Vasaloppet INC FY2021 filing

Tax-deductible

Mora, MN501(c)(3)Foundations & GrantmakersEIN 41-1286376Revenue $176K in FY2021

On file with the IRSvasaloppet.us100 Union St S, 55051-1541 · Mora, MNTax-exempt since Jun 1996Publicly supported — 509(a)(2)

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To promote a healthy and active outdoor lifestyle, including economic and social benefits, through cross country skiing and related programs for youth, families, and serious competitors.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
4 of 5
filings with a surplus
Average surplus $3K a year · 2% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 8.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$49K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$176K
Spent
$158K
To programs
98%
Net assets
$728K
By yearFY2021–FY2025
Revenue
$176K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$176K
FY2022$224K
FY2023$214K
FY2024$108K
FY2025$231K
Expenses
$158K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$158K
FY2022$220K
FY2023$209K
FY2024$182K
FY2025$168K
Net assets
$728K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$728K
FY2022$731K
FY2023$727K
FY2024$653K
FY2025$715K

From the FY2021 Form 990 (year ending April 2021) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1996.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $154K Management & general 2% · $4K

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

14 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
See Vasaloppet 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

Promotes healthy outdoor lifestyles through cross-country skiing programs for all ages.

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Provided by the organization

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3 programs · $154K · in their own filed words · FY2020
01

Organization of annual cross country ski race which includes a number of different race classes based on ski style, race length, and age of participants. Many other activities are available to get youth involved. Total race entries vary each year due to weather and snow conditions. Participation levels of 1000 are normal.

$127Kprogram expense
02

The organization encourages the interest in cross country skiing by working with the local school district and maintaining practice loops available to students and the general public. Many hours of volunteer labor go into maintaining these loops which are also used on race day.

$25Kprogram expense
03

The organization runs a ski for the cure event prior to race day. Proceeds from this event are donated towards the fight against cancer and to support those affected by cancer.

$2Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$8K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$176K
Ln 12
Gifts and grantsLn 1h$84K
Fees for servicesLn 2g$72K
Other incomeLn 4–11$20K
Money outPt IX
$158K
Ln 25
Programscol B$154K
Managementcol C$4K
Owns and owesPt X
$728K
net assets · Ln 32
Cash and savingsLn 1–2$113K
Total assetsLn 16$777K
LiabilitiesLn 26$49K
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$84K
Government grantsLn 1e$2K
Fundraising eventsLn 1c$15K
Fees for servicesLn 2g$72K
Investment incomeLn 3$9
Other incomeLn 4–11$20K
Total revenueLn 12$176K
Assets in detailPt X, end of year
CashLn 1$105K
SavingsLn 2$9K
Cash and savings togetherLn 1–2$113K
Land, buildings, equipmentLn 10c$654K
Total assetsLn 16$777K
LiabilitiesLn 26$49K
Net assetsLn 32$728K
OperationsPt I, VI
EmployeesI 52
VolunteersI 6350
Fiscal year endsHeaderApril
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 FY21End FY21
Cash and savingsLn 1–2$23K$113K
Land, buildings, equipmentLn 10c$681K$654K
Total assetsLn 16$717K$777K
LiabilitiesLn 26$7K$49K
Net assetsLn 32$710K$728K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$2K$2K
Other salaries and wagesLn 7$19K$17K$2K
Legal feesLn 11b$575$575
Advertising and promotionLn 12$6K$6K
Office expensesLn 13$5K$5K$274
OccupancyLn 16$12K$12K$465
Depreciation, depletion and amortizationLn 22$27K$27K
InsuranceLn 23$7K$7K$575
Other expenses (24a–d)Ln 24$78K$78K
Total functional expensesLn 25$158K$154K$4K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $231K$168K$62K$715K 990 PDF
FY2024 $108K$182K−$74K$653K 990 PDF
FY2023 $214K$209K$6K$727K 990 PDF
FY2022 $224K$220K$4K$731K 990 PDF
FY2021 Viewing $176K$158K$18K$728K 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 FY2021 990 (6 parts)
Part I · Summary $176,363 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $60,464$83,945
I-9 Program service revenuePrior year $91,304$71,943
I-10 Investment incomePrior year $34$9
I-11 Other revenuePrior year $42,700$20,466
I-12 Total revenuePrior year $194,502$176,363
I-13 Grants and similar amounts paidPrior year $1,200$1,800
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $11,142$19,219
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $197,952$137,363
I-18 Total expensesPrior year $210,294$158,382
I-19 Revenue less expensesPrior year −$15,792$17,981
Part VI · Governance 14 of 14 board members independent, 4 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
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 $176,363 across 9 lines filed
Lines not itemized here account for $480 of total revenue; see the IRS return.
VIII-1c Fundraising events$14,733
VIII-1e Government grants$2,100
VIII-1f All other contributions, gifts and grants$67,112
VIII-1h Total contributions, gifts and grants$83,945
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $71,943$71,943
VIII-3 Investment incomeRelated to mission $9$9
VIII-8 Net income from fundraising eventsUnrelated business $16,226$16,226
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,760$3,760
VIII-12 Total revenueRelated to mission $75,042 · Unrelated business $17,376$176,363
Part IX · Statement of functional expenses $158,382 across 9 lines filed
IX-2 Grants to domestic individualsPrograms $1,800$1,800
IX-7 Other salaries and wagesPrograms $17,149 · Management $2,070$19,219
IX-11b Legal feesManagement $575$575
IX-12 Advertising and promotionPrograms $6,087$6,087
IX-13 Office expensesPrograms $5,138 · Management $274$5,412
IX-16 OccupancyPrograms $11,779 · Management $465$12,244
IX-22 Depreciation, depletion and amortizationPrograms $27,436$27,436
IX-23 InsurancePrograms $6,582 · Management $575$7,157
IX-24 Other expenses (24a–d)Programs $78,452$78,452
IX-25 Total functional expensesPrograms $154,423 · Management $3,959 · Fundraising $0$158,382
Part X · Balance sheet $777,385 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $17,442$104,541
X-2 Savings and temporary cash investmentsStart of year $6,038$8,581
X-8 Inventories for sale or useStart of year $12,090$10,354
X-10c Land, buildings and equipment, netStart of year $681,342$653,909
X-16 Total assetsStart of year $716,912$777,385
X-19 Deferred revenueStart of year $6,930$15,316
X-25 Other liabilities$34,106
X-26 Total liabilitiesStart of year $6,930$49,422
X-27 Net assets without donor restrictionsStart of year $699,819$717,800
X-28 Net assets with donor restrictionsStart of year $10,163$10,163
X-32 Total net assets or fund balancesStart of year $709,982$727,963
X-33 Total liabilities and net assetsStart of year $716,912$777,385
Part XI · Reconciliation of net assets $727,963 net assets at year end
XI-1 Total revenue$176,363
XI-2 Total expenses$158,382
XI-3 Revenue less expenses$17,981
XI-4 Net assets at start of year$709,982
XI-10 Net assets at end of year$727,963

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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