Let's Skate EIN 82-3310395 Form 990 (PDF) Claim this org

Let's Skate

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Builds community and empowers youth through skateboarding programs. For fiscal year 2025 it reported $27K in revenue, $15K in expenses, and $37K in net assets.Pt I

Founded
2017
Type
Public charity (501(c)(3)) · Recreation & Sports
Location
Sioux Falls, SD
Website
www.lets-skate.com
Filings
5 on file (2021–2025)
Revenue
$27KFY2025
Expenses
$15K
Net assets
$37K
People
11
Filings
5
Updates
0
More identity details & actions ⌄
EIN  82-3310395 Public charity (501(c)(3)) Sioux Falls, SD Founded 2017
Form 990 (PDF)
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Size
<$100K
What they do
Builds community and empowers youth through skateboarding programs.
Leadership
Andy Howes · President
Money in and out
$27K revenue, $15K expenses
Bottom line
49% program efficiency
Where the money goes · FY2025
Total revenue
$27K
Pt VIII · Ln 12
Total expenses
$15K
Pt IX · Ln 25
Net assets
$37K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $12K
Where spending went · Part IX cols B–D
Program services $0.49 Management & general $0.51
Program efficiency
49%
of spending reaches programs▼ -51% vs prior filing year
Operating runway
29.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+45%
revenue over expenses, this year▲ +114% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$27K
FY2025▼ -93%
Expenses
$15K
FY2025▼ -99%
Total assets
$40K
FY2025▼ -30%
Total liabilities
$3K
FY2025▼ -90%
Total revenue
$27K
Pt VIII · Ln 12
Total expenses
$15K
Pt IX · Ln 25
Net assets
$37K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$12K
Total assetsPt X · Ln 16$40K
Program-expense ratioPt IX · col B49%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

1 program service account for $7K of program spending, described in the organization's own filed words · FY2025.
01

Skatedeck Art Show

Annual art show to benefit let's skate. In 2025, the weekend long show had participants of all artistry and skill level creating an original piece of artwork with a skate deck. The event served as a continued opportunity to share the art and culture of skateboarding.

$7Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLet's Skate
EINHdr · item D82-3310395
Principal addressHdr · item CSioux Falls, SD
WebsiteHdr · item Jwww.lets-skate.com
Year of formationHdr · item L2017
State of legal domicileHdr · item MSD
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFRecreation & Sports (N30)
Ruling yearIRS BMFJan 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Walter Portz’s $47K as Executive Director (until July) is at the 94th percentile of top reported officer pay among 97 <$100K recreation & sports nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2023FY2022FY2021
Walter Portz$46,667$35,000
Alix Johnson - Asst Director$34,299
Alix Johnson$18,933$4,800

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants100%$27K
Investment income$115
Total revenueLn 12$27K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.49 Management & general $0.51
Program services49%$7K
Management & general51%$8K
Total functional expensesLn 25$15K

Balance Sheet

Part X · end of year
CashLn 1$36K
Total assetsLn 16$40K
Total liabilitiesLn 26$3K
Total net assetsLn 32$37K
Months of cash on handcomputed29.1

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $36K · Operating expenses/yr $15K
29.1 months
Where the money goes
Program services
Program services $7K · Total expenses $15K
49%
Management & General
Management & general $8K · Total expenses $15K
51%
Fundraising
Fundraising $0 · Total expenses $15K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $4K · Solicited contributions (3-yr avg) $291K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $27K · Total revenue $27K
100%
Government reliance
Government grants — · Total revenue $27K
Earned-income share
Program service revenue $0 · Total revenue $27K
0%
Investment reliance
Investment income $115 · Total revenue $27K
+0.4%
Program self-sufficiency
Program service revenue $0 · Total expenses $15K
0%
Growth & trend
Revenue growth (YoY)
This year $27K · Prior year $416K
-93%
Revenue CAGR
FY2021 $499K · FY2025 $27K
-52%
Net-asset trend (YoY)
End of year $37K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $27K · Expenses $15K
+45%
Liabilities-to-Assets
Total liabilities — · Total assets $40K
Net-asset ratio
Net assets $37K · Total assets $40K
92%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $40K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Andy Howes · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $15K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $15K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 49%
Overhead ratio 51%
Revenue growth -93%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$96K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$27K revenue · viewing · ⤓ 990 PDF
FY2024$416K revenue · ⤓ 990 PDF
FY2023$445K revenue · ⤓ 990 PDF
FY2022$852K revenue · ⤓ 990 PDF
FY2021$499K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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