Rum River Bmx Association FY2024 filing

Tax-deductible

Isanti, MN501(c)(3)Since 2015Recreation & SportsEIN 41-1963085Revenue $698K in FY2024

On file with the IRSrumriverbmx.com101 Isanti Pkwy Nw, 55040-2204 · Isanti, MNTax-exempt since Jun 2000Publicly supported — 509(a)(2)

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Involving youth and adults for an educational and competitive program to all with good values and family preparations.

501(c)(3) charity; gifts are tax-deductible.
93¢ 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
6 of 7
filings with a surplus
Average surplus $73K a year · 14% of revenue · last 7 filings
Fine: a surplus in 6 of the last 7 filings.
Pt I · Ln 19 · 7 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 9.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $162
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$698K
+5% vs prior year
Spent
$542K
To programs
93%
Net assets
$657K
By yearFY2019–FY2025
Revenue
$698K
FY2024▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2019$369K
FY2020$336K
FY2021$470K
FY2022$512K
FY2023$665K
FY2024$698K
FY2025$617K
Expenses
$542K
FY2024▼ -1%
Tap a bar for its year
Expenses by fiscal year
FY2019$372K
FY2020$297K
FY2021$409K
FY2022$420K
FY2023$549K
FY2024$542K
FY2025$568K
Net assets
$657K
FY2024▲ +31%
Tap a bar for its year
Net assets by fiscal year
FY2019$169K
FY2020$220K
FY2021$304K
FY2022$385K
FY2023$501K
FY2024$657K
FY2025$660K

From the FY2024 Form 990 · see the original

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You’re viewing the FY2024 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 Jun 2000.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $502K Management & general 7% · $39K

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

12 people listed on the 990.

Part VII, Section A · reportable compensation
Registration Director
$0Pt VII · Sec A
Communications Director
$0Pt VII · Sec A
Track Operators
$0Pt VII · Sec A
Track Operators
$0Pt VII · Sec A
Maintenance Director
$0Pt VII · Sec A
Concessions Director
$0Pt VII · Sec A
Volunteer Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Rum River Bmx Association 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

Provides educational and competitive programs for youth and adults, fostering good values and family preparation.

Questions for Rum River Bmx Association

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Provided by the organization

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1 program · $502K · in their own filed words · FY2024
01

Involving youth and adults for an educational and competitive program to all with good values and family preparations.

$502Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$162

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$698K
Ln 12
Fees for servicesLn 2g$470K
Other incomeLn 4–11$166K
Gifts and grantsLn 1h$62K
Money outPt IX
$542K
Ln 25
Programscol B$502K
Managementcol C$39K
Owns and owesPt X
$657K
net assets · Ln 32
Cash and savingsLn 1–2$429K
Total assetsLn 16$657K
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$62K
Fees for servicesLn 2g$470K
Other incomeLn 4–11$166K
Total revenueLn 12$698K
Assets in detailPt X, end of year
CashLn 1$60K
SavingsLn 2$369K
Cash and savings togetherLn 1–2$429K
Land, buildings, equipmentLn 10c$228K
Total assetsLn 16$657K
LiabilitiesLn 26$0
Net assetsLn 32$657K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6100
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$288K$429K
Land, buildings, equipmentLn 10c$214K$228K
Total assetsLn 16$501K$657K
LiabilitiesLn 26$0$0
Net assetsLn 32$501K$657K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$500$500
Accounting feesLn 11c$1K$1K
Other fees for servicesLn 11g$69K$69K
Advertising and promotionLn 12$19K$19K
Office expensesLn 13$38K$38K
OccupancyLn 16$89K$89K
InterestLn 20$2K$2K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$137K$137K
All other expensesLn 24e$183K$183K
Total functional expensesLn 25$542K$502K$39K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $617K$568K$49K$660K 990 PDF
FY2024 Viewing $698K$542K$156K$657K 990 PDF
FY2023 $665K$549K$116K$501K 990 PDF
FY2022 $512K$420K$91K$385K 990 PDF
FY2021 $470K$409K$61K$304K 990 PDF
FY2020 $336K$297K$39K$220K 990 PDF
FY2019 $369K$372K−$4K$169K 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 $697,540 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $50,496$61,882
I-9 Program service revenuePrior year $542,180$469,938
I-10 Investment incomePrior year $4,748$0
I-11 Other revenuePrior year $67,359$165,720
I-12 Total revenuePrior year $664,783$697,540
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $548,693$541,793
I-18 Total expensesPrior year $548,693$541,793
I-19 Revenue less expensesPrior year $116,090$155,747
Part VI · Governance 11 of 11 board members independent, 4 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
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 $697,540 across 7 lines filed
Lines not itemized here account for $138,403 of total revenue; see the IRS return.
VIII-1b Membership dues$51,466
VIII-1f All other contributions, gifts and grants$10,416
VIII-1h Total contributions, gifts and grants$61,882
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $460,903$460,903
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $36,352$36,352
VIII-12 Total revenueRelated to mission $635,658 · Unrelated business $0 · Excluded from tax $0$697,540
Part IX · Statement of functional expenses $541,793 across 10 lines filed
IX-11b Legal feesManagement $500$500
IX-11c Accounting feesManagement $1,113$1,113
IX-11g Other fees for servicesPrograms $68,754$68,754
IX-12 Advertising and promotionPrograms $19,168$19,168
IX-13 Office expensesManagement $37,691$37,691
IX-16 OccupancyPrograms $88,635$88,635
IX-20 InterestPrograms $2,229$2,229
IX-23 InsurancePrograms $3,576$3,576
IX-24 Other expenses (24a–d)Programs $137,371$137,371
IX-24e All other expensesPrograms $182,756$182,756
IX-25 Total functional expensesPrograms $502,489 · Management $39,304 · Fundraising $0$541,793
Part X · Balance sheet $657,222 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $85,764$60,296
X-2 Savings and temporary cash investmentsStart of year $202,131$368,882
X-10c Land, buildings and equipment, netStart of year $213,580$228,044
X-16 Total assetsStart of year $501,475$657,222
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $501,475$657,222
X-33 Total liabilities and net assetsStart of year $501,475$657,222
Part XI · Reconciliation of net assets $657,222 net assets at year end
XI-1 Total revenue$697,540
XI-2 Total expenses$541,793
XI-3 Revenue less expenses$155,747
XI-4 Net assets at start of year$501,475
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$657,222

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

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