NonprofitsV3 Sports Inc

Recreation & Sports

V3 Sports Inc

MINNEAPOLIS, MN

Total revenue

$2.7M

Total expenses

$10.4M

Net assets

$17.4M

Grants received

$10.6M

39 grants

EIN

474208106

Tax year

2024

Mission

To elevate its community through wellness, fitness, and education.

Programs

1 program

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 2 community water safety events with more than 100 participants. We also engaged over 500 women through our wednesday night women's swim program. From june through the end of the year, these efforts expanded access to swim education and created safe, inclusive spaces for families and individuals to gain life-saving skills.

Expenses: $827K

Financials

FY 2024

Revenue

Contributions & grants$2.3M
Program service revenue$110K
Investment income$280K
Other revenue$19K
Total revenue$2.7M

Expenses

Grants paid$6.6M
Salaries & benefits$1.4M
Fundraising$477K
Other expenses$2.0M
Total expenses$10.4M
Total assets$22.5M
Net assets$17.4M

People

18 listed

NameRoleCompensation

MALIK RUCKER

EXECUTIVE DIRECTOR

Board

$149K

40 hrs/wk

JACQUELINE D STREBE

DIRECTOR OF FINANCE AND OPERATIONS

Board

$96K

40 hrs/wk

DR AYANNA RAKHU

DIRECTOR

Board

$4K

0.5 hrs/wk

ERIKA BINGER

FOUNDING DIRECTOR AND COACH

Board

20 hrs/wk

ISAAC DE SOUZA

DIRECTOR

Board

0.5 hrs/wk

EZRA HYLAND

DIRECTOR

Board

0.5 hrs/wk

HENRY LAKE

DIRECTOR

Board

0.5 hrs/wk

TRU PETTIGREW

DIRECTOR

Board

0.5 hrs/wk

ANALYAH SCHLAEGER DOS SANTOS

BOARD CHAIR

Board

1 hrs/wk

LAURA SHINGLER

DIRECTOR

Board

0.5 hrs/wk

DARRELL THOMPSON

DIRECTOR

Board

0.5 hrs/wk

JEROME TREADWELL

DIRECTOR

Board

0.5 hrs/wk

TAMERA WILLIAMS

DIRECTOR

Board

0.5 hrs/wk

DAVID PLUMMER

DIRECTOR

Board

0.5 hrs/wk

WOKIE WEAH

VICE CHAIR

Board

0.5 hrs/wk

RICKY MARGARIT

TREASURER

Board

1 hrs/wk

MELISSA FROEHLE

SECRETARY

Board

0.5 hrs/wk

LUKE DAY

DIRECTOR OF FACILITIES

Staff

$118K

40 hrs/wk

Independent contractors

RJM CONSTRUCTION LLC

CONSTRUCTION

$5.7M

FINANCIAL SERVICES CONSULTING GROUP

FINANCIAL CONSULTING SERVICES

$215K

PETERSEN CONSULTANTS

FUNDRAISING CONSULTING SERVICES

$162K

SANKOFA SWIM INTERNATIONAL LLC

AQUATIC PROGRAM DEVELOPMENT

$127K

CLIFTONLARSONALLEN LLP

ACCOUNTING SERVICES

$111K

Grants received

Showing 39 of 39

FromAmountPurposeYear
$1M
CAPITAL CAMPAIGN SUPPORT
2024
$100K
for general operating support
2024
$25K
GENERAL FUND
2024
$25K
GENERAL SUPPORT
2024
$20K
Step Into Swim
2024
$18K
FOR GENERAL SUPPORT.
2024
$17K
UNRESTRICTED
2024
$10K
for general operating support
2024
$10K
GENERAL FUNDING
2024
$10K
GENERAL SUPPORT
2024
$6K
MULTIPLE GRANTS FOR MULTIPLE PURPOSES
2024
$1M
GENERAL
2023
$110K
For grant recipient's exempt purposes
2023
$31K
Learn to Swim
2023
$25K
For general operating support
2023
$10K
COMMUNITY SERVICE
2023
$7K
UNRESTRICTED
2023
$5K
For capital campaign support
2023
$2M
To support phase one of the V3 Sports Center capital campaign in north Minneapolis
2022
$500K
DONOR-RECOMMENDED, SPORTS & RECREATION
2022
$250K
V3 CENTER, HEALTH AND WELLNESS FACILITY IN NORTH MINNEAPOLIS
2022
$100K
For general operating support
2022
$100K
HUMAN SERVICES
2022
$25K
GENERAL SUPPORT
2022
$15K
Learn to Swim
2022
$11K
UNRESTRICTED
2022
$10K
COMMUNITY SERVICE
2022
$10K
GENERAL FUND
2022
$10K
For general operating support
2022
$250K
HUMAN SERVICES
2021
$11K
For grant recipient's exempt purposes
2021
$11K
For grant recipient's exempt purposes
2021
$7K
UNRESTRICTED
2021
$10K
COMMUNITY SERVICE
2020

Funded by

$10.6M from 19 funders · 39 grants · 2020–2024

The Sauer Family Foundation

$3M · 1 grant · 2023

The McKnight Foundation

$2.3M · 7 grants · 2022–2024

The Minneapolis Foundation

$1.6M · 2 grants · 2021–2022

Wem Foundation

$1M · 1 grant · 2023

Sit Investment Associates Foundation

$765K · 3 grants · 2020–2023

National Philanthropic Trust

$350K · 2 grants · 2021–2022

The Thielen Foundation Inc

$250K · 1 grant · 2022

Details

EIN474208106
NTEE codeN40
Subsection03
Ruling date2015-08
Formed2015
Employees87
Volunteers30
V3 SPORTS INC — Mission, Financials & Grants Received | Grantivo