Cambridge Skating Club
- Assets
- $1.2m
- Revenue
- $409.6k
- Investments
- $1.1m
- Employees
- 2
- Location
- Cambridge, MA
- Founding
- 04/1934
- Data as of
- 08/2023
- EIN
- 04-1145220
Organization Overview
Cambridge Skating Club is located in Cambridge, MA. The organization was established in 1934. 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 08/2023, Cambridge Skating Club employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cambridge Skating Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 08/2023, Cambridge Skating Club generated $409.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $351.3k during the year ending 08/2023. While expenses have increased by 4.8% per year over the past 8 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
CAMBRIDGE SKATING CLUB IS A PRIVATE CLUB CONSTITUTED FOR THE PURPOSE OF ENCOURAGING ATHLETIC EXERCISES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES ICE SKATING FACILITIES AND RELATED SERVICES AND SOCIAL ACTIVITIES TO IT'S MEMBERS AND, TO A LIMITED DEGREE, MEMBER GUESTS.
THE ORGANIZATION PROVIDES TENNIS FACILITIES AND RELATED SERVICES TO THE CAMBRIDGE TENNIS CLUB.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andus Baker President | OfficerTrustee | 4 | $0 |
George Sacerdote Treasurer | OfficerTrustee | 2 | $0 |
Nunzi Sapuppo Asst Treasurer | OfficerTrustee | 1 | $0 |
Carolyn O'brien Secretary | OfficerTrustee | 1 | $0 |
John Greenup Trustee | Trustee | 1 | $0 |
Angela Greland Trustee | Trustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $392,829 |
| Investment income | $19,734 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,960 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $409,603 |
| 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 | $65,890 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,325 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $913 |
| Fees for services: Accounting | $10,381 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,363 |
| Advertising and promotion | $12,745 |
| Office expenses | $7,144 |
| Information technology | $6,194 |
| Royalties | $0 |
| Occupancy | $49,957 |
| 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 | $3,200 |
| Insurance | $18,838 |
| All other expenses | $2,879 |
| Total functional expenses | $351,347 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $223 |
| Savings and temporary cash investments | $32,046 |
| 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 | $98,657 |
| Investments—publicly traded securities | $6,539 |
| Investments—other securities | $1,052,694 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,190,159 |
| 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 | $362 |
| Total liabilities | $362 |
| Net assets without donor restrictions | $1,189,797 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,190,159 |