Capitol Skating Fund Inc
Nonprofit profile at a glance
- EIN
- 521740726
- IRS 990 coverage
- 2020–2020
- Forms available
- Form 990 2020
- Location
- Bethesda, MD, USA
- Phone
- 3014935133
- Rating
- 46
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Winter Sports
Reported finances
- Revenue
- $13,110
- Expenses
- $18,720
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- William Howard (President)
- Konrad Huppi (Vice President)
People named in this filing
- William Howard (President)
- Konrad Huppi (Vice President)
- Barbara Shaw (Treasurer)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Fund's mission is to promote and support the sport of figure skating by encouraging participation and interest in figure skating; presenting events such as competitions and seminars; helping individuals & teams achieve greater success in figure skating through grants for training and skating-related expenses; and providing support to organizations that offer skating-related services to the community.
What it reported doing in 2020
The Fund established the Michael Hughes trophy to be awarded to the winner of the US Figure Skating South Atlantic Regional Juvenile Girls Competition in memory of a former director. His wife is a skating coach and Mr. Hughes was an ardent supporter of competitors from the Washington, DC metropolitan area. Mr. Hughes was Vice President of the Capitol Skating Fund prior to his death.
Operating model
- Revenue model
- Investment-supported. 100% of the money available for current operations came from recurring investment income.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 10
- Transparency & Controls: 90
- Accountability: 70
- Sustainability: 24
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 12.2%; rating input score 12
- Program expense ratio: 8.6%; rating input score 9
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -42.8%; rating input score 34; 34th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 61; 61st percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 12.2% of revenue deployed · 8.6% of spending went to programs
- Governance: 12 of 12 board members independent · 2 of 7 filing controls reported
- Programs: 2 filed program accomplishments · $2K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 41 of 41 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 12/100.
- High — Financial Efficiency: Program expense ratio scored 9/100.
- High — Accountability: Governance controls: 4 of 6 not reported.
- Moderate — Sustainability: Operating margin scored 34/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.