Boys & Girls Club Of Stoneham Inc
- Assets
- $5.3m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 159
- Location
- Stoneham, MA
- Founding
- 07/1969
- Data as of
- 08/2023
- EIN
- 23-7025777
Organization Overview
Boys & Girls Club Of Stoneham Inc is located in Stoneham, MA. The organization was established in 1969. According to its NTEE Classification (O21) the organization is classified as: Boys Clubs, under the broad grouping of Youth Development and related organizations. As of 08/2023, Boys & Girls Club Of Stoneham Inc employed 159 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boys & Girls Club Of Stoneham 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 08/2023, Boys & Girls Club Of Stoneham Inc generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 21.4% each year . All expenses for the organization totaled $4.2m during the year ending 08/2023. While expenses have increased by 19.4% per year over the past 8 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 INSPIRE AND ENABLE ALL YOUNG PEOPLE ESPECIALLY THOSE WHO NEED US MOST TO REALIZE THEIR FULL POTENTIAL AS PRODUCTIVE, RESPONSIBLE AND CARING CITIZENS. OFFERING A VARIETY OF YOUTH DEVELOPMENT AND COMMUNITY PROGRAMS FOR OVER 40 YEARS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STONEHAM CLUB - SOCIAL, ACADEMIC, ATHLETIC, AND CULTURAL YOUTH PROGRAMS AND SERVICES.
TEEN PROGRAMMING - SOCIAL, ACADEMIC ATHLETIC, AND CULTURAL YOUTH PROGRAMS AND SERVICES SPECIFICALLY DESIGNED FOR AGES 13-18
WAKEFIELD CLUB - SOCIAL, ACADEMIC, ATHLETIC, AND CULTURAL YOUTH PROGRAMS AND SERVICES.
COMMUNITY PROGRAMS - PROVIDING SUMMER POOL AND BOATING PROGRAMMING TO THE STONEHAM AND WAKEFIELD COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Guillaume President | OfficerTrustee | 0 | $0 |
William Kidder Treasurer | OfficerTrustee | 0 | $0 |
Jeffrey Johnson Vice President | OfficerTrustee | 0 | $0 |
Dawn Shaefer Secretary | OfficerTrustee | 0 | $0 |
Laurie O'brien Director | Trustee | 0 | $0 |
Marc Trachtenberg Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,471,057 |
| All other contributions, gifts, grants, and similar amounts not included above | $908,699 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,379,756 |
| Total Program Service Revenue | $1,621,750 |
| Investment income | $74,195 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,108,596 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,376,409 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $256,380 |
| Payroll taxes | $193,549 |
| 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 | $0 |
| Advertising and promotion | $866 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $134,260 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,652 |
| Interest | $71,646 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $58,806 |
| Insurance | $53,259 |
| All other expenses | $189,703 |
| Total functional expenses | $4,156,963 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,156,437 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $494,186 |
| Accounts receivable, net | $214,646 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $388,268 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,565,804 |
| Investments—publicly traded securities | $526,805 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,346,146 |
| Accounts payable and accrued expenses | $176,401 |
| Grants payable | $0 |
| Deferred revenue | $55,132 |
| 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 | $1,978,062 |
| Other liabilities | $4,603 |
| Total liabilities | $2,214,198 |
| Net assets without donor restrictions | $2,867,160 |
| Net assets with donor restrictions | $264,788 |
| 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 | $5,346,146 |