Washington Ice Skating Association
- Assets
- $5.3m
- Revenue
- $957.5k
- Investments
- $0.0
- Employees
- 34
- Location
- Mountlake Terrace, WA
- Founding
- 03/1990
- Data as of
- 12/2020
- EIN
- 91-1444568
Organization Overview
Washington Ice Skating Association is located in Mountlake Terrace, WA. The organization was established in 1990. 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 12/2021, Washington Ice Skating Association employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington Ice Skating 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 12/2020, Washington Ice Skating Association generated $957.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.1%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION AND GROWTH OF FIGURE SKATING AND AMATEUR HOCKEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN ORDER TO ACHIEVE THE GOAL OF PROMOTING FIGURE SKATING AND AMATEAUR HOCKEY, WISA OPERATES BOTH THE OLYMPIC VIEW ARENA AND LYNNWOOD ICE CENTER. IN ADDITION TO FACILITY OPERATIONS, WE PROVIDE OPERATIONAL SUPPORT OF BOTH YOUTH HOCKEY AND YOUTH FIGURE SKATING. PROGRAMS THAT TAKE PLACE AT OUR FACILITIES RANGE FROM BASIC SKILLS PROGRAMS TO PROGRAMS THAT SUPPORT ADVANCING SKATERS IN BOTH YOUTH HOCKEY AND FIGURE SKATING. PUBLIC SESSIONS ARE ALSO HELD AT LYNNWOOD ICE CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John R Beadle Secretary/treasurer | OfficerTrustee | 1 | $0 |
Elizabeth Cadez-Olsen Vice-President | OfficerTrustee | 1 | $0 |
Mike Murphy President | OfficerTrustee | 1 | $0 |
Kevin Black Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,290 |
| Investment income | $79 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $64,274 |
| 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 | -$207 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $957,514 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $464,253 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $30,196 |
| Payroll taxes | $40,660 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,845 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,235 |
| Advertising and promotion | $0 |
| Office expenses | $67,917 |
| Information technology | $563 |
| Royalties | $0 |
| Occupancy | $314,891 |
| Travel | $617 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $310 |
| Interest | $159,120 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $238,915 |
| Insurance | $30,713 |
| All other expenses | $0 |
| Total functional expenses | $1,452,333 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,127 |
| Savings and temporary cash investments | $317,493 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $6,276 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,256,534 |
| Accounts payable and accrued expenses | $20,586 |
| 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 | $3,423,684 |
| Unsecured mortgages and notes payable | $129,024 |
| Other liabilities | $0 |
| Total liabilities | $3,573,294 |
| 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 |
| Total liabilities and net assets/fund balances | $1,683,240 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Washington Ice Skating Association has recieved totaling $30,009.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $30,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $9 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sun Valley Ski Education Foundation Inc Sun Valley, ID | $6,420,389 | $4,613,457 |
Oregon State Snowmobile Association Bend, OR | $3,168,256 | $2,113,317 |
Anchorage Hockey Association Ltd Anchorage, AK | $283,456 | $2,044,014 |
Mt Bachelor Sports Education Foundation Bend, OR | $3,761,449 | $2,868,671 |
Puget Sound Amateur Icesports Association Tacoma, WA | $12,226 | $1,608,298 |
Washington Ice Skating Association Mountlake Terrace, WA | $5,256,534 | $957,514 |
Anchorage Ski Club Inc Anchorage, AK | $1,107,051 | $1,152,538 |
Alyeska Ski Club Inc Girdwood, AK | $1,171,214 | $1,188,304 |
Hatcher Alpine Xperience Palmer, AK | $1,534,215 | $689,888 |
Far West Ski Association Battle Ground, WA | $779,277 | $801,282 |
South Anchorage Hockey Association Anchorage, AK | $567,628 | $814,114 |
Kenai Peninsula Hockey Association Kenai, AK | $0 | $755,270 |