2022-11-16T17:51:23-07:00 2021-12-31 271375413 BWK Rogers PC 431 South 7th Street Suite 2424 Minneapolis MN 55415 990 2021-01-01 474208106 V3 SPORTS INC V3SP 8338377678 701 Plymouth Ave N Ste 102 Minneapolis MN 55411 Ricky G Margarit Treasurer 8338377678 2022-11-16 1 Melissa J Baraibar P02464922 6123325446 2022-11-16 0 11 1 AAL2 2021 2022-09-23 18:48:47Z Analyah Schlaeger dos Santos 701 Plymouth Ave N Ste 102 Minneapolis MN 55411 5972253 0 X v3sports.org X 2015 MN Providing health, wellness, equity, and opportunity through fitness, water safety, education, and economic impact. 10 9 2 10 -194259 0 29292 5722893 0 0 2 3961 -65116 -193659 -35822 5533195 0 0 0 0 0 44175 78325 98450 203714 67593 247455 145918 390080 -181740 5143115 6126186 11391431 6563455 6693464 -437269 4697967 Providing health, wellness, equity, and opportunity through fitness, water safety, education, and economic impact. 0 0 67511 0 0 V3 was not able to provide swim lessons or swim clinics due to the disruption of COVID-19 and our focus was on building the center. When fully operational, the facility will serve thousands of youth and their families per year and provide over $5M of economic impact in North Minneapolis. In addition, COVID-19 continued to impact V3 during 2021, but we continued to reach out to community members, nonprofit organizations, philanthropic organizations, legislative leaders and educational institutions about the redevelopment of the V3 center. In the meantime, our nonprofit partners continued to offer space for students to "distance learn" while their parents and caretakers worked; they continued to offer nutrition and wellness programs for children and their families; and they continued training student athletes which contributed to students' overall success and resiliency during the pandemic. 0 0 0 67511 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 16 0 1 2 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 10 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 MN X The Organization 8338377678 701 Plymouth Ave N Minneapolis MN 55411 Jane Townsennd Managing Director 20 0 X 36000 0 0 Isaac De Souza Director 1 0 X 12480 0 0 Ezra Hyland Director 0.5 0 X 0 0 0 Melissa Froehle Director 0.50 0 X 0 0 0 David Plummer Director 0.50 0 X 0 0 0 Jerome Treadwell Director 0.50 0 X 0 0 0 Wokie Weah Director 0.5 0 X 0 0 0 Henry Lake Director 0.5 0 X 0 0 0 Tamera Irwin Director 0.5 0 X 0 0 0 Analyah Schlaeger Dos Santos Director and Chair 2.0 0 X X 0 0 0 Darrell Thompson Treasurer 0.5 0 X X 0 0 0 Sherman Patterson Jr Chair 2.0 0 X X 0 0 0 Erika Binger Founding Director and Coach 20 0 X 0 0 0 48480 0 0 0 0 0 0 0 14868 0 0 0 0 5708025 0 5722893 0 3961 0 0 3961 0 0 0 0 0 0 0 0 244799 0 439058 0 -194259 0 -194259 0 -194259 0 0 0 0 600 0 0 600 600 5533195 0 -194259 4561 X 40614 13538 13538 13538 3561 1187 1187 1187 81655 81655 12633 12633 98450 98450 117400 38120 919 78361 19233 7055 12178 9186 7788 1398 Permit Fees and Registrations 6878 6878 0 0 Bank Charges 470 0 470 0 390080 67511 118855 203714 84915 221650 3492558 4356 5470 4991306 395385 4682937 4595921 1358334 3071476 6126186 11391431 11937 144299 6530049 6527696 21469 21469 6563455 6693464 X -437269 4697967 0 0 -437269 4697967 6126186 11391431 5143115 -7879 0 0 0 0 X 0 1 X 1 0 X 9225 42946 29292 5722643 5804106 0 9225 42946 29292 5722643 5804106 201254 201254 0 0 0 0 201254 201254 5602852 5 2 3498 3505 232 232 232 0 5 2 3498 3737 1 1063 1064 232 9226 42951 29294 5727204 5808907 0.96453 0.997 0.00064 0.003 X Schedule A, Part III, Line 12 Other Income RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1202796 1202796 0 3780830 395209 3385621 0 0 0 0 0 7680 176 7504 0 0 0 0 4595921 Construction in Progress 3071476 3071476 0 Security Deposit 21469 21469 X 5965402 -7879 1028 0 0 -6851 5972253 0 -439058 -439058 5533195 830166 1028 0 0 439058 440086 390080 0 0 0 390080 Schedule D, Part X, Line 2 The Organization's activities are generally exempt from federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code. Since the Organization is exempt from federal and state income tax liability, no provision is made for current or deferred income tax expense. The Organization is not a private foundation. Management has determined that the Organization is not subject to unrelated business income tax. Management is not aware of any transactions that would impact the Organization's tax-exempt status. The Organization follows the guidance of the Accounting Standard Codification (ASC) 740, Accounting for Income Taxes, related to uncertainties in income taxes, which prescribes a threshold of more likely than not for recognition and derecognition of positions taken or expected to be taken in a tax return. For the years ended December 31, 2021 and 2020, management of the Organization is not aware of any material uncertain tax positions. All tax-exempt entities are subject to review and audit by federal, state and other applicable agencies. Such agencies may review the taxability of unrelated business income, or the qualification of the tax-exempt entity under the Internal Revenue Code and applicable state statutes. For federal tax purposes, the tax returns remain open for possible examination for a period of three years after the respective filing deadlines of those returns. Schedule D, Part XI, Line 4b Rental Expenses Schedule D, Part XII, Line 2d Rental Expenses X X X X X 1 Blaseg Fundraising LLC 8086 E Lake Carlos Drive NE Carlos MN 56319 Grant writing 0 0 55000 -55000 Jane Townsend 6920 W 26th St St Louis Park MN 55421 Grant writing 0 0 36000 -36000 Elizabeth Altheimer Table Fort 3440 44th Ave S Minneapolis MN 55406 Grant Writer 0 0 6450 -6450 0 97450 -97450 MN Erika Binger Founder Fund Operations X 5539469 6527696 0 1 1 6527696 Form 990, Part VI, Section B, Line 11b The Board of Directors reviews and approves the Form 990. Form 990, Part VI, Section B, Line 12c Monitoring and enforcing compliance with the conflict of interest policy. Officers are required to review annually the Organization's conflict of interest policy and disclose any conflicts arising at that time or any subsequent time. All conflicts of interest are resolved in accordance with the conflict of interest policy. Form 990, Part VI, Section C, Line 19 The Organization makes it governing documents, conflict of interest policy, and financial statements available upon request to Erika Binger, the Organization's president, at the Organization's address. Form 990, Part IX, Line 11g Marketing, other professional services