Massachusetts State Track Coaches Association Incorporated
- Assets
- $252.1k
- Revenue
- $215.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Canton, MA
- Founding
- 01/1998
- Data as of
- 06/2021
- EIN
- 04-3394224
Organization Overview
Massachusetts State Track Coaches Association Incorporated is located in Canton, MA. The organization was established in 1998. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, 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. Massachusetts State Track Coaches Association Incorporated 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 State Track Coaches Association Incorporated generated $215.6k 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 (11.9%) each year. All expenses for the organization totaled $315.8k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (8.0%) 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
TO FOSTER AND ENCOURAGE TRACK & CROSS COUNTRY RUNNING BY PROMOTING, OPERATING & RUNNING MAJOR MEETS & CLINICS FOR THE DEVELOPMENT OF STUDENT ATHLETES & COACHES UNDER THE GUIDELINES ESTABLISHED BY THE NAT'L FED. OF TRACK & FIELD ASSOC. & THE MASS INTERSCHOLASTIC ATHLETE ASSOC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRACK MEET OPERATING EXPENSES
SCHOLARSHIPS FOR NEEDY AND WORTHY STUDENTS WHO COMPETE IN TRACK MEETS
CAMPERSHIP TO VARIOUS COMPETITORS WHO ARE NEEDY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard P Kates Jr Executive Dir. | Officer | 20 | $45,100 |
Jayson Sylvain Chief Oper. Off | Officer | 10 | $20,800 |
Tim Cimeno Dir. Of Mktg | Officer | 0 | $15,600 |
Jim Hoar President | Officer | 2 | $0 |
Charles Butterfield Vice President | Officer | 2 | $0 |
Peter Molloy Secretary | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,475 |
| Investment income | $120 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $184,043 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $215,638 |
| Statement of Expenses | |
|---|---|
| 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. | $116,860 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,334 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $875 |
| Fees for services: Accounting | $2,910 |
| 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 | $1,654 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $770 |
| 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 | $4,247 |
| Insurance | $6,137 |
| All other expenses | $0 |
| Total functional expenses | $315,793 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $130,064 |
| 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 |
| Investments—publicly traded securities | $117,962 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $252,131 |
| 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 | $31,475 |
| Total liabilities | $31,475 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $220,656 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Massachusetts State Track Coaches Association Incorporated has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Boston Athletic Assoc Boston, MA PURPOSE: SUPPORT | $10,000 |
Boston Athletic Assoc Boston, MA PURPOSE: SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Usta Player Development Incorporated White Plains, NY | $604,131 | $13,893,000 |
America East Boston, MA | $5,719,263 | $6,183,979 |
Laureus Sport For Good Foundation Of America New York, NY | $6,727,173 | $4,372,530 |
Open Squash Inc New York, NY | $5,357,253 | $1,806,431 |
Hayden Synchronized Skating Teams Inc Woburn, MA | $867,521 | $1,759,773 |
Connecticut State Golf Association Inc Rocky Hill, CT | $2,099,281 | $1,823,029 |
New York Yacht Club Regatta Association Inc New York, NY | $782,002 | $1,482,419 |
Aurora Ice Association Inc East Aurora, NY | $3,480,077 | $1,014,399 |
East Coast Conference West Babylon, NY | $1,556,768 | $907,692 |
Connecticut Sports Management Group Inc Middletown, CT | $277,268 | $757,611 |
New England Amateur Skating Foundation Inc Providence, RI | $687,588 | $557,183 |
The Riverside Boat Club Of Cambridge Cambridge, MA | $2,915,123 | $606,845 |