLn 10c$0$5K
Total assetsLn 16$2.9M$3.6M
LiabilitiesLn 26$1.3M$1.5M
Net assetsLn 32$1.6M$2.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$58K$58K
Pay of current officers, directors and key staffLn 5$169K$118K$51K
Other salaries and wagesLn 7$1.3M$947K$308K
Other employee benefitsLn 9$29K$14K$15K
Payroll taxesLn 10$117K$87K$30K
Accounting feesLn 11c$35K$35K
Other fees for servicesLn 11g$90K$83K$7K
Advertising and promotionLn 12$25K$20K$5K
Office expensesLn 13$4K$2K$2K
OccupancyLn 16$1.3M$1.3M
InsuranceLn 23$41K$41K
Other expenses (24a–d)Ln 24$385K$333K$53K
All other expensesLn 24e$76K$46K$20K$10K
Total functional expensesLn 25$3.5M$3.0M$566K$10K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $3.4M$2.9M$461K$1.6M 990 PDF
FY2023 $2.5M$2.2M$269K$1.1M 990 PDF
FY2022 $2.1M$1.9M$219K$823K 990 PDF
FY2021 $2.1M$1.5M$558K$603K 990 PDF
FY2020 $1.6M$1.4M$150K$45K 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 $4,106,380 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $117,179$120,187
I-9 Program service revenuePrior year $3,183,236$3,882,711
I-10 Investment incomePrior year $20,605$61,614
I-11 Other revenuePrior year $32,223$41,868
I-12 Total revenuePrior year $3,353,243$4,106,380
I-13 Grants and similar amounts paidPrior year $39,745$57,628
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,246,322$1,569,145
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,605,967$1,921,514
I-18 Total expensesPrior year $2,892,034$3,548,287
I-19 Revenue less expensesPrior year $461,209$558,093
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $4,106,380 across 8 lines filed
VIII-1c Fundraising events$14,761
VIII-1f All other contributions, gifts and grants$105,426
VIII-1h Total contributions, gifts and grants$120,187
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,882,711$3,882,711
VIII-3 Investment incomeExcluded from tax $61,614$61,614
VIII-8 Net income from fundraising eventsExcluded from tax $36,291$36,291
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,577$5,577
VIII-12 Total revenueRelated to mission $3,888,288 · Unrelated business $0 · Excluded from tax $97,905$4,106,380
Part IX · Statement of functional expenses $3,548,287 across 13 lines filed
IX-2 Grants to domestic individualsPrograms $57,628$57,628
IX-5 Pay of current officers, directors and key staffPrograms $117,981 · Management $50,563$168,544
IX-7 Other salaries and wagesPrograms $947,086 · Management $307,717$1,254,803
IX-9 Other employee benefitsPrograms $13,833 · Management $15,330$29,163
IX-10 Payroll taxesPrograms $86,711 · Management $29,924$116,635
IX-11c Accounting feesManagement $34,650$34,650
IX-11g Other fees for servicesPrograms $82,677 · Management $6,842$89,519
IX-12 Advertising and promotionPrograms $20,002 · Management $4,622$24,624
IX-13 Office expensesPrograms $1,867 · Management $1,866$3,733
IX-16 OccupancyPrograms $1,266,267$1,266,267
IX-23 InsuranceManagement $41,038$41,038
IX-24 Other expenses (24a–d)Programs $332,875 · Management $52,615$385,490
IX-24e All other expensesPrograms $46,033 · Management $20,376 · Fundraising $9,784$76,193
IX-25 Total functional expensesPrograms $2,972,960 · Management $565,543 · Fundraising $9,784$3,548,287
Part X · Balance sheet $3,564,496 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $2,814,763$560,099
X-2 Savings and temporary cash investments$2,975,189
X-4 Accounts receivableStart of year $68,923$21,268
X-9 Prepaid expenses and deferred chargesStart of year $11,952$2,750
X-10c Land, buildings and equipment, netStart of year $0$5,190
X-16 Total assetsStart of year $2,895,638$3,564,496
X-17 Accounts payable and accrued expensesStart of year $144,838$116,565
X-19 Deferred revenueStart of year $1,197,631$1,336,669
X-26 Total liabilitiesStart of year $1,342,469$1,453,234
X-27 Net assets without donor restrictionsStart of year $1,539,874$2,099,452
X-28 Net assets with donor restrictionsStart of year $13,295$11,810
X-32 Total net assets or fund balancesStart of year $1,553,169$2,111,262
X-33 Total liabilities and net assetsStart of year $2,895,638$3,564,496
Part XI · Reconciliation of net assets $2,111,262 net assets at year end
XI-1 Total revenue$4,106,380
XI-2 Total expenses$3,548,287
XI-3 Revenue less expenses$558,093
XI-4 Net assets at start of year$1,553,169
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,111,262

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

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