Lake City Skiers Inc
- Assets
- $197.0k
- Revenue
- $121.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Warsaw, IN
- Founding
- 03/2016
- Data as of
- 12/2021
- EIN
- 35-1784298
Organization Overview
Lake City Skiers Inc is located in Warsaw, IN. The organization was established in 2016. 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. Lake City Skiers 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, Lake City Skiers Inc generated $121.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.6% each year . All expenses for the organization totaled $102.7k during the year ending 12/2021. While expenses have increased by 13.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
COMPETE IN NATIONAL COMPETITIONS TEACH WATER SAFETY AND PROVIDE FAMILY ENTERTAINMENT TO THE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHOWS: PERFORM SHOWS ON TUESDAY AND SUNDAY EVENINGS WHEN NOT COMPETING IN TOURNAMENTS PROVIDING ENTERTAINMENT AND CONCESSIONS. THIS ALLOWS US TO PRACTICE OUR SHOW FOR TOURNAMENTS IN FRONT OF AN AUDIENCE WHILE RAISING MONEY AND PROVIDING ENTERTAINMENT TO THE COMMUNITY. ALSO ALLOWS US TO TALK ABOUT WATER SAFETY TO THE AUDIENCE.
TOURNAMENTS: WE RECEIVED THIRD IN THE CENTRAL REGION TOURNEMENT QUALIFING US FOR DIVISION I NATIONALS IN JANESVILLE, WI WHERE WE GOT NINTH PLACE.
LEARN TO SKI: TWO VERY SUCCESFUL LEARN TO SKI DAYS WHERE WE TAUGHT 40 KIDS HOW TO SKI AND ABOUT WATER SAFETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Patrick President | Officer | $0 | |
Chuck Mclaughlin Vicepresident | Officer | $0 | |
Brett Patrick Treasurer | Officer | $0 | |
Theresa Silver Secretary | Officer | $0 | |
Kevin Hayes Show Director | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,434 |
| Fundraising events | $59,803 |
| Related organizations | $0 |
| Government grants | $14,753 |
| All other contributions, gifts, grants, and similar amounts not included above | $41,089 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $121,079 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $121,079 |
| 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 | $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 | $0 |
| Advertising and promotion | $3,950 |
| Office expenses | $0 |
| 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 | $3,867 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,695 |
| All other expenses | $20,058 |
| Total functional expenses | $102,728 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,826 |
| 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 | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $154,140 |
| Total assets | $196,966 |
| 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 | $74,568 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $74,568 |
| Net assets without donor restrictions | $122,398 |
| 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 | $196,966 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lake City Skiers Inc has recieved totaling $14,742.
| Awarding Organization | Amount |
|---|---|
Kosciusko 21st Century Foundation Inc Winona Lake, IN PURPOSE: LEARN TO SKI PROGRAM EQUIPMENT | $14,653 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $89 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amateur Hockey Assoc Illinois Inc Elk Grove Village, IL | $1,304,353 | $3,600,631 |
Chesterfield Hockey Association Chesterfield, MO | $17,706,117 | $4,533,381 |
Sabre Hockey Association Naperville, IL | $660,750 | $2,725,908 |
Chicago Mission Aaa Hockey Club Chicago, IL | $91,949 | $3,146,762 |
Team Illinois Hockey Club Barrington, IL | $1,289,943 | $2,565,201 |
Chicago Young Americans Amateur Hockey Association Frankfort, IL | $180,153 | $2,181,260 |
American Birkebeiner Ski Foundation Inc Hayward, WI | $7,179,042 | $2,764,424 |
Hawks Hockey Club Nfp Darien, IL | $1,224,811 | $2,991,552 |
Falcons Hockey Association Highland Park, IL | $144,665 | $2,611,835 |
West Dundee Hockey Club West Dundee, IL | $240,821 | $2,041,949 |
Fire Wagon Hockey Inc Crystal Lake, IL | $7,023,638 | $1,827,523 |
Milwaukee Jr Admirals Inc Milwaukee, WI | $378,879 | $1,815,838 |