Nonprofit · EIN 41-1779890
PRIOR LAKE WATER SKI ASSOCIATION
Tax-exempt · PRIOR LAKE, MN 55372
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $353,342 | $210,321 | $143,021 | $913,187 | $83,953 | $829,234 |
| December 31, 2023 | 990 | $257,713 | $246,793 | $10,920 | $812,656 | $126,443 | $686,213 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $215,040
- Program service revenue
- $94,875
- Investment income
- $42,427
- Net gain from sales of assets
- $14,500
- Net income from gaming
- $1,000
- Other revenue
- $1,000
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,500
- Depreciation
- $63,716
- Program services (functional)
- $209,356
- Management and general (functional)
- $965
Balance sheet and other
- Total assets, start of year
- $812,656
- Total assets, end of year
- $913,187
- Total liabilities, end of year
- $83,953
- Net assets, end of year
- $829,234
- Land, buildings and equipment
- $125,671
- Gross unrelated business income
- $1,000
- Gross receipts
- $6,738,822
- Employees
- 1
- Volunteers
- 170
- Year formed
- 1957
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIM FITZGIBBONS | PRESIDENT Trustee or director, Officer | 10 | $0 |
| PETE GLASHAGEL | SECRETARY Trustee or director, Officer | – | $0 |
| JEFF HUSS | TREASURER Trustee or director, Officer | – | $0 |
| KENT JOHNSON | FINANCE DIRE Trustee or director | – | $0 |
| STEVE MELCHER | QUARRY LAKE Trustee or director | – | $0 |
| DENISE HENNEN | SAFETY Trustee or director | – | $0 |
| ROCHELLE OSGAR | MARKETING Trustee or director | – | $0 |
| BRENT EDWARDSJULIE JAMES | SHOW DIRECTO Trustee or director | – | $0 |
| MIKE THIBAULT | MEMBERSHIP D Trustee or director | – | $0 |
| NICK BROWNPAUL MCGINTY | ADAPTIVE DIR Trustee or director | – | $0 |
| BRENNON O'CALLAGHANKENNY BERENS | MUCBP Trustee or director | – | $0 |
| JAKE ARTANG | JUNIOR DEVEL Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIM FITZGIBBONS | PRESIDENT Trustee or director, Officer | 10 | $0 |
| PETE GLASHAGEL | SECRETARY Trustee or director, Officer | – | $0 |
| JEFF HUSS | TREASURER Trustee or director, Officer | – | $0 |
| KENT JOHNSON | BOOKKEEPER Trustee or director | – | $0 |
| STEVE MELCHER | QUARRY LAKE Trustee or director | – | $0 |
| SCOTT WICK | SAFETY Trustee or director | – | $0 |
| MIKE THIBAULT | MARKETING Trustee or director | – | $0 |
| BRENT EDWARDS | SHOW DIRECTO Trustee or director | – | $0 |
| DENISE HENNEN | MEMBERSHIP D Trustee or director | – | $0 |
| NICK BROWN | ADAPTIVE DIR Trustee or director | – | $0 |
| BRENNON O'CALLAGHAN | MUCBP Trustee or director | – | $0 |
| LUCY KNEELEY | JUNIOR DEVEL Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 545, PRIOR LAKE, MN 55372-0545
- Principal officer (990 for 2024)
- TIM FITZGIBBONS, PO BOX 867, PRIOR LAKE, MN 553720867
- Signed the 990
- JEFF HUSS, TREASURER
- Phone
- (952) 457-2723
- Website
- TEAMSHOCKWAVES.COM
- Return prepared by
- BENNETT & COMPANY PC
Mission
TO PROMOTE AMATEUR WATER SKIING THROUGH WATER SKI EXHIBITIONS, TOURNAMENTS, AND TRAINING CLINICS AVAILABLE TO THE GENERAL PUBLIC.
Program accomplishments
- TO PROMOTE AMATEUR WATER SKIING THROUGH WATER SKI EXHIBITIONS, TOURNAMENTS, AND TRAINING CLINICS AVAILABLE TO THE GENERAL PUBLIC.Expenses $145,640
- TO PROMOTE AMATEUR WATER SKIING THROUGH WATER SKI EXHIBITIONS, TOURNAMENTS, AND TRAINING CLINICS AVAILABLE TO THE GENERAL PUBLIC.Expenses $63,716
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 41-1779890
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2005
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N68)
- Assets (IRS master file)
- $913,187
- Income (IRS master file)
- $6,738,822
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $353,342 | $210,321 | $913,187 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $257,713 | $246,793 | $812,656 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $320,625 | $133,224 | $761,966 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-EZ | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-1779890).
Questions about PRIOR LAKE WATER SKI ASSOCIATION
- What is the EIN of PRIOR LAKE WATER SKI ASSOCIATION?
- The employer identification number (EIN) of PRIOR LAKE WATER SKI ASSOCIATION is 41-1779890.
- Is PRIOR LAKE WATER SKI ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to PRIOR LAKE WATER SKI ASSOCIATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PRIOR LAKE WATER SKI ASSOCIATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PRIOR LAKE WATER SKI ASSOCIATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PRIOR LAKE WATER SKI ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PRIOR LAKE WATER SKI ASSOCIATION?
- The 990 for the year ended December 31, 2024 names TIM FITZGIBBONS.
- Who are the officers and directors of PRIOR LAKE WATER SKI ASSOCIATION?
- The 990 for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
- How much revenue does PRIOR LAKE WATER SKI ASSOCIATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $353,342, expenses of $210,321 and total assets of $913,187 at year end.
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All nonprofits in PRIOR LAKE · Minnesota · Recreation and sports