Overview
What is Twin City Figure Skating Assn?
Twin City Figure Skating Association is a nonprofit organization dedicated to nurturing and supporting the sport of figure skating among youth under 18 years old residing in Minnesota. By fostering collaboration between affiliated clubs, this association aims to strengthen the figure skating community and provide opportunities for youth to participate in local, regional, sectional, and national competitions. The association's initiatives include financing event and activity expenses, thereby making the sport more accessible and affordable for young skaters.
Official website here: www.tcfsa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (59%)
The Twin City Figure Skating Association has received a One-Star out of Four Star rating from Charity Navigator, reflecting its score of 59% primarily due to accountability and finance considerations. The rating highlights significant areas for improvement, particularly in governance practices, as the organization lacks independent board members and has not established essential policies, such as conflict of interest and whistleblower policies.
Despite these governance shortcomings, the organization demonstrates a strong commitment to its programs, with a program expense ratio of 72.30%, indicating that a significant portion of its funding is devoted to its mission-related activities. Additionally, there are no reported material diversions of assets, and the association maintains a favorable liabilities to assets ratio of 8.71%, suggesting financial stability.
However, the absence of independent board members raises concerns about effective oversight and decision-making processes within the organization. To enhance its overall rating and accountability, the Twin City Figure Skating Association should prioritize establishing independent governance structures and implementing necessary policies.
This AI summary has been generated from information found on Charity Navigator.
Is Twin City Figure Skating Assn legitimate?
Twin City Figure Skating Assn is a legitimate nonprofit organization registered as a 501(c)(3) entity. Twin City Figure Skating Assn 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:
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Official website here: www.tcfsa.org
What is the mission statement of Twin City Figure Skating Assn?
The Twin City Figure Skating Association is committed to nurturing, advancing, and enhancing the sport of figure skating among youth under the age of 18 in Minnesota. The association encourages collaboration between its member clubs and facilitates participation in regional, sectional, and national competitions. One of its key objectives is to foster an environment that supports young figure skaters in their pursuit of excellence in the sport. The association also covers expenses for events and activities, demonstrating its commitment to making figure skating accessible for youth in the state.
Official website here: www.tcfsa.org
Who is the CEO of Twin City Figure Skating Assn?
Gay Ann Louiselle is the President of Twin City Figure Skating Assn.
Official website here: www.tcfsa.org
What is the revenue of Twin City Figure Skating Assn?
Twin City Figure Skating Assn's revenue in 2023 was $66,154.
Official website here: www.tcfsa.org
Who are the executives of Twin City Figure Skating Assn and what are their salaries?
Here are 5 key members and their salaries:
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Official website here: www.tcfsa.org
Where can I find the form 990 for Twin City Figure Skating Assn?
Twin City Figure Skating Assn's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.tcfsa.org
Learn more at the official website: www.tcfsa.org
Mission Statement of Twin City Figure Skating Assn
Twin City Figure Skating Association, a nonprofit organization, is dedicated to nurturing, advancing, and inspiring the art of figure skating among young individuals under the age of 18 residing in Minnesota. The association aims to foster a sense of unity among its member clubs, encouraging collaboration and facilitating participation in local, regional, sectional, and national figure skating competitions. By covering the expenses related to events and activities, the Twin City Figure Skating Association strives to make the sport of figure skating more accessible and inclusive for the youth in Minnesota.
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Impact
August, 2024
Twin City Figure Skating Association's impact is significant in fostering, promoting, improving, and encouraging the sport of figure skating among youth under 18 years of age in the state of Minnesota. The association plays a crucial role in promoting cooperation between member clubs and facilitating participation in regional, sectional, national, and international figure skating competitions. Through its programs, it covers event and activity expenses, making it possible for young skaters to participate and excel in the sport.
This information is meant to be a general summary of Twin City Figure Skating Assn. 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 2023.
- Investment Income: $8,169
- Program Service Revenue: $57,985
- Gross Receipts: $206,853
Assets and Liabilities:
- Total Assets: $500,685
- Total Liabilities: $43,652
- Net Assets: $457,033
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Organization Details
Founding Year
1973
Phone
(763) 360-7079Principal Officer
Gay Ann Louiselle
Main Address
101 10TH ST E 343, STPAUL, MN, 55101
Website
www.tcfsa.orgNTEE Category
Code: N68 - Recreation
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