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Potomac Speedskating Club Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 262651623 ✦ Arlington, VA ✦ Designated as a 501(c)(3)

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Overview

What is Potomac Speedskating Club Inc?

Potomac Speedskating Club Inc, situated in Arlington, Virginia, is a distinguished nonprofit organization with a strong focus on speedskating. Led by a former Olympic medalist, the club offers elite-level training to aspiring speedskaters in the Washington D.C. area. They run an elite development program, funded by US Speedskating, the national governing body of speedskating in the U.S. The club's dedication and expertise have led to six national club titles and the training of over five skaters who now form part of the US National Team, including one Olympian. The mission of Potomac Speedskating Club Inc is to promote and foster national and international amateur speedskating competition, contributing to the growth and success of this thrilling sport.

Is Potomac Speedskating Club Inc legitimate?

Potomac Speedskating Club Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Potomac Speedskating Club 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: $0

For more financial information, click here

What is the mission statement of Potomac Speedskating Club Inc?

The Potomac Speedskating Club Inc's mission is centered around promoting national and international amateur speedskating competition. In pursuit of this goal, they offer elite-level training for aspiring speedskaters. This training is provided by a former Olympic medalist in short track speedskating. The club also supports an elite development program for speedskaters in the Washington DC area, which is funded by US Speedskating, the national governing body of speedskating in the United States. Over the years, Potomac Speedskating has achieved significant success, winning six national club titles and training numerous skaters who have gone on to join the US National Team, including one Olympian.

Who is the CEO of Potomac Speedskating Club Inc?

Tzu-Hsien Yen is the President of Potomac Speedskating Club Inc.

What is the revenue of Potomac Speedskating Club Inc?

Potomac Speedskating Club Inc's revenue in 2023 was $333,917.

Who are the executives of Potomac Speedskating Club Inc and what are their salaries?


Here are 5 key members and their salaries:


Tzu-Hsien Yen (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Sullivan (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lili Cui (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Rillotta (Skater Liasion)
  • Compensation: $0
  • Related: $0
  • Other: $0
Victoria Groseclose (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Potomac Speedskating Club Inc?

Potomac Speedskating Club Inc's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Potomac Speedskating Club Inc

Potomac Speedskating Club Inc is dedicated to promoting and encouraging national and international amateur speedskating competitions. Through their mission, they strive to foster a competitive environment that nurtures the skills and talents of aspiring speedskaters. The organization provides elite-level training, led by a former Olympic medalist in short track speedskating. This expertise is instrumental in shaping an elite development program for speedskaters in the Washington D.C. area. The club's commitment to nurturing talent and skill has led to significant achievements, with Potomac Speedskating claiming six national club titles. Furthermore, the club has been a springboard for numerous skaters, who have gone on to join the US National Team. Among them, one skater has represented the nation at the Olympic level.

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Impact




October, 2024

Potomac Speedskating Club Inc significantly enhances the landscape of amateur speedskating competition at both national and international levels. By providing elite-level training coached by a former Olympic medalist in short track speedskating, the club equips local athletes with the skills and knowledge needed to excel in this competitive sport. Its elite development program, supported by US Speedskating, emphasizes structured training, enabling skaters from the Washington D.C. area to reach their full potential.

The club’s impressive track record includes winning six national club titles and training over five skaters who are currently part of the US National Team, showcasing its ability to nurture talent at a high level. This contribution not only elevates individual athletes but also elevates the reputation of American speedskating on a global stage. By fostering a competitive environment, Potomac Speedskating Club Inc plays a crucial role in promoting the sport and inspiring the next generation of speedskaters.




This information is meant to be a general summary of Potomac Speedskating Club 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.

Revenue
$333,917 (2023)
Expenses
$333,705 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Program Service Revenue: $333,917
  • Gross Receipts: $333,917

Assets and Liabilities:

  • Total Assets: $142,642
  • Total Liabilities: $24
  • Net Assets: $142,618

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Membership Dues & Fees

Revenue

$333,917

Organization Details

Principal Officer

Tzu-Hsien Yen

Main Address

4201 Wilson Blvd Suite 110-437, Arlington, VA, 22203

NTEE Category

Code: N600 - Recreation

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