Civic Intelligence

North Reading Skating Association

EIN 04-3523562 • 501(c)3 • North Reading, MA

Profile

Skating instructions and team sportsmenship

PO Box 121North Reading, MA 01864

www.nrsa.net

Siviq Scores

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

Liabilities / Assets

89th percentile

0.57x

Higher debt load relative to assets than 89% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

94th percentile

0.88x

Higher debt load relative to revenue than 94% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

23rd percentile

-20%

Higher net margin than 23% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

78th percentile

25%

Faster asset growth than 78% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

29th percentile

-27%

Faster revenue growth than 29% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$192,823

Up $38,115 (+25%) from 2022

Liabilities

Up

$109,153

Up $63,178 (+137%) from 2022

Net Assets

Down

$83,670

Down $25,063 (-23%) from 2022

Revenue

Down

$124,419

Down $44,863 (-27%) from 2022

Expenses

Up

$149,482

Up $22,698 (+18%) from 2022

Net Income

Down

-$25,063

Down $67,561 (-159%) from 2022

Trend Graphs

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2010: $35,334Liabilities 2010: $26,890Net Assets 2010: $8,4442010Assets 2011: $78,791Liabilities 2011: $43,182Net Assets 2011: $35,6092011Assets 2012: $57,672Liabilities 2012: $19,652Net Assets 2012: $38,0202012Assets 2013: $41,124Liabilities 2013: $5,300Net Assets 2013: $35,8242013Assets 2014: $51,240Liabilities 2014: $11,530Net Assets 2014: $39,7102014Assets 2015: $80,100Liabilities 2015: $20,275Net Assets 2015: $59,8252015Assets 2016: $115,010Liabilities 2016: $27,350Net Assets 2016: $87,6602016Assets 2017: $145,115Liabilities 2017: $13,000Net Assets 2017: $132,1152017Assets 2018: $76,352Liabilities 2018: $14,625Net Assets 2018: $61,7272018Assets 2019: $78,981Liabilities 2019: $19,430Net Assets 2019: $59,5512019Assets 2020: $63,638Liabilities 2020: $12,722Net Assets 2020: $50,9162020Assets 2021: $131,315Liabilities 2021: $65,080Net Assets 2021: $66,2352021Assets 2022: $154,708Liabilities 2022: $45,975Net Assets 2022: $108,7332022Assets 2023: $192,823Liabilities 2023: $109,153Net Assets 2023: $83,6702023

Highlighted filing

2023

Assets$192,823
Liabilities$109,153
Net Assets$83,670

Operations Trend

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

$300K$200K$100K$0-$100KExpenses 2010: $215,0792010Revenue 2011: $207,117Expenses 2011: $191,429Net Income 2011: $15,6882011Expenses 2012: $181,5772012Revenue 2013: $166,613Expenses 2013: $168,808Net Income 2013: -$2,1952013Revenue 2014: $151,314Expenses 2014: $147,428Net Income 2014: $3,8862014Revenue 2015: $157,876Expenses 2015: $137,761Net Income 2015: $20,1152015Revenue 2016: $174,458Expenses 2016: $146,623Net Income 2016: $27,8352016Revenue 2017: $204,117Expenses 2017: $159,662Net Income 2017: $44,4552017Revenue 2018: $152,014Expenses 2018: $222,402Net Income 2018: -$70,3882018Revenue 2019: $182,320Expenses 2019: $184,496Net Income 2019: -$2,1762019Revenue 2020: $171,230Expenses 2020: $179,865Net Income 2020: -$8,6352020Revenue 2021: $147,179Expenses 2021: $131,860Net Income 2021: $15,3192021Revenue 2022: $169,282Expenses 2022: $126,784Net Income 2022: $42,4982022Revenue 2023: $124,419Expenses 2023: $149,482Net Income 2023: -$25,0632023

Highlighted filing

2023

Revenue$124,419
Expenses$149,482
Net Income-$25,063

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$1.93$1.09$0.84$1.24$1.49$0.25
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.55$0.46$1.09$1.69$1.27$0.42
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.31$0.65$0.66$1.47$1.32$0.15
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.64$0.13$0.51$1.71$1.80$0.09
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.79$0.19$0.60$1.82$1.84$0.02
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.76$0.15$0.62$1.52$2.22$0.70
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.45$0.13$1.32$2.04$1.60$0.44
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.15$0.27$0.88$1.74$1.47$0.28
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.80$0.20$0.60$1.58$1.38$0.20
2014Detailed filing. Detailed filing data is available for this year.$0.51$0.12$0.40$1.51$1.47$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.41$0.05$0.36$1.67$1.69$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.58$0.20$0.38$1.82
2011Summary only. Only limited summary data is available for this year.$0.79$0.43$0.36$2.07$1.91$0.16
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.35$0.27$0.08$2.15
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Oct 15, 2023
Return Version
2022v5.0
Gross Receipts
$124,419
Mission and Program Overview

Mission

Skating instructions and team sportsmenship

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$46,968$84,803▲ $37,835
Savings and Temporary Cash Investments$77,360$77,640▲ $280
Pledges and Grants Receivable$30,380$30,380→ $0
Total Assets$154,708$192,823▲ $38,115
Liabilities
Accounts Payable and Accrued Expenses$4,900$55,309▲ $50,409
Deferred Revenue$41,075$53,844▲ $12,769
Total Liabilities$45,975$109,153▲ $63,178
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$108,733$83,670▼ $25,063
Total Net Assets Fund Balance$108,733$83,670▼ $25,063
Total Liabilities and Net Assets / Fund Balance$154,708$192,823▲ $38,115
Compensation and Service Providers

Board Members and Trustees

NameTitle
T J ValadaDirector
Thomas MccollemAssistant Di
Doug AgoSecretary
Tj LeendersTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$108,691
Investment Income
$280
Other Revenue
$15,448
Change in Net Assets
$-25,063
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$148,382
Total Fundraising Expense$10,496
Grants and Similar Amounts Paid$1,100
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$132,360-$10,496$142,856
Office Expenses$3,533$451-$3,984
Grants to Domestic Individuals$1,100--$1,100
Information Technology-$942-$942
Fees for Services Accounting-$600-$600
Total Functional Expenses$136,993$1,993$10,496$149,482
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$15,448
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Nrsa Golf Tourn$15,448$15,448-$15,448
Total Events$15,448$15,448-$15,448
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
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

State of massachusetts requires reviews preformed on annual revenue greater than 200.0k by a paid cpa. Board always reviews tax documents with treasurer prior to filing tax return. It is also reviewed with board members during open meeting with members.

Form 990, Page 6, Part VI, Line 19

It is available upon requests. Monthly meetings are held that are open to the public and members. Meeting minutes are maintained and published out on the associations website.

Filing and Contact Details

Filer

Filer Name
North Reading Skating Association
EIN
04-3523562
Phone
6172934251
Address
PO BOX 121, NORTH READING, MA 01864

Signing Officer

Name
T J Valada
Title
Director
Phone
7817061620
Signed
2023-10-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
T J Valada
Formed
2000
Legal Domicile
Ma
Voting Board Members
11
Independent Board Members
17
Employees
0
Volunteers
35

Preparer

Firm
MICHAEL O'KEEFFE
Address
730 MAIN ST STE 1C, MILLIS, MA 02054-1612
Preparer
Benjamin a Calos
Phone
5083768811
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

Hockey coaches for the various levels. Parents handling fundraising and board meeting notes.

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

College scholarship to member hockey players

Form 990, Part IX, Line 11G

Hockey supplies 1,674 0 0 uniforms & socks 531 0 0 league fees - valley 25,465 0 0 league fees - stoneham 50,000 0 0 practice ice fees 48,456 0 0 tournament fees 4,884 0 0 banquet yearend 1,350 0 0 nrsa golf tournament golf fees 0 0 10,496 total 132,360 0 10,496

Raw XML Appendix331 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.

Path#Value
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IRS990/BooksInCareOfDetail/PhoneNum06172934251
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IRS990/CollectionsOfArtInd0false
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IRS990/CYOtherExpensesAmt0148382
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IRS990/CYProgramServiceRevenueAmt0108691
IRS990/CYRevenuesLessExpensesAmt0-25063
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IRS990/CYTotalProfFndrsngExpnsAmt00
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IRS990/DecisionsSubjectToApprovaInd0false
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IRS990/DelegationOfMgmtDutiesInd0false
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IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
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IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
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IRS990/ExpenseAmt0135893
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IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt0600
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IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
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IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2ASSISTANT DI
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02000
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingGrossIncomeAmt015448
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt01100
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt01100
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0124419
IRS990/GroupReturnForAffiliatesInd0false
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IRS990/IndependentAuditFinclStmtInd0false
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IRS990/IndoorTanningServicesInd0false
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IRS990/InvestmentIncomeGrp/ExclusionAmt0280
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IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
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IRS990/LoanOutstandingInd0false
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IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
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IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0711210
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IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HOCKEY COACHES FOR THE VARIOUS LEVELS. PARENTS HANDLING FUNDRAISING AND BOARD MEETING NOTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COLLEGE SCHOLARSHIP TO MEMBER HOCKEY PLAYERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2STATE OF MASSACHUSETTS REQUIRES REVIEWS PREFORMED ON ANNUAL REVENUE GREATER THAN 200.0K BY A PAID CPA. BOARD ALWAYS REVIEWS TAX DOCUMENTS WITH TREASURER PRIOR TO FILING TAX RETURN. IT IS ALSO REVIEWED WITH BOARD MEMBERS DURING OPEN MEETING WITH MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IT IS AVAILABLE UPON REQUESTS. MONTHLY MEETINGS ARE HELD THAT ARE OPEN TO THE PUBLIC AND MEMBERS. MEETING MINUTES ARE MAINTAINED AND PUBLISHED OUT ON THE ASSOCIATIONS WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4HOCKEY SUPPLIES 1,674 0 0 UNIFORMS & SOCKS 531 0 0 LEAGUE FEES - VALLEY 25,465 0 0 LEAGUE FEES - STONEHAM 50,000 0 0 PRACTICE ICE FEES 48,456 0 0 TOURNAMENT FEES 4,884 0 0 BANQUET YEAREND 1,350 0 0 NRSA GOLF TOURNAMENT GOLF FEES 0 0 10,496 TOTAL 132,360 0 10,496
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0149482
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IRS990/TotalLiabilitiesEOYAmt0109153
IRS990/TotalLiabilitiesGrp/BOYAmt045975
IRS990/TotalLiabilitiesGrp/EOYAmt0109153
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0108733
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt083670
IRS990/TotalOtherProgSrvcExpenseAmt01100
IRS990/TotalOtherProgSrvcGrantAmt01100
IRS990/TotalProgramServiceExpensesAmt0136993
IRS990/TotalProgramServiceRevenueAmt0108691
IRS990/TotalRevenueGrp/ExclusionAmt015728
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0108691
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0124419
IRS990/TotalVolunteersCnt035
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IRS990/USAddress/AddressLine1Txt0178 HAVERHILL STREET
IRS990/USAddress/CityNm0NORTH READING
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0T J VALADA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07817061620
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NORTH READING SKATING ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0NORT
ReturnHeader/Filer/EIN0043523562
ReturnHeader/Filer/PhoneNum06172934251
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 121
ReturnHeader/Filer/USAddress/CityNm0NORTH READING
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ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0043418955
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MICHAEL O'KEEFFE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0730 MAIN ST STE 1C
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MILLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0020541612
ReturnHeader/PreparerPersonGrp/PhoneNum05083768811
ReturnHeader/PreparerPersonGrp/PreparationDt02024-02-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BENJAMIN A CALOS
ReturnHeader/ReturnTs02024-02-15T13:32:05-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0T J
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0VALADA
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

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