North Atlantic Figure Skating Club
- Assets
- $195.8k
- Revenue
- $321.4k
- Investments
- $0.0
- Employees
- 13
- Location
- Falmouth, ME
- Founding
- 01/1999
- Data as of
- 06/2023
- EIN
- 01-0518428
Organization Overview
North Atlantic Figure Skating Club is located in Falmouth, ME. The organization was established in 1999. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, under the broad grouping of Recreation & Sports and related organizations. As of 06/2023, North Atlantic Figure Skating Club employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Atlantic 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 06/2023, North Atlantic Figure Skating Club generated $321.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $277.2k during the year ending 06/2023. While expenses have increased by 2.6% per year over the past 7 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
PROVIDING FIGURE SKATING INSTRUCTION, CERTIFICATION, AND ICE RENTAL TIME TO MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENCOURAGE THE INSTRUCTION, PRACTICE, AND ADVANCEMENT OF MEMBERS IN ALL TYPES OF FIGURE SKATING. TO PROMOTE HARMONY AMONG MEMBERS, TO ENCOURAGE AND CULTIVATE A SPIRIT OF FRATERNAL FEELING AMONG SKATERS, TO SPONSOR, PRODUCE, AND PARTICIPATE IN THE PRODUCTION OF AMATEUR ICE CARNIVALS AND SHOWS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jen Hayes Director At Large | Trustee | 2 | $0 |
Dora Windsor Bowe Director At Large | Trustee | 2 | $0 |
Dave Schwetz Director At Large | Trustee | 2 | $0 |
Jean Kahn Director At Large | Trustee | 2 | $0 |
Auston Reeves Treasurer | Trustee | 2 | $0 |
Amy Dultz Secretary | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $4,621 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,621 |
| Total Program Service Revenue | $316,316 |
| Investment income | $505 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $321,442 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,755 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,780 |
| 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 | $0 |
| Insurance | $1,770 |
| All other expenses | $19,996 |
| Total functional expenses | $277,193 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $195,794 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $195,794 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 | $195,794 |
| Total liabilities and net assets/fund balances | $195,794 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New England Nordic Ski Association Waterville Valley, NH | $1,378,222 | $461,075 |
North Atlantic Figure Skating Club Falmouth, ME | $195,794 | $321,442 |
Upper Valley Rowing Foundation Hanover, NH | $614,801 | $279,963 |
Western Maine Conference Durham, ME | $32,912 | $0 |
Youth New England Wrestling Inc Alexandria, NH | $3,626 | $0 |
Maine Senior Games Portland, ME | $59,331 | $0 |
New Hampshire Annual Sports Competition Foundation Inc Goffstown, NH | $30,895 | $0 |
Road Runners Club Of America Nashua, NH | $88,969 | $0 |
Epping Youth Athletic Association Epping, NH | $39,630 | $0 |
United States Yoga Federation Portsmouth, NH | $77,752 | $0 |
Amateur Athletic Union Of The United States Nashua, NH | $0 | $0 |
Granite State Senior Games Inc Manchester, NH | $34,966 | $32,834 |
Amateur Athletic Union Of The United States Portland, ME | $9,735 | $12,297 |