2025-11-14T08:13:41-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2024-01-01 474208106 V3 SPORTS INC V3SP 6124943800 701 PLYMOUTH AVE N MINNEAPOLIS MN 55411 MALIK RUCKER EXECUTIVE DIRECTOR 6124943800 2025-11-11 1 1 ANN NEIL P01817922 6123764500 2025-11-11 2024 2025-03-06 01:10:19Z ANALYAH SCHLAEGER DOS SAN 701 PLYMOUTH AVE N MINNEAPOLIS MN 55411 2706548 0 1 X V3SPORTS.ORG X 2015 MN TO ELEVATE ITS COMMUNITY THROUGH WELLNESS, FITNESS, AND EDUCATION. 15 14 87 30 0 0 23029418 2298362 6710 110007 150484 279654 99 18525 23186711 2706548 12958775 6620240 0 0 370259 1365189 126073 376967 476667 1025620 2026842 14480727 10389238 8705984 -7682690 27898282 22537987 2849760 5183293 25048522 17354694 X THE MISSION OF V3 SPORTS IS TO ELEVATE ITS COMMUNITY (NORTH MINNEAPOLIS) THROUGH WELLNESS, FITNESS, AND EDUCATION. IN SERVING ITS MISSION, V3 SPORTS OPERATES THE V3 CENTER IN NORTH MINNEAPOLIS AND RUNS CULTURALLY RELEVANT PROGRAMMING THROUGH ITS STATE-OF-THE-ART AQUATICS, FITNESS AND COMMUNITY CENTER, WHICH HOSTS A CHILDCARE SERVICE, A BOYS AND GIRLS CLUB BRANCH AND A LOCALLY-OWNED RESTAURANT. 1 0 7746118 6620240 0 V3 SPORTS OPENED ITS DOORS TO THE FULL PUBLIC FOR THE FIRST TIME ON MAY 11TH, 2024. THIS SOFT OPENING WELCOMED HUNDREDS OF NEW VISITORS FROM NORTH MINNEAPOLIS, OFFERING THEM FREE ACCESS TO THE CENTER FOR THE MONTH OF MAY. AN ALL NEW MEMBERSHIP TEAM OF ONE FULL-TIME LEAD AND TEN PART-TIME SPECIALISTS, WHO HAD BEEN WORKING TOGETHER FOR LESS THAN A MONTH, REGISTERED OVER 300 MEMBERS IN THOSE FIRST SIX WEEKS!FOLLOWING OUR GRAND OPENING ON JUNE 22, 2024, THE V3 CENTER WENT ON TO SEE ANOTHER 800 MEMBERS SIGN-UP. THE FOUNDATION OF AN AMAZING COMMUNITY WAS FORMED. EVEN MORE IMPRESSIVE IS THAT 80% OF MEMBERS HERE AT THE V3 CENTER RESIDE IN NORTH MINNEAPOLIS!THE FIRST YEAR WAS A TREMENDOUS SUCCESS FOR OUR YOUNG ORGANIZATION, AS MEMBERSHIP POLICIES AND AGREEMENTS WERE DRAFTED AND IMPLEMENTED, NEW SOFTWARE WAS MASTERED, OPERATIONAL PROCESSES WERE DEVELOPED AND OUR TEAM BATTLED THROUGH THE INEVITABLE GROWING PAINS THAT COME ALONG WITH STARTING A BUSINESS. IT WAS AN EXCITING AND CHALLENGING YEAR OF BUILDING A STRONG MEMBERSHIP OPERATION THAT WILL SERVE THE COMMUNITY FOR GENERATIONS. 827264 0 110007 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. 8573382 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 1 0 1 1 0 0 0 0 1 0 0 0 1 34 0 1 87 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 14 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X THE ORGANIZATION 6124943800 701 PLYMOUTH AVE N MINNEAPOLIS MN 55411 ANALYAH SCHLAEGER DOS SANTOS BOARD CHAIR 1.00 X X 0 0 0 WOKIE WEAH VICE CHAIR 0.50 X X 0 0 0 RICKY MARGARIT TREASURER 1.00 X X 0 0 0 MELISSA FROEHLE SECRETARY 0.50 X X 0 0 0 ERIKA BINGER FOUNDING DIRECTOR AND COACH 20.00 X X 0 0 0 ISAAC DE SOUZA DIRECTOR 0.50 X 0 0 0 EZRA HYLAND DIRECTOR 0.50 X 0 0 0 HENRY LAKE DIRECTOR 0.50 X 0 0 0 TRU PETTIGREW DIRECTOR 0.50 X 0 0 0 DAVID PLUMMER DIRECTOR 0.50 X 0 0 0 DR AYANNA RAKHU DIRECTOR 0.50 X 4216 0 0 LAURA SHINGLER DIRECTOR 0.50 X 0 0 0 DARRELL THOMPSON DIRECTOR 0.50 X 0 0 0 JEROME TREADWELL DIRECTOR 0.50 X 0 0 0 TAMERA WILLIAMS DIRECTOR 0.50 X 0 0 0 JACQUELINE D STREBE DIRECTOR OF FINANCE AND OPERATIONS 40.00 X 95707 0 23577 MALIK RUCKER EXECUTIVE DIRECTOR 40.00 X 149247 0 7145 LUKE DAY DIRECTOR OF FACILITIES 40.00 X 117697 0 7981 366867 0 38703 2 0 1 0 RJM CONSTRUCTION LLC 830 BOONE AVE NORTH GOLDEN VALLEY MN 55427 CONSTRUCTION 5726619 FINANCIAL SERVICES CONSULTING GROUP 121 NORTH WASHINGTON AVE 4TH FLR MINNEAPOLIS MN 55401 FINANCIAL CONSULTING SERVICES 214950 PETERSEN CONSULTANTS 2080 MARY HILLS DRIVE GOLDEN VALLEY MN 55422 FUNDRAISING CONSULTING SERVICES 162000 SANKOFA SWIM INTERNATIONAL LLC 111 E KELLOGG BLVD UNIT 2A SAINT PAUL MN 55101 AQUATIC PROGRAM DEVELOPMENT 126500 CLIFTONLARSONALLEN LLP 220 S 6TH ST STE 300 MINNEAPOLIS MN 55402 ACCOUNTING SERVICES 110620 5 181198 2117164 258592 2298362 AQUATIC INSTRUCTION 611620 110007 110007 110007 279654 279654 18525 0 18525 18525 18525 2706548 110007 0 298179 6620240 6620240 254394 254394 952327 400468 492145 59714 6374 615 5759 58500 29013 27461 2026 93594 61538 26950 5106 2897 2897 180704 180704 36000 36000 376967 376967 421301 286107 132310 2884 212032 212032 249027 82643 154061 12323 554281 537528 5278 11475 22412 7438 13865 1109 77632 75285 740 1607 146764 142328 1398 3038 EVENT EXPENSES 63144 63144 MEMBERSHIP, AQUATICS AN 42199 42199 BAD DEBT 10000 10000 BANK AND CREDIT CARD FE 7728 2565 4781 382 721 239 446 36 10389238 8573382 1339189 476667 2001976 4144352 12695342 789225 342522 6160 97285 4300200 4300200 33533 72298 6117664 77632 1727526 6040032 4431210 6344320 3110088 27898282 22537987 2849760 1027563 7165 928661 0 3219904 2849760 5183293 X 24165250 15734201 883272 1620493 25048522 17354694 27898282 22537987 -7682690 -11138 0 X X 0 1 X 1 0 X 29292 5722643 16040095 23029418 2298362 47119810 29292 5722643 16040095 23029418 2298362 47119810 30549183 16570627 2 3961 26840 150583 298179 479565 550 2112 2662 47602037 117724 0.34810 0.31470 X 0.84330 0.00400 SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2021 AMOUNT: $ 550. 2022 AMOUNT: $ 2,112. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 36000 0 0 36000 0 1202796 1202796 822932 822932 1128437 77632 1050805 2963499 2963499 6040032 RIGHT OF USE ASSETS 3092709 DUE FROM RELATED PARTY 17379 3110088 LEASE LIABILITIES 3219904 3219904 2791821 -11138 96411 85273 2706548 0 2706548 10485649 96411 96411 10389238 0 10389238 X X X X X 1 PETERSEN CONSULTING 2080 MARY HILLS DRIVE MINNEAPOLIS MN 55422 FUNDRAISING 0 0 155903 -155903 THE FINANCIAL SERVICES CONSULTING GROUP 121 NORTH WASHINGTON AVE 4TH FLOOR MINNEAPOLIS MN 55401 FUNDRAISING 0 0 217765 -217765 373668 -373668 MN 1 V3 FOUNDATION 701 PLYMOUTH AVENUE NORTH MINNEAPOLIS MN 55411 932899435 501(C)(3) 14550 6605690 BOOK CONSTRUCTION IN PROGRESS FOR THE CONSTRUCTIONS OF V3 CENTER 1 0 X X X X 0 0 0 0 0 0 0 0 0 MALIK RUCKER EXECUTIVE DIRECTOR 149247 0 0 0 0 0 1617 0 5528 0 156392 0 0 0 AYANNA RAKHU BOARD MEMBER AND 35% OWNER OF SANKOFA SWIM INTERNATIONAL LLC 126500 AQUATIC PROGRAMMING SERVICES 0 X 2 258592 FMV 0 0 0 0 PART I, COLUMN (B): COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART III, LINE 2 V3 SPORTS, INC. COMPLETED PHASE 1 OF ITS COMMUNITY CENTER IN 2024, WITH ITS GRAND OPENING IN JUNE. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATIONS BYLAWS WERE AMENDED TO REWORD AND ADD CLARIFYING DETAILS. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C MONITORING AND ENFORCING COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. OFFICERS ARE REQUIRED TO REVIEW ANNUALLY THE ORGANIZATION'S CONFLICT OF INTEREST POLICY AND DISCLOSE ANY CONFLICTS ARISING AT THAT TIME OR ANY SUBSEQUENT TIME. ALL CONFLICTS OF INTEREST ARE RESOLVED IN ACCORDANCE WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS AND HIRING MANAGERS USED COMPENSATION DATA FROM THE MINNESOTA COUNCIL OF NONPROFITS AS WELL AS COMPARABLE DATA FROM OTHER FORM 990S. THE BOARD OF DIRECTORS HAD A THOROUGH AND DELIBERATIVE SEARCH PROCESS FOR THE EXECUTIVE DIRECTOR POSITION. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES IT GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT AUDITOR IS THE RESPONSIBILITY OF THE AUDIT & FINANCE COMMITTEE, HOWEVER APPROVAL IS REQUIRED BY THE BOARD OF DIRECTORS. V3 FOUNDATION 701 PLYMOUTH AVENUE NORTH MINNEAPOLIS MN 554114247 932899435 FINANCIAL MN 501(C)(3) LINE 12A, I N/A 0 0 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 V3 FOUNDATION B 6620240 FMV V3 FOUNDATION K 181945 FMV