Civic Intelligence

Lake Minnetonka Figure Skating Club

EIN 41-1454126 • 501(c)3 • Minnetonka, MN

Profile

To promote the sport of figure skating

3401 Williston RdMinnetonka, MN 55345-1515
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

65th percentile

11%

Higher net margin than 65% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

72nd percentile

14%

Faster asset growth than 72% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

87th percentile

62%

Faster revenue growth than 87% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$261,717

Up $32,678 (+14%) from 2022

Liabilities

Flat

$0

Flat from 2022

Net Assets

Up

$261,717

Up $32,678 (+14%) from 2022

Operations
Liabilities / Revenue62nd percentileNet Margin65th percentile

Revenue

Up

$288,535

Up $109,953 (+62%) from 2022

Expenses

Up

$255,857

Up $75,264 (+42%) from 2022

Net Income

Up

$32,678

Up $34,689 (+1725%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth72nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2011: $116,726Liabilities 2011: $0Net Assets 2011: $116,7262011Assets 2012: $134,454Liabilities 2012: $0Net Assets 2012: $134,4542012Assets 2013: $149,386Liabilities 2013: $0Net Assets 2013: $149,3862013Assets 2014: $166,001Liabilities 2014: $0Net Assets 2014: $166,0012014Assets 2015: $183,354Liabilities 2015: $0Net Assets 2015: $183,3542015Assets 2016: $238,085Liabilities 2016: $0Net Assets 2016: $238,0852016Assets 2017: $208,936Liabilities 2017: $0Net Assets 2017: $208,9362017Assets 2018: $199,703Liabilities 2018: $0Net Assets 2018: $199,7032018Assets 2019: $195,124Liabilities 2019: $0Net Assets 2019: $195,1242019Assets 2020: $158,990Liabilities 2020: $0Net Assets 2020: $158,9902020Assets 2021: $230,549Liabilities 2021: $0Net Assets 2021: $230,5492021Assets 2022: $229,039Liabilities 2022: $0Net Assets 2022: $229,0392022Assets 2023: $261,717Liabilities 2023: $0Net Assets 2023: $261,7172023

Highlighted filing

2023

Assets$261,717
Liabilities$0
Net Assets$261,717
Open 2023 Filing

Operations Trend

Revenue Growth87th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$300K$200K$100K$0-$100KRevenue 2011: $316,973Expenses 2011: $283,746Net Income 2011: $33,2272011Revenue 2012: $273,109Expenses 2012: $278,672Net Income 2012: -$5,5632012Revenue 2013: $234,020Expenses 2013: $219,087Net Income 2013: $14,9332013Revenue 2014: $205,029Expenses 2014: $188,414Net Income 2014: $16,6152014Revenue 2015: $243,095Expenses 2015: $225,742Net Income 2015: $17,3532015Revenue 2016: $266,925Expenses 2016: $212,194Net Income 2016: $54,7312016Revenue 2017: $215,177Expenses 2017: $203,993Net Income 2017: $11,1842017Revenue 2018: $193,957Expenses 2018: $218,707Net Income 2018: -$24,7502018Revenue 2019: $169,279Expenses 2019: $173,839Net Income 2019: -$4,5602019Revenue 2020: $179,228Expenses 2020: $215,947Net Income 2020: -$36,7192020Revenue 2021: $194,992Expenses 2021: $123,221Net Income 2021: $71,7712021Revenue 2022: $178,582Expenses 2022: $180,593Net Income 2022: -$2,0112022Revenue 2023: $288,535Expenses 2023: $255,857Net Income 2023: $32,6782023

Highlighted filing

2023

Revenue$288,535
Expenses$255,857
Net Income$32,678
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$261,717
Liabilities
$0
Net assets
$261,717
Revenue
$288,535
Expenses
$255,857
Net income
$32,678
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$2.62$0.00$2.62$2.89$2.56$0.33
2022Detailed filing. Detailed filing data is available for this year.$2.29$0.00$2.29$1.79$1.81$0.02
2021Detailed filing. Detailed filing data is available for this year.$2.31$0.00$2.31$1.95$1.23$0.72
2020Detailed filing. Detailed filing data is available for this year.$1.59$0.00$1.59$1.79$2.16$0.37
2019Detailed filing. Detailed filing data is available for this year.$1.95$0.00$1.95$1.69$1.74$0.05
2018Detailed filing. Detailed filing data is available for this year.$2.00$0.00$2.00$1.94$2.19$0.25
2017Detailed filing. Detailed filing data is available for this year.$2.09$0.00$2.09$2.15$2.04$0.11
2016Detailed filing. Detailed filing data is available for this year.$2.38$0.00$2.38$2.67$2.12$0.55
2015Detailed filing. Detailed filing data is available for this year.$1.83$0.00$1.83$2.43$2.26$0.17
2014Detailed filing. Detailed filing data is available for this year.$1.66$0.00$1.66$2.05$1.88$0.17
2013Summary only. Only limited summary data is available for this year.$1.49$0.00$1.49$2.34$2.19$0.15
2012Summary only. Only limited summary data is available for this year.$1.34$0.00$1.34$2.73$2.79$0.06
2011Summary only. Only limited summary data is available for this year.$1.17$0.00$1.17$3.17$2.84$0.33
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Jan 24, 2024
Return Version
2022v5.0
Gross Receipts
$288,535
Mission and Program Overview

Mission

To promote the sport of figure skating

Promote the sport of figure skating

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$229,039$261,717▲ $32,678
Rtn Earn Endowment Incm Other Fnds$229,039$261,717▲ $32,678
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$229,039$261,717▲ $32,678
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$229,039$261,717▲ $32,678
Total Liabilities and Net Assets / Fund Balance$229,039$261,717▲ $32,678
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Heather StangEvents Chair
Libby LeavenworthIce Chair
Laurel EricksonMembership Chair
Bob YundVolunteer Chair
Debbie GoldenbergPresident
Courtney LarocheVice President
Ann McnielCommunications
Karen WilcomSecretary
Holly WintersTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$49,513
Program Service Revenue
$238,896
Investment Income
$126
Other Revenue
$0
All Other Contributions
$9,103
Change in Net Assets
$32,678
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$255,857
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$118,218$0$0$118,218
Other Expenses$40,964$0$0$40,964
Fees for Services Accounting$0$600$0$600
Insurance$0$600$0$600
Advertising$0$177$0$177
Total Functional Expenses$254,480$1,377$0$255,857
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Concessions$19,174$19,174$0$19,174
Event 2$0$0$0$0
Total Events$19,174$19,174$0$19,174
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Line 6

“All officers are unpaid volunteers”

Part VI, Line 7A

“Officers elect and approve members of the governing body”

Part VI, Line 11B

“Treasurer reviews the completed 990 and all board members are asked if they would like to review the 990 before it is filed”

Part VI, Line 19

“The 990 form is available for public inspection upon request”

Filing and Contact Details

Filer

Filer Name
Lake Minnetonka Figure Skating Club
EIN
41-1454126
In Care Of
% Debbie Goldenberg
Phone
9525645914
Address
3401 WILLISTON RD, MINNETONKA, MN 55345-1515

Signing Officer

Name
Holly Winters
Title
Treasurer
Signed
2024-01-24
Discuss with paid preparer
Yes

Organization Details

Formed
1976
Legal Domicile
Mn
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
90

Preparer

Firm
Mission In Balance
Address
1569 East River Terrace, Minneapolis, MN 55414
Preparer
Christie Jansen Jansen
Supplemental Narrative

Additional Explanations

Part I Line 17

“| Explanation:| General Other expenses 38,671”

Part I Line 17

“| Explanation:| Syncro Competition Fees and Apparel 30,479”

Part I Line 17

“| Explanation:| Syncro Travel Team 33,262”

Part I Line 17

“| Explanation:| Syncro Other expenses 15,806”

Raw XML AppendixShowing 400 of 749 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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