Civic Intelligence

Waltham Gridiron Club Foundation Inc.

990EZ • Fiscal year 2017 • EIN 46-4999829

Jan 01, 2017 to Dec 31, 2017 • Filed on Jan 15, 2020

16 Berkshire RoadWaltham, MA 02453

(617) 281-5205

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2017

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2017

Net Margin

49th percentile

2.9%

Higher net margin than 49% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

57th percentile

6.6%

Faster asset growth than 57% of similar nonprofits.

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

Revenue Growth

31st percentile

-12%

Faster revenue growth than 31% of similar nonprofits.

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

Assets

Up

$34,322

Up $2,120 (+6.6%) from 2016

Net Assets

Up

$34,322

Up $2,120 (+6.6%) from 2016

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Down

$74,258

Down $9,922 (-12%) from 2016

Expenses

Up

$72,138

Up $585 (+0.8%) from 2016

Net Income

Down

$2,120

Down $10,507 (-83%) from 2016

Historical Trend

Balance Sheet Trend

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

$60K$40K$20K$0Assets 2014: $24,968Liabilities 2014: $02014Assets 2015: $19,575Net Assets 2015: $19,5752015Assets 2016: $32,202Net Assets 2016: $32,2022016Assets 2017: $34,322Net Assets 2017: $34,3222017Assets 2018: $48,262Net Assets 2018: $48,2622018Assets 2019: $36,879Net Assets 2019: $36,8792019Assets 2020: $44,057Liabilities 2020: $93Net Assets 2020: $43,9642020Assets 2021: $47,624Net Assets 2021: $47,6242021Assets 2022: $46,986Liabilities 2022: $4,818Net Assets 2022: $42,1682022Assets 2023: $49,134Liabilities 2023: $562Net Assets 2023: $48,5722023Assets 2024: $57,068Net Assets 2024: $57,0682024

Highlighted filing

2017

Assets$34,322
Liabilities-
Net Assets$34,322

Operations Trend

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

$100K$50K$0-$50KRevenue 2014: $75,138Expenses 2014: $50,170Net Income 2014: $24,9682014Revenue 2015: $45,049Expenses 2015: $50,442Net Income 2015: -$5,3932015Revenue 2016: $84,180Expenses 2016: $71,553Net Income 2016: $12,6272016Revenue 2017: $74,258Expenses 2017: $72,138Net Income 2017: $2,1202017Revenue 2018: $64,108Expenses 2018: $50,167Net Income 2018: $13,9412018Revenue 2019: $40,506Expenses 2019: $51,889Net Income 2019: -$11,3832019Revenue 2020: $27,074Expenses 2020: $19,990Net Income 2020: $7,0842020Revenue 2021: $53,722Expenses 2021: $50,062Net Income 2021: $3,6602021Revenue 2022: $44,193Expenses 2022: $49,649Net Income 2022: -$5,4562022Revenue 2023: $40,914Expenses 2023: $34,510Net Income 2023: $6,4042023Revenue 2024: $52,446Expenses 2024: $43,951Net Income 2024: $8,4952024

Highlighted filing

2017

Revenue$74,258
Expenses$72,138
Net Income$2,120
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jan 15, 2020
Return Version
2017v2.3
Gross Receipts
$112,255
Mission and Program Overview

Mission

To encourage and assist the student-athletes who are members of the waltham high school football team and the waltham high school football cheerleaders. To encourage and assist the coaches and administrators of the waltham high school football and cheerleading teams and of the waltham high school, respectively. To foster and enhance the character and development of these student- athletes by initiating programs and scholarships which reward sportsmanship and excellence. To facilitate communication between the coaches and the parents of these student-athletes. To promote the waltham high school football teams and cheerleaders, including freshmen, sophomore, junior varsity and varsity football and cheerleading teams. To maintain communication with alumni and friends of the waltham high school football and cheerleading teams to encourage and promote continued participation between waltham high school football and cheerleaders and their alumni and friends, and to at all times recognize tha

Program Services

DescriptionGrantsExpenses
TO ENCOURAGE AND ASSIST THE STUDENT-ATHLETES WHO ARE MEMBERS OF THE WALTHAM HIGH SCHOOL FOOTBALL TEAM AND THE WALTHAM HIGH SCHOOL FOOTBALL CHEERLEADERS AS WELL AS THE COACHES AND ADMINISTRATORS OF WALTHAM HIGH SCHOOL. TO PROMOTE THE WALTHAM HIGH SCHOOL FOOTBALL TEAMS AND CHEERLEADERS, INCLUDING FRESHMEN, SOPHOMORE, JUNIOR VARSITY AND VARSITY FOOTBALL AND CHEERLEADING TEAMS. TO FOSTER AND ENHANCE THE CHARACTER AND DEVELOPMENT OF THESE STUDENT- ATHLETES BY INITIATING PROGRAMS AND SCHOLARSHIPS WHICH REWARD SPORTSMANSHIP AND EXCELLENCE. TO FACILITATE COMMUNICATION BETWEEN THE COACHES AND THE PARENTS OF THESE STUDENT-ATHLETES. TO MAINTAIN COMMUNICATION WITH ALUMNI AND FRIENDS OF THE WALTHAM HIGH SCHOOL FOOTBALL AND CHEERLEADING TEAMS TO ENCOURAGE AND PROMOTE CONTINUED PARTICIPATION BETWEEN WALTHAM HIGH SCHOOL FOOTBALL AND CHEERLEADERS AND THEIR ALUMNI AND FRIENDS, AND TO AT ALL TIMES RECOGNIZE THAT OUR PARAMOUNT OBJECTIVE IS TO BUILD COMPETITIVE, RESPECTFUL, INTELLIGENT STUDENT-ATHLETES AS AMBASSADORS OF THE WALTHAM HIGH SCHOOL FOOTBALL AND CHEERLEADING PROGRAMS.--
TO MAINTAIN COMMUNICATION WITH ALUMNI AND FRIENDS OF THE WALTHAM HIGH SCHOOL FOOTBALL AND CHEERLEADING TEAMS TO ENCOURAGE AND PROMOTE CONTINUED PARTICIPATION BETWEEN WALTHAM HIGH SCHOOL FOOTBALL AND CHEERLEADERS AND THEIR ALUMNI AND FRIENDS, AND TO AT ALL TIMES RECOGNIZE THAT OUR PARAMOUNT OBJECTIVE IS TO BUILD COMPETITIVE, RESPECTFUL, INTELLIGENT STUDENT-ATHLETES AS AMBASSADORS OF THE WALTHAM HIGH SCHOOL FOOTBALL AND CHEERLEADING PROGRAMS.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
PATTI HOVSEPIANPresident-$0--
CANDACE MEDBERYVice Preside-$0--
BILL HANLEYSecretary-$0--
ED FRANCETrustee-$0--
STEVE DEVANETrustee-$0--
ED LOGUETrustee-$0--
Filing and Contact Details

Filer

Filer Name
Waltham Gridiron Club Foundation
EIN
46-4999829
Phone
6172815205
Address
16 BERKSHIRE ROAD, WALTHAM, MA 02453

Signing Officer

Name
Patti Hovsepian
Title
President
Phone
6172815205
Signed
2020-01-15
Discuss with paid preparer
Yes

Preparer

Firm
Marc D Schwartz CPA Pc
Address
3 ALLIED DR STE 108, DEDHAM, MA 02026
Preparer
Marc D Schwartz
Phone
7814715125
Supplemental Narrative

Additional Explanations

Form 990-ez, Page 1, Item B

After the original return was filed, more accurate information became available.

Form 990-ez, Part I, Line 16

Expenses office expenses 159 coaching and umpires 16,353 team clothing & uniforms 11,247 cheer & choreography exp 16,628 players & coaches eqpt 6,518 video production expenses 999 event expenses 17,471 filing fees 35 insurance 1,054 non-investment depreciation 77 total 70,541

Form 990-ez, Part II, Line 24

536 536 less accumulated depreciation 102 179 organization costs 7,825 7,825 less accumulated amortization 1,478 2,000 total 6,781 6,182

Form 990-ez, Part III

To encourage and assist the student-athletes who are members of the waltham high school football team and the waltham high school football cheerleaders. To encourage and assist the coaches and administrators of the waltham high school football and cheerleading teams and of the waltham high school, respectively. To foster and enhance the character and development of these student- athletes by initiating programs and scholarships which reward sportsmanship and excellence. To facilitate communication between the coaches and the parents of these student-athletes. To promote the waltham high school football teams and cheerleaders, including freshmen, sophomore, junior varsity and varsity football and cheerleading teams. To maintain communication with alumni and friends of the waltham high school football and cheerleading teams to encourage and promote continued participation between waltham high school football and cheerleaders and their alumni and friends, and to at all times recognize that our paramount objective is to build competitive, respectful, intelligent student-athletes as ambassadors of the waltham high school football and cheerleading programs.

Form 990-ez, Part III, Line 28

To encourage and assist the student-athletes who are members of the waltham high school football team and the waltham high school football cheerleaders as well as the coaches and administrators of waltham high school. To promote the waltham high school football teams and cheerleaders, including freshmen, sophomore, junior varsity and varsity football and cheerleading teams. To foster and enhance the character and development of these student- athletes by initiating programs and scholarships which reward sportsmanship and excellence. To facilitate communication between the coaches and the parents of these student-athletes. To maintain communication with alumni and friends of the waltham high school football and cheerleading teams to encourage and promote continued participation between waltham high school football and cheerleaders and their alumni and friends, and to at all times recognize that our paramount objective is to build competitive, respectful, intelligent student-athletes as ambassadors of the waltham high school football and cheerleading programs.

Form 990-ez, Part III, Line 31

To maintain communication with alumni and friends of the waltham high school football and cheerleading teams to encourage and promote continued participation between waltham high school football and cheerleaders and their alumni and friends, and to at all times recognize that our paramount objective is to build competitive, respectful, intelligent student-athletes as ambassadors of the waltham high school football and cheerleading programs.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AFTER THE ORIGINAL RETURN WAS FILED, MORE ACCURATE INFORMATION BECAME AVAILABLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES OFFICE EXPENSES 159 COACHING AND UMPIRES 16,353 TEAM CLOTHING & UNIFORMS 11,247 CHEER & CHOREOGRAPHY EXP 16,628 PLAYERS & COACHES EQPT 6,518 VIDEO PRODUCTION EXPENSES 999 EVENT EXPENSES 17,471 FILING FEES 35 INSURANCE 1,054 NON-INVESTMENT DEPRECIATION 77 TOTAL 70,541
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2536 536 LESS ACCUMULATED DEPRECIATION 102 179 ORGANIZATION COSTS 7,825 7,825 LESS ACCUMULATED AMORTIZATION 1,478 2,000 TOTAL 6,781 6,182
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TO ENCOURAGE AND ASSIST THE STUDENT-ATHLETES WHO ARE MEMBERS OF THE WALTHAM HIGH SCHOOL FOOTBALL TEAM AND THE WALTHAM HIGH SCHOOL FOOTBALL CHEERLEADERS. TO ENCOURAGE AND ASSIST THE COACHES AND ADMINISTRATORS OF THE WALTHAM HIGH SCHOOL FOOTBALL AND CHEERLEADING TEAMS AND OF THE WALTHAM HIGH SCHOOL, RESPECTIVELY. TO FOSTER AND ENHANCE THE CHARACTER AND DEVELOPMENT OF THESE STUDENT- ATHLETES BY INITIATING PROGRAMS AND SCHOLARSHIPS WHICH REWARD SPORTSMANSHIP AND EXCELLENCE. TO FACILITATE COMMUNICATION BETWEEN THE COACHES AND THE PARENTS OF THESE STUDENT-ATHLETES. TO PROMOTE THE WALTHAM HIGH SCHOOL FOOTBALL TEAMS AND CHEERLEADERS, INCLUDING FRESHMEN, SOPHOMORE, JUNIOR VARSITY AND VARSITY FOOTBALL AND CHEERLEADING TEAMS. TO MAINTAIN COMMUNICATION WITH ALUMNI AND FRIENDS OF THE WALTHAM HIGH SCHOOL FOOTBALL AND CHEERLEADING TEAMS TO ENCOURAGE AND PROMOTE CONTINUED PARTICIPATION BETWEEN WALTHAM HIGH SCHOOL FOOTBALL AND CHEERLEADERS AND THEIR ALUMNI AND FRIENDS, AND TO AT ALL TIMES RECOGNIZE THAT OUR PARAMOUNT OBJECTIVE IS TO BUILD COMPETITIVE, RESPECTFUL, INTELLIGENT STUDENT-ATHLETES AS AMBASSADORS OF THE WALTHAM HIGH SCHOOL FOOTBALL AND CHEERLEADING PROGRAMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TO ENCOURAGE AND ASSIST THE STUDENT-ATHLETES WHO ARE MEMBERS OF THE WALTHAM HIGH SCHOOL FOOTBALL TEAM AND THE WALTHAM HIGH SCHOOL FOOTBALL CHEERLEADERS AS WELL AS THE COACHES AND ADMINISTRATORS OF WALTHAM HIGH SCHOOL. TO PROMOTE THE WALTHAM HIGH SCHOOL FOOTBALL TEAMS AND CHEERLEADERS, INCLUDING FRESHMEN, SOPHOMORE, JUNIOR VARSITY AND VARSITY FOOTBALL AND CHEERLEADING TEAMS. TO FOSTER AND ENHANCE THE CHARACTER AND DEVELOPMENT OF THESE STUDENT- ATHLETES BY INITIATING PROGRAMS AND SCHOLARSHIPS WHICH REWARD SPORTSMANSHIP AND EXCELLENCE. TO FACILITATE COMMUNICATION BETWEEN THE COACHES AND THE PARENTS OF THESE STUDENT-ATHLETES. TO MAINTAIN COMMUNICATION WITH ALUMNI AND FRIENDS OF THE WALTHAM HIGH SCHOOL FOOTBALL AND CHEERLEADING TEAMS TO ENCOURAGE AND PROMOTE CONTINUED PARTICIPATION BETWEEN WALTHAM HIGH SCHOOL FOOTBALL AND CHEERLEADERS AND THEIR ALUMNI AND FRIENDS, AND TO AT ALL TIMES RECOGNIZE THAT OUR PARAMOUNT OBJECTIVE IS TO BUILD COMPETITIVE, RESPECTFUL, INTELLIGENT STUDENT-ATHLETES AS AMBASSADORS OF THE WALTHAM HIGH SCHOOL FOOTBALL AND CHEERLEADING PROGRAMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TO MAINTAIN COMMUNICATION WITH ALUMNI AND FRIENDS OF THE WALTHAM HIGH SCHOOL FOOTBALL AND CHEERLEADING TEAMS TO ENCOURAGE AND PROMOTE CONTINUED PARTICIPATION BETWEEN WALTHAM HIGH SCHOOL FOOTBALL AND CHEERLEADERS AND THEIR ALUMNI AND FRIENDS, AND TO AT ALL TIMES RECOGNIZE THAT OUR PARAMOUNT OBJECTIVE IS TO BUILD COMPETITIVE, RESPECTFUL, INTELLIGENT STUDENT-ATHLETES AS AMBASSADORS OF THE WALTHAM HIGH SCHOOL FOOTBALL AND CHEERLEADING PROGRAMS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PAGE 1, ITEM B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 28
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III, LINE 31
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