Falcons Hockey Association
- Assets
- $144.7k
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 46
- Location
- Highland Park, IL
- Founding
- 01/1973
- Data as of
- 05/2022
- EIN
- 23-7248441
Organization Overview
Falcons Hockey Association is located in Highland Park, IL. The organization was established in 1973. According to its NTEE Classification (N68) the organization is classified as: Winter Sports, under the broad grouping of Recreation & Sports and related organizations. As of 05/2022, Falcons Hockey Association employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Falcons Hockey Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2022, Falcons Hockey Association generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $2.6m during the year ending 05/2022. While expenses have increased by 2.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
YOUTH HOCKEY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING HOCKEY INSTRUCTION/DEVELOPMENT FOR YOUTHS AGES 3-16
COACHING FEES PAID TO DIRECTORS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Boudreau Director | $135,111 | ||
Thomas Miller Director | $124,826 | ||
Nick Meo VP Operation | OfficerTrustee | 2.5 | $86,387 |
Efren Heredia VP House | OfficerTrustee | 2.5 | $31,354 |
Mark Passalino Travel Direc | Trustee | 0.25 | $25,278 |
Glenn Agrest Executive VP | OfficerTrustee | 5 | $21,371 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $208,272 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $243,272 |
| Total Program Service Revenue | $2,365,808 |
| Investment income | $2,755 |
| 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 | $2,611,835 |
| 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. | $140,109 |
| Compensation of current officers, directors, key employees. | $34,505 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $615,882 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $93,766 |
| Payroll taxes | $67,218 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,600 |
| Fees for services: Accounting | $25,195 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $224,704 |
| Advertising and promotion | $30,482 |
| Office expenses | $1,010 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $700 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,768 |
| Interest | $7,692 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $54,525 |
| Total functional expenses | $2,553,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,373 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $116,039 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $14,253 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $144,665 |
| Accounts payable and accrued expenses | $72,596 |
| Grants payable | $0 |
| Deferred revenue | $8,750 |
| 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 | $170,884 |
| Other liabilities | $0 |
| Total liabilities | $252,230 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | -$107,565 |
| Total liabilities and net assets/fund balances | $144,665 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amateur Hockey Assoc Illinois Inc Elk Grove Village, IL | $1,304,353 | $3,600,631 |
Chesterfield Hockey Association Chesterfield, MO | $17,706,117 | $4,533,381 |
Sabre Hockey Association Naperville, IL | $660,750 | $2,725,908 |
Chicago Mission Aaa Hockey Club Chicago, IL | $91,949 | $3,146,762 |
Team Illinois Hockey Club Barrington, IL | $1,289,943 | $2,565,201 |
Chicago Young Americans Amateur Hockey Association Frankfort, IL | $180,153 | $2,181,260 |
American Birkebeiner Ski Foundation Inc Hayward, WI | $7,179,042 | $2,764,424 |
Hawks Hockey Club Nfp Darien, IL | $1,224,811 | $2,991,552 |
Falcons Hockey Association Highland Park, IL | $144,665 | $2,611,835 |
West Dundee Hockey Club West Dundee, IL | $240,821 | $2,041,949 |
Fire Wagon Hockey Inc Crystal Lake, IL | $7,023,638 | $1,827,523 |
Milwaukee Jr Admirals Inc Milwaukee, WI | $378,879 | $1,815,838 |