Rochester Figure Skating Club Incorporated
- Assets
- $701.0k
- Revenue
- $899.0k
- Investments
- $0.0
- Employees
- 18
- Location
- Rochester, MN
- Founding
- 11/1979
- Data as of
- 08/2023
- EIN
- 41-0640044
Organization Overview
Rochester Figure Skating Club Incorporated is located in Rochester, MN. The organization was established in 1979. According to its NTEE Classification (N68) the organization is classified as: Winter Sports, under the broad grouping of Recreation & Sports and related organizations. As of 08/2023, Rochester Figure Skating Club Incorporated employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rochester Figure Skating Club Incorporated 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 08/2023, Rochester Figure Skating Club Incorporated generated $899.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $854.6k during the year ending 08/2023. 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
THE PURPOSE OF THE ROCHESTER FIGURE SKATING CLUB (RFSC) IS TO FOSTER, PROMOTE, IMPROVE, AND ENCOURAGE THE SPORT OF FIGURE SKATING AMONG YOUTH UNDER 18 YEARS OF AGE IN THE STATE OF MINNESOTA. THE RFSC WILL ENCOURAGE AND FACILIATATE YOUTH PARTICIPATION IN REGIONAL, SECTIONAL, NATIONAL AND INTERNATIONAL FIGURE SKATING COMPETITIONS. THE RFSC DOES NOT DISCRIMINATE ON THE BASIS OF RACE, RELIGION, SEX, AGE, GENDER OR NATIONAL ORIGIN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION AND GROUP SKATING - TO PROMOTE AND FOSTER INTEREST IN THE ART OF FIGURE SKATING (APPROXIMATELY 350 SKATERS PARTICIPATING).
ICE AND SHOW COMPETITION - THE CLUB SPONSORS AN ANNUAL ICE SHOW (APPROX 150 SKATERS) AND SPECIAL COMPETITIONS (APPROXIMATELY 240 SKATERS).
TESTING - THE CLUB SPONSORED U S FIGURE SKATING ASSOCIATION SANCTIONED TESTING DURING THE YEAR (APPROXIMATELY 150 SKATERS)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Roe Director | Trustee | 2 | $0 |
Elizabeth Rice Preisdent | OfficerTrustee | 2 | $0 |
David Cooper Vice President | OfficerTrustee | 2 | $0 |
Terri Ufkin Director | Trustee | 2 | $0 |
Jennifer Brehm Secretary | OfficerTrustee | 4 | $0 |
Fawn Hangge Treasurer | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $42,042 |
| 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 | $42,042 |
| Total Program Service Revenue | $834,355 |
| Investment income | $2,714 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $17,034 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $898,951 |
| 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. | $54,500 |
| Compensation of current officers, directors, key employees. | $54,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $300,494 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $26,439 |
| Fees for services: Management | $12,550 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,480 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,030 |
| Office expenses | $5,502 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,982 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,151 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,767 |
| Insurance | $5,361 |
| All other expenses | $24,234 |
| Total functional expenses | $854,579 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $556,768 |
| Savings and temporary cash investments | $56,809 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $40,839 |
| 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 | $5,807 |
| Net Land, buildings, and equipment | $40,731 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $700,954 |
| Accounts payable and accrued expenses | $63,313 |
| Grants payable | $0 |
| Deferred revenue | $5,706 |
| 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 | $69,019 |
| Net assets without donor restrictions | $631,935 |
| 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 | $700,954 |