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Hanover Athletic Association INC

Tax-deductible

Hanover, MN501(c)(3)Recreation & SportsEIN 41-1496335Revenue $99K in FY2024

On file with the IRSPo Box 128, 55341-0128 · Hanover, MNTax-exempt since Oct 1997Publicly supported — 509(a)(2)

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The organizations mission is to provide youth activities and maintain facilities for youth activities.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Run by 20 volunteers and 24 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
3 of 5
filings with a surplus
Average surplus $16K a year · 24% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
71 mo
of spending, in cash
Looks good: 71.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$79K
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$99K
+90% vs prior year
Spent
$65K
To programs
95%
Net assets
$408K
By yearFY2020–FY2024
Revenue
$99K
FY2024▲ +90%
Tap a bar for its year
Revenue by fiscal year
FY2020$73K
FY2021$94K
FY2022$17K
FY2023$52K
FY2024$99K
Expenses
$65K
FY2024▲ +23%
Tap a bar for its year
Expenses by fiscal year
FY2020$41K
FY2021$44K
FY2022$52K
FY2023$53K
FY2024$65K
Net assets
$408K
FY2024▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$358K
FY2021$408K
FY2022$373K
FY2023$373K
FY2024$408K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1997.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $61K Management & general 5% · $3K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Stan Kolasa
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Bill Rosso
Vice President
$0Pt VII · Sec A
Derek Rosso
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Hanover Athletic Association 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

Offers youth activities and maintains facilities for them.

Questions for Hanover Athletic Association INC

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Provided by the organization

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1 program · $61K · in their own filed words · FY2024
01

Maintain and operate local park, including softball fields, playground equipment and skating rink.

$61Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $8K · 2022–2022
City of HanoverFY2022$7,500

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$99K
Ln 12
Gifts and grantsLn 1h$64K
Other incomeLn 4–11$35K
Investment incomeLn 3$443
Money outPt IX
$65K
Ln 25
Programscol B$61K
Managementcol C$3K
Owns and owesPt X
$408K
net assets · Ln 32
Cash and savingsLn 1–2$385K
Total assetsLn 16$487K
LiabilitiesLn 26$79K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$64K
Investment incomeLn 3$443
Other incomeLn 4–11$35K
Total revenueLn 12$99K
Assets in detailPt X, end of year
CashLn 1$14K
SavingsLn 2$370K
Cash and savings togetherLn 1–2$385K
Land, buildings, equipmentLn 10c$102K
Total assetsLn 16$487K
LiabilitiesLn 26$79K
Net assetsLn 32$408K
OperationsPt I, VI
EmployeesI 524
VolunteersI 620
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$342K$385K
Land, buildings, equipmentLn 10c$112K$102K
Total assetsLn 16$458K$487K
LiabilitiesLn 26$85K$79K
Net assetsLn 32$373K$408K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$35$35
Office expensesLn 13$5K$2K$3K
Depreciation, depletion and amortizationLn 22$10K$10K
InsuranceLn 23$14K$14K
Other expenses (24a–d)Ln 24$36K$36K
Total functional expensesLn 25$65K$61K$3K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $99K$65K$35K$408K 990 PDF
FY2023 $52K$53K−$482$373K 990 PDF
FY2022 $17K$52K−$35K$373K 990 PDF
FY2021 $94K$44K$51K$408K 990 PDF
FY2020 $73K$41K$32K$358K 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 $99,337 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $40,400$64,150
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $406$443
I-11 Other revenuePrior year $11,408$34,744
I-12 Total revenuePrior year $52,214$99,337
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $52,696$64,606
I-18 Total expensesPrior year $52,696$64,606
I-19 Revenue less expensesPrior year −$482$34,731
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $99,337 across 5 lines filed
Lines not itemized here account for $34,744 of total revenue; see the IRS return.
VIII-1b Membership dues$540
VIII-1d Related organizations$63,610
VIII-1h Total contributions, gifts and grants$64,150
VIII-3 Investment incomeExcluded from tax $443$443
VIII-12 Total revenueRelated to mission $0 · Unrelated business $26,717 · Excluded from tax $8,470$99,337
Part IX · Statement of functional expenses $64,606 across 5 lines filed
IX-11g Other fees for servicesManagement $35$35
IX-13 Office expensesPrograms $1,886 · Management $3,074$4,960
IX-22 Depreciation, depletion and amortizationPrograms $9,562$9,562
IX-23 InsurancePrograms $13,884$13,884
IX-24 Other expenses (24a–d)Programs $36,165$36,165
IX-25 Total functional expensesPrograms $61,497 · Management $3,109 · Fundraising $0$64,606
Part X · Balance sheet $486,733 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $34,171$14,077
X-2 Savings and temporary cash investmentsStart of year $307,967$370,500
X-10c Land, buildings and equipment, netStart of year $111,718$102,156
X-16 Total assetsStart of year $457,557$486,733
X-17 Accounts payable and accrued expensesStart of year $84,750$79,195
X-26 Total liabilitiesStart of year $84,750$79,195
X-32 Total net assets or fund balancesStart of year $372,807$407,538
X-33 Total liabilities and net assetsStart of year $457,557$486,733
Part XI · Reconciliation of net assets $407,538 net assets at year end
XI-1 Total revenue$99,337
XI-2 Total expenses$64,606
XI-3 Revenue less expenses$34,731
XI-4 Net assets at start of year$372,807
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$407,538

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

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