Garnet Valley Ice Hockey Club Inc
- Assets
- $37.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Garnet Valley, PA
- Founding
- 02/2019
- Data as of
- 04/2022
- EIN
- 23-2760386
Organization Overview
Garnet Valley Ice Hockey Club Inc is located in Garnet Valley, PA. The organization was established in 2019. 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. Garnet Valley Ice Hockey 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 04/2022, Garnet Valley Ice Hockey Club Inc generated $71.4k 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 (4.0%) each year. All expenses for the organization totaled $68.9k during the year ending 04/2022. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE PROGRAM HAS BROUGHT YOUTH HOCKEY TO THE GARNET VALLEY SCHOOL DISTRICT FOR 28 YEARS. THE CLUB OFFERS HOCKEY TEAMS FOR KIDS IN GRADES K-12 IN THE GARNET VALLEY SCHOOL DISTRICT, AND WE PLAY OTHER TEAM IN NEIGHBORING SCHOOL DISTRICTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ralph Papa President | 2 | $0 | |
Rich Teitlebaum Vice President | 2 | $0 | |
Patrick Conway Equipment | 2 | $0 | |
Michael Incorvaia Treasurer | 2 | $0 | |
Kraig Struglia Communications | 2 | $0 | |
Laurie Focacci Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,000 |
| Total Program Service Revenue | $68,447 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $71,447 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $68,879 |
| Total expenses | $68,879 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $37,605 |
| Other assets | $0 |
| Total assets | $37,605 |
| Total liabilities | $12,492 |
| Net assets or fund balances | $25,113 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Gulls Amateur Hockey Association Jericho, NY | $477,735 | $2,164,443 |