Blue Grass Boys Ranch Inc
- Assets
- $644.7k
- Revenue
- $90.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Lexington, KY
- Founding
- 04/1964
- Data as of
- 07/2023
- EIN
- 61-0602374
Organization Overview
Blue Grass Boys Ranch Inc is located in Lexington, KY. The organization was established in 1964. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blue Grass Boys Ranch 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 07/2023, Blue Grass Boys Ranch Inc generated $90.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.9% each year . All expenses for the organization totaled $90.1k during the year ending 07/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE BLUEGRASS BOYS RANCH SCHOLARS PROGRAM IS TO PROVIDE AN ENRICHED ACADEMIC PROGRAM IN A WARM AND COMFORTABLE RESIDENTIAL SETTING TOWARD ELICITING THE MAXIMUM PERSONAL ACHIEVEMENT FOR EACH CHILD, ULTIMATELY ENHANCING OUR CONTRIBUTION TO SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPROVE THE ACADEMIC SKILLS AND ACCOMPLISHMENTS OF UNDERACHIEVING MIDDLE SCHOOL STUDENTS IN ORDER THAT THEY MAY BE ADMITTED TO A RESIDENTIAL PREPARATORY SCHOOL ON A SCHOLARSHIP FOR THEIR HIGH SCHOOL YEARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert J Guinn Manager/treasurer | 20 | $7,200 | |
Patrick Wmadden President | 0.5 | $0 | |
Judy Kincaid Vice President/secretary | 0.3 | $0 | |
Charles D Baldecchi Director | 0.3 | $0 | |
Craig Turner Director | 0.3 | $0 | |
Masten Childers II Director | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $90,200 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $273 |
| Total Revenue | $90,473 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $7,200 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,880 |
| Total operating and administrative expenses | $14,744 |
| Contributions, gifts, grants paid | $75,383 |
| Total expenses and disbursements | $90,127 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,191 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $604,470 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $644,661 |
| Accounts payable and accrued expenses | -$30 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | -$30 |
Grants Awarded
Over the last fiscal year, Blue Grass Boys Ranch Inc has awarded $151,876 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE LEXINGTON SCHOOL PURPOSE: SCHOLARSHIPS | $150,000 |
SCHOLAR FAMILES PURPOSE: BOOKS, CLOTHING, AND SCHOOL SUPPLIES FOR SCHOLARSHIP RECIPIENTS. | $1,876 |