Detroit Skating Club Inc
- Assets
- $5.6m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 31
- Location
- Bloomfield Hills, MI
- Founding
- 06/1994
- Data as of
- 05/2023
- EIN
- 38-1350642
Organization Overview
Detroit Skating Club Inc is located in Bloomfield Hills, MI. The organization was established in 1994. 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 05/2023, Detroit Skating Club Inc employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Detroit Skating Club Inc 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 05/2023, Detroit Skating Club Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $2.5m during the year ending 05/2023. While expenses have increased by 0.5% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
IT IS THE DETROIT SKATING CLUB'S MISSION TO CULTIVATE PROGRAMS AND PROVIDE FACILITIES FOR THE ICE SPORTS COMMUNITY THAT ENABLE PARTICIPANTS TO ACHIEVE THEIR GOALS IN A SAFE ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOSTERING, SUPPORTING, DEVELOPING AND PROMOTING OF AMATEUR ATHLETES WHO ARE TRAINING FOR AND/OR PARTICIPATING IN NATIONAL OR INTERNATIONAL FIGURE SKATING, SPEED SKATING OR HOCKEY COMPETITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tina Maxbauer President | OfficerTrustee | 10 | $0 |
Kim Bland Vice Preside | OfficerTrustee | 10 | $0 |
Biana Hamady Treasurer | OfficerTrustee | 10 | $0 |
Kati Becker Secretary | OfficerTrustee | 10 | $0 |
Maria Pacis-Biederman Director | Trustee | 10 | $0 |
Amy Francis Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $63,286 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $72,354 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,774 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $176,414 |
| Total Program Service Revenue | $2,378,184 |
| Investment income | $2,558 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $69,168 |
| 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 | $2,626,324 |
| 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. | $96,825 |
| Compensation of current officers, directors, key employees. | $16,314 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $661,231 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $49,533 |
| Payroll taxes | $48,366 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $630 |
| Fees for services: Accounting | $96,329 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,428 |
| Advertising and promotion | $2,001 |
| Office expenses | $21,521 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $603,058 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $197,724 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $289,180 |
| Insurance | $49,430 |
| All other expenses | $7,910 |
| Total functional expenses | $2,531,123 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,753 |
| Savings and temporary cash investments | $192,071 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $196,695 |
| 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 | $24,303 |
| Net Land, buildings, and equipment | $5,206,974 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,621,796 |
| Accounts payable and accrued expenses | $161,849 |
| Grants payable | $0 |
| Deferred revenue | $122,952 |
| Tax-exempt bond liabilities | $3,521,247 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $497,543 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,303,591 |
| Net assets without donor restrictions | $1,318,205 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $5,621,796 |