Minnesota Thunder Academy FY2020 filing

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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.
80¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $369K a year · 14% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
3 mo
of spending, in cash
Looks good: 3.4 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
$362K
89% of total assets
Concern: liabilities are 89% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
Spent
$1.4M
To programs
80%
Net assets
$45K
By yearFY2020–FY2025
Revenue
$1.6M
FY2020
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
FY2025$4.1M
Expenses
$1.4M
FY2020
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
FY2025$3.5M
Net assets
$45K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$45K
FY2021$603K
FY2022$823K
FY2023$1.1M
FY2024$1.6M
FY2025$2.1M

From the FY2020 Form 990 (year ending July 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2014.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $1.1M Management & general 20% · $280K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
President
$0Pt VII · Sec A
Secretary &
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$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

NameFY2025FY2024FY2023FY2022
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 →

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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Your first name shows with your question. Minnesota Thunder Academy answers here, for everyone.

1 program · $1.1M · in their own filed words · FY2019
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 500 participants.

$1.1Mprogram 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 FY2020 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Fees for servicesLn 2g$1.5M
Gifts and grantsLn 1h$17K
Other incomeLn 4–11$15K
Money outPt IX
$1.4M
Ln 25
Programscol B$1.1M
Managementcol C$280K
Owns and owesPt X
$45K
net assets · Ln 32
Cash and savingsLn 1–2$404K
Total assetsLn 16$407K
LiabilitiesLn 26$362K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$17K
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$43
Other incomeLn 4–11$15K
Gains on assetsLn 7−$559
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$404K
Cash and savings togetherLn 1–2$404K
Total assetsLn 16$407K
LiabilitiesLn 26$362K
Net assetsLn 32$45K
OperationsPt I, VI
EmployeesI 584
VolunteersI 6500
Fiscal year endsHeaderJuly
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 FY20End FY20
Cash and savingsLn 1–2$21K$404K
Total assetsLn 16$38K$407K
LiabilitiesLn 26$143K$362K
Net assetsLn 32−$105K$45K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$670K$468K$201K
Payroll taxesLn 10$53K$41K$12K
Accounting feesLn 11c$24K$24K
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$47K$47K
OccupancyLn 16$490K$475K$15K
Depreciation, depletion and amortizationLn 22$279$279
InsuranceLn 23$15K$15K
Other expenses (24a–d)Ln 24$122K$122K
Total functional expensesLn 25$1.4M$1.1M$280K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 22, 2026 $4.1M$3.5M$558K$2.1M 990 PDF
FY2024Filed with the IRS Jun 16, 2025 $3.4M$2.9M$461K$1.6M 990 PDF
FY2023Filed with the IRS May 28, 2024 $2.5M$2.2M$269K$1.1M 990 PDF
FY2022Filed with the IRS Apr 17, 2023 $2.1M$1.9M$219K$823K 990 PDF
FY2021Filed with the IRS Jun 15, 2022 $2.1M$1.5M$558K$603K 990 PDF
FY2020 ViewingFiled with the IRS Jun 10, 2021 $1.6M$1.4M$150K$45K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $1,574,781 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $45,206$17,416
I-9 Program service revenuePrior year $1,741,466$1,542,607
I-10 Investment incomePrior year $21−$516
I-11 Other revenuePrior year $47,081$15,274
I-12 Total revenuePrior year $1,833,774$1,574,781
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $818,198$722,310
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $865,955$702,323
I-18 Total expensesPrior year $1,684,153$1,424,633
I-19 Revenue less expensesPrior year $149,621$150,148
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $1,574,781 across 7 lines filed
VIII-1f All other contributions, gifts and grants$17,416
VIII-1h Total contributions, gifts and grants$17,416
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,542,607$1,542,607
VIII-3 Investment incomeRelated to mission $43$43
VIII-7 Net gain or loss on sales of assetsRelated to mission −$559−$559
VIII-8 Net income from fundraising events$15,274
VIII-12 Total revenueRelated to mission $1,542,091$1,574,781
Part IX · Statement of functional expenses $1,424,633 across 9 lines filed
IX-7 Other salaries and wagesPrograms $468,371 · Management $201,272$669,643
IX-10 Payroll taxesPrograms $41,065 · Management $11,602$52,667
IX-11c Accounting feesPrograms $23,690$23,690
IX-12 Advertising and promotionManagement $5,271$5,271
IX-13 Office expensesManagement $46,679$46,679
IX-16 OccupancyPrograms $474,962 · Management $14,710$489,672
IX-22 Depreciation, depletion and amortizationPrograms $279$279
IX-23 InsurancePrograms $14,759$14,759
IX-24 Other expenses (24a–d)Programs $121,973$121,973
IX-25 Total functional expensesPrograms $1,145,099 · Management $279,534 · Fundraising $0$1,424,633
Part X · Balance sheet $406,779 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $21,466$403,749
X-4 Accounts receivableStart of year $10,683$3,030
X-16 Total assetsStart of year $38,020$406,779
X-17 Accounts payable and accrued expensesStart of year $81,839$48,521
X-19 Deferred revenueStart of year $61,052$171,381
X-24 Unsecured notes and loans payable$141,600
X-26 Total liabilitiesStart of year $142,891$361,502
X-27 Net assets without donor restrictionsStart of year −$104,871$45,277
X-32 Total net assets or fund balancesStart of year −$104,871$45,277
X-33 Total liabilities and net assetsStart of year $38,020$406,779
Part XI · Reconciliation of net assets $45,277 net assets at year end
XI-1 Total revenue$1,574,781
XI-2 Total expenses$1,424,633
XI-3 Revenue less expenses$150,148
XI-4 Net assets at start of year−$104,871
XI-10 Net assets at end of year$45,277

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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