Bolduc Park Association
- Assets
- $687.5k
- Revenue
- $130.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Gilford, NH
- Founding
- 07/1996
- Data as of
- 12/2021
- EIN
- 02-0475974
Organization Overview
Bolduc Park Association is located in Gilford, NH. The organization was established in 1996. According to its NTEE Classification (N30) the organization is classified as: Physical Fitness & Community Recreational Facilities, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bolduc Park 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 12/2021, Bolduc Park Association generated $130.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $86.8k during the year ending 12/2021. While expenses have increased by 8.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FREE COMMUNITY RECREATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED GOLF AND CROSS COUNTRY SKIING FACILITY FOR THE FREE USE OF THE PUBLIC, ON A DONATION BASIS. OVER 10,000 ROUNDS OF GOLF WERE PLAYED. USE OF THE GOLF COURSE AND/OR SKI TRAILS WERE PROVIDED FOR FREE TO LOCAL HIGH SCHOOL GOLF TEAMS. A DISK GOLF COURSE IS OFFERED. THE FACILITY WAS MADE AVAILABLE TO A SUMMER GOLF CAMP WHICH TAUGHT OVER 750 CHILDREN. AN ADAPTIVE SKI PROGRAM WAS RUN FOR FAMILIES. WALKING TRAILS AND GEO-CACHING ARE OFFERED FOR FREE TO THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judi Phelps Treasurer | Officer | 10 | $0 |
Ray Bole President | Officer | 5 | $0 |
Tom Messmore Vice President | Trustee | 2 | $0 |
Cynthia Church Assistant Secretary | Trustee | 2 | $0 |
Perry Hadley Secretary | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $230 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $51,790 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,020 |
| Total Program Service Revenue | $5,862 |
| Investment income | $53,525 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $7,419 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $12,206 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $130,944 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,122 |
| Insurance | $8,644 |
| All other expenses | $37,037 |
| Total functional expenses | $86,839 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75 |
| Savings and temporary cash investments | $27,327 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $225,906 |
| Investments—publicly traded securities | $421,723 |
| Investments—other securities | $0 |
| Investments—program-related | $12,500 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $687,531 |
| Accounts payable and accrued expenses | $440 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $440 |
| Net assets without donor restrictions | $0 |
| 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 | $687,091 |
| Total liabilities and net assets/fund balances | $687,531 |
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Albert & Amelia Ferst Operating Foundation Westfield, MA | $6,093,552 | $1,084,629 |
Northshire Civic Center Inc Manchester Center, VT | $5,228,998 | $1,057,975 |
Bristol Recreation Advisory Council Bristol, NH | $921,082 | $809,649 |
Big Rock Mars Hill, ME | $1,838,013 | $953,661 |
Friends Of Seabrook Community Seabrook, NH | $88,559 | $515,160 |
Cycle Kids Inc Cambridge, MA | $1,674,656 | $1,128,098 |