Cleveland Skating Club
- Assets
- $9.2m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 80
- Location
- Shaker Heights, OH
- Founding
- 06/1938
- Data as of
- 03/2023
- EIN
- 34-0152618
Organization Overview
Cleveland Skating Club is located in Shaker Heights, OH. The organization was established in 1938. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 03/2023, Cleveland Skating Club employed 80 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cleveland Skating Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 03/2023, Cleveland Skating Club generated $4.0m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $3.7m during the year ending 03/2023. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 8 years. 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
OUR MISSION IS TO PROVIDE OUR MEMBERS WITH THE HIGHEST QUALITY SOCIAL, PROFESSIONAL, AND ATHLETIC OPPORTUNITIES IN A SAFE AND TRUSTED ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SOCIAL AND PHYSICAL FITNESS ACTIVITIES FOR ITS MEMBERS. THE CLUB FACILITIES INCLUDE SKATING, TENNIS, SQUASH, SWIMMING, AND DINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Levy President | OfficerTrustee | 4 | $0 |
Julia Dye Secretary | OfficerTrustee | 4 | $0 |
Wayne Barry Treasurer | OfficerTrustee | 4 | $0 |
Dylan Maclean Director | Trustee | 4 | $0 |
Rick Hubbard Director | Trustee | 4 | $0 |
William Batcheller Director | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Northeast Haserot Food Supplier | 3/30/18 | $150,860 |
Personnel Plus Temp Labor Agency | 3/30/18 | $107,291 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,443,846 |
| Investment income | $14,482 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $589,250 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,047,578 |
| 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 | $1,679,840 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $192,290 |
| Payroll taxes | $133,270 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,585 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,582 |
| Advertising and promotion | $0 |
| Office expenses | $83,357 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $572,631 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $84,481 |
| Interest | $76,013 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $323,683 |
| Insurance | $73,915 |
| All other expenses | $28,889 |
| Total functional expenses | $3,729,555 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,333,874 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $477,653 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $55,526 |
| Prepaid expenses and deferred charges | $43,811 |
| Net Land, buildings, and equipment | $6,248,768 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,159,632 |
| Accounts payable and accrued expenses | $444,567 |
| Grants payable | $0 |
| Deferred revenue | $426,681 |
| 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 | $2,846,562 |
| Unsecured mortgages and notes payable | $131,484 |
| Other liabilities | $0 |
| Total liabilities | $3,849,294 |
| Net assets without donor restrictions | $5,310,338 |
| 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 | $9,159,632 |