Civic Intelligence

Longwood Covered Courts Trust

990 • Fiscal year 2018 • EIN 04-1554260

May 01, 2017 to Apr 30, 2018 • Filed on Aug 17, 2018

PO Box 126Chestnut Hill, MA 02467

(617) 566-9066

Siviq Scores

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

Liabilities / Assets

37th percentile

0.01x

Higher debt load relative to assets than 37% of similar nonprofits.

2018 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

45th percentile

0.04x

Higher debt load relative to revenue than 45% of similar nonprofits.

2018 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2018

Net Margin

44th percentile

2.0%

Higher net margin than 44% of similar nonprofits.

2018 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

85th percentile

$0

Higher top officer pay than 85% of similar nonprofits.

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

2018 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2018

Asset Growth

48th percentile

1.1%

Faster asset growth than 48% of similar nonprofits.

2018 filings • 501(c)7 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

71st percentile

8.3%

Faster revenue growth than 71% of similar nonprofits.

2018 filings • 501(c)7 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$826,869

Up $9,230 (+1.1%) from 2017

Net Assets

Up

$817,357

Up $5,293 (+0.7%) from 2017

Liabilities

Up

$9,512

Up $3,937 (+71%) from 2017

Revenue

Up

$256,027

Up $19,549 (+8.3%) from 2017

Expenses

Up

$250,943

Up $40,183 (+19%) from 2017

Net Income

Down

$5,084

Down $20,634 (-80%) from 2017

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 2011: $774,246Liabilities 2011: $2,296Net Assets 2011: $771,9502011Assets 2012: $787,895Liabilities 2012: $5,754Net Assets 2012: $782,1412012Assets 2013: $773,148Liabilities 2013: $7,063Net Assets 2013: $766,0852013Assets 2014: $762,556Liabilities 2014: $8,912Net Assets 2014: $753,6442014Assets 2015: $776,188Liabilities 2015: $6,159Net Assets 2015: $770,0292015Assets 2016: $791,741Liabilities 2016: $5,395Net Assets 2016: $786,3462016Assets 2017: $817,639Liabilities 2017: $5,575Net Assets 2017: $812,0642017Assets 2018: $826,869Liabilities 2018: $9,512Net Assets 2018: $817,3572018Assets 2019: $842,060Liabilities 2019: $6,150Net Assets 2019: $835,9102019Assets 2020: $846,659Liabilities 2020: $7,087Net Assets 2020: $839,5722020Assets 2021: $864,632Liabilities 2021: $16,049Net Assets 2021: $848,5832021Assets 2022: $910,030Liabilities 2022: $8,242Net Assets 2022: $901,7882022Assets 2023: $902,451Liabilities 2023: $10,662Net Assets 2023: $891,7892023Assets 2024: $884,697Liabilities 2024: $55,586Net Assets 2024: $829,1112024Assets 2025: $1,200,984Liabilities 2025: $35,227Net Assets 2025: $1,165,7572025

Highlighted filing

2018

Assets$826,869
Liabilities$9,512
Net Assets$817,357

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2011: $213,3112011Expenses 2012: $202,0052012Revenue 2013: $213,450Expenses 2013: $229,506Net Income 2013: -$16,0562013Revenue 2014: $231,874Expenses 2014: $244,315Net Income 2014: -$12,4412014Revenue 2015: $236,828Expenses 2015: $220,443Net Income 2015: $16,3852015Revenue 2016: $244,802Expenses 2016: $228,485Net Income 2016: $16,3172016Revenue 2017: $236,478Expenses 2017: $210,760Net Income 2017: $25,7182017Revenue 2018: $256,027Expenses 2018: $250,943Net Income 2018: $5,0842018Revenue 2019: $252,585Expenses 2019: $234,192Net Income 2019: $18,3932019Revenue 2020: $251,351Expenses 2020: $247,872Net Income 2020: $3,4792020Revenue 2021: $233,659Expenses 2021: $237,663Net Income 2021: -$4,0042021Revenue 2022: $325,692Expenses 2022: $271,389Net Income 2022: $54,3032022Revenue 2023: $273,128Expenses 2023: $283,127Net Income 2023: -$9,9992023Revenue 2024: $272,214Expenses 2024: $331,631Net Income 2024: -$59,4172024Revenue 2025: $660,958Expenses 2025: $315,089Net Income 2025: $345,8692025

Highlighted filing

2018

Revenue$256,027
Expenses$250,943
Net Income$5,084
Jump To
Filing Snapshot
Filing Period
May 1, 2017 to Apr 30, 2018
Signed
Aug 17, 2018
Return Version
2017v2.3
Gross Receipts
$256,027
Mission and Program Overview

Mission

To provide indoor facilities for members to use to play tennis during the colder months of the year.

Provide tennis court facilities for members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$518,835$577,561▲ $58,726
Land, Buildings, and Equipment, Net$252,943$209,628▼ $43,315
Accounts Receivable$18,979$24,039▲ $5,060
Investments in Publicly Traded Securities-$11,082-
Cash and Non-Interest-Bearing Accounts$26,882$4,559▼ $22,323
Total Assets$817,639$826,869▲ $9,230
Liabilities
Accounts Payable and Accrued Expenses$5,575$9,512▲ $3,937
Total Liabilities$5,575$9,512▲ $3,937
Net Assets / Fund Balance
Unrestricted Net Assets$812,064$817,357▲ $5,293
Total Net Assets Fund Balance$812,064$817,357▲ $5,293
Total Liabilities and Net Assets / Fund Balance$817,639$826,869▲ $9,230

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$202,946$685,447$888,393
Land$6,682-$6,682
Equipment$0$3,346$3,346

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$10,655-▲ $427-$11,082
2016$10,276-▲ $379-$10,655
2015$10,000-▲ $276-$10,276
2014-$10,000--$10,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Patricia HawkinsPresident
John BitnerVice President
Andrea Dow KeoughTrustee
Edward MeyiTrustee
Kim OzakiTrustee
Michael HillTrustee
Robert ParkTrustee
Russell FranksTrustee
Victoria PurcellTrustee
Jennifer FiggeSecretary
John SullivanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$246,369
Investment Income
$5,453
Other Revenue
$4,205
Change in Net Assets
$5,084
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$189,472
Salaries, Compensation, and Employee Benefits$61,471
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy---$95,318
Other Salaries and Wages---$56,452
Depreciation Depletion---$43,315
Insurance---$21,993
Office Expenses---$20,185
Fees for Services Accounting---$5,850
Payroll Taxes---$5,019
Information Technology---$1,546
Fees for Services Other---$961
Other Expenses---$304
Total Functional Expenses$0$0$0$250,943
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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 6

The organization is comprised of members

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

All active members are eligible to vote for electing the board of trustees.

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

No review will be conducted.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Longwood Covered Courts Trust
EIN
04-1554260
Phone
6175669066
Address
PO BOX 126, CHESTNUT HILL, MA 02467

Signing Officer

Name
John Sullivan
Title
Treasurer
Phone
6173355165
Signed
2018-08-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Sullivan
Formed
1975
Legal Domicile
Ma
Voting Board Members
11
Independent Board Members
11
Employees
3
Volunteers
11

Preparer

Firm
Livingston & Haynes Pc
Address
40 GROVE STREET, WELLESLEY, MA 02482-7711
Preparer
Wendi Haynes
Phone
7812373339
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The oversight of the trust's financial statement's review is performed by the board of trustees. In addition, the board of trustees is also responsible for the selection of the independent accountant to perform the annual review of the trust's financial statements.

Financial Statement Notes

PART V, LINE 4:

The intended use of the trust's endowment funds are for long term giving programs.

PART X, LINE 2:

The trust recognizes tax benefits from an uncertain tax position only if it is more likely than not that the tax position will be sustained upon examination by the taxing authorities, based on the technical merits of the tax position. Any tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate resolution. Management has analyzed the trust's tax positions, and has concluded that no liability for unrecognized tax benefits should be recorded related to uncertain tax positions taken on returns filed for open years (2016 - 2017) or expected to be taken in the trust's tax returns for the year ended april 30, 2018. The trust identifies its major tax jurisdictions as u.s. Federal and the commonwealth of massachusetts; however, the trust is not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will change materially in the next twelve months.

Raw XML Appendix369 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt010000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt010000
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03346
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03346
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt06682
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt06682
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INTENDED USE OF THE TRUST'S ENDOWMENT FUNDS ARE FOR LONG TERM GIVING PROGRAMS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE TRUST RECOGNIZES TAX BENEFITS FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE TAX POSITION. ANY TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE RESOLUTION. MANAGEMENT HAS ANALYZED THE TRUST'S TAX POSITIONS, AND HAS CONCLUDED THAT NO LIABILITY FOR UNRECOGNIZED TAX BENEFITS SHOULD BE RECORDED RELATED TO UNCERTAIN TAX POSITIONS TAKEN ON RETURNS FILED FOR OPEN YEARS (2016 - 2017) OR EXPECTED TO BE TAKEN IN THE TRUST'S TAX RETURNS FOR THE YEAR ENDED APRIL 30, 2018. THE TRUST IDENTIFIES ITS MAJOR TAX JURISDICTIONS AS U.S. FEDERAL AND THE COMMONWEALTH OF MASSACHUSETTS; HOWEVER, THE TRUST IS NOT AWARE OF ANY TAX POSITIONS FOR WHICH IT IS REASONABLY POSSIBLE THAT THE TOTAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL CHANGE MATERIALLY IN THE NEXT TWELVE MONTHS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0209628
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS COMPRISED OF MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL ACTIVE MEMBERS ARE ELIGIBLE TO VOTE FOR ELECTING THE BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE OVERSIGHT OF THE TRUST'S FINANCIAL STATEMENT'S REVIEW IS PERFORMED BY THE BOARD OF TRUSTEES. IN ADDITION, THE BOARD OF TRUSTEES IS ALSO RESPONSIBLE FOR THE SELECTION OF THE INDEPENDENT ACCOUNTANT TO PERFORM THE ANNUAL REVIEW OF THE TRUST'S FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0817639
IRS990/TotalAssetsEOYAmt0826869
IRS990/TotalAssetsGrp/BOYAmt0817639
IRS990/TotalAssetsGrp/EOYAmt0826869
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/TotalAmt0250943
IRS990/TotalGrossUBIAmt05453
IRS990/TotalLiabilitiesBOYAmt05575
IRS990/TotalLiabilitiesEOYAmt09512
IRS990/TotalLiabilitiesGrp/BOYAmt05575
IRS990/TotalLiabilitiesGrp/EOYAmt09512
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0812064
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0817357
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0246369
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0250574
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0256027
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt05453
IRS990/TotalVolunteersCnt011
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0817639
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0826869
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0812064
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0817357
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0ONE FOX RUN ROAD
IRS990/USAddress/CityNm0LINCOLN
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001773
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN SULLIVAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06173355165
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-08-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LONGWOOD COVERED COURTS TRUST
ReturnHeader/Filer/BusinessNameControlTxt0LONG
ReturnHeader/Filer/EIN0041554260
ReturnHeader/Filer/PhoneNum06175669066
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 126
ReturnHeader/Filer/USAddress/CityNm0CHESTNUT HILL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002467
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId08DE55D5D632A8C5E9382A6DA8AE4B95A1EC436E1
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId08DE55D5D632A8C5E9382A6DA8AE4B95A1EC436E1
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt050.79.169.35
ReturnHeader/FilingSecurityInformation/IPDt02018-08-17
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm009:38:29
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0042536173
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LIVINGSTON & HAYNES PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt040 GROVE STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WELLESLEY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0024827711
ReturnHeader/PreparerPersonGrp/PhoneNum07812373339
ReturnHeader/PreparerPersonGrp/PreparationDt02018-08-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WENDI HAYNES
ReturnHeader/ReturnTs02018-08-27T09:53:45-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-05-01
ReturnHeader/TaxPeriodEndDt02018-04-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.20$0.04$1.17$0.66$0.32$0.35
2024Detailed filing. Detailed filing data is available for this year.$0.88$0.06$0.83$0.27$0.33$0.06
2023Detailed filing. Detailed filing data is available for this year.$0.90$0.01$0.89$0.27$0.28$0.01
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.91$0.01$0.90$0.33$0.27$0.05
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.86$0.02$0.85$0.23$0.24$0.00
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.85$0.01$0.84$0.25$0.25$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.84$0.01$0.84$0.25$0.23$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.83$0.01$0.82$0.26$0.25$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.82$0.01$0.81$0.24$0.21$0.03
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.79$0.01$0.79$0.24$0.23$0.02
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.78$0.01$0.77$0.24$0.22$0.02
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.76$0.01$0.75$0.23$0.24$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.77$0.01$0.77$0.21$0.23$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.79$0.01$0.78$0.20
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.77$0.00$0.77$0.21