Elk River Figure Skating Club
- Assets
- $94.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Elk River, MN
- Founding
- 08/2000
- Data as of
- 05/2024
- EIN
- 41-1969199
Organization Overview
Elk River Figure Skating Club is located in Elk River, MN. The organization was established in 2000. 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. Elk River 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 05/2024, Elk River Figure Skating Club generated $109.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $104.8k during the year ending 05/2024. As we would expect to see with falling revenues, expenses have declined by (0.6%) 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
2024
Describe the Organization's Program Activity:
Part 3
THE ERFSC PAYS THE ELK RIVER ICE ARENA FOR ICE TIME WHICH BENEFITS ALL ERFSC MEMBERS ALONG WITH LEARN TO SKATE STUDENTS, TO IMPROVE THEIR SKATING SKILLS. THE CLUB HAD 53 MEMBERS IN 2023. THE CLUB PROVIDES CLASSES FOR SKATERS AND TESTING TO ALLOW SKATERS TO TRACK THE PROGRESS OF THEIR SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karmyn Larson President | 15 | $0 | |
Michelle Borum Secretary | 10 | $0 | |
Jason Locheler Safe Sport | 10 | $0 | |
Heather Palumbo Membership | 10 | $0 | |
Michelle Nelson Fundraising | 10 | $0 | |
Anthony Larson Communicatio | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,060 |
| Total Program Service Revenue | $93,320 |
| Membership dues | $0 |
| Investment income | $516 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $13,118 |
| Other Revenue | $0 |
| Total Revenue | $109,014 |
| 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 | $21,204 |
| Occupancy, rent, utilities, and maintenance | $69,945 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $13,663 |
| Total expenses | $104,812 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $84,673 |
| Other assets | $0 |
| Total assets | $93,997 |
| Total liabilities | $9,324 |
| Net assets or fund balances | $84,673 |