Boys And Girls Clubs Of Palm Beach County Inc
- Assets
- $24.1m
- Revenue
- $20.7m
- Investments
- $0.0
- Employees
- 534
- Location
- West Palm Beach, FL
- Founding
- 04/1970
- Data as of
- 09/2022
- EIN
- 23-7060561
Organization Overview
Boys And Girls Clubs Of Palm Beach County Inc is located in West Palm Beach, FL. The organization was established in 1970. 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 09/2022, Boys And Girls Clubs Of Palm Beach County Inc employed 534 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boys And Girls Clubs Of Palm Beach County 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 09/2022, Boys And Girls Clubs Of Palm Beach County Inc generated $20.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $23.5m during the year ending 09/2022. While expenses have increased by 12.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CLUB IS A VOLUNTARY ORGANIZATION WHICH PROVIDES EDUCATIONAL, ATHLETIC AND SOCIAL SERVICES TO CHILDREN AND TEENS THROUGHOUT PALM BEACH COUNTY, FLORIDA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLUB YOUTH ARE OFFERED NUMEROUS OPPORTUNITIES TO BECOME ACTIVE IN HELPING THEIR COMMUNITY AND THEIR CLUB. YOUTH CAN BECOME INVOLVED IN LEADERSHIP CLUBS WHERE THEY NOT ONLY GAIN KNOWLEDGE OF OUR GOVERNMENTAL SYSTEMS, BUT ORGANIZE ACTIVITIES FROM BEACH CLEANUPS, FEEDING PROGRAMS FOR THE POOR, SENIOR CITIZEN CENTER VISITS, AND PREVENTION EDUCATION.
THE 13 CLUBS OF THE BOYS & GIRLS CLUB OF PALM BEACH COUNTY ALL HIRE CERTIFIED TEACHERS WHO, TOGETHER WITH THE CLUB'S PROGRAM STAFF, WORK CLOSELY WITH OUR YOUTH TO HELP THEM SUCCEED IN SCHOOL AND IN LIFE. PROGRAMS ARE DESIGNED TO PROVIDE YOUTH WITH FUN, YET EDUCATIONAL PROGRAMS TARGETING READING, WRITING, MATH AND SCIENCE. HISTORICALLY, CLUB YOUTH OUTPERFORM THEIR SAME SCHOOL PEERS, STAY IN SCHOOL LONGER AND GRADUATE FROM HIGH SCHOOL AT A HIGHER RATE THAN THE GENERAL SCHOOL POPULATION.
PROVIDING YOUTH WITH SOCIAL SKILLS IS ESSENTIAL TO THEIR ABILITY TO SUCCESSFULLY DEAL WITH OTHERS AND TRANSITION INTO CARING, RESPONSIBLE AND PRODUCTIVE ADULTS. BY OFFERING YOUTH OPPORTUNITIES TO INTERACT WITH CHILDREN AND ADULTS IN A VARIETY OF SOCIAL SETTINGS, CHILDREN LEARN HOW TO POSITIVELY ENGAGE OTHERS. IN ADDITION, THEY ARE ABLE TO PARTICIPATE IN GAMES AND SPORTS, WHICH ARE HEALTHY LEISURE TIME ACTIVITIES. THE CLUB BELIEVES YOUTH LEARN MANY SKILLS IN THE GAME ROOM, WHICH CAN BE TRANSFERRED TO THE BOARD ROOM AS AN ADULT.
HEALTH, PHYSICAL EDUCATION, TECHNOLOGY, & CULTURAL ARTS - COMPETITIVE AND NON-COMPETITIVE ATHLETICS THROUGH INDIVIDUAL AND TEAM SPORTING EVENTS AND LEAGUES; FIRST AID AND CPR TRAINING; TECHNOLOGY TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jaene A Miranda President & CEO | Officer | 40 | $283,519 |
Julie Bass CFO | 40 | $184,129 | |
Kimberly Sovinski Vice President | 40 | $161,767 | |
Timothy Tracy Vice President | 40 | $139,050 | |
Steven Cornette Vice President | 40 | $135,434 | |
Victor Rivera Vice President | 40 | $119,995 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $343,192 |
| Membership dues | $0 |
| Fundraising events | $193,644 |
| Related organizations | $0 |
| Government grants | $7,781,718 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,353,629 |
| Noncash contributions included in lines 1a–1f | $1,725,083 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,672,183 |
| Total Program Service Revenue | $365,288 |
| Investment income | $99 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,450,462 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $7,960 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,667,962 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,486,479 |
| 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. | $938,427 |
| Compensation of current officers, directors, key employees. | $69,425 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,291,038 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $669,280 |
| Payroll taxes | $689,278 |
| 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 | $149,308 |
| Advertising and promotion | $61,155 |
| Office expenses | $140,381 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,036,914 |
| Travel | $416,088 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,057 |
| Interest | $242,579 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $858,115 |
| Insurance | $621,194 |
| All other expenses | $430,282 |
| Total functional expenses | $23,484,808 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,568,842 |
| Savings and temporary cash investments | $50,707 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,157,284 |
| 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 | $589,263 |
| Net Land, buildings, and equipment | $19,645,595 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $118,630 |
| Total assets | $24,130,321 |
| Accounts payable and accrued expenses | $1,222,916 |
| Grants payable | $0 |
| Deferred revenue | $3,633,100 |
| 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 | $7,793,591 |
| Other liabilities | $0 |
| Total liabilities | $12,649,607 |
| Net assets without donor restrictions | $8,395,155 |
| Net assets with donor restrictions | $3,085,559 |
| 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 | $24,130,321 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Boys And Girls Clubs Of Palm Beach County Inc has recieved totaling $39,000.
| Awarding Organization | Amount |
|---|---|
Gaynor Family Foundation Cincinnati, OH PURPOSE: GENERAL | $25,000 |
Lawrence A Sanders Foundation Inc Boca Raton, FL PURPOSE: UNRESTRICTED DONATIONS | $10,000 |
Bay Branch Foundation Boca Raton, FL PURPOSE: TO FINANCE FUNDRAISING EVENTS | $4,000 |
Endowment Analysis
| Beg. Balance | $8,917,050 |
| Earnings | -$2,601,366 |
| Net Contributions | $8,453,041 |
| Ending Balance | $14,768,725 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Boys And Girls Clubs Of Palm Beach County Inc West Palm Beach, FL | $24,130,321 | $20,667,962 |
Boys & Girls Clubs Of Metro Atlanta Inc Chamblee, GA | $73,032,085 | $27,276,380 |
Boys & Girls Clubs Of Central Florida Orlando, FL | $41,538,088 | $66,034,982 |
Boys And Girls Clubs Of Northeast Florida Inc Jacksonville, FL | $19,339,095 | $21,038,909 |
Boys & Girls Club Of Martin County Inc Hobe Sound, FL | $33,721,745 | $22,197,432 |
Boys And Girls Clubs Of Tampa Bay Inc Tampa, FL | $17,748,593 | $9,755,388 |
Boys & Girls Clubs Of Sarasota And Desoto Counties Inc Sarasota, FL | $24,486,139 | $10,286,700 |
Boys And Girls Club Of North Alabama Huntsville, AL | $8,005,907 | $10,583,177 |
Boys And Girls Clubs Of The Suncoast Inc Clearwater, FL | $3,543,242 | $5,813,838 |
Boys And Girls Clubs Of Miami-Dade Inc Miami, FL | $17,524,292 | $5,010,997 |
Boys And Girls Clubs Of The Emerald Coast Inc Fort Walton Beach, FL | $943,961 | $4,260,308 |
Boys And Girls Club Of North Central Florida Inc Perry, FL | $1,945,067 | $3,716,338 |