Civic Intelligence

The Colonial Figure Skating Club

EIN 04-2592764 • 501(c)3 • West Acton, MA

Profile

To encourage & foster national & international amateur figure skating competition in compulsory figures, free skating, pair skating, dancing, precision & any other type of figure skating; to encourage the instruction, practice & advancement of members in national & international figure skating competition of all types & kind; to carry out the general policies of the united states figure skating association.

PO Box 517West Acton, MA 01720

www.colonialfsc.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

93rd percentile

0.95x

Higher debt load relative to assets than 93% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

68th percentile

0.22x

Higher debt load relative to revenue than 68% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

28th percentile

-5.4%

Higher net margin than 28% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

58th percentile

$80,000

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 5.3% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

10th percentile

-19%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

64th percentile

17%

Faster revenue growth than 64% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$345,342

Down $83,199 (-19%) from 2023

Liabilities

Down

$329,246

Down $1,895 (-0.6%) from 2023

Net Assets

Down

$16,096

Down $81,304 (-83%) from 2023

Revenue

Up

$1,499,183

Up $221,108 (+17%) from 2023

Expenses

Up

$1,580,418

Up $274,744 (+21%) from 2023

Net Income

Down

-$81,235

Down $53,636 (-194%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2011: $225,944Liabilities 2011: $111,556Net Assets 2011: $114,3882011Assets 2012: $242,275Liabilities 2012: $91,301Net Assets 2012: $150,9742012Assets 2013: $341,955Liabilities 2013: $80,952Net Assets 2013: $261,0032013Assets 2014: $442,258Liabilities 2014: $150,554Net Assets 2014: $291,7042014Assets 2015: $460,188Liabilities 2015: $115,334Net Assets 2015: $344,8542015Assets 2016: $592,035Liabilities 2016: $80,760Net Assets 2016: $511,2752016Assets 2017: $702,834Liabilities 2017: $109,506Net Assets 2017: $593,3282017Assets 2018: $703,660Liabilities 2018: $101,332Net Assets 2018: $602,3282018Assets 2019: $722,423Liabilities 2019: $99,481Net Assets 2019: $622,9422019Assets 2020: $554,661Liabilities 2020: $97,608Net Assets 2020: $457,0532020Assets 2021: $575,299Liabilities 2021: $388,891Net Assets 2021: $186,4082021Assets 2022: $330,025Liabilities 2022: $207,237Net Assets 2022: $122,7882022Assets 2023: $428,541Liabilities 2023: $331,141Net Assets 2023: $97,4002023Assets 2024: $345,342Liabilities 2024: $329,246Net Assets 2024: $16,0962024

Highlighted filing

2024

Assets$345,342
Liabilities$329,246
Net Assets$16,096

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $1,100,797Expenses 2011: $1,250,813Net Income 2011: -$150,0162011Revenue 2012: $1,266,065Expenses 2012: $1,229,479Net Income 2012: $36,5862012Revenue 2013: $1,348,969Expenses 2013: $1,238,940Net Income 2013: $110,0292013Revenue 2014: $1,338,044Expenses 2014: $1,341,611Net Income 2014: -$3,5672014Revenue 2015: $1,479,697Expenses 2015: $1,426,439Net Income 2015: $53,2582015Revenue 2016: $1,546,692Expenses 2016: $1,380,271Net Income 2016: $166,4212016Revenue 2017: $1,435,980Expenses 2017: $1,353,288Net Income 2017: $82,6922017Revenue 2018: $1,524,540Expenses 2018: $1,515,540Net Income 2018: $9,0002018Revenue 2019: $1,662,018Expenses 2019: $1,641,404Net Income 2019: $20,6142019Revenue 2020: $807,668Expenses 2020: $973,557Net Income 2020: -$165,8892020Revenue 2021: $674,728Expenses 2021: $945,723Net Income 2021: -$270,9952021Revenue 2022: $975,732Expenses 2022: $1,093,685Net Income 2022: -$117,9532022Revenue 2023: $1,278,075Expenses 2023: $1,305,674Net Income 2023: -$27,5992023Revenue 2024: $1,499,183Expenses 2024: $1,580,418Net Income 2024: -$81,2352024

Highlighted filing

2024

Revenue$1,499,183
Expenses$1,580,418
Net Income-$81,235

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.35$0.33$0.02$1.50$1.58$0.08
2023Detailed filing. Detailed filing data is available for this year.$0.43$0.33$0.10$1.28$1.31$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.33$0.21$0.12$0.98$1.09$0.12
2021Detailed filing. Detailed filing data is available for this year.$0.58$0.39$0.19$0.67$0.95$0.27
2020Detailed filing. Detailed filing data is available for this year.$0.55$0.10$0.46$0.81$0.97$0.17
2019Detailed filing. Detailed filing data is available for this year.$0.72$0.10$0.62$1.66$1.64$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.70$0.10$0.60$1.52$1.52$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.70$0.11$0.59$1.44$1.35$0.08
2016Detailed filing. Detailed filing data is available for this year.$0.59$0.08$0.51$1.55$1.38$0.17
2015Detailed filing. Detailed filing data is available for this year.$0.46$0.12$0.34$1.48$1.43$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.44$0.15$0.29$1.34$1.34$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.34$0.08$0.26$1.35$1.24$0.11
2012Summary only. Only limited summary data is available for this year.$0.24$0.09$0.15$1.27$1.23$0.04
2011Summary only. Only limited summary data is available for this year.$0.23$0.11$0.11$1.10$1.25$0.15
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Oct 31, 2024
Return Version
2023v6.0
Gross Receipts
$1,499,183
Mission and Program Overview

Mission

To encourage & foster national & international amateur figure skating competition in compulsory figures, free skating, pair skating, dancing, precision & any other type of figure skating; to encourage the instruction, practice & advancement of members in national & international figure skating competition of all types & kind; to carry out the general policies of the united states figure skating association.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$306,933$212,389▼ $94,544
Land, Buildings, and Equipment, Net$46,630$42,390▼ $4,240
Accounts Receivable$48,681$38,700▼ $9,981
Savings and Temporary Cash Investments$26,297$27,451▲ $1,154
Prepaid Expenses and Deferred Charges-$23,651-
Total Assets$428,541$345,342▼ $83,199
Other Assets Total-$761-
Liabilities
Deferred Revenue$72,939$114,053▲ $41,114
Unsecured Notes Loans Payable$93,340$93,340→ $0
Other Liabilities$14,197$79,596▲ $65,399
Accounts Payable and Accrued Expenses$150,665$42,257▼ $108,408
Total Liabilities$331,141$329,246▼ $1,895
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$97,400$16,096▼ $81,304
Total Net Assets Fund Balance$97,400$16,096▼ $81,304
Total Liabilities and Net Assets / Fund Balance$428,541$345,342▼ $83,199

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$42,390$104,979$147,369
Compensation and Service Providers

Employees

NameTitleBaseTotal
Patricia FlanaganOther Former$80,000$80,000
Patricia FlanaganOther Former Officer$80,000$80,000

Board Members and Trustees

NameTitle
Colleen BakerPresident
Connie BartonDirector
Jentina MitchellDirector
Jill GreeneDirector
Ketki HatleDirector
Elisabeth GodekClerk
Stephanie BeckwithTreasurer
Amy AllenVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$67,920
Program Service Revenue
$1,430,081
Investment Income
$1,182
Other Revenue
$0
Change in Net Assets
$-81,235

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,499,183
Total Revenue per Audited Statements
$1,499,183
Total Revenue per Form 990
$1,499,183
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,167,512
Salaries, Compensation, and Employee Benefits$412,906
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$156,721$142,394-$299,115
All Other Expenses$178,640$14,699-$193,339
Travel$87,630--$87,630
Comp Disqual Persons-$80,000-$80,000
Payroll Taxes-$33,791-$33,791
Other Expenses$33,590--$33,590
Fees for Services Accounting-$25,000-$25,000
Office Expenses$18,013$6,379-$24,392
Occupancy$4,465$4,822-$9,287
Insurance-$8,972-$8,972
Fees for Services Other-$5,990-$5,990
Interest$341$4,943-$5,284
Depreciation Depletion-$4,240-$4,240
Fees for Services Legal-$2,392-$2,392
Advertising$428--$428
Total Functional Expenses$1,246,796$333,622$0$1,580,418

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,580,418
Total Expenses per Audited Statements$1,580,418
Total Expenses per Form 990$1,580,418
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$33,762
Credit Cards Payable$31,425
Payroll Liabilities$10,437
Lease Liabilities$3,972
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
No
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI

Form 990, part vi, section a, line 8b the organization will review its policies on meeting minutes form 990, part vi, section b, line 11b a draft of form 990 was provided to the organization's governing body before it was filed. Form 990, part vi, section b, line 15 comparable data was considered

Form 990, Page 6, Part VI, Line 11B

Form 990, part vi, section b, line 11b a draft of the form 990 was provided to the organization's governing body before it was filed.

Form 990, Page 6, Part VI, Line 19

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

Filing and Contact Details

Filer

Filer Name
The Colonial Figure Skating Club
EIN
04-2592764
Phone
9782633450
Address
PO BOX 517, WEST ACTON, MA 01720

Signing Officer

Name
Colleen Baker
Title
President
Phone
9782633450
Signed
2024-10-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Colleen Baker
Formed
1972
Legal Domicile
Ma
Voting Board Members
8
Independent Board Members
8
Employees
36
Volunteers
297

Preparer

Firm
Stowbrook Business Services LLC
Address
636 GREAT RD, STOW, MA 01775
Preparer
Ruslan Burshteyn
Phone
9788974632
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To encourage & foster national & international amateur figure skating competition in compulsory figures, free skating, pair skating, dancing, precision & any other type of figure skating; to encourage the instruction, practice & advancement of members in national & international figure skating competition of all types & kind; to carry out the general policies of the united states figure skating association.

Form 990, Part III

Form 990, part iii, line 1 description of organization mission: international figure skating competition of all types & kinds; to carry out the general policies of the united states figure skating association. Form 990, part iii, line 4d, other program services expenses 59,550 including grants of 0 revenue 59,335

Form 990, Page 2, Part III, Line 4D

OTHER MISCELLANEOUS

Form 990, Part IX, Line 24E

Competition/registration 31,621 0 0 usfsa memberships 25,231 0 0 hospitality 24,294 0 0 gifts, awards, comp gifts 20,917 30 0 in-kind members donated 19,980 0 0 medical services 14,931 0 0 dues & subscriptions 21 14,359 0 awards, medals, pins 13,985 0 0 credit card & bank fees 12,834 310 0 coaches expense 5,664 0 0 music & announcer 3,274 0 0 guest skater fees 2,500 0 0 supplies & makeup & props 2,055 0 0 charitable funds 1,550 0 0 raffle expenses 134 0 0 miscellaneous -351 0 0 total 178,640 14,699 0

Form 990, Part XI

Form 990, part xi, line 8 prior year true up variance.

Form 990, Part XII

No change in process from the prior years

Raw XML AppendixShowing 400 of 451 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO ENCOURAGE & FOSTER NATIONAL & INTERNATIONAL AMATEUR FIGURE SKATING COMPETITION IN COMPULSORY FIGURES, FREE SKATING, PAIR SKATING, DANCING, PRECISION & ANY OTHER TYPE OF FIGURE SKATING; TO ENCOURAGE THE INSTRUCTION, PRACTICE & ADVANCEMENT OF MEMBERS IN NATIONAL & INTERNATIONAL FIGURE SKATING COMPETITION OF ALL TYPES & KIND; TO CARRY OUT THE GENERAL POLICIES OF THE UNITED STATES FIGURE SKATING ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990, PART III, LINE 1 DESCRIPTION OF ORGANIZATION MISSION: INTERNATIONAL FIGURE SKATING COMPETITION OF ALL TYPES & KINDS; TO CARRY OUT THE GENERAL POLICIES OF THE UNITED STATES FIGURE SKATING ASSOCIATION. FORM 990, PART III, LINE 4D, OTHER PROGRAM SERVICES EXPENSES 59,550 INCLUDING GRANTS OF 0 REVENUE 59,335
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OTHER MISCELLANEOUS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION WILL REVIEW ITS POLICIES ON MEETING MINUTES FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF FORM 990 WAS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY BEFORE IT WAS FILED. FORM 990, PART VI, SECTION B, LINE 15 COMPARABLE DATA WAS CONSIDERED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 WAS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY BEFORE IT WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6COMPETITION/REGISTRATION 31,621 0 0 USFSA MEMBERSHIPS 25,231 0 0 HOSPITALITY 24,294 0 0 GIFTS, AWARDS, COMP GIFTS 20,917 30 0 IN-KIND MEMBERS DONATED 19,980 0 0 MEDICAL SERVICES 14,931 0 0 DUES & SUBSCRIPTIONS 21 14,359 0 AWARDS, MEDALS, PINS 13,985 0 0 CREDIT CARD & BANK FEES 12,834 310 0 COACHES EXPENSE 5,664 0 0 MUSIC & ANNOUNCER 3,274 0 0 GUEST SKATER FEES 2,500 0 0 SUPPLIES & MAKEUP & PROPS 2,055 0 0 CHARITABLE FUNDS 1,550 0 0 RAFFLE EXPENSES 134 0 0 MISCELLANEOUS -351 0 0 TOTAL 178,640 14,699 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7FORM 990, PART XI, LINE 8 PRIOR YEAR TRUE UP VARIANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8NO CHANGE IN PROCESS FROM THE PRIOR YEARS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XII
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