Professional Skaters Association
- Assets
- $3.4m
- Revenue
- $2.2m
- Investments
- $40.9k
- Employees
- 9
- Location
- Rochester, MN
- Founding
- 05/1974
- Data as of
- 06/2022
- EIN
- 41-1125012
Organization Overview
Professional Skaters Association is located in Rochester, MN. The organization was established in 1974. According to its NTEE Classification (N03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Recreation & Sports and related organizations. As of 06/2022, Professional Skaters Association employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Professional Skaters Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2022, Professional Skaters Association generated $2.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $1.4m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES EDUCATION, TRAINING, ACCREDITATION, AND SOCIAL GATHERINGS TO PROFESSIONALS SKATERS IN AN EFFORT TO EDUCATE AND ADVISE ALL PERSONS IN ALL PHASES OF ICE SKATING AND TO PROMOTE PROFICIENCY IN EVERY PHASE OF INSTRUCTION, COACHING AND TEACHING OF ICE SKATING. THE ORGANIZATION IS THE OFFICIAL COACHING ARM TO THE U.S. FIGURE SKATING (USFS) AND THE ICE SKATING INSTITUTE (ISI).
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL CONFERENCE AND TRADE SHOW - THE ANNUAL CONFERENCE IS A 3-DAY EVENT FILLED WITH INTENSE LEARNING, TECHNICAL UPDATING, PROFESSIONAL REASSURANCES AND SOCIAL ACTIVITIES. PRESENTATIONS ARE GIVEN IN ALL DISCIPLINES, BOTH ON AND OFF-ICE. KEYNOTE SPEAKERS AND SPECIAL GUESTS ARE HIGHLIGHTED. ALL WRITTEN EXAMS AND ORAL RATINGS EXAMS ARE OFFERED.
EDUCATIONAL STATE WORKSHOPS AND SEMINARS - SEMINARS ARE 1-DAY SEMINARS FEATURING A GUEST COACH PRESENTING ON AND OFF-ICE TOPICS. VARIOUS DISCIPLINES ARE INCLUDED AND EACH YEAR A SPORT SCIENCE FOCUS IS HIGHLIGHTED. STATE WORKSHOPS ARE HALF-DAY WORKSHOPS HELD IN EVERY STATE AT VARIOUS TIMES OF THE YEAR. MANY ARE HELD IN-OFFICE AND INCLUDE TOPICS RELEVANT TO THAT SPECIFIC STATE. COACHES ARE ENCOURAGED TO COMMUNICATE AND LEARN FROM EACH OTHER.
RATINGS IS A FORM OF OUR ACCREDIDATION PROCESS. MEMBERS ARE TESTED BY A PANEL OF MASTER RATED PEERS TO DETERMINE THE COACHES KNOWLEDGE AT VARIOUS SKILL LEVELS (REGISTERED, CERTIFIED, SENIOR, AND MASTER) IN SELECT DISCIPLINES. RATINGS ARE HELD AT MULTIPLE SITES THROUGHOUT THE YEAR. THIS PROCESS HELPS TO FUTHER DEVELOP STRONGER COACHING MEMBERS AND BUILD THE POOL OF MENTORS IN OUR MEMBERSHIP. THE RATINGS PREP PROCESS IS A FORM OF PRE-TESTING AND TEST PREP FOR THE RATINGS PROCESS. THE PREP PROCESS IS A TWO DAY COURSE TO PREPARE COACHES FOR THE RATINGS PROCESS. PREP IS HELD 2-3 TIMES PER YEAR IN VARIOUS CITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Fowler-Binder Past President | OfficerTrustee | 2 | $0 |
Rebecca Stump 1st Vice President | OfficerTrustee | 2 | $0 |
Lisa Hernand Treasurer | OfficerTrustee | 2 | $0 |
Tim Covington Governor | Trustee | 2 | $0 |
Phillip Mills Governor | Trustee | 2 | $0 |
Alex Chang President | OfficerTrustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,367,755 |
| Investment income | $41,563 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,798 |
| Net Gain/Loss on Asset Sales | $653,709 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $34,272 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,151,652 |
| 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. | $192,337 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $422,451 |
| Pension plan accruals and contributions | $10,434 |
| Other employee benefits | $49,809 |
| Payroll taxes | $45,507 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,207 |
| Fees for services: Accounting | $17,717 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,419 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20,856 |
| Office expenses | $114,945 |
| Information technology | $58,370 |
| Royalties | $0 |
| Occupancy | $15,099 |
| Travel | $60,587 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $123,546 |
| Interest | $523 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,747 |
| Insurance | $8,517 |
| All other expenses | $7,398 |
| Total functional expenses | $1,405,921 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,000 |
| Savings and temporary cash investments | $981,465 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $58,535 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,759 |
| Prepaid expenses and deferred charges | $31,515 |
| Net Land, buildings, and equipment | $14,308 |
| Investments—publicly traded securities | $1,999,808 |
| Investments—other securities | $40,910 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $209,124 |
| Total assets | $3,406,424 |
| Accounts payable and accrued expenses | $158,512 |
| Grants payable | $0 |
| Deferred revenue | $554,345 |
| 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 | $712,857 |
| Net assets without donor restrictions | $2,693,567 |
| 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 | $3,406,424 |