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North Reading Skating Association INC

Tax-deductible

North Reading, MA501(c)(3)Recreation & SportsEIN 04-3523562Revenue $124K in FY2023

On file with the IRSnrsa.netPo Box 121, 01864-0121 · North Reading, MATax-exempt since Mar 2001Publicly supported — 509(a)(2)

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Skating instructions and team sportsmenship

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Run by 65 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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FY2023 · 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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $11K a year · 7% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
13 mo
of spending, in cash
Looks good: 13.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$109K
57% of total assets
Fine: liabilities are 57% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
17
of 11 voting members
Looks good: 17 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$124K
-27% vs prior year
Spent
$149K
To programs
92%
Net assets
$84K
By yearFY2021–FY2023
Revenue
$124K
FY2023▼ -27%
Tap a bar for its year
Revenue by fiscal year
FY2021$147K
FY2022$169K
FY2023$124K
Expenses
$149K
FY2023▲ +18%
Tap a bar for its year
Expenses by fiscal year
FY2021$132K
FY2022$127K
FY2023$149K
Net assets
$84K
FY2023▼ -23%
Tap a bar for its year
Net assets by fiscal year
FY2021$66K
FY2022$109K
FY2023$84K

From the FY2023 Form 990 (year ending June 2023) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Mar 2001.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $137K Management & general 1% · $2K Fundraising 7% · $10K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Doug Ago
Secretary
$0Pt VII · Sec A
Tj Leenders
Treasurer
$0Pt VII · Sec A
Thomas McCollem
Assistant Di
$0Pt VII · Sec A
T J Valada
Director
$0Pt VII · Sec A
See North Reading Skating Association INC 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

Teaches skating and fosters team sportsmanship.

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1 program · $136K · in their own filed words · FY2022
01

Youth hockey providing a chance to experience team sports and social interaction among peers.

$136Kprogram expense

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$124K
Ln 12
Fees for servicesLn 2g$109K
Other incomeLn 4–11$15K
Investment incomeLn 3$280
Money outPt IX
$149K
Ln 25
Programscol B$137K
Managementcol C$2K
Fundraisingcol D$10K
Owns and owesPt X
$84K
net assets · Ln 32
Cash and savingsLn 1–2$162K
Total assetsLn 16$193K
LiabilitiesLn 26$109K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$109K
Investment incomeLn 3$280
Other incomeLn 4–11$15K
Total revenueLn 12$124K
Assets in detailPt X, end of year
CashLn 1$85K
SavingsLn 2$78K
Cash and savings togetherLn 1–2$162K
Total assetsLn 16$193K
LiabilitiesLn 26$109K
Net assetsLn 32$84K
OperationsPt I, VI
EmployeesI 50
VolunteersI 665
Fiscal year endsHeaderJune
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 FY23End FY23
Cash and savingsLn 1–2$124K$162K
Total assetsLn 16$155K$193K
LiabilitiesLn 26$46K$109K
Net assetsLn 32$109K$84K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$1K$1K
Accounting feesLn 11c$600$600
Other fees for servicesLn 11g$143K$132K$10K
Office expensesLn 13$4K$4K$451
Information technologyLn 14$942$942
Total functional expensesLn 25$149K$137K$2K$10K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $124K$149K−$25K$84K 990 PDF
FY2022 $169K$127K$42K$109K 990 PDF
FY2021 $147K$132K$15K$66K 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 FY2023 990 (6 parts)
Part I · Summary $124,419 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $146,996$108,691
I-10 Investment incomePrior year $8$280
I-11 Other revenuePrior year $22,278$15,448
I-12 Total revenuePrior year $169,282$124,419
I-13 Grants and similar amounts paidPrior year $1,000$1,100
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $125,784$148,382
I-18 Total expensesPrior year $126,784$149,482
I-19 Revenue less expensesPrior year $42,498−$25,063
Part VI · Governance 17 of 11 board members independent, 4 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members17
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 $124,419 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $108,691$108,691
VIII-3 Investment incomeExcluded from tax $280$280
VIII-8 Net income from fundraising eventsExcluded from tax $15,448$15,448
VIII-12 Total revenueRelated to mission $108,691 · Excluded from tax $15,728$124,419
Part IX · Statement of functional expenses $149,482 across 5 lines filed
IX-2 Grants to domestic individualsPrograms $1,100$1,100
IX-11c Accounting feesManagement $600$600
IX-11g Other fees for servicesPrograms $132,360 · Fundraising $10,496$142,856
IX-13 Office expensesPrograms $3,533 · Management $451$3,984
IX-14 Information technologyManagement $942$942
IX-25 Total functional expensesPrograms $136,993 · Management $1,993 · Fundraising $10,496$149,482
Part X · Balance sheet $192,823 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $46,968$84,803
X-2 Savings and temporary cash investmentsStart of year $77,360$77,640
X-3 Pledges and grants receivableStart of year $30,380$30,380
X-16 Total assetsStart of year $154,708$192,823
X-17 Accounts payable and accrued expensesStart of year $4,900$55,309
X-19 Deferred revenueStart of year $41,075$53,844
X-26 Total liabilitiesStart of year $45,975$109,153
X-27 Net assets without donor restrictionsStart of year $108,733$83,670
X-32 Total net assets or fund balancesStart of year $108,733$83,670
X-33 Total liabilities and net assetsStart of year $154,708$192,823
Part XI · Reconciliation of net assets $83,670 net assets at year end
XI-1 Total revenue$124,419
XI-2 Total expenses$149,482
XI-3 Revenue less expenses−$25,063
XI-4 Net assets at start of year$108,733
XI-10 Net assets at end of year$83,670

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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