Minuteman Flames Minor Hockey Association Inc
- Assets
- $673.9k
- Revenue
- $63.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Concord, MA
- Founding
- 10/1990
- Data as of
- 04/2023
- EIN
- 04-2989275
Organization Overview
Minuteman Flames Minor Hockey Association Inc is located in Concord, MA. The organization was established in 1990. According to its NTEE Classification (N68) the organization is classified as: Winter 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. Minuteman Flames Minor Hockey Association 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 04/2023, Minuteman Flames Minor Hockey Association Inc generated $63.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (30.3%) each year. All expenses for the organization totaled $64.8k during the year ending 04/2023. As we would expect to see with falling revenues, expenses have declined by (30.5%) 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 FOSTER A REGIONAL AMATEUR HOCKEY PROGRAM FOR PARTICIPATION IN REGIONAL, NATIONAL AND INTERNATIONAL AMATEUR LEAGUES AND TOURNAMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NON-FOR-PROFIT MINUTEMAN FLAMES MINOR HOCKEY ASSOCIATION, INC. (THE MM FLAMES INC) CEASED ITS OPERATIONS AT THE END OF ITS FISCAL YEAR 2019 THAT ENDED ON APRIL 30, 2019 BECAUSE STARTING IN MARCH 2019 IT ENTERED INTO AN AGREEMENT WITH THE FOR-PROFIT MINUTEMAN FLAMES MINOR HOCKEY ASSOCIATION, LLC (THE MM FLAMES LLC) TO SELL ALL OF ITS ASSETS AND LIABILITIES AS WELL AS ITS CONTINUED OPERATIONS TO THE MM FLAMES LLC. THE SALE REQUIRED THE APPROVAL OF THE MASSACHUSETTS STATE'S ATTORNEY GENERAL OFFICE (THE MA AG). THE APPROVAL OF THE SALE BY THE MA AG WAS NEVER FINALIZED. BECAUSE OF THIS IN MARCH 2023 THE MM FLAMES LLC CEASED ITS ONGOING OPERATIONS AND THE MM FLAMES INC RESUMED ITS OPERATIONS AND CONDUCTED THE PLAYER TRYOUTS FOR THE 2023/2024 YOUTH HOCKEY SEASON WHICH RESULTED IN A NOMINAL LEVEL OF REVENUE AND EXPENSES FOR THE PERIOD MARCH 2023 THROUGH THEN END OF ITS FISCAL YEAR 2023 THAT ENDED ON APRIL 30, 2023. THE TRANSFER OF THE RESIDUAL MM FLAMES LLC NET ASSETS TO THE MM FLAMES INC IS ANTICIPATED TO OCCUR IN THE NEAR FUTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
H Larue Renfroe President/treasurer/director | OfficerTrustee | 8 | $0 |
Lynda A Renfroe Director | OfficerTrustee | 2 | $0 |
Brian E Farley Clerk | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $63,010 |
| 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 | $63,010 |
| 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 | $11,026 |
| 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 | $199 |
| Insurance | $0 |
| All other expenses | $1,400 |
| Total functional expenses | $64,806 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $523,013 |
| Savings and temporary cash investments | $0 |
| 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 | $422 |
| Net Land, buildings, and equipment | $92,683 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $57,781 |
| Total assets | $673,899 |
| Accounts payable and accrued expenses | $12,466 |
| Grants payable | $0 |
| Deferred revenue | $537,322 |
| 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 | $127,352 |
| Total liabilities | $677,140 |
| Net assets without donor restrictions | -$3,241 |
| 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 | $673,899 |