Boys & Girls Clubs Of The Midlands
- Assets
- $49.1m
- Revenue
- $10.1m
- Investments
- $1.3m
- Employees
- 287
- Location
- Omaha, NE
- Founding
- 12/1963
- Data as of
- 12/2021
- EIN
- 47-0467350
Organization Overview
Boys & Girls Clubs Of The Midlands is located in Omaha, NE. The organization was established in 1963. 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 12/2022, Boys & Girls Clubs Of The Midlands employed 287 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boys & Girls Clubs Of The Midlands 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, Boys & Girls Clubs Of The Midlands generated $10.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $10.2m during the year ending 12/2021. 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 CLUB PROVIDES BEHAVIORAL GUIDANCE AND PROMOTES HEALTH, SOCIAL, EDUCATIONAL, VOCATIONAL AND CHARACTER DEVELOPMENT OF BOYS ANG GIRLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BASIC NEEDS
READY TO LEARN
READY TO WORK
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Webb President/ceo | OfficerTrustee | 40 | $208,404 |
Timothy Holland Chairman | OfficerTrustee | 5 | $0 |
Dele Davies Board President | OfficerTrustee | 5 | $0 |
Dan Lonergan Board Treasurer | OfficerTrustee | 5 | $0 |
Todd Engle Director | Trustee | 5 | $0 |
Howard Kooper Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,970,454 |
| Investment income | $326,619 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $917,657 |
| Net Income from Fundraising Events | -$116,729 |
| Net Income from Gaming Activities | $8,350 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,137,249 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $685,896 |
| 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 to disqualified persons | $747,191 |
| Other salaries and wages | $4,310,112 |
| Pension plan accruals and contributions | $131,908 |
| Other employee benefits | $680,519 |
| Payroll taxes | $336,535 |
| Fees for services: Management | $154,667 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $55,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $99,468 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $584,892 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $348,066 |
| Travel | $192,753 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,482 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,523,318 |
| Insurance | $195,895 |
| All other expenses | $0 |
| Total functional expenses | $10,223,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,097,509 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,511,781 |
| Accounts receivable, net | $0 |
| 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 | $22,836 |
| Investments—publicly traded securities | $20,516,361 |
| Investments—other securities | $1,264,230 |
| Investments—program-related | $0 |
| Intangible assets | $12,376,239 |
| Other assets | $875,195 |
| Total assets | $49,101,773 |
| Accounts payable and accrued expenses | $282,288 |
| Grants payable | $0 |
| Deferred revenue | $384,927 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $26,327 |
| 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 | $1,073,751 |
| Total liabilities | $1,767,293 |
| Net assets without donor restrictions | $31,015,582 |
| Net assets with donor restrictions | $16,318,898 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $47,334,480 |