Civic Intelligence

Wakefield Youth Skating Association Inc.

990 • Fiscal year 2022 • EIN 04-3024771

May 01, 2021 to Apr 30, 2022 • Filed on Oct 28, 2022

PO Box 281Wakefield, MA 01880-0681

(781) 246-5749

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$138,053

Flat from 2022

Net Assets

Up

$92,859

Up $23,951 (+35%) from 2022

Liabilities

Down

$45,194

Down $23,951 (-35%) from 2022

Revenue And Expenses

Revenue

Flat

$278,212

Flat from 2022

Expenses

Down

$265,994

Down $23,951 (-8.3%) from 2022

Net Income

Up

$12,218

Up $23,951 (+204%) from 2022

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0-$50KAssets 2012: $125,025Liabilities 2012: $64,722Net Assets 2012: $60,3032012Assets 2013: $133,442Liabilities 2013: $74,448Net Assets 2013: $58,9942013Assets 2014: $105,597Liabilities 2014: $67,443Net Assets 2014: $38,1542014Assets 2015: $133,091Liabilities 2015: $74,538Net Assets 2015: $58,5532015Assets 2016: $191,466Liabilities 2016: $70,011Net Assets 2016: $121,4552016Assets 2017: $115,342Liabilities 2017: $45,900Net Assets 2017: $69,4422017Assets 2018: $128,282Liabilities 2018: $53,280Net Assets 2018: $75,0022018Assets 2019: $134,918Liabilities 2019: $55,427Net Assets 2019: $79,4912019Assets 2020: $113,387Liabilities 2020: $28,308Net Assets 2020: $85,0792020Assets 2021: $146,065Liabilities 2021: $65,424Net Assets 2021: $80,6412021Assets 2022: $138,053Liabilities 2022: $45,194Net Assets 2022: $92,8592022Assets 2022: $138,053Liabilities 2022: $69,145Net Assets 2022: $68,9082022Assets 2023: $94,195Liabilities 2023: $68,371Net Assets 2023: $25,8242023Assets 2024: $72,561Liabilities 2024: $75,088Net Assets 2024: -$2,5272024Assets 2025: $91,211Liabilities 2025: $71,495Net Assets 2025: $19,7162025

Highlighted filing

2022

Assets$138,053
Liabilities$45,194
Net Assets$92,859

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2012: $286,426Expenses 2012: $277,026Net Income 2012: $9,4002012Revenue 2013: $273,319Expenses 2013: $274,628Net Income 2013: -$1,3092013Revenue 2014: $276,229Expenses 2014: $297,069Net Income 2014: -$20,8402014Revenue 2015: $338,348Expenses 2015: $317,949Net Income 2015: $20,3992015Revenue 2016: $411,095Expenses 2016: $348,193Net Income 2016: $62,9022016Revenue 2017: $356,040Expenses 2017: $348,803Net Income 2017: $7,2372017Revenue 2018: $338,881Expenses 2018: $333,321Net Income 2018: $5,5602018Revenue 2019: $334,530Expenses 2019: $330,041Net Income 2019: $4,4892019Revenue 2020: $308,158Expenses 2020: $302,570Net Income 2020: $5,5882020Revenue 2021: $259,389Expenses 2021: $263,827Net Income 2021: -$4,4382021Revenue 2022: $278,212Expenses 2022: $265,994Net Income 2022: $12,2182022Revenue 2022: $278,212Expenses 2022: $289,945Net Income 2022: -$11,7332022Revenue 2023: $293,461Expenses 2023: $336,545Net Income 2023: -$43,0842023Revenue 2024: $315,181Expenses 2024: $343,532Net Income 2024: -$28,3512024Revenue 2025: $391,166Expenses 2025: $368,923Net Income 2025: $22,2432025

Highlighted filing

2022

Revenue$278,212
Expenses$265,994
Net Income$12,218
Jump To
Filing Snapshot
Filing Period
May 1, 2021 to Apr 30, 2022
Signed
Oct 28, 2022
Return Version
2021v4.0
Gross Receipts
$289,590
Mission and Program Overview

Mission

The mission of the wakefield youth skating association inc. Shall be to implant firmly in the youth of the community, both boys and girls, the ideals of good sportsmanship and strengthening of self-esteem, while attaining quality athletic skills for the safe and healthy execution of ice sports.

To promote the playing of hockey in the town of wakefield by establishing a youth hockey program for wakefield youths and providing proper adult supervision and coaching for said program.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$81,223$73,499▼ $7,724
Savings and Temporary Cash Investments$64,547$64,554▲ $7
Prepaid Expenses and Deferred Charges$295--
Total Assets$146,065$138,053▼ $8,012
Liabilities
Deferred Revenue$60,725$40,899▼ $19,826
Accounts Payable and Accrued Expenses$4,699$4,295▼ $404
Total Liabilities$65,424$45,194▼ $20,230
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$80,641$92,859▲ $12,218
Total Net Assets Fund Balance$80,641$92,859▲ $12,218
Total Liabilities and Net Assets / Fund Balance$146,065$138,053▼ $8,012
Compensation and Service Providers

Board Members and Trustees

NameTitle
Brian CaseyPresident/ac
Adam KrassDirector
Bill WelchDirector
Chris DefeoDirector
Eileen ColleranDirector
Eric HubertDirector
Jeff TimminsDirector
Lindsey RoccoDirector
Michael MorelDirector
Michelle KelleyDirector
Ryan BurnsDirector
Sean GuilfoyDirector
Steve BoudreauDirector
Liam McdonnellSecretary
Rick MorrisVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$274,985
Investment Income
$6
Other Revenue
$3,221
Change in Net Assets
$12,218
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$265,994
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$6,349$1,207-$7,556
Other Expenses$5,658$57-$5,715
Fees for Services Accounting-$4,500-$4,500
Total Functional Expenses$260,230$5,764$0$265,994
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$14,599
Gaming Direct Expenses$11,378
Professional Fundraising Fees$0
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
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The organization's members are comprised of all wakefield youth skating association players, coaches, managers and parents/guardians. There are three classes of membership: youth (players), active, and associates. Youth members are players in the association and may not hold a board position and have no voting privileges. Active members shall be any person eighteen (18) years of age or older, who subscribe to the charitable purpose and policies of the association and are either a parent or guardian of a youth in the program or serve in some official capacity in the organization, such as a coach or a director. Active members may hold office and shall have voting privileges. Associate members are those people who, with the approval of the board may participate and contribute to the program. The associate members may hold a board position and shall have voting privileges.

Form 990, Page 6, Part VI, Line 7A

The board of directors shall govern the members of the wakefield youth skating association inc. The board of directors shall consist of a president, vice president, appointed treasurer, secretary, immediate past president,coaching coordinator, appointed district 10 and league representatives, and directors of the following programs: instructional mite, mite, squirtpee wee, bantam, midget, girls and clinic (if programs exist at those levels). The officers of the board include the president, vice president, treasurer and secretary. The board shall have control of the property and management of the organization. Funds of the organization shall be withdrawn from the bank or banks with which they are on deposit by the signature of the duly elected treasurer or his alternate as designated by the board of directors.

Form 990, Page 6, Part VI, Line 7B

A majority vote of those voting members (active and associate only) present at such meetings shall govern except when otherwise especially provided by bylaw or policy.

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

The treasurer of the board of directors reviews the form 990 before it is filed.

Form 990, Page 6, Part VI, Line 12C

The board requires all members to disclose annually any potential conflicts and takes appropriate action when necessary.

Form 990, Page 6, Part VI, Line 19

The governing documents and policies of the organization are available on their website or upon request. Their financial statements are available at guidestar.org or upon request.

Filing and Contact Details

Filer

Filer Name
Wakefield Youth Skating Association
EIN
04-3024771
Phone
7812465749
Address
PO BOX 281, WAKEFIELD, MA 01880-0681

Signing Officer

Name
Brian Casey
Title
President/actgtreas
Phone
7812465749
Signed
2022-10-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian Casey
Formed
1998
Legal Domicile
Ma
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
60

Preparer

Firm
Ruane & Company Llp
Address
105 CENTRAL STREET SUITE 1200, STONEHAM, MA 02180
Preparer
Thomas M Ruane CPA
Phone
7816430090
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of the wakefield youth skating association inc. Shall be to implant firmly in the youth of the community, both boys and girls, the ideals of good sportsmanship and strengthening of self-esteem, while attaining quality athletic skills for the safe and healthy execution of ice sports.

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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt06764
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt09087
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt017211
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt015
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0270903
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0310025
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0333236
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IRS990ScheduleA/InvestmentIncomePYPct00.00000
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0340015
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01555726
IRS990/ScheduleBRequiredInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF THE WAKEFIELD YOUTH SKATING ASSOCIATION INC. SHALL BE TO IMPLANT FIRMLY IN THE YOUTH OF THE COMMUNITY, BOTH BOYS AND GIRLS, THE IDEALS OF GOOD SPORTSMANSHIP AND STRENGTHENING OF SELF-ESTEEM, WHILE ATTAINING QUALITY ATHLETIC SKILLS FOR THE SAFE AND HEALTHY EXECUTION OF ICE SPORTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S MEMBERS ARE COMPRISED OF ALL WAKEFIELD YOUTH SKATING ASSOCIATION PLAYERS, COACHES, MANAGERS AND PARENTS/GUARDIANS. THERE ARE THREE CLASSES OF MEMBERSHIP: YOUTH (PLAYERS), ACTIVE, AND ASSOCIATES. YOUTH MEMBERS ARE PLAYERS IN THE ASSOCIATION AND MAY NOT HOLD A BOARD POSITION AND HAVE NO VOTING PRIVILEGES. ACTIVE MEMBERS SHALL BE ANY PERSON EIGHTEEN (18) YEARS OF AGE OR OLDER, WHO SUBSCRIBE TO THE CHARITABLE PURPOSE AND POLICIES OF THE ASSOCIATION AND ARE EITHER A PARENT OR GUARDIAN OF A YOUTH IN THE PROGRAM OR SERVE IN SOME OFFICIAL CAPACITY IN THE ORGANIZATION, SUCH AS A COACH OR A DIRECTOR. ACTIVE MEMBERS MAY HOLD OFFICE AND SHALL HAVE VOTING PRIVILEGES. ASSOCIATE MEMBERS ARE THOSE PEOPLE WHO, WITH THE APPROVAL OF THE BOARD MAY PARTICIPATE AND CONTRIBUTE TO THE PROGRAM. THE ASSOCIATE MEMBERS MAY HOLD A BOARD POSITION AND SHALL HAVE VOTING PRIVILEGES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS SHALL GOVERN THE MEMBERS OF THE WAKEFIELD YOUTH SKATING ASSOCIATION INC. THE BOARD OF DIRECTORS SHALL CONSIST OF A PRESIDENT, VICE PRESIDENT, APPOINTED TREASURER, SECRETARY, IMMEDIATE PAST PRESIDENT,COACHING COORDINATOR, APPOINTED DISTRICT 10 AND LEAGUE REPRESENTATIVES, AND DIRECTORS OF THE FOLLOWING PROGRAMS: INSTRUCTIONAL MITE, MITE, SQUIRTPEE WEE, BANTAM, MIDGET, GIRLS AND CLINIC (IF PROGRAMS EXIST AT THOSE LEVELS). THE OFFICERS OF THE BOARD INCLUDE THE PRESIDENT, VICE PRESIDENT, TREASURER AND SECRETARY. THE BOARD SHALL HAVE CONTROL OF THE PROPERTY AND MANAGEMENT OF THE ORGANIZATION. FUNDS OF THE ORGANIZATION SHALL BE WITHDRAWN FROM THE BANK OR BANKS WITH WHICH THEY ARE ON DEPOSIT BY THE SIGNATURE OF THE DULY ELECTED TREASURER OR HIS ALTERNATE AS DESIGNATED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A MAJORITY VOTE OF THOSE VOTING MEMBERS (ACTIVE AND ASSOCIATE ONLY) PRESENT AT SUCH MEETINGS SHALL GOVERN EXCEPT WHEN OTHERWISE ESPECIALLY PROVIDED BY BYLAW OR POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE TREASURER OF THE BOARD OF DIRECTORS REVIEWS THE FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD REQUIRES ALL MEMBERS TO DISCLOSE ANNUALLY ANY POTENTIAL CONFLICTS AND TAKES APPROPRIATE ACTION WHEN NECESSARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE GOVERNING DOCUMENTS AND POLICIES OF THE ORGANIZATION ARE AVAILABLE ON THEIR WEBSITE OR UPON REQUEST. THEIR FINANCIAL STATEMENTS ARE AVAILABLE AT GUIDESTAR.ORG OR UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
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IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0146065
IRS990/TotalAssetsEOYAmt0138053
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IRS990/TotalAssetsGrp/EOYAmt0138053
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IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt05764
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0260230
IRS990/TotalFunctionalExpensesGrp/TotalAmt0265994
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt065424
IRS990/TotalLiabilitiesEOYAmt045194
IRS990/TotalLiabilitiesGrp/BOYAmt065424
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0278212
IRS990/TotalVolunteersCnt060
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0146065
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 281
IRS990/USAddress/CityNm0WAKEFIELD
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001880
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt015
IRS990/WebsiteAddressTxt0WWW.WYSA.NET
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BRIAN CASEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/ACTGTREAS
ReturnHeader/BusinessOfficerGrp/PhoneNum07812465749
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-10-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WAKEFIELD YOUTH SKATING ASSOCIATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INC
ReturnHeader/Filer/BusinessNameControlTxt0WAKE
ReturnHeader/Filer/EIN0043024771
ReturnHeader/Filer/PhoneNum07812465749
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ReturnHeader/Filer/USAddress/CityNm0WAKEFIELD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd0018800681
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0320344584
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RUANE & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0105 CENTRAL STREET SUITE 1200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0STONEHAM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002180
ReturnHeader/PreparerPersonGrp/PhoneNum07816430090
ReturnHeader/PreparerPersonGrp/PreparationDt02022-10-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS M RUANE CPA
ReturnHeader/ReturnTs02022-10-28T15:47:28-04:00

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.$0.91$0.71$0.20$3.91$3.69$0.22
2024Detailed filing. Detailed filing data is available for this year.$0.73$0.75$0.03$3.15$3.44$0.28
2023Detailed filing. Detailed filing data is available for this year.$0.94$0.68$0.26$2.93$3.37$0.43
2022Detailed filing. Detailed filing data is available for this year.$1.38$0.45$0.93$2.78$2.66$0.12
2022Detailed filing. Detailed filing data is available for this year.$1.38$0.69$0.69$2.78$2.90$0.12
2021Detailed filing. Detailed filing data is available for this year.$1.46$0.65$0.81$2.59$2.64$0.04
2020Detailed filing. Detailed filing data is available for this year.$1.13$0.28$0.85$3.08$3.03$0.06
2019Detailed filing. Detailed filing data is available for this year.$1.35$0.55$0.79$3.35$3.30$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.28$0.53$0.75$3.39$3.33$0.06
2017Detailed filing. Detailed filing data is available for this year.$1.15$0.46$0.69$3.56$3.49$0.07
2016Detailed filing. Detailed filing data is available for this year.$1.91$0.70$1.21$4.11$3.48$0.63
2015Detailed filing. Detailed filing data is available for this year.$1.33$0.75$0.59$3.38$3.18$0.20
2014Detailed filing. Detailed filing data is available for this year.$1.06$0.67$0.38$2.76$2.97$0.21
2013Summary only. Only limited summary data is available for this year.$1.33$0.74$0.59$2.73$2.75$0.01
2012Summary only. Only limited summary data is available for this year.$1.25$0.65$0.60$2.86$2.77$0.09