Public Charity

V3 SPORTS INC

Based in MINNEAPOLIS, MN, V3 SPORTS INC operates as a Public Charity. The organization reported $2.7M in revenue, $10.4M in expenses, $22.5M in total assets for fiscal year 2024. Imperigo tracks 21 reported grant relationships connected to this organization totaling approximately $2.5M.

EIN: 474208106 MINNEAPOLIS, MN Sports Associations & Training Facilities NTEE: N40 Latest filing: 2024
Total Revenue$2.7M
Total Expenses$10.4M
Total Assets$22.5M
Grant Records21
Funding Total$2.5M
Filing Years2020–2024

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.

Where $100 goes at V3 Sports Inc

How V3 Sports Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$86 Programs the work itself
$9 Management running the organization
$5 Fundraising raising the next dollar

Inside the $86 for programs

$78
V3 Sports opened its doors to the full public for the first time on may 11th, 2024
90% of program spending · Reported in the filing: 300 members; 800 members
$8
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…
10% of program spending · Reported in the filing: 505 lessons; 3,000 hours of instruction; 10 workshops
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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

BOARD CHAIR Analyah Schlaeger Dos Santos
DIRECTOR Darrell Thompson
DIRECTOR David Plummer
DIRECTOR Dr Ayanna Rakhu
FOUNDING DIRECTOR AND COACH Erika Binger
DIRECTOR Ezra Hyland

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$1,322,106 13 grants
Sports & Recreation
$566,185 4 grants
Human & Social Services
$350,000 2 grants
Health & Medicine
$250,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $2.7M $10.4M $22.5M
2023 $23.2M $14.5M $27.9M
2022 $15.8M $636K $17.6M
2021 — — $11.4M
2020 $-36K $146K $6.1M

Between 2020 and 2024, reported annual revenue moved from $-36K to $2.7M, with total assets most recently reported at $22.5M.

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

See the full picture for V3 SPORTS INC

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