Talent Skatepark Inc
- Assets
- $297.3k
- Revenue
- $292.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Burlington, VT
- Founding
- 05/2019
- Data as of
- 12/2021
- EIN
- 83-2423468
Organization Overview
Talent Skatepark Inc is located in Burlington, VT. The organization was established in 2019. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, 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. Talent Skatepark 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 12/2021, Talent Skatepark Inc generated $292.6k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $332.1k during the year ending 12/2021. While expenses have increased by 2.0% per year over the past 2 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE COMPANY PROVIDES COMMUNITY OUTREACH THROUGH YOUTH SKATEBOARDING CAMPS, LESSONS, AND SALES OF SUPPORTING GOODS AND SERVICES. THE ORGANIZATION ALSO PROVIDES SCHOLARSHIPS SUPPORTED BY DONATIONS TO UNDER SERVED AND DISADVANTAGED YOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TALENT SKATEPARK PROVIDES ALL DAY SUMMER CAMPS AS WELL AS ALL DAY CLINICS TO TEACH CHILDREN HOW TO SKATEBOARD AND TO PROVIDE THEM WITH A SAFE ENVIRONMENT TO LEARN AND MAKE FRIENDS. THE CAMPS ARE WEEK LONG DAY CAMPS THAT ARE OFFERED FOR 8 WEEKS THROUGHOUT SCHOOL SUMMER BREAK DURING JULY THROUGH AUGUST. THE DAY CAMPS ARE OFFERED DURING DECEMBER CHRISTMAS BREAK, FEBRUARY BREAK, AND DURING APRIL SCHOOL BREAK. DURING COVID THERE WERE MORE THAN 150 CHILDREN WHO ATTENDED SUMMER CAMPS AND MORE THAT TOOK THE DAY LONG CLINICS OFFERED THROUGHOUT THE YEAR. CHILDREN WHO ARE RECOMMENDED TO THE ORGANIZATION THROUGH SCHOOL COUNSELOR REFERRALS ARE PROVIDED A WEEK OF SUMMER CAMP AS WELL AS ALL THE REQUIRED SAFETY GEAR AND SKATEBOARD ARE PROVIDED SCHOLARSHIPS AND ATTEND FREE OF CHARGE AND ARE DONATED THE GEAR. THIS IS DONE CONFIDENTIALLY. TALENT SKATEPARK ALSO PROVIDES PRIVATE AND SEMI PRIVATE LESSONS ON AN ONGOING BASIS ON WEEKENDS.
THE INDOOR SKATEBOARD FACILITY IS ALSO OPEN NORMAL HOURS AS A SAFE COMMUNITY GATHER FOR SKATEBOARDING FOR A NOMINAL FEE. THESE OPEN SESSIONS ALLOW FOR THE DROP OFF OF CHILDREN TO SKATE AT THEIR LEISURE IN OUR FACILITY IN A NOURISHING, AND SAFE ENVIRONMENT THAT HAS ADULT SUPERVISION. THESE OPEN SKATEBOARD SESSIONS SAW OVER 1,400 USERS THROUGHOUT THE YEAR EVEN DURING LIMITED OFFERINGS DURING THE COVID PROVISIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hannah Wood Director | Trustee | 40 | $52,885 |
Melissa Hathaway Chairperson | Officer | 1 | $0 |
Shayne Millette Treasurer | Officer | 1 | $0 |
Creston Lea Secretary | Officer | 1 | $0 |
Pam Moreau Board Member | Officer | 1 | $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 | $83,596 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $83,596 |
| Total Program Service Revenue | $98,875 |
| Investment income | $0 |
| 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 | $110,127 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $292,598 |
| 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. | $52,885 |
| Compensation of current officers, directors, key employees. | $52,885 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $79,761 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,664 |
| Fees for services: Management | $6,608 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,401 |
| Office expenses | $12,647 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $58,775 |
| 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 | $37,763 |
| Insurance | $2,960 |
| All other expenses | $8,415 |
| Total functional expenses | $332,110 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,441 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $115,589 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $122,289 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $297,319 |
| Accounts payable and accrued expenses | $82,598 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $82,598 |
| 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 | $214,721 |
| Total liabilities and net assets/fund balances | $297,319 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Talent Skatepark Inc has recieved totaling $5,152.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $5,125 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $27 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Park Conservancy Inc New York, NY | $389,474,475 | $64,665,936 |
City Parks Foundation Inc New York, NY | $46,351,327 | $21,146,324 |
Pier55 Inc New York, NY | $281,389,922 | $61,475,219 |
Bryant Park Corporation New York, NY | $13,271,219 | $15,814,011 |
Paul Simons Foundation Inc Stony Brook, NY | $121,782,003 | $9,487,542 |
Prospect Park Alliance Inc Brooklyn, NY | $34,463,999 | $14,619,569 |
Avalon Nature Preserve Inc Stony Brook, NY | $43,010,885 | $9,560,636 |
Rose Fitzgerald Kennedy Greenway Conservancy Inc Boston, MA | $31,444,070 | $8,732,611 |
Ymca Of Marthas Vineyard Inc Vineyard Haven, MA | $24,356,522 | $5,436,042 |
Friends Of Hudson River Park Inc New York, NY | $3,524,338 | $4,419,034 |
White Haven Memorial Park Inc Pittsford, NY | $20,072,674 | $7,692,818 |
Brooklyn Bridge Park Conservancy Inc Brooklyn, NY | $1,828,447 | $2,751,779 |