2025-06-16T12:34:11-05:00 2024-07-31 411360831 OLSEN THIELEN & CO LTD 2675 LONG LAKE ROAD ROSEVILLE MN 551131117 990 2023-08-01 263017116 MINNESOTA THUNDER ACADEMY MINN 7633340210 6600 NICOLLET AVE RICHFIELD MN 55423 ROB CAVERLY BOARD PRESIDENT 6127019069 2025-06-16 1 1 RYAN VETTRUS CPA P01243596 6514834521 2023 2025-03-06 01:10:19Z X ROB CAVERLY 6600 NICOLLET AVE RICHFIELD MN 55423 3361827 0 X MNTHUNDERACADEMY.ORG X 2008 MN THE MINNESOTA THUNDER ACADEMY IS A NON-PROFIT CORPORATION THAT PROMOTES THE GROWTH AND RAISING THE STANDARD OF YOUTH SOCCER IN THE STATE OF MINNESOTA AS WELL AS DEVELOPING SOCCER PLAYERS TO THE BEST OF THEIR ABILITY. 5 5 67 250 0 0 61208 117179 2377494 3183236 6778 20605 39297 32223 2484777 3353243 53767 39745 0 0 1002672 1246322 0 0 11894 1159087 1605967 2215526 2892034 269251 461209 2124907 2895638 1032947 1342469 1091960 1553169 THE MINNESOTA THUNDER ACADEMY IS A NON-PROFIT CORPORATION THAT PROMOTES THE GROWTH AND RAISING THE STANDARD OF YOUTH SOCCER IN THE STATE OF MINNESOTA AS WELL AS DEVELOPING SOCCER PLAYERS TO THE BEST OF THEIR ABILITY. 0 0 2354019 39745 3188911 THE MINNESOTA THUNDER ACADEMY PROMOTES, SPONSORS, ORGANIZES, AND ADMINISTERS SOCCER PROGRAMS - WHICH INCLUDE THE HIGHEST LEVELS OF PLAY, GUIDANCE, INSTRUCTION, AND COMPETITION, WITH THE EMPHASIS ON SKILL DEVELOPMENT, TEAMWORK, AND GOOD SPORTSMANSHIP FOR THE COMMITTED SOCCER PLAYER. THE ACADEMY HAS APPROXIMATELY 800 PARTICIPANTS. ACADEMY TEAMS COMPETE IN ELITE CLUBS NATIONAL LEAGUE (ECNL), MINNESOTA NATIONAL PREMIER LEAGUE (NPL) AND TWIN CITIES SOCCER LEAGUES (TCSL) AS WELL AS THE WOMEN'S PREMIER SOCCER LEAGUE (WPSL). 2354019 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 12 0 1 67 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 0 MN X THE ORGANIZATION 7633340210 6600 NICOLLET AVE RICHFIELD MN 55423 MAUREEN BRICK EXECUTIVE DIRECTOR 55.00 X 77300 0 0 ROB CAVERLY PRESIDENT 3.00 X X 0 0 0 KURT ISHAUG TREASURER 1.00 X X 0 0 0 ANDRES CABALLERO DIRECTOR 1.00 X 0 0 0 JASON TRUCANO DIRECTOR 1.00 X 0 0 0 JEFF WITTE DIRECTOR 1.00 X 0 0 0 77300 0 0 0 0 0 0 0 2500 114679 117179 REGISTRATION FEES 711210 2301245 2301245 FIELD SUBLEASE 711210 374280 374280 PROGRAMS 711210 352050 352050 GOTHIA CUP 711210 135127 135127 OPERATIONS REVENUE 711210 20534 20534 3183236 20605 20605 35132 2500 8584 26548 26548 OTHER REVENUE 900099 5675 5675 5675 3353243 3188911 0 47153 39745 39745 78637 55046 23591 1060585 768554 292031 16909 6849 10060 90191 65442 24749 15760 15760 33970 33970 76190 7840 68350 1575 1575 26150 26150 1094640 1094640 26776 26776 GOTHIA CUP EXPENSES 135129 135129 REFEREE EXPENSES 58096 58096 LEAGUE FEES 49159 49159 SPIRITWEAR EXPENSE 37404 37404 51118 20355 18869 11894 2892034 2354019 526121 11894 2114056 2814763 4650 68923 6201 11952 2124907 2895638 86845 144838 946102 1197631 1032947 1342469 X 1078410 1539874 13550 13295 1091960 1553169 2124907 2895638 461209 0 X X 0 1 X 1 0 X 17416 45463 33233 61208 117179 274499 1562924 2039694 2080976 2379473 3224043 11287110 1580340 2085157 2114209 2440681 3341222 11561609 0 0 0 11561609 90 124 6778 20605 27597 90 124 6778 20605 27597 1580340 2085247 2114333 2447459 3361827 11589206 0.99760 0.99930 0.00240 0.00070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 3322082 0 3322082 31161 31161 3353243 2860873 8584 8584 2852289 39745 39745 2892034 PART X, LINE 2: ASC 740 DISCLOSURE FROM AUDITED FINANCIAL STATEMENTS: THE ACADEMY IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE THEREFORE, THE STATEMENTS DO NOT INCLUDE A PROVISION FOR INCOME TAXES BUT IS SUBJECT TO INCOME TAX ON NET UNRELATED BUSINESS INCOME. THE ORGANIZATION HAD NO UNRELATED BUSINESS INCOME TAX DURING THE YEARS ENDED JULY 31, 2024 AND 2023. THE ACADEMY REVIEWS INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN INCOME TAX RETURNS TO DETERMINE IF THERE ARE ANY INCOME TAX UNCERTAINTIES. THIS INCLUDES POSITIONS THAT THE ENTITY IS EXEMPT FROM INCOME TAXES OR NOT SUBJECT TO INCOME TAXES ON UNRELATED BUSINESS INCOME. THE ACADEMY RECOGNIZES TAX BENEFITS FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES. THE ACADEMY HAS IDENTIFIED NO INCOME TAX UNCERTAINTIES. THE ACADEMY FILES INFORMATION RETURNS AS A TAX-EXEMPT ORGANIZATION. SHOULD THAT STATUS BE CHALLENGED IN THE FUTURE, ALL YEARS SINCE INCEPTION COULD BE SUBJECT TO REVIEW BY THE INTERNAL REVENUE SERVICE. PART XI, LINE 4B - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES -8,584. SCHOLARSHIPS NET AGAINST PROGRAM FEES ON AUDITED FINANCIAL STATEMENTS 39,745. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 8,584. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NET AGAINST PROGRAM FEES ON AUDITED FINANCIAL STATEMENTS 39,745. THUNDERPALOOZA 37632 2500 35132 5890 1851 843 37632 2500 35132 5890 1851 843 8584 26548 1 FINANCIAL AID 46 39745 PART I, LINE 2: THE ORGANIZATION PROVIDES FINANCIAL AID TO SOME PLAYERS. THEY MUST COMPLETE AN APPLICATION INCLUDING PROOF OF NEED TO QUALIFY. LAUREN WITTE DAUGHTER OF BOARD MEMBER 16006 COMPENSATION FROM ORGANIZATION 0 FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEES FORM 990, PART VI, SECTION B, LINE 11B A REVIEW OF THE FORM 990 WAS COMPLETED BY THE PRESIDENT, TREASURER AND EXECUTIVE DIRECTOR, WITH A COPY SENT TO ALL BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 15B ALL DIRECTORS, COACHES, AND ADMINISTRATOR POSITIONS ARE EMPLOYEES OF THE ASSOCIATION. COMPENSATION AMOUNTS ARE APPROVED BY THE EXECUTIVE DIRECTOR, AND BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 COPIES OF THE ORGANIZATION'S ANNUAL AUDITED FINANCIAL STATEMENTS WILL BE MADE AVAILABLE UPON REQUEST. THE ORGANIZATIONS GOVERNING DOCUMENTS ARE NOT OPEN TO THE PUBLIC. FORM 990, PART XI, LINE 2C THERE HAS BEEN NO CHANGE FROM THE PRIOR YEAR IN THE PROCESS RELATED TO THE OVERSIGHT OF THE AUDIT AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT.