Reynolds Hockey Academy
- Assets
- $33.0k
- Revenue
- $243.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, TX
- Founding
- 10/2019
- Data as of
- 12/2021
- EIN
- 36-4859538
Organization Overview
Reynolds Hockey Academy is located in Richmond, TX. The organization was established in 2019. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reynolds Hockey Academy 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, Reynolds Hockey Academy generated $243.9k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $237.5k during the year ending 12/2021. While expenses have increased by 15.4% per year over the past 5 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
TO EMPOWER AND PROVIDE THE TOOLS, MENTORSHIP, INSTRUCTION NECESSARY FOR STUDENTS TO ACHIEVE ATHLETIC AND ACADEMIC GOALS IN THE PRESENT AND IN THE FUTURE. ACADEMICALLY, SUPPORTING THE STUDENT IN THE CLASSROOM WITH BOOKS, TEACHING AIDS AND MOST IMPORTANTLY LAPTOPS TO PARTICIPATE IN THE K12 TEXAS ONLINE PREP SCHOOL(TOPS). SPECIFICALLY, PARTICIPATION IN THE SPORT HOCKEY IS QUITE EXPENSIVE AND OUR ORGANIZATION PROVIDES AN ARRAY OF ASSISTANCE INCLUDING THE ON/OFF-ICE TRAINING EQUIPMENT AND HOCKEY EQUIPMENT THAT IS IMPERATIVE FOR A PLAYER'S DEVELOPMENT. ACADEMICS AND ATHLETICS ARE THE CORE OF THE ACADEMY BUT LIFE LESSONS DO NOT GET OVERLOOKED. THE STUDENT ATHLETES ARE RESPONSIBLE FOR ALL THE CHORES THAT ARE NEEDED TO OPERATE THE REYNOLDS HOCKEY ACADEMY. THE STUDENTS ON A DAILY BASIS DO THE LAUNDRY, CLEAN THE FLOORS AND MAKE SURE THEIR LOCKER ROOM IS SPOTLESS AND NEAT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PURCHASED LAPTOPS FOR ALL THE STUDENTS SO THEY ARE EQUIPPED WITH THE NECESSARY TOOLS TO SUCCEED IN THE CLASSROOM. ON ICE TRAINING AIDS FOR THE SPORT OF HOCKEY ARE VERY SPORT SPECIFIC, SHOOTER TUTORS, REBOUND AIDS, PASSING, PUCKS, NETS, ETC ALL ARE VERY EXPENSIVE FOR AN INDIVIDUAL STUDENT OR FAMILY TO BUY. AT THE ACADEMY, WE CAN PROVIDE THIS SPECIALIZED EQUIPMENT TO AID THE STUDENT'S DEVELOPMENT. OFF ICE TRAINING IS ALSO VERY SPECIFIC TO HOCKEY. NO OTHER SPORT OR ACTIVITY CAN DUPLICATE IT. SO THE EQUIPMENT IS ESSENTIAL IN A STUDENT ATHLETES DEVELOPMENT. FROM WEIGHTED PUCKS, WEIGHTED JACKET, SPEED GUNS, MEDICINE BALLS, HYDRAULIC WEIGHT SLED AND THE STATE OF THE ART HOCKEY SLIDE BOARD, ALL OF THESE PIECES OF EQUIPMENT ARE VITAL TO A STUDENT ATHLETE'S DEVELOPMENT.
THE ACADEMY HAS PURCHASED A VAN TO TRANSPORT STUDENTS FROM ALL OVER THE CITY OF HOUSTON.WITHOUT THIS TRANSPORTATION, MANY OF THE ACADEMY STUDENTS WOULD NOT BE ABLE TO ATTEND.
NUTRITION IS A LARGE PART OF A STUDENT ATHLETE'S DEVELOPMENT. THE ACADEMY PROVIDES HEALTHY FOOD FOR THE STUDENTS TO EAT THROUGHOUT THE DAY. EATING HEALTHY IS NOT INEXPENSIVE AND IT IS A SCIENCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bobby Reynolds President | Officer | 45 | $84,000 |
Dennis Murphy Vice President | Officer | 5 | $0 |
Cynthia Reynolds Vp/secretary | Officer | 7 | $0 |
Tc Lewis Vice President | Officer | 2 | $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 | $51,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,500 |
| Total Program Service Revenue | $180,612 |
| 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 | $11,761 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $243,873 |
| 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. | $84,000 |
| 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 | $4,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,853 |
| Office expenses | $5,028 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,263 |
| Travel | $3,539 |
| 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 | $3,376 |
| Insurance | $7,185 |
| All other expenses | $4,644 |
| Total functional expenses | $237,518 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,592 |
| 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 | $1,408 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,000 |
| Total assets | $33,000 |
| 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 | $3,832 |
| Retained earnings, endowment, accumulated income, or other funds | $29,168 |
| Total liabilities and net assets/fund balances | $33,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Reynolds Hockey Academy has recieved totaling $28.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $28 |
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