Overview
What is Hgm Ice Inc?
Hgm Ice Inc is a nonprofit organization situated in Menomonee Falls, Wisconsin, with a ZIP code of 53051. Their primary focus is on offering community education, training, and recreational and athletic programs, catering to students of the Arrowhead School District and the general public. The organization provides a variety of athletic instruction, training opportunities, and community-focused skating events, including hockey, figure skating competitions, and broomball, among others. The ice center is utilized by various hockey leagues, figure skating groups, school groups, scout groups, camps, local clubs, other nonprofit organizations, and the general public. Hgm Ice Inc's mission is to encourage participation in ice skating and hockey, promote health and fitness, and support individual character development through providing ice skating and hockey facilities and programming to the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Zero-Star out of Four Star rating
Hgm Ice Inc has received a zero-star rating from Charity Navigator, indicating significant concerns regarding its overall accountability and financial practices. The organization scored only 46% in its overall evaluation, with its financial statements being notably absent, which severely impacts transparency and trustworthiness.
Despite having a fully independent board, with 100% independent members and compliance with conflict of interest policies, the lack of essential financial documentation raises red flags. The organization has also failed to provide a website listed on its tax form and does not have a whistleblower policy, further highlighting gaps in operational governance and transparency.
While Hgm Ice Inc does maintain a low liabilities to assets ratio, suggesting some level of financial stability, the incongruence in program expense ratios—only 50.36%—indicates that more than half of its expenses may not be directed towards its programs. Overall, the significant deficiencies in accountability and financial reporting overshadow its strengths, warranting caution from potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Hgm Ice Inc legitimate?
Hgm Ice Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hgm Ice 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: $248,940
For more financial information, click here
What is the mission statement of Hgm Ice Inc?
Hgm Ice Inc's mission is centered around encouraging community participation in ice skating and hockey, promoting health and fitness, and supporting character development. They achieve this by providing a range of facilities and programs for both students from Arrowhead School District and the wider public. The organization offers various athletic instruction and training opportunities, including hockey, figure skating competitions, and other community-focused skating events. Their offerings extend to broomball, curling, and other activities. The ice center serves as a venue for youth and adult hockey leagues, figure skating groups, school groups, scouting groups, camps, local clubs, non-profit organizations, and the general public.
Who is the CEO of Hgm Ice Inc?
Mark Umhoefer is the President, Director of Hgm Ice Inc.
What is the revenue of Hgm Ice Inc?
Hgm Ice Inc's revenue in 2022 was $826,056.
Who are the executives of Hgm Ice Inc and what are their salaries?
The average compensation at Hgm Ice Inc during 2022 was $4,697. There are 53 employees at Hgm Ice Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $81,842
- Related: $0
- Other: $0
Where can I find the form 990 for Hgm Ice Inc?
Hgm Ice Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hgm Ice Inc
Hgm Ice Inc, a nonprofit organization, is dedicated to encouraging participation in ice skating and hockey, promoting health and fitness, and supporting character development. By providing ice skating and hockey facilities and programming to the community, the organization aims to foster individual growth and development. Through community education, training, and recreational and athletic programs, Hgm Ice Inc serves students from the Arrowhead School District and the general public. The organization offers a variety of athletic instruction and training opportunities, including hockey, figure skating competitions, and other community-focused skating events. Hgm Ice Inc utilizes its ice center for youth and adult hockey leagues, figure skating groups, school groups, scout troops, local clubs, other nonprofit organizations, and the public at large. The organization's offerings extend beyond ice sports, with programs in broomball, curling, and other activities, thereby catering to a diverse range of interests and abilities.
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Impact
July, 2024
Hgm Ice Inc's impact includes encouraging participation in ice skating and hockey, promoting health and fitness, and supporting individual character development within the Menomonee Falls community in Wisconsin. By providing skate and hockey facilities and programming, the organization offers a range of athletic instruction, training opportunities, competitions, and community-focused events. Through activities such as hockey, skating, broomball, and curling, Hgm Ice Inc serves diverse groups such as youth and adult leagues, figure skating groups, schools, scouts, camps, clubs, and the general public. This contributes to the overall well-being and recreational options available to the community, fostering a sense of camaraderie and physical wellness among participants.
This information is meant to be a general summary of Hgm Ice 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: $8
- Program Service Revenue: $544,242
- Gross Receipts: $826,056
Assets and Liabilities:
- Total Assets: $456,350
- Total Liabilities: $71,755
- Net Assets: $384,595
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SCHOOL FEES
Revenue
$284,398
PUBLIC SKATING
Revenue
$110,737
CAMPS AND INSTRUCTION
Revenue
$89,658
YOUTH PROGRAMS
Revenue
$47,182
SKATE RENTAL/SHARPENIN
Revenue
$12,267
Organization Details
Founding Year
2019
Phone
(262) 532-1002Principal Officer
Mark Umhoefer
Main Address
W142N9101 FOUNTAIN BOULEVARD, MENOMONEE FALLS, WI, 53051
NTEE Category
Code: N30 - Recreation
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