Wissahickon Skating Club
- Assets
- $4.3m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 45
- Location
- Chestnut Hill, PA
- Founding
- 08/1999
- Data as of
- 05/2023
- 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 05/2023, Wissahickon Skating Club employed 45 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 05/2023, Wissahickon Skating Club generated $2.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $1.7m during the year ending 05/2023. While expenses have increased by 2.1% 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
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 |
Michael Budd Vice President, Membership | OfficerTrustee | 3 | $0 |
Kathryn E Larkin Vp, Ice Committee | OfficerTrustee | 3 | $0 |
Richard J Podulka Vp, House Committee | OfficerTrustee | 3 | $0 |
Shawn Connaghan Secretary | OfficerTrustee | 3 | $0 |
Michael R Wolf CPA Treasurer | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $44,054 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $178,790 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $222,844 |
| Total Program Service Revenue | $1,694,362 |
| Investment income | $4,554 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$12,069 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $39,206 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,981,479 |
| 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 | $544,442 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $38,357 |
| Payroll taxes | $50,938 |
| 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 | $57,344 |
| Advertising and promotion | $2,846 |
| Office expenses | $34,318 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $320,519 |
| Travel | $820 |
| 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 | $143,435 |
| Insurance | $69,004 |
| All other expenses | $103,748 |
| Total functional expenses | $1,651,261 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $365,723 |
| Savings and temporary cash investments | $700,425 |
| Pledges and grants receivable | $44,208 |
| Accounts receivable, net | $35,156 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $82,517 |
| Prepaid expenses and deferred charges | $6,451 |
| Net Land, buildings, and equipment | $3,036,917 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,271,397 |
| Accounts payable and accrued expenses | $36,472 |
| Grants payable | $0 |
| Deferred revenue | $379,629 |
| 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 | $4,597 |
| Total liabilities | $438,698 |
| Net assets without donor restrictions | $3,476,195 |
| Net assets with donor restrictions | $356,504 |
| 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 | $4,271,397 |