Ripple INC FY2024 filing

Tax-deductible

Hopkins, MN501(c)(3)Since 1990Recreation & SportsEIN 41-1657782Revenue $679K in FY2024

On file with the IRShurricanesmn.comPo Box 552, 55343-0552 · Hopkins, MNTax-exempt since Feb 1995Publicly supported — 509(a)(2)

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Promote an interest in competitive swimming; to develop the fullest potentail of the swimmer, and to encourage good sportsmanship, enjoyment, individual integrity, self-discpline and team play.

501(c)(3) charity; gifts are tax-deductible.
100¢ 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
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 6
filings with a surplus
Average surplus $9K a year · 1% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$7K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
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
$679K
+6% vs prior year
Spent
$772K
To programs
100%
Net assets
$207K
By yearFY2020–FY2025
Revenue
$679K
FY2024▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$450K
FY2021$486K
FY2022$748K
FY2023$642K
FY2024$679K
FY2025$733K
Expenses
$772K
FY2024▲ +25%
Tap a bar for its year
Expenses by fiscal year
FY2020$428K
FY2021$471K
FY2022$627K
FY2023$619K
FY2024$772K
FY2025$767K
Net assets
$207K
FY2024▼ -31%
Tap a bar for its year
Net assets by fiscal year
FY2020$121K
FY2021$156K
FY2022$276K
FY2023$300K
FY2024$207K
FY2025$173K

From the FY2024 Form 990 (year ending August 2024) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1995.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $772K

Form 990 Part IX, line 25. 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 (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$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

Julie Stone’s $60K as Head Coach is at the 69th percentile of top reported officer pay among 1017 $100K–1M 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 · 1 named individual · Part VII

NameFY2022FY2021FY2020
Julie Stone$59,861$58,000$60,000

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.

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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 15aYes

Programs and updates

Ripple INC is a recreation and sports nonprofit based in Hopkins, MN, formed in 1990.

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Provided by the organization

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1 program · $772K · in their own filed words · FY2023
01

The hurricanes annually provides competitive swimming instructions and opportunities direclty to 250 swimmers, ages 5 -18, and to over 1200 swimmers through hosted meet events.

$772Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$679K
Ln 12
Fees for servicesLn 2g$628K
Other incomeLn 4–11$44K
Gifts and grantsLn 1h$7K
Money outPt IX
$772K
Ln 25
Programscol B$772K
Owns and owesPt X
$207K
net assets · Ln 32
Cash and savingsLn 1–2$214K
Total assetsLn 16$214K
LiabilitiesLn 26$7K
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$7K
Fees for servicesLn 2g$628K
Investment incomeLn 3$317
Other incomeLn 4–11$44K
Total revenueLn 12$679K
Assets in detailPt X, end of year
CashLn 1$83K
SavingsLn 2$131K
Cash and savings togetherLn 1–2$214K
Total assetsLn 16$214K
LiabilitiesLn 26$7K
Net assetsLn 32$207K
OperationsPt I, VI
EmployeesI 524
VolunteersI 6400
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$306K$214K
Total assetsLn 16$306K$214K
LiabilitiesLn 26$6K$7K
Net assetsLn 32$300K$207K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$385K$385K
Payroll taxesLn 10$36K$36K
Accounting feesLn 11c$25K$25K
Other fees for servicesLn 11g$8K$8K
Advertising and promotionLn 12$44$44
Office expensesLn 13$4K$4K
OccupancyLn 16$57K$57K
TravelLn 17$50K$50K
Other expenses (24a–d)Ln 24$206K$206K
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$772K$772K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $733K$767K−$34K$173K 990 PDF
FY2024 Viewing $679K$772K−$93K$207K 990 PDF
FY2023 $642K$619K$23K$300K 990 PDF
FY2022 $748K$627K$121K$276K 990 PDF
FY2021 $486K$471K$15K$156K 990 PDF
FY2020 $450K$428K$22K$121K 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 $678,963 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,842$6,600
I-9 Program service revenuePrior year $566,303$628,448
I-10 Investment incomePrior year $673$317
I-11 Other revenuePrior year $73,565$43,598
I-12 Total revenuePrior year $642,383$678,963
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 $370,163$420,960
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $248,808$350,986
I-18 Total expensesPrior year $618,971$771,946
I-19 Revenue less expensesPrior year $23,412−$92,983
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $678,963 across 6 lines filed
VIII-1f All other contributions, gifts and grants$6,600
VIII-1h Total contributions, gifts and grants$6,600
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $628,448$628,448
VIII-3 Investment incomeRelated to mission $317$317
VIII-8 Net income from fundraising eventsExcluded from tax $43,598$43,598
VIII-12 Total revenueRelated to mission $628,765 · Unrelated business $0 · Excluded from tax $43,598$678,963
Part IX · Statement of functional expenses $771,946 across 10 lines filed
IX-7 Other salaries and wagesPrograms $385,261$385,261
IX-10 Payroll taxesPrograms $35,699$35,699
IX-11c Accounting feesPrograms $24,512$24,512
IX-11g Other fees for servicesPrograms $8,355$8,355
IX-12 Advertising and promotionPrograms $44$44
IX-13 Office expensesPrograms $4,021$4,021
IX-16 OccupancyPrograms $56,716$56,716
IX-17 TravelPrograms $49,815$49,815
IX-24 Other expenses (24a–d)Programs $206,284$206,284
IX-24e All other expensesPrograms $1,239$1,239
IX-25 Total functional expensesPrograms $771,946 · Management $0 · Fundraising $0$771,946
Part X · Balance sheet $213,845 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $114,453$83,081
X-2 Savings and temporary cash investmentsStart of year $191,424$130,764
X-16 Total assetsStart of year $305,877$213,845
X-17 Accounts payable and accrued expensesStart of year $6,205$7,156
X-26 Total liabilitiesStart of year $6,205$7,156
X-27 Net assets without donor restrictionsStart of year $299,672$206,689
X-32 Total net assets or fund balancesStart of year $299,672$206,689
X-33 Total liabilities and net assetsStart of year $305,877$213,845
Part XI · Reconciliation of net assets $206,689 net assets at year end
XI-1 Total revenue$678,963
XI-2 Total expenses$771,946
XI-3 Revenue less expenses−$92,983
XI-4 Net assets at start of year$299,672
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$206,689

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

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