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Bolduc Park Association FY2024 filing

Tax-deductible

Gilford, NH501(c)(3)Recreation & SportsEIN 02-0475974Revenue $122K in FY2024

On file with the IRSbolducpark.comPo Box 7273, 03247-7273 · Gilford, NHTax-exempt since Jul 1996Publicly supported — 509(a)(2)

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Free community recreation

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $85K a year · 54% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
18 mo
of spending, in cash
Looks good: 18.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$673
0.05% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$122K
+25% vs prior year
Spent
$80K
To programs
89%
Net assets
$1.3M
By yearFY2020–FY2025
Revenue
$122K
FY2024▲ +25%
Tap a bar for its year
Revenue by fiscal year
FY2020$112K
FY2021$131K
FY2022$265K
FY2023$98K
FY2024$122K
FY2025$219K
Expenses
$80K
FY2024▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2020$49K
FY2021$87K
FY2022$64K
FY2023$69K
FY2024$80K
FY2025$88K
Net assets
$1.3M
FY2024▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$643K
FY2021$687K
FY2022$1.0M
FY2023$1.1M
FY2024$1.3M
FY2025$1.4M

From the FY2024 Form 990 · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1996.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $70K Management & general 11% · $9K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
Marc Poulin
President
$0Pt VII · Sec A
Judi Phelps
Treasurer
$0Pt VII · Sec A
Ray Bole
Secretary
$0Pt VII · Sec A
Bob Kay
Director
$0Pt VII · Sec A
Barbara Ness
Director
$0Pt VII · Sec A
Greg Lemay
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Cyndy Foster
Director
$0Pt VII · Sec A
See Bolduc Park Association 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

Bolduc Park Association is a recreation and sports nonprofit based in Gilford, NH.

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Provided by the organization

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1 program · $70K · in their own filed words · FY2024
01

Provide a golf, disk golf, and a cross country skiing facility for the free use of the public, on a donation basis. Over 10,000 rounds of golf are played annually and the use of the golf course and ski trails are provided for free to local high school teams.

$70Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$122K
Ln 12
Gifts and grantsLn 1h$64K
Investment incomeLn 3$26K
Other incomeLn 4–11$25K
Money outPt IX
$80K
Ln 25
Programscol B$70K
Managementcol C$9K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$120K
Total assetsLn 16$1.3M
LiabilitiesLn 26$673
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$64K
Fundraising eventsLn 1c$1K
Fees for servicesLn 2g$8K
Investment incomeLn 3$26K
Other incomeLn 4–11$25K
Gains on assetsLn 7$2K
Total revenueLn 12$122K
Assets in detailPt X, end of year
CashLn 1$75
SavingsLn 2$120K
Cash and savings togetherLn 1–2$120K
InvestmentsLn 11–13$931K
Land, buildings, equipmentLn 10c$215K
Total assetsLn 16$1.3M
LiabilitiesLn 26$673
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 640
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$96K$120K
InvestmentsLn 11–13$820K$931K
Land, buildings, equipmentLn 10c$218K$215K
Total assetsLn 16$1.1M$1.3M
LiabilitiesLn 26$210$673
Net assetsLn 32$1.1M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$8K$4K$4K
Accounting feesLn 11c$863$431$432
Investment management feesLn 11f$2K$2K
Advertising and promotionLn 12$842$842
Office expensesLn 13$4K$4K
OccupancyLn 16$20K$20K
Conferences, conventions and meetingsLn 19$632$632
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$29K$28K$1K
All other expensesLn 24e$1K$540$758
Total functional expensesLn 25$80K$70K$9K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $219K$88K$130K$1.4M 990 PDF
FY2024 Viewing $122K$80K$43K$1.3M 990 PDF
FY2023 $98K$69K$29K$1.1M 990 PDF
FY2022 $265K$64K$201K$1.0M 990 PDF
FY2021 $131K$87K$44K$687K 990 PDF
FY2020 $112K$49K$63K$643K 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 FY2024 990 (6 parts)
Part I · Summary $122,056 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $64,033$64,137
I-9 Program service revenuePrior year $8,809$7,618
I-10 Investment incomePrior year −$2,325$25,616
I-11 Other revenuePrior year $27,469$24,685
I-12 Total revenuePrior year $97,986$122,056
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 $68,901$79,501
I-18 Total expensesPrior year $68,901$79,501
I-19 Revenue less expensesPrior year $29,085$42,555
Part VI · Governance 8 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $122,056 across 11 lines filed
Lines not itemized here account for $5,854 of total revenue; see the IRS return.
VIII-1b Membership dues$230
VIII-1c Fundraising events$1,000
VIII-1f All other contributions, gifts and grants$62,907
VIII-1h Total contributions, gifts and grants$64,137
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,618$7,618
VIII-3 Investment incomeExcluded from tax $23,560$23,560
VIII-6 Net rental income or lossExcluded from tax $10,375$10,375
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,056$2,056
VIII-8 Net income from fundraising eventsExcluded from tax $7,093$7,093
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $797 · Excluded from tax $566$1,363
VIII-12 Total revenueRelated to mission $8,500 · Excluded from tax $49,419$122,056
Part IX · Statement of functional expenses $79,501 across 11 lines filed
IX-11b Legal feesPrograms $3,959 · Management $3,959$7,918
IX-11c Accounting feesPrograms $431 · Management $432$863
IX-11f Investment management feesManagement $2,204$2,204
IX-12 Advertising and promotionPrograms $842$842
IX-13 Office expensesPrograms $4,285$4,285
IX-16 OccupancyPrograms $20,319$20,319
IX-19 Conferences, conventions and meetingsManagement $632$632
IX-22 Depreciation, depletion and amortizationPrograms $3,896$3,896
IX-23 InsurancePrograms $8,376$8,376
IX-24 Other expenses (24a–d)Programs $27,848 · Management $1,020$28,868
IX-24e All other expensesPrograms $540 · Management $758$1,298
IX-25 Total functional expensesPrograms $70,496 · Management $9,005 · Fundraising $0$79,501
Part X · Balance sheet $1,265,855 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $75$75
X-2 Savings and temporary cash investmentsStart of year $96,270$120,253
X-10c Land, buildings and equipment, netStart of year $218,418$214,523
X-11 Publicly traded securitiesStart of year $820,162$931,004
X-16 Total assetsStart of year $1,134,925$1,265,855
X-17 Accounts payable and accrued expensesStart of year $210$673
X-26 Total liabilitiesStart of year $210$673
X-27 Net assets without donor restrictionsStart of year $1,134,715$1,265,182
X-32 Total net assets or fund balancesStart of year $1,134,715$1,265,182
X-33 Total liabilities and net assetsStart of year $1,134,925$1,265,855
Part XI · Reconciliation of net assets $1,265,182 net assets at year end
XI-1 Total revenue$122,056
XI-2 Total expenses$79,501
XI-3 Revenue less expenses$42,555
XI-4 Net assets at start of year$1,134,715
XI-5 Net unrealized gains (losses) on investments$87,912
XI-10 Net assets at end of year$1,265,182

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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