Team Image Synchronized Skating Teams Ltd FY2021 filing

Tax-deductible

New Rochelle, NY501(c)(3)Recreation & SportsEIN 26-4722637Revenue $1.3M in FY2021

On file with the IRSPo Box 548, 10802-0548 · New Rochelle, NYTax-exempt since Sep 2011Publicly supported — 509(a)(2)

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Promotion of figure Skating, in all its branches, as well as such other sports and amusements as may serve the interests of the members and in achieving this end, shall

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $146K a year · 11% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 8.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $134
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
Spent
$739K
To programs
100%
Net assets
$494K
By yearFY2021–FY2024
Revenue
$1.3M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$1.3M
FY2022$1.2M
FY2023$1.3M
FY2024$1.5M
Expenses
$739K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$739K
FY2022$1.1M
FY2023$1.3M
FY2024$1.6M
Net assets
$494K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$494K
FY2022$704K
FY2023$734K
FY2024$662K

From the FY2021 Form 990 (year ending March 2021) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2011.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $739K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Team Image Synchronized Skating Teams Ltd executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes figure skating and other sports for member enjoyment and development.

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Provided by the organization

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1 program · $739K · in their own filed words · FY2020
01

Promotion of figure shating, in all its branches, as well as such other sports and amusements as may serve the interests of the members and in achieving this end, shall:

$739Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$134

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.3M
Ln 12
Fees for servicesLn 2g$1.3M
Gifts and grantsLn 1h$3K
Money outPt IX
$739K
Ln 25
Programscol B$739K
Owns and owesPt X
$494K
net assets · Ln 32
Cash and savingsLn 1–2$494K
Total assetsLn 16$494K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3K
Fees for servicesLn 2g$1.3M
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$494K
Cash and savings togetherLn 1–2$494K
Total assetsLn 16$494K
LiabilitiesLn 26$0
Net assetsLn 32$494K
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$34K$494K
Total assetsLn 16$34K$494K
LiabilitiesLn 26$0$0
Net assetsLn 32$34K$494K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$4K$4K$0$0
Accounting feesLn 11c$1K$1K$0$0
Other expenses (24a–d)Ln 24$726K$726K$0$0
All other expensesLn 24e$8K$8K$0$0
Total functional expensesLn 25$739K$739K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.5M$1.6M−$72K$662K 990 PDF
FY2023 $1.3M$1.3M$30K$734K 990 PDF
FY2022 $1.2M$1.1M$67K$704K 990 PDF
FY2021 Viewing $1.3M$739K$558K$494K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $1,297,610 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $77,336$2,652
I-9 Program service revenuePrior year $914,105$1,294,958
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $991,441$1,297,610
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,038,227$739,379
I-18 Total expensesPrior year $1,038,227$739,379
I-19 Revenue less expensesPrior year −$46,786$558,231
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $1,297,610 across 4 lines filed
VIII-1f All other contributions, gifts and grants$2,652
VIII-1h Total contributions, gifts and grants$2,652
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$1,294,958
VIII-12 Total revenueRelated to mission $1,294,958 · Unrelated business $0 · Excluded from tax $0$1,297,610
Part IX · Statement of functional expenses $739,379 across 4 lines filed
IX-11b Legal feesPrograms $3,569 · Management $0 · Fundraising $0$3,569
IX-11c Accounting feesPrograms $1,475 · Management $0 · Fundraising $0$1,475
IX-24 Other expenses (24a–d)Programs $726,007 · Management $0 · Fundraising $0$726,007
IX-24e All other expensesPrograms $8,328 · Management $0 · Fundraising $0$8,328
IX-25 Total functional expensesPrograms $739,379 · Management $0 · Fundraising $0$739,379
Part X · Balance sheet $494,320 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $33,556$494,320
X-16 Total assetsStart of year $33,556$494,320
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $33,556$494,320
X-33 Total liabilities and net assetsStart of year $33,556$494,320
Part XI · Reconciliation of net assets $494,320 net assets at year end
XI-1 Total revenue$1,297,610
XI-2 Total expenses$739,379
XI-3 Revenue less expenses$558,231
XI-4 Net assets at start of year$33,556
XI-10 Net assets at end of year$494,320

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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