Overview
What is Rochester Figure Skating Club Inc?
The Rochester Figure Skating Club Inc, located at 21 Elton Hills Drive NW, Rochester, Minnesota 55901, is a nonprofit organization dedicated to nurturing and fostering an interest in figure skating among youth under 18 years old in Minnesota. With approximately 350 participants, their primary mission is to promote and encourage the sport of figure skating, offering instruction and group skating opportunities. The club does not discriminate based on race, religion, sex, age, gender, or national origin, and they strive to facilitate youth participation in regional, sectional, national, and even international figure skating competitions. With a workforce of 18 individuals, the Rochester Figure Skating Club Inc is committed to fostering the growth and development of young figure skaters in Minnesota.
Official website here: www.rochesterfsc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
The Rochester Figure Skating Club Inc has earned a solid Three-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance. With an overall score derived entirely from this aspect, the organization demonstrates commendable practices, including 100% independent board members and a lack of material asset diversions. The financial health is further underscored by a favorable liabilities-to-assets ratio of 9.84% and program expenses constituting 80.68% of total expenses.
While the organization shows strength in multiple areas, it does have some gaps in governance policies, specifically the absence of a conflict of interest policy, whistleblower policy, and document retention policy. These missing elements could indicate areas for improvement in transparency and accountability, which are critical for building trust with stakeholders.
Overall, the Rochester Figure Skating Club Inc stands out for its solid financial management and independent oversight, although addressing the noted governance deficiencies could enhance its operational effectiveness and community trust even further.
This AI summary has been generated from information found on Charity Navigator.
Is Rochester Figure Skating Club Inc legitimate?
Rochester Figure Skating Club Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rochester Figure Skating 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: $54,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $300,494
For more financial information, click here
Official website here: www.rochesterfsc.org
What is the mission statement of Rochester Figure Skating Club Inc?
The Rochester Figure Skating Club (RFSC) has a mission to nurture, advocate for, and enhance the sport of figure skating among young individuals under the age of 18 in Minnesota. The club encourages and facilitates their participation in regional, sectional, national, and international figure skating competitions, promoting an inclusive environment without discrimination based on race, religion, sex, age, gender, or national origin.
Official website here: www.rochesterfsc.org
What is the revenue of Rochester Figure Skating Club Inc?
Rochester Figure Skating Club Inc's revenue in 2023 was $898,951.
Official website here: www.rochesterfsc.org
Who are the executives of Rochester Figure Skating Club Inc and what are their salaries?
The average compensation at Rochester Figure Skating Club Inc during 2023 was $19,722. There are 18 employees and 60 volunteers at Rochester Figure Skating Club Inc.
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Official website here: www.rochesterfsc.org
Where can I find the form 990 for Rochester Figure Skating Club Inc?
Rochester Figure Skating Club Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.rochesterfsc.org
Learn more at the official website: www.rochesterfsc.org
Mission Statement of Rochester Figure Skating Club Inc
The Rochester Figure Skating Club Inc, a non-discriminatory organization, is dedicated to encouraging and facilitating the growth of figure skating among young individuals under the age of 18 in Minnesota. The club's mission is multifaceted, aimed at fostering, promoting, and improving the sport of figure skating. This is achieved by motivating and enabling youth participation in regional, sectional, national, and even international figure skating competitions. The Rochester Figure Skating Club Inc maintains a non-discriminatory policy, ensuring equal opportunities for all, regardless of factors such as race, religion, sex, age, gender, or national origin.
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Impact
July, 2024
The Rochester Figure Skating Club Inc's impact is significant in fostering, promoting, improving, and encouraging the sport of figure skating among youth under 18 years of age in Minnesota. By providing instruction and group skating opportunities to approximately 350 skaters, the club actively promotes interest in the art of figure skating and facilitates youth participation in regional, sectional, national, and international competitions. This commitment to supporting young skaters in their pursuit of excellence helps develop their skills, confidence, and sportsmanship within the figure skating community.
This information is meant to be a general summary of Rochester Figure Skating 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $2,714
- Program Service Revenue: $834,355
- Gross Receipts: $906,165
Assets and Liabilities:
- Total Assets: $657,611
- Total Liabilities: $70,048
- Net Assets: $587,563
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SKATING CLUB INSTRUCT
Revenue
$728,364
ICE SHOW & COMPETITION
Revenue
$100,551
TESTING
Revenue
$5,440
Organization Details
Founding Year
1940
Principal Officer
Elizabeth Rice
Website
www.rochesterfsc.orgNTEE Category
Code: N68 - Recreation
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