Greater Reno Community Ice Skating Association
- Assets
- $10.2m
- Revenue
- $2.4m
- Investments
- $1.4m
- Employees
- 46
- Location
- Reno, NV
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 46-5526756
Organization Overview
Greater Reno Community Ice Skating Association is located in Reno, NV. The organization was established in 2014. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Greater Reno Community Ice Skating Association employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Reno Community Ice Skating Association 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 12/2021, Greater Reno Community Ice Skating Association generated $2.4m in total revenue. All expenses for the organization totaled $3.2m during the year ending 12/2021. While expenses have increased by 67.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CREATING AND MAINTAINING A RELIABLE HIGH QUALITY ICE SKATING RINK IN RENO, NV WHERE BOTH YOUTH AND ADULTS CAN ENJOY YEAR-ROUND SKATING ACTIVITIES. THE FACILITY WILL SPONSOR AND DEVELOP PROGRAMS THAT BRING CULTURAL, RECREATIONAL, AND ENTERTAINMENT OPPORTUNITIES TO THE AREA FOR YOUTH AND ADULTS, LOCAL RESIDENTS AND VISITORS, AND WILL STRENGTHEN THE NEW RECREATIONAL BASE FOR THE CITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOSTING PUBLIC SKATING PROGRAMS AND RECREATIONAL YOUTH AND ADULT HOCKEY LEAGUES AND FIGURE SKATING PROGRAMS; INCLUDING VARIOUS CAMPS AND CLINICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cameron Sorenson General Manager/vice President | Officer | 40 | $87,115 |
Christopher O'neal Treasurer/board Member | Officer | 5 | $0 |
Joel Grace President/board Member | Officer | 5 | $0 |
Jamie Winter Secretary/board Member | Officer | 5 | $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 | $566,352 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $566,352 |
| Total Program Service Revenue | $1,873,807 |
| Investment income | $5,388 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,619 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,449,166 |
| 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. | $87,115 |
| Compensation of current officers, directors, key employees. | $87,115 |
| Compensation to disqualified persons | $19,922 |
| Other salaries and wages | $454,146 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $44,088 |
| Payroll taxes | $62,575 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,750 |
| Fees for services: Accounting | $23,832 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $163,223 |
| Advertising and promotion | $12,653 |
| Office expenses | $82,256 |
| Information technology | $14,381 |
| Royalties | $0 |
| Occupancy | $117,350 |
| Travel | $141 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,895,823 |
| Insurance | $25,572 |
| All other expenses | $11,233 |
| Total functional expenses | $3,163,793 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,182,002 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $7,565,216 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,362,895 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $64,636 |
| Total assets | $10,174,749 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $6,000,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,417 |
| Total liabilities | $6,006,417 |
| Net assets without donor restrictions | $0 |
| 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 | $4,168,332 |
| Total liabilities and net assets/fund balances | $10,174,749 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Greater Reno Community Ice Skating Association has recieved totaling $19,900.
| Awarding Organization | Amount |
|---|---|
Renown Health Reno, NV PURPOSE: Community Event Sponsorship | $10,000 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $9,900 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alameda County Tobacco Asset Securitization Corporation Oakland, CA | $19,768,611 | $18,590,063 |
Gold Country Settlement Funding Corp Auburn, CA | $6,031,758 | $3,475,839 |
Inland Empire Tobaccosecuritization Corporation Riverside, CA | $259,604,903 | $12,773,889 |
Mental Health For Children Inc Springfield, OR | $5,065,120 | $7,331,896 |
Changelab Solutions Oakland, CA | $15,746,986 | $13,606,627 |
Spur-San Francisco Bay Are Planning And Urban Research Association San Francisco, CA | $18,179,408 | $7,467,044 |
East Bay Innovation Academy Oakland, CA | $2,595,879 | $8,649,182 |
Equality California Institute Los Angeles, CA | $3,410,779 | $5,992,471 |
Palo Alto Public Improvement Corporation Palo Alto, CA | $158,763,344 | $1,679,598 |
Vermont Village Human Services Corporation Los Angeles, CA | $28,001,792 | $4,364,948 |
Folded Flag Foundation Inc Las Vegas, NV | $11,013,213 | $5,308,956 |
Greater Reno Community Ice Skating Association Reno, NV | $10,174,749 | $2,449,166 |