Polar Enterprises
- Assets
- $16.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ada, OH
- Founding
- 01/2011
- Data as of
- 05/2022
- EIN
- 27-2573390
Organization Overview
Polar Enterprises is located in Ada, OH. The organization was established in 2011. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Polar Enterprises 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, Polar Enterprises generated $1.4k 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 (19.9%) each year. All expenses for the organization totaled $1.2k during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (17.1%) 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
POLAR MERCHANDISE EXPOSES STUDENTS TO ALL ASPECTS OF STARTING AND RUNNING AN ENTREPRENEURIAL BUSINESS. IT PROVIDES STUDENTS WITH PRACTICAL APPLICATION OF CLASSROOM MATERIALS IN A SUPPORTIVE ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tessa Pitcovich Chief Financial Officer | 10 | $62 | |
Alex Kurtz Chief Executive Officer | 10 | $62 | |
Prof Kevin Ernst Advisor And Director | 5 | $0 | |
Dr John Navin Chairman Of The Board | 1 | $0 | |
Asst Dean Christy Beaschler Board Member | 5 | $0 | |
Dr Danielle Foster Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $1,414 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $566 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $347 |
| Total expenses | $1,196 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $3,690 |
| Other assets | $0 |
| Total assets | $16,441 |
| Total liabilities | $337 |
| Net assets or fund balances | $16,104 |
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