Flyer Athletic Boosters EIN 41-1850035 Form 990 (PDF) Claim this org

Flyer Athletic Boosters FY2023 filing

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Promotes quality youth fitness and athletic programs in the Little Falls community. For fiscal year 2023 it reported $47K in revenue, $50K in expenses, and $141K in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Little Falls, MN
Website
flyerathleticboosters.com
Filings
5 on file (2021–2023)
Revenue
$47KFY2023
Expenses
$50K
Net assets
$141K
People
15
Filings
5
Updates
0
More identity details & actions ⌄
EIN  41-1850035 Public foundation / grantmaker Little Falls, MN
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Size
<$100K
What they do
Promotes quality youth fitness and athletic programs in the Little Falls community.
Leadership
Doug Dahlberg · Gambling Man · $27K
Money in and out
$47K revenue, $50K expenses
Bottom line
100% program efficiency
Grants paid & assets · FY2023
Total revenue
$47K
Pt VIII · Ln 12
Total expenses
$50K
Pt IX · Ln 25
Net assets
$141K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$3K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs
Operating runway
33.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
-6%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$47K
FY2023▼ -20%
Expenses
$50K
FY2023▼ -11%
Total assets
$142K
FY2023▼ -2%
Total liabilities
$641
FY2023▼ -82%
Total revenue
$47K
Pt VIII · Ln 12
Total expenses
$50K
Pt IX · Ln 25
Net assets
$141K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$3K
Total assetsPt X · Ln 16$142K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 415

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFlyer Athletic Boosters
EINHdr · item D41-1850035
Principal addressHdr · item CLittle Falls, MN
WebsiteHdr · item Jflyerathleticboosters.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T20)
Ruling yearIRS BMFJun 1997

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a15
Independent voting membersPt VI · Ln 1b15
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Gambling Man
$27,283Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Molly Nelson’s $2K as Director is at the 6th percentile of top reported officer pay among 129 <$100K philanthropy & grantmaking 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 · 2 named individuals · Part VII

NameFY2025FY2023
Doug Dahlberg$27,283
Molly Nelson$1,500

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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Mission & Programs · Part III

Where the work happens

1 program service account for $50K of program spending, described in the organization's own filed words · FY2022.
01

Keep the community informed about deficiencies in exisiting athletic programs and continued to promote the need for change in policy through financial asstistance for promotional clothing, traveling teams, performance and recognition.

$50Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$71K · 150%
Program service revenue$6K · 12%
Investment income$970 · 2%
Contributions & grants150%$71K
Program service revenue12%$6K
Investment income2%$970
Total revenueLn 12$47K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$50K
Total functional expensesLn 25$50K

Balance Sheet

Part X · end of year
CashLn 1$139K
Total assetsLn 16$142K
Total liabilitiesLn 26$641
Total net assetsLn 32$141K
Months of cash on handcomputed33.4

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $139K · Operating expenses/yr $50K
33.4 months
Where the money goes
Program services
Program services $50K · Total expenses $50K
100%
Management & General
Management & general $0 · Total expenses $50K
0%
Fundraising
Fundraising $0 · Total expenses $50K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $34K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $71K · Total revenue $47K
150%
Government reliance
Government grants — · Total revenue $47K
Earned-income share
Program service revenue $6K · Total revenue $47K
12%
Investment reliance
Investment income $970 · Total revenue $47K
+2%
Program self-sufficiency
Program service revenue $6K · Total expenses $50K
12%
Growth & trend
Revenue growth (YoY)
This year $47K · Prior year $59K
-20%
Net-asset trend (YoY)
End of year $141K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $47K · Expenses $50K
-6%
Liabilities-to-Assets
Total liabilities — · Total assets $142K
Net-asset ratio
Net assets $141K · Total assets $142K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $142K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Doug Dahlberg · Reported title GAMBLING MAN · Highest reported compensation $27K · Total expenses $50K
55%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $50K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth -20%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$16
Grants paid · 5 grants · $108K · 2020–2024
Independent School District 482FY2024$19,566
Independent School District 482FY2023$8,109
Independent School District 482FY2021$45,035
City of Little FallsFY2020$28,500
Independent School District 482FY2020$7,102

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$56K revenue · ⤓ 990 PDF
FY2024$74K revenue · ⤓ 990 PDF
FY2023$47K revenue · viewing · ⤓ 990 PDF
FY2022$59K revenue · ⤓ 990 PDF
FY2021$61K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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