Ideals Inc
- Assets
- $29.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Kensington, MD
- Founding
- 10/1973
- Data as of
- 12/2021
- EIN
- 23-7315118
Organization Overview
Ideals Inc is located in Kensington, MD. The organization was established in 1973. 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. Ideals 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 12/2021, Ideals Inc generated $72.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $62.4k during the year ending 12/2021. While expenses have increased by 0.3% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Scuka Treasurer | 15 | $15,906 | |
Bill Coffin President | 1 | $0 | |
Ian Masson Secretary | 1 | $0 | |
Frances Sarradon Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $72,304 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $72,304 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $18,273 |
| Professional fees and other payments to independent contractors | $21,785 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,474 |
| Other expenses | $20,908 |
| Total expenses | $62,440 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $29,505 |
| Other assets | $0 |
| Total assets | $29,885 |
| Total liabilities | $106,078 |
| Net assets or fund balances | -$76,193 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ed Snider Youth Hockey Foundation Philadelphia, PA | $28,385,883 | $5,044,142 |
Montgomery County Amateur Hockey Association Inc Potomac, MD | $3,343,372 | $2,278,978 |
Pittsburgh Penguins Elite Amateur Hockey Pittsburgh, PA | $526,946 | $2,570,843 |
Wissahickon Skating Club Chestnut Hill, PA | $3,982,053 | $1,850,289 |
Virginia Express Hockey Club Woodbridge, VA | $222,139 | $1,426,605 |
Dc Edge Adult Synchronized Skating Teams Gaithersburg, MD | $155,122 | $1,097,820 |
Airport Artic Foxes Youth Hockey Association Pittsburgh, PA | $39,562 | $1,030,241 |
Washington Little Capitals Inc Lorton, VA | $231,536 | $900,082 |
Nelson Hockey Association Inc Crownsville Road, MD | $882,074 | $1,451,611 |
757swim Inc Williamsburg, VA | $3,007,420 | $1,144,096 |
Ashburn Travel Hockey Inc Ashburn, VA | $222,064 | $951,303 |
Pentagon Ski Club Brookeville, MD | $348,298 | $748,037 |