Civic Intelligence

Broomstones Inc

990 • Fiscal year 2020 • EIN 04-2435148

Jun 01, 2019 to May 31, 2020 • Filed on Sep 02, 2021

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

28th percentile

0.01x

Higher debt load relative to assets than 28% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

35th percentile

0.06x

Higher debt load relative to revenue than 35% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

67th percentile

15%

Higher net margin than 67% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

49th percentile

5.3%

Faster asset growth than 49% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

43rd percentile

-2.4%

Faster revenue growth than 43% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,455,657

Up $73,329 (+5.3%) from 2019

Net Assets

Up

$1,435,078

Up $68,235 (+5.0%) from 2019

Liabilities

Up

$20,579

Up $5,094 (+33%) from 2019

Revenue

Down

$359,180

Down $8,898 (-2.4%) from 2019

Expenses

Down

$305,403

Down $29,627 (-8.8%) from 2019

Net Income

Up

$53,777

Up $20,729 (+63%) from 2019

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

2020

Assets$1,455,657
Liabilities$20,579
Net Assets$1,435,078

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

2020

Revenue$359,180
Expenses$305,403
Net Income$53,777
Jump To
Filing Snapshot
Filing Period
Jun 1, 2019 to May 31, 2020
Signed
Sep 2, 2021
Return Version
2019v5.2
Gross Receipts
$431,286
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$989,989$968,419▼ $21,570
Land, Buildings, and Equipment, Net$365,383$441,928▲ $76,545
Cash and Non-Interest-Bearing Accounts$5,059$31,215▲ $26,156
Savings and Temporary Cash Investments$18,117--
Inventories for Sale or Use$3,780$14,095▲ $10,315
Total Assets$1,382,328$1,455,657▲ $73,329
Liabilities
Accounts Payable and Accrued Expenses$15,485$20,579▲ $5,094
Total Liabilities$15,485$20,579▲ $5,094
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,366,843$1,435,078▲ $68,235
Total Net Assets Fund Balance$1,366,843$1,435,078▲ $68,235
Total Liabilities and Net Assets / Fund Balance$1,382,328$1,455,657▲ $73,329

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$290,415$97,275$387,690
Equipment$133,241$235,267$368,508
Buildings$7,620$244,749$252,369
Other Land Buildings$1,318$31,180$32,498
Land$9,334-$9,334
Compensation and Service Providers

Board Members and Trustees

NameTitle
Nancy JennettPresident
Shelly DropkinVice-president
Alex LeichterDirector
BRIGID O'CONNORDirector
Dick DawsonDirector
Jennifer TschumakowDirector
Lauren RichardDirector
MICHAEL O'NEILLDirector
Scott McleodDirector
Todd KayDirector
Victor LeeDirector
Ben ClarkCFO
KAREN O'NEILLSecretary
David MckayTreasruer
Revenue and Support

Revenue Composition

Contributions and Grants
$7,298
Program Service Revenue
$232,579
Investment Income
$23,972
Other Revenue
$95,331
All Other Contributions
$7,298
Change in Net Assets
$53,777
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$270,513
Salaries, Compensation, and Employee Benefits$34,890
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$99,812$6,374-$106,186
Other Salaries and Wages$31,664--$31,664
Office Expenses$6,170$24,647-$30,817
Depreciation Depletion$26,649--$26,649
Insurance$16,793--$16,793
Fees for Services Accounting-$8,456-$8,456
Other Expenses$4,913--$4,913
Payroll Taxes$3,226--$3,226
All Other Expenses$3,012--$3,012
Total Functional Expenses$265,926$39,477$0$305,403
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$50,096
Fundraising Direct Expenses$23,482
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Curling Tournaments$50,096$50,096-$50,096
Total Events$50,096$50,096$23,482$26,614
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
Yes
Business relationship with 35% controlled entity
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

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
David Mckay
Title
Treasurer
Phone
5083582412
Signed
2021-09-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Mckay
Formed
1967
Legal Domicile
Ma
Voting Board Members
14
Independent Board Members
14
Employees
30
Volunteers
300

Preparer

Firm
O'BRIEN RILEY & RYAN PC
Address
30 BRAINTREE HILL OFFICE PARK, BRAINTREE, MA 02184
Preparer
William Mortimer
Phone
7814102300
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 all 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 requrid by this topic, the orrganziation 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/PayrollTaxesGrp/ProgramServicesAmt03226
IRS990/PayrollTaxesGrp/TotalAmt03226
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DAVID MCKAY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0713990
IRS990/ProgramServiceRevenueGrp/BusinessCd1713990
IRS990/ProgramServiceRevenueGrp/BusinessCd2713990
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc2OTHER INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0187115
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt145273
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2191
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0187115
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt145273
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2191
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01825
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt015413
IRS990/PYOtherExpensesAmt0301860
IRS990/PYOtherRevenueAmt076011
IRS990/PYProgramServiceRevenueAmt0274829
IRS990/PYRevenuesLessExpensesAmt033048
IRS990/PYSalariesCompEmpBnftPaidAmt033170
IRS990/PYTotalExpensesAmt0335030
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0368078
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt053777
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0298284
IRS990/SavingsAndTempCashInvstGrp/BOYAmt018117
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt06000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt06000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0192033
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0186897
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0175575
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0172325
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0174334
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0901164
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt038445
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt035182
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt077491
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt069051
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt070492
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0290661
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0139695
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0165768
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0156684
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0164929
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0142666
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0769742
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt038445
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt035182
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt077491
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt069051
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt070492
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0290661
IRS990ScheduleA/InvestmentIncomeCYPct00.14820
IRS990ScheduleA/InvestmentIncomePYPct00.15640
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.84880
IRS990ScheduleA/PublicSupportPY509Pct00.83750
IRS990ScheduleA/PublicSupportTotal509Amt01664906
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt06000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt06000
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0331728
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0352665
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0332259
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0337254
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0317000
IRS990ScheduleA/Total509Grp/TotalAmt01670906
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0370173
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0387847
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0409750
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0406305
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0387492
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01961567
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt07620
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0244749
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0252369
IRS990ScheduleD/EquipmentGrp/BookValueAmt0133241
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0235267
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0368508
IRS990ScheduleD/LandGrp/BookValueAmt09334
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt09334
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0290415
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt097275
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0387690
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01318
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt031180
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt032498
IRS990ScheduleD/PreservationPublicUseInd0X
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THERE IS A CONSERVATION EASEMENT ON APPROXIMATELY SIX ACRES OF REAL ESTATE OWNED BY THE ORGANIZATION TO ALL 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 REQURID BY THIS TOPIC, THE ORRGANZIATION 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/TotalBookValueLandBuildingsAmt0441928
IRS990ScheduleD/TotalEasementsCnt01
IRS990ScheduleD/WrittenPolicyMonitoringInd00
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt023482
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt023482
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt023482
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0CURLING TOURNAMENTS
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt050096
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt050096
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt050096
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt050096
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt026614
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/ExplanationTxt1UPON 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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00

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