Onyx Skating Academy
- Assets
- $161.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Rochester, MI
- Founding
- 10/2008
- Data as of
- 06/2023
- EIN
- 38-3507892
Organization Overview
Onyx Skating Academy is located in Rochester, MI. The organization was established in 2008. 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. Onyx Skating 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 06/2023, Onyx Skating Academy generated $138.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.2%) each year. All expenses for the organization totaled $141.8k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (12.4%) per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE ALL DISCIPLINES OF THE FIGURE SKATING UNDER THE GUIDELINES OF THE UNITED STATES FIGURE SKATING ASSOCIATION.
Describe the Organization's Program Activity:
Part 3
ANNUAL SKATING COMPETITIONS, ONYX CHALLENGE ALLOWS SKATERS AT ALL LEVELS TO EXHIBIT SKATING SKILLS AND COMPETE AGAINST OTHER SKATERS FROM OTHER PROGRAMS. THIS PROMOTES THE PRACTICE AND ADVANCEMENT OF THE MEMBERS OF THE ACADEMY. IT ALSO ENCOURAGES AND CULTIVATES A FRATERNAL FELLING AMONG THE OSA SKATERS.
OTHER PROGRAM SERVICES ARE PRIMARILY EXPENSES RELATED TO ANNUAL ICE SHOWS, ANNUAL MEMBERSHIP AWARDS BANQUET, REGIONAL/SECTIONAL/NATIONAL COMPETITION SEND-OFFS AND TRAVEL SUPPORT, OFF-ICE EQUIPMENT, INSTRUCTIONAL SEMINARS FOR SKATERS AND COACHES.
TESTING: TO ENCOURAGE AND PROMOTE THE INSTRUCTION, PRACTICE AND ADVANCEMENT OF MEMBERS IN THE ACADEMY OF ANY OR ALL DISCIPLINES OF FIGURE SKATING. THIS INCLUDES TESTING AND ADVANCING IN THE AREAS OF FREESTYLE, MOVES IN THE FIELD AND ICE DANCING.
MEMBERSHIP: ANNUAL MEMBERSHIP DUES PAID BY CLUB MEMBERS. UNITED STATES FIGURE SKATING ASSOCIATION MEMBERSHIP FEES ARE PAID WITH THESE FUNDS. MEMBERSHIP IS REQUIRED FOR A SKATER TO TEST OR COMPETE. ALSO INCLUDES INSURANCE COVERAGE FOR ACADEMY MEMBERS. ANY REVENUE IS USED FOR MEMBERS GIFTS AT THE ANNUAL BANQUET AND FOR EXPENSES RELATED TO THE ANNUAL ICE SHOW.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Pizzuti Director | 0 | $0 | |
Jennefer Taylor Director | 0 | $0 | |
Amy Hill Director | 0 | $0 | |
Natalie Obrzut Director | 0 | $0 | |
Heidi Carpenter Treasurer | 0 | $0 | |
Kelly Yakel Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,833 |
| Total Program Service Revenue | $112,792 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $138,625 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $134,781 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $420 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $401 |
| Other expenses | $2,937 |
| Total expenses | $141,839 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $136,055 |
| Other assets | $0 |
| Total assets | $161,871 |
| Total liabilities | $8,911 |
| Net assets or fund balances | $152,960 |