Civic Intelligence

Reading Ice Arena Authority Inc.

990 • Fiscal year 2018 • EIN 22-3186247

Jul 01, 2017 to Jun 30, 2018 • Filed on May 13, 2019

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

61st percentile

0.08x

Higher debt load relative to assets than 61% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

62nd percentile

0.07x

Higher debt load relative to revenue than 62% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

52nd percentile

4.1%

Higher net margin than 52% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

96th percentile

$187,987

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 22.1% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

26th percentile

-5.3%

Faster asset growth than 26% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

38th percentile

-1.1%

Faster revenue growth than 38% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets61st percentile

Assets

Down

$730,518

Down $40,739 (-5.3%) from 2017

Net Assets

Up

$669,088

Up $34,787 (+5.5%) from 2017

Liabilities

Down

$61,430

Down $75,526 (-55%) from 2017

Revenue And Expenses
Liabilities / Revenue62nd percentileNet Margin52nd percentile

Revenue

Down

$852,521

Down $9,811 (-1.1%) from 2017

Expenses

Down

$817,734

Down $33,960 (-4.0%) from 2017

Net Income

Up

$34,787

Up $24,149 (+227%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth26th 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

2018

Assets$730,518
Liabilities$61,430
Net Assets$669,088
Open 2018 Filing

Operations Trend

Revenue Growth38th 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

2018

Revenue$852,521
Expenses$817,734
Net Income$34,787
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 13, 2019
Return Version
2017v2.3
Gross Receipts
$902,372
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 competition 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$318,875$314,269▼ $4,606
Land, Buildings, and Equipment, Net$276,258$280,043▲ $3,785
Cash and Non-Interest-Bearing Accounts$103,694$55,874▼ $47,820
Accounts Receivable$36,036$51,029▲ $14,993
Prepaid Expenses and Deferred Charges$14,649$14,948▲ $299
Inventories for Sale or Use$21,745$14,355▼ $7,390
Total Assets$771,257$730,518▼ $40,739
Liabilities
Accounts Payable and Accrued Expenses$133,509$60,192▼ $73,317
Deferred Revenue$3,447$1,238▼ $2,209
Total Liabilities$136,956$61,430▼ $75,526
Net Assets / Fund Balance
Unrestricted Net Assets$634,301$669,088▲ $34,787
Total Net Assets Fund Balance$634,301$669,088▲ $34,787
Total Liabilities and Net Assets / Fund Balance$771,257$730,518▼ $40,739

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$213,742$793,842$1,007,584
Buildings$28,578$376,550$405,128
Other Land Buildings$37,723$48,164$85,887
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Edward PedutoRink ManagerFT$159,616$28,371$187,987

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
$825,001
Investment Income
$398
Other Revenue
$27,122
Change in Net Assets
$34,787

Audited Revenue Reconciliation

Revenue per Audited Statements
$902,372
Revenue Not Reported on Financial Statements
$-49,851
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$-49,851
Total Revenue per Audited Statements
$902,372
Total Revenue per Form 990
$852,521
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$461,171
Salaries, Compensation, and Employee Benefits$356,563
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$189,249--$189,249
Comp Disqual Persons$61,705$72,587-$134,292
Depreciation Depletion$76,511--$76,511
Occupancy-$41,639-$41,639
Insurance$25,423$6,356-$31,779
All Other Expenses$28,081$2,227-$30,308
Payroll Taxes$14,018$3,504-$17,522
Other Employee Benefits$6,473$9,027-$15,500
Office Expenses-$13,033-$13,033
Fees for Services Accounting$10,400$2,600-$13,000
Other Expenses$10,847--$10,847
Advertising$1,366--$1,366
Total Functional Expenses$666,761$150,973$0$817,734

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$867,585
Total Expenses per Audited Statements$867,585
Total Expenses per Form 990$817,734
Expenses Not Reported on Form 990$0
Expenses Not Reported on Financial Statements$-49,851
Other Expense Adjustments$-49,851
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 Authority 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 available 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
2019-05-13
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
15
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 has adopted the provisions of FASB accounting for uncertainty in income taxes. The standard provides detailed guidance for the financial statement recognition, measurement, and disclosure of uncertain tax positions. The Organization is required to recognize the financial statement impact of a tax position when it is more likely than not that the position will be sustained upon examination. Any interest and penalties recognized assocated with a tax position are classified as current in the Organization's financial statements. The implementation of this standard had no impact on the financial statements. As of both the date of adoption, and as of June 30, 2018, management believes that the Organization continues to satisfy the requirement of a tax exempt organization and therefore had no uncertain income tax positions.”

Part XI, Line 4B - Other Adjustments:

“Cost of Goods Sold - Pro Shop, Snack Bar and Vending Machine -49,851.”

Part XII, Line 4B - Other Adjustments:

“Cost of Goods Sold - Pro Shop, Snack Bar and Vending Machine -49,851.”

Raw XML AppendixShowing 400 of 465 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/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0825001
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0318875
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0314269
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt05000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt05000
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0398
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0357
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0541
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0209
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0517
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt02022
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0901974
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0894839
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0981093
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0853585
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0869442
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt04500933
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0398
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0357
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0541
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0209
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0517
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt02022
IRS990ScheduleA/InvestmentIncomeCYPct00.00040
IRS990ScheduleA/InvestmentIncomePYPct00.00050
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt013934
IRS990ScheduleA/OtherIncome509Grp/TotalAmt013934
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.39450
IRS990ScheduleA/PublicSupportPY509Pct00.41050
IRS990ScheduleA/PublicSupportTotal509Amt01783870
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0552640
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0543393
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0529910
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0493620
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0602500
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt02722063
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt0552640
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt0543393
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt0529910
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt0493620
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt0602500
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt02722063
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0901974
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0894839
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0981093
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0853585
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0874442
IRS990ScheduleA/Total509Grp/TotalAmt04505933
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0902372
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0909130
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0981634
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0853794
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0874959
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04521889
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt028578
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0376550
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0405128
IRS990ScheduleD/EquipmentGrp/BookValueAmt0213742
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0793842
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01007584
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0-49851
IRS990ScheduleD/ExpensesSubtotalAmt0867585
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesNotIncludedAmt0-49851
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt037723
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt048164
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt085887
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-49851
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-49851
IRS990ScheduleD/RevenueSubtotalAmt0902372
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization has adopted the provisions of FASB accounting for uncertainty in income taxes. The standard provides detailed guidance for the financial statement recognition, measurement, and disclosure of uncertain tax positions. The Organization is required to recognize the financial statement impact of a tax position when it is more likely than not that the position will be sustained upon examination. Any interest and penalties recognized assocated with a tax position are classified as current in the Organization's financial statements. The implementation of this standard had no impact on the financial statements. As of both the date of adoption, and as of June 30, 2018, management believes that the Organization continues to satisfy the requirement of a tax exempt organization and therefore had no uncertain income tax positions.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Cost of Goods Sold - Pro Shop, Snack Bar and Vending Machine -49,851.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Cost of Goods Sold - Pro Shop, Snack Bar and Vending Machine -49,851.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0280043
IRS990ScheduleD/TotalExpensesPerForm990Amt0817734
IRS990ScheduleD/TotalRevenuePerForm990Amt0852521
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0902372
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0867585
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd01
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0159616
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt028371
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Edward Peduto
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Rink Manager
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0187987
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 Authority 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 available 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/TotalAssetsBOYAmt0771257
IRS990/TotalAssetsEOYAmt0730518
IRS990/TotalAssetsGrp/BOYAmt0771257
IRS990/TotalAssetsGrp/EOYAmt0730518
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt015
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0150973
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0666761
IRS990/TotalFunctionalExpensesGrp/TotalAmt0817734
IRS990/TotalGrossUBIAmt027122
IRS990/TotalLiabilitiesBOYAmt0136956
IRS990/TotalLiabilitiesEOYAmt061430

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$730,518
Liabilities
$61,430
Net assets
$669,088
Revenue
$852,521
Expenses
$817,734
Net income
$34,787
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