Public Charity

NEWJETS INC

NEWJETS INC, of EDEN PRAIRIE, MN, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $1.3M in revenue, $1.4M in expenses, $6.7M in total assets. 4 publicly reported grants to this organization, totaling roughly $29K, appear in IRS filings.

EIN: 205956938 EDEN PRAIRIE, MN Amateur Sports Competitions NTEE: N70 Latest filing: 2024
Total Revenue$1.3M
Total Expenses$1.4M
Total Assets$6.7M
Grant Records4
Funding Total$29K
Filing Years2019–2024

Mission

AQUAJETS SWIM TEAM IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES IN THE PROMOTION OF NATIONAL AMATEUR SPORTS, MORE SPECIFICALLY TO PROVIDE A NATIONALLY-COMPETITIVE, AMATEUR YOUTH SWIM TEAM FOR THE ATHLETIC ADVANCEMENT AND ENJOYMENT OF ITS MEMBERS.

Where $100 goes at Newjets Inc

How Newjets Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$89 Programs the work itself
$10 Management running the organization
$1 Fundraising raising the next dollar

Inside the $89 for programs

$63
The organization provides professional coaching to competitive youth, amateur swimmers
71% of program spending
$16
The team hosts swim meets sanctioned by minnesota swimming
18% of program spending
$10
The team offers dryland training to the swimmers
11% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

CO-PRESIDENT Brian Wimberger
TREASURER Dan Egeland
DIRECTOR John March
EXECUTIVE DIRECTOR/CHAIRPE Kate Lundsten
CO-PRESIDENT Megan Carr

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$9,761 1 grant
Unspecified
$19,000 3 grants

Financial Trends

Year Revenue Expenses Assets
2024 $1.3M $1.4M $6.7M
2023 $1.2M $1.3M $6.9M
2022 $1.1M $1.2M $7.2M
2020 $915K $902K $1.1M
2019 $1.1M $1.1M $1.1M

Between 2019 and 2024, reported annual revenue grew from $1.1M to $1.3M (+25%), with total assets most recently reported at $6.7M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for NEWJETS INC

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