Steele Development

Mankato, MNUnknown exempt organization EIN 83-2767956Revenue $249K in FY2025Latest return filed Apr 17, 2026

On file with the IRSMankato, MN

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To provide opportunity and mentoring of young athletes to pursue their goals of playing college athletics and obtaining higher education.

57¢ of each $1 spent went to programs.
Run by 8 volunteers and 4 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
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 $22K a year · 9% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
57%
of spending
Worth a look: 57% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$8K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$249K
+4% vs prior year
Spent
$109K
To programs
57%
Net assets
$0
By yearFY2020–FY2025
Revenue
$249K
FY2025▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$267K
FY2021$255K
FY2022$228K
FY2023$345K
FY2024$239K
FY2025$249K
Expenses
$109K
FY2025▼ -55%
Tap a bar for its year
Expenses by fiscal year
FY2020$257K
FY2021$248K
FY2022$330K
FY2023$264K
FY2024$240K
FY2025$109K
Net assets
$0
FY2025▲ +100%
Tap a bar for its year
Net assets by fiscal year
FY2020−$126K
FY2021−$119K
FY2022−$221K
FY2023−$139K
FY2024−$140K
FY2025$0

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

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

Where the money goes

57 cents of each dollar spent went to programs.

Program services 57% · $62K Management & general 43% · $47K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

6 people listed on the 990; $8K paid to officers and key staff.

Part VII, Section A · reportable compensation
Board Member/Head Coach
$7,962Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Nick Adamek$7,962$34,500$34,500$34,500$31,846$36,425
Wilson Anderle—$15,500$16,500$16,500——
Sebastian Vokon————$4,800$7,200
Eric Hoffman—————$4,154

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.

See Steele Development executive salaries →

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

Mentors young athletes to achieve college sports and education goals.

Questions for Steele Development

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1 program · $62K · in their own filed words · FY2025
01

Provided an organized hockey team, coaching, and overall program for 25-30 players ages 16-20 years of age. Provided college visits, mentoring, volunteer hours to the community, while also focusing on college opportunities for aging players to apply for.

$62Kprogram expense

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$249K
Ln 12
Gifts and grantsLn 1h$226K
Fees for servicesLn 2g$23K
Money outPt IX
$109K
Ln 25
Programscol B$62K
Managementcol C$47K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$226K
Fees for servicesLn 2g$23K
Total revenueLn 12$249K
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 54
VolunteersI 68
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 FY25End FY25
Cash and savingsLn 1–2$22K$0
InvestmentsLn 11–13$4K$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$75K$0
LiabilitiesLn 26$216K$0
Net assetsLn 32−$140K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$8K$8K
Other salaries and wagesLn 7$5K$3K$1K
Payroll taxesLn 10$1K$1K$112
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$7K$7K
Other fees for servicesLn 11g$14K$14K
Advertising and promotionLn 12$58$58
Office expensesLn 13$920$920
TravelLn 17$20K$20K
Conferences, conventions and meetingsLn 19$270$270
InterestLn 20$876$876
Other expenses (24a–d)Ln 24$48K$15K$32K
All other expensesLn 24e$126$126
Total functional expensesLn 25$109K$62K$47K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Apr 17, 2026 $249K$109K$140K$0 990 PDF
FY2024Filed with the IRS Sep 17, 2025 $239K$240K−$1K−$140K 990 PDF
FY2023Filed with the IRS Aug 26, 2024 $345K$264K$82K−$139K 990 PDF
FY2022Filed with the IRS Oct 26, 2023 $228K$330K−$102K−$221K 990 PDF
FY2021Filed with the IRS Jul 18, 2022 $255K$248K$7K−$119K 990 PDF
FY2020Filed with the IRS Nov 2, 2021 $267K$257K$9K−$126K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $249,176 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $16,895$226,226
I-9 Program service revenuePrior year $224,540$22,950
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year −$2,456$0
I-12 Total revenuePrior year $238,979$249,176
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 $57,932$13,705
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $182,144$95,174
I-18 Total expensesPrior year $240,076$108,879
I-19 Revenue less expensesPrior year −$1,097$140,297
Part VI · Governance 5 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members5
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 $249,176 across 4 lines filed
VIII-1f All other contributions, gifts and grants$226,226
VIII-1h Total contributions, gifts and grants$226,226
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $22,950$22,950
VIII-12 Total revenueRelated to mission $22,950 · Unrelated business $0 · Excluded from tax $0$249,176
Part IX · Statement of functional expenses $108,879 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $7,962$7,962
IX-7 Other salaries and wagesPrograms $3,366 · Management $1,259$4,625
IX-10 Payroll taxesPrograms $1,006 · Management $112$1,118
IX-11b Legal feesManagement $4,250$4,250
IX-11c Accounting feesManagement $7,340$7,340
IX-11g Other fees for servicesPrograms $14,111$14,111
IX-12 Advertising and promotionPrograms $58$58
IX-13 Office expensesManagement $920$920
IX-17 TravelPrograms $19,631$19,631
IX-19 Conferences, conventions and meetingsPrograms $270$270
IX-20 InterestManagement $876$876
IX-24 Other expenses (24a–d)Programs $15,100 · Management $32,492$47,592
IX-24e All other expensesPrograms $126$126
IX-25 Total functional expensesPrograms $61,630 · Management $47,249 · Fundraising $0$108,879
Part X · Balance sheet $0 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $22,078$0
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $49,549$0
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $3,700$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $75,327$0
X-17 Accounts payable and accrued expensesStart of year $187,483$0
X-24 Unsecured notes and loans payableStart of year $28,141$0
X-26 Total liabilitiesStart of year $215,624$0
X-27 Net assets without donor restrictionsStart of year −$140,297$0
X-32 Total net assets or fund balancesStart of year −$140,297$0
X-33 Total liabilities and net assetsStart of year $75,327$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$249,176
XI-2 Total expenses$108,879
XI-3 Revenue less expenses$140,297
XI-4 Net assets at start of year−$140,297
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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