Denver Figure Skating Club
- Assets
- $164.0k
- Revenue
- $255.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Highlands Ranch, CO
- Founding
- 01/1986
- Data as of
- 05/2021
- EIN
- 84-0897869
Organization Overview
Denver Figure Skating Club is located in Highlands Ranch, CO. The organization was established in 1986. 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. Denver Figure Skating Club 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 05/2021, Denver Figure Skating Club generated $255.6k 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 (7.8%) each year. All expenses for the organization totaled $254.7k during the year ending 05/2021. As we would expect to see with falling revenues, expenses have declined by (7.4%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND SUPPORT OUR MEMBERS IN THE SPORT OF FIGURE SKATING , AS WELL AS PROMOTE THE SPORT WITHIN THE COMMUNITY. THE ORGANIZATION PROVIDES THE OPPORTUNITY FOR MEMBERS TO PARTICIPATE IN ICE COMPETITIONS, SHOWS, EDUCATIONAL AND TRAINING OPPORTUNITIES RELATED TO SKATING, AND SKATING SOCIAL EVENTS THROUGHOUT THE YEAR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SYNCHRONICITY PROGRAM - PERFORMANCE PROGRAM FOR SKATERS WHO DO NOT WISH TO SKATE COMPETITIVELY
DENVER INVITATIONAL SKATING COMPETITION
SHOWTIME ON ICE - ANNUAL SHOWCASE EVENT SPONSORED JOINTLY WITH COLORADO SKATING CLUB
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzie Nyquist Apparel/synchro | OfficerTrustee | 2 | $0 |
Joanne Cohen Treasurer | OfficerTrustee | 10 | $0 |
Lisa May President | OfficerTrustee | 5 | $0 |
Kitty Delio-Laforte Secretary | OfficerTrustee | 5 | $0 |
Lana Schoch Membership | Trustee | 5 | $0 |
Chris Kavine Vice President | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,213 |
| Investment income | $2 |
| 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 | $4,278 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $255,566 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $47,975 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $709 |
| Office expenses | $4,885 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,589 |
| 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 | $0 |
| Insurance | $848 |
| All other expenses | $0 |
| Total functional expenses | $254,678 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,361 |
| Savings and temporary cash investments | $47,661 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $164,022 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $164,022 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Denver Figure Skating Club has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Richard R Reed Foundation Phoenix, AZ PURPOSE: COVID ASSISTANCE | $25,000 |
Endowment Analysis
| Beg. Balance | $9,278 |
| Earnings | $3 |
| Ending Balance | $9,281 |
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 |