Wissahickon Skating Club
- Assets
- $4.0m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 25
- Location
- Chestnut Hill, PA
- Founding
- 08/1999
- Data as of
- 05/2022
- EIN
- 23-1484257
Organization Overview
Wissahickon Skating Club is located in Chestnut Hill, PA. The organization was established in 1999. 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 05/2022, Wissahickon Skating Club employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wissahickon 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 05/2022, Wissahickon Skating Club generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $1.5m during the year ending 05/2022. While expenses have increased by 0.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AMATEUR SPORTS AND COMPETITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE AMATEUR SPORTS THROUGH PROGRAMS IN FIGURE, HOCKEY AND RECREATIONAL SKATING, EQUIPMENT RENTAL AND SALE OF SUPPLIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin R Hamel President | OfficerTrustee | 4 | $0 |
Mike Budd Vice President, Membership | OfficerTrustee | 3 | $0 |
Shawn Connaghan Secretary | OfficerTrustee | 3 | $0 |
Richard J Podulka Vp, House Committee | OfficerTrustee | 3 | $0 |
Kathryn E Larkin Vp, Ice Committee | OfficerTrustee | 3 | $0 |
Mike Wolf Treasurer | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $25,910 |
| Related organizations | $0 |
| Government grants | $115,102 |
| All other contributions, gifts, grants, and similar amounts not included above | $37,808 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $178,820 |
| Total Program Service Revenue | $1,606,583 |
| Investment income | $2,128 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$809 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $40,098 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,850,289 |
| 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 | $505,054 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $40,954 |
| Payroll taxes | $47,109 |
| 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 | $50,086 |
| Advertising and promotion | $1,010 |
| Office expenses | $30,654 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $265,459 |
| Travel | $70 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,340 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $137,068 |
| Insurance | $61,171 |
| All other expenses | $95,995 |
| Total functional expenses | $1,471,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $556,420 |
| Savings and temporary cash investments | $262,695 |
| Pledges and grants receivable | $65,720 |
| Accounts receivable, net | $29,656 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $54,705 |
| Prepaid expenses and deferred charges | $10,571 |
| Net Land, buildings, and equipment | $3,002,286 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,982,053 |
| Accounts payable and accrued expenses | $37,599 |
| Grants payable | $0 |
| Deferred revenue | $419,968 |
| 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 | $18,000 |
| Other liabilities | $4,005 |
| Total liabilities | $479,572 |
| Net assets without donor restrictions | $3,290,442 |
| Net assets with donor restrictions | $212,039 |
| 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 | $3,982,053 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Wissahickon Skating Club has recieved totaling $1,406,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $1,390,000 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $9,000 |
Marin Community Foundation Novato, CA PURPOSE: PROVIDE GENERAL OPERATING SUPPORT | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Skin Cancer Foundation Inc New York, NY | $8,525,927 | $11,447,071 |
Ed Snider Youth Hockey Foundation Philadelphia, PA | $28,385,883 | $5,044,142 |
National Winter Activity Center Vernon, NJ | $30,166,065 | $8,884,152 |
Ed Snider Youth Hockey Supporting Organization Inc Sewell, NJ | $183,525,693 | $6,765,811 |
Skyliners Synchronizer Skating Team Inc Pelham, NY | $1,872,139 | $2,783,736 |
Montgomery County Amateur Hockey Association Inc Potomac, MD | $3,343,372 | $2,278,978 |
New Jersey Colonials Hockey Association Inc Florham Park, NJ | $1,895,849 | $3,700,538 |
Ramapo Youth Hockey Association Inc Monsey, NY | $416,965 | $2,307,032 |
Pittsburgh Penguins Elite Amateur Hockey Pittsburgh, PA | $526,946 | $2,570,843 |
Beaver Dam Winter Sports Club Inc Long Island Locust Valley, NY | $6,658,700 | $2,629,105 |
Professional Ski Instructors Albany, NY | $1,829,406 | $2,398,753 |
Mid Fairfield Youth Hockey Association Inc Port Chester, NY | $1,290,390 | $2,178,898 |