NonprofitsNewjets Inc

Recreation & Sports

Newjets Inc

EDEN PRAIRIE, MN

Total revenue

$1.3M

Total expenses

$1.4M

Net assets

$438K

Grants received

$29K

5 grants

EIN

205956938

Tax year

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.

Programs

2 programs

The team hosts swim meets sanctioned by minnesota swimming.

Expenses: $234K

The team offers dryland training to the swimmers.

Expenses: $137K

Financials

FY 2024

Revenue

Contributions & grants$6K
Program service revenue$1.3M
Investment income$42K
Other revenue
Total revenue$1.3M

Expenses

Grants paid
Salaries & benefits$560K
Fundraising$6K
Other expenses$847K
Total expenses$1.4M
Total assets$6.7M
Net assets$438K

People

5 listed

NameRoleCompensation

KATE LUNDSTEN

EXECUTIVE DIRECTOR/CHAIRPE

Board

$121K

40 hrs/wk

BRIAN WIMBERGER

CO-PRESIDENT

Board

1 hrs/wk

MEGAN CARR

CO-PRESIDENT

Board

2 hrs/wk

DAN EGELAND

TREASURER

Board

1 hrs/wk

JOHN MARCH

DIRECTOR

Board

2 hrs/wk

Grants received

Showing 5 of 5

FromAmountPurposeYear
$9K
Club Excellence
2024
$9K
Club Excellence
2023
$5K
UNRESTRICTED GENERAL
2022
$5K
UNRESTRICTED GENERAL
2021
$500
UNRESTRICTED GENERAL
2018

Funded by

$29K from 2 funders · 5 grants · 2018–2024

USA Swimming Inc

$18K · 2 grants · 2023–2024

David Buntzman Foundation

$11K · 3 grants · 2018–2022

Details

EIN205956938
NTEE codeN70
Subsection03
Ruling date2007-10
Formed2006
Employees39
Volunteers100
NEWJETS INC — Mission, Financials & Grants Received | Grantivo