Figure Skating Club Of Minneapolis
- Assets
- $22.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 01/1985
- Data as of
- 05/2023
- EIN
- 41-1286388
Organization Overview
Figure Skating Club Of Minneapolis is located in Minneapolis, MN. The organization was established in 1985. According to its NTEE Classification (N68) the organization is classified as: Winter Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Figure Skating Club Of Minneapolis 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, Figure Skating Club Of Minneapolis generated $126.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.8%) each year. All expenses for the organization totaled $141.5k during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by (8.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE THE INSTRUCTION, PRACTICE & ADVANCEMENT OF MEMBERS IN MOVES IN THE FIELD, FREE SKATING, PAIR SKATING, SYNCHRONIZED TEAM & ALL TYPES OF FIGURE SKATING; TO ENCOURAGE & CULTIVATE A SPIRIT OF FRATERNAL FEELING AMONG ICE SKATERS, TO SPONSOR, TO PRODUCE OR COOPERATE IN THE PRODUCTION OF AMATEUR ICE SHOWS & COMPETITIONS; & TO CARRY OUT THE GENERAL POLICIES OF THE UNITED STATES FIGURE SKATING ASSOCIATION.
Describe the Organization's Program Activity:
Part 3
CLUB ICE CONTRACT & COMPETITION SPONSORSHIPS - APPROX 50 AMATEUR INDIVIDUAL & TEAM SKATERS WERE PROVIDED ICE FACILITIES FOR PRACTICE & TRAINING (INCLUDING APPROX 500 HOURS OF ICE TIME). THE CLUB SPONSORS AN ICE SHOW & COMPETITION.
SKATING ACADEMY - APPROX 140 CHILDREN & ADULTS WERE TAUGHT BASIC ICE SKATING SKILLS. STUDENTS WERE TESTED TO DETERMINE ACHIEVEMENT.
MIDWEST OPEN COMPETITION WITH APPROX 235 COMPETITORS FROM THE MIDWEST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Annika Callaghan President | 10 | $0 | |
Rachelle Brockwell Vice President | 10 | $0 | |
Claire Deering Treasurer | 10 | $0 | |
Kim Peterson Secretary | 10 | $0 | |
Debbie Taleen Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $121,885 |
| Membership dues | $4,906 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $126,821 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $19,937 |
| Occupancy, rent, utilities, and maintenance | $81,982 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $39,605 |
| Total expenses | $141,524 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $22,437 |
| Other assets | $0 |
| Total assets | $22,467 |
| Total liabilities | $7,718 |
| Net assets or fund balances | $14,749 |