The Skating Club Of Boston
- Assets
- $63.7m
- Revenue
- $10.5m
- Investments
- $0.0
- Employees
- 276
- Location
- Norwood, MA
- Founding
- 09/2002
- Data as of
- 06/2023
- EIN
- 04-1839710
Organization Overview
The Skating Club Of Boston is located in Norwood, MA. The organization was established in 2002. According to its NTEE Classification (N68) the organization is classified as: Winter Sports, under the broad grouping of Recreation & Sports and related organizations. As of 06/2023, Skating Club Of Boston employed 276 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Skating Club Of Boston 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 06/2023, Skating Club Of Boston generated $10.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $11.9m during the year ending 06/2023. While expenses have increased by 7.5% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO BE THE LEADER IN ADVANCING PARTICIPATION, EDUCATION AND EXCELLENCE IN ALL DISCIPLINES OF SKATING FOR PEOPLE OF ALL AGES, ABILITIES AND MEANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SKATING CLUB OF BOSTON OPERATES FIGURE SKATING PROGRAMS IN ITS NEW, STATE OF THE ART THREE RINK FACILITY IN NORWOOD. OFFERINGS INCLUDE RECREATIONAL PUBLIC SKATING; RECREATIONAL AND COMPETITIVE PROGRAMS IN PAIRS, SINGLES AND DANCE SKATING; TEAM SYNCHRONIZED SKATING; AND A THEATRE-ON-ICE PROGRAM. THE CLUB ALSO OPERATES A HIGH-PERFORMANCE TRAINING PROGRAM FOR INDIVIDUALS INTERESTED IN COMPETING AT THE NATIONAL AND INTERNATIONAL LEVEL. ON BEHALF OF U.S. FIGURE SKATING, THE NATIONAL GOVERNING BODY FOR THE SPORT, THE CLUB ALSO PERIODICALLY HOSTS QUALIFYING REGIONAL, SECTIONAL AND NATIONAL CHAMPIONSHIPS. CLUB MEMBERS HAVE WON OVER 145 NATIONAL TITLES, SEVERAL WORLD TITLES AND TWO OLYMPIC CHAMPIONSHIPS. ITS MEMBERS HAVE ALSO GONE ON TO LEADERSHIP POSITIONS AT THE NATIONAL AND INTERNATIONAL LEVEL OF GOVERNANCE IN THE SPORT. THE CLUB HAS A YOUTH IN SPORT PROGRAM THAT PROVIDES MONETARY SUPPORT FOR CITY YOUTH AND LOCAL SKATERS LEARNING, APPRECIATING AND EXCELLING IN THE SPORT OF FIGURE SKATING. IT UNDERWRITES THE SKATING AFTER SCHOOL PROGRAM IN THE SKATING ACADEMY AND SUPPORTS LOCAL YOUTH WHO MAY NOT OTHERWISE BE ABLE TO AFFORD THE COST OF SKATING.
THE SKATING CLUB OF BOSTON OPERATES THE BOSTON PARKS DEPARTMENT'S FACILITY AT THE FROG POND ON THE HISTORIC BOSTON COMMON, AS PART OF A PUBLIC-PRIVATE PARTNERSHIP WITH THE CITY OF BOSTON. THE CLUB OPERATES THE FROG POND ON A YEAR-ROUND BASIS WITH THE PURPOSE OF PROVIDING FOUR SEASONS OF FAMILY ENTERTAINMENT. DURING THE WINTER MONTHS, CLUB-MANAGED ACTIVITIES CENTER ON OPERATION OF THE SKATING RINK INCLUDING SKATE RENTALS, PUBLIC SKATING, PRIVATE OUTINGS, AND GROUP AND PRIVATE SKATING LESSONS. THE CLUB ALSO PRODUCES TWO SKATING SHOWS DURING THE WINTER - ONE TO CELEBRATE THE CITY'S TREE LIGHTING AND THE OTHER TO CELEBRATE THE NEW YEAR AS PART OF BOSTON'S FIRST NIGHT CELEBRATIONS. DURING THE WARM WEATHER MONTHS, THE CLUB MAINTAINS AND OPERATES THE REFLECTING AND SPRAY POOL AT THE FROG POND, AS WELL AS A CHILDREN'S CAROUSEL. YEAR ROUND THE CLUB OPERATES THE FROG POND CAFE. IN ADDITION TO THE WINTER SKATING SHOWS THAT ARE FREE TO THE PUBLIC, THE CLUB ALSO PROMOTES AND PRODUCES A FREE MOVIE NIGHT SERIES, FREE YOGA CLASSES AND OTHER EVENTS OF SPECIAL INTEREST TO LOCALS AND TOURISTS ALIKE.
THE SKATING CLUB OF BOSTON'S SKATING ACADEMY IS NEW ENGLAND'S PREMIERE SKATING SCHOOL WITH MULTIPLE PROGRAMS IN SEVERAL BOSTON-AREA LOCATIONS. ENROLLMENT IS CLOSE TO 2,000 STUDENTS, WITH NEW PROGRAMS AND LOCATIONS BEING OFFERED EVERY YEAR. IN ADDITION TO ITS STANDARD CURRICULUM FOR YOUTH AND ADULTS, THE ACADEMY ALSO OPERATED A THERAPEUTIC SKATING PROGRAM FOR CHILDREN WITH EMOTIONAL, LEARNING AND OTHER DISADVANTAGES, AS WELL AS A TWO-WEEK SUMMER SKATING CAMP. THE CLUB'S SKATING ACADEMY ALSO OPERATES ITS SKATING IN THE SCHOOL'S PROGRAM, OFFERING STUDENTS IN BOSTON THE OPPORTUNITY TO LEARN HOW TO SKATE. THE PROGRAM IS FULLY SPONSORED BY THE CLUB AND OUTSIDE SPONSORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Zeghibe Executive Director | Officer | 45 | $265,200 |
Jonathan Jepson Club Director | 45 | $145,970 | |
Leslie Grahm Director Of Events & Programs | 45 | $106,091 | |
Theresa Degiacomo Skating Academy Director | 45 | $101,975 | |
Shelly Martin Director | Trustee | 1 | $0 |
Richard Shaughnessy Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Northstar Project Management Consultant | 6/29/21 | $248,495 |
Deb Ianno Fundraising Consultant | 6/29/21 | $106,500 |
J Calnan Assoc Construction Services | 6/29/21 | $611,075 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,540,330 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $136,062 |
| Noncash contributions included in lines 1a–1f | $4,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,676,392 |
| Total Program Service Revenue | $7,873,846 |
| Investment income | $70,914 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $93,085 |
| Net Gain/Loss on Asset Sales | $78,495 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $670,680 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,463,412 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $19,149 |
| Grants and other assistance to domestic individuals. | $16,759 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $241,095 |
| Compensation of current officers, directors, key employees. | $241,095 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,310,378 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $153,028 |
| Payroll taxes | $333,177 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,954 |
| Fees for services: Accounting | $35,657 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $37,280 |
| Fees for services: Other | $0 |
| Advertising and promotion | $72,953 |
| Office expenses | $692,181 |
| Information technology | $38,960 |
| Royalties | $0 |
| Occupancy | $2,463,717 |
| Travel | $11,475 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $981,497 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,903,770 |
| Insurance | $95,775 |
| All other expenses | $77,863 |
| Total functional expenses | $11,937,216 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $313,031 |
| Savings and temporary cash investments | $223,597 |
| Pledges and grants receivable | $114,663 |
| Accounts receivable, net | $344,762 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $15,195 |
| Prepaid expenses and deferred charges | $183,194 |
| Net Land, buildings, and equipment | $60,084,432 |
| Investments—publicly traded securities | $2,377,159 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $59,384 |
| Other assets | $0 |
| Total assets | $63,715,417 |
| Accounts payable and accrued expenses | $587,591 |
| Grants payable | $0 |
| Deferred revenue | $795,075 |
| Tax-exempt bond liabilities | $23,668,272 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,162,005 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $26,212,943 |
| Net assets without donor restrictions | $35,906,904 |
| Net assets with donor restrictions | $1,595,570 |
| 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 | $63,715,417 |
Grants Awarded
Over the last fiscal year, The Skating Club Of Boston has awarded $11,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BOSTON CHILDREN'S HOSPITAL PURPOSE: GENERAL FUND | $10,000 |
FRIENDS OF THE PUBLIC GARDEN PURPOSE: GENERAL FUND | $1,000 |