Oyster River Youth Association
- Assets
- $1.1m
- Revenue
- $507.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Madbury, NH
- Founding
- 07/1994
- Data as of
- 07/2023
- EIN
- 02-0442783
Organization Overview
Oyster River Youth Association is located in Madbury, NH. The organization was established in 1994. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oyster River Youth Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 07/2023, Oyster River Youth Association generated $507.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $505.0k during the year ending 07/2023. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SPORTS AND RECREATIONAL PROGRAMS TO THE YOUTH OF DURHAM, LEE, AND MADBURY NH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING SPORTS AND RECREATION ACTIVITIES TO APPROXIMATELY 2,225 CHILDREN AGES 3-18 THROUGH PROGRAMS INCLUDING SOCCER, BASEBALL, TRACK & FIELD, TENNIS, LACROSSE, ICE PROGRAMS, BASKETBALL, FOOTBALL, AND OTHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Veroneau President | Trustee | 2 | $0 |
Ted Mulligan Vice President | Trustee | 2 | $0 |
David Desmond Treasurer | Trustee | 3 | $0 |
Keith O'brien Secretary | Trustee | 1 | $0 |
Christina Buteau Director - Durham Rep | Trustee | 1 | $0 |
Bevie Ketel Resigned 4-5-23 Director - Madbury Rep | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $18,297 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,297 |
| Total Program Service Revenue | $430,648 |
| Investment income | $3,734 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,960 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $29,457 |
| Net Income from Gaming Activities | $18,084 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $507,180 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $78,833 |
| Compensation of current officers, directors, key employees. | $11,825 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,107 |
| Payroll taxes | $6,032 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,452 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,840 |
| Advertising and promotion | $0 |
| Office expenses | $1,822 |
| Information technology | $53 |
| Royalties | $0 |
| Occupancy | $8,592 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $793 |
| Interest | $13,891 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,674 |
| Insurance | $18,005 |
| All other expenses | $51,134 |
| Total functional expenses | $505,014 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $258,167 |
| Savings and temporary cash investments | $670,178 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,321 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $17,081 |
| Net Land, buildings, and equipment | $142,988 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $716 |
| Total assets | $1,102,451 |
| Accounts payable and accrued expenses | $21,163 |
| Grants payable | $0 |
| Deferred revenue | $140,945 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $509,095 |
| Other liabilities | $12,755 |
| Total liabilities | $683,958 |
| Net assets without donor restrictions | $418,493 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,102,451 |