Overview
What is Skating Institute Of Rochester Inc?
The Skating Institute of Rochester Inc, situated in Rochester, New York, serves as a hockey, skate, or ski leagues or club, with a primary focus on providing skating instruction. As a nonprofit organization, their mission is centered around enhancing the skills and passion for skating within their community. The Institute offers a conducive environment for individuals to learn and perfect their skating abilities, catering to various winter sports enthusiasts.
Official website here: www.paullouisarena.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52%, One-Star out of Four Stars
The Skating Institute of Rochester Inc holds a low rating of 52%, classified as a One-Star organization. This score reflects notable strengths in governance, including a fully independent board of directors, which is a positive indicator of accountability. They also demonstrate a high program expense ratio of 86.06%, suggesting that a significant portion of their funds is allocated directly to their programs.
However, there are considerable weaknesses that impact their overall rating. The organization has not provided financial statements, leading to a complete lack of transparency in financial reporting. Additionally, they lack essential policies such as conflict of interest, whistleblower, and document retention and destruction policies, which raises concerns about governance practices.
The financial health of the organization appears to be a concern as well, with a liabilities to assets ratio of 165.30%, indicating that their liabilities exceed their assets. This situation could pose risks for sustainability and operational viability moving forward. Overall, while the Skating Institute of Rochester Inc has some positive governance attributes, significant gaps in financial transparency and policy implementation are critical areas needing improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Skating Institute Of Rochester Inc legitimate?
Skating Institute Of Rochester Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Skating Institute Of Rochester Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $172,956
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Official website here: www.paullouisarena.com
What is the mission statement of Skating Institute Of Rochester Inc?
The Skating Institute of Rochester Inc, being a hockey, skate, or ski organization, focuses on providing skating instruction as its primary mission. This institution is committed to fostering the skills and passion for skating among its participants, offering a platform for individuals to excel in their chosen sport. The organization's activities revolve around honing the skills and techniques required for various skating disciplines, aiming to create a community of confident and skilled skaters.
Official website here: www.paullouisarena.com
Who is the CEO of Skating Institute Of Rochester Inc?
Thomas Masaschi is the President of Skating Institute Of Rochester Inc.
Official website here: www.paullouisarena.com
What is the revenue of Skating Institute Of Rochester Inc?
Skating Institute Of Rochester Inc's revenue in 2022 was $626,829.
Official website here: www.paullouisarena.com
Who are the executives of Skating Institute Of Rochester Inc and what are their salaries?
The average compensation at Skating Institute Of Rochester Inc during 2022 was $9,103. There are 19 employees at Skating Institute Of Rochester Inc.
Here are 5 key members and their salaries:
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Official website here: www.paullouisarena.com
Where can I find the form 990 for Skating Institute Of Rochester Inc?
Skating Institute Of Rochester Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.paullouisarena.com
Learn more at the official website: www.paullouisarena.com
Mission Statement of Skating Institute Of Rochester Inc
The Skating Institute of Rochester Inc, as a hockey, skate, or ski leagues or club, is dedicated to providing skating instruction in Rochester, New York. Their primary mission revolves around teaching and enhancing the skills of individuals in these sports. The organization strives to foster a love for skating within its community, offering instructional programs that cater to various age groups and skill levels. By doing so, the Skating Institute of Rochester Inc aims to contribute to the development of well-rounded athletes and enthusiasts, promoting the joy and benefits of skating activities.
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Impact
July, 2024
The Skating Institute of Rochester Inc's impact lies in providing high-quality skating instruction to the community in Rochester, NY. Through its hockey, skate, or ski leagues and clubs, the institute helps individuals develop their skating skills and passion for the sport. By offering a structured environment and expert guidance, the institute fosters a love for skating while promoting physical activity and healthy lifestyles among its participants.
This information is meant to be a general summary of Skating Institute Of Rochester Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $50
- Program Service Revenue: $613,897
- Gross Receipts: $626,829
Assets and Liabilities:
- Total Assets: $680,900
- Total Liabilities: $1,125,592
- Net Assets: -$444,692
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM INCOME
Revenue
$613,897
Organization Details
Founding Year
1955
Phone
(585) 325-2218Principal Officer
Thomas Masaschi
Main Address
2604 ELMWOOD AVENUE 352, ROCHESTER, NY, 14618
Website
www.paullouisarena.comNTEE Category
Code: N31 - Recreation
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