Helmar Skating Fund
- Assets
- $195.7k
- Revenue
- $75.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Denver, CO
- Founding
- 03/1987
- Data as of
- 06/2022
- EIN
- 84-1032757
Organization Overview
Helmar Skating Fund is located in Denver, CO. The organization was established in 1987. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, 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. Helmar Skating Fund 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, Helmar Skating Fund generated $75.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (44.8%) each year. All expenses for the organization totaled $197.7k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Helmar Skating Fund has awarded 27 individual grants totaling $509,947. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NO DIRECT CHARITABLE ACTIVITIES - FOUNDATIONS ONLY ACTIVITY CONSISTED OF 9 GRANTS TOTALING $196,903 INDIVIDUALS (ICE SKATERS) TO SUPPORT NATIONAL/INTERNATIONAL AMATEUR SPORTS COMPETITION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Anderson Sec-Treasurer | 10 | $0 | |
Scott Hamilton President | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $75,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $75,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $651 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $135 |
| Total operating and administrative expenses | $786 |
| Contributions, gifts, grants paid | $196,903 |
| Total expenses and disbursements | $197,689 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $195,682 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $195,682 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Helmar Skating Fund has awarded $196,903 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
AL PURPOSE: COACH/SKATING EXPENSES | $39,797 |
BT PURPOSE: COACH/SKATING EXPENSES | $38,788 |
PR PURPOSE: COACH/SKATING EXPENSES | $31,698 |
CH PURPOSE: COACH/SKATING EXPENSES | $26,338 |
MC PURPOSE: COACH/SKATING EXPENSES | $19,242 |
CP PURPOSE: COACH/SKATING EXPENSES | $16,950 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Usa Cycling Inc Colorado Springs, CO | $20,419,898 | $14,274,266 |
The United States Figure Skating Foundation Colorado Springs, CO | $110,158,715 | $10,117,675 |
Valley Of The Sun Bowl Foundation Scottsdale, AZ | $1,083,776 | $4,579,117 |
Usa Swimming Foundation Colorado Springs, CO | $23,677,061 | $3,991,779 |
Browning - Kimball Foundation Oklahoma City, OK | $30,298,219 | $3,107,780 |
Frvbc Foundation Englewood, CO | $1,256,818 | $625,440 |
The Park People Denver, CO | $1,887,824 | $837,430 |
Omaha Aaa Hockey Association Inc Omaha, NE | $7,835 | $460,126 |
Sparkys Kidz Inc Tempe, AZ | $82,090 | $410,100 |
United States Foundation For Amateur Roller Skating Lincoln, NE | $2,288,535 | $54,732 |
Arizona Next Level Basketball Foundation Tempe, AZ | $112,927 | $272,227 |
Alliance City Park Foundation Alliance, NE | $14,550 | $0 |