The Foundation For The Boys & Girls Clubs Inc
- Assets
- $14.3m
- Revenue
- $643.7k
- Investments
- $13.4m
- Employees
- 0
- Location
- Bradenton, FL
- Founding
- 09/1989
- Data as of
- 12/2020
- EIN
- 65-0125981
Organization Overview
The Foundation For The Boys & Girls Clubs Inc is located in Bradenton, FL. The organization was established in 1989. According to its NTEE Classification (O12) the organization is classified as: Fund Raising & Fund Distribution, 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 For The Boys & Girls Clubs 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 12/2020, Foundation For The Boys & Girls Clubs Inc generated $643.7k 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 (5.8%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FUNDS TO SUPPORT THE PROGRAMS, SERVICES & CAPITAL NEEDS OF THE BOYS & GIRLS CLUBS OF MANATEE COUNTY, FLORIDA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FUNDS TO SUPPORT THE PROGRAMS, SERVICES AND CAPITAL NEEDS OF THE BOYS AND GIRLS CLUBS OF MANATEE COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Moschella Chair | OfficerTrustee | 1 | $0 |
Bill Blalock Secretary | OfficerTrustee | 1 | $0 |
Christine Yekel Treasurer | OfficerTrustee | 1 | $0 |
Dawn Stanhope President | Officer | 40 | $0 |
Nancy Stone VP Of Finance | Officer | 40 | $0 |
Anne Lee Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $129,312 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,109 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $643,670 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| 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 | $11,685 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,514 |
| Fees for services: Other | $3,150 |
| Advertising and promotion | $0 |
| Office expenses | $332 |
| 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 | $4,605 |
| All other expenses | $0 |
| Total functional expenses | $1,172,242 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,463 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $12,000 |
| Accounts receivable, net | $516,352 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $13,362,464 |
| Investments—program-related | -$30,318 |
| Intangible assets | $0 |
| Other assets | $42,355 |
| Total assets | $14,306,410 |
| Accounts payable and accrued expenses | $296 |
| 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 | $75,250 |
| Total liabilities | $75,546 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $14,230,864 |
Endowment Analysis
| Beg. Balance | $279,565 |
| Earnings | -$597 |
| Ending Balance | $278,968 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kevin Durant Charity Foundation Miami, FL | $727,254 | $2,987,133 |
Orlando Magic Youth Foundation Inc Orlando, FL | $1,082,991 | $1,403,491 |
The Foundation For The Boys & Girls Clubs Inc Bradenton, FL | $14,306,410 | $643,670 |
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