Figure Skating Club Of Minneapolis
- Assets
- $31.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 01/1985
- Data as of
- 05/2022
- EIN
- 41-1286388
Organization Overview
Figure Skating Club Of Minneapolis is located in Minneapolis, MN. The organization was established in 1985. 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. Figure Skating Club Of Minneapolis 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 05/2022, Figure Skating Club Of Minneapolis generated $149.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $156.3k during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (8.4%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE THE INSTRUCTION, PRACTICE & ADVANCEMENT OF MEMBERS IN MOVES IN THE FIELD, FREE SKATING, PAIR SKATING, SYNCHRONIZED TEAM & ALL TYPES OF FIGURE SKATING; TO ENCOURAGE & CULTIVATE A SPIRIT OF FRATERNAL FEELING AMONG ICE SKATERS, TO SPONSOR, TO PRODUCE OR COOPERATE IN THE PRODUCTION OF AMATEUR ICE SHOWS & COMPETITIONS; & TO CARRY OUT THE GENERAL POLICIES OF THE UNITED STATES FIGURE SKATING ASSOCIATION.
Describe the Organization's Program Activity:
Part 3
CLUB ICE CONTRACT & COMPETITION SPONSORSHIPS - APPROX 50 AMATEUR INDIVIDUAL & TEAM SKATERS WERE PROVIDED ICE FACILITIES FOR PRACTICE & TRAINING (INCLUDING APPROX 500 HOURS OF ICE TIME). THE CLUB SPONSORS AN ICE SHOW & COMPETITION.
SKATING ACADEMY - APPROX 140 CHILDREN & ADULTS WERE TAUGHT BASIC ICE SKATING SKILLS. STUDENTS WERE TESTED TO DETERMINE ACHIEVEMENT.
MIDWEST OPEN COMPETITION WITH APPROX 235 COMPETITORS FROM THE MIDWEST.
CLUB ICE CONTRACT & COMPETITION SPONSORSHIPS - APPROX 50 AMATEUR INDIVIDUAL & TEAM SKATERS WERE PROVIDED ICE FACILITIES FOR PRACTICE & TRAINING (INCLUDING APPROX 500 HOURS OF ICE TIME). THE CLUB SPONSORS AN ICE SHOW & COMPETITION.
SKATING ACADEMY - APPROX 140 CHILDREN & ADULTS WERE TAUGHT BASIC ICE SKATING SKILLS. STUDENTS WERE TESTED TO DETERMINE ACHIEVEMENT.
MIDWEST OPEN COMPETITION WITH APPROX 235 COMPETITORS FROM THE MIDWEST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Nervig President | 10 | $0 | |
Annika Callaghan President | 10 | $0 | |
Kim Petersen Secretary | 10 | $0 | |
Rachelle Brockell Director | 5 | $0 | |
Bridget Altmann Director | 5 | $0 | |
Lynda Lubratt Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $200 |
| Total Program Service Revenue | $144,473 |
| Membership dues | $4,804 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $149,478 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $16,949 |
| Occupancy, rent, utilities, and maintenance | $93,083 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $46,227 |
| Total expenses | $156,259 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $31,641 |
| Other assets | $0 |
| Total assets | $31,671 |
| Total liabilities | $2,055 |
| Net assets or fund balances | $29,616 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Figure Skating Club Of Minneapolis has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
C H Robinson Worldwide Foundation Sioux Falls, SD PURPOSE: GENERAL OPERATING FUND | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Loppet Foundation Inc Minneapolis, MN | $4,982,965 | $3,219,111 |
American Birkebeiner Ski Foundation Inc Hayward, WI | $7,179,042 | $2,764,424 |
United Heroes League Hastings, MN | $3,084,310 | $3,081,953 |
Eagan Hockey Association Incorporated Eagan, MN | $236,242 | $1,165,383 |
Moorhead Youth Hockey Assn Moorhead, MN | $7,603,734 | $2,426,277 |
Fargo Hockey Association Fargo, ND | $1,287,012 | $1,819,619 |
Milwaukee Jr Admirals Inc Milwaukee, WI | $378,879 | $1,815,838 |
Wisconsin Amateur Hockey Association Inc Mequon, WI | $1,631,368 | $1,828,064 |
Edina Hockey Association Edina, MN | $768,078 | $1,616,429 |
District 284 Youth Hockey Association Golden Valley, MN | $1,155,590 | $1,715,832 |
Dickinson Youth Activities Inc Dickinson, ND | $2,700,930 | $1,609,260 |
Woodbury Area Hockey Club Woodbury, MN | $1,085,854 | $1,679,280 |