Massachusetts Hockey Inc
- Assets
- $2.0m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 3
- Location
- Duxbury, MA
- Founding
- 02/1992
- Data as of
- 06/2021
- EIN
- 04-3130566
Organization Overview
Massachusetts Hockey Inc is located in Duxbury, MA. The organization was established in 1992. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 06/2021, Massachusetts Hockey Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Massachusetts Hockey 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 06/2021, Massachusetts Hockey Inc generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $743.8k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (8.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Massachusetts Hockey Inc has awarded 20 individual grants totaling $137,905. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FOSTER THE ADVANCEMENT, DEVELOPMENT AND ENCOURAGE PARTICIPATION IN THE SPORT OF ICE HOCKEY WITHIN THE COMMONWEALTH OF MASSACHUSETTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING THE OPPORTUNITY TO YOUTH AGES 5 TO 19, TO PLAY THE SPORT OF HOCKEY BY OFFERING VARIOUS PROGRAMS AND TOURNAMENTS THROUGHOUT THE COMMONWEALTH OF MASSACHUSETTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Kavanagh Executive Director | Officer | 40 | $179,286 |
Robert P Joyce Jr President | OfficerTrustee | 1 | $0 |
Jeff Brown Vice-President - Rules Com | OfficerTrustee | 1 | $0 |
Phil Zona Vice-President | OfficerTrustee | 1 | $0 |
Christine Mayer Vice-President - Discipline/director | OfficerTrustee | 1 | $0 |
Steve Rizzo Vice-President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $235,484 |
| All other contributions, gifts, grants, and similar amounts not included above | $127,969 |
| Noncash contributions included in lines 1a–1f | $2,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $363,453 |
| Total Program Service Revenue | $610,565 |
| Investment income | $63,397 |
| 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 | $1,037,415 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $43,190 |
| 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. | $213,267 |
| Compensation of current officers, directors, key employees. | $63,981 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $102,455 |
| Pension plan accruals and contributions | $13,969 |
| Other employee benefits | $10,691 |
| Payroll taxes | $24,369 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,790 |
| Fees for services: Accounting | $6,805 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $19,435 |
| Office expenses | $19,207 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,872 |
| Travel | $22,342 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,515 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,624 |
| All other expenses | $12,682 |
| Total functional expenses | $743,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $323,580 |
| Savings and temporary cash investments | $946,408 |
| Pledges and grants receivable | $31,367 |
| Accounts receivable, net | $49,008 |
| 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 | $13,251 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $632,415 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,996,029 |
| Accounts payable and accrued expenses | $60,099 |
| Grants payable | $0 |
| Deferred revenue | $92,428 |
| 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 | $152,527 |
| Net assets without donor restrictions | $993,378 |
| Net assets with donor restrictions | $850,124 |
| 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 | $1,996,029 |
Grants Awarded
Over the last fiscal year, Massachusetts Hockey Inc has awarded $20,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Somerville, MA PURPOSE: Cheever Award to advance the sport of Hockey | $10,000 |
GROTON CRUSADERS YOUTH HOCKEY PURPOSE: Cheever Award to advance the sport of hockey | $5,000 |
BOSTON BRUINS CHARITABLE FOUNDATION PURPOSE: Donation in support of youth hockey | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Massachusetts Hockey Inc has recieved totaling $546,100.
| Awarding Organization | Amount |
|---|---|
Boston Bruins Charitable Foundation Inc Boston, MA PURPOSE: COMMUNITY SUPPORT | $422,476 |
Usa Hockey Inc Colorado Springs, CO PURPOSE: BLOCK GRANT | $103,020 |
Usa Hockey Foundation Colorado Springs, CO PURPOSE: BLOCK GRANT | $20,604 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Athletic Club New York, NY | $79,824,386 | $36,957,466 |
University Club New York, NY | $61,571,312 | $30,883,399 |
Country Club Chestnut Hill, MA | $75,043,157 | $30,549,304 |
Winged Foot Golf Club Inc Mamaroneck, NY | $47,661,307 | $23,506,154 |
New York Yacht Club New York, NY | $54,553,348 | $22,663,268 |
Glen Oaks Club Inc Old Westbury, NY | $13,779,705 | $20,068,781 |
Sleepy Hollow Country Club Westchester Scarborough, NY | $36,824,085 | $23,136,850 |
Wee Burn Country Club Inc Darien, CT | $32,519,463 | $16,725,850 |
Piping Rock Club Locust Valley, NY | $31,334,038 | $17,059,500 |
Oak Hill Country Club Rochester, NY | $24,513,885 | $17,798,483 |
Greenwich Country Club Greenwich, CT | $48,407,804 | $23,136,592 |
Harvard Club Of New York City New York, NY | $57,363,784 | $14,784,742 |