Colonial Figure Skating Club Inc is located in West Acton, MA. The organization was established in 2005. 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 06/2022, Colonial Figure Skating Club Inc employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colonial Figure Skating Club 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 06/2022, Colonial Figure Skating Club Inc generated $975.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE & FOSTER NATIONAL & INTERNATIONAL AMATEUR FIGURE SKATING COMPETITION IN COMPULSORY FIGURES, FREE SKATING, PAIR SKATING, DANCING, PRECISION & ANY OTHER TYPE OF FIGURE SKATING; TO ENCOURAGE THE INSTRUCTION, PRACTICE & ADVANCEMENT OF MEMBERS IN NATIONAL & INTERNATIONAL FIGURE SKATING COMPETITION OF ALL TYPES & KIND; TO CARRY OUT THE GENERAL POLICIES OF THE UNITED STATES FIGURE SKATING ASSOCIATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICES - WHICH INCLUDES THE COLONIALS, ASPIRE AND THEATRE ON ICE.
COMPETITIVE EVENTS - WHICH INCLUDES BAY STATE GAMES, CONLINIAL CLASSIC, COLONIAL OPEN, ADULT CHALLENGE AND ICE CRYSTALS SHOW.
FREESTYLE ICE
OTHER MISCELLANEOUS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Patricia Flanagan Director | OfficerTrustee | $80,000 | |
Amy Allen Vice Preside | OfficerTrustee | 8 | $320 |
Jill Greene President | OfficerTrustee | $0 | |
Ketki Hatle Director | OfficerTrustee | $0 | |
Tricia Nguyen Treasurer | OfficerTrustee | $0 | |
Laura Marcotte Clerk | OfficerTrustee | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $51,908 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $59,112 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $111,020 |
Total Program Service Revenue | $863,323 |
Investment income | $1,389 |
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 | $975,732 |
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 | $286,605 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $23,775 |
Fees for services: Management | $0 |
Fees for services: Legal | $3,890 |
Fees for services: Accounting | $25,151 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $4,943 |
Advertising and promotion | $513 |
Office expenses | $10,387 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $6,669 |
Travel | $30,732 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $91 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $6,753 |
Insurance | $7,641 |
All other expenses | $116,641 |
Total functional expenses | $1,129,757 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $155,672 |
Savings and temporary cash investments | $26,022 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $18,531 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $30,927 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $14,536 |
Net Land, buildings, and equipment | $48,265 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $293,953 |
Accounts payable and accrued expenses | $52,640 |
Grants payable | $0 |
Deferred revenue | $53,270 |
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 | $95,800 |
Other liabilities | $5,526 |
Total liabilities | $207,236 |
Net assets without donor restrictions | $86,717 |
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 | $293,953 |
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