Mentor Figure Skating Club
- Assets
- $320.4k
- Revenue
- $287.9k
- Investments
- $262.8k
- Employees
- 0
- Location
- Mentor, OH
- Founding
- 04/1999
- Data as of
- 04/2022
- EIN
- 34-1528404
Organization Overview
Mentor Figure Skating Club is located in Mentor, OH. The organization was established in 1999. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, 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. Mentor Figure Skating Club 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, Mentor Figure Skating Club generated $287.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $280.6k during the year ending 04/2022. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FIGURE SKATING CLUB FOR YOUTHS. SUPPORT AND DEVELOP AMATEUR ATHLETES FOR LOCAL AND REGIONAL COMPETITION IN FIGURE SKATING. PREPARE MEMBERS FOR THE US FIGURE SKATING ASSOCIATION TEST STRUCTURE.
Describe the Organization's Program Activity:
SUPPORT AND DEVELOP AMATEUR ATHLETES FOR LOCAL AND REGIONAL COMPETITION IN FIGURE SKATING (90-100 MEMBERS).
PROVIDE ENVIRONMENT FOR TEAM TRAVEL TO COMPETITIONS
PREPARE MEMBERS FOR US FIGURE SKATING ASSOCIATION TEST STRUCTURE (90-100 MEMBERS).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Malia Harwood President | Officer | 4 | $0 |
Heather Sandry Vice President | Officer | 2 | $0 |
Charlotte Holt Secretary | Officer | 2 | $0 |
Bruce Langguth Treasurer | Officer | 4 | $0 |
Terry Busic Trustee | Trustee | 1 | $0 |
Sue Clemente Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,100 |
| Fundraising events | $8,004 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,350 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,454 |
| Total Program Service Revenue | $267,913 |
| Investment income | $2,581 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $287,948 |
| 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 | $500 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $414 |
| Advertising and promotion | $1,200 |
| Office expenses | $1,784 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $276,741 |
| Total functional expenses | $280,639 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,610 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $262,787 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $320,397 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $320,397 |
| Total liabilities and net assets/fund balances | $320,397 |
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