Overview
What is Us Speedskating?
Us Speedskating is a distinguished nonprofit organization based in Kearns, Utah, with a focus on promoting speedskating in the United States. Governed by an 11-member board consisting of retired athletes, independent members, and representatives from various regions across the nation, their primary goal is to excel in international competitions, particularly the Winter Olympic Games. Their mission encompasses leadership, development, and performance, with a strong emphasis on the training and development of elite athletes. In addition to elite athlete training, Us Speedskating is committed to grassroots development, offering athlete development camps and coaching and officiating educational resources nationwide. The organization also funds the production of promotional materials, such as training videos and development resources, to support and promote speedskating. As a member of both the US Olympic Committee (USOC) and the International Skating Union, Us Speedskating plays a significant role in fostering the growth and success of speedskating in the United States, with a total of 24 dedicated employees.
Official website here: www.usspeedskating.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 71%, Two-Star out of Four Star rating.
Us Speedskating has received a Two-Star rating from Charity Navigator, primarily reflecting its Accountability & Finance score of 71%. This rating highlights the organization’s financial management and governance practices, with strong performance indicators such as having an independent audit and no material diversion of assets. However, the charity's score is notably impacted by the low percentage of independent board members, which is at 45%, resulting in a score of zero in that area.
The organization demonstrates a solid commitment to transparency and fiscal responsibility, as evidenced by its high program expense ratio of 83.24% and fundraising efficiency of $0.022, indicating effective use of funds raised. Furthermore, they have established important policies such as a conflict of interest policy and a whistleblower policy, which contribute to their governance practices. However, certain ratios like liabilities to assets and working capital suggest potential financial vulnerabilities that could affect long-term sustainability.
Overall, while Us Speedskating has several commendable financial practices and policies in place, the lack of a fully independent board could raise concerns regarding governance. The charity's performance is satisfactory, but it may benefit from improving its board independence to enhance its accountability and bolster its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Us Speedskating?
92% of 489 reviewers on Facebook recommend Us Speedskating. Here’s a summary of their reviews:
Many supporters appreciate the organization's commitment to promoting the sport and the opportunities it provides for athletes at various levels. Reviewers often highlight the positive community atmosphere and the chance for skaters to develop their skills in a structured environment.
However, there are some concerns about the timing of race result postings, indicating that not all members feel fully engaged with the event experience. Overall, the sentiment is largely favorable, and many believe Us Speedskating effectively meets its mission of fostering a love for speed skating among participants and fans.
This AI summary has been generated from reviews found on Facebook.
Is Us Speedskating legitimate?
Us Speedskating is a legitimate nonprofit organization registered as a 501(c)(3) entity. Us Speedskating 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: $412,470
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,288,449
For more financial information, click here
Official website here: www.usspeedskating.org
What is the mission statement of Us Speedskating?
US Speedskating's mission is centered around promoting speedskating within the United States and achieving success at international competitions, such as the Winter Olympic Games. The organization aspires to be recognized as one of the leading speedskating associations globally, by upholding excellence in leadership, development, and performance. US Speedskating primarily focuses on the training and development of elite athletes for international competitions. In addition to this, the association is responsible for fostering grassroots speedskating development through athlete development camps, coaching, and officiating educational training across the country. US Speedskating also funds the production of promotional materials to support the sport. Furthermore, it is a member of both the US Olympic Committee (USOC) and the International Skating Union.
Official website here: www.usspeedskating.org
Who is the CEO of Us Speedskating?
Ted Morris is the Executive Director of Us Speedskating.
Official website here: www.usspeedskating.org
What is the revenue of Us Speedskating?
Us Speedskating's revenue in 2022 was $5,191,003.
Official website here: www.usspeedskating.org
Who are the executives of Us Speedskating and what are their salaries?
The average compensation at Us Speedskating during 2022 was $70,872. There are 24 employees and 425 volunteers at Us Speedskating.
Here are 13 key members and their salaries:
- Compensation: $223,610
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- Other: $0
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Official website here: www.usspeedskating.org
Where can I find the form 990 for Us Speedskating?
Us Speedskating's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.usspeedskating.org
Learn more at the official website: www.usspeedskating.org
Mission Statement of Us Speedskating
Us Speedskating, as a leading speedskating organization in the United States, aims to promote the sport on a national level and excel in international competitions, such as the Winter Olympic Games. Their mission is multifaceted, encompassing excellence in leadership, development, and performance. They are primarily focused on nurturing elite athletes for international competitions, providing them with the necessary training and development opportunities. Beyond this, Us Speedskating is also committed to fostering the grassroots development of speedskating across the country. This involves organizing athlete development camps and offering coaching and officiating educational training to individuals nationwide. Furthermore, the organization funds the production of promotional materials, including training tapes and developmental resources, to further promote the sport. Us Speedskating is a distinguished member of both the US Olympic Committee (USOC) and the International Skating Union, demonstrating its commitment to upholding the highest standards in the sport of speedskating.
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Impact
July, 2024
US Speedskating's impact is felt through its promotion of speedskating in the United States and its success in international competitions. The organization is dedicated to developing elite athletes for events like the Winter Olympic Games. Additionally, US Speedskating plays a crucial role in grassroots development by supporting athlete camps, coaching, and officiating education nationwide. Through its efforts, US Speedskating aims to be one of the premier speedskating organizations globally, showcasing excellence in leadership, development, and performance. As a member of the US Olympic Committee and the International Skating Union, US Speedskating contributes significantly to the growth and success of competitive speedskating in the US.
This information is meant to be a general summary of Us Speedskating. 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.
- Program Service Revenue: $165,297
- Gross Receipts: $5,191,003
Assets and Liabilities:
- Total Assets: $2,498,411
- Total Liabilities: $1,905,469
- Net Assets: $592,942
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Broadcasting Revenue
Revenue
$50,000
Development Camp Fees
Revenue
$19,581
Event Registration
Revenue
$95,716
Organization Details
Founding Year
1965
Phone
(801) 440-0620Principal Officer
Ted Morris
Main Address
5662 S Cougar Lane, Kearns, UT, 84118
Website
www.usspeedskating.orgNTEE Category
Code: N6XZ - Recreation
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