Nonprofit · EIN 47-4208106
V3 SPORTS INC
Tax-exempt · MINNEAPOLIS, MN 55411
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,706,548 | $10,389,238 | -$7,682,690 | $22,537,987 | $5,183,293 | $17,354,694 |
| December 31, 2023 | 990 | $23,186,711 | $14,480,727 | $8,705,984 | $27,898,282 | $2,849,760 | $25,048,522 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,298,362
- Membership dues
- $181,198
- Program service revenue
- $110,007
- Investment income
- $279,654
- Net rental income
- $18,525
- Other revenue
- $18,525
Expenses
- Grants and similar amounts paid
- $6,620,240
- Compensation of officers, directors and key employees
- $254,394
- Other salaries and wages
- $952,327
- Salaries, compensation and benefits (total)
- $1,365,189
- Professional fundraising fees
- $376,967
- Legal fees
- $2,897
- Accounting fees
- $180,704
- Occupancy
- $554,281
- Travel
- $22,412
- Depreciation
- $77,632
- Program services (functional)
- $8,573,382
- Management and general (functional)
- $1,339,189
- Fundraising (functional)
- $476,667
Balance sheet and other
- Total assets, start of year
- $27,898,282
- Total assets, end of year
- $22,537,987
- Total liabilities, end of year
- $5,183,293
- Net assets, end of year
- $17,354,694
- Land, buildings and equipment
- $6,040,032
- Publicly traded securities
- $4,431,210
- Net assets without donor restrictions
- $15,734,201
- Net assets with donor restrictions
- $1,620,493
- Gross receipts
- $2,706,548
- Employees
- 87
- Volunteers
- 30
- Year formed
- 2015
- 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 | Other / benefits |
|---|---|---|---|---|
| MALIK RUCKER | EXECUTIVE DIRECTOR Officer | 40 | $149,247 | $7,145 |
| LUKE DAY | DIRECTOR OF FACILITIES Highest-paid employee | 40 | $117,697 | $7,981 |
| JACQUELINE D STREBE | DIRECTOR OF FINANCE AND OPERATIONS Officer | 40 | $95,707 | $23,577 |
| DR AYANNA RAKHU | DIRECTOR Trustee or director | 0.5 | $4,216 | $0 |
| ANALYAH SCHLAEGER DOS SANTOS | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| WOKIE WEAH | VICE CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| RICKY MARGARIT | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MELISSA FROEHLE | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| ERIKA BINGER | FOUNDING DIRECTOR AND COACH Trustee or director, Officer | 20 | $0 | $0 |
| ISAAC DE SOUZA | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| EZRA HYLAND | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| HENRY LAKE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| TRU PETTIGREW | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DAVID PLUMMER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| LAURA SHINGLER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DARRELL THOMPSON | DIRECTOR Trustee or director | 0.5 | $0 |
| JEROME TREADWELL | DIRECTOR Trustee or director | 0.5 | $0 |
| TAMERA WILLIAMS | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Malik Rucker | Executive Director Officer | 40 | $98,077 | $2,836 |
| Jacqueline D Strebe | Director of Finance and Operations Officer | 40 | $60,769 | $3,070 |
| Jane Townsend | Managing Director Officer | 40 | $24,703 | $0 |
| Tru Pettigrew | Director Trustee or director | 0.5 | $0 | $0 |
| David Plummer | Director Trustee or director | 0.5 | $0 | $0 |
| Wokie Weah | Director Trustee or director | 0.5 | $0 | $0 |
| Isaac De Souza | Director Trustee or director | 1 | $0 | $0 |
| Dr Ayanna Rakhu | Director Trustee or director | 0.5 | $0 | $0 |
| Jerome Richardson | Director Trustee or director | 0.5 | $0 | $0 |
| Laura Shingler | Director Trustee or director | 0.5 | $0 | $0 |
| Darrell Thompson | Director Trustee or director | 0.5 | $0 | $0 |
| Tamera Irwin | Director Trustee or director | 0.5 | $0 | $0 |
| Ezra Hyland | Director Trustee or director | 0.5 | $0 | $0 |
| Henry Lake | Director Trustee or director | 0.5 | $0 | $0 |
| Erika Binger | Founding Director and Coach Trustee or director, Officer | 20 | $0 | $0 |
| Analyah Schlaeger Dos Santos | Board Chair Trustee or director, Officer | 2 | $0 | $0 |
| Melissa Froehle | Secretary Trustee or director, Officer | 0.5 | $0 | $0 |
| Ricky Margarit | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 701 PLYMOUTH AVE N, MINNEAPOLIS, MN 55411-4247
- In care of
- % AMANDA WAARANIEMI-GOLLY
- Mailing address (990-N for 2016)
- 1703 New Brighton Blvd Suite 104, Minneapolis MN 55413
- Principal officer (990 for 2024)
- ANALYAH SCHLAEGER DOS SAN, 701 PLYMOUTH AVE N, MINNEAPOLIS, MN 55411
- Principal officer (990-N for 2016)
- Erika Binger, 1703 New Brighton Blvd Suite 104, Minneapolis MN 55413
- Signed the 990
- MALIK RUCKER, EXECUTIVE DIRECTOR
- Phone
- (612) 494-3800
- Website
- V3SPORTS.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
THE MISSION OF V3 SPORTS IS TO ELEVATE ITS COMMUNITY (NORTH MINNEAPOLIS) THROUGH WELLNESS, FITNESS, AND EDUCATION. IN SERVING ITS MISSION, V3 SPORTS OPERATES THE V3 CENTER IN NORTH MINNEAPOLIS AND RUNS CULTURALLY RELEVANT PROGRAMMING THROUGH ITS STATE-OF-THE-ART AQUATICS, FITNESS AND COMMUNITY CENTER, WHICH HOSTS A CHILDCARE SERVICE, A BOYS AND GIRLS CLUB BRANCH AND A LOCALLY-OWNED RESTAURANT.
Program accomplishments
- V3 SPORTS OPENED ITS DOORS TO THE FULL PUBLIC FOR THE FIRST TIME ON MAY 11TH, 2024. THIS SOFT OPENING WELCOMED HUNDREDS OF NEW VISITORS FROM NORTH MINNEAPOLIS, OFFERING THEM FREE ACCESS TO THE CENTER FOR THE MONTH OF MAY. AN ALL NEW MEMBERSHIP TEAM OF ONE FULL-TIME LEAD AND TEN PART-TIME SPECIALISTS, WHO HAD BEEN WORKING TOGETHER FOR LESS THAN A MONTH, REGISTERED OVER 300 MEMBERS IN THOSE FIRST SIX WEEKS!FOLLOWING OUR GRAND OPENING ON JUNE 22, 2024, THE V3 CENTER WENT ON TO SEE ANOTHER 800 MEMBERS SIGN-UP. THE FOUNDATION OF AN AMAZING COMMUNITY WAS FORMED. EVEN MORE IMPRESSIVE IS THAT 80% OF MEMBERS HERE AT THE V3 CENTER RESIDE IN NORTH MINNEAPOLIS!THE FIRST YEAR WAS A TREMENDOUS SUCCESS FOR OUR YOUNG ORGANIZATION, AS MEMBERSHIP POLICIES AND AGREEMENTS WERE DRAFTED AND IMPLEMENTED, NEW SOFTWARE WAS MASTERED, OPERATIONAL PROCESSES WERE DEVELOPED AND OUR TEAM BATTLED THROUGH THE INEVITABLE GROWING PAINS THAT COME ALONG WITH STARTING A BUSINESS. IT WAS AN EXCITING AND CHALLENGING YEAR OF BUILDING A STRONG MEMBERSHIP OPERATION THAT WILL SERVE THE COMMUNITY FOR GENERATIONS.Expenses $7,746,118 · grants $6,620,240
- IN 2024, V3 SPORTS PROVIDED 505 SWIM LESSONS TOTALING MORE THAN 3,000 HOURS OF INSTRUCTION, HOSTED 10 FAMILY WATER SAFETY WORKSHOPS THAT REACHED OVER 230 PEOPLE, AND ORGANIZED 2 COMMUNITY WATER SAFETY EVENTS WITH MORE THAN 100 PARTICIPANTS. WE ALSO ENGAGED OVER 500 WOMEN THROUGH OUR WEDNESDAY NIGHT WOMEN'S SWIM PROGRAM. FROM JUNE THROUGH THE END OF THE YEAR, THESE EFFORTS EXPANDED ACCESS TO SWIM EDUCATION AND CREATED SAFE, INCLUSIVE SPACES FOR FAMILIES AND INDIVIDUALS TO GAIN LIFE-SAVING SKILLS.Expenses $827,264 · revenue $110,007
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
- 47-4208106
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N40)
- Assets (IRS master file)
- $22,537,987
- Income (IRS master file)
- $2,706,548
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,706,548 | $10,389,238 | $22,537,987 | IRS |
| 990 | December 2023 | $23,186,711 | $14,480,727 | $27,898,282 | XML |
| 990 | December 2022 | $15,786,495 | $635,823 | $17,621,946 | 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 | December 2018 | – | – | – | IRS |
| 990-N for 2016 Officer: Erika Binger | December 31, 2016 | ≤ $50,000 receipts | – | – | e-Postcard |
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 47-4208106).
Questions about V3 SPORTS INC
- What is the EIN of V3 SPORTS INC?
- The employer identification number (EIN) of V3 SPORTS INC is 47-4208106.
- Is V3 SPORTS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to V3 SPORTS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does V3 SPORTS INC 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 V3 SPORTS INC 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 V3 SPORTS INC 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 V3 SPORTS INC?
- The 990 for the year ended December 31, 2024 names ANALYAH SCHLAEGER DOS SAN.
- Who are the officers and directors of V3 SPORTS INC?
- The 990 for the year ended December 31, 2024 lists 18 people; 4 received compensation from the organization, the highest $149,247 (MALIK RUCKER, EXECUTIVE DIRECTOR).
- How much revenue does V3 SPORTS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,706,548, expenses of $10,389,238 and total assets of $22,537,987 at year end.
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