Overview
What is Pettit National Ice Center Inc?
The Pettit National Ice Center Inc, situated in Milwaukee, Wisconsin, is a distinguished nonprofit organization dedicated to ice skating. Established in 1992, it has served as a premier training ground for Olympic-level speedskaters. By agreement with US Speedskating (USS), the national governing body under the USOC, the Pettit Center offers free or discounted on-ice and off-ice training facilities to qualified USS athletes and high-potential candidates. The center also hosts regional and national competitions as designated by USS. Its mission is to promote, offer, and support recreational, instructional, and competitive ice skating-related activities, ensuring the well-being of its users. The Pettit Center also serves as a platform for training and development for high-level speed skaters, contributing to the growth of the sport. With a workforce of 104 individuals, the Pettit National Ice Center Inc continues to make significant strides in the field of ice skating.
Official website here: www.thepettit.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Pettit National Ice Center Inc has achieved a commendable Four-Star rating from Charity Navigator, indicating a strong commitment to accountability and financial health. The organization scored a perfect 100% in Accountability & Finance, reflecting effective governance and management practices, including a fully independent board and no material diversion of assets.
The center demonstrates solid financial practices with a program expense ratio of 92.66%, ensuring that the majority of its resources are directed toward its mission. However, it did receive a point deduction for the absence of its tax form on its website, which indicates an area for improvement in transparency.
Overall, Pettit National Ice Center Inc showcases a well-structured organization with high standards in financial governance, though it should enhance its public documentation to fully align with best practices.
This AI summary has been generated from information found on Charity Navigator.
Is Pettit National Ice Center Inc legitimate?
Pettit National Ice Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pettit National Ice Center 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: $41,083
Professional Fundraising Fees: $0
Other Salaries and Wages: $711,026
For more financial information, click here
Official website here: www.thepettit.com
What is the mission statement of Pettit National Ice Center Inc?
The Pettit National Ice Center Inc is committed to promoting, offering, and supporting recreational, instructional, and competitive ice skating-related activities for the well-being of its users. The center also provides training and development opportunities for high-level speed skaters. Since its opening in 1992, it has served as an elite training site for Olympic-level speed skaters, offering free or discounted on-ice and off-ice facilities for qualified athletes under the US Speedskating (USS). Additionally, the center hosts regional and national competitions as designated by USS.
Official website here: www.thepettit.com
Who is the CEO of Pettit National Ice Center Inc?
Charles Henderson is the Vice-Chairperson of Pettit National Ice Center Inc.
Official website here: www.thepettit.com
What is the revenue of Pettit National Ice Center Inc?
Pettit National Ice Center Inc's revenue in 2022 was $2,795,086.
Official website here: www.thepettit.com
Who are the executives of Pettit National Ice Center Inc and what are their salaries?
The average compensation at Pettit National Ice Center Inc during 2022 was $7,232. There are 104 employees and 25 volunteers at Pettit National Ice Center Inc.
Here are 8 key members and their salaries:
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- Compensation: $41,084
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- Other: $990
Official website here: www.thepettit.com
Where can I find the form 990 for Pettit National Ice Center Inc?
Pettit National Ice Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thepettit.com
Learn more at the official website: www.thepettit.com
Mission Statement of Pettit National Ice Center Inc
Pettit National Ice Center Inc is dedicated to promoting and supporting recreational, instructional, and competitive ice skating-related activities for the well-being of its users. The center also serves as a training and development ground for high-level speed skaters. By agreement with US Speedskating, the national governing body under the USOC, Pettit Center offers free or discounted on-ice and off-ice training facilities for qualified US Speedskating athletes and those with high potential. Furthermore, the center hosts regional and national competitions as designated by USS. Pettit National Ice Center Inc plays a significant role in fostering ice skating activities and nurturing the talents of aspiring speed skaters.
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Impact
July, 2024
The Pettit National Ice Center Inc has a significant impact in promoting, offering, and supporting recreational, instructional, and competitive ice skating-related activities and programs for the well-being of its users. The center serves as an elite training site for Olympic-level speed skaters and provides free or discounted training facilities for qualified athletes in partnership with US Speedskating. By hosting regional and national competitions, the center contributes to the development and advancement of speed skating in the United States. Overall, Pettit National Ice Center plays a crucial role in fostering a vibrant ice skating community and supporting the growth of the sport at various levels.
This information is meant to be a general summary of Pettit National Ice Center 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: $379
- Program Service Revenue: $2,262,384
- Gross Receipts: $2,795,086
Assets and Liabilities:
- Total Assets: $8,400,866
- Total Liabilities: $171,291
- Net Assets: $8,229,575
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PUBLIC USE
Revenue
$832,063
HOCKEY
Revenue
$809,181
SKATING SCHOOL
Revenue
$260,961
FIGURE SKATING
Revenue
$182,586
SPEED SKATING
Revenue
$177,593
Organization Details
Founding Year
1991
Phone
(414) 266-0100Principal Officer
Charles Henderson
Main Address
500 S 84TH ST, MILWAUKEE, WI, 532141400
Website
www.thepettit.comNTEE Category
Code: N60Z - Recreation
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