Civic Intelligence

Algonquin Sports Inc.

990 • Fiscal year 2016 • EIN 26-0682893

Jan 01, 2016 to Dec 31, 2016 • Filed on Oct 18, 2017

403 Main St 200 Brisbane BuildingBuffalo, NY 14203

(716) 842-1439

Siviq Scores

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

Liabilities / Assets

85th percentile

0.35x

Higher debt load relative to assets than 85% of similar nonprofits.

2016 filings • NTEE O50 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

81st percentile

0.07x

Higher debt load relative to revenue than 81% of similar nonprofits.

2016 filings • NTEE O50 • <$500k nonprofits • Source year 2016

Net Margin

32nd percentile

-3.1%

Higher net margin than 32% of similar nonprofits.

2016 filings • NTEE O50 • <$500k nonprofits • Source year 2016

Top Officer Pay

92nd percentile

$51,367

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 17.6% of source-year revenue.

2016 filings • NTEE O50 • <$500k nonprofits • Source year 2016

Asset Growth

28th percentile

-14%

Faster asset growth than 28% of similar nonprofits.

2016 filings • NTEE O50 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

46th percentile

3.6%

Faster revenue growth than 46% of similar nonprofits.

2016 filings • NTEE O50 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$56,498

Down $9,037 (-14%) from 2015

Net Assets

Down

$36,498

Down $9,037 (-20%) from 2015

Liabilities

Flat

$20,000

Flat from 2015

Revenue

Up

$292,523

Up $10,236 (+3.6%) from 2015

Expenses

Up

$301,560

Up $34,896 (+13%) from 2015

Net Income

Down

-$9,037

Down $24,660 (-158%) from 2015

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2011: $439Liabilities 2011: $0Net Assets 2011: $4392011Assets 2012: $21,263Liabilities 2012: $0Net Assets 2012: $21,2632012Assets 2013: $29,201Liabilities 2013: $0Net Assets 2013: $29,2012013Assets 2014: $29,912Liabilities 2014: $0Net Assets 2014: $29,9122014Assets 2015: $65,535Liabilities 2015: $20,000Net Assets 2015: $45,5352015Assets 2016: $56,498Liabilities 2016: $20,000Net Assets 2016: $36,4982016Assets 2017: $74,484Liabilities 2017: $20,000Net Assets 2017: $54,4842017Assets 2018: $158,033Liabilities 2018: $20,000Net Assets 2018: $138,0332018Assets 2019: $175,151Liabilities 2019: $0Net Assets 2019: $175,1512019Assets 2020: $227,326Liabilities 2020: $0Net Assets 2020: $227,3262020Assets 2021: $180,218Liabilities 2021: $0Net Assets 2021: $180,2182021Assets 2023: $61,248Liabilities 2023: $18,424Net Assets 2023: $42,8242023

Highlighted filing

2016

Assets$56,498
Liabilities$20,000
Net Assets$36,498

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2011: $26,712Expenses 2011: $26,576Net Income 2011: $1362011Revenue 2012: $70,131Expenses 2012: $49,307Net Income 2012: $20,8242012Revenue 2013: $44,767Expenses 2013: $36,829Net Income 2013: $7,9382013Revenue 2014: $204,741Expenses 2014: $204,030Net Income 2014: $7112014Revenue 2015: $282,287Expenses 2015: $266,664Net Income 2015: $15,6232015Revenue 2016: $292,523Expenses 2016: $301,560Net Income 2016: -$9,0372016Revenue 2017: $583,899Expenses 2017: $565,913Net Income 2017: $17,9862017Revenue 2018: $609,524Expenses 2018: $525,975Net Income 2018: $83,5492018Revenue 2019: $667,569Expenses 2019: $630,451Net Income 2019: $37,1182019Revenue 2020: $249,023Expenses 2020: $196,848Net Income 2020: $52,1752020Revenue 2021: $233,224Expenses 2021: $280,332Net Income 2021: -$47,1082021Revenue 2023: $162,445Expenses 2023: $142,835Net Income 2023: $19,6102023

Highlighted filing

2016

Revenue$292,523
Expenses$301,560
Net Income-$9,037
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Oct 18, 2017
Return Version
2016v3.0
Gross Receipts
$292,523
Mission and Program Overview

Mission

Through sports and mentorship, we empower underserved youth throughout western new york to become agents of change.

To improve the lives, enhance the skills, and increase the opportunites of underprivileged children in the city of buffalo, ny through no-cost or low-cost programs for such children that focus on learning and playing one or more sports, and to consult with and assist other communities and other not-for-profit organizations in creating and implementing similar programs in other locales.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$65,535$55,278▼ $10,257
Land, Buildings, and Equipment, Net$0$1,220▲ $1,220
Total Assets$65,535$56,498▼ $9,037
Liabilities
Accounts Payable and Accrued Expenses$20,000$20,000→ $0
Total Liabilities$20,000$20,000→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$45,535$36,498▼ $9,037
Total Net Assets Fund Balance$45,535$36,498▼ $9,037
Total Liabilities and Net Assets / Fund Balance$65,535$56,498▼ $9,037

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,220$1,831$3,051
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Anna-lesa CalvertDirector/vice PresidentFT$51,367$51,367

Board Members and Trustees

NameTitle
William BegyDirector/vice President
Mark MillerDirector of Nominating COM
Stephen Kiernan IiDirector/pres
Thomas a GarigenDirector/pres
Jeffrey KamienDirector/secretary
Daniel J SuhrDirector/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$292,523
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$292,523
Change in Net Assets
$-9,037
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$217,658
Salaries, Compensation, and Employee Benefits$74,511
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$46,230$5,137-$51,367
All Other Expenses$23,109$2,855-$25,964
Other Salaries and Wages$19,891$3,253-$23,144
Other Expenses$10,524$590-$11,114
Office Expenses$4,751$4,962-$9,713
Benefits to Members$9,391--$9,391
Insurance$3,336--$3,336
Information Technology$2,040--$2,040
Depreciation Depletion-$1,831-$1,831
Advertising$340$329-$669
Total Functional Expenses$279,587$21,973$0$301,560
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
Backup withholding compliance
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
Yes
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

A copy of the 990 was emailed and mailed to the board prior to being filed. A special meeting of the board will also be held to review the 990.

Form 990, Part VI, Section C, Line 19

The organization's governing documents and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Algonquin Sports Inc
EIN
26-0682893
Phone
7168421439
Address
403 MAIN ST 200 BRISBANE BUILDING, BUFFALO, NY 14203

Signing Officer

Name
Thomas a Garigen
Title
President
Phone
7168421439
Signed
2017-10-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas a Garigen
Formed
2007
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
2
Volunteers
0

Preparer

Firm
Szymkowiak & Associates Cpas Pc
Address
6325 MAIN STREET SUITE 100, WILLIAMSVILLE, NY 14221
Preparer
Maria T Scarozza
Phone
7166262626
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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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IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03051
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01220
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE 990 WAS EMAILED AND MAILED TO THE BOARD PRIOR TO BEING FILED. A SPECIAL MEETING OF THE BOARD WILL ALSO BE HELD TO REVIEW THE 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt065535
IRS990/TotalAssetsEOYAmt056498
IRS990/TotalAssetsGrp/BOYAmt065535
IRS990/TotalAssetsGrp/EOYAmt056498
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0292523
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt021973
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0279587
IRS990/TotalFunctionalExpensesGrp/TotalAmt0301560
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt020000
IRS990/TotalLiabilitiesEOYAmt020000
IRS990/TotalLiabilitiesGrp/BOYAmt020000
IRS990/TotalLiabilitiesGrp/EOYAmt020000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt045535
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt036498
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0279587
IRS990/TotalReportableCompFromOrgAmt051367
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0292523
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt065535
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt056498
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt045535
IRS990/UnrestrictedNetAssetsGrp/EOYAmt036498
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0403 MAIN ST 200 BRISBANE BUILDING
IRS990/USAddress/CityNm0BUFFALO
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd014203
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.BUFFALOSOCCERCLUB.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0THOMAS A GARIGEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07168421439
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-10-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ALGONQUIN SPORTS INC
ReturnHeader/Filer/BusinessNameControlTxt0ALGO
ReturnHeader/Filer/EIN0260682893
ReturnHeader/Filer/PhoneNum07168421439
ReturnHeader/Filer/USAddress/AddressLine1Txt0403 MAIN ST 200 BRISBANE BUILDING
ReturnHeader/Filer/USAddress/CityNm0BUFFALO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd014203
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId05A9D4FBBA77651707BFDD1E3BB1CD66A3B50E349
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId01D9E42CE63086B852C9C46DA35954706A36C7287
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt050.75.152.162
ReturnHeader/FilingSecurityInformation/IPDt02017-10-18
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm016:33:50
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0161600045
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SZYMKOWIAK & ASSOCIATES CPAS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06325 MAIN STREET SUITE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WILLIAMSVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd014221
ReturnHeader/PreparerPersonGrp/PhoneNum07166262626
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARIA T SCAROZZA
ReturnHeader/ReturnTs02017-11-15T10:15:24-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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