Civic Intelligence

Gloucester Boxing Inc

990EZ • Fiscal year 2020 • EIN 47-3362937

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 16, 2021

48 Riverside StDanvers, MA 01923-3722

(978) 522-0645

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 2020

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2020

Net Margin

3rd percentile

-462%

Higher net margin than 3% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

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.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

5th percentile

-74%

Faster asset growth than 5% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

5th percentile

-92%

Faster revenue growth than 5% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$4,524

Down $12,598 (-74%) from 2019

Net Assets

Down

$4,524

Down $12,598 (-74%) from 2019

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Down

$2,727

Down $32,603 (-92%) from 2019

Expenses

Down

$15,325

Down $3,676 (-19%) from 2019

Net Income

Down

-$12,598

Down $28,927 (-177%) from 2019

Historical Trend

Balance Sheet Trend

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

$20K$15K$10K$5.0K$0Assets 2015: $6,179Net Assets 2015: $6,1792015Assets 2016: $2,444Net Assets 2016: $2,4442016Assets 2017: $4,655Net Assets 2017: $4,6552017Assets 2018: $793Net Assets 2018: $7932018Assets 2019: $17,122Net Assets 2019: $17,1222019Assets 2020: $4,524Net Assets 2020: $4,5242020Assets 2021: $5,789Net Assets 2021: $5,7892021

Highlighted filing

2020

Assets$4,524
Liabilities-
Net Assets$4,524

Operations Trend

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

$60K$40K$20K$0-$20KRevenue 2015: $12,469Expenses 2015: $6,290Net Income 2015: $6,1792015Revenue 2016: $37,639Expenses 2016: $41,374Net Income 2016: -$3,7352016Revenue 2017: $37,472Expenses 2017: $35,261Net Income 2017: $2,2112017Revenue 2018: $35,715Expenses 2018: $39,577Net Income 2018: -$3,8622018Revenue 2019: $35,330Expenses 2019: $19,001Net Income 2019: $16,3292019Revenue 2020: $2,727Expenses 2020: $15,325Net Income 2020: -$12,5982020Revenue 2021: $16,169Expenses 2021: $14,904Net Income 2021: $1,2652021

Highlighted filing

2020

Revenue$2,727
Expenses$15,325
Net Income-$12,598
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 16, 2021
Return Version
2020v4.0
Gross Receipts
$2,727
Mission and Program Overview

Mission

To mentor youth in the local community by providing a safe environment that promotes well being, personal development and community engagement. To teach the sport of boxing and cultivate young athlethes.

To mentor youth in the local community through education of the sport of boxing

Program Services

DescriptionGrantsExpenses
TO MENTOR THE YOUTH IN THE LOCAL COMMUNITY THROUGH EDUCATION OF THE SPORT OF BOXING$0$9,908
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
RICHARD OSTERBERGPresident And TreasurerPT$0--
PETER CANNAVOVice President-$0--
SHANE FULFORDClerk-$0--
WEESLEY PREVOSTDirectorPT$0--
CARLOS PACHECODirectorPT$0--
LEO CANNAVODirector-$0--
Filing and Contact Details

Filer

Filer Name
Gloucester Boxing Inc
EIN
47-3362937
In Care Of
% RICHARD KIRK OSTERBERG
Address
48 RIVERSIDE ST, DANVERS, MA 01923-3722

Signing Officer

Name
Richard Osterberg
Title
President
Signed
2021-11-16
Discuss with paid preparer
No

Preparer

Firm
Balbo Bookkeeping & Accounting LLC
Address
PO Box 1345, Gloucester, MA 01931
Preparer
Mary L Balbo
Supplemental Narrative

Additional Explanations

Part I, line 16

| Other Expenses:, Amount:| ADVERTISING, $62.00| FEES, $219.00| SUPPLIES, $1807.00| INSURANCE, $1028.00| OFFICE EXPENSES, $1368.00| SOFTWARE EXPENSES, $2153.00|

Raw XML Appendix163 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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IRS990EZ/OtherChangesInNetAssetsAmt00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Other Expenses:, Amount:| ADVERTISING, $62.00| FEES, $219.00| SUPPLIES, $1807.00| INSURANCE, $1028.00| OFFICE EXPENSES, $1368.00| SOFTWARE EXPENSES, $2153.00|
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, line 16
ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD OSTERBERG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GLOUCESTER BOXING INC
ReturnHeader/Filer/BusinessNameControlTxt0GLOU
ReturnHeader/Filer/EIN0473362937
ReturnHeader/Filer/ForeignPhoneNum07985220645
ReturnHeader/Filer/InCareOfNm0% RICHARD KIRK OSTERBERG
ReturnHeader/Filer/USAddress/AddressLine1Txt048 RIVERSIDE ST
ReturnHeader/Filer/USAddress/CityNm0DANVERS
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ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Mary L Balbo
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ReturnHeader/ReturnTs02021-11-16T14:38:04-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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Filings