Civic Intelligence

Broomstones Inc

990 • Fiscal year 2017 • EIN 04-2435148

Jun 01, 2016 to May 31, 2017 • Filed on Apr 17, 2018

1 Curling LaneWayland, MA 01778

(508) 358-2412

Siviq Scores

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

Liabilities / Assets

30th percentile

0.02x

Higher debt load relative to assets than 30% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

42nd percentile

0.07x

Higher debt load relative to revenue than 42% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

64th percentile

8.7%

Higher net margin than 64% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Assets

Up

$1,255,205

Up $437,725 (+54%) from 2012

Net Assets

Up

$1,234,496

Up $417,016 (+51%) from 2012

Liabilities

Up

$20,709

Up $20,709 from 2012

Revenue

$309,506

No earlier filing loaded for comparison.

Expenses

Up

$282,521

Up $118,777 (+73%) from 2012

Net Income

$26,985

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $775,187Liabilities 2011: $0Net Assets 2011: $775,1872011Assets 2012: $817,480Liabilities 2012: $0Net Assets 2012: $817,4802012Assets 2017: $1,255,205Liabilities 2017: $20,709Net Assets 2017: $1,234,4962017Assets 2018: $1,330,619Liabilities 2018: $18,231Net Assets 2018: $1,312,3882018Assets 2019: $1,382,328Liabilities 2019: $15,485Net Assets 2019: $1,366,8432019Assets 2020: $1,455,657Liabilities 2020: $20,579Net Assets 2020: $1,435,0782020Assets 2021: $1,500,634Liabilities 2021: $28,010Net Assets 2021: $1,472,6242021Assets 2022: $1,475,048Liabilities 2022: $8,040Net Assets 2022: $1,467,0082022Assets 2023: $1,485,154Liabilities 2023: $11,869Net Assets 2023: $1,473,2852023Assets 2024: $1,601,668Liabilities 2024: $17,894Net Assets 2024: $1,583,7742024Assets 2025: $1,709,913Liabilities 2025: $59,975Net Assets 2025: $1,649,9382025

Highlighted filing

2017

Assets$1,255,205
Liabilities$20,709
Net Assets$1,234,496

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $235,145Expenses 2011: $176,299Net Income 2011: $58,8462011Expenses 2012: $163,7442012Revenue 2017: $309,506Expenses 2017: $282,521Net Income 2017: $26,9852017Revenue 2018: $316,325Expenses 2018: $302,827Net Income 2018: $13,4982018Revenue 2019: $368,078Expenses 2019: $335,030Net Income 2019: $33,0482019Revenue 2020: $359,180Expenses 2020: $305,403Net Income 2020: $53,7772020Revenue 2021: $76,594Expenses 2021: $168,565Net Income 2021: -$91,9712021Revenue 2022: $374,194Expenses 2022: $338,440Net Income 2022: $35,7542022Revenue 2023: $453,497Expenses 2023: $433,504Net Income 2023: $19,9932023Revenue 2024: $456,428Expenses 2024: $429,619Net Income 2024: $26,8092024Revenue 2025: $435,125Expenses 2025: $414,677Net Income 2025: $20,4482025

Highlighted filing

2017

Revenue$309,506
Expenses$282,521
Net Income$26,985
Jump To
Filing Snapshot
Filing Period
Jun 1, 2016 to May 31, 2017
Signed
Apr 17, 2018
Return Version
2016v3.0
Gross Receipts
$406,306
Mission and Program Overview

Mission

To promote the sport of curling among people of all ages

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$450,242$528,813▲ $78,571
Land, Buildings, and Equipment, Net$164,316$398,171▲ $233,855
Savings and Temporary Cash Investments$506,341$307,782▼ $198,559
Cash and Non-Interest-Bearing Accounts$14,926$11,828▼ $3,098
Inventories for Sale or Use$13,440$8,210▼ $5,230
Total Assets$1,150,678$1,255,205▲ $104,527
Other Assets Total$1,413$401▼ $1,012
Liabilities
Accounts Payable and Accrued Expenses$11,400$20,709▲ $9,309
Total Liabilities$11,400$20,709▲ $9,309
Net Assets / Fund Balance
Unrestricted Net Assets$1,139,278$1,234,496▲ $95,218
Total Net Assets Fund Balance$1,139,278$1,234,496▲ $95,218
Total Liabilities and Net Assets / Fund Balance$1,150,678$1,255,205▲ $104,527

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$331,576$39,718$371,294
Buildings$8,557$243,813$252,370
Equipment$43,931$206,796$250,727
Other Land Buildings$4,773$25,083$29,856
Land$9,334-$9,334
Compensation and Service Providers

Board Members and Trustees

NameTitle
Brian MccaffertyPresident
ANDY O'ROURKEVice-president
Benjamin GuzmanDirector
Brian CareyDirector
Jeff CaruthersDirector
Jim LernerDirector
Joanne BerubeDirector
Ky WinbornDirector
Meeghan Nolasco From Oct 2015Director
Rich CollierDirector
Todd HebertDirector
Sian McalpinSecretary
Jennifer LeichterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,392
Program Service Revenue
$228,100
Investment Income
$10,886
Other Revenue
$68,128
All Other Contributions
$2,392
Change in Net Assets
$26,985
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$254,008
Salaries, Compensation, and Employee Benefits$28,513
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$114,487$12,294-$126,781
Depreciation Depletion$37,358--$37,358
Other Salaries and Wages$25,754--$25,754
Insurance$17,531--$17,531
Office Expenses$6,540$1,847-$8,387
Other Expenses$3,945--$3,945
Fees for Services Accounting-$3,500-$3,500
Payroll Taxes$2,759--$2,759
Total Functional Expenses$264,880$17,641$0$282,521
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$61,020
Fundraising Direct Expenses$34,223
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Curling Tournaments$61,020$61,020-$61,020
Total Events$61,020$61,020$34,223$26,797
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
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 B, Line 11B

The treasurer of the organization performs a thorough review of the form 990 and attachments before approving and signing the return.

Form 990, Part VI, Section C, Line 19

Financial statements and form 990 are available upon request

Filing and Contact Details

Filer

Filer Name
Broomstones Inc
EIN
04-2435148
Phone
5083582412
Address
1 CURLING LANE, WAYLAND, MA 01778

Signing Officer

Name
Jennifer Leichter
Title
Treasurer
Phone
5083582412
Signed
2018-04-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Greg Bielski
Formed
1967
Legal Domicile
Ma
Voting Board Members
13
Independent Board Members
13
Employees
23
Volunteers
256

Preparer

Firm
Goloboy CPA LLC
Address
28 SOUTH MAIN STREET, SHARON, MA 02067
Preparer
Andrew S Goloboy CPA
Phone
7817935890
Supplemental Narrative

Financial Statement Notes

PART II, LINE 9:

There is a conservation easement on approximately six acres of real estate owned by the organization to allow the general public to pursue walking and hiking activities. No revenue or expenses is associated with this activity and no value has been assigned to this accomodation on the balance sheet.

PART X, LINE 2:

The organization adopted topic 740 of the fasb accounting standards codification (asc 740) relating to the accounting for uncertainty in income taxes. As required by this topic, the organization has evaluated its tax positions, applying a "more likely than not" standard, and believes that there would be no material changes to the results of its operations or financial position as a result of an audit by the applicable taxing authorities, federal or state.

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IRS990/PYOtherRevenueAmt090218
IRS990/PYProgramServiceRevenueAmt0167244
IRS990/PYRevenuesLessExpensesAmt086908
IRS990/PYSalariesCompEmpBnftPaidAmt05067
IRS990/PYTotalExpensesAmt0188771
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0275679
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt026985
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0228100
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0506341
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0307782
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt06000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt06000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt06000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt05685
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt023685
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0172325
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0174334
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0165475
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0163150
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0155959
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0831243
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt069051
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt070492
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt057824
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt045271
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt033776
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0276414
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0164929
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0142666
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0167122
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0123601
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0125502
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0723820
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt069051
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt070492
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt057824
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt045271
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt033776
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0276414
IRS990ScheduleA/InvestmentIncomeCYPct00.15090
IRS990ScheduleA/InvestmentIncomePYPct00.13330
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.83610
IRS990ScheduleA/PublicSupportPY509Pct00.84940
IRS990ScheduleA/PublicSupportTotal509Amt01531378
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt06000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt06000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt06000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt05685
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt023685
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0337254
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0317000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0332597
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0286751
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0281461
IRS990ScheduleA/Total509Grp/TotalAmt01555063
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0406305
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0387492
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0390421
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0332022
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0315237
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01831477
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt08557
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0243813
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0252370
IRS990ScheduleD/EquipmentGrp/BookValueAmt043931
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0206796
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0250727
IRS990ScheduleD/ExpensesIncurredEnforcementAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt09334
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt09334
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0331576
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt039718
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0371294
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt04773
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt025083
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt029856
IRS990ScheduleD/PreservationPublicUseInd0X
IRS990ScheduleD/StatesEasementsHeldCnt01
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THERE IS A CONSERVATION EASEMENT ON APPROXIMATELY SIX ACRES OF REAL ESTATE OWNED BY THE ORGANIZATION TO ALLOW THE GENERAL PUBLIC TO PURSUE WALKING AND HIKING ACTIVITIES. NO REVENUE OR EXPENSES IS ASSOCIATED WITH THIS ACTIVITY AND NO VALUE HAS BEEN ASSIGNED TO THIS ACCOMODATION ON THE BALANCE SHEET.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION ADOPTED TOPIC 740 OF THE FASB ACCOUNTING STANDARDS CODIFICATION (ASC 740) RELATING TO THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. AS REQUIRED BY THIS TOPIC, THE ORGANIZATION HAS EVALUATED ITS TAX POSITIONS, APPLYING A "MORE LIKELY THAN NOT" STANDARD, AND BELIEVES THAT THERE WOULD BE NO MATERIAL CHANGES TO THE RESULTS OF ITS OPERATIONS OR FINANCIAL POSITION AS A RESULT OF AN AUDIT BY THE APPLICABLE TAXING AUTHORITIES, FEDERAL OR STATE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART II, LINE 9:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalAcreageCnt06.00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0398171
IRS990ScheduleD/TotalEasementsCnt01
IRS990ScheduleD/WrittenPolicyMonitoringInd00
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt034223
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt034223
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt034223
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0CURLING TOURNAMENTS
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt061020
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt061020
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt061020
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt061020
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt026797
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TREASURER OF THE ORGANIZATION PERFORMS A THOROUGH REVIEW OF THE FORM 990 AND ATTACHMENTS BEFORE APPROVING AND SIGNING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01150678
IRS990/TotalAssetsEOYAmt01255205
IRS990/TotalAssetsGrp/BOYAmt01150678
IRS990/TotalAssetsGrp/EOYAmt01255205
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02392

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