Boys & Girls Club Of Greater Holyoke Inc
- Assets
- $7.1m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 64
- Location
- Holyoke, MA
- Founding
- 04/1994
- Data as of
- 06/2022
- 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 06/2022, Boys & Girls Club Of Greater Holyoke Inc employed 64 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 06/2022, Boys & Girls Club Of Greater Holyoke Inc generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $2.0m during the year ending 06/2022. While expenses have increased by 2.8% 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
2022
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 |
|---|---|---|---|
Eileen Cavanaugh Executive Director | Officer | 40 | $134,699 |
Ann Mann Operations/finance Dir. | Officer | 40 | $98,261 |
Brian Stebbins Chair | OfficerTrustee | 2 | $0 |
Robert Raynor 1st Vice Chair | OfficerTrustee | 2 | $0 |
Matthew Mainville Past Chair | OfficerTrustee | 2 | $0 |
Kelly Mcgiverin Clerk | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Inglewood General Contractors Construction | 6/29/22 | $671,152 |
Kleeberg Sheet Metal Inc Construction | 6/29/22 | $607,257 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,107,510 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,186,992 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,294,502 |
| Total Program Service Revenue | $342,381 |
| Investment income | $46,507 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,050 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $37,781 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,739,142 |
| 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. | $240,784 |
| Compensation of current officers, directors, key employees. | $28,156 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $657,786 |
| Pension plan accruals and contributions | $23,503 |
| Other employee benefits | $36,949 |
| Payroll taxes | $86,139 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,411 |
| Fees for services: Accounting | $48,540 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $141,164 |
| Advertising and promotion | $1,230 |
| Office expenses | $42,466 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $80,504 |
| Travel | $16,859 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,000 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $118,187 |
| Insurance | $62,985 |
| All other expenses | $7,435 |
| Total functional expenses | $1,971,267 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,588,834 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $423,533 |
| Accounts receivable, net | $185 |
| 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 | $53,278 |
| Net Land, buildings, and equipment | $2,694,043 |
| Investments—publicly traded securities | $2,073,772 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $220,013 |
| Total assets | $7,053,658 |
| Accounts payable and accrued expenses | $218,383 |
| 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 | $218,383 |
| Net assets without donor restrictions | $6,590,976 |
| Net assets with donor restrictions | $244,299 |
| 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 | $7,053,658 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Boys & Girls Club Of Greater Holyoke Inc has recieved totaling $346,377.
| Awarding Organization | Amount |
|---|---|
Amelia Peabody Foundation Wellesley, MA PURPOSE: BOYS & GIRLS CLUB OF GREATER HOLYOKE SATELLITE UNIT PROGRAMS | $75,000 |
Community Foundation Of Western Massachusetts Springfield, MA PURPOSE: HUMAN SERVICES | $64,748 |
Boys & Girls Clubs Of America Atlanta, GA PURPOSE: Support BGCA Program | $61,378 |
Beveridge Family Foundation Inc West Newbury, MA PURPOSE: HEALTH & SAFETY CAPITAL PROJECT - BATHROOM RENOVATIONS | $40,000 |
Boys & Girls Clubs Of America Atlanta, GA PURPOSE: Support BGCA Program | $35,880 |
Mass Mentoring Partnership Inc Boston, MA PURPOSE: TO START OR EXPAND YOUTH MENTORING PROGRAMS ACCORDING TO CURRENT BEST PRACTICES AND FOR PURPOSES INCLUDING ADVANCING ACADEMIC PERFORMACE, SELF-ESTEEM, SOCIAL COMPENTENCE AND WORKFORCE DEVELOPMENT. | $25,000 |
Endowment Analysis
| Beg. Balance | $2,435,579 |
| Earnings | -$375,555 |
| Admin Expense | $22,475 |
| Net Contributions | $36,223 |
| Ending Balance | $2,073,772 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Madison Square Boys & Girls Club Inc New York, NY | $113,166,450 | $16,186,377 |
Kips Bay Boys And Girls Club Inc Bronx, NY | $29,136,373 | $11,702,149 |
Boys & Girls Club Of Central New Hampshire Inc Concord, NH | $13,472,672 | $8,851,535 |
Boys And Girls Clubs Of Hartford Inc Hartford, CT | $43,657,664 | $9,963,793 |
Boys & Girls Club Of Metro Queens Inc South Richmond Hill, NY | $10,687,196 | $6,066,978 |
Boys & Girls Clubs Of The Capital Area Inc Albany, NY | $8,608,570 | $7,515,956 |
Boys Club Of Mount Kisco Inc Mount Kisco, NY | $9,832,840 | $5,014,270 |
Manchester Boys And Girls Club Manchester, NH | $20,547,456 | $4,680,452 |
Boys And Girls Clubs Of Providence Providence, RI | $5,991,132 | $4,785,276 |
Boys And Girls Clubs Of Metro South Inc Taunton, MA | $8,642,224 | $4,925,133 |
Boys & Girls Club Of Stamford Inc Stamford, CT | $14,208,923 | $3,416,145 |
Boys And Girls Club Of Worcester Worcester, MA | $9,939,235 | $5,496,927 |