Nonprofit · EIN 93-2899435
V3 FOUNDATION
Tax-exempt · MINNEAPOLIS, MN 55411
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $6,674,990 | $221,837 | $6,453,153 | $25,267,458 | $5,855,629 | $19,411,829 |
| December 31, 2023 | 990 | $12,958,775 | $99 | $12,958,676 | $18,780,093 | $5,821,417 | $12,958,676 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $6,620,240
- Program service revenue
- $0
- Investment income
- $0
- Net rental income
- $54,750
- Other revenue
- $54,750
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $18,399
- Depreciation
- $181,388
- Program services (functional)
- $181,388
- Management and general (functional)
- $40,449
Balance sheet and other
- Total assets, start of year
- $18,780,093
- Total assets, end of year
- $25,267,458
- Total liabilities, end of year
- $5,855,629
- Net assets, end of year
- $19,411,829
- Land, buildings and equipment
- $25,033,273
- Net assets without donor restrictions
- $19,411,829
- Gross receipts
- $6,674,990
- Employees
- 0
- Volunteers
- 5
- Year formed
- 2023
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MALIK RUCKER | SECRETARY Trustee or director, Officer | 2 | $0 | $149,247 | $7,145 |
| JACQUIE STREBE | TREASURER Trustee or director, Officer | 2 | $0 | $95,707 | $23,577 |
| KYLE WALTON | PRESIDENT/ EXECUTIVE DIRECTOR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| BIANCA DAWKINS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PJ HILL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Malik Rucker | Secretary Trustee or director, Officer | 2 | $0 | $98,077 |
| Jacquie Strebe | Treasurer Trustee or director, Officer | 2 | $0 | $60,769 |
| PJ Hill | Director Trustee or director | 1 | $0 | $0 |
| Bianca Dawkins | Director Trustee or director | 1 | $0 | $0 |
| Kyle Walton | President/Executive Director Trustee or director, Officer | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 701 PLYMOUTH AVE N, MINNEAPOLIS, MN 55411-4247
- Principal officer (990 for 2024)
- KYLE WALTON, 701 PLYMOUTH AVENUE NORTH, MINNEAPOLIS, MN 554114247
- Signed the 990
- MALIK RUCKER, SECRETARY
- Phone
- (612) 494-3800
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
V3 FOUNDATION SERVES AS A SUPPORTING ORGANIZATION FOR THE BENEFIT OF V3 SPORTS, INC.
Program accomplishments
- THE V3 FOUNDATION HELPED V3 SPORTS GENERATE CONSTRUCTION FUNDING THROUGH THE NEW MARKET TAX CREDIT PROGRAM.Expenses $181,388 · revenue $54,750
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
- 93-2899435
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2024
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P11)
- Assets (IRS master file)
- $25,267,458
- Income (IRS master file)
- $6,674,990
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $6,674,990 | $221,837 | $25,267,458 | IRS |
| 990 | December 2023 | $12,958,775 | $99 | $18,780,093 | XML |
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 93-2899435).
Questions about V3 FOUNDATION
- What is the EIN of V3 FOUNDATION?
- The employer identification number (EIN) of V3 FOUNDATION is 93-2899435.
- Is V3 FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to V3 FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does V3 FOUNDATION 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 FOUNDATION 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 FOUNDATION 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 FOUNDATION?
- The 990 for the year ended December 31, 2024 names KYLE WALTON.
- Who are the officers and directors of V3 FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does V3 FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $6,674,990, expenses of $221,837 and total assets of $25,267,458 at year end.
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