Talent Skatepark Inc
- Assets
- $230.2k
- Revenue
- $299.9k
- Investments
- $0.0
- Employees
- 23
- Location
- Burlington, VT
- Founding
- 05/2019
- Data as of
- 12/2022
- EIN
- 83-2423468
Organization Overview
Talent Skatepark Inc is located in Burlington, VT. The organization was established in 2019. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Talent Skatepark Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Talent Skatepark 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 12/2022, Talent Skatepark Inc generated $299.9k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $296.0k during the year ending 12/2022. 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
TO PROVIDE COMMUNITY OUTREACH THROUGH YOUTH SKATEBOARDING CAMPS, LESSONS AND SALES OF SUPPORTING GOODS AND SERVICES. THE ORGANIZATION ALSO PROVIDES SCHOLARSHIPS SUPPORTED BY DONATIONS TO UNDERSERVED AND DISADVANTAGED YOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TALENT SKATEPARK PROVIDES ALL DAY SUMMER CAMPS AS WELL AS DAY CLINICS TO TEACH CHILDREN HOW TO SKATEBOARD AND TO PROVIDE THEM WITH A SAFE ENVIRONMENT TO LEARN AND MAKE FRIENDS. THE CAMPS ARE WEEK LONG DAY CAMPS THAT ARE OFFERED FOR 8 WEEKS THROUGHOUT SUMMER SCHOOL BREAK DURING THE MONTHS OF JULY AND AUGUST. THE DAY CAMPS ARE ALSO OFFERED IN DECEMBER DURING CHRISTMAS SCHOOL BREAK, IN FEBRUARY AND APRIL DURING SCHOOL BREAKS. DURING 2022 THERE WERE MORE THAN 130 CHILDREN WHO ATTENDED SUMMER CAMPS AND CLINICS OFFERED THROUGHOUT THE YEAR. SOME CHILDREN IN THE PROGRAM ARE REFFERED BY SCHOOL COUNSELORS AND THESE PARTICIPANTS ARE PROVIDED A WEEK OF SUMMER CAMP AS WELL AS REQUIRED SAFETY GEAR AND SKATEBOARD FREE OF CHARGE. IN 2022 TALENT SKATEPARK INC PROVIDED SCHOLARSHIPS TO 14 CHILDREN. TALENT SKATEPARK ALSO PROVIDES PRIVATE AND SEMI PRIVATE LESSONS ON AN ONGOING BASIS ON THE WEEKENDS.
THE INDOOR SKATEBOARD FACILITY IS ALSO OPEN NORMAL HOURS AS A SAFE COMMUNITY GATHER FOR SKATEBOARDING FOR A NOMINAL FEE. THESE OPEN LESSONS ALLOW FOR THE DROP OFF OF CHILDREN TO SKATE AT THEIR LEISURE IN THE FACILITY IN A NOURISHING AND SAFE ENVIRONMENT THAT HAS ADULT SUPERVISION. THESE OPEN SKATE SESSIONS SAW OVER 630 PARTICIPANTS (NOT INCLUDING SUMMER/SCHOOL BREAK CAMPS) THROUGHOUT THE YEAR.
TALENT SKATEPARK INC SUPPORTS LOCAL CHARITABLE ORGANIZATIONS IN THE FORM OF DONATIONS AND GRANTS. IN 2022 TALENT SKATEPARK INC PROVIDED SCHOLARSHIPS TO 14 LOCAL CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Hathaway Chairperson | Officer | 2 | $0 |
Creston Lea Secretary | Officer | 2 | $0 |
Shayne Millette Treasurer | Officer | 2 | $0 |
Pam Moreau Board Member | Officer | 2 | $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 | $147,549 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $147,549 |
| Total Program Service Revenue | $89,588 |
| Investment income | $23 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $62,710 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $299,870 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,146 |
| 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. | $71,200 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $81,264 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,536 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,093 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $449 |
| Advertising and promotion | $51 |
| Office expenses | $5,210 |
| Information technology | $3,882 |
| Royalties | $0 |
| Occupancy | $69,278 |
| Travel | $0 |
| 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 | $28,329 |
| Insurance | $12,351 |
| All other expenses | $717 |
| Total functional expenses | $296,025 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,920 |
| 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 | $99,446 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $97,831 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $230,197 |
| Accounts payable and accrued expenses | $11,631 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,631 |
| 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 | $218,566 |
| Total liabilities and net assets/fund balances | $230,197 |