Dc Edge Adult Synchronized Skating Teams
- Assets
- $155.1k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 2
- Location
- Gaithersburg, MD
- Founding
- 01/2010
- Data as of
- 03/2022
- EIN
- 26-3349359
Organization Overview
Dc Edge Adult Synchronized Skating Teams is located in Gaithersburg, MD. The organization was established in 2010. 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 03/2022, DC Edge Adult Synchronized Skating Teams employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. DC Edge Adult Synchronized Skating Teams 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 03/2022, DC Edge Adult Synchronized Skating Teams generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $1.1m during the year ending 03/2022. While expenses have increased by 13.8% per year over the past 6 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 FOSTER, PROMOTE, ENCOURAGE, ADVANCE, AND IMPROVE THE FIELD OF SYNCHRONIZED SKATING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN THE 2021 - 2022 SEASON, DC EDGE SERVED OVER 180 SKATERS, FROM YOUTH TO ADULT ON 13 TEAMS. EACH TEAM PRACTICED 2-11 HOURS PER WEEK, AND WAS COACHED BY PROFESSIONAL COACHES. THE TEAMS COMPETED AT 11 COMPETITIONS AROUND THE COUNTRY, AS WELL AS ONE INTERNATIONAL EVENT, AND EARNED SEVERAL SECTIONAL AND NATIONAL MEDALS. THE TEAMS ALSO PERFORMED IN SEVERAL LOCAL EXHIBITIONS ALONG WITH OTHER LOCAL SKATERS AND TEAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Bacon Executive Dir. | OfficerTrustee | 30 | $68,767 |
Christine Burke Director | OfficerTrustee | 10 | $51,247 |
Geran Combs Secretary | Trustee | 2 | $0 |
Katee Neal Director | Trustee | 1 | $0 |
Brian Andrews-Shigaki Director | Trustee | 1 | $0 |
Kerry Monaco Director | Trustee | 1 | $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 | $35,647 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,647 |
| Total Program Service Revenue | $1,059,705 |
| Investment income | $176 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,292 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,097,820 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $121,224 |
| Compensation of current officers, directors, key employees. | $24,245 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,325 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,437 |
| Fees for services: Accounting | $342 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $133,674 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $588 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $309,966 |
| 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 | $260 |
| Insurance | $575 |
| All other expenses | $0 |
| Total functional expenses | $1,108,949 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,027 |
| Savings and temporary cash investments | $73,053 |
| 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 | $1,042 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $155,122 |
| Accounts payable and accrued expenses | $30,937 |
| 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 | $4,170 |
| Total liabilities | $35,107 |
| Net assets without donor restrictions | $120,015 |
| 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 | $155,122 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Dc Edge Adult Synchronized Skating Teams has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Washington Figure Skating Club Inc Herndon, VA PURPOSE: General operating support | $10,000 |
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 |