Civic Intelligence

Broomstones Inc

990 • Fiscal year 2018 • EIN 04-2435148

Jun 01, 2017 to May 31, 2018 • Filed on Aug 30, 2019

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

29th percentile

0.01x

Higher debt load relative to assets than 29% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

40th percentile

0.06x

Higher debt load relative to revenue than 40% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

54th percentile

4.3%

Higher net margin than 54% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

65th percentile

6.0%

Faster asset growth than 65% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

46th percentile

2.2%

Faster revenue growth than 46% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$1,330,619

Up $75,414 (+6.0%) from 2017

Net Assets

Up

$1,312,388

Up $77,892 (+6.3%) from 2017

Liabilities

Down

$18,231

Down $2,478 (-12%) from 2017

Revenue

Up

$316,325

Up $6,819 (+2.2%) from 2017

Expenses

Up

$302,827

Up $20,306 (+7.2%) from 2017

Net Income

Down

$13,498

Down $13,487 (-50%) from 2017

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

2018

Assets$1,330,619
Liabilities$18,231
Net Assets$1,312,388

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

2018

Revenue$316,325
Expenses$302,827
Net Income$13,498
Jump To
Filing Snapshot
Filing Period
Jun 1, 2017 to May 31, 2018
Signed
Aug 30, 2019
Return Version
2017v2.3
Gross Receipts
$409,750
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$528,813$604,645▲ $75,832
Land, Buildings, and Equipment, Net$398,171$371,136▼ $27,035
Savings and Temporary Cash Investments$307,782$328,466▲ $20,684
Inventories for Sale or Use$8,210$14,874▲ $6,664
Cash and Non-Interest-Bearing Accounts$11,828$10,288▼ $1,540
Total Assets$1,255,205$1,330,619▲ $75,414
Other Assets Total$401$1,210▲ $809
Liabilities
Accounts Payable and Accrued Expenses$20,709$18,231▼ $2,478
Total Liabilities$20,709$18,231▼ $2,478
Net Assets / Fund Balance
Unrestricted Net Assets$1,234,496$1,312,388▲ $77,892
Total Net Assets Fund Balance$1,234,496$1,312,388▲ $77,892
Total Liabilities and Net Assets / Fund Balance$1,255,205$1,330,619▲ $75,414

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$322,413$58,672$381,085
Buildings$8,245$244,125$252,370
Equipment$27,845$222,882$250,727
Other Land Buildings$3,299$29,199$32,498
Land$9,334-$9,334
Compensation and Service Providers

Board Members and Trustees

NameTitle
Brian MccaffertyPresident
ANDY O'ROURKEVice-president
Benj GuzmanDirector
Brian CareyDirector
Jeff CarruthersDirector
Jim LernerDirector
Jim WheelerDirector
Joanna BerubeDirector
Julienne DeanDirector
Kim JennettDirector
Ky WinbornDirector
Ben ClarkCFO
Sian McalpinSecretary
Greg BielskiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,338
Program Service Revenue
$237,801
Investment Income
$12,927
Other Revenue
$63,259
All Other Contributions
$2,338
Change in Net Assets
$13,498
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$273,775
Salaries, Compensation, and Employee Benefits$29,052
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$119,374$9,583-$128,957
Depreciation Depletion$39,468--$39,468
Other Salaries and Wages$26,428--$26,428
Office Expenses$3,755$17,125-$20,880
Insurance$17,000--$17,000
Other Expenses$6,327--$6,327
Fees for Services Accounting-$3,532-$3,532
Payroll Taxes$2,624--$2,624
Total Functional Expenses$272,587$30,240$0$302,827
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$55,792
Fundraising Direct Expenses$34,966
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Curling Tournaments$55,792$55,792-$55,792
Total Events$55,792$55,792$34,966$20,826
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
Steve Macquarrie
Title
Treasurer
Phone
5083582412
Signed
2019-08-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Macquarrie
Formed
1967
Legal Domicile
Ma
Voting Board Members
14
Independent Board Members
14
Employees
27
Volunteers
300

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/ProgramServiceRevenueGrp/BusinessCd1713990
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES AND AS
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0173237
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt164564
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0173237
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt164564
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02392
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt010886
IRS990/PYOtherExpensesAmt0254008
IRS990/PYOtherRevenueAmt068128
IRS990/PYProgramServiceRevenueAmt0228100
IRS990/PYRevenuesLessExpensesAmt026985
IRS990/PYSalariesCompEmpBnftPaidAmt028513
IRS990/PYTotalExpensesAmt0282521
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0309506
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt013498
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0237801
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0307782
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0328466
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt06000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt06000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt06000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt018000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0175575
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0172325
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0174334
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0165475
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0163150
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0850859
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt077491
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt069051
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt070492
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt057824
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt045271
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0320129
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0156684
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0164929
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0142666
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0167122
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0123601
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0755002
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt077491
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt069051
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt070492
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt057824
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt045271
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0320129
IRS990ScheduleA/InvestmentIncomeCYPct00.16620
IRS990ScheduleA/InvestmentIncomePYPct00.15090
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.82440
IRS990ScheduleA/PublicSupportPY509Pct00.83610
IRS990ScheduleA/PublicSupportTotal509Amt01587861
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt06000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt06000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt06000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt018000
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0332259
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0337254
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0317000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0332597
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0286751
IRS990ScheduleA/Total509Grp/TotalAmt01605861
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0409750
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0406305
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0387492
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0390421
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0332022
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01925990
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt08245
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0244125
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0252370
IRS990ScheduleD/EquipmentGrp/BookValueAmt027845
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0222882
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0250727
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt09334
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt09334
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0322413
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt058672
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0381085
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03299
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt029199
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt032498
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/TotalBookValueLandBuildingsAmt0371136
IRS990ScheduleD/TotalEasementsCnt01
IRS990ScheduleD/WrittenPolicyMonitoringInd00
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt034966
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt034966
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt034966
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0CURLING TOURNAMENTS
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt055792
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt055792
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt055792
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt055792
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt020826
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/TotalAssetsBOYAmt01255205

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