Boys & Girls Club Of Greater Holyoke Inc
- Assets
- $8.3m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 69
- Location
- Holyoke, MA
- Founding
- 04/1994
- Data as of
- 06/2023
- EIN
- 04-2103792
Organization Overview
Boys & Girls Club Of Greater Holyoke Inc is located in Holyoke, MA. The organization was established in 1994. According to its NTEE Classification (O23) the organization is classified as: Boys & Girls Clubs, under the broad grouping of Youth Development and related organizations. As of 06/2023, Boys & Girls Club Of Greater Holyoke Inc employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boys & Girls Club Of Greater Holyoke 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 06/2023, Boys & Girls Club Of Greater Holyoke Inc generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $2.2m during the year ending 06/2023. While expenses have increased by 5.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENABLE ALL YOUNG PEOPLE, ESPECIALLY THOSE WHO NEED US MOST, TO REACH THEIR FULL POTENTIAL AS PRODUCTIVE, CARING, AND RESPONSIBLE CITZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BOYS & GIRLS CLUB - TO PROVIDE FACILITIES, ACTIVITIES, AND GUIDANCE TO YOUTHS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Beauregard Director | Trustee | 0.5 | $0 |
Priscilla Chesky Director | Trustee | 0.5 | $0 |
Peter Connor Trustee | Trustee | 1 | $0 |
Denise Duguay Director | Trustee | 0.5 | $0 |
Brynn Gillis Director | Trustee | 0.5 | $0 |
John Hart Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Campora Construction Construction | 6/29/23 | $393,693 |
Inglewood General Contractors Construction | 6/29/23 | $240,723 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,558,980 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,079,665 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,638,645 |
| Total Program Service Revenue | $625,717 |
| Investment income | $105,247 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,771 |
| Net Gain/Loss on Asset Sales | $25,284 |
| Net Income from Fundraising Events | $47,554 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,474,877 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $263,860 |
| Compensation of current officers, directors, key employees. | $24,184 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $743,027 |
| Pension plan accruals and contributions | $21,282 |
| Other employee benefits | $43,475 |
| Payroll taxes | $98,593 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $49,040 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $74,889 |
| Advertising and promotion | $2,156 |
| Office expenses | $46,079 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $177,429 |
| Travel | $19,705 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,544 |
| Interest | $1,131 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $191,978 |
| Insurance | $61,009 |
| All other expenses | $14,193 |
| Total functional expenses | $2,212,913 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,584,908 |
| Savings and temporary cash investments | $503,933 |
| Pledges and grants receivable | $393,082 |
| Accounts receivable, net | $410 |
| 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 | $32,043 |
| Net Land, buildings, and equipment | $3,339,626 |
| Investments—publicly traded securities | $2,284,809 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $210,200 |
| Total assets | $8,349,011 |
| Accounts payable and accrued expenses | $165,430 |
| 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 | $0 |
| Total liabilities | $165,430 |
| Net assets without donor restrictions | $7,949,095 |
| Net assets with donor restrictions | $234,486 |
| 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 | $8,349,011 |