Albert Lea Figure Skating Club
- Assets
- $80.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Albert Lea, MN
- Founding
- 08/2010
- Data as of
- 06/2024
- EIN
- 41-6057020
Organization Overview
Albert Lea Figure Skating Club is located in Albert Lea, MN. The organization was established in 2010. According to its NTEE Classification (N30) the organization is classified as: Physical Fitness & Community Recreational Facilities, 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. Albert Lea Figure Skating Club 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 06/2024, Albert Lea Figure Skating Club generated $56.6k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $49.4k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
TO DEVELOP, ENCOURAGE, AND PROMOTE FIGURE SKATING AS A SPORT WITH EMPHASIS ON THE DEVELOPMENT OF CONFIDENCE AND SELF ESTEEM IN EACH SKATER.THE CLUB HAS 57 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erica Samp President | 4 | $0 | |
Kelly Peterson Vice President | 4 | $0 | |
Beth Barclay Secretary | 4 | $0 | |
Natalie Loock Treasurer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,744 |
| Total Program Service Revenue | $49,737 |
| Membership dues | $0 |
| Investment income | $30 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$6,311 |
| Other Revenue | $8,370 |
| Total Revenue | $56,570 |
| 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 | $17,916 |
| Occupancy, rent, utilities, and maintenance | $28,325 |
| Printing, publications, postage, and shipping | $234 |
| Other expenses | $2,876 |
| Total expenses | $49,351 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $80,700 |
| Other assets | $0 |
| Total assets | $80,700 |
| Total liabilities | $0 |
| Net assets or fund balances | $80,700 |