2026-05-11T14:43:44-04:00 2025-06-30 042686846 KING MCNAMARA MORIARTY LLP 473 WASHINGTON STREET NORWOOD MA 020622330 990 2024-07-01 041839710 THE SKATING CLUB OF BOSTON SKAT 6177825900 750 UNIVERSITY AVENUE NORWOOD MA 02062 DEBORAH GAFF PRESIDENT 6177825900 2026-05-11 true false JOSEPH B MORIARTY CPA P00043600 7817696300 2026-05-11 2024 2025-03-06 01:10:19Z DEBORAH GAFF 750 UNIVERSITY AVENUE NORWOOD MA 02062 21597676 false X HTTPS://SCBOSTON.ORG/ X 1912 MA TO BE A LEADER IN ADVANCING PARTICIPATION, EDUCATION, AND EXCELLENCE IN SKATING FOR PEOPLE OF ALL AGES, ABILITIES, AND MEANS. 11 10 279 1000 0 379328 621211 9148071 19332117 147638 198027 576342 293247 10251379 20444602 149485 141754 0 4430564 4614665 0 0 8274302 16240499 12854351 20996918 -2602972 -552316 64239065 61421435 29083547 26593480 35155518 34827955 X TO BE A LEADER IN ADVANCING PARTICIPATION, EDUCATION, AND EXCELLENCE IN SKATING FOR PEOPLE OF ALL AGES, ABILITIES, AND MEANS. false false 15299322 141754 16538219 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. 1212591 1925653 THE SKATING CLUB OF BOSTON OPERATES THE BOSTON PARK 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 A SKATING SHOW DURING THE WINTER 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. 492917 868245 THE SKATING CLUB OF BOSTON'S SKATING ACADEMY IS NEW ENGLAND'S PREMIER 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 SCHOOLS PROGRAM, OFFERING STUDENTS IN BOSTON THE OPPORTUNITY TO LEARN HOW TO SKATE. THE PROGRAM IS FULLY-SPONSORED BY THE CLUB AND OUTSIDE SPONSORS. 17004830 true true false false false false false true false true true false false false true true true false false false false false false false false false false false true true true false false false false false false false false true false false false false false false false false false false true 22 0 true 279 true false false false false false false false false false false false false X 11 10 false false false false true true true true true false false true true true true true true true false false MA X CHRISTINE MCMURRAY 6177825900 750 UNIVERSITY AVENUE NORWOOD MA 02062 DOUGLAS ZEGHIBE EXECUTIVE DI 45.00 X 328015 0 9613 CHRISTINE MCMURRAY CHIEF FINANC 45.00 X 175500 0 0 MIA CORSINI BAILEY CLUB DIRECTO 45.00 X 130500 0 0 THERESA DEGIACOMO ACADEMY DIRE 45.00 X 100124 0 0 DEVENY DECK DIRECTOR 1.00 X 0 0 0 ALETA FORCIONE DIRECTOR 1.00 X 0 0 0 SHELLY MARTIN DIRECTOR 1.00 X 0 0 0 ELLIOT SCHWARTZ DIRECTOR 1.00 X 0 0 0 ANDREA SMITH DIRECTOR 1.00 X 0 0 0 DEAN STEEGER DIRECTOR 1.00 X 0 0 0 KRISTIN TUDISCO-MARTIN DIRECTOR 1.00 X 0 0 0 ANN BUCKLEY PRESIDENT 5.00 X X 0 0 0 DEBORAH GAFF VICE PRESIDE 5.00 X X 0 0 0 GEORGE D'ARBELOFF TREASURER 5.00 X X 0 0 0 LAURA DAYS SECRETARY 1.00 X X 0 0 0 734139 9613 4 false true false 337418 283793 621211 EVENTS 711300 11723283 11723283 SKATING RINK FEES 711300 3742992 3742992 BOSTON COMMON FROG POND 711300 1925653 1925653 INSTRUCTIONAL PROGRAMS 711300 868245 868245 PARTICIPATION FEES 711300 823481 823481 248463 248463 19332117 153562 153562 168922 168922 168922 168922 623119 578654 44465 44465 44465 698745 574420 124325 124325 20444602 19456442 366949 141754 141754 535852 535852 3519341 2157129 1362212 193590 102979 90611 365882 194649 171233 27984 3905 24079 57000 57000 36102 36102 26274 26274 961229 961229 546134 380633 165501 65534 65534 2857501 1888167 969334 296424 296424 25290 25290 1913509 1817833 95676 501869 476776 25093 EVENTS 3086467 3086467 BID FEE 2000000 2000000 LICENSES AND PERMITS 1365886 1149163 216723 HOSPITALITY 949177 949177 1524119 1398545 125574 20996918 17004830 3992088 0 301773 256074 2440017 387095 96769 38669 58026 1251199 15195 15195 428193 163866 66110925 9715589 58260147 56395336 2584313 2864121 54632 49880 64239065 61421435 451005 722473 5197183 360106 23175354 22660901 260005 1350000 1500000 29083547 26593480 X 33401345 32920939 1754173 1907016 35155518 34827955 64239065 61421435 X -552316 224753 X false true X true false X 3317183 1736410 1676392 379328 621211 7730524 3577381 7566181 8793410 9955748 20030862 49923582 6894564 9302591 10469802 10335076 20652073 57654106 50148 20704 36700 107552 290254 290254 50148 20704 36700 290254 397806 57256300 128006 165847 163999 297859 322484 1078195 128006 165847 163999 297859 322484 1078195 722057 722057 7744627 9468438 10633801 10632935 20974557 59454358 0.96300 0.95630 0.02000 0.02000 X PART III, LINE 12 OTHER REVENUE 722,057 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X false 1432191 174566 40604 1566153 1252434 179757 1432191 1181140 115488 44194 1252434 1357762 2214 -178836 1181140 1038208 13120 306434 1357762 0.35130 0.64870 false false 7143305 7143305 46205076 6849462 39355614 7258206 140849 7117357 3122134 1751387 1370747 2382204 973891 1408313 56395336 BID FEE PAYABLE 1500000 1500000 X 21072523 224753 574420 799173 20273350 36102 135150 171252 20444602 21400086 574420 574420 20825666 36102 135150 171252 20996918 SCHEDULE D, PAGE 2, PART III, LINE 4 COLLECTIONS CONSIST OF TROPHIES, MEDALS, AND SIMILAR ASSETS THAT ARE HELD FOR PUBLIC EXHIBITION. AS PERMITTED BY ACCOUNTING STANDARDS, THE CLUB DOES NOT CAPITALIZE DONATED OR PURCHASED COLLECTION ITEMS; THEREFORE, THEY ARE NOT RECOGNIZED AS ASSETS ON THE STATEMENT OF FINANCIAL POSITION OR CONTRIBUTION REVENUE ON THE STATEMENT OF ACTIVITIES. EACH OF THE ITEMS IS CATALOGED, PRESERVED, AND CARED FOR, AND ACTIVITIES VERIFYING THEIR EXISTENCE AND ASSESSING THEIR CONDITION ARE PERFORMED CONTINUOUSLY. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN NET ASSETS WITHOUT DONOR RESTRICTIONS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED OR AS NET ASSETS WITH DONOR RESTRICTIONS IF A DONOR MAKES A CONTRIBUTION INTENDED TO FUND THE SUBSEQUENT PURCHASE OF COLLECTIONS. IT IS THE POLICY OF THE CLUB THAT PROCEEDS FROM THE SALE OF ANY COLLECTION ITEMS ARE TO BE USED TO PURCHASE ADDITIONAL COLLECTION ITEMS AND FOR THE DIRECT CARE OF COLLECTION ITEMS. THE CLUB CONSIDERS DIRECT CARE TO ENTAIL ACTIONS THAT ENHANCE THE LIFE, USEFULNESS, OR QUALITY OF THE COLLECTION ITEMS TO ENSURE THEY WILL CONTINUE TO BENEFIT THE PUBLIC. SCHEDULE D, PAGE 2, PART V, LINE 4 DISTRIBUTIONS FROM THE FUND MAY BE MADE ANNUALLY IN AN AMOUNT UP TO 75% OF THE INCREASE IN THE VALUE OF THE FUND OVER THE COURSE OF THE IMMEDIATELY PRECEDING CALENDAR YEAR AND UNDISTRIBUTED EARNINGS FROM PRIOR YEARS FOR THE PURPOSE OF SUPPORTING AND DEVELOPING AMATEUR ATHLETES FOR NATIONAL AND INTERNATIONAL COMPETITION IN ICE SKATING. SCHEDULE D, PAGE 3, PART X MANAGEMENT HAS EVALUATED SIGNIFICANT TAX POSITIONS AGAINST THE CRITERIA ESTABLISHED BY PROFESSIONAL STANDARDS AND BELIEVES THERE ARE NO SUCH TAX POSITIONS REQUIRING ACCOUNTING RECOGNITION IN THE FINANCIAL STATEMENTS. ANY CHANGES IN TAX POSITIONS WILL BE RECORDED WHEN THE ULTIMATE OUTCOME BECOMES KNOWN. THE CLUB'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES GENERALLY FOR THREE YEARS AFTER THE DATE ON WHICH THOSE RETURNS ARE FILED. THE CLUB RECOGNIZES INTEREST AND PENALTIES, IF ANY, RELATED TO INCOME TAX LIABILITIES AS INCOME TAX EXPENSE IN THE STATEMENTS OF ACTIVITIES. SCHEDULE D, PAGE 4, PART XI, LINE 2D COST OF GOODS SOLD 574,420 SCHEDULE D, PAGE 4, PART XI, LINE 4B SCHOLARSHIPS NETTED WITH REVENUE 135,150 SCHEDULE D, PAGE 4, PART XII, LINE 2D COST OF GOODS SOLD 574,420 SCHEDULE D, PAGE 4, PART XII, LINE 4B SCHOLARSHIPS NETTED WITH REVENUE 135,150 true SCHOLARSHIPS 9 6604 135150 FMV ICE TIME SCHEDULE I, PAGE 1, PART I, LINE 2 THE SCHOLARSHIPS ARE AWARDED TO SUPPORT CLUB MEMBERS IN THE ICE DANCE, PAIRS, AND SINGLES (MEN AND WOMEN) DISCIPLINES, IN KEEPING WITH THE DISCIPLINES OF THE ISU WORLD FIGURE SKATING CHAMPIONSHIPS. SKATERS MUST REPRESENT THE SKATING CLUB OF BOSTON IN QUALIFYING U.S. FIGURE SKATING COMPETITIONS AND THE UNITED STATES IN ISU-SANCTIONED COMPETITIONS. SKATERS MUST BE MEMBERS WITH CLUB ACCOUNTS IN GOOD STANDING AND MUST REPRESENT THE CLUB AT THE TIME OF QUALIFYING FOR SCHOLARSHIP. SKATERS MUST PARTICIPATE IN ICE CHIPS FOR EACH YEAR IN WHICH THEY ARE RECEIVING CLUB FUNDING, UNLESS OTHERWISE APPROVED BY CLUB MANAGEMENT. SKATERS MUST CONTRACT ICE AT THE CLUB DURING THE FALL/WINTER/SPRING SEASON. SCHOLARSHIPS FROM THE FUND WILL BE AWARDED IN EQUIVALENT CASH VALUE TO CREDITS FOR ICE TIME PURCHASED FROM THE SKATING CLUB OF BOSTON. IN CERTAIN CIRCUMSTANCES, SPECIAL AWARDS MAY BE MADE TO ASSIST A MEMBER WITH THEIR MEMBERSHIP DUES. X X X X false false false false false false false true false DOUGLAS ZEGHIBE EXECUTIVE DIRECTOR 326015 2000 9613 337628 CHRISTINE MCMURRAY CHIEF FINANCIAL OFFI 175000 500 175500 SCHEDULE J, PAGE 1, 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. A MASS DEVELOPMENT FINANCE AGENCY 043431814 2019-03-15 25000000 TO FINANCE CONSTRUCTION AT 750 UNIVERSITY AVENUE IN NORWOOD false false false A 2265779 25000000 50100 24949900 2020 false false true true A false false false false false false true A false false true false false false false false true A true PURPOSE OF ISSUE DESCRIPTION MASS. DEVELOPMENT FINANCE AGENCY TO FINANCE CONSTRUCTION AT 750 UNIVERSITY AVENUE IN NORWOOD KATHARINE STEEGER WIFE OF DIRECTO 92680 COMPENSATION false FORM 990, PAGE 2, PART III, LINE 4A 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. FORM 990, PAGE 2, PART III, LINE 4B THE SKATING CLUB OF BOSTON OPERATES THE BOSTON PARK 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 A SKATING SHOW DURING THE WINTER 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. FORM 990, PAGE 6, PART VI, LINE 6 THE ORGANIZATION HAS TWO CLASSES OF MEMBERS: (A) THOSE WITH VOTING RIGHTS AND ANY OTHER LEGAL RIGHTS OR PRIVILEGES IN CONNECTION WITH THE GOVERNANCE OF THE CORPORATION AS ESTABLISHED BY THE BYLAWS AND THE ARTICLES OF ORGANIZATION AND (B) THOSE WITHOUT VOTING OR OTHER RIGHTS IN THE GOVERNANCE OF THE ORGANIZATION. FORM 990, PAGE 6, PART VI, LINE 7A VOTING MEMBERS HAVE THE RIGHT TO ELECT AND REMOVE THE DIRECTORS. THEY ALSO HAVE ADDITIONAL POWERS AND RIGHTS AS ARE VESTED IN VOTING MEMBERS BY APPLICABLE LAW OR THE BYLAWS, ARTICLES OF ORGANIZATION OR AMENDMENTS THERETO, OR AS ESTABLISHED BY THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 7B VOTING MEMBERS WILL VOTE ON GOVERNANCE DECISIONS AS DEEMED NECESSARY BY THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 11B A COPY OF THE FORM 990 IS DISTRIBUTED TO ALL MEMBERS OF THE GOVERNING BODY AFTER IT IS REVIEWED BY THE TREASURER AND THE FINANCE COMMITTEE BEFORE THE FORM IS FILED. FORM 990, PAGE 6, PART VI, LINE 12C ALL DIRECTORS AND OFFICERS ARE REQUIRED TO FILE WITH THE SECRETARY THE CONFLICT OF INTEREST DISCLOSURE FORM ATTACHED TO THE ORGANIZATION'S CONFLICT OF INTEREST POLICY ANNUALLY, PRIOR TO THE FIRST BOARD MEETING OF THE YEAR'S NEW TERM. IF AN INDIVIDUAL HAS A CONFLICT OF INTEREST, HE OR SHE MUST FULLY DISCLOSE THE NATURE OF THE INTEREST AND WITHDRAW FROM DISCUSSION, LOBBYING, AND VOTING ON THE MATTER. ANY TRANSACTION OR VOTE INVOLVING A POTENTIAL CONFLICT OF INTEREST SHALL BE APPROVED ONLY WHEN A MAJORITY OF DISINTERESTED DIRECTORS OR VOTING MEMBERS DETERMINE THAT IT IS IN THE BEST INTEREST OF THE ORGANIZATION TO DO SO. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION FOR THE EXECUTIVE DIRECTOR WAS DETERMINED BY THE COMPENSATION COMMITTEE AND RATIFIED BY THE BOARD OF DIRECTORS. GENERAL EXECUTIVE DIRECTOR POSITIONS IN BOSTON WERE LOOKED AT, BUT MORE SIGNIFICANTLY, THE DETROIT SKATING CLUB, THE CLOSEST INDUSTRY COMPETITOR TO THE CLUB. THE COMPENSATION WAS ADJUSTED TO REFLECT THE LARGER POSITION IN BOSTON AS WELL AS THE COST OF LIVING. FINALLY, THE BOARD TOOK INTO CONSIDERATION THE EXECUTIVE DIRECTOR'S EXPERIENCE IN THE INDUSTRY. THE DISCUSSION WAS DOCUMENTED, AND A FIVE-YEAR EMPLOYMENT CONTRACT WAS SIGNED, COMMENCING JULY 1, 2020. IN 2023, THE CONTRACT WAS AMENDED TO EXTEND THROUGH JUNE 30, 2026. A 15-MONTH SERVICES AGREEMENT WAS SIGNED, COMMENCING APRIL 1, 2024, FOR COMPENSATION IN ADDITION TO THAT IN THE EMPLOYMENT CONTRACT. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 COST OF GOODS SOLD 574,420 SCHOLARSHIPS NETTED WITH REVENUE -135,150 COST OF GOODS SOLD -574,420 SCHOLARSHIPS NETTED WITH REVENUE 135,150