Newport Ski Club
- Assets
- $800.2k
- Revenue
- $99.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Middletown, RI
- Founding
- 02/1997
- Data as of
- 05/2022
- EIN
- 22-3487146
Organization Overview
Newport Ski Club is located in Middletown, RI. The organization was established in 1997. According to its NTEE Classification (N68) the organization is classified as: Winter Sports, 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. Newport Ski Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 05/2022, Newport Ski Club generated $99.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $52.2k during the year ending 05/2022. 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
PROMOTION OF RECREATIONAL AND SOCIAL EVENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES RELATED TO THE ACTIVIES OF THE CLUB AT IT'S VERMONT SKI LODGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ross Farrugia President | Officer | 10 | $0 |
Stephen Corbett Vice President | Officer | 10 | $0 |
Elliott Perchuk Treasurer | Officer | 10 | $0 |
Angela Chabot Member At Large | Officer | 10 | $0 |
Anna Dye Correspondingsecretary | Officer | 10 | $0 |
Jan Russell Recording Secretary | Officer | 10 | $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 | $0 |
| Investment income | $16 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $49,616 |
| 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 | $99,248 |
| 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 | $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 | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| All other expenses | $52,210 |
| Total functional expenses | $52,210 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,181 |
| Savings and temporary cash investments | $30,003 |
| 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 | $750,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $800,184 |
| 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 | $800,184 |
| 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 | $800,184 |
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| Organization Name | Assets | Revenue |
|---|---|---|
The Skating Club Of Boston Norwood, MA | $69,699,987 | $7,906,806 |
Darien Youth Hockey Assoc Inc Darien, CT | $1,229,973 | $2,562,847 |
Northboro Youth Hockey Program Inc Westborough, MA | $6,509,967 | $2,397,981 |
Share Winter Foundation Providence, RI | $3,585,553 | $2,066,083 |
Junior Railers Hockey Club Inc Worcester, MA | $424,487 | $1,444,219 |
Hockey East Amesbury, MA | $1,083,202 | $1,841,620 |
Falmouth Youth Hockey League Inc East Falmouth, MA | $7,269,311 | $1,100,190 |
Colonial Figure Skating Club Inc West Acton, MA | $293,953 | $975,732 |
Wellesley Youth Hockey Association Inc Wellesley, MA | $131,722 | $889,852 |
Waltham Youth Hockey Association Inc Waltham, MA | $464,941 | $752,962 |
Ridgefield Amateur Hockey Association Inc Ridgefield, CT | $609,440 | $828,771 |
Charles Moore Arena Inc Orleans, MA | $1,132,513 | $811,917 |