Ice Sports Industry
- Assets
- $1.0m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 7
- Location
- Richardson, TX
- Founding
- 07/1967
- Data as of
- 12/2022
- EIN
- 59-1155120
Organization Overview
Ice Sports Industry is located in Richardson, TX. The organization was established in 1967. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Ice Sports Industry employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ice Sports Industry is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Ice Sports Industry generated $1.2m 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 (5.0%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.8%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE OBJECTIVES OF ISI ARE TO ENCOURAGE ICE SKATING AS A PARTICIPANT SPORT AND RECREATION; TO PROVIDE INFORMATION FOR THE DEVELOPMENT AND CONSTRUCTION OF ICE RINKS; TO PROVIDE INFORMATION AND HELP FOR THE BENEFIT OF ITS MEMBERS; AND TO HOLD ANNUAL MEETINGS TO EXCHANGE IDEAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1. PUBLISHED A MAGAZINE, NEWSLETTER AND OTHER PUBLICATIONS.2. HELD REGIONAL COMPETITIONS AS FOLLOWS: 2022 WINTER CLASSIC, 2022 SYNCHRO CHAMPS, 2022 NORTHEAST CHAMPS, 2022 WORLD CHAMPS AND 2022 ADULT CHAMPS.3. HELD THE ISI CONFERENCE IN BOSTON, MA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Mangelsdorf Managing Dir. | Officer | 40 | $86,359 |
Heather Loller Controller | Officer | 40 | $70,593 |
Rob Mcbride Imm Past Pres. | OfficerTrustee | 1 | $0 |
Kevin Mccormack Treasurer | OfficerTrustee | 1 | $0 |
Margy Bennett Secretary | OfficerTrustee | 1 | $0 |
Lisa Cote Director | Trustee | 1 | $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 | $1,231,251 |
| Investment income | $1,840 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,651 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,238,468 |
| 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. | $164,509 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $352,832 |
| Pension plan accruals and contributions | $6,447 |
| Other employee benefits | $22,335 |
| Payroll taxes | $42,450 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,500 |
| Fees for services: Accounting | $2,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,021 |
| Fees for services: Other | $78,929 |
| Advertising and promotion | $1,606 |
| Office expenses | $51,988 |
| Information technology | $19,088 |
| Royalties | $0 |
| Occupancy | $20,549 |
| Travel | $38,567 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,178 |
| Interest | $679 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $72,480 |
| Insurance | $110,130 |
| All other expenses | $63,683 |
| Total functional expenses | $1,299,084 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,110 |
| Savings and temporary cash investments | $622,425 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,565 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,108 |
| Prepaid expenses and deferred charges | $113,902 |
| Net Land, buildings, and equipment | $180,156 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,037,266 |
| Accounts payable and accrued expenses | $79,016 |
| Grants payable | $0 |
| Deferred revenue | $496,169 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $575,185 |
| Net assets without donor restrictions | $462,081 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,037,266 |