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Nonprofiteer
← THE SKATING CLUB OF BOSTON

Form 990 for tax year 2022

Filed by THE SKATING CLUB OF BOSTON.

Totals

Total revenue
$10,463,412
Total expenses
$11,937,216
Contributions and grants received
$1,676,392
Grants paid
$35,908
Program service revenue
$7,873,846
Investment income
$149,409
Other revenue
$763,765
Total assets, end of year
$63,715,417
Total liabilities, end of year
$26,212,943
Net assets or fund balances, end of year
$37,502,474
Program services expenses (Part IX)
$9,726,879
Management and general expenses
$2,210,128
Fundraising expenses
$209
Program service expenses (Part III)
$9,726,879

Program services were 81.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $1,540,330

  • 1f · All other contributions, gifts and grants

    $136,062

  • 1g · Noncash contributions included above

    $4,500

  • 2a · Program service revenue: SKATING RINK FEES

    total $3,649,502 · related or exempt $3,649,502

  • 2b · Program service revenue: OTHER REVENUE FOR SKATING PROGRAM

    total $2,609,466 · related or exempt $2,609,466

  • 2c · Program service revenue: INSTRUCTIONAL PROGRAMS

    total $1,113,543 · related or exempt $1,113,543

  • 2d · Program service revenue: BOSTON COMMON CAROUSEL REVENUE

    total $284,787 · related or exempt $284,787

  • 2e · Program service revenue: OTHER REVENUE

    total $216,548 · related or exempt $216,548

  • 3 · Investment income

    total $70,914 · excluded $70,914

  • 6a · Gross rents

    real property $93,085

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $93,085

  • 6d · Net rental income or loss

    total $93,085 · excluded $93,085

  • 7a · Gross sales of assets other than inventory

    securities $1,900,921

  • 7b · Less cost or other basis and sales expenses

    securities $1,822,426

  • 7c · Gain or loss

    securities $78,495

  • 7d · Net gain or loss

    total $78,495 · excluded $78,495

  • 10a · Gross sales of inventory

    $919,564

  • 10b · Cost of goods sold

    $248,884

  • 10c · Net income from sales of inventory

    total $670,680 · excluded $670,680

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $19,149 · program services $19,149

  • 2 · Grants to domestic individuals

    total $16,759 · program services $16,759

  • 5 · Compensation of officers, directors and key employees

    total $241,095 · management and general $241,095

  • 7 · Other salaries and wages

    total $3,310,378 · program services $2,770,303 · management and general $540,075

  • 9 · Other employee benefits

    total $153,028 · program services $150,013 · management and general $3,015

  • 10 · Payroll taxes

    total $333,177 · program services $202,903 · management and general $130,274

  • 11b · Fees: legal

    total $19,954 · management and general $19,954

  • 11c · Fees: accounting

    total $35,657 · management and general $35,657

  • 11f · Fees: investment management

    total $37,280 · management and general $37,280

  • 12 · Advertising and promotion

    total $72,953 · program services $42,019 · management and general $30,725 · fundraising $209

  • 13 · Office expenses

    total $692,181 · program services $636,251 · management and general $55,930

  • 14 · Information technology

    total $38,960 · program services $22,518 · management and general $16,442

  • 16 · Occupancy

    total $2,463,717 · program services $2,416,884 · management and general $46,833

  • 17 · Travel

    total $11,475 · program services $8,477 · management and general $2,998

  • 20 · Interest

    total $981,497 · management and general $981,497

  • 22 · Depreciation, depletion and amortization

    total $1,903,770 · program services $1,903,770

  • 23 · Insurance

    total $95,775 · program services $79,956 · management and general $15,819

  • 24a · Other expenses: FOOD SERVICES

    total $593,916 · program services $593,916

  • 24b · Other expenses: OTHER PROGRAM EXPENSE

    total $462,517 · program services $456,594 · management and general $5,923 · fundraising $0

  • 24c · Other expenses: OFFICIALS

    total $229,261 · program services $229,261

  • 24d · Other expenses: ICE RENTAL EXPENSE

    total $146,854 · program services $146,854

  • 24e · All other expenses

    total $77,863 · program services $31,252 · management and general $46,611

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $243,125 · end of year $313,031

  • 2 · Savings and temporary cash investments

    beginning of year $180,723 · end of year $223,597

  • 3 · Pledges and grants receivable

    beginning of year $164,690 · end of year $114,663

  • 4 · Accounts receivable

    beginning of year $371,078 · end of year $344,762

  • 8 · Inventories for sale or use

    end of year $15,195

  • 9 · Prepaid expenses and deferred charges

    beginning of year $476,118 · end of year $183,194

  • 10a · Land, buildings and equipment: cost or other basis

    $65,979,657

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,895,225

  • 10c · Land, buildings and equipment, net

    beginning of year $61,900,378 · end of year $60,084,432

  • 11 · Investments: publicly traded securities

    beginning of year $3,081,197 · end of year $2,377,159

  • 14 · Intangible assets

    beginning of year $64,137 · end of year $59,384

  • 17 · Accounts payable and accrued expenses

    beginning of year $802,067 · end of year $587,591

  • 19 · Deferred revenue

    beginning of year $897,838 · end of year $795,075

  • 20 · Tax-exempt bond liabilities

    beginning of year $24,145,071 · end of year $23,668,272

  • 23 · Secured mortgages and notes payable

    beginning of year $1,787,005 · end of year $1,162,005

  • 27 · Net assets without donor restrictions

    beginning of year $37,266,511 · end of year $35,906,904

  • 28 · Net assets with donor restrictions

    beginning of year $1,582,954 · end of year $1,595,570

Mission and programs · 2022

Mission

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.

Activities or mission (Part I)

TO BE THE LEADER IN ADVANCING PARTICIPATION, EDUCATION AND EXCELLENCE IN ALL DISCIPLINES OF SKATING FOR PEOPLE OF ALL AGES, ABILITIES AND MEANS.

  • 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.

    Expenses $8,149,437 · Grants $35,908 · Revenue $4,819,876

  • 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.

    Expenses $992,823 · Revenue $1,919,265

  • 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.

    Expenses $584,619 · Revenue $1,134,705

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Douglas Zeghibe

    EXECUTIVE DIRECTOR

    Total calculated
    $273,880
    From this org
    $265,200
    From related orgs
    $0
    Other
    $8,680
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $213,700
    Bonus
    $51,500
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $8,680
    Filer's total
    $273,880

  • Jonathan Jepson

    CLUB DIRECTOR

    Total calculated
    $154,650
    From this org
    $145,970
    From related orgs
    $0
    Other
    $8,680
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $144,470
    Bonus
    $1,500
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $8,680
    Filer's total
    $154,650

  • Leslie Grahm

    DIRECTOR OF EVENTS & PROGRAMS

    Total calculated
    $114,171
    From this org
    $106,091
    From related orgs
    $0
    Other
    $8,080
    Hours/week
    45

  • Theresa Degiacomo

    SKATING ACADEMY DIRECTOR

    Total calculated
    $102,575
    From this org
    $101,975
    From related orgs
    $0
    Other
    $600
    Hours/week
    45

  • Shelly Martin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Shaughnessy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kristen Tudisco

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Laura Days

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ronellen Gagnon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Aleta Forcione

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Erica Macinnes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dean Steeger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Elliot Schwartz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • George D'Arbeloff

    DIRECTOR/TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Deborah Gaff

    DIRECTOR/SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Ann Buckley

    DIRECTOR/PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Kelly Requadt

    DIRECTOR/VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

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.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
25 March 2024
IRS schema version
2022v5.0
Source object
202440929349301209

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