Civic Intelligence

MID Cape Ice Arena Inc.

990 • Fiscal year 2019 • EIN 22-2573786

Jul 01, 2018 to Jun 30, 2019 • Filed on Feb 12, 2020

PO Box 646 8 South Gages WaySouth Dennis, MA 02660

(508) 760-2415

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

60th percentile

0.15x

Higher debt load relative to assets than 60% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

73rd percentile

0.33x

Higher debt load relative to revenue than 73% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

25th percentile

-6.0%

Higher net margin than 25% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

39th percentile

$17,433

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 3.8% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

19th percentile

-5.2%

Faster asset growth than 19% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

39th percentile

0.1%

Faster revenue growth than 39% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$1,013,842

Down $55,689 (-5.2%) from 2018

Net Assets

Down

$863,080

Down $27,202 (-3.1%) from 2018

Liabilities

Down

$150,762

Down $28,487 (-16%) from 2018

Revenue

Up

$456,030

Up $642 (+0.1%) from 2018

Expenses

Up

$483,232

Up $7,378 (+1.6%) from 2018

Net Income

Down

-$27,202

Down $6,736 (-33%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $790,259Liabilities 2011: $177,407Net Assets 2011: $612,8522011Assets 2012: $765,455Liabilities 2012: $145,372Net Assets 2012: $620,0832012Assets 2013: $847,255Liabilities 2013: $196,101Net Assets 2013: $651,1542013Assets 2014: $1,064,362Liabilities 2014: $268,959Net Assets 2014: $795,4032014Assets 2015: $1,049,142Liabilities 2015: $207,504Net Assets 2015: $841,6382015Assets 2016: $1,220,809Liabilities 2016: $329,014Net Assets 2016: $891,7952016Assets 2017: $1,188,458Liabilities 2017: $277,710Net Assets 2017: $910,7482017Assets 2018: $1,069,531Liabilities 2018: $179,249Net Assets 2018: $890,2822018Assets 2019: $1,013,842Liabilities 2019: $150,762Net Assets 2019: $863,0802019Assets 2020: $976,397Liabilities 2020: $117,623Net Assets 2020: $858,7742020Assets 2021: $900,301Liabilities 2021: $120,677Net Assets 2021: $779,6242021Assets 2022: $831,639Liabilities 2022: $40,781Net Assets 2022: $790,8582022Assets 2023: $802,133Liabilities 2023: $68,801Net Assets 2023: $733,3322023Assets 2024: $656,114Liabilities 2024: $49,268Net Assets 2024: $606,8462024

Highlighted filing

2019

Assets$1,013,842
Liabilities$150,762
Net Assets$863,080

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $509,448Expenses 2011: $504,405Net Income 2011: $5,0432011Revenue 2012: $479,474Expenses 2012: $472,243Net Income 2012: $7,2312012Revenue 2013: $510,461Expenses 2013: $479,390Net Income 2013: $31,0712013Revenue 2014: $599,230Expenses 2014: $454,981Net Income 2014: $144,2492014Revenue 2015: $526,977Expenses 2015: $480,742Net Income 2015: $46,2352015Revenue 2016: $531,439Expenses 2016: $481,282Net Income 2016: $50,1572016Revenue 2017: $533,741Expenses 2017: $514,788Net Income 2017: $18,9532017Revenue 2018: $455,388Expenses 2018: $475,854Net Income 2018: -$20,4662018Revenue 2019: $456,030Expenses 2019: $483,232Net Income 2019: -$27,2022019Revenue 2020: $439,704Expenses 2020: $444,010Net Income 2020: -$4,3062020Revenue 2021: $453,263Expenses 2021: $532,412Net Income 2021: -$79,1492021Revenue 2022: $546,392Expenses 2022: $535,158Net Income 2022: $11,2342022Revenue 2023: $539,431Expenses 2023: $596,957Net Income 2023: -$57,5262023Revenue 2024: $551,026Expenses 2024: $677,512Net Income 2024: -$126,4862024

Highlighted filing

2019

Revenue$456,030
Expenses$483,232
Net Income-$27,202
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Feb 12, 2020
Return Version
2018v3.1
Gross Receipts
$456,030
Mission and Program Overview

Mission

To provide a skating rink to the general public

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$940,634$859,163▼ $81,471
Cash and Non-Interest-Bearing Accounts$113,706$146,643▲ $32,937
Prepaid Expenses and Deferred Charges$4,336$4,361▲ $25
Accounts Receivable$10,855$3,675▼ $7,180
Total Assets$1,069,531$1,013,842▼ $55,689
Liabilities
Mortgage Notes Payable Secured by Investment Property$167,950$126,616▼ $41,334
Accounts Payable and Accrued Expenses$5,259$14,321▲ $9,062
Deferred Revenue$6,040$9,825▲ $3,785
Total Liabilities$179,249$150,762▼ $28,487
Net Assets / Fund Balance
Unrestricted Net Assets$890,282$863,080▼ $27,202
Total Net Assets Fund Balance$890,282$863,080▼ $27,202
Total Liabilities and Net Assets / Fund Balance$1,069,531$1,013,842▼ $55,689

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$467,603$1,306,499$1,774,102
Equipment$270,521$476,806$747,327
Land$115,650-$115,650
Other Land Buildings$5,389$8,291$13,680
Compensation and Service Providers

Employees

NameTitleBaseTotal
Kevin KelleyFormer Treasurer$17,433$17,433

Board Members and Trustees

NameTitle
Lewis AlbertiPresident
Dennis LanzettaVice President
Chris KentDirector
Chris PetersonDirector
MARY O'CONNORDirector
Mairead GrafDirector
Tony Kent JrDirector
John JulianClerk
Jason SheaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$454,562
Investment Income
$376
Other Revenue
$1,092
Change in Net Assets
$-27,202

Audited Revenue Reconciliation

Revenue per Audited Statements
$456,030
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$456,030
Total Revenue per Form 990
$456,030
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$377,126
Salaries, Compensation, and Employee Benefits$106,106
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$75,493$19,520-$95,013
Depreciation Depletion$91,886$1,179-$93,065
Insurance$14,554$2,507-$17,061
Fees for Services Management-$16,100-$16,100
Fees for Services Accounting$1,861$13,051-$14,912
Payroll Taxes$8,814$2,279-$11,093
Advertising$9,604--$9,604
Office Expenses-$9,263-$9,263
Interest-$7,626-$7,626
Other Expenses$2,479$3,884-$2,479
All Other Expenses$873$1,246-$2,119
Total Functional Expenses$400,569$82,663$0$483,232

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$483,232
Total Expenses per Audited Statements$483,232
Total Expenses per Form 990$483,232
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 6

User groups are members of the organization

Form 990, Part VI, Section A, Line 7A

User groups appoint representives to the board of directors, board of directors elects officers

Form 990, Part VI, Section B, Line 11B

Form 990 is available to board members prior to filing

Form 990, Part VI, Section B, Line 12C

Conflict of interest policy is reviewed annually by the board of directors

Form 990, Part VI, Section C, Line 18

Form 990 is available at massachusetts attorney general web site

Form 990, Part VI, Section C, Line 19

Documents are available on request

Filing and Contact Details

Filer

Filer Name
Mid-cape Ice Arena Inc
EIN
22-2573786
Phone
5087602415
Address
PO BOX 646 8 SOUTH GAGES WAY, SOUTH DENNIS, MA 02660

Signing Officer

Name
Lewis Alberti
Title
President
Phone
5087602415
Signed
2020-02-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lewis Alberti
Formed
1984
Legal Domicile
Ma
Voting Board Members
9
Independent Board Members
9
Employees
12
Volunteers
50

Preparer

Firm
Lamb Mason Bulger & Co Pc
Address
PO BOX 1233, WEST CHATHAM, MA 02669-1233
Preparer
Michael Bulger
Phone
5089453575
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IRS990/PYProgramServiceRevenueAmt0453332
IRS990/PYRevenuesLessExpensesAmt0-20466
IRS990/PYSalariesCompEmpBnftPaidAmt0154761
IRS990/PYTotalExpensesAmt0475854
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0455388
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-27202
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0455654
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01150
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt09340
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01754
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt012244
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0376
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0496
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0345
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0573
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0333
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02123
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0453740
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0447720
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0497137
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0519710
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0522975
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02441282
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0376
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0496
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0345
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0573
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0333
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02123
IRS990ScheduleA/InvestmentIncomeCYPct00.00090
IRS990ScheduleA/InvestmentIncomePYPct00.00080
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99910
IRS990ScheduleA/PublicSupportPY509Pct00.99810
IRS990ScheduleA/PublicSupportTotal509Amt02453526
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0453740
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0447720
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0498287
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0529050
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0524729
IRS990ScheduleA/Total509Grp/TotalAmt02453526
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0454116
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0448216
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0498632
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0529623
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0525062
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02455649
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0467603
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01306499
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01774102
IRS990ScheduleD/EquipmentGrp/BookValueAmt0270521
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0476806
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0747327
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0483232
IRS990ScheduleD/LandGrp/BookValueAmt0115650
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0115650
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt05389
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt08291
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt013680
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0456030
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0859163
IRS990ScheduleD/TotalExpensesPerForm990Amt0483232
IRS990ScheduleD/TotalRevenuePerForm990Amt0456030
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0456030
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0483232
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0USER GROUPS ARE MEMBERS OF THE ORGANIZATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1USER GROUPS APPOINT REPRESENTIVES TO THE BOARD OF DIRECTORS, BOARD OF DIRECTORS ELECTS OFFICERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS AVAILABLE TO BOARD MEMBERS PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990 IS AVAILABLE AT MASSACHUSETTS ATTORNEY GENERAL WEB SITE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DOCUMENTS ARE AVAILABLE ON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 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/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01069531
IRS990/TotalAssetsEOYAmt01013842
IRS990/TotalAssetsGrp/BOYAmt01069531
IRS990/TotalAssetsGrp/EOYAmt01013842
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt012
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt082663
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0400569
IRS990/TotalFunctionalExpensesGrp/TotalAmt0483232
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0179249
IRS990/TotalLiabilitiesEOYAmt0150762
IRS990/TotalLiabilitiesGrp/BOYAmt0179249
IRS990/TotalLiabilitiesGrp/EOYAmt0150762
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0890282
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0863080
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0400569
IRS990/TotalProgramServiceRevenueAmt0454562
IRS990/TotalReportableCompFromOrgAmt017433
IRS990/TotalRevenueGrp/ExclusionAmt0376
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0455654
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0456030
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01069531

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.66$0.05$0.61$0.55$0.68$0.13
2023Detailed filing. Detailed filing data is available for this year.$0.80$0.07$0.73$0.54$0.60$0.06
2022Detailed filing. Detailed filing data is available for this year.$0.83$0.04$0.79$0.55$0.54$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.90$0.12$0.78$0.45$0.53$0.08
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.98$0.12$0.86$0.44$0.44$0.00
2019Detailed filing. Detailed filing data is available for this year.$1.01$0.15$0.86$0.46$0.48$0.03
2018Summary only. Only limited summary data is available for this year.$1.07$0.18$0.89$0.46$0.48$0.02
2017Summary only. Only limited summary data is available for this year.$1.19$0.28$0.91$0.53$0.51$0.02
2016Summary only. Only limited summary data is available for this year.$1.22$0.33$0.89$0.53$0.48$0.05
2015Summary only. Only limited summary data is available for this year.$1.05$0.21$0.84$0.53$0.48$0.05
2014Summary only. Only limited summary data is available for this year.$1.06$0.27$0.80$0.60$0.45$0.14
2013Summary only. Only limited summary data is available for this year.$0.85$0.20$0.65$0.51$0.48$0.03
2012Summary only. Only limited summary data is available for this year.$0.77$0.15$0.62$0.48$0.47$0.01
2011Summary only. Only limited summary data is available for this year.$0.79$0.18$0.61$0.51$0.50$0.01