Civic Intelligence

Wolfeboro Area Recreation Association

990 • Fiscal year 2019 • EIN 02-0495737

Apr 01, 2018 to Mar 31, 2019 • Filed on Sep 12, 2019

PO Box 838Wolfeboro, NH 03894-0838

(603) 569-1909

Siviq Scores

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

Liabilities / Assets

8th percentile

0.00x

Higher debt load relative to assets than 8% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

9th percentile

0.00x

Higher debt load relative to revenue than 9% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

90th percentile

47%

Higher net margin than 90% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

26th percentile

$57,786

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 8.7% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

42nd percentile

1.1%

Faster asset growth than 42% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

30th percentile

-3.2%

Faster revenue growth than 30% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Up

$5,241,892

Up $57,199 (+1.1%) from 2018

Net Assets

Up

$5,240,532

Up $60,805 (+1.2%) from 2018

Liabilities

Down

$1,360

Down $3,606 (-73%) from 2018

Revenue

Down

$665,963

Down $21,762 (-3.2%) from 2018

Expenses

Up

$354,200

Up $57,167 (+19%) from 2018

Net Income

Down

$311,763

Down $78,929 (-20%) from 2018

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2011: $3,960,226Liabilities 2011: $45,524Net Assets 2011: $3,914,7022011Assets 2012: $3,912,221Liabilities 2012: $4,155Net Assets 2012: $3,908,0662012Assets 2013: $4,025,193Liabilities 2013: $4,074Net Assets 2013: $4,021,1192013Assets 2014: $4,176,012Liabilities 2014: $4,471Net Assets 2014: $4,171,5412014Assets 2016: $4,480,913Liabilities 2016: $8,640Net Assets 2016: $4,472,2732016Assets 2017: $4,793,423Liabilities 2017: $4,388Net Assets 2017: $4,789,0352017Assets 2018: $5,184,693Liabilities 2018: $4,966Net Assets 2018: $5,179,7272018Assets 2019: $5,241,892Liabilities 2019: $1,360Net Assets 2019: $5,240,5322019Assets 2020: $5,211,004Liabilities 2020: $33,820Net Assets 2020: $5,177,1842020Assets 2021: $6,552,558Liabilities 2021: $36,416Net Assets 2021: $6,516,1422021Assets 2022: $6,916,547Liabilities 2022: $14,917Net Assets 2022: $6,901,6302022Assets 2023: $7,006,080Liabilities 2023: $5,641Net Assets 2023: $7,000,4392023Assets 2024: $10,990,542Liabilities 2024: $33,691Net Assets 2024: $10,956,8512024Assets 2025: $16,337,316Liabilities 2025: $24,206Net Assets 2025: $16,313,1102025

Highlighted filing

2019

Assets$5,241,892
Liabilities$1,360
Net Assets$5,240,532

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $280,713Expenses 2011: $260,303Net Income 2011: $20,4102011Revenue 2012: $241,115Expenses 2012: $250,872Net Income 2012: -$9,7572012Revenue 2013: $314,731Expenses 2013: $267,640Net Income 2013: $47,0912013Revenue 2014: $307,984Expenses 2014: $262,087Net Income 2014: $45,8972014Revenue 2016: $356,992Expenses 2016: $270,607Net Income 2016: $86,3852016Revenue 2017: $588,127Expenses 2017: $271,365Net Income 2017: $316,7622017Revenue 2018: $687,725Expenses 2018: $297,033Net Income 2018: $390,6922018Revenue 2019: $665,963Expenses 2019: $354,200Net Income 2019: $311,7632019Revenue 2020: $507,991Expenses 2020: $348,350Net Income 2020: $159,6412020Revenue 2021: $773,763Expenses 2021: $306,445Net Income 2021: $467,3182021Revenue 2022: $681,584Expenses 2022: $362,750Net Income 2022: $318,8342022Revenue 2023: $796,314Expenses 2023: $383,093Net Income 2023: $413,2212023Revenue 2024: $3,809,693Expenses 2024: $436,963Net Income 2024: $3,372,7302024Revenue 2025: $5,923,491Expenses 2025: $700,140Net Income 2025: $5,223,3512025

Highlighted filing

2019

Revenue$665,963
Expenses$354,200
Net Income$311,763
Jump To
Filing Snapshot
Filing Period
Apr 1, 2018 to Mar 31, 2019
Signed
Sep 12, 2019
Return Version
2018v3.1
Gross Receipts
$1,585,672
Mission and Program Overview

Mission

The wolfeboro area recreation association (wara) provides recreational opportunities to the community by planning, constructing, and overseeing recreational facilities, as exemplied by the nicholas j. Pernokas recreation park, also known as "the nick."

The mission of the Wolfeboro Area Recreation Association is to provide recreational opportunities for both children and adults that enhance quality of life and incorporate and support community values.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,194,167$2,205,306▲ $11,139
Investments in Publicly Traded Securities$1,857,073$2,049,652▲ $192,579
Investments Other Securities$400,027$257,844▼ $142,183
Savings and Temporary Cash Investments$177,422$203,620▲ $26,198
Pledges and Grants Receivable$20,457$13,986▼ $6,471
Prepaid Expenses and Deferred Charges$5,427$5,427→ $0
Total Assets$5,184,693$5,241,892▲ $57,199
Other Assets Total$530,120$506,057▼ $24,063
Liabilities
Accounts Payable and Accrued Expenses$1,569--
Other Liabilities$3,397$1,360▼ $2,037
Total Liabilities$4,966$1,360▼ $3,606
Net Assets / Fund Balance
Unrestricted Net Assets$3,652,640$3,629,414▼ $23,226
Permanently Rstr Net Assets$1,479,518$1,541,530▲ $62,012
Temporarily Rstr Net Assets$47,569$69,588▲ $22,019
Total Net Assets Fund Balance$5,179,727$5,240,532▲ $60,805
Total Liabilities and Net Assets / Fund Balance$5,184,693$5,241,892▲ $57,199

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,425,013-$1,425,013
Leasehold Improvements$498,443$428,090$926,533
Buildings$226,206$112,334$338,540
Equipment$55,644$80,121$135,765
Other Land Buildings-$4,143$4,143
Other Assets Org$506,057--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$2,140,606$65,425▲ $10,936-$2,216,967
2017$2,232,673$115,000▲ $148,182$254,755$2,241,100
2016$1,998,790$93,230▲ $159,167$18,514$2,232,673
2015$2,007,128$6,590▼ $2,993$11,935$1,998,790
2014$1,680,036$244,415▲ $94,829$12,152$2,007,128
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Holly AucoinExecutive DirectorFT$57,786$57,786

Board Members and Trustees

NameTitle
Alex HuntPresident
Dr Michael CooperBoard Member
Gordon LingBoard Member
James ReillyBoard Member
Jim CowlesBoard Member
John PernokasBoard Member
Lennie PinaultBoard Member
Stephen HaleBoard Member
THOMAS O'BRIENBoard Member
Dr Stephen FleetSecretary
Ryan MaranTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$314,876
Program Service Revenue
$75,766
Investment Income
$275,321
Other Revenue
$0
All Other Contributions
$173,799
Change in Net Assets
$311,763
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$214,780
Salaries, Compensation, and Employee Benefits$139,420
Total Fundraising Expense$38,042
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$42,475$87,212-$129,687
Depreciation Depletion$63,119--$63,119
Occupancy$12,240$5,515-$17,755
Insurance$9,604$2,724-$12,328
Payroll Taxes$3,406$6,327-$9,733
Office Expenses$3,097$5,333-$8,430
Fees for Services Accounting$4,189$4,190-$8,379
Other Expenses$1,000$1,761$38,042$2,761
Total Functional Expenses$203,096$113,062$38,042$354,200
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$50,499$50,499$21,799$28,700
Nickfest$20,608$20,608$14,204$6,404
Total Events$80,577$80,577$36,791$43,786
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$1,360
Payroll liabilities-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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 B, Line 11B

The Treasurer of the Organization reviews the Form 990, with accompanying forms and schedules, on behalf of the governing body before it is signed and filed.

Form 990, Part VI, Section B, Line 12C

All officers, board members, and employees are regularly asked to disclose their business and investment holdings and transactions, including other family members, that could give rise to potential conflicts of interest.

Form 990, Part VI, Section B, Line 15B

The governing body of the organization has established procedures to monitor and recommend salary guidelines for its employees, including the Executive Director, utilizing comparative data and other resources.

Form 990, Part VI, Section C, Line 19

The Organization makes available its governing document, conflict of interest policy, and reviewed financial statements to the general public by providing copies upon request or by inspection at its main office.

Filing and Contact Details

Filer

Filer Name
Wolfeboro Area Recreation Association
EIN
02-0495737
Phone
6035691909
Address
PO BOX 838, WOLFEBORO, NH 03894-0838

Signing Officer

Name
Ryan Maran
Title
Treasurer
Phone
6035691953
Signed
2019-09-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Holly Aucoin
Formed
1998
Legal Domicile
Nh
Voting Board Members
11
Independent Board Members
11
Employees
6
Volunteers
11

Preparer

Firm
David a Kreed CPA
Address
36 NORTH STREET, MANCHESTER, NH 03104
Preparer
David a Kreed
Phone
6036254792
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

The Organization had an unrealized loss on funds held with the New Hampshire Charitable Foundation

Financial Statement Notes

X 2

Accounting principles generally accepted in the United States of America require management to evaluate tax provisions taken by the Association, including entities exempt from income taxes. Management has evaluated the tax positions taken and concluded that the Association does not have any significant unrelated business income and has taken no uncertain tax positions that require recognition or disclosure in the financial statements. Therefore, no provision for income taxes has been included in the financial statements.

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$16.3$0.02$16.3$5.92$0.70$5.22
2024Detailed filing. Detailed filing data is available for this year.$11.0$0.03$11.0$3.81$0.44$3.37
2023Detailed filing. Detailed filing data is available for this year.$7.01$0.01$7.00$0.80$0.38$0.41
2022Detailed filing. Detailed filing data is available for this year.$6.92$0.01$6.90$0.68$0.36$0.32
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.55$0.04$6.52$0.77$0.31$0.47
2020Detailed filing. Detailed filing data is available for this year.$5.21$0.03$5.18$0.51$0.35$0.16
2019Detailed filing. Detailed filing data is available for this year.$5.24$0.00$5.24$0.67$0.35$0.31
2018Detailed filing. Detailed filing data is available for this year.$5.18$0.00$5.18$0.69$0.30$0.39
2017Detailed filing. Detailed filing data is available for this year.$4.79$0.00$4.79$0.59$0.27$0.32
2016Detailed filing. Detailed filing data is available for this year.$4.48$0.01$4.47$0.36$0.27$0.09
2014Detailed filing. Detailed filing data is available for this year.$4.18$0.00$4.17$0.31$0.26$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.03$0.00$4.02$0.31$0.27$0.05
2012Summary only. Only limited summary data is available for this year.$3.91$0.00$3.91$0.24$0.25$0.01
2011Summary only. Only limited summary data is available for this year.$3.96$0.05$3.91$0.28$0.26$0.02
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2019 filings • 501(c)3 • $5M-$10M nonprofits