Civic Intelligence

Bolduc Park Association

990 • Fiscal year 2022 • EIN 02-0475974

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 10, 2023

PO Box 7273Gilford, NH 03249

(603) 524-1370

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

19th percentile

0.00x

Higher debt load relative to assets than 19% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

19th percentile

0.00x

Higher debt load relative to revenue than 19% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

95th percentile

76%

Higher net margin than 95% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

89th percentile

52%

Faster asset growth than 89% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

91st percentile

102%

Faster revenue growth than 91% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$1,046,311

Up $358,780 (+52%) from 2021

Net Assets

Up

$1,045,887

Up $358,796 (+52%) from 2021

Liabilities

Down

$424

Down $16 (-3.6%) from 2021

Revenue

Up

$264,608

Up $133,664 (+102%) from 2021

Expenses

Down

$63,814

Down $23,025 (-27%) from 2021

Net Income

Up

$200,794

Up $156,689 (+355%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2010: $415,377Liabilities 2010: $02010Assets 2011: $432,929Liabilities 2011: $02011Assets 2012: $456,349Liabilities 2012: $712012Assets 2013: $468,437Liabilities 2013: $4672013Assets 2014: $478,630Liabilities 2014: $1022014Assets 2015: $495,239Liabilities 2015: $0Net Assets 2015: $495,2392015Assets 2016: $522,274Liabilities 2016: $323Net Assets 2016: $521,9512016Assets 2017: $549,319Liabilities 2017: $278Net Assets 2017: $549,0412017Assets 2018: $562,544Liabilities 2018: $325Net Assets 2018: $562,2192018Assets 2019: $579,978Liabilities 2019: $52Net Assets 2019: $579,9262019Assets 2020: $643,587Liabilities 2020: $590Net Assets 2020: $642,9972020Assets 2021: $687,531Liabilities 2021: $440Net Assets 2021: $687,0912021Assets 2022: $1,046,311Liabilities 2022: $424Net Assets 2022: $1,045,8872022Assets 2023: $1,134,925Liabilities 2023: $210Net Assets 2023: $1,134,7152023Assets 2024: $1,265,855Liabilities 2024: $673Net Assets 2024: $1,265,1822024Assets 2025: $1,359,540Liabilities 2025: $898Net Assets 2025: $1,358,6422025

Highlighted filing

2022

Assets$1,046,311
Liabilities$424
Net Assets$1,045,887

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0Revenue 2010: $44,577Expenses 2010: $35,386Net Income 2010: $9,1912010Revenue 2011: $46,751Expenses 2011: $29,199Net Income 2011: $17,5522011Revenue 2012: $57,239Expenses 2012: $33,890Net Income 2012: $23,3492012Revenue 2013: $45,714Expenses 2013: $34,022Net Income 2013: $11,6922013Revenue 2014: $43,259Expenses 2014: $32,701Net Income 2014: $10,5582014Revenue 2015: $65,386Expenses 2015: $48,675Net Income 2015: $16,7112015Revenue 2016: $55,445Expenses 2016: $28,733Net Income 2016: $26,7122016Revenue 2017: $66,362Expenses 2017: $39,272Net Income 2017: $27,0902017Revenue 2018: $55,180Expenses 2018: $42,002Net Income 2018: $13,1782018Revenue 2019: $69,914Expenses 2019: $52,207Net Income 2019: $17,7072019Revenue 2020: $112,411Expenses 2020: $49,340Net Income 2020: $63,0712020Revenue 2021: $130,944Expenses 2021: $86,839Net Income 2021: $44,1052021Revenue 2022: $264,608Expenses 2022: $63,814Net Income 2022: $200,7942022Revenue 2023: $97,986Expenses 2023: $68,901Net Income 2023: $29,0852023Revenue 2024: $122,056Expenses 2024: $79,501Net Income 2024: $42,5552024Revenue 2025: $218,800Expenses 2025: $88,472Net Income 2025: $130,3282025

Highlighted filing

2022

Revenue$264,608
Expenses$63,814
Net Income$200,794
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 10, 2023
Return Version
2022v5.0
Gross Receipts
$716,737
Mission and Program Overview

Mission

Free community recreation.

Free community recreation

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$687,091$1,045,887▲ $358,796
Investments in Publicly Traded Securities$421,723$764,714▲ $342,991
Land, Buildings, and Equipment, Net$225,906$222,526▼ $3,380
Savings and Temporary Cash Investments$27,327$58,996▲ $31,669
Investments Program Related$12,500--
Cash and Non-Interest-Bearing Accounts$75$75→ $0
Total Assets$687,531$1,046,311▲ $358,780
Liabilities
Accounts Payable and Accrued Expenses$440$424▼ $16
Total Liabilities$440$424▼ $16
Net Assets / Fund Balance
Total Net Assets Fund Balance$687,091$1,045,887▲ $358,796
Total Liabilities and Net Assets / Fund Balance$687,531$1,046,311▲ $358,780

Asset Categories

AssetBook ValueDepreciationBasis
Land$196,822-$196,822
Equipment$8,960$88,917$97,877
Buildings$16,744$20,945$37,689
Other Land Buildings-$910$910
Compensation and Service Providers

Board Members and Trustees

NameTitle
Marc PoulinPresident
Bert RousseauDirector
Greg LemayDirector
Jeff MosesDirector
Ray BoleDirector
Tom ManningSecretary
Judi PhelpsTreasurer
Mike SweeneyV-p
Revenue and Support

Revenue Composition

Contributions and Grants
$55,875
Program Service Revenue
$12,354
Investment Income
$173,979
Other Revenue
$22,400
All Other Contributions
$55,580
Change in Net Assets
$200,794
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$63,814
Total Fundraising Expense$1,869
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$18,170$4,624$1,869$24,663
Occupancy$21,394--$21,394
Insurance$7,371--$7,371
Depreciation Depletion$3,380--$3,380
Other Expenses$1,900$1,065-$1,900
Fees for Service Investment Mgmnt Fees-$1,486-$1,486
Advertising$945--$945
Total Functional Expenses$54,770$7,175$1,869$63,814
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$8,730
Fundraising Direct Expenses$1,487
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Robert Bolduc - See Part VFounderLease of Real PropertyNo$14,400
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

Members of the organizing vote in the directors of the organization.

Form 990, Part VI, Section B, Line 11B

The 990 is reviewed by the president and treasurer of the organization who authorize the e-filing of the return. The 900 may or may not be reviewed by the full board prior to filing.

Filing and Contact Details

Filer

Filer Name
Bolduc Park Association
EIN
02-0475974
Phone
6035241370
Address
PO BOX 7273, Gilford, NH 03249

Signing Officer

Name
Judi Phelps
Title
Treasurer
Phone
6035241370
Signed
2023-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Judi Phelps
Formed
1996
Legal Domicile
Nh
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
30

Preparer

Firm
Steven E Geer CPA
Address
401 Gilford Ave Bldg 3, Gilford, NH 03249
Preparer
Steven E Geer
Phone
6032930426
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Licenses 31 meals 169 state filing fees 75 printing and repro 270 postage 273 po box 108 merchant fees 1,021 repairs 9,208 supplies 8 computer 349 office supplies 1,693 equipment expense 5,040 succession plan expense 4,549 childrens auction expense 1,869. Total 24,663.

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IRS990/SavingsAndTempCashInvstGrp/BOYAmt027327
IRS990/SavingsAndTempCashInvstGrp/EOYAmt058996
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt055875
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt050575
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt045980
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt041268
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt028821
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0222519
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt020327
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt053525
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt039315
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt013802
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt08761
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0135730
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt034754
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt025487
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt035181
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt013132
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt013658
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0122212
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt020327
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt053525
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt039315
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt013802
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt08761
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0135730
IRS990ScheduleA/InvestmentIncomeCYPct00.28250
IRS990ScheduleA/InvestmentIncomePYPct00.28810
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.71750
IRS990ScheduleA/PublicSupportPY509Pct00.71190
IRS990ScheduleA/PublicSupportTotal509Amt0344731
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt090629
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt076062
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt081161
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt054400
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt042479
IRS990ScheduleA/Total509Grp/TotalAmt0344731
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0110956
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0129587
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0120476
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt068202
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt051240
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0480461
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt016744
IRS990ScheduleD/BuildingsGrp/DepreciationAmt020945
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt037689
IRS990ScheduleD/EquipmentGrp/BookValueAmt08960
IRS990ScheduleD/EquipmentGrp/DepreciationAmt088917
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt097877
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt0196822
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0196822
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0910
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0910
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0222526
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0ROBERT BOLDUC - SEE PART V
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0FOUNDER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt014400
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0LEASE OF REAL PROPERTY
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0A LEASE AGREEMENT WAS ENTERED INTO BETWEEN ROBERT BOLDUC, TRUSTEE OF THE BOLDUC REVOCABLE TRUST THE LESSOR AND THE BOLDUC PARK ASSOCIATION THE LESSEE. THE LEASE IS FOR 6,417 S.F. CONSISTING OF BARN BUILDINGS, SHEDS, OFFICES, BOILER ROOM, AND OTHER. THE LEASE IS AN ANNUAL LEASE WITH AN AUTOMATIC RENEWAL. THE AMOUNT OF RENT PAID FOR THE CALENDEAR YEAR 2022 WAS 14,400. ROBERT BOLDUC IS A FOUNDER OF THE BOLDUC PARK ASSOCIATION.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Part IV Line 1
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LICENSES 31 MEALS 169 STATE FILING FEES 75 PRINTING AND REPRO 270 POSTAGE 273 PO BOX 108 MERCHANT FEES 1,021 REPAIRS 9,208 SUPPLIES 8 COMPUTER 349 OFFICE SUPPLIES 1,693 EQUIPMENT EXPENSE 5,040 SUCCESSION PLAN EXPENSE 4,549 CHILDRENS AUCTION EXPENSE 1,869. TOTAL 24,663.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS OF THE ORGANIZING VOTE IN THE DIRECTORS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 990 IS REVIEWED BY THE PRESIDENT AND TREASURER OF THE ORGANIZATION WHO AUTHORIZE THE E-FILING OF THE RETURN. THE 900 MAY OR MAY NOT BE REVIEWED BY THE FULL BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11b
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NH
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0687531
IRS990/TotalAssetsEOYAmt01046311
IRS990/TotalAssetsGrp/BOYAmt0687531
IRS990/TotalAssetsGrp/EOYAmt01046311
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt055875
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt01869
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt07175
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt054770
IRS990/TotalFunctionalExpensesGrp/TotalAmt063814
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0440
IRS990/TotalLiabilitiesEOYAmt0424
IRS990/TotalLiabilitiesGrp/BOYAmt0440
IRS990/TotalLiabilitiesGrp/EOYAmt0424
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0687091
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01045887
IRS990/TotalProgramServiceExpensesAmt054770
IRS990/TotalProgramServiceRevenueAmt012354
IRS990/TotalRevenueGrp/ExclusionAmt0181222
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt027511
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0264608
IRS990/TotalVolunteersCnt030
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0687531
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01046311
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 7273
IRS990/USAddress/CityNm0Gilford
IRS990/USAddress/StateAbbreviationCd0NH
IRS990/USAddress/ZIPCd003249
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WhistleblowerPolicyInd0false

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.36$0.00$1.36$0.22$0.09$0.13
2024Detailed filing. Detailed filing data is available for this year.$1.27$0.00$1.27$0.12$0.08$0.04
2023Detailed filing. Detailed filing data is available for this year.$1.13$0.00$1.13$0.10$0.07$0.03
2022Detailed filing. Detailed filing data is available for this year.$1.05$0.00$1.05$0.26$0.06$0.20
2021Detailed filing. Detailed filing data is available for this year.$0.69$0.00$0.69$0.13$0.09$0.04
2020Detailed filing. Detailed filing data is available for this year.$0.64$0.00$0.64$0.11$0.05$0.06
2019Detailed filing. Detailed filing data is available for this year.$0.58$0.00$0.58$0.07$0.05$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.56$0.00$0.56$0.06$0.04$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.55$0.00$0.55$0.07$0.04$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.52$0.00$0.52$0.06$0.03$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.50$0.00$0.50$0.07$0.05$0.02
2014Summary only. Only limited summary data is available for this year.$0.48$0.00$0.04$0.03$0.01
2013Summary only. Only limited summary data is available for this year.$0.47$0.00$0.05$0.03$0.01
2012Summary only. Only limited summary data is available for this year.$0.46$0.00$0.06$0.03$0.02
2011Summary only. Only limited summary data is available for this year.$0.43$0.00$0.05$0.03$0.02
2010Summary only. Only limited summary data is available for this year.$0.42$0.00$0.04$0.04$0.01