Civic Intelligence

Chesapeake Synchronized Skating Inc.

990EZ • Fiscal year 2015 • EIN 90-0880139

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 14, 2016

11211 Five Springs RoadLutherville, MD 21093

(301) 233-0645

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

74th percentile

0.07x

Higher debt load relative to assets than 74% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

69th percentile

0.02x

Higher debt load relative to revenue than 69% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

23rd percentile

-10%

Higher net margin than 23% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

18th percentile

-24%

Faster asset growth than 18% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

67th percentile

14%

Faster revenue growth than 67% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Down

$28,531

Down $8,848 (-24%) from 2014

Net Assets

Down

$26,611

Down $9,460 (-26%) from 2014

Liabilities

Up

$1,920

Up $612 (+47%) from 2014

Revenue

Up

$92,807

Up $11,315 (+14%) from 2014

Expenses

Up

$102,267

Up $21,468 (+27%) from 2014

Net Income

Down

-$9,460

Down $10,153 (-1465%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100K$50K$0Assets 2013: $36,877Liabilities 2013: $1,4992013Assets 2014: $37,379Liabilities 2014: $1,308Net Assets 2014: $36,0712014Assets 2015: $28,531Liabilities 2015: $1,920Net Assets 2015: $26,6112015Assets 2016: $19,344Liabilities 2016: $2,630Net Assets 2016: $16,7142016Assets 2017: $73,020Liabilities 2017: $10,059Net Assets 2017: $62,9612017Assets 2018: $97,999Liabilities 2018: $20,069Net Assets 2018: $77,9302018Assets 2019: $91,804Liabilities 2019: $18,732Net Assets 2019: $73,0722019Assets 2020: $80,352Liabilities 2020: $4,622Net Assets 2020: $75,7302020Assets 2021: $82,944Liabilities 2021: $4,622Net Assets 2021: $78,3222021Assets 2022: $82,356Liabilities 2022: $8,522Net Assets 2022: $73,8342022Assets 2023: $97,127Liabilities 2023: $02023

Highlighted filing

2015

Assets$28,531
Liabilities$1,920
Net Assets$26,611

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200K$100K$0-$100KRevenue 2013: $108,387Expenses 2013: $90,186Net Income 2013: $18,2012013Revenue 2014: $81,492Expenses 2014: $80,799Net Income 2014: $6932014Revenue 2015: $92,807Expenses 2015: $102,267Net Income 2015: -$9,4602015Revenue 2016: $118,344Expenses 2016: $128,241Net Income 2016: -$9,8972016Revenue 2017: $154,843Expenses 2017: $196,378Net Income 2017: -$41,5352017Revenue 2018: $186,172Expenses 2018: $171,203Net Income 2018: $14,9692018Revenue 2019: $142,137Expenses 2019: $146,995Net Income 2019: -$4,8582019Revenue 2020: $78,116Expenses 2020: $75,458Net Income 2020: $2,6582020Revenue 2021: $37,985Expenses 2021: $35,393Net Income 2021: $2,5922021Revenue 2022: $65,576Expenses 2022: $70,064Net Income 2022: -$4,4882022Revenue 2023: $105,509Expenses 2023: $82,216Net Income 2023: $23,2932023

Highlighted filing

2015

Revenue$92,807
Expenses$102,267
Net Income-$9,460
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 14, 2016
Return Version
2015v2.1
Gross Receipts
$100,195
Mission and Program Overview

Mission

Coordinate, promote, teach and support amateur synchronized skating. The corporation has been organized to exist as a member of us figure skating, and therefore seeks to assist in carrying out the objects and purposes of us figure skating in accordance with the provisions of the us figure skating bylaws and official rules. The corporation shall maintain its membership in us figure skating and conduct its affairs in a manner consistent with the bylaws, official rules, policies and procedures of us figure skating.

Program Services

DescriptionGrantsExpenses
CHESAPEAKE SYNCHRONIZED SKATING, INC. IS AN ORGANIZATION THAT EVALUATES INDIVIDUAL SKATERS BASED ON THEIR AGE AND SKILL LEVEL AND PLACES THEM ON A TEAM OF SIMILAR ATHLETES TO LEARN THE ART AND SPORT OF SYNCHRONIZED SKATING. CHESAPEAKE SYNCHRO CURRENTLY FIELDS FIVE TEAMS: CHESAPEAKE SAILORS, CHESAPEAKE SKIPJACKS, CHESAPEAKE TOPSAILS, CHESAPEAKE FIRSTMATES BLUE, AND CHESAPEAKE FIRSTMATES WHITE.$0$98,926
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
LISA KIRKLANDPresident-$0--
KIM DEROCHERTreasurer-$0--
PAM NEIDIGSecretary-$0--
DEBBIE YOUNGVice President-$0--
LAUREN NEIDIGDirector-$0--
JEN CROSSONDirector-$0--
KANAN SHAHDirector-$0--
MATT NEIDIGDirector-$0--
Filing and Contact Details

Filer

Filer Name
Chesapeake Synchronized Skating Inc
EIN
90-0880139
Phone
3012330645
Address
11211 FIVE SPRINGS ROAD, LUTHERVILLE, MD 21093

Signing Officer

Name
Kim Derocher
Title
Treasurer
Phone
3012330645
Signed
2016-11-14
Discuss with paid preparer
Yes

Preparer

Firm
Katz & Associates Pa
Address
1777 REISTERSTOWN ROAD, BALTIMORE, MD 21208-1393
Preparer
David I Katz
Phone
4106022266
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 7 - Sales of Inventory

Income: gross receipts: 2,858. Returns and allowances: 0. Less cost of goods sold: 4,656. Gross profit: -1,798. Cost of goods sold: inventory at beginning of year: 0. Merchandise purchased: 4,656. Cost of labor: 0. Materials and supplies: 0. Other costs: 0. Inventory at end of year: 0. Cost of goods sold: 4,656.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: advertising and promotion. Amount: 41. Description: bank service charges. Amount: 102. Description: competition costs. Amount: 8,889. Description: competition and practice dresses. Amount: 10,921. Description: hair and make-up cost. Amount: 1,004. Description: sundry administrative costs. Amount: 11,018. Description: team registration fees. Amount: 392. Description: travel expense. Amount: 6,585. Description: insurance. Amount: 1,491. Description: technology. Amount: 1,045. Total to form 990-ez, line 16: 41,488.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: prepayments. Beg. Of year amount: 1,308. End of year amount: 0. Description: rebate payable. Beg. Of year amount: 0. End of year amount: 1,920.

Raw XML Appendix187 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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IRS990EZ/PrimaryExemptPurposeTxt0COORDINATE, PROMOTE, TEACH AND SUPPORT AMATEUR SYNCHRONIZED SKATING. THE CORPORATION HAS BEEN ORGANIZED TO EXIST AS A MEMBER OF US FIGURE SKATING, AND THEREFORE SEEKS TO ASSIST IN CARRYING OUT THE OBJECTS AND PURPOSES OF US FIGURE SKATING IN ACCORDANCE WITH THE PROVISIONS OF THE US FIGURE SKATING BYLAWS AND OFFICIAL RULES. THE CORPORATION SHALL MAINTAIN ITS MEMBERSHIP IN US FIGURE SKATING AND CONDUCT ITS AFFAIRS IN A MANNER CONSISTENT WITH THE BYLAWS, OFFICIAL RULES, POLICIES AND PROCEDURES OF US FIGURE SKATING.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0INCOME: GROSS RECEIPTS: 2,858. RETURNS AND ALLOWANCES: 0. LESS COST OF GOODS SOLD: 4,656. GROSS PROFIT: -1,798. COST OF GOODS SOLD: INVENTORY AT BEGINNING OF YEAR: 0. MERCHANDISE PURCHASED: 4,656. COST OF LABOR: 0. MATERIALS AND SUPPLIES: 0. OTHER COSTS: 0. INVENTORY AT END OF YEAR: 0. COST OF GOODS SOLD: 4,656.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: ADVERTISING AND PROMOTION. AMOUNT: 41. DESCRIPTION: BANK SERVICE CHARGES. AMOUNT: 102. DESCRIPTION: COMPETITION COSTS. AMOUNT: 8,889. DESCRIPTION: COMPETITION AND PRACTICE DRESSES. AMOUNT: 10,921. DESCRIPTION: HAIR AND MAKE-UP COST. AMOUNT: 1,004. DESCRIPTION: SUNDRY ADMINISTRATIVE COSTS. AMOUNT: 11,018. DESCRIPTION: TEAM REGISTRATION FEES. AMOUNT: 392. DESCRIPTION: TRAVEL EXPENSE. AMOUNT: 6,585. DESCRIPTION: INSURANCE. AMOUNT: 1,491. DESCRIPTION: TECHNOLOGY. AMOUNT: 1,045. TOTAL TO FORM 990-EZ, LINE 16: 41,488.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: PREPAYMENTS. BEG. OF YEAR AMOUNT: 1,308. END OF YEAR AMOUNT: 0. DESCRIPTION: REBATE PAYABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 1,920.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 7 - SALES OF INVENTORY
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
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ReturnHeader/ReturnTs02016-11-15T08:47:50-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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