Boys & Girls Club Of The Virginia Peninsula Foundation Inc

Organization Overview

Boys & Girls Club Of The Virginia Peninsula Foundation Inc, operating under the name Foundation Inc, is located in Newport News, VA. The organization was established in 1991. According to its NTEE Classification (O23) the organization is classified as: Boys & Girls Clubs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation 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 12/2021, Foundation Inc generated $562.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.0%) each year. All expenses for the organization totaled $159.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (18.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

EDUCATIONAL PROGRAMS AND SCHOLARSHIPS. SEE STATEMENT 1, SCHEDULE O. TO ACQUIRE AND MANAGE ASSETS WHICH WILL BE USED TO MOTIVATE, EDUCATE, AND TRAIN ALL YOUTH, ESPECIALLY DISADVANTAGED YOUTH, AND TO INSPIRE THEM TO REACH THEIR FULL POTENTIAL BY OFFERING LIFE ENHANCING PROGRAMS, ACADEMIC INSTRUCTION AND EDUCATIONAL SCHOLARSHIPS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

FUNDING FOR EDUCATIONAL PROGRAMS AT RISK KIDS WHICH BENEFITED 366 SPECIFIC DISADVANTAGED YOUTH IN YORK COUNTY, VIRGINIA. SPECIFIC PROGRAMS INCLUDE: PROJECT LEARN WHICH REINFORCES AND ENHANCES THE SKILLS AND KNOWLEDGE YOUNG PEOPLE LEARN AT SCHOOL. POWER HOUR WHICH PROVIDES HOMEWORK HELP AND TUTORING FOR AT LEAST ONE HOUR A DAY. JUNIOR STAFF CAREER DEVELOPMENT WHICH PROVIDES HANDS-ON EXPERIENCES WITH HELPING OTHERS IN THE CLUB AND COMMUNITY. FINANCIAL LITERACY-PROVIDES THE SKILLS AND KNOWLEDGE THAT ALLOWS AN INDIVIDUAL TO MAKE INFORMED DECISIONS ABOUT THEIR FINANCIAL RESOURCES. THE BOYS & GIRLS CLUBS OF THE VIRGINIA PENINSULA FOUNDATION SEEKS TO HELP ALL YOUTH LIVE FULL, SATISFYING AND PRODUCTIVE LIVES. THE OUTCOMES BELOW DESCRIBE OUR EXPECTATIONS AND GOALS FOR YOUNG PEOPLE IN OUR PROGRAMS. THESE OUTCOMES ENCOMPASS BEHAVIORS, KNOWLEDGE, SKILLS, VALUES AND MOTIVATION. WE MUST PAY SPECIAL ATTENTION TO ASSURING THAT OUTCOMES ARE ACHIEVED INCLUSIVE OF ETHNICITY AND GENDER. OUR YOUTH, WHO ENTER THE WORLD WITH THE CAPACITIES DESCRIBED HERE, CAN BECOME RESPONSIBLE CITIZENS AND LEADERS ABLE TO SUPPORT THEMSELVES AND LIVE SUCCESSFUL LIVES. POSITIVE SELF-IDENTITY: YOUTH HAVE THE KNOWLEDGE, SKILLS, STRATEGIES AND ATTITUDES NECESSARY FOR A POSITIVE FOUNDATION FOR SUCCESS. THEY DEVELOP COMPETENCE IN THE FOLLOWING AREAS: EDUCATIONAL-YOUTH ARE PROFICIENT IN BASIC EDUCATIONAL DISCIPLINES AND HAVE THE CAPACITY TO UTILIZE TECHNOLOGY. HAVING GRADUATED FROM HIGH SCHOOL, THEY ARE MOTIVATED TO PURSUE LEARNING OPPORTUNITIES THROUGHOUT THEIR LIVES. EMPLOYMENT-YOUTH HAVE THE SKILLS AND ATTRIBUTES TO BE SUCCESSFUL IN THE WORK FORCE. THEY ARE MOTIVATED TO CONSTANTLY DEVELOP NEW SKILLS ADN HONE EXISTING SKILLS TO MAINTAIN A COMPETITIVE EDGE. SOCIAL-YOUTH ARE ABLE TO DEVELOP AND SUSTAIN POSITIVE RELATIONSHIPS WITH OTHERS. EMOTIONAL-YOUTH ARE ABLE TO RECOGNIZE, REFLECT ON AND APPROPRIATELY EXPRESS THEIR EMOTIONS, MANAGE STRESS AND COPE WITH POSITIVE AND ADVERSE SITUATIONS. CULTURAL-YOUTH HAVE AN UNDERSTANDING AND RESPECT FOR THEIR OWN CULTURAL IDENTITY AND FOR THE CULTURES OF OTHERS; THEY ARE ABLE TO CONTRIBUTE IN A MULTICULTURAL SOCIETY AND DEMONSTRATE TOLERANCE FOR THE DIFFERENCES AMONG PEOPLE. COMMUNITY AND CIVIC INVOLVEMENT-YOUTH HAVE A SENSE OF BELONGING TO THEIR COMMUNITY, FAMILY AND/OR GROUP AND ARE WILLING TO TAKE CIVIC RESPONSIBILITY. THEY WORK CLOSELY WITH OTHERS TO CONTRIBUTE TO THE GREATER GOOD. HEALTH AND WILL-BEING-YOUTH LIVE HEALTHY LIFESTYLES, TAKE PARE IN REGULAR FITNESS ACTIVITIES, ARE ABLE TO ACCESS HEALTH CARE RESOURCES AND ENGAGE IN POSITIVE BEHAVIORS. THEY USE SOUND JUDGMENT ABOUT PERSONAL SAFETY, NUTRITION AND AVOIDANCE OF ALCOHOL, DRUGS AND PREMATURE SEXUAL ACTIVITY. MORAL COMPASS-YOUTH HAVE VALUES ENABLING THEM TO DEVELOP POSITIVE RELATIONSHIPS WITH OTHERS. THESE VALUES INCLUDE HONESTY, A SENSE OF JUSTICE AND FAIRNESS, RESPECT, CARING AND SPIRITUALITY.


SCHOLARSHIPS TO DISADVANTAGED HIGH SCHOOL YOUTH ON THE VIRGINIA PENINSULA SO THEY MAY BENEFIT FROM UNIQUE EDUCATION OPPORTUNITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Joseph Latchum
Chairman
$0
James Bayne
Treasurer
$0
Rex Davis
Director
$0
Gary Minter
Director
$0
Jerry Franklin
Director
$0
Roy Stallings
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$38,478
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$38,478
Total Program Service Revenue$0
Investment income $57,800
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $465,925
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $562,203

Endowment Analysis

Beg. Balance$3,811,889
Earnings$524,470
Net Contributions$38,478
Other Expense-$34,652
Grants-$145,455
Ending Balance$4,194,730

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