Greenwich Skating Club Inc
- Assets
- $5.9m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 58
- Location
- Greenwich, CT
- Founding
- 03/1977
- Data as of
- 04/2022
- EIN
- 06-0703613
Organization Overview
Greenwich Skating Club Inc is located in Greenwich, CT. The organization was established in 1977. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 04/2022, Greenwich Skating Club Inc employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greenwich Skating Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 04/2022, Greenwich Skating Club Inc generated $2.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $2.1m during the year ending 04/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MEMBERSHIP BASED RECREATIONAL SOCIAL CLUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF SPORTSMANSHIP AND COMMUNITY ACTIVITY THROUGH OUTDOOR HOCKEY AND FIGURE SKATING PROGRAMS. CLUB HAD 249 MEMBERS IN FISCAL YEAR ENDED APRIL 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brent Brower General Manager | 1 | $115,500 | |
Harry Schwefel Vice President | OfficerTrustee | 0 | $0 |
Jon Erensen Secretary | OfficerTrustee | 0 | $0 |
Jason Gilbride Treasurer | OfficerTrustee | 0 | $0 |
Jason Price President | OfficerTrustee | 0 | $0 |
Molly Schiff Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,013,269 |
| Investment income | $21,685 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,157,078 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $686,980 |
| Pension plan accruals and contributions | $24,846 |
| Other employee benefits | $0 |
| Payroll taxes | $62,068 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,086 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,400 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $182,162 |
| Insurance | $71,620 |
| All other expenses | $208,537 |
| Total functional expenses | $2,137,078 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,959 |
| Savings and temporary cash investments | $1,055,774 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,082 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,662 |
| Prepaid expenses and deferred charges | $26,596 |
| Net Land, buildings, and equipment | $4,720,207 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,837 |
| Total assets | $5,883,117 |
| Accounts payable and accrued expenses | $19,223 |
| Grants payable | $0 |
| Deferred revenue | $319,663 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $338,886 |
| Net assets without donor restrictions | $5,538,751 |
| Net assets with donor restrictions | $5,480 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,883,117 |
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