Overview
What is The Skating Club Of Wilmington Inc?
The Skating Club of Wilmington Inc. is a 501(c)(3) nonprofit organization, primarily dedicated to ice skating and associated activities. Established in Wilmington, Delaware, the club serves a wide range of age groups, catering to both competitive and recreational skaters, including figure skaters, ice dancers, synchronized skating teams, and community service volunteers. The club's mission is to provide a balanced environment, ensuring that no single activity overshadows the others. It emphasizes the health and fitness benefits of ice skating and promotes a blend of hockey, serious competitors, recreational skaters, and community service. With a team of 17 dedicated individuals, the Skating Club of Wilmington Inc. strives to foster an inclusive and supportive atmosphere for all its members.
Official website here: www.skatewilm.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
The Skating Club of Wilmington Inc has earned a Three-Star rating from Charity Navigator, primarily due to its strong performance in accountability and finance, scoring 88% in this category. The organization boasts a fully independent board, which is crucial for maintaining objectivity and integrity. Additionally, the club has a high program expense ratio of 94.09%, indicating that a significant portion of its resources is dedicated to its programs.
While the club demonstrates several strengths, including a lack of material diversion of assets and a solid structure for financial statements, there are notable limitations. The absence of a whistleblower policy and a document retention and destruction policy are concerning, as these are important for ensuring transparency and safeguarding against potential misconduct.
Furthermore, the nonprofit has not posted its tax form on its website, which could limit accessibility for stakeholders wishing to review its financial health. Addressing these gaps could enhance the organization's overall accountability and potentially improve its rating in future evaluations.
This AI summary has been generated from information found on Charity Navigator.
Is The Skating Club Of Wilmington Inc legitimate?
The Skating Club Of Wilmington Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Skating Club Of Wilmington 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: $328,888
For more financial information, click here
Official website here: www.skatewilm.com
What is the mission statement of The Skating Club Of Wilmington Inc?
The Skating Club of Wilmington Inc., a non-profit organization, primarily focuses on ice skating and activities that support or enhance it. It caters to various age groups, ensuring a balanced mix of hockey, serious competitors, figure skaters, ice dancers, synchronized skating teams, recreational skaters, and community service. The club aims to prevent any single activity from dominating, ensuring proper service for all groups. Additionally, it emphasizes the health and fitness benefits of ice skating for everyone.
Official website here: www.skatewilm.com
What is the revenue of The Skating Club Of Wilmington Inc?
The Skating Club Of Wilmington Inc's revenue in 2023 was $990,555.
Official website here: www.skatewilm.com
Who are the executives of The Skating Club Of Wilmington Inc and what are their salaries?
The average compensation at The Skating Club Of Wilmington Inc during 2023 was $19,346. There are 17 employees at The Skating Club Of Wilmington Inc.
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Official website here: www.skatewilm.com
Where can I find the form 990 for The Skating Club Of Wilmington Inc?
The Skating Club Of Wilmington Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.skatewilm.com
Learn more at the official website: www.skatewilm.com
Mission Statement of The Skating Club Of Wilmington Inc
The Skating Club of Wilmington, a 501(c)(3) corporation, is primarily dedicated to ice skating and its related activities, serving various age groups. The organization strives for a balanced mix of different skating disciplines, including hockey, serious competitors, figure skaters, ice dancers, synchronized skating teams, recreational skaters, and community service. Its goal is to prevent any single activity from dominating to the detriment of others, ensuring that all groups receive proper attention. Furthermore, The Skating Club of Wilmington highlights the health and fitness benefits that ice skating offers to all individuals.
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Impact
July, 2024
The impact of The Skating Club Of Wilmington Inc is seen through its dedication to developing and training amateur figure skaters for regional competition through to Olympic competition. By providing a platform for individuals of all ages to engage in ice skating, from hockey to synchronized skating teams, the club promotes physical health and fitness benefits to its members. Through its multifaceted approach, the club enriches the community by fostering a love for ice skating while encouraging teamwork, discipline, and skill development among its participants.
This information is meant to be a general summary of The Skating Club Of Wilmington 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: $98
- Program Service Revenue: $901,100
- Gross Receipts: $1,012,466
Assets and Liabilities:
- Total Assets: $1,097,562
- Total Liabilities: $143,464
- Net Assets: $954,098
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ICE SKATING
Revenue
$671,962
HOCKEY PROGRAM
Revenue
$229,138
Organization Details
Founding Year
1964
Principal Officer
Sharon Hatcherson
Website
www.skatewilm.comNTEE Category
Code: N40 - Recreation
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