Steele Development FY2020 filing

Mankato, MNUnknown exempt organization EIN 83-2767956Revenue $267K in FY2020Latest 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.

96¢ of each $1 spent went to programs.
$48K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$48K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $4K in investments, Pt X · Ln 11–13
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$187K
306% of total assets
Concern: liabilities are 306% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 6 voting members
Looks good: 4 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
$267K
Spent
$257K
To programs
96%
Net assets
−$126K
By yearFY2020–FY2025
Revenue
$267K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$267K
FY2021$255K
FY2022$228K
FY2023$345K
FY2024$239K
FY2025$249K
Expenses
$257K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$257K
FY2021$248K
FY2022$330K
FY2023$264K
FY2024$240K
FY2025$109K
Net assets
−$126K
FY2020
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 FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 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 Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $248K Management & general 4% · $10K

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

6 people listed on the 990; $48K paid to officers and key staff.

Part VII, Section A · reportable compensation
Board Member
$36,425Pt VII · Sec A
Board Member
$7,200Pt VII · Sec A
Board Member
$4,154Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$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.

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1 program · $248K · in their own filed words · FY2020
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.

$248Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$267K
Ln 12
Fees for servicesLn 2g$256K
Gifts and grantsLn 1h$11K
Money outPt IX
$257K
Ln 25
Programscol B$248K
Managementcol C$10K
Owns and owesPt X
−$126K
net assets · Ln 32
Cash and savingsLn 1–2$800
Total assetsLn 16$61K
LiabilitiesLn 26$187K
PeoplePt VI, VII
6
listed · VII A
PaidVII A3
Voting boardVI 1a6
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$11K
Noncash giftsLn 1g$6K
Fees for servicesLn 2g$256K
Total revenueLn 12$267K
Assets in detailPt X, end of year
CashLn 1$800
Cash and savings togetherLn 1–2$800
Accounts receivableLn 4$56K
InvestmentsLn 11–13$4K
Total assetsLn 16$61K
LiabilitiesLn 26$187K
Net assetsLn 32−$126K
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 FY20End FY20
Cash and savingsLn 1–2$9K$800
InvestmentsLn 11–13$4K$4K
Total assetsLn 16$40K$61K
LiabilitiesLn 26$175K$187K
Net assetsLn 32−$135K−$126K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$48K$43K$5K
Other salaries and wagesLn 7$10K$9K$1K
Payroll taxesLn 10$5K$5K$523
Accounting feesLn 11c$827$827
Other fees for servicesLn 11g$14K$14K
Advertising and promotionLn 12$600$600
Office expensesLn 13$1K$1K
OccupancyLn 16$8K$8K
TravelLn 17$60K$60K
InterestLn 20$910$910
Other expenses (24a–d)Ln 24$90K$90K
All other expensesLn 24e$19K$19K$412
Total functional expensesLn 25$257K$248K$10K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled 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
FY2020 ViewingFiled 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 FY2020 990 (6 parts)
Part I · Summary $266,540 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $19,800$10,756
I-9 Program service revenuePrior year $148,494$255,784
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $7,182$0
I-12 Total revenuePrior year $175,476$266,540
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 $45,983$63,267
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $219,083$194,115
I-18 Total expensesPrior year $265,066$257,382
I-19 Revenue less expensesPrior year −$89,590$9,158
Part VI · Governance 4 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members4
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 $266,540 across 5 lines filed
VIII-1f All other contributions, gifts and grants$10,756
VIII-1g Noncash contributions (included above)$5,756
VIII-1h Total contributions, gifts and grants$10,756
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $255,784$255,784
VIII-12 Total revenueRelated to mission $255,784 · Unrelated business $0 · Excluded from tax $0$266,540
Part IX · Statement of functional expenses $257,382 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $43,001 · Management $4,778$47,779
IX-7 Other salaries and wagesPrograms $9,230 · Management $1,025$10,255
IX-10 Payroll taxesPrograms $4,710 · Management $523$5,233
IX-11c Accounting feesManagement $827$827
IX-11g Other fees for servicesPrograms $13,537$13,537
IX-12 Advertising and promotionPrograms $600$600
IX-13 Office expensesManagement $1,248$1,248
IX-16 OccupancyPrograms $7,729$7,729
IX-17 TravelPrograms $60,122$60,122
IX-20 InterestManagement $910$910
IX-24 Other expenses (24a–d)Programs $89,835$89,835
IX-24e All other expensesPrograms $18,895 · Management $412$19,307
IX-25 Total functional expensesPrograms $247,659 · Management $9,723 · Fundraising $0$257,382
Part X · Balance sheet $60,950 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $9,120$800
X-4 Accounts receivableStart of year $27,412$56,450
X-11 Publicly traded securitiesStart of year $3,700$3,700
X-16 Total assetsStart of year $40,232$60,950
X-17 Accounts payable and accrued expensesStart of year $135,061$146,621
X-24 Unsecured notes and loans payableStart of year $40,000$40,000
X-26 Total liabilitiesStart of year $175,061$186,621
X-27 Net assets without donor restrictionsStart of year −$134,829−$125,671
X-32 Total net assets or fund balancesStart of year −$134,829−$125,671
X-33 Total liabilities and net assetsStart of year $40,232$60,950
Part XI · Reconciliation of net assets −$125,671 net assets at year end
XI-1 Total revenue$266,540
XI-2 Total expenses$257,382
XI-3 Revenue less expenses$9,158
XI-4 Net assets at start of year−$134,829
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$125,671

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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