Friends Of Otters
- Assets
- $57.3k
- Revenue
- $61.8k
- Investments
- $0.0
- Employees
- 13
- Location
- Durham, NH
- Founding
- 01/2011
- Data as of
- 12/2021
- EIN
- 04-3686963
Organization Overview
Friends Of Otters is located in Durham, NH. The organization was established in 2011. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Friends Of Otters employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Otters 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, Friends Of Otters generated $61.8k 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 (13.6%) each year. All expenses for the organization totaled $68.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.0%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FRIENDS OF OTTERS IS AN ORGANIZATION DESIGNED FOR THE PURPOSE OF SUPPORTING A COMMUNITY-BASED SWIM TEAM OPEN TO GRADE SCHOOL AGED ATHLETES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRIENDS OF OTTERS WHICH PROVIDES A COMMUNITY-BASED SWIM TEAM KNOWN AS THE OYSTER RIVER OTTERS. THIS TEAM HAS APPROXIMATELY 228 PARTICIPANTS WHICH HELPS DEVELOP THEIR SWIMMING ABILITIES AND PROVIDES THE OPPORTUNITY TO GROW AS INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Muriel Kelly President | OfficerTrustee | 2 | $0 |
Cathy Cilley Treasurer | OfficerTrustee | 2 | $0 |
Kimberly Sweetman Vice President | OfficerTrustee | 1 | $0 |
Seth Fiermonti Director | Trustee | 1 | $0 |
Mary Lee Director | Trustee | 1 | $0 |
Tobias Dannhausen Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $44,716 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,211 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,927 |
| Total Program Service Revenue | $0 |
| 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 | $61,761 |
| 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 | $37,435 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,691 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $540 |
| 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 | $2,134 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,390 |
| 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 | $79 |
| Insurance | $672 |
| All other expenses | $790 |
| Total functional expenses | $68,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,324 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $57,324 |
| 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 | $5,981 |
| Total liabilities | $5,981 |
| Net assets without donor restrictions | $51,343 |
| 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 | $57,324 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Friends Of Otters has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Usa Swimming Foundation Colorado Springs, CO PURPOSE: CLUB RELIEF | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New England Sailing Foundation Inc Marblehead, MA | $32,351 | $1,795,441 |
Community Boating Inc Boston, MA | $5,688,954 | $2,833,055 |
Winchester Boat Club Winchester, MA | $5,238,512 | $1,099,002 |
Nantucket Community Sailing Inc Nantucket, MA | $4,938,871 | $779,029 |
Piers Park Sailing Center Inc East Boston, MA | $910,975 | $1,064,918 |
Pleasant Bay Community Boating Inc North Chatham, MA | $4,919,007 | $1,766,472 |
Kennebunk Beach Improvement Association Kennebunk, ME | $1,718,660 | $896,686 |
Cambridge Boat Club Cambridge, MA | $1,664,674 | $711,494 |
Winchester Swim Club Inc South Dartmouth, MA | $1,267,611 | $790,941 |
Medford Boat Club Medford, MA | $684,000 | $575,807 |
Greater Lawrence Community Boating Program Inc Lawrence, MA | $340,881 | $480,989 |
Lake Sunapee Yacht Club Sunapee, NH | $1,150,191 | $509,585 |