MINNESOTA SPORTS AND EVENTS

EIN: 851580569 Community Improvement

BLOOMINGTON, MN

Total Revenue
$13,731,897
Total Expenses
$11,115,233
Total Assets
$5,559,240
Net Assets
$2,273,521
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
MN
Principal Officer
WENDY BLACKSHAW
Phone
6128169771
Tax Period
2024-01-01 to 2024-12-31

MINNESOTA SPORTS AND EVENTS, founded in 2020, is a mid-sized nonprofit in the Community Improvement sector that reported $13.7M in total revenue in fiscal year 2024. Revenue surged 810% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.6M, a strong 19% operating margin.

Mission

TO DRIVE ECONOMIC BENEFIT AND SUPPORT MEANINGFUL COMMUNITY ENGAGEMENT IN THE BLOOMINGTON, MINNEAPOLIS AND ST. PAUL REGIONAL AREA BY ATTRACTING AND MANAGING WORLD CLASS SPORTING EVENTS.

Program Service Accomplishments

Program 1

BIG 10 2024: AS THE LOCAL ORGANIZING COMMITTEE (LOC), MINNESOTA SPORTS AND EVENTS (MNSE) IS THRILLED TO BRING BOTH THE BIG TEN WOMEN'S AND MEN'S BASKETBALL TOURNAMENTS TO TARGET CENTER. THOUSANDS OF...

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BIG 10 2024: AS THE LOCAL ORGANIZING COMMITTEE (LOC), MINNESOTA SPORTS AND EVENTS (MNSE) IS THRILLED TO BRING BOTH THE BIG TEN WOMEN'S AND MEN'S BASKETBALL TOURNAMENTS TO TARGET CENTER. THOUSANDS OF BIG TEN ALUMNI, STUDENTS AND BASKETBALL FANS TRAVELED TO MINNESOTA OVER TWO WEEKS IN MARCH 2024 TO WITNESS SOME OF THE MOST COMPETITIVE AND EXCITING COLLEGIATE BASKETBALL IN THE COUNTRY THE HEART OF MINNEAPOLIS TRANSFORMS TO HOST ONE OF THE NATION'S MOST PRESTIGIOUS COLLEGE BASKETBALL EVENTS. ALL 14 BIG TEN CONFERENCE WOMEN'S & MEN'S BASKETBALL TEAMS DESCEND ON THE TARGET CENTER WITH THEIR EYES SET ON WINNING THE CONFERENCE TITLE. CATCH ALL YOUR FAVORITE BIG TEN TOURNAMENT TEAMS LIVE.

Program 2

USA GYMNASTICS 2024: WHEN YOU THINK OF MINNESOTA AND GYMNASTICS, CHANCES ARE YOU THINK OF THE HEART-STOPPING, JAW-DROPPING OLYMPIC PERFORMANCES OF SUNI LEE, GRACE MCCALLUM AND JOHN ROETHLISBERGER...

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USA GYMNASTICS 2024: WHEN YOU THINK OF MINNESOTA AND GYMNASTICS, CHANCES ARE YOU THINK OF THE HEART-STOPPING, JAW-DROPPING OLYMPIC PERFORMANCES OF SUNI LEE, GRACE MCCALLUM AND JOHN ROETHLISBERGER. BUT THAT'S JUST THE BEGINNING. EVERY DAY, MINNESOTA INSPIRES THE NEXT GENERATION OF AMAZING, WORLD-CLASS GYMNASTS. WE HAVE 61 USA GYMNASTICS CLUBS ACROSS OUR STATE, AND 130 HIGH SCHOOLS WITH TEAMS COMPETING THROUGH MSHSL. THE UNIVERSITY OF MINNESOTA HAS A D1 WOMEN'S GYMNASTICS PROGRAM, AND THREE OTHER MINNESOTA UNIVERSITIES HAVE MEN'S AND WOMEN'S GYMNASTICS TEAMS COMPETING AT THE D3 LEVEL. WHEN IT COMES TO HOSTING GYMNASTICS EVENTS, MINNEAPOLIS AND ST. PAUL SCORES A PERFECT 10.

Program 3

WORLD JUNIORS HOCKEY 2025: THE 10-NATION TOURNAMENT FEATURES THE BEST MEN'S PLAYERS IN THE WORLD UNDER 20 YEARS OF AGE AND THE 29 GAMES OF THE CHAMPIONSHIP TAKE PLACE OVER 10 DAYS. THE 2025-2026...

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WORLD JUNIORS HOCKEY 2025: THE 10-NATION TOURNAMENT FEATURES THE BEST MEN'S PLAYERS IN THE WORLD UNDER 20 YEARS OF AGE AND THE 29 GAMES OF THE CHAMPIONSHIP TAKE PLACE OVER 10 DAYS. THE 2025-2026 EVENT MARKS THE 50TH ANNIVERSARY OF THE IIHF WORLD JUNIOR CHAMPIONSHIP. GRAND CASINO ARENA, HOME OF THE NHL'S MINNESOTA WILD IN SAINT PAUL, AND 3M ARENA AT MARIUCCI ON THE UNIVERSITY OF MINNESOTA CAMPUS IN MINNEAPOLIS, WILL SERVE AS THE COMPETITION VENUES.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $240,500
Program Service Revenue $13,275,074
Investment Income $216,323
Other Revenue $0
TOTAL REVENUE $13,731,897

Expense Breakdown

Grants Paid $0
Salaries & Benefits $730,970
Fundraising Expenses $0
Other Expenses $10,384,263
TOTAL EXPENSES $11,115,233

Year-over-Year Comparison

2024 2023 Change
Revenue $13,731,897 $1,509,595 +8.1%
Expenses $11,115,233 $2,534,343 +3.4%
Net Income $2,616,664 $-1,024,748 -3.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
20
Independent Members
20
Employees
11
Volunteers
200

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
4
$0
Total Directors
27
$0
Key Employees
2
$417,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BONNIE CARLSON CO CHAIR 1.00
Officer Director
$0 $0 $0
DAVE ST PETER CO CHAIR 1.00
Officer Director
$0 $0 $0
DOUG CARNIVAL SECRETARY 1.00
Officer Director
$0 $0 $0
JILL RENSLOW TREASURER 1.00
Officer Director
$0 $0 $0
WENDY BLACKSHAW PRESIDENT, C 40.00
Key Emp
$236,850 $3,150 $240,000
MATTHEW MEUNIER DIRECTOR 40.00
Key Emp
$175,000 $2,000 $177,000
LAYSHA WARD BOARD MEMBER 1.00
Director
$0 $0 $0
LESTER BAGLEY BOARD MEMBER 1.00
Director
$0 $0 $0
MELVIN TENNANT BOARD MEMBER 1.00
Director
$0 $0 $0
STEPHANIE ALBERT BOARD MEMBER 1.00
Director
$0 $0 $0
PHIL ANDERSON BOARD MEMBER 1.00
Director
$0 $0 $0
SHARI BALLARD BOARD MEMBER 1.00
Director
$0 $0 $0
ETHAN CASSON BOARD MEMBER 1.00
Director
$0 $0 $0
DUSTY CLEMENTS BOARD MEMBER 1.00
Director
$0 $0 $0
JENA COGSWELL BOARD MEMBER 1.00
Director
$0 $0 $0
JEFF DAVIDMAN BOARD MEMBER 1.00
Director
$0 $0 $0
PETER DIESSNER BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN DRUM BOARD MEMBER 1.00
Director
$0 $0 $0
JAIMEE HENDRICKSON BOARD MEMBER 1.00
Director
$0 $0 $0
CARRIE HIGGS BOARD MEMBER 1.00
Director
$0 $0 $0
WADE LUNEBURG BOARD MEMBER 1.00
Director
$0 $0 $0
MATT MAJKA BOARD MEMBER 1.00
Director
$0 $0 $0
LAURIE MARSH BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN MARSHALL BOARD MEMBER 1.00
Director
$0 $0 $0
ANDREA MOKROS BOARD MEMBER 1.00
Director
$0 $0 $0
AMY RAHJA BOARD MEMBER 1.00
Director
$0 $0 $0
PETER VANOVERBEKE BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID YBARRA BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL VEKICH BOARD MEMBER 1.00
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 $13,731,897 $11,115,233 $5,559,240 $2,616,664
2023 $1,509,595 $2,534,343 $9,214,980 $-1,024,748
2022 $4,248,961 $2,846,063 $1,075,980 $1,402,898
2021 $195,000 $892,136 $1,491,544 $-697,136
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