FREMONT ARCHERY INC

EIN: 881446557 501(c)(3) Recreation & Sports

Fremont, NE

Total Revenue
$50,114
Total Expenses
$15,289
Total Assets
$34,825
Net Assets
$34,825
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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
NE
Principal Officer
Christine Johannesen
Phone
4027271842
Tax Period
2022-01-01 to 2022-12-31

FREMONT ARCHERY INC, founded in 2022, is a micro nonprofit in the Recreation & Sports sector that reported $50K in total revenue in fiscal year 2022. The organization ran a surplus of $35K, a strong 69% operating margin.

Mission

The mission of Fremont Archery Inc. is to promote and teach all aspects of archery to athletes, children, and people of all ages without discrimination by programs and opportunities which educate the public on all aspects of the sport of archery, including but not limited to target shooting at local, national, and international archery competitions; and use of archery in the sport of legal and ethical hunting.

Program Service Accomplishments

Program 1
Expenses: $3,243 Revenue: $8,847

Eight Archery Tournaments were held: Two paper target tournaments using National Field Archery Association targets in November and December; a total of 37 youth and adults participated. Two paper...

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Eight Archery Tournaments were held: Two paper target tournaments using National Field Archery Association targets in November and December; a total of 37 youth and adults participated. Two paper target tournaments using United States Archery Association targets in January and February; 51 youth and adults participated. These four tournaments were held at the indoor range in downtown Fremont; we rent the second floor of a furniture store. Four outdoor 3D tournaments were held in April, June, July and August. 374 youth and adults participated. These are held at Camp Calvin Crest per a rental agreement with them. 3Ds are by far the most popular way to reach area archers, especially hunters who want to practice.

Program 2
Expenses: $1,281 Revenue: $1,847

Four 7-week beginner classes and two 10-week advanced classes were held. Beginner classes teach the basics of safety and form and shoot at 7 yards; both adults and youth participate at minimal...

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Four 7-week beginner classes and two 10-week advanced classes were held. Beginner classes teach the basics of safety and form and shoot at 7 yards; both adults and youth participate at minimal expense and equipment is available for all if needed. Handicapped scoring insures the most improved participants receive trophies and everyone gets a medal. 57 archers participated in beginner classes. Advances classes are associated with United State Archery Association's Junior Olympic Archery Development program. Both youth and adults participate and earn Achievement Pins as they progress up the scoring scale. Archers shoot at 20 yards, which is the standard for competition. 21 youth and 14 adults participated. Advanced class fee is minimal and equipment is available if needed.

Program 3
Expenses: $657 Revenue: $1,508

Two indoor leagues and two outdoor leagues were held for ten weeks each at the indoor range. One indoor league used NFAA blue & white paper targets, and one indoor league used USAA multi-colored...

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Two indoor leagues and two outdoor leagues were held for ten weeks each at the indoor range. One indoor league used NFAA blue & white paper targets, and one indoor league used USAA multi-colored paper targets. Two teenagers and 19 adults competed. Two outdoor leagues were held in the spring and summer at Camp Calvin Crest for ten weeks each. Archers competed at distances of 40-. 50-, and60-yards at 120cm USAA multi-colored targets which are larger than indoor targets making this similar to Olympic competitions. Twenty participated. Note that all classes, tournaments and leagues are open to the general public.

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Trantor Score

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $3,450
Program Service Revenue $12,202
Investment Income $68
Other Revenue $34,394
TOTAL REVENUE $50,114

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $5,181
Other Expenses $15,289
TOTAL EXPENSES $15,289

Year-over-Year Comparison

2022 2021 Change
Revenue $50,114 N/A N/A
Expenses $15,289 N/A N/A
Net Income $34,825 $0 N/A
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
N/A
Volunteers
15

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
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Darryl Johannssen President 5
Officer Director
$0 $0 $0
Kevin Hernes Vice President 1
Officer Director
$0 $0 $0
Carrie Miller Secretary 2
Officer Director
$0 $0 $0
Christine Johannesen Treasurer 6
Officer Director
$0 $0 $0
Michael Fricke Director at Large 3
Director
$0 $0 $0
David Kerschinske Director at Large 2
Director
$0 $0 $0
Brad Johannesen Director at Large 5
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
2022 $50,114 $15,289 $34,825 $34,825
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