2024-11-13T11:52:34-07:00 2023-12-31 271375413 BWK Rogers PC 431 South 7th Street Suite 2424 Minneapolis MN 55415 990 2023-01-01 474208106 V3 SPORTS INC V3SP 8338377678 701 Plymouth Ave N Minneapolis MN 55411 Malik Rucker Executive Director 8338377678 2024-11-12 1 1 Melissa J Baraibar P02464922 6123325446 2024-10-11 2023 2024-10-15 13:58:12Z Analyah Schlaeger dos Santos 701 Plymouth Ave N Minneapolis MN 55411 23186711 0 X v3sports.org X 2015 MN 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. 15 14 19 30 0 0 16040095 23029418 1007 6710 26840 150484 -281447 99 15786495 23186711 0 12958775 0 0 183040 370259 74767 126073 373571 378016 1025620 635823 14480727 15150672 8705984 17621946 27898282 1279408 2849760 16342538 25048522 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. 0 0 12958775 12958775 99 V3 Sports completed most of the construction of its Phase 1 Community Center in 2023, offering supporters and the public a Sneak Peek of the progress in October 2023. 705224 0 6710 V3 Sports delivered programming in 2023 that included swimming lessons and women-only swims at Franklin Middle School, held a Do More Than Tri triathlon for youth in the North Minneapolis Community, held a Family Swim and Wellness Fair, giving away 80 bikes to the first attendees, ran lifeguard trainings, ran a 10-week career exploration internship program called the Discovery Project, and brought V3 participants to the first cultural swim exchange with the Flathead Boys and Girls Club in Montana. 0 0 0 13663999 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 X 33 0 1 19 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 MN X The Organization 8338377678 701 Plymouth Ave N Minneapolis MN 55411 Malik Rucker Executive Director 40 0 X 98077 0 2836 Jacqueline D Strebe Director of Finance and Operations 40 0 X 60769 0 3070 Jane Townsend Managing Director 40 0 X 24703 0 0 Tru Pettigrew Director 0.5 0 X 0 0 0 David Plummer Director 0.5 0 X 0 0 0 Wokie Weah Director 0.5 0 X 0 0 0 Isaac De Souza Director 1 0 X 0 0 0 Dr Ayanna Rakhu Director 0.5 0 X 0 0 0 Jerome Richardson Director 0.5 0 X 0 0 0 Laura Shingler Director 0.5 0 X 0 0 0 Darrell Thompson Director 0.5 0 X 0 0 0 Tamera Irwin Director 0.5 0 X 0 0 0 Ezra Hyland Director 0.5 0 X 0 0 0 Henry Lake Director 0.5 0 X 0 0 0 Erika Binger Founding Director and Coach 20 0 X X 0 0 0 Analyah Schlaeger Dos Santos Board Chair 2 0 X X 0 0 0 Melissa Froehle Secretary 0.5 0 X X 0 0 0 Ricky Margarit Treasurer 2 0 X X 0 0 0 183549 0 5906 0 0 0 0 RJM Construction LLC 830 Boone Ave North Golden Valley MN 55427 Construction Services 15839478 LSE Architects Inc 1401 Glenwood Ave Minneapolis MN 55405 Architect Services 1442027 TEGRA Group Inc 1600 Utica Ave South Suite 410 St Louis Park MN 55416 Project Advisors 261500 American Engineering Testing Inc 550 Cleveland Avenue North St Paul MN 55114 Project Testing Services 132451 Sankofa Swim International LLC 111 E Kellogg Blvd Unit 2A Saint Paul MN 55101 Aquatic Program Development 114929 6 0 0 0 0 0 23029418 15057180 23029418 Aquatic Instruction 611620 6710 6710 0 0 0 0 0 0 6710 150484 0 0 150484 0 0 0 0 0 0 0 0 99 0 0 0 99 0 99 99 0 0 0 0 0 0 23186711 6809 0 150484 12958775 12958775 0 189455 2848 138707 47900 148598 148598 0 0 3666 3666 0 0 28540 12955 11585 4000 56013 56013 67115 67115 79632 79632 39000 39000 126073 126073 288079 272337 15742 0 258443 130828 148 127467 25057 11374 10171 3512 0 151330 68692 61426 21212 5044 5044 4307 1955 1748 604 Membership & Training Expenses 9715 9715 0 0 Event Expenses 14740 11238 0 3502 Miscellaneous 27145 25974 870 301 0 14480727 13663999 443157 373571 1071700 2001976 9293436 12695342 827846 789225 6160 4300200 579 33533 1727526 0 1202796 1727526 5225589 6344320 17621946 27898282 1279408 2849760 0 0 1279408 2849760 X 14284388 24165250 2058150 883272 16342538 25048522 17621946 27898282 8705984 0 0 0 0 0 X 0 1 X 1 0 X 42946 29292 5722643 16040095 23029418 44864394 1007 6710 7717 42946 29292 5722643 16041102 23036128 44872111 201254 6675816 550 6877620 0 0 201254 6675816 550 6877620 37994491 5 2 3498 26840 150583 180928 5 2 3498 26840 150583 180928 1063 1063 42951 29294 5727204 16067942 23186711 45054102 0.84331 0.68421 0.00402 0.00139 X Schedule A, Part III, Line 12 - Other Income. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 1 3900 0 0 1 35100 0 0 39000 0 Schedule C, Part II-B, Line 1 The Organization hired a lobbyist to send letters, to meet with, and call government officials and legislators. 0 1202796 1202796 0 0 0 0 0 0 0 0 0 524730 0 524730 0 0 0 0 1727526 Construction in Progress 6344320 6344320 0 0 X 23186711 0 0 0 0 0 23186711 0 0 0 23186711 14480727 0 0 0 0 0 14480727 0 0 0 14480727 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, 2023 and 2022, 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. X X X X X 1 Blaseg Fundraising LLC 8086 E Lake Carlos Drive NE Carlos MN 56319 Fundraising 0 0 40000 -40000 Petersen Consulting 2080 Mary Hills Drive Minneapolis MN 55422 Fundraising 0 0 27000 -27000 The Financial Services Consulting Group 121 North Washington Ave 4th Floor Minneapolis MN 55401 Fundraising 0 0 55042 -55042 0 122042 -122042 MN 1 V3 FOUNDATION 701 Plymouth Avenue North Minneapolis MN 55411 932899435 501(c)(3) 0 12958775 FMV Value of Construction in Progress For the Construction of V3 Center. 1 0 Schedule I, Part I, Line 2 The Grant is not monitored. X 6 15057180 FMV 0 0 1 0 Form 990, Part V, Line 3a The facility that previously had unrelated business income was torn down in 2022, therefore, there was no unrelated business income in 2023. 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 B, Line 15 The Board of Directors and hiring managers used compensation data from the Minnesota Council of Nonprofits as well as comparable data from other Form 990s, such as the YWCA. The Board of Directors had a thorough and deliberative search process for the Executive Director position. Form 990, Part VI, Section C, Line 19 The Organization makes it governing documents, conflict of interest policy, and financial statements available upon request. V3 FOUNDATION 701 Plymouth Avenue North Minneapolis MN 554114247 932899435 Financial MN 501(c)(3) Line 12 N/A 0 1 0 1 0 0 1 0 0 1 0 0 0 1 1 0 0 0 0 V3 FOUNDATION b 12958775 Value of construction in progress V3 FOUNDATION g 5580986 Construction in progress cost. V3 FOUNDATION d 5820000 Cash