Overview
What is East Alton Civic Rink Management?
East Alton Civic Rink Management is a nonprofit organization situated in East Alton, Illinois, specifically at 631 Lewis Clark Blvd. Their primary mission is to manage, operate, maintain, and ensure debt service for the East Alton Ice Arena, which is a vital indoor ice skating rink in Madison County, Illinois. This facility is the only year-round option of its kind in the area, providing public entertainment and recreational opportunities. With a team of 54 employees, the organization works diligently to ensure the arena's upkeep and operation, ensuring the continued enjoyment of ice sports for the local community.
Official website here: www.eastaltonicearena.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Stars
East Alton Civic Rink Management has achieved a remarkable 96% rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. This high score is exclusively derived from the organization's accountability and finance metrics, indicating a well-managed and transparent operation.
The organization boasts a fully independent board, with 100% of its members meeting the independence criteria. It has also established comprehensive financial oversight mechanisms, including an Audit and Oversight Committee that received full marks. The absence of any material diversion of assets coupled with a low liabilities-to-assets ratio further solidifies the nonprofit's fiscal stability.
Notably, the organization has adopted various policies to ensure ethical governance, such as a conflict of interest policy and a whistleblower policy. The perfect program expense ratio signifies that all its expenditures are directed towards program activities, demonstrating its dedication to fulfilling its mission effectively. Overall, East Alton Civic Rink Management stands out as a well-governed and financially sound nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is East Alton Civic Rink Management legitimate?
East Alton Civic Rink Management is a legitimate nonprofit organization registered as a 501(c)(3) entity. East Alton Civic Rink Management 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: $105,381
Professional Fundraising Fees: $0
Other Salaries and Wages: $335,012
For more financial information, click here
Official website here: www.eastaltonicearena.org
What is the mission statement of East Alton Civic Rink Management?
The mission of East Alton Civic Rink Management, in essence, is dedicated to managing, operating, maintaining, and ensuring the debt service of a community-owned ice arena. This arena serves as the sole year-round indoor ice skating rink in the region of Madison County, Illinois, open for public usage. The primary objective of East Alton Civic Rink Management is to oversee the smooth functioning and upkeep of this facility, ensuring its continued availability for the enjoyment and recreation of the community.
Official website here: www.eastaltonicearena.org
Who is the CEO of East Alton Civic Rink Management?
Larry Thatcher is the President of East Alton Civic Rink Management.
Official website here: www.eastaltonicearena.org
What is the revenue of East Alton Civic Rink Management?
East Alton Civic Rink Management's revenue in 2022 was $1,113,506.
Official website here: www.eastaltonicearena.org
Who are the executives of East Alton Civic Rink Management and what are their salaries?
The average compensation at East Alton Civic Rink Management during 2022 was $8,155. There are 54 employees at East Alton Civic Rink Management.
Here are 8 key members and their salaries:
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- Compensation: $82,917
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- Other: $22,464
Official website here: www.eastaltonicearena.org
Where can I find the form 990 for East Alton Civic Rink Management?
East Alton Civic Rink Management's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.eastaltonicearena.org
Learn more at the official website: www.eastaltonicearena.org
Mission Statement of East Alton Civic Rink Management
East Alton Civic Rink Management is dedicated to managing, operating, maintaining, and ensuring the debt service of a significant community asset – the East Alton Ice Arena. This nonprofit organization's mission is to oversee the day-to-day operations, upkeep, and financial obligations associated with this popular ice rink, ensuring it remains accessible for public use. The East Alton Ice Arena is a unique facility, being the only year-round indoor ice skating rink in Madison County, Illinois. By managing this facility effectively, East Alton Civic Rink Management contributes to the enjoyment and recreational activities of the local community, making it an essential part of community life.
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Impact
October, 2024
East Alton Civic Rink Management plays a crucial role in the community by overseeing the operation and maintenance of the East Alton Ice Arena, the only year-round indoor ice skating facility in Madison County, Illinois. This management ensures that the rink remains accessible for public use, providing a space for recreational activities such as ice skating, hockey, and figure skating.
The organization not only maintains the physical facility but also manages the financial aspects, including debt service, which allows the rink to operate smoothly and sustainably. This contributes to the local economy by attracting residents and visitors to recreational events, lessons, and competitions held at the arena. Furthermore, by promoting ice sports, East Alton Civic Rink Management supports community engagement, encourages physical activity, and fosters social interactions among community members. The rink serves as a vital hub for recreation, enhancing the quality of life for residents in East Alton and surrounding areas.
This information is meant to be a general summary of East Alton Civic Rink Management. 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: $128
- Program Service Revenue: $824,631
- Gross Receipts: $1,413,082
Assets and Liabilities:
- Total Assets: $358,126
- Total Liabilities: $53,826
- Net Assets: $304,300
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ICE RENTAL
Revenue
$623,452
ADMISSIONS
Revenue
$159,314
PROGRAM INCOME
Revenue
$41,865
Organization Details
Founding Year
1995
Phone
(618) 254-7465Principal Officer
Larry Thatcher
Main Address
631 LEWIS CLARK BLVD, EAST ALTON, IL, 62024
Website
www.eastaltonicearena.orgNTEE Category
Code: N32Z - Recreation
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