Mankato Figure Skating Club
- Assets
- $35.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mankato, MN
- Founding
- 02/1988
- Data as of
- 08/2021
- EIN
- 41-1318167
Organization Overview
Mankato Figure Skating Club is located in Mankato, MN. The organization was established in 1988. 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. Mankato Figure Skating Club 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 08/2021, Mankato Figure Skating Club generated $54.0k 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 (3.3%) each year. All expenses for the organization totaled $52.3k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (5.4%) 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
2021
Describe the Organization's Program Activity:
Part 3
TO ENCOURAGE INSTRUCTION, PRACTICE, AND ADVANCEMENT OF THE MEMBERS IN ANY OR ALL OF THE DISCIPLINES OF FIGURE SKATING. TO ENCOURAGE AND CULTIVATE THE GENERAL POLICIES AND OBJECTIVES OF U.S. FIGURE SKATING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Otto President | 5 | $0 | |
Meredith Hummel Vice President | 2 | $0 | |
Paige Durenberger Secretary | 1 | $0 | |
Chandra Grommersch Treasurer | 10 | $0 | |
Shannon Sinning Director | 1 | $0 | |
Jeremy Meger Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,000 |
| Total Program Service Revenue | $41,240 |
| Membership dues | $2,437 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$2,672 |
| Other Revenue | $0 |
| Total Revenue | $54,005 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $44,493 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $7 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $228 |
| Other expenses | $7,601 |
| Total expenses | $52,329 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $30,194 |
| Other assets | $0 |
| Total assets | $35,172 |
| Total liabilities | $0 |
| Net assets or fund balances | $35,172 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mankato Figure Skating Club has recieved totaling $8,000.
| Awarding Organization | Amount |
|---|---|
Prairie Lakes Regional Arts Council Inc Waseca, MN PURPOSE: ACH-A | $8,000 |
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 |