Friends Of Flynn Rink Inc
- Assets
- $217.3k
- Revenue
- $710.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Medford, MA
- Founding
- 07/2006
- Data as of
- 06/2023
- EIN
- 20-4710167
Organization Overview
Friends Of Flynn Rink Inc is located in Medford, MA. The organization was established in 2006. 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. Friends Of Flynn Rink 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 06/2023, Friends Of Flynn Rink Inc generated $710.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $730.9k during the year ending 06/2023. While expenses have increased by 2.1% 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 OPERATE, MANAGE, IMPROVE, REPAIR AND MAINTAIN THE FLYNN RINK ON WOODLAND ROAD IN MEDFORD, MASSACHUSETTS AND TO ENSURE THAT EVERY EFFORT IS MADE TO BALANCE THE ICE ALLOCATION NEEDS OF LONG-ESTABLISHED NON PROFIT YOUTH ORGANIZATIONS AND NEWLY-FORMED NON PROFIT YOUTH ORGANIZATIONS IN A MANNER THAT PROVIDES EQUAL OPPORTUNITY AND EQUAL ACCESS FOR YOUTHS OF EACH GENDER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HELP PROVIDE FUNDS TO MAINTAIN FLYNN RINK.FLYNN RINK OFFERS A VARIETY OF SKATING OPPORTUNITIES TO CATER TO ALL AGES AND ALL ABILITIES. BASIC SKILLS CLASSES ARE THE FOUNDATION FOR BOTH LEARN TO PLAY HOCKEY AND FREESTYLE FIGURE SKATING. THE BASIC SKILLS LEVELS ARE DEVELOPED BY THE UNITED STATES FIGURE SKATING ASSOCIATION (USFSA) AND ARE DESIGNED TO BE THE BEST BEGINNING ICE-SKATING PROGRAM. THE LEARN TO SKATE PROGRAM ALLOWS SKATERS OF ALL AGES AND ABILITIES TO LEARN THE FUNDAMENTAL SKILLS NECESSARY TO PLAY HOCKEY, FIGURE SKATE OR JUST RECREATIONAL SKATING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Paul Martignetti President And Director | OfficerTrustee | 1 | $0 |
Frank Sorrenti Treasurer | OfficerTrustee | 1 | $0 |
John Mercer Clerk And Director | OfficerTrustee | 1 | $0 |
Patrick Aufiero Director | Trustee | 1 | $0 |
David Hennessey Director | Trustee | 1 | $0 |
Ronald Martignetti Director | Trustee | 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 | $680,013 |
| 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 | $30,865 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $710,878 |
| 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 | $270,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,677 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,481 |
| Advertising and promotion | $100 |
| Office expenses | $20,221 |
| Information technology | $12,394 |
| Royalties | $0 |
| Occupancy | $281,164 |
| 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 | $11,375 |
| Insurance | $10,481 |
| All other expenses | $0 |
| Total functional expenses | $730,901 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150,606 |
| 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 | $66,733 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $217,339 |
| Accounts payable and accrued expenses | $74,793 |
| 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 | $74,793 |
| Net assets without donor restrictions | $142,546 |
| 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 | $217,339 |