2026-05-22T07:46:52-05:00 2025-07-31 411360831 OLSEN THIELEN & CO LTD 2675 LONG LAKE ROAD ROSEVILLE MN 551131117 990 2024-08-01 263017116 MINNESOTA THUNDER ACADEMY MINN 7633340210 6600 NICOLLET AVE RICHFIELD MN 55423 KURT ISHAUG BOARD TREASURER 7633340210 2026-05-19 1 0 RYAN VETTRUS CPA P01243596 6514834521 2026-05-19 2024 2025-03-06 01:10:19Z ROB CAVERLY 6600 NICOLLET AVE RICHFIELD MN 55423 4118673 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 84 500 0 0 117179 120187 3183236 3882711 20605 61614 32223 41868 3353243 4106380 39745 57628 0 0 1246322 1569145 0 0 9784 1605967 1921514 2892034 3548287 461209 558093 2895638 3564496 1342469 1453234 1553169 2111262 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 2972960 57628 3882663 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 850 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). 2972960 1 1 0 0 0 0 0 0 0 0 1 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 10 0 1 84 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 JEFF WITTE DIRECTOR 1.00 X 0 0 0 JASON TRUCANO DIRECTOR 1.00 X 0 0 0 ANDRES CABALLERO DIRECTOR 1.00 X 0 0 0 KURT ISHAUG TREASURER 1.00 X X 0 0 0 ROB CAVERLY PRESIDENT 3.00 X X 0 0 0 MAUREEN BRICK FINANCE DIRECTOR 50.00 X 78736 0 0 ADAM PRIBYL EXECUTIVE DIRECTOR 50.00 X 25000 0 0 MATTHEW VANBENSCHOTEN JUNIORS DIRECTOR 1.00 X 106118 0 0 209854 0 0 1 0 0 0 0 14761 105426 120187 REGISTRATION FEES 711210 2819254 2819254 PROGRAMS 711210 452628 452628 FIELD SUBLEASE 711210 381626 381626 GOTHIA CUP 711210 194835 194835 OPERATIONS REVENUE 711210 34368 34368 3882711 61614 61614 48584 14761 12293 36291 36291 OTHER REVENUE 900099 5577 5577 5577 4106380 3888288 0 97905 57628 57628 168544 117981 50563 1254803 947086 307717 29163 13833 15330 116635 86711 29924 34650 34650 89519 82677 6842 24624 20002 4622 3733 1867 1866 1266267 1266267 41038 41038 GOTHIA CUP EXPENSES 194835 194835 LEAGUE FEES 69603 69603 REFEREE EXPENSES 68437 68437 SPIRITWEAR EXPENSE 52615 52615 76193 46033 20376 9784 3548287 2972960 565543 9784 2814763 560099 2975189 68923 21268 11952 2750 5190 0 0 5190 2895638 3564496 144838 116565 1197631 1336669 1342469 1453234 X 1539874 2099452 13295 11810 1553169 2111262 2895638 3564496 558093 0 X X 0 0 0 X 45463 33233 61208 117179 120187 377270 2039694 2080976 2379473 3224043 3936872 13661058 2085157 2114209 2440681 3341222 4057059 14038328 0 0 0 14038328 90 124 6778 20605 61614 89211 90 124 6778 20605 61614 89211 2085247 2114333 2447459 3361827 4118673 14127539 0.99370 0.99760 0.00630 0.00240 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5190 5190 5190 X 4061045 0 4061045 45335 45335 4106380 3502952 12293 12293 3490659 57628 57628 3548287 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 ACADEMY HAD NO UNRELATED BUSINESS INCOME TAX DURING THE YEARS ENDED JULY 31, 2025 AND 2024. 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 -12,293. SCHOLARSHIPS NET AGAINST PROGRAM FEES ON AUDITED FINANCIAL STATEMENTS 57,628. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING EXPENSES 12,293. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS NET AGAINST PROGRAM FEES ON AUDITED FINANCIAL STATEMENTS 57,628. THUNDERPALOOZA 60299 11715 48584 10319 1954 BAKE SALE 3046 3046 20 63345 14761 48584 10319 1974 12293 36291 1 FINANCIAL AID 65 57628 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 21169 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 WILL BE COMPLETED BY THE PRESIDENT, TREASURER, EXECUTIVE DIRECTOR AND FINANCE 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.