STRATEGY STUDIO / PUBLIC DATA EXPLORER

READING UNITED SOCCER CLUB INC: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
READING UNITED SOCCER CLUB INC (EIN 26-4379339)
Tax period
2021-09-01 to 2022-08-31
Filed
2023-07-17
IRS object ID
202331989349300103
Schema version
2021v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-07-17T06:21:04-05:00ReturnTs
Tax Period End2022-08-31TaxPeriodEndDt
Return Type990ReturnTypeCd
Tax Period Begin2021-09-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN264379339EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Reading United Soccer Club IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlREADBusinessNameControlTxt
Phone7812493673PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line18 Walnut StreetAddressLine1Txt
CityReadingCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01867ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMichael SheedyPersonNm
Person TitlePresidentPersonTitleTxt
Phone7812493673PhoneNum
Signature2023-07-13SignatureDt
Discuss With Paid Preparer0DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstMichaelPersonFirstNm
Person LastSheedyPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMichael SheedyPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line18 Walnut StreetAddressLine1Txt
CityReadingCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01867ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$238,030GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.RUSC.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2009FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionTo provide training, equipment, field maintenance, referee uniforms, registration, supervision and organization for youth soccer players in the area.ActivityOrMissionDesc
Voting Members Governing Body6VotingMembersGoverningBodyCnt
Voting Members Independent6VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$107,241PYProgramServiceRevenueAmt
CY Program Service Revenue$237,977CYProgramServiceRevenueAmt
PY Investment Income$29PYInvestmentIncomeAmt
CY Investment Income$53CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$107,270PYTotalRevenueAmt
CY Total Revenue$238,030CYTotalRevenueAmt
PY Grants And Similar Paid$2,500PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,000CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$3,779PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$5,505CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$97,677PYOtherExpensesAmt
CY Other Expenses$200,753CYOtherExpensesAmt
PY Total Expenses$103,956PYTotalExpensesAmt
CY Total Expenses$207,258CYTotalExpensesAmt
PY Revenues Less Expenses$3,314PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$30,772CYRevenuesLessExpensesAmt
Total Assets BOY$212,458TotalAssetsBOYAmt
Total Assets EOY$243,408TotalAssetsEOYAmt
Total Liabilities BOY$132,792TotalLiabilitiesBOYAmt
Total Liabilities EOY$132,970TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$79,666NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$110,438NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionThe purpose of the corporation is to foster, encourage, develop and promote the game of soccer to children by building a soccer program that provides an equal opportunity for all players to develop skills to whatever level they are capable and willing; to provide a forum for the development of good teamwork and sportsmanship; to provide an environment for coaches to develop skills and techniques needed to teach the game of soccer; and to provide an environment for referees to develop skills and techniques needed to referee the game of soccer.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$181,634ExpenseAmt
Grant$1,000GrantAmt
Revenue$237,977RevenueAmt
DescProvide training, equipment, field maintenance, referees, uniforms, registration, supervision, and organization for approximately 500 youth soccer players aged 6-14.Desc
Total Program Service Expenses$181,634TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document12IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members6GoverningBodyVotingMembersCnt
Independent Voting Member6IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
Persong2 Consultant IncPersonNm
Phone7819685264PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1301 Edgewater Place Suite 100AddressLine1Txt
CityWakefieldCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01880ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (6 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
Michael Sheedy
President10.00Yes (X)Yes (X)$1,650$0$0
Doug Stevens
Treasurer2.00Yes (X)Yes (X)$0$0$0
Stuart May
Secretary2.00Yes (X)Yes (X)$0$0$0
Pete Coumounduros
Director2.00Yes (X)$0$0$0
Rich Daestrela
Director2.00Yes (X)$0$0$0
Wayne Moda
Director2.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,650TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescRegistrationDesc
Business711210BusinessCd
Total Revenue Column$237,977TotalRevenueColumnAmt
Related Or Exempt Func Income$237,977RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$237,977TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$53TotalRevenueColumnAmt
Exclusion$53ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$238,030TotalRevenueColumnAmt
Related Or Exempt Func Income$237,977RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$53ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$1,000TotalAmt
Program Services$1,000ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$5,505TotalAmt
Program Services$5,505ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$11,080TotalAmt
Management And General$11,080ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$8,091TotalAmt
Management And General$8,091ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$654TotalAmt
Management And General$654ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$1,250TotalAmt
Management And General$1,250ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$3,728TotalAmt
Management And General$3,728ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$520TotalAmt
Management And General$520ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
Instructional Services$80,354$80,354
Licenses and Fees$60,417$60,116$301
Uniforms$26,225$26,225
Equipment and Supplies$7,421$7,421

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$1,013TotalAmt
Program Services$1,013ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$207,258TotalAmt
Program Services$181,634ProgramServicesAmt
Management And General$25,624ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$138,022BOYAmt
EOY$184,298EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$57,224BOYAmt
EOY$57,247EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$14,829BOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$2,600LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$737LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$2,383BOYAmt
EOY$1,863EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$212,458BOYAmt
EOY$243,408EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$16,334BOYAmt
EOY$9,442EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$116,458BOYAmt
EOY$123,528EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$132,792BOYAmt
EOY$132,970EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$79,666BOYAmt
EOY$110,438EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$79,666BOYAmt
EOY$110,438EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$212,458BOYAmt
EOY$243,408EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$30,772ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewYes (1)AccountantCompileOrReviewInd

Acct Compile Or Review Basis AcctCompileOrReviewBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
FS Audited0FSAuditedInd
Audit Committee0AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$1,244CurrentTaxYearMinus2YearsAmt
Total$1,244TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$180,162CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$213,095CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$134,607CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$107,241CurrentTaxYearMinus1YearAmt
Current Tax Year$237,977CurrentTaxYearAmt
Total$873,082TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$180,162CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$213,095CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$135,851CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$107,241CurrentTaxYearMinus1YearAmt
Current Tax Year$237,977CurrentTaxYearAmt
Total$874,326TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$874,326PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$23CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$23CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$124CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$29CurrentTaxYearMinus1YearAmt
Current Tax Year$53CurrentTaxYearAmt
Total$252TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$23CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$23CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$124CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$29CurrentTaxYearMinus1YearAmt
Current Tax Year$53CurrentTaxYearAmt
Total$252TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$180,185CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$213,118CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$135,975CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$107,270CurrentTaxYearMinus1YearAmt
Current Tax Year$238,030CurrentTaxYearAmt
Total$874,578TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.99970PublicSupportCY509Pct
Public Support PY5090.99970PublicSupportPY509Pct
Investment Income CY0.00030InvestmentIncomeCYPct
Investment Income PY0.00030InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,600OtherCostOrOtherBasisAmt
Depreciation$737DepreciationAmt
Book Value$1,863BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$1,863TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart X, Line 2:FormAndLineReferenceDesc
ExplanationThe Club is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code. It is also exempt from state income taxes. However, income from certain activities not directly related to the Club's tax-exempt purpose is subject to taxation as unrelated business income. Currently, the Club has no obligation for any unrelated business income tax. In addition, the Club believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. The Club's federal returns for the years ended August 31, 2019, 2020, 2021 and 2022 are open to examination by the Internal Revenue Service. However, there are no audits currently in process. Tax returns are open for possible examination generally for three years after the returns are filed.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section B, line 11bPrior to filing, Form 990 was presented to the Directors for review and approval.
Form 990, Part VI, Section B, line 12cThe Organization monitors and enforces compliance with the conflict of interest policy at its annual meeting of the Board of Directors.
Form 990, Part VI, Section C, line 19The Organization will make its governing documents, policies and financial statements available to the public upon request.
Form 990, Part VII Contact Addresses for Officers, Directors, EtcMichael Sheedy - 8 Walnut Street, Reading, MA 01867. Doug Stevens - 150 Country Road, Reading, MA 01867. Stuart May - 66 Summer Avenue, Reading, MA 01867. Pete Coumounduros - 24 Smith Avenue, Reading, MA 01867. Rich Daestrela - 75 Prospect Street, Somerville, MA 02143. Wayne Moda - 25 Ashley Place, Reading, MA 01867.