2020-07-15T18:21:40-05:00 2019-07-31 452981393 LEVINE CAUFIELD MARTIN & GOLDBERG PC 300 FIRST AVENUE SUITE 102 NEEDHAM MA 02494 990 2018-08-01 823700441 FC GREATER BOSTON BOLTS INC FCGR 4132622556 777 DEDHAM STREET NEWTON MA 02459 BRIAN AINSCOUGH DIRECTOR 4132622556 2020-07-15 1 BRUCE C LEVINE CPA P00524511 7814001625 50.208.171.57 2020-07-15 08:50:36 ED P 548F2DFF721F71574959454DF394852BC8DFB145 2DA27FAC566B69401D68CCDDB0813CDF3E46C4B2 2018 2020-09-23 17:36:50Z BRIAN AINSCOUGH 777 DEDHAM STREET NEWTON MA 02459 2715388 0 X WWW.BOSTONBOLTS.COM X 2018 MA TO DEVELOP EXCEPTIONAL SOCCER PLAYERS THAT ARE PREPARED TO COMPETE AT THE COLLEGIATE OR PROFESSIONAL LEVEL, BY PROVIDING THE HIGHEST QUALITY SOCCER RESOURCES, COMPETITIVE ATHLETIC PROGRAMS, AND PERSONAL GROWTH OPPORTUNITIES. 8 5 0 0 0 0 277293 401957 1121072 2290011 0 0 0 0 1398365 2691968 0 0 0 0 550296 832270 0 0 0 933564 2063259 1483860 2895529 -85495 -203561 1118418 1037163 1186729 1309035 -68311 -271872 X TO PREPARE AND DEVELOP COMPETENT AND SUCCESSFUL COLLEGE AND PROFESSIONAL SOCCER PLAYERS BY PROVIDING THE HIGHEST QUALITY SOCCER RESOURCES, OPPORTUNITIES AND PROGRAMS TO THE TOP SOCCER PLAYERS IN THE GREATER BOSTON AREA.THE ORGANIZATION STRIVES TO PROVIDE ITS PLAYERS OF ALL AGES WITH THE HIGHEST LEVEL PROFESSIONAL COACHING AND TRAINING, APPROPRIATE LOCAL, REGIONAL, NATIONAL AND INTERNATIONAL COMPETITION; THE BENEFICIAL SPONSORSHIPS AND AFFILIATIONS WITH SOCCER-ORIENTED ASSOCIATIONS, SUPPLIERS, AND SERVICE PROVIDERS. TO THIS END, THE ORGANIZATION PROVIDES ITS MEMBERS WITH A COMMITTED AND SUPPORTIVE ENVIRONMENT, INCORPORATING THE VALUES OF CHARACTER, GOOD CITIZENSHIP, ACADEMIC EXCELLENCE AND RESPECT FOR ALL ITS PARTICIPANTS, WHILE EMBRACING THE CHALLENGES INHERENT IN A HIGHLY COMPETITIVE ENDEAVOR. 0 0 2414445 2290011 EDUCATION - PROMOTED EDUCATIONAL AND CULTURAL BENEFITS OF SOCCER. TEACH FAIR PLAY WITH RESPECT FOR OTHER PLAYERS, COACHES AND REFEREES. EACH LEAGUE SUPPLIED SEASONAL PROGRAM BOOKLET DESCRIBING ATTITUDES EXPECTED AND THE PROPER WAY TO PLAY SOCCER, LEADING TO IMPROVEMENT OF THE SPORT.PLAYER DEVELOPMENT - CLUB ENCOURAGES TEAMS AND PLAYERS TO PARTICIPATE IN CLUB AND LEAGUE ORGANIZED SESSIONS, CLINICS, AND TOURNAMENTS.COMPETITIVE GAMES - FOSTER NATIONAL AND INTERNATIONAL AMATEUR SPORTS COMPETITION. ASSIST SOCCER PLAYERS TO TEAM UP WITH AND/OR PLAY AGAINST CHILDREN FROM ALL DIFFERENT TOWNS, STATES AND COUNTRIES. TEAMS AND DIVISIONS ARE DESIGNED TO ENCOURAGE DEVELOPMENT AT THE PLAYER LEVEL. SUPPORT FURTHER COMPETITION-THE ORGANIZATION PROVIDES SUPPORT FOR ITS TEAMS TO COMPETE NATIONALLY AND INTERNATIONALLY. 2414445 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 5 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 1 1 0 MA X SMITH UTUBOR 4132622556 777 DEDHAM STREET NEWTON MA 02459 X CHRISTIAN HABERSAAT PRESIDENT 1.00 X X 0 0 0 SCOTT MATTHEWS TREASURER 1.00 X X 0 0 0 BRIAN AINSCOUGH CEO 40.00 X X 98776 0 0 STEPHEN GIBBS CLERK/GENERAL MANAGER 1.00 X X 0 0 0 MARCO KOOLMAN DIRECTOR 40.00 X 44386 0 0 SUSAN SIEGEL ASSISTANT CLERK 40.00 X 72680 0 0 BRUCE BALDER DIRECTOR 1.00 X 0 0 0 215842 0 0 0 0 0 0 0 128712 273245 145000 401957 TEAM REGISTRATION AND 713990 2081683 2081683 CAMPS AND CLINICS 713990 127618 127618 TOURNAMENTS 713990 80710 80710 2290011 23420 128712 23420 0 2691968 2290011 0 0 X 138083 138083 588230 485386 102844 28543 19213 9330 77414 52110 25304 65686 65686 1762119 1642220 119899 20653 20653 58871 58871 65049 59815 5234 84425 11681 72744 6456 5937 519 2895529 2414445 481084 0 251326 306016 18562 30820 121185 51495 88908 66523 28154 22385 20000 20000 679191 606447 1118418 1037163 119854 114820 1066875 1194215 1186729 1309035 X -68311 -271872 -68311 -271872 1118418 1037163 -203561 0 X 0 1 X 1 0 X 271812 401957 673769 201698 2290011 2491709 473510 2691968 3165478 0 0 0 3165478 63 212 275 63 212 275 473573 2692180 3165753 X SCHEDULE A- PAGE 3- PART 111- PUBLIC SUPPORT IN THE YEAR ENDING JULY 31, 2018, FC GREATER BOSTON BOLTS INC. DEMERGED AND FILED ITS FIRST RETURN WHICH CONSISTED OF 6 MONTHS ACTIVITY. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18181 16059 2122 64727 45930 18797 6000 4534 1466 22385 GOODWILL 581947 DEPOSITS 24500 606447 X 2713938 21970 21970 2691968 0 2691968 2917499 21970 21970 2895529 0 2895529 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES IN ACCORDANCE WITH SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE AND LOCAL TAXES UNDER MASSACHUSETTS SECTION 180. ACCORDINGLY, NO PROVISION FOR INCOME TAX IS REQUIRED. CONTRIBUTIONS MADE TO THE ORGANIZATION ARE DEDUCTIBLE WITHIN THE LIMITS OF INTERNAL REVENUE CODE REGULATIONS PERTAINING TO CHARITABLE CONTRIBUTIONS. IN ACCORDANCE WITH GAAP, THE ORGANIZATION MUST IDENTIFY, RECOGNIZE, MEASURE, AND DISCLOSE IN ITS FINANCIAL STATEMENTS THE EFFECTS OF ANY UNCERTAIN TAX REPORTING POSITIONS THAT THE ORGANIZATION HAS TAKEN OR EXPECT TO TAKE. THE ORGANIZATION MUST RECOGNIZE AN UNRECOGNIZED TAX BENEFIT WHEN, DESPITE THE ORGANIZATION'S BELIEF THAT ITS TAX RETURN POSITIONS ARE SUPPORTABLE, IT IS POSSIBLE THAT CERTAIN POSITIONS MAY NOT BE FULLY SUSTAINED UPON REVIEW BY TAX AUTHORITIES. BENEFITS FROM TAX POSITIONS ARE MEASURED AT THE LARGEST AMOUNT OF BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON SETTLEMENT. THE ORGANIZATION RECOGNIZES INTEREST ACCRUED RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN FUNCTIONAL EXPENSES. NO SUCH INTEREST OR PENALTIES WERE RECOGNIZED DURING THE PERIOD PRESENTED. THE ORGANIZATION HAD NO ACCRUALS FOR INTEREST AND PENALTIES AT JULY 31, 2019. TO THE EXTENT THAT THE FINAL TAX OUTCOME OF THESE MATTERS IS DIFFERENT THAN THE AMOUNTS RECORDED, SUCH DIFFERENCES IMPACT INCOME TAX EXPENSE IN THE PERIOD IN WHICH SUCH DETERMINATION IS MADE. MANAGEMENT HAS EVALUATED THE ORGANIZATION'S TAX POSITIONS AGAINST RETURNS FILED AND HAS DETERMINED NO ADDITIONAL ADJUSTMENTS ARE NECESSARY. THE ORGANIZATION'S TAX RETURNS ARE SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES FOR THREE YEARS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRASING EXPENSES INCLUDED IN INCOME ON FORM 990 PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES INCLUDED IN FORM 990 IN COME 24 HOUR SOCCER MARATHON 107585 85615 21970 21970 RAFFLE 44547 43097 1450 1450 152132 128712 23420 23420 23420 0 X 145000 RETAIL VALUE 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PROVIDED TO THE GOVERNING BODY PRIOR TO BEING FILED. FORM 990, PART VI, SECTION B, LINE 15 SALARIES ARE COMPARED WITH EQUIVALENT POSITIONS IN THE SURROUNDING AREA. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 990 AND SUPPORTING SCHEDULES AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND ITS FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G EQUIPMENT: PROGRAM SERVICE EXPENSES 7,635. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,635. FIELDS: PROGRAM SERVICE EXPENSES 588,879. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 588,879. INDOOR FACILITIES: PROGRAM SERVICE EXPENSES 45,400. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 45,400. REGISTRATION: PROGRAM SERVICE EXPENSES 530,274. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 530,274. TOURNAMENT MEALS AND TRAVEL: PROGRAM SERVICE EXPENSES 111,599. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 111,599. UNIFORMS: PROGRAM SERVICE EXPENSES 63,959. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 63,959. CREDIT CARD FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 56,467. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 56,467. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 12,879. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,879. REIMBURSEMENT: PROGRAM SERVICE EXPENSES 1,300. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,300. IN-KIND MERCHANDISE: PROGRAM SERVICE EXPENSES 200,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 200,000. REFEREE FEES: PROGRAM SERVICE EXPENSES 75,249. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 75,249. AWARDS: PROGRAM SERVICE EXPENSES 3,018. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,018. CONFERENCES: PROGRAM SERVICE EXPENSES 400. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 400. TOURNAMENT EXPENSES: PROGRAM SERVICE EXPENSES 1,628. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,628. ADMIN EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 63,432. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 63,432.