Washington Figure Skating Club Inc

Organization Overview

Washington Figure Skating Club Inc is located in Herndon, VA. The organization was established in 2014. 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. Washington Figure Skating Club Inc 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 06/2022, Washington Figure Skating Club Inc generated $331.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $297.5k during the year ending 06/2022. While expenses have increased by 4.6% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTE THE SPORT OF FIGURE SKATINTG. THE WFSC WAS FOUNDED IN 1938 AS A MEMBER OF THE UNITED STATES FIGURE SKATING ASSOCIATION. THE CLUB CURRENTY HAS OVER 1200 MEMBERS AND THE PRIMARY EXPENDITURES ARE THE RENTAL OF ICE SKATING RINKS FOR TEACHING, SPONSORSHIP OF COMPETITIONS, TESTING, SEMINARS AND OTHER MEANS OF SUPPORT FOR SKATERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CLUB IS RESPONSIBLE FOR TESTING SKATING LEVELS OF ALL SKATERS. THESE TESTS ARE SCHEDULED ALMOST EVERY MONTH AND TYPICALLY RUN 6-8 HOURS FOR BOTH FREESTYLE AND DANCE. A FEE DESIGNED TO COVER COSTS IS CHARGED TO THE SKATER BASED ON LEVEL (COST) OF THE TEST.


THE CLUB HOSTED THREE SKATING COMPETITIONS (THE NEW YEARS INVITATIONAL, THE PICKEN DANCE CLASSIC, AND THE POTOMAC OPEN)


THE WFSC HAS CONSISTENTLY AWARDED SUPPORTING GRANTS TO ADVANCED SKATERS TO HELP WITH EXPENSES TO QUALIFYING LEVEL COMPETITIONS. THROUGH THE CAPITOL SKATING FUND AND THE MAIN INCOME REVENUE, THE GRANT AWARDS HAVE BECOME A MAJOR PROGRAM SERVICE WITH SUPPORT TO SKATERS AND ORGANIZATIONS AND PROGRAMS THROUGHOUT THE WASHINGTON DC AREA.


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Board, Officers & Key Employees

Name (title)Compensation
Judy Reiner
Vice President
$0
Sherry Chen
President
$0
Jill Cantrill
Secretary
$0
Konrad Huppi
Treasurer
$0
Marcia Sowles
Member-At-Large
$0
Dalal Badri
Director At Large
$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$233,074
Investment income $62,457
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $35,211
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $569
Miscellaneous Revenue$0
Total Revenue $331,311

Grants Awarded

Over the last fiscal year, Washington Figure Skating Club Inc has awarded $17,500 in support to 2 organizations.

Grant RecipientAmount

DC EDGE SYNCHRONIZED SKATING

Org PageRecipient Profile

Gaithersburg, MD

PURPOSE: General operating support

$10,000

ASHBURN THEATRE ON ICE

Org PageRecipient Profile

Ashburn, VA

PURPOSE: General operating support

$7,500
View Grant Profile

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