Boys & Girls Clubs Of The Capital Area Inc
- Assets
- $9.1m
- Revenue
- $6.9m
- Investments
- $3.6m
- Employees
- 272
- Location
- Albany, NY
- Founding
- 02/1935
- Data as of
- 12/2023
- EIN
- 14-1338574
Organization Overview
Boys & Girls Clubs Of The Capital Area Inc is located in Albany, NY. The organization was established in 1935. 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 12/2023, Boys & Girls Clubs Of The Capital Area Inc employed 272 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boys & Girls Clubs Of The Capital Area 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 12/2023, Boys & Girls Clubs Of The Capital Area Inc generated $6.9m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 32.0% each year . All expenses for the organization totaled $6.5m during the year ending 12/2023. While expenses have increased by 28.0% per year over the past 9 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 PROVIDE A SAFE, FUN PLACE WHERE YOUTH ARE INSPIRED TO MAKE HEALTHY, RESPONSIBLE CHOICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED YOUTH PROGRAMS SUCH AS: AFTERSCHOOL CARE, PRE-K SCHOOLING, SPORTING, ACADEMIC AND SOCIAL EVENTS TO APPROX. 8,000 YOUTHS IN ORDER TO TEACH THE QUALITIES NEEDED TO BECOME RESPONSIBLE CITIZENS AND LEADERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Beaulac Board Member | Trustee | 1 | $0 |
Alicia Suarez Board Member | Trustee | 1 | $0 |
Andrea Smith Board Member | Trustee | 1 | $0 |
Matthew Smith Board Member | Trustee | 1 | $0 |
Justin Naef Board Member | Trustee | 1 | $0 |
Ed Nadeau Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $31,003 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,817,714 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,331,037 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,179,754 |
| Total Program Service Revenue | $339,368 |
| Investment income | $202,259 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $97,279 |
| Net Gain/Loss on Asset Sales | -$48,699 |
| Net Income from Fundraising Events | -$18,492 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,920,717 |
| 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. | $346,421 |
| Compensation of current officers, directors, key employees. | $346,421 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,869,280 |
| Pension plan accruals and contributions | $82,476 |
| Other employee benefits | $253,729 |
| Payroll taxes | $316,417 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $90,564 |
| Advertising and promotion | $26,600 |
| Office expenses | $86,674 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $189,268 |
| Travel | $23,778 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,457 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $115,639 |
| Insurance | $74,493 |
| All other expenses | $25,572 |
| Total functional expenses | $6,507,193 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,391,057 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,202,912 |
| 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 | $23,300 |
| Net Land, buildings, and equipment | $1,884,435 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,576,135 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,177 |
| Total assets | $9,082,016 |
| Accounts payable and accrued expenses | $195,554 |
| Grants payable | $0 |
| Deferred revenue | $125,000 |
| 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 | $480 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $92,500 |
| Total liabilities | $413,534 |
| Net assets without donor restrictions | $8,668,482 |
| Net assets with donor restrictions | $0 |
| 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 | $9,082,016 |