Civic Intelligence

Reading Ice Arena Authority Inc.

990 • Fiscal year 2017 • EIN 22-3186247

Jul 01, 2016 to Jun 30, 2017 • Filed on Apr 30, 2018

Organization Profilewww.burbankicearena.com
51 Symonds WayReading, MA 01867

(781) 942-2271

Siviq Scores

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

Liabilities / Assets

70th percentile

0.18x

Higher debt load relative to assets than 70% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

72nd percentile

0.16x

Higher debt load relative to revenue than 72% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

43rd percentile

1.2%

Higher net margin than 43% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

95th percentile

$170,527

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 19.8% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

59th percentile

6.7%

Faster asset growth than 59% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

44th percentile

1.9%

Faster revenue growth than 44% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets70th percentile

Assets

Up

$771,257

Up $48,343 (+6.7%) from 2016

Net Assets

Up

$634,301

Up $10,638 (+1.7%) from 2016

Liabilities

Up

$136,956

Up $37,705 (+38%) from 2016

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin43rd percentile

Revenue

Up

$862,332

Up $16,164 (+1.9%) from 2016

Expenses

Up

$851,694

Up $40,530 (+5.0%) from 2016

Net Income

Down

$10,638

Down $24,366 (-70%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth59th percentile

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

$1.5M$1.0M$500K$0Assets 2010: $1,200,166Liabilities 2010: $45,023Net Assets 2010: $1,155,1432010Assets 2011: $1,006,719Liabilities 2011: $46,956Net Assets 2011: $959,7632011Assets 2012: $991,813Liabilities 2012: $188,367Net Assets 2012: $803,4462012Assets 2013: $759,205Liabilities 2013: $121,683Net Assets 2013: $637,5222013Assets 2014: $693,588Liabilities 2014: $239,036Net Assets 2014: $454,5522014Assets 2015: $573,890Liabilities 2015: $30,182Net Assets 2015: $543,7082015Assets 2016: $722,914Liabilities 2016: $99,251Net Assets 2016: $623,6632016Assets 2017: $771,257Liabilities 2017: $136,956Net Assets 2017: $634,3012017Assets 2018: $730,518Liabilities 2018: $61,430Net Assets 2018: $669,0882018Assets 2019: $749,728Liabilities 2019: $107,571Net Assets 2019: $642,1572019Assets 2020: $665,205Liabilities 2020: $92,292Net Assets 2020: $572,9132020Assets 2021: $661,628Liabilities 2021: $50,469Net Assets 2021: $611,1592021Assets 2022: $696,980Liabilities 2022: $85,326Net Assets 2022: $611,6542022Assets 2023: $753,596Liabilities 2023: $173,965Net Assets 2023: $579,6312023Assets 2024: $734,472Liabilities 2024: $37,512Net Assets 2024: $696,9602024

Highlighted filing

2017

Assets$771,257
Liabilities$136,956
Net Assets$634,301
Open 2017 Filing

Operations Trend

Revenue Growth44th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $930,5882010Expenses 2011: $970,1542011Expenses 2012: $976,1192012Expenses 2013: $934,7812013Revenue 2014: $815,639Expenses 2014: $998,609Net Income 2014: -$182,9702014Revenue 2015: $818,779Expenses 2015: $726,244Net Income 2015: $92,5352015Revenue 2016: $846,168Expenses 2016: $811,164Net Income 2016: $35,0042016Revenue 2017: $862,332Expenses 2017: $851,694Net Income 2017: $10,6382017Revenue 2018: $852,521Expenses 2018: $817,734Net Income 2018: $34,7872018Revenue 2019: $890,043Expenses 2019: $916,974Net Income 2019: -$26,9312019Revenue 2020: $712,234Expenses 2020: $781,478Net Income 2020: -$69,2442020Revenue 2021: $753,778Expenses 2021: $715,532Net Income 2021: $38,2462021Revenue 2022: $892,409Expenses 2022: $891,914Net Income 2022: $4952022Revenue 2023: $990,075Expenses 2023: $1,022,098Net Income 2023: -$32,0232023Revenue 2024: $1,011,851Expenses 2024: $894,522Net Income 2024: $117,3292024

Highlighted filing

2017

Revenue$862,332
Expenses$851,694
Net Income$10,638
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Apr 30, 2018
Return Version
2016v3.0
Gross Receipts
$909,130
Mission and Program Overview

Mission

To foster youth development through local, national or international amateur sports competition in hockey and figure skating, and to engage in educational and other related activities as to amateur athletics and public skating.

To operate the Burbank Ice Arena and to foster youth development through local, national or international amateur sports competitions in hockey and figure skating, and to engage in educational and other related activities as to amateur athletics and public skating.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$274,911$318,875▲ $43,964
Land, Buildings, and Equipment, Net$282,962$276,258▼ $6,704
Cash and Non-Interest-Bearing Accounts$95,276$103,694▲ $8,418
Accounts Receivable$42,222$36,036▼ $6,186
Inventories for Sale or Use$16,385$21,745▲ $5,360
Prepaid Expenses and Deferred Charges$11,158$14,649▲ $3,491
Total Assets$722,914$771,257▲ $48,343
Liabilities
Accounts Payable and Accrued Expenses$96,939$133,509▲ $36,570
Deferred Revenue$2,312$3,447▲ $1,135
Total Liabilities$99,251$136,956▲ $37,705
Net Assets / Fund Balance
Unrestricted Net Assets$623,663$634,301▲ $10,638
Total Net Assets Fund Balance$623,663$634,301▲ $10,638
Total Liabilities and Net Assets / Fund Balance$722,914$771,257▲ $48,343

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$215,523$732,676$948,199
Buildings$25,738$370,445$396,183
Other Land Buildings$34,997$38,924$73,921
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Edward PedutoRink ManagerFT$144,770$25,757$170,527

Board Members and Trustees

NameTitle
William JenningsPresident
Carl McFaddenDirector
Christopher MeehanDirector
Mark DohertyDirector
Nancy M GrahamDirector
Dennis HughesClerk
David A HunterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$804,387
Investment Income
$357
Other Revenue
$57,588
Change in Net Assets
$10,638

Audited Revenue Reconciliation

Revenue per Audited Statements
$909,130
Revenue Not Reported on Financial Statements
$-46,798
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-46,798
Total Revenue per Audited Statements
$909,130
Total Revenue per Form 990
$862,332
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$508,606
Salaries, Compensation, and Employee Benefits$343,088
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$189,548--$189,548
Comp Disqual Persons$42,854$71,019-$113,873
Occupancy-$104,125-$104,125
Depreciation Depletion$63,164--$63,164
Insurance$24,909$6,227-$31,136
All Other Expenses$25,145$2,078-$27,223
Payroll Taxes$20,002$5,000-$25,002
Office Expenses-$21,823-$21,823
Fees for Services Accounting$13,332$3,333-$16,665
Other Employee Benefits$6,272$8,393-$14,665
Other Expenses$11,404--$11,404
Advertising$4,278--$4,278
Total Functional Expenses$629,696$221,998$0$851,694

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$898,492
Total Expenses per Audited Statements$898,492
Total Expenses per Form 990$851,694
Expenses Not Reported on Form 990$0
Expenses Not Reported on Financial Statements$-46,798
Other Expense Adjustments$-46,798
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
Audit committee
Yes
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 board retains the services of an independent CPA firm to prepare the Organization's Form 990. Before it's filed with the IRS, copies of the Form 990 and all related schedules are provided to the board for review and their approval is obtained before submission of the tax return.”

Form 990, Part VI, Section C, line 18

“Reading Ice Rink Aurthority provides copies of the forms at the Reading Public Library and upon request.”

Form 990, Part VI, Section C, line 19

“Reading Ice Rink Authority provides copies of its articles of incorporation, by-laws, and audited financial statements availaable to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Reading Ice Arena Authority Inc
EIN
22-3186247
Phone
7819422271
Address
51 Symonds Way, Reading, MA 01867

Signing Officer

Name
William Jennings
Title
President
Phone
7819422271
Signed
2018-04-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Jennings
Formed
1992
Legal Domicile
Ma
Voting Board Members
7
Independent Board Members
7
Employees
13
Volunteers
0

Preparer

Firm
Tonneson & Company PC
Address
401 Edgewater Place Suite 300, Wakefield, MA 01880-6208
Preparer
Amy K Phelan
Phone
7812459999
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

“The Organization is exempt from Federal income tax under Section 501(c)(3) of the Internal Revenue Code. However, income from certain activities not directly related to the Organization's tax-exempt purpose is subject to taxation as unrelated business income. The Organization had no unrelated business income for the year ended June 30, 2017. In determining the recognition of uncertain tax positions, the Organization applies a more-likely-than-not recognition threshold and determines the measurement of uncertain tax positions considering the amounts and probabilities of the outcomes that could be realized upon ultimate settlement with taxing authorities. As of June 30, 2017, the Organization has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. The Organization is not currently under examination by any tax jurisdiction. The Organization's federal and state tax returns are generally open for examination for three years following the date filed.”

Part XI, Line 4B - Other Adjustments:

“Cost of Goods Sold - Pro Shop, Snack Bar and Vending Machine -46,798.”

Part XII, Line 4B - Other Adjustments:

“Cost of Goods Sold - Pro Shop, Snack Bar and Vending Machine -46,798.”

Raw XML AppendixShowing 400 of 471 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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IRS990/PYTotalExpensesAmt0811164
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0846168
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt010638
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0818321
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0274911
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0318875
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt05000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt05000
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0357
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0541
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0209
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0517
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0448
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02072
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0894839
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0981093
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0853585
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0869442
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0832200
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt04431159
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0357
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0541
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0209
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0517
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0448
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02072
IRS990ScheduleA/InvestmentIncomeCYPct00.00050
IRS990ScheduleA/InvestmentIncomePYPct00.00050
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt013934
IRS990ScheduleA/OtherIncome509Grp/TotalAmt013934
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.41050
IRS990ScheduleA/PublicSupportPY509Pct00.43740
IRS990ScheduleA/PublicSupportTotal509Amt01827463
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0543393
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0529910
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0493620
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0602500
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0439273
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt02608696
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt0543393
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt0529910
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt0493620
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt0602500
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt0439273
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt02608696
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0894839
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0981093
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0853585
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0874442
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0832200
IRS990ScheduleA/Total509Grp/TotalAmt04436159
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0909130
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0981634
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0853794
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0874959
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0832648
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04452165
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt025738
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0370445
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0396183
IRS990ScheduleD/EquipmentGrp/BookValueAmt0215523
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0732676
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0948199
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0-46798
IRS990ScheduleD/ExpensesSubtotalAmt0898492
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesNotIncludedAmt0-46798
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt034997
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt038924
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt073921
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-46798
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-46798
IRS990ScheduleD/RevenueSubtotalAmt0909130
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization is exempt from Federal income tax under Section 501(c)(3) of the Internal Revenue Code. However, income from certain activities not directly related to the Organization's tax-exempt purpose is subject to taxation as unrelated business income. The Organization had no unrelated business income for the year ended June 30, 2017. In determining the recognition of uncertain tax positions, the Organization applies a more-likely-than-not recognition threshold and determines the measurement of uncertain tax positions considering the amounts and probabilities of the outcomes that could be realized upon ultimate settlement with taxing authorities. As of June 30, 2017, the Organization has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. The Organization is not currently under examination by any tax jurisdiction. The Organization's federal and state tax returns are generally open for examination for three years following the date filed.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Cost of Goods Sold - Pro Shop, Snack Bar and Vending Machine -46,798.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Cost of Goods Sold - Pro Shop, Snack Bar and Vending Machine -46,798.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0276258
IRS990ScheduleD/TotalExpensesPerForm990Amt0851694
IRS990ScheduleD/TotalRevenuePerForm990Amt0862332
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0909130
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0898492
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd01
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0144770
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt025757
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Edward Peduto
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Rink Manager
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0170527
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0The Organization has a bonus plan with the rink manager.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 6
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The board retains the services of an independent CPA firm to prepare the Organization's Form 990. Before it's filed with the IRS, copies of the Form 990 and all related schedules are provided to the board for review and their approval is obtained before submission of the tax return.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Reading Ice Rink Aurthority provides copies of the forms at the Reading Public Library and upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Reading Ice Rink Authority provides copies of its articles of incorporation, by-laws, and audited financial statements availaable to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0722914
IRS990/TotalAssetsEOYAmt0771257
IRS990/TotalAssetsGrp/BOYAmt0722914
IRS990/TotalAssetsGrp/EOYAmt0771257
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt013
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$771,257
Liabilities
$136,956
Net assets
$634,301
Revenue
$862,332
Expenses
$851,694
Net income
$10,638
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.73$0.04$0.70$1.01$0.89$0.12
2023Detailed filing. Detailed filing data is available for this year.$0.75$0.17$0.58$0.99$1.02$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.70$0.09$0.61$0.89$0.89$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.66$0.05$0.61$0.75$0.72$0.04
2020Detailed filing. Detailed filing data is available for this year.$0.67$0.09$0.57$0.71$0.78$0.07
2019Detailed filing. Detailed filing data is available for this year.$0.75$0.11$0.64$0.89$0.92$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.73$0.06$0.67$0.85$0.82$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.77$0.14$0.63$0.86$0.85$0.01
2016Summary only. Only limited summary data is available for this year.$0.72$0.10$0.62$0.85$0.81$0.04
2015Summary only. Only limited summary data is available for this year.$0.57$0.03$0.54$0.82$0.73$0.09
2014Summary only. Only limited summary data is available for this year.$0.69$0.24$0.45$0.82$1.00$0.18
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.76$0.12$0.64$0.93
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.99$0.19$0.80$0.98
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.01$0.05$0.96$0.97
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.20$0.05$1.16$0.93