Civic Intelligence

Hayden Synchronized Skating Teams Inc C/O Gail Hanson-Mayer

990 • Fiscal year 2021 • EIN 27-2242233

May 01, 2020 to Apr 30, 2021 • Filed on Jan 27, 2022

299 Lexington Street No 71Woburn, MA 01801

(781) 862-7153

Siviq Scores

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

Liabilities / Assets

85th percentile

0.54x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

68th percentile

0.24x

Higher debt load relative to revenue than 68% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

42nd percentile

8.1%

Higher net margin than 42% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

81st percentile

$132,000

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 10.7% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

26th percentile

-0.1%

Faster asset growth than 26% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2021

Revenue Growth

25th percentile

-4.9%

Faster revenue growth than 25% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2021

Assets

Down

$547,357

Down $627 (-0.1%) from 2019

Net Assets

Up

$254,373

Up $22,817 (+9.9%) from 2019

Liabilities

Down

$292,984

Down $23,444 (-7.4%) from 2019

Revenue

Down

$1,237,238

Down $129,651 (-9.5%) from 2019

Expenses

Down

$1,136,972

Down $245,703 (-18%) from 2019

Net Income

Up

$100,266

Up $116,052 (+735%) from 2019

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 2016: $630,464Liabilities 2016: $264,664Net Assets 2016: $365,8002016Assets 2017: $649,406Liabilities 2017: $255,947Net Assets 2017: $393,4592017Assets 2018: $518,238Liabilities 2018: $270,896Net Assets 2018: $247,3422018Assets 2019: $547,984Liabilities 2019: $316,428Net Assets 2019: $231,5562019Assets 2021: $547,357Liabilities 2021: $292,984Net Assets 2021: $254,3732021Assets 2022: $867,521Liabilities 2022: $490,482Net Assets 2022: $377,0392022Assets 2023: $968,678Liabilities 2023: $575,219Net Assets 2023: $393,4592023Assets 2024: $1,242,152Liabilities 2024: $497,696Net Assets 2024: $744,4562024Assets 2025: $1,384,040Liabilities 2025: $540,968Net Assets 2025: $843,0722025

Highlighted filing

2021

Assets$547,357
Liabilities$292,984
Net Assets$254,373

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $1,404,340Expenses 2016: $1,386,606Net Income 2016: $17,7342016Revenue 2017: $1,306,004Expenses 2017: $1,278,345Net Income 2017: $27,6592017Revenue 2018: $1,264,980Expenses 2018: $1,411,097Net Income 2018: -$146,1172018Revenue 2019: $1,366,889Expenses 2019: $1,382,675Net Income 2019: -$15,7862019Revenue 2021: $1,237,238Expenses 2021: $1,136,972Net Income 2021: $100,2662021Revenue 2022: $1,759,773Expenses 2022: $1,637,107Net Income 2022: $122,6662022Revenue 2023: $2,130,335Expenses 2023: $2,113,915Net Income 2023: $16,4202023Revenue 2024: $2,549,392Expenses 2024: $2,198,395Net Income 2024: $350,9972024Revenue 2025: $2,534,527Expenses 2025: $2,435,911Net Income 2025: $98,6162025

Highlighted filing

2021

Revenue$1,237,238
Expenses$1,136,972
Net Income$100,266
Jump To
Filing Snapshot
Filing Period
May 1, 2020 to Apr 30, 2021
Signed
Jan 27, 2022
Return Version
2020v4.1
Gross Receipts
$1,250,099
Mission and Program Overview

Mission

To support the amateur sport of synchronized team skating and to provide a structure by which skaters can come together for the purpose of training for local, national and international competitions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$436,685$531,841▲ $95,156
Rtn Earn Endowment Incm Other Fnds$154,107$254,373▲ $100,266
Prepaid Expenses and Deferred Charges$15,381$6,957▼ $8,424
Land, Buildings, and Equipment, Net$8,262$5,527▼ $2,735
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$463,360$547,357▲ $83,997
Other Assets Total$3,032$3,032→ $0
Liabilities
Deferred Revenue$243,096$272,535▲ $29,439
Other Liabilities$51,900$0▼ $51,900
Accounts Payable and Accrued Expenses$14,257$20,449▲ $6,192
Total Liabilities$309,253$292,984▼ $16,269
Net Assets / Fund Balance
Total Net Assets Fund Balance$154,107$254,373▲ $100,266
Total Liabilities and Net Assets / Fund Balance$463,360$547,357▲ $83,997

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$5,527$16,643$22,170
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Saga KrantzCoachFT$132,000$132,000

Board Members and Trustees

NameTitle
Gail Hanson-mayerPresident
Anna MonacoDirector
Ben MorozeDirector
David CamposDirector
Gianni MarosticaDirector
Ingrid ManzDirector
Jill FeltonDirector
Vincent LeeDirector
Scott AshSecretary
Bill GrangerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,248,263
Program Service Revenue
$0
Investment Income
$456
Other Revenue
$-11,481
All Other Contributions
$82,560
Change in Net Assets
$100,266

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,185,338
Revenue Not Reported on Financial Statements
$51,900
Revenue Not Reported on Form 990
$12,861
Other Revenue Adjustments
$51,900
Total Revenue per Audited Statements
$1,198,199
Total Revenue per Form 990
$1,237,238
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$823,575
Salaries, Compensation, and Employee Benefits$313,397
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$242,000--$242,000
Other Expenses$110,183$101,879-$101,879
All Other Expenses$28,928$30,146-$59,074
Other Salaries and Wages$41,774--$41,774
Travel$41,216--$41,216
Payroll Taxes$29,623--$29,623
Fees for Services Accounting-$12,449-$12,449
Fees for Services Legal-$8,789-$8,789
Depreciation Depletion-$2,735-$2,735
Total Functional Expenses$980,974$155,998$0$1,136,972

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,149,833
Expenses per Audited Statements$1,136,972
Total Expenses per Form 990$1,136,972
Expenses Not Reported on Form 990$12,861
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$12,861
Fundraising Gross Income$1,380
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising$1,380$1,380$12,861$-11,481
Total Events$1,380$1,380$12,861$-11,481
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
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
Yes
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

Sent to bod/treasurer for review and approval.

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

AS NEEDED

Form 990, Part VI, Section B, Line 15A

COMPARABILITY DATA

Form 990, Part VI, Section C, Line 19

AVAIALBLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Hayden Synchronized Skating Teams Inc
EIN
27-2242233
Phone
7818627153
Address
299 LEXINGTON STREET NO 71, WOBURN, MA 01801

Signing Officer

Name
Gail Hanson-mayer
Title
President
Phone
7818627153
Signed
2022-01-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gail Hanson-mayer
Formed
2010
Legal Domicile
Ma
Voting Board Members
7
Independent Board Members
7
Employees
12
Volunteers
0

Preparer

Firm
Luca Deblasio & Co Inc
Address
1 PRESIDENTIAL WAY SUITE 103, WOBURN, MA 01801
Preparer
Stephen R Lomanno
Phone
7819334114
Supplemental Narrative

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Net special events expenses reported in revenue 12,861.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

PPP FORGIVENESS 51,900.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Net special events expenses reported in revenue 12,861.

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IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0154107
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0254373
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01225802
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01434663
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01369422
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01285800
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01326897
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt06642584
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0456
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt05773
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0375
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0474
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0473
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt07551
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01380
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt082423
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0115354
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt077396
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt091634
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0368187
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0456
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt05773
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0375
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0474
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0473
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt07551
IRS990ScheduleA/InvestmentIncomeCYPct00.00110
IRS990ScheduleA/InvestmentIncomePYPct00.00110
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99890
IRS990ScheduleA/PublicSupportPY509Pct00.99890
IRS990ScheduleA/PublicSupportTotal509Amt07010771
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01227182
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01517086
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01484776
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01363196
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01418531
IRS990ScheduleA/Total509Grp/TotalAmt07010771
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01227638
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01522859
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01485151
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01363670
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01419004
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt07018322
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt012861
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01136972
IRS990ScheduleD/OtherExpensesIncludedAmt012861
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt05527
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt016643
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt022170
IRS990ScheduleD/OtherRevenueAmt012861
IRS990ScheduleD/OtherRevenuesNotIncludedAmt051900
IRS990ScheduleD/RevenueNotReportedAmt012861
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt051900
IRS990ScheduleD/RevenueSubtotalAmt01185338
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0NET SPECIAL EVENTS EXPENSES REPORTED IN REVENUE 12,861.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1PPP FORGIVENESS 51,900.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2NET SPECIAL EVENTS EXPENSES REPORTED IN REVENUE 12,861.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05527
IRS990ScheduleD/TotalExpensesPerForm990Amt01136972
IRS990ScheduleD/TotalRevenuePerForm990Amt01237238
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01198199
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01149833
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt012861
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FUNDRAISING
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt01380
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt01380
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt01380
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt01380
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-11481
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt012861
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt012861
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SENT TO BOD/TREASURER FOR REVIEW AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AS NEEDED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPARABILITY DATA
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAIALBLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 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/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0463360
IRS990/TotalAssetsEOYAmt0547357
IRS990/TotalAssetsGrp/BOYAmt0463360
IRS990/TotalAssetsGrp/EOYAmt0547357
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01248263
IRS990/TotalEmployeeCnt012
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0155998
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0980974
IRS990/TotalFunctionalExpensesGrp/TotalAmt01136972
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0309253
IRS990/TotalLiabilitiesEOYAmt0292984
IRS990/TotalLiabilitiesGrp/BOYAmt0309253
IRS990/TotalLiabilitiesGrp/EOYAmt0292984
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0154107
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0254373
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0980974
IRS990/TotalReportableCompFromOrgAmt0132000
IRS990/TotalRevenueGrp/ExclusionAmt0-11025
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01237238

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