2024-10-09T10:59:03-07:00 2023-12-31 271375413 BWK Rogers PC 431 South 7th Street Suite 2424 Minneapolis MN 55415 990 2023-08-01 932899435 V3 FOUNDATION V3FO 8338377678 701 Plymouth Avenue North Minneapolis MN 554114247 Jacquie Strebe Treasurer 8338377678 2024-10-07 1 1 Melissa J Baraibar P02464922 6123325446 2024-10-04 2023 2024-10-15 13:58:12Z X Kyle Walton 701 Plymouth Avenue North Minneapolis MN 554114247 12958775 0 X X 2023 MN V3 Foundation serves as a supporting organization for the benefit of V3 Sports, Inc. 5 3 0 5 0 0 12958775 0 0 0 0 12958775 0 0 0 0 0 99 0 99 0 12958676 0 18780093 0 5821417 0 12958676 V3 Foundation serves as a supporting organization for the benefit of V3 Sports, Inc. 0 0 0 0 0 The V3 Foundation helped V3 Sports generate construction funding through a New Market Tax Credit program. 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 3 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 MN X The Organization 8338377678 701 Plymouth Avenue North Minneapolis MN 554114247 Malik Rucker Secretary 2 40 X X 0 98077 0 Jacquie Strebe Treasurer 2 40 X X 0 60769 0 PJ Hill Director 1 0 X 0 0 0 Bianca Dawkins Director 1 0 X 0 0 0 Kyle Walton President/Executive Director 2 0.00 X X 0 0 0 0 158846 0 0 0 0 0 0 0 0 0 12958775 0 0 12958775 12958775 0 0 0 0 0 0 0 12958775 0 0 0 99 99 99 0 99 0 240332 18539761 0 18780093 1417 5820000 0 0 5821417 X 0 12958676 0 0 0 12958676 0 18780093 12958676 0 0 0 0 0 X 0 1 X 1 0 X X X 1 V3 Sports Inc 474208106 10 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Schedule A, Part IV, Section B, Line 1 Two of the five board members are employed by V3 Sports Inc. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Construction in Progress 18539761 18539761 0 0 X 12958775 0 0 0 0 0 12958775 0 0 0 12958775 99 0 0 0 0 0 99 0 0 0 99 Schedule D, Part X, Line 2 The Organization's activities are generally exempt from federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code. Since the Organization is exempt from federal and state income tax liability, no provision is made for current or deferred income tax expense. The Organization is not a private foundation. Management has determined that the Organization is not subject to unrelated business income tax. Management is not aware of any transactions that would impact the Organization's taxexempt status. The Organization follows the guidance of the Accounting Standard Codification (ASC) 740, Accounting for Income Taxes, related to uncertainties in income taxes, which prescribes a threshold of more likely than not for recognition and derecognition of positions taken or expected to be taken in a tax return. For the five-month period ended December 31, 2023, management of the Organization is not aware of any material uncertain tax positions.All tax-exempt entities are subject to review and audit by federal, state and other applicable agencies. Such agencies may review the taxability of unrelated business income, or the qualification of the tax-exempt entity under the Internal Revenue Code and applicable state statutes. For federal tax purposes, the tax returns remain open for possible examination for a period of three years after the respective filing deadlines of those returns. X 1 12958775 Cost 1 0 0 0 Form 990, Part VI, Section A, Line 8a There have been no Board or committee meetings, so there have been no minutes taken. Form 990, Part VI, Section A, Line 8b There have been no Board or committee meetings, so there have been no minutes taken. Form 990, Part VI, Section B, Line 11b The Board of Directors reviews and approves the Form 990. Form 990, Part VI, Section C, Line 19 The Organization makes it governing documents, conflict of interest policy, and financial statements available upon request at the Organization's address. V3 Sports Inc 701 Plymouth Ave N Minneapolis MN 55411 434208106 Health and Wellness MN 501(c)(3) Line 10 N/A 0 0 1 0 1 0 0 1 0 0 1 0 0 1 1 0 0 0 0 V3 Sports Inc c 12958775 Value of construction in progress. V3 Sports Inc h 5580986 Construction in progress cost. V3 Sports Inc e 5820000 Cash