Muggsy Bogues Family Foundation
- Assets
- $57.6k
- Revenue
- $143.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Matthews, NC
- Founding
- 12/2013
- Data as of
- 12/2021
- EIN
- 46-2043035
Organization Overview
Muggsy Bogues Family Foundation is located in Matthews, NC. The organization was established in 2013. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Muggsy Bogues Family Foundation 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 12/2021, Muggsy Bogues Family Foundation generated $143.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $112.9k during the year ending 12/2021. While expenses have increased by 8.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MUGGSY BOGUES FAMILY FOUNDATION EMPOWERS AT-RISK YOUTH AND FAMILIES TO IMPROVE THEIR QUALITY OF LIFE BY ADDRESSING FOOD INSECURITY, ACCESS TO EDUCATION AND JOB TRAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LABOR OF LOVE: FOOD DISTRIBUTION PROGRAM FOR AT-RISK FAMILIES HELD NEAR LABOR DAY TO PROVIDE PANTRY BOXES AND OTHER BASIC NECESSITIES SUCH AS WATER AND HYGIENE PRODUCTS. IN 2021, THE MBFF REACHED 183 INDIVIDUALS FROM 70 FAMILIES.THANKSGIVING LABOR OF LOVE: A FOOD DISTRIBUTION PROGRAM FOR AT-RISK FAMILIES HELD DURING THE THANKSGIVING SEASON (NOVEMBER) TO PROVIDE PANTRY BOXES AND OTHER BASIC NECESSITIES SUCH AS WATER AND HYGIENE PRODUCTS. IN 2021, THE MBFF REACHED 438 INDIVIDUALS FROM 111 FAMILIES.HOLIDAY LABOR OF LOVE: A FOOD DISTRIBUTION PROGRAM FOR AT-RISK FAMILIES HELDING DURING THE CHRISTMAS SEASON (DECEMBER) TO PROVIDE PANTRY BOXES, GROCERY GIFT CARDS, AND OTHER BASIC NECESSITIES SUCH AS WATER AND HYGIENE PRODUCTS. IN 2021, THE MBFF REACHED 376 INDIVIDUALS FROM 93 FAMILIES. ADDITIONALLY 100 HOLIDAY GIFT BAGS WERE DISTRIBUTED TO CHILDREN AND WOMEN AT THE THE CENTER OF HOPE DUE TO HOMELESSNESS.
MUGGSY BOGUES FAMILY SCHOLARSHIP FUND: A SCHOLARSHIP PROGRAM FOR ELIGIBLE STUDENTS ENROLLED IN SKILLED TRADE PROGRAMS AT CPCC. THE MBFF PARTNERS WITH THE CPCC FOUNDATION TO ADMINISTER SCHOLARSHIPS TO INCOME-ELIGIBLE STUDENTS. IN 2021, FOUR $2,500 SCHOLARSHIPS WERE AWARDED TO STUDENTS AT CPCC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Albanese Executive Dir. | Officer | 22 | $39,000 |
Muggsy Bogues President & CEO | OfficerTrustee | 1 | $0 |
Brittney Bogues Vice President | OfficerTrustee | 5 | $0 |
Kim Ferguson Secretary | OfficerTrustee | 1 | $0 |
Jonora Jones Treasurer | OfficerTrustee | 5 | $0 |
John Blair Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $31,340 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $79,770 |
| Noncash contributions included in lines 1a–1f | $28,300 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $111,110 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $32,472 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $143,582 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $9,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $39,000 |
| Compensation of current officers, directors, key employees. | $10,709 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $38,140 |
| Advertising and promotion | $636 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $513 |
| All other expenses | $1,120 |
| Total functional expenses | $112,895 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,322 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $206 |
| 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 | $4,101 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $57,629 |
| Accounts payable and accrued expenses | $7,384 |
| 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 | $7,384 |
| Net assets without donor restrictions | $40,842 |
| Net assets with donor restrictions | $9,403 |
| 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 | $57,629 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Muggsy Bogues Family Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Signal Centers Inc Chattanooga, TN | $10,070,860 | $27,319,073 |
Louise W Eggleston Center Inc Norfolk, VA | $29,105,931 | $28,904,867 |
Boulder Crest Foundation Bluemont, VA | $39,968,822 | $23,145,930 |
Central Fairfax Services Inc Springfield, VA | $6,565,063 | $13,281,706 |
Area Congregations Together In Service Richmond, VA | $1,536,280 | $15,128,315 |
Cedars Of Chapel Hill Club Inc Chapel Hill, NC | $6,435,897 | $14,257,296 |
Meritan Inc Memphis, TN | $4,688,088 | $16,356,031 |
Sober Living America Inc Woodstock, GA | $3,253,129 | $12,866,607 |
Hilltoppers Inc Crossville, TN | $11,714,552 | $11,864,400 |
Lakeway Center Of The Handicapped Inc Morristown, TN | $5,691,574 | $10,737,798 |
Project Community Connections Inc Snellville, GA | $7,907,860 | $10,954,285 |
Prs Inc Oakton, VA | $7,358,160 | $12,734,897 |