Islanders Hockey Club Inc
- Assets
- $339.3k
- Revenue
- $9.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Nashua, NH
- Founding
- 09/1995
- Data as of
- 03/2021
- EIN
- 02-0477033
Organization Overview
Islanders Hockey Club Inc is located in Nashua, NH. The organization was established in 1995. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, 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. Islanders Hockey Club Inc 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 03/2021, Islanders Hockey Club Inc generated $9.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (49.5%) each year. All expenses for the organization totaled $71.4k during the year ending 03/2021. 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
TO FOSTER NATIONAL AND INTERNATIONAL COMPETITION WHILE DEVELOPING AND SUPPORTING STUDENT ATHLETES TO FURTHER THEIR EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES TRAINING AND FACILITIES TO APPROXIMATELY 90 AMATUER ATHLETES ANNUALLY. IN ADDITION TO THE SKILLS TRAINING PROVIDED; THEY ARE TAUGHT OF VALUE OF TEAM SPIRIT AND SPORTSMANSHIP. THE SKILLS DEVELOPMENT PROVIDES A PLATFORM TO FOSTER NATIONAL AND INTERNATIONAL SPORTS COMPETITION.
THE ORGANIZATION PROVIDES TRAINING AND FACILITIES TO APPROXIMATELY 90 AMATUER ATHLETES ANNUALLY. IN ADDITION TO THE SKILLS TRAINING PROVIDED; THEY ARE TAUGHT OF VALUE OF TEAM SPIRIT AND SPORTSMANSHIP. THE SKILLS DEVELOPMENT PROVIDES A PLATFORM TO FOSTER NATIONAL AND INTERNATIONAL SPORTS COMPETITION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Gallant President | OfficerTrustee | 5 | $0 |
Debra Madden Treasurer | Officer | 5 | $0 |
Brian Donahoe Director | Trustee | 1 | $0 |
Francis Murphy Director | Trustee | 1 | $0 |
Gary Ford Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,200 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,200 |
| Statement of Expenses | |
|---|---|
| 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 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 | $1,000 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $71,400 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,719 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $268,730 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $37,814 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $339,263 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $339,263 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Islanders Hockey Club Inc has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Weston Golf Club Inc Weston, MA | $20,248,501 | $11,312,979 |
Woodland Golf Club Of Auburndale Auburndale, MA | $17,847,721 | $11,196,754 |
Dedham Country And Polo Club Dedham, MA | $24,123,080 | $9,937,286 |
Boston Athletic Assoc Boston, MA | $31,710,723 | $11,798,031 |
Nashua Country Club Nashua, NH | $11,876,858 | $9,163,090 |
Eastward Ho Country Club Inc Chatham, MA | $17,613,791 | $8,453,262 |
Myopia Hunt Club South Hamilton, MA | $17,150,391 | $8,958,178 |
Essex County Club Manchester, MA | $14,120,827 | $8,722,942 |
Bald Peak Colony Club Melvin Village, NH | $11,276,451 | $8,005,657 |
Woodlands Club Falmouth, ME | $13,018,024 | $8,041,545 |
Harvard Club Of Boston Boston, MA | $27,331,875 | $7,044,693 |
Wianno Club Osterville, MA | $17,037,797 | $7,148,849 |