Eden Prairie Figure Skating Club

“The organization, tax-exempt under Sec. 501(c)(3) and organized under Minnesota State Law as a non-profit corporation, operates with a board of directors who, pursuant to a provision of the organizations bylaws, individually have the right to participate in the organizations governance. Board members elect the members of the governing body and approve significant decisions of the organization.”

“Organization Members hold an election each year to elect Board members”

“The organization, tax-exempt under Sec. 501(c)(3) and organized under Minnesota State Law as a non-profit corporation, operates with a board of directors who, pursuant to a provision of the organizations bylaws, individually have the right to participate in the organizations governance. Board members elect the members of the governing body and approve significant decisions of the organization.”

“The Club Treasurer e-mails a copy of the final version of the Form 990 to each board member before it filed. The return is reviewed in a board meeting; once approved, the return is signed and filed.”

“The organization maintains a written conflict of interest policy that applies to all directors, officers, committee members, and other individuals with substantial influence. The policy was adopted by the board. It requires annual written disclosure of interests, as well as ongoing disclosure if conflicts arise during the year. Individuals with a conflict must recuse themselves from related discussions and decisions. The board administers the policy, documents actions taken in the minutes, and enforces compliance.”

“Certain board members also serve as coaches for the organization. Their board service is voluntary and uncompensated. These individuals receive compensation solely for coaching and instructional services they provide, which are separate and distinct from their governance roles. Additionally, one board member serves as the organizations Head Coach and is compensated only for those coaching responsibilities. The organization uses consistent compensation benchmarks and an established review process to determine compensation for coaching roles, including the Head Coach position. This process is separate from board governance. No board members are paid for their board service, and no compensation is provided for their roles as directors.”

“All governing documents are available on the organizations website and upon request. Financial Statements and 990 return are available at Board meetings and upon request.”

“Section A, Line 6 The Eden Prairie Figure Skating Club has 70 members (Home Club, First Year, Associate, Collegiate and Adult). Section A, Line 8b - There are no committees authorized to act on behalf of the Board.”

“Form 990, Part XI, Line 9 - Fall member Ice Contract revenue is recognized late August for the following fiscal year which is not reported on the current return filing as this revenue corresponds to the following school year. $7125, the book to tax adjustment reflects this revenue earned after 8-14-2025. $70690 reflects balance sheet assets as of 8-31-2025. $70690 is total Liabilities and Equity on the balance sheet as of 8-14-2025, fiscal year-end.”

“Banquet and social events: 3333 Ice show expenses: 31637 Misc and gifts: 237”

“Line 9 - The change in assets reflects a timing change when Member Ice Contract revenue is recognized for financial reporting purposes. Fall member Ice Contract revenue is recognized after August 15 for the following fiscal year. This revenue is not reported on the current return filing as this revenue corresponds to the following school year. $1585, the book to tax adjustment reflects this revenue earned after 8-14-2025. $70690 reflects balance sheet assets as of 8-31-2025. $54877 is total Liabilities and Equity on the balance sheet as of 8-14-2025, fiscal year-end.”