Boys & Girls Clubs Of Greater Memphis
- Assets
- $20.9m
- Revenue
- $4.5m
- Investments
- $1.5m
- Employees
- 220
- Location
- Memphis, TN
- Founding
- 01/1964
- Data as of
- 12/2022
- EIN
- 62-0646371
Organization Overview
Boys & Girls Clubs Of Greater Memphis is located in Memphis, TN. The organization was established in 1964. 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 Greater Memphis employed 220 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boys & Girls Clubs Of Greater Memphis 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 12/2022, Boys & Girls Clubs Of Greater Memphis generated $4.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $6.1m during the year ending 12/2022. While expenses have increased by 5.3% per year over the past 8 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 ORGANIZATION OPERATES A COMPREHENSIVE ACTIVITY PROGRAM FOR BOYS AND GIRLS IN MEMPHIS, TN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINING FACILITIES AND ADMINISTERING VARIOUS PROGRAMS FOR THE BENEFIT OF LOCAL BOYS AND GIRLS' CLUB MEMBERS. THE NUMBER OF BOYS AND GIRLS SERVED IN 2022 WAS APPROXIMATELY 5000.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben C Adams Jr Director | Trustee | 1 | $0 |
Albert Jay Martin Director | Trustee | 1 | $0 |
Ronald Solberg Director | Trustee | 1 | $0 |
David Sorsby Director | Trustee | 1 | $0 |
Paulo Teixeira Director | Trustee | 1 | $0 |
Shannon Brown Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rl Campbell Contracting Co Oakhaven Renovations | 12/30/15 | $382,287 |
B Four Plied Inc Oakhaven Renovations | 12/30/15 | $125,658 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $317,676 |
| Membership dues | $40,508 |
| Fundraising events | $367,480 |
| Related organizations | $0 |
| Government grants | $1,928,039 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,467,422 |
| Noncash contributions included in lines 1a–1f | $105,706 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,121,125 |
| Total Program Service Revenue | $0 |
| Investment income | $350,520 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $25,109 |
| Net Income from Fundraising Events | -$28,515 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,468,239 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $316,278 |
| Compensation of current officers, directors, key employees. | $61,322 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,149,593 |
| Pension plan accruals and contributions | $477,101 |
| Other employee benefits | $0 |
| Payroll taxes | $258,856 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $80,295 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,569 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,987 |
| Travel | $4,977 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $107,749 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $385,760 |
| Insurance | $167,623 |
| All other expenses | $107,327 |
| Total functional expenses | $6,060,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,988,874 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $119,500 |
| Accounts receivable, net | $2,438 |
| 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 | $45,000 |
| Net Land, buildings, and equipment | $4,927,241 |
| Investments—publicly traded securities | $11,038,255 |
| Investments—other securities | $1,548,347 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $247,859 |
| Total assets | $20,917,514 |
| Accounts payable and accrued expenses | $301,772 |
| Grants payable | $0 |
| Deferred revenue | $1,797,395 |
| 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 | $3,343,816 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,442,983 |
| Net assets without donor restrictions | $12,607,272 |
| Net assets with donor restrictions | $2,867,259 |
| 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 | $20,917,514 |