Somerset Youth Hockey Association
- Assets
- $1.0m
- Revenue
- $675.5k
- Investments
- $0.0
- Employees
- 10
- Location
- Somerset, WI
- Founding
- 04/1985
- Data as of
- 03/2022
- EIN
- 93-0815754
Organization Overview
Somerset Youth Hockey Association is located in Somerset, WI. The organization was established in 1985. 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 03/2022, Somerset Youth Hockey Association employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Somerset Youth Hockey 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 03/2022, Somerset Youth Hockey Association generated $675.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $603.9k during the year ending 03/2022. While expenses have increased by 5.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
PROVIDED AN OPPORTUNITY FOR LOCAL RESIDENTS AND VARIOUS LOCAL HOCKEY TEAMS TO LEARN HOW TO PLAY HOCKEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINED A LOCAL SCHOOL HOCKEY TEAM AND PROVIDED A HOCKEY ARENA TO TEACH CHILDREN OF ALL AGES HOW TO PLAY HOCKEY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Gilkerson Director | Trustee | 40 | $103,051 |
Stacey Belisle Secretary | OfficerTrustee | $0 | |
Shannon Ducklow President | OfficerTrustee | $0 | |
Dan Mondor Vice Preside | OfficerTrustee | $0 | |
Dave Steines Treasurer | OfficerTrustee | $0 | |
Matt Foucault Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $27,282 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,133 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,415 |
| Total Program Service Revenue | $210,673 |
| Investment income | $3 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $49,450 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $14,879 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $675,470 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $148,556 |
| Pension plan accruals and contributions | $3,092 |
| Other employee benefits | $0 |
| Payroll taxes | $11,365 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,218 |
| Advertising and promotion | $3,427 |
| Office expenses | $247 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $34,694 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,586 |
| Insurance | $23,504 |
| All other expenses | $24,653 |
| Total functional expenses | $603,901 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,439 |
| Savings and temporary cash investments | $309,507 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,551 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $17 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $703,466 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,824 |
| Other assets | $0 |
| Total assets | $1,029,804 |
| 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 | $817,875 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $36,704 |
| Total liabilities | $854,579 |
| 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 | $175,225 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,029,804 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Somerset Youth Hockey Association has recieved totaling $97.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $97 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amateur Hockey Assoc Illinois Inc Elk Grove Village, IL | $1,304,353 | $3,600,631 |
Sabre Hockey Association Naperville, IL | $660,750 | $2,725,908 |
Chicago Mission Aaa Hockey Club Chicago, IL | $91,949 | $3,146,762 |
Team Illinois Hockey Club Barrington, IL | $1,289,943 | $2,565,201 |
Chicago Young Americans Amateur Hockey Association Frankfort, IL | $180,153 | $2,181,260 |
Michigan Snowmobile & Orv Association Wyoming, MI | $1,270,885 | $2,669,525 |
The Loppet Foundation Inc Minneapolis, MN | $4,982,965 | $3,219,111 |
American Birkebeiner Ski Foundation Inc Hayward, WI | $7,179,042 | $2,764,424 |
Hawks Hockey Club Nfp Darien, IL | $1,224,811 | $2,991,552 |
Falcons Hockey Association Highland Park, IL | $144,665 | $2,611,835 |
United Heroes League Hastings, MN | $3,084,310 | $3,081,953 |
Detroit Skating Club Inc Bloomfield Hills, MI | $5,849,869 | $2,229,061 |