2024-04-01T14:42:44-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 4 BATTERYMARCH PARK SUITE 100 QUINCY MA 02169 990 2022-07-01 041839710 THE SKATING CLUB OF BOSTON SKAT 6177825900 750 UNIVERSITY AVENUE NORWOOD MA 02062 KELLY REQUADT PRESIDENT 6177825900 2024-03-25 1 KELLY REQUADT 999009999 0 SHANNON CROWLEY P01594935 6177170831 2024-03-25 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ANN BUCKLEY 750 UNIVERSITY AVENUE NORWOOD MA 02062 12534722 0 X WWW.SCBOSTON.ORG X 1912 MA TO BE THE LEADER IN ADVANCING PARTICIPATION, EDUCATION AND EXCELLENCE IN ALL DISCIPLINES OF SKATING FOR PEOPLE OF ALL AGES, ABILITIES AND MEANS. 13 12 276 200 0 0 1736410 1676392 6751725 7873846 119160 149409 698820 763765 9306115 10463412 49280 35908 0 0 3824971 4037678 3395 0 209 7454012 7863630 11331658 11937216 -2025543 -1473804 66481446 63715417 27631981 26212943 38849465 37502474 X THE ORGANIZATION'S MISSION IS TO BE THE LEADER IN ADVANCING PARTICIPATION, EDUCATION AND EXCELLENCE IN ALL DISCIPLINES OF SKATING FOR PEOPLE OF ALL AGES, ABILITIES AND MEANS. 0 0 8149437 35908 4819876 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. 992823 1919265 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. 584619 1134705 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. 9726879 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 18 0 1 276 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 12 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X CHRISTINE MCMURRAY 6177825900 750 UNIVERSITY AVE NORWOOD MA 02062 DOUGLAS ZEGHIBE EXECUTIVE DIRECTOR 45.00 X 265200 0 8680 JONATHAN JEPSON CLUB DIRECTOR 45.00 X 145970 0 8680 LESLIE GRAHM DIRECTOR OF EVENTS & PROGRAMS 45.00 X 106091 0 8080 THERESA DEGIACOMO SKATING ACADEMY DIRECTOR 45.00 X 101975 0 600 SHELLY MARTIN DIRECTOR 1.00 X 0 0 0 RICHARD SHAUGHNESSY DIRECTOR 1.00 X 0 0 0 KRISTEN TUDISCO DIRECTOR 5.00 X 0 0 0 LAURA DAYS DIRECTOR 1.00 X 0 0 0 RONELLEN GAGNON DIRECTOR 1.00 X 0 0 0 ALETA FORCIONE DIRECTOR 1.00 X 0 0 0 ERICA MACINNES DIRECTOR 1.00 X 0 0 0 DEAN STEEGER DIRECTOR 5.00 X 0 0 0 ELLIOT SCHWARTZ DIRECTOR 1.00 X 0 0 0 GEORGE D'ARBELOFF DIRECTOR/TREASURER 5.00 X X 0 0 0 DEBORAH GAFF DIRECTOR/SECRETARY 1.00 X X 0 0 0 ANN BUCKLEY DIRECTOR/PRESIDENT 5.00 X X 0 0 0 KELLY REQUADT DIRECTOR/VICE PRESIDENT 5.00 X X 0 0 0 619236 0 26040 3 0 1 0 0 1540330 136062 4500 1676392 SKATING RINK FEES 711300 3649502 3649502 OTHER REVENUE FOR SKATING PROGRAM 711300 2609466 2609466 INSTRUCTIONAL PROGRAMS 711300 1113543 1113543 BOSTON COMMON CAROUSEL REVENUE 711300 284787 284787 OTHER REVENUE 711300 216548 216548 7873846 70914 70914 93085 0 93085 93085 93085 1900921 1822426 78495 78495 78495 919564 248884 670680 670680 10463412 7873846 0 913174 19149 19149 16759 16759 241095 241095 3310378 2770303 540075 153028 150013 3015 333177 202903 130274 19954 19954 35657 35657 37280 37280 72953 42019 30725 209 692181 636251 55930 38960 22518 16442 2463717 2416884 46833 11475 8477 2998 981497 981497 1903770 1903770 95775 79956 15819 FOOD SERVICES 593916 593916 OTHER PROGRAM EXPENSE 462517 456594 5923 0 OFFICIALS 229261 229261 ICE RENTAL EXPENSE 146854 146854 77863 31252 46611 11937216 9726879 2210128 209 243125 313031 180723 223597 164690 114663 371078 344762 15195 476118 183194 65979657 5895225 61900378 60084432 3081197 2377159 64137 59384 66481446 63715417 802067 587591 897838 795075 24145071 23668272 1787005 1162005 27631981 26212943 X 37266511 35906904 1582954 1595570 38849465 37502474 66481446 63715417 -1473804 126813 0 X 0 1 X 1 0 X 1193472 1883081 3317183 1736410 1676392 9806538 4839737 3776329 3577381 7566181 8793410 28553038 6033209 5659410 6894564 9302591 10469802 38359576 152270 65150 50148 20704 36700 324972 436204 436204 588474 65150 50148 20704 36700 761176 37598400 650558 291868 128006 165847 163999 1400278 650558 291868 128006 165847 163999 1400278 722057 722057 6683767 5951278 7744627 9468438 10633801 40481911 0.92880 0.91680 0.03460 0.04030 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2020 AMOUNT: $ 722,057. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 1181140 115488 44194 1252434 1357762 2214 -178836 1181140 1038208 13120 306434 1357762 1015955 22253 1038208 1.00000 0.00000 0.00000 0 0 7143305 7143305 46205076 4030259 42174817 7245183 77203 7167980 3014998 1224156 1790842 2371095 563607 1807488 60084432 9820332 126813 248884 375697 9444635 37280 981497 1018777 10463412 11167323 248884 248884 10918439 37280 981497 1018777 11937216 PART III, LINE 1A: COLLECTIONS CONSIST OF TROPHIES, MEDALS AND SIMILAR ASSETS THAT ARE HELD FOR PUBLIC EXHIBITION. AS PERMITTED BY ACCOUNTING STANDARDS, THE ORGANIZATION DOES NOT CAPITALIZE DONATED OR PURCHASED COLLECTION ITEMS; THEREFORE, THEY ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION OR CONTRIBUTION REVENUE ON THE STATEMENT OF ACTIVITIES AND CHANGES IN NET ASSETS. EACH OF THE ITEMS IS CATALOGED, PRESERVED AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN UNRESTRICTED NET ASSETS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED, OR AS TEMPORARILY RESTRICTED NET ASSETS IF A DONOR MAKES A CONTRIBUTION INTENDED TO FUND THE SUBSEQUENT PURCHASE OF COLLECTIONS. CONTRIBUTIONS OF COLLECTIONS ARE NOT REFLECTED IN THE FINANCIAL STATEMENTS. PART III, LINE 4: THE SKATING CLUB OF BOSTON MAINTAINS A COLLECTION OF MEDALS, TROPHIES, BOOKS, PHOTOS AND MEMENTOS THAT SPAN 100 YEARS OF FIGURE SKATING HISTORY. THE COLLECTION IS KEPT ON DISPLAY AT THE CLUB HOME IN NORWOOD, MA AS PART OF ITS MISSION TO EDUCATE THE PUBLIC ON THE RICH HISTORY OF THE SPORT IN THE UNITED STATES, AND IN PARTICULAR, IN BOSTON, THE ORIGINAL HOME TO U.S. FIGURE SKATING. CLUB HISTORIANS ARE AVAILABLE TO TALK ABOUT THE COLLECTION AND THE HISTORY OF THE SPORT, INCLUDING THE RICH HISTORY OF THE SKATING CLUB OF BOSTON. PART V, LINE 4: THE BOARD PLANS TO HOLD THE ENDOWMENT FUNDS AND USE THE EARNINGS FOR OPERATIONS AS THE BOARD VOTES AND APPROVES. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 248,884. PART XI, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSE 981,497. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 248,884. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSE 981,497. 1 SCHOLARSHIPS 3 16759 PART I, LINE 2: THE SCHOLARSHIPS ARE AWARDED TO SUPPORT CLUB MEMBERS IN THE ICE DANCE, PAIRS AND SINGLES (MEN AND WOMEN) DISCIPLINES, IN KEEPING WITH THE DISCIPLINES OF THE ISU WORLD FIGURE SKATING CHAMPIONSHIPS. -SKATERS MUST REPRESENT THE SKATING CLUB OF BOSTON IN QUALIFYING U.S. FIGURE SKATING COMPETITIONS, AND THE UNITED STATES IN ISU SANCTIONED COMPETITIONS. -SKATERS MUST BE MEMBERS WITH CLUB ACCOUNTS IN GOOD STANDING. -SKATERS MUST REPRESENT THE CLUB AT THE TIME OF QUALIFYING FOR SCHOLARSHIP. -SKATERS MUST PARTICIPATE IN ICE CHIPS FOR EACH YEAR IN WHICH THEY ARE RECEIVING CLUB FUNDING, UNLESS OTHERWISE APPROVED BY CLUB MANAGEMENT. -SKATERS MUST CONTRACT ICE AT THE CLUB DURING THE FALL/WINTER/SPRING SEASON. -SCHOLARSHIPS FROM THE FUND WILL BE AWARDED IN EQUIVALENT CASH VALUE TO CREDITS FOR ICE TIME PURCHASED FROM THE SKATING CLUB OF BOSTON. -IN CERTAIN CIRCUMSTANCES, SPECIAL AWARDS MAY BE MADE TO ASSIST A MEMBER WITH THEIR MEMBERSHIP DUES. X X X 0 0 0 0 0 0 0 1 0 DOUGLAS ZEGHIBE EXECUTIVE DIRECTOR 213700 0 51500 0 0 0 0 0 8680 0 273880 0 0 0 JONATHAN JEPSON CLUB DIRECTOR 144470 0 1500 0 0 0 0 0 8680 0 154650 0 0 0 PART I, LINE 7 THE SKATING CLUB OF BOSTON GAVE OUT A HOLIDAY BONUS BASED ON SENIORITY TO THE EXECUTIVE DIRECTOR AND ALL FULL-TIME EMPLOYEES BASED ON TENSURE. INDIVIDUAL'S RECEIVED A BONUS BASED ON THEIR PERFORMANCE. THE EXECUTIVE DIRECTOR ASSESSED THE PERFORMANCE OF EMPLOYEES. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2019-03-15 25000000 TO FINANCE CONSTRUCTION AT 750 UNIVERSITY AVE 0 0 0 A 1232302 25000000 50100 24949900 2020 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 KATHARINE STEEGER WIFE OF BOARD MEMBER 91500 COMPENSATION AS DIRECTOR OF MEMBERSHIP SERVICES 0 ALEXANDRIA RONZIO DAUGHTER OF BOARD MEMBER 13584 COMPENSATION AS SKATING INSTRUCTOR 0 JONATHAN ZEGHIBE NEPHEW OF EXECUTIVE DIRECTOR 87000 COMPENSATION AS MANAGER, MARKETING AND COMMUNICATIONS 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS TWO CLASSES OF MEMBERS: THOSE WITH VOTING RIGHTS AND ANY OTHER LEGAL RIGHTS OR PRIVILEGES IN CONNECTION WITH THE GOVERNANCE OF THE CORPORATION AS ESTABLISHED BY THE BYLAWS AND THE ARTICLES OF ORGANIZATION, AND THOSE WITHOUT VOTING, OR OTHER, RIGHTS IN THE GOVERNANCE OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A VOTING MEMBERS HAVE THE RIGHT TO ELECT AND REMOVE THE DIRECTORS. THEY ALSO HAVE ADDITIONAL POWERS AND RIGHTS, AS ARE VESTED IN VOTING MEMBERS BY APPLICABLE LAW OR THE BYLAWS, ARTICLES OF ORGANIZATION OR AMENDMENTS THERETO, OR AS ESTABLISHED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B VOTING MEMBERS WILL VOTE ON GOVERNANCE DECISIONS AS DEEMED NECESSARY BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS DISTRIBUTED TO ALL MEMBERS OF THE GOVERNING BODY AFTER IT IS REVIEWED BY THE TREASURER AND THE FINANCE COMMITTEE BEFORE IT IS FILED. THE TREASURER SENDS THE FORM 990 TO THE VICE-PRESIDENT FOR REVIEW AND SIGNATURE. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS AND OFFICERS ARE REQUIRED TO FILE WITH THE SECRETARY THE CONFLICT OF INTEREST DISCLOSURE FORM ATTACHED TO THE ORGANIZATION'S CONFLICT OF INTEREST POLICY ANNUALLY, PRIOR TO THE FIRST BOARD MEETING OF THE YEAR'S NEW TERM. IF AN INDIVIDUAL HAS A CONFLICT OF INTEREST, HE OR SHE MUST FULLY DISCLOSE THE NATURE OF THE INTEREST AND WITHDRAW FROM DISCUSSION, LOBBYING, AND VOTING ON THE MATTER. ANY TRANSACTION OR VOTE INVOLVING A POTENTIAL CONFLICT OF INTEREST SHALL BE APPROVED ONLY WHEN A MAJORITY OF DISINTERESTED DIRECTORS OR VOTING MEMBERS DETERMINE THAT IT IS IN THE BEST INTEREST OF THE ORGANIZATION TO DO SO. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE EXECUTIVE DIRECTOR WAS DETERMINED BY THE COMPENSATION COMMITTEE AND RATIFIED BY THE BOARD OF DIRECTORS. GENERAL EXECUTIVE DIRECTOR POSITIONS IN BOSTON WERE LOOKED AT, BUT MORE SIGNIFICANTLY, THE DETROIT SKATING CLUB, THE CLOSEST INDUSTRY COMPETITOR TO THE CLUB. THE COMPENSATION WAS ADJUSTED TO REFLECT THE LARGER POSITION IN BOSTON AS WELL AS THE COST OF LIVING. FINALLY, THE BOARD TOOK INTO CONSIDERATION THE EXECUTIVE DIRECTOR'S EXPERIENCE IN THE INDUSTRY. THE DISCUSSION WAS DOCUMENTED AND A FIVE YEAR EMPLOYMENT CONTRACT WAS SIGNED. THIS PROCESS WAS LAST UNDERTAKEN ON JUNE 30, 2020. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S DOCUMENTS ARE AVAILABLE UPON REQUEST.