United States Figure Skating Association
- Assets
- $17.6m
- Revenue
- $19.1m
- Investments
- $3.2m
- Employees
- 64
- Location
- Colorado Springs, CO
- Founding
- 10/1978
- Data as of
- 06/2021
- EIN
- 84-0768715
Organization Overview
United States Figure Skating Association is located in Colorado Springs, CO. The organization was established in 1978. According to its NTEE Classification (N68) the organization is classified as: Winter Sports, under the broad grouping of Recreation & Sports and related organizations. As of 06/2021, United States Figure Skating Association employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United States Figure 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 06/2021, United States Figure Skating Association generated $19.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $19.0m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
NATIONAL GOVERNING BODY FOR THE SPORT OF FIGURE SKATING.
Describe the Organization's Program Activity:
SKATING EVENTS
MEMBERSHIP ACTIVITIES AND SERVICE
DEVELOPMENT AND SUPPORT OF ATHLETES
GOVERNANCE, JUDGING, & PUBLICATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raith David Executive Director-Ex Officio | OfficerTrustee | 40 | $225,782 |
Chow Charles Chief Technology Officer | OfficerTrustee | 40 | $225,317 |
Baker Ramsey Cmo | Officer | 40 | $185,659 |
Anderson John Staff Legal Counsel | 40 | $145,204 | |
Rede Mario Chief Financial Officer | OfficerTrustee | 40 | $139,165 |
Cammett Anne President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Red Brick Sports Llc Tv Production | 6/29/21 | $283,406 |
Luke Anderson It Development Servi | 6/29/21 | $126,340 |
Janet M Perry It Development Servi | 6/29/21 | $135,535 |
Rebecca Miller It Development Servi | 6/29/21 | $117,312 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $4,367,506 |
| Government grants | $86,257 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,250,333 |
| Noncash contributions included in lines 1a–1f | $96,290 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,704,096 |
| Total Program Service Revenue | $11,004,597 |
| Investment income | $29,239 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $57,996 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $351,654 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,148,082 |
| 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. | $966,754 |
| Compensation of current officers, directors, key employees. | $721,803 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,900,370 |
| Pension plan accruals and contributions | $57,555 |
| Other employee benefits | $131,143 |
| Payroll taxes | $79,955 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $455,451 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $51,431 |
| Fees for services: Other | $377,476 |
| Advertising and promotion | $99,025 |
| Office expenses | $47,306 |
| Information technology | $136,857 |
| Royalties | $0 |
| Occupancy | $76,415 |
| Travel | $507,626 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,209 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $122,132 |
| Insurance | $535,110 |
| All other expenses | $1,841,884 |
| Total functional expenses | $18,981,966 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,591,824 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,446,131 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $200,395 |
| Prepaid expenses and deferred charges | $450,027 |
| Net Land, buildings, and equipment | $5,774,788 |
| Investments—publicly traded securities | $951,092 |
| Investments—other securities | $3,232,918 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,995,658 |
| Total assets | $17,642,833 |
| Accounts payable and accrued expenses | $3,752,907 |
| Grants payable | $0 |
| Deferred revenue | $3,227,841 |
| 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 | $1,200,000 |
| Total liabilities | $8,180,748 |
| Net assets without donor restrictions | $7,731,783 |
| Net assets with donor restrictions | $1,730,302 |
| 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 | $17,642,833 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that United States Figure Skating Association has recieved totaling $1,373,261.
| Awarding Organization | Amount |
|---|---|
United States Olympic & Paralympic Committee Colorado Springs, CO PURPOSE: OLYMPIC/PARALYMPIC SUPPORT | $1,292,788 |
Denver Foundation Denver, CO PURPOSE: OF THE COLLEGIATE CHAMPIONSHIP SCHOLARSHIP AWARD PROGRAM | $65,148 |
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: GENERAL OPERATING | $10,000 |
Pioneer Fund Denver, CO PURPOSE: GENERALOPERATINGSUPPORT | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $325 |
Endowment Analysis
| Beg. Balance | $962,401 |
| Earnings | $127,411 |
| Admin Expense | $879,001 |
| Net Contributions | $45,000 |
| Ending Balance | $255,811 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Utah Athletic Foundation Park City, UT | $132,812,744 | $41,739,764 |
United States Figure Skating Association Colorado Springs, CO | $17,642,833 | $19,148,082 |
Usa Hockey Foundation Colorado Springs, CO | $49,949,218 | $18,128,256 |
Ski And Snowboard Club Vail Vail, CO | $13,295,596 | $9,159,333 |
Steamboat Springs Winter Sports Club Inc Steamboat Springs, CO | $1,668,476 | $5,975,021 |
Aspen Valley Ski-Snowboard Club Inc Aspen, CO | $7,027,806 | $6,714,655 |
Cooper Hill Ski Area Inc Leadville, CO | $7,003,868 | $5,855,683 |
Coyotes Amateur Hockey Association Scottsdale, AZ | $1,010,325 | $4,778,819 |
American Alpine Club Golden, CO | $9,490,812 | $5,208,382 |
Utah Ski Association Salt Lake City, UT | $2,005,466 | $3,369,684 |
Usa Nordic Sport Inc Park City, UT | $182,007 | $3,079,975 |
Littleton Hockey Association Littleton, CO | $1,019,905 | $2,579,388 |