ELKHORN ATHLETIC ASSOCIATION INC

EIN: 470734156 501(c)(3) Recreation & Sports

ELKHORN, NE

Total Revenue
$6,910,874
Total Expenses
$5,504,210
Total Assets
$11,034,469
Net Assets
$5,193,063
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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
NE
Principal Officer
JOSEPH GRECO
Phone
4022898358
Tax Period
2023-01-01 to 2023-12-31

ELKHORN ATHLETIC ASSOCIATION INC, founded in 2003, is a community nonprofit in the Recreation & Sports sector that reported $6.9M in total revenue in fiscal year 2023. The organization ran a surplus of $1.4M, a strong 20% operating margin.

Mission

WE ARE AN ELKHORN-BASED NON-PROFIT YOUTH SPORTS ORGANIZATION DEDICATED TO PROVIDING A SAFE, ENJOYABLE, POSITIVE LEARNING ENVIRONMENT. WE SERVE FAMILIES WITH CHILDREN OF ALL AGES AND ALL SKILL LEVELS FROM THE COMMUNITY AND ACROSS THE REGION. WE ENCOURAGE AND SUPPORT THE HOLISTIC DEVELOPMENT OF EVERY CHILD, TEACH LEADERSHIP AND OTHER ESSENTIAL SKILLS, AND INSPIRE OUR ATHLETES TO SEEK EXCELLENCE IN ALL ASPECTS OF THEIR LIVES. WE WILL ACCOMPLISH THIS BY ENCOURAGING PARENTAL INVOLVEMENT AND BY PROVIDING PROFESSIONAL STAFF, STATE-OF-THE-ART FACILITIES, AND PROGRAMS COMMENSURATE WITH ABILITY, POTENTIAL, AND INTEREST AT THE DEVELOPMENTAL, RECREATIONAL, AND COMPETITIVE LEVELS.

Program Service Accomplishments

Program 1
Expenses: $3,972,040 Revenue: $4,903,511

ELKHORN ATHLETIC ASSOCIATION (EAA) HAS STRONG ROOTS IN THE COMMUNITY DATING BACK FIVE DECADES. EAA REMAINS ALIGNED IN MISSION, VISION AND VALUES TO SERVE YOUTH SPORTS AND OUR SURROUNDING COMMUNITY...

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ELKHORN ATHLETIC ASSOCIATION (EAA) HAS STRONG ROOTS IN THE COMMUNITY DATING BACK FIVE DECADES. EAA REMAINS ALIGNED IN MISSION, VISION AND VALUES TO SERVE YOUTH SPORTS AND OUR SURROUNDING COMMUNITY. TODAY WE PROVIDE ATHLETIC OPPORTUNITIES FOR OVER 8,000 REGISTERED ATHLETES (BOYS AND GIRLS) PARTICIPATING IN TEN SPORTS. A VAST MAJORITY OF THE YOUTH SERVED ARE ELKHORN PUBLIC SCHOOL (EPS) STUDENTS OR FROM THE SURROUNDING COMMUNITIES, REPRESENTING MORE THAN 3,000 ELKHORN-AREA FAMILIES.

Program 2
Expenses: $444,158

FIRST INTERSTATE BANK SPORTSPLEX FACILITY - PHASE ONE CONSTRUCTION WAS COMPLETED DURING 2023. THIS COMPLEX HAS SIX FULL-SIZE SOCCER PITCHES, FOUR BASEBALL/SOFTBALL FIELDS, AND A SPECIALIZED SPACE FOR...

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FIRST INTERSTATE BANK SPORTSPLEX FACILITY - PHASE ONE CONSTRUCTION WAS COMPLETED DURING 2023. THIS COMPLEX HAS SIX FULL-SIZE SOCCER PITCHES, FOUR BASEBALL/SOFTBALL FIELDS, AND A SPECIALIZED SPACE FOR ADAPTIVE SPORTS. THE SPORTS COMPLEX WILL SERVE AS A REGIONAL DESTINATION FOR AREA YOUTH SPORTS TOURNAMENTS AND LEAGUES.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,005,530
Program Service Revenue $4,710,558
Investment Income $1,833
Other Revenue $192,953
TOTAL REVENUE $6,910,874

Expense Breakdown

Grants Paid $0
Salaries & Benefits $913,161
Fundraising Expenses $115,203
Program Expenses $4,416,198
Other Expenses $4,591,049
TOTAL EXPENSES $5,504,210

Year-over-Year Comparison

2023 2022 Change
Revenue $6,910,874 $6,930,942 0.0%
Expenses $5,504,210 $4,362,780 +0.3%
Net Income $1,406,664 $2,568,162 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
38
Volunteers
2500

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$258,835
Total Directors
16
$75,208
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH GRECO EXECUTIVE DIRECTOR 40.00
Officer
$95,263 $0 $95,263
BRUCE O'NEEL - CHAIRMAN EXECUTIVE DIRECTOR THRU 10/23 40.00
Officer Director
$75,208 $0 $75,208
ROB HERRINGER ASSISTANT DIRECTOR THRU 09/23 40.00
Officer
$65,864 $0 $65,864
JOSH TODD - EXECUTIVE DIR DEVELOPMENT & COMMUNITY RELATIONS 40.00
Officer
$22,500 $0 $22,500
JASON MCDONALD VICE CHAIR 4.00
Officer Director
$0 $0 $0
KATHY RYGG VICE CHAIR THRU 12/23 4.00
Officer Director
$0 $0 $0
DARREN OSTEN TREASURER/SECRETARY 20.00
Officer
$0 $0 $0
JOEY MACKEN PRESIDENT-SOFTBALL THRU 12/23 4.00
Director
$0 $0 $0
CHRIS MCCAIN PRESIDENT-BASEBALL THRU 12/23 4.00
Director
$0 $0 $0
NICK INZERELLO PRESIDENT-FOOTBALL THRU 12/23 4.00
Director
$0 $0 $0
KEVIN ALMQUIST PRESIDENT-SOCCER THRU 12/23 4.00
Director
$0 $0 $0
KRISHELLE MCNEAL PRESIDENT-WRESTLING THRU 12/23 4.00
Director
$0 $0 $0
BRIAN SEGER PRESIDENT-BASKETBALL THRU 12/23 4.00
Director
$0 $0 $0
AMY MYERS - PRESIDENT TRACK & FIELD THRU 12/23 4.00
Director
$0 $0 $0
JOHN BRUMMER PRESIDENT - LACROSSE THRU 12/23 4.00
Director
$0 $0 $0
ANDY KNUTSON DIRECTOR 4.00
Director
$0 $0 $0
ERIC CROUCH DIRECTOR 4.00
Director
$0 $0 $0
ERIC STUECKRATH DIRECTOR 4.00
Director
$0 $0 $0
SUZANNE ROGERS DIRECTOR 4.00
Director
$0 $0 $0
JEFF JORTH DIRECTOR 4.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $6,910,874 $5,504,210 $11,034,469 $1,406,664
2022 $6,930,942 $4,362,780 $8,749,547 $2,568,162
2021 $3,870,078 $3,496,610 $3,453,158 $373,468
2020 $2,302,970 $2,468,413 $1,315,868 $-165,443
2019 $1,559,635 $1,560,778 $978,156 $-1,143
2018 $1,451,353 $1,204,532 $540,398 $246,821
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