The Foundation For The Boys & Girls Clubs Inc
- Assets
- $14.2m
- Revenue
- $1.6m
- Investments
- $13.2m
- Employees
- 0
- Location
- Bradenton, FL
- Founding
- 09/1989
- Data as of
- 12/2019
- 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.
For the year ending 12/2019, Foundation For The Boys & Girls Clubs Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $1.6m during the year ending 12/2019. While expenses have increased by 6.1% per year over the past 5 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
2019
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 |
|---|---|---|---|
Christine Yekel Treasurer | OfficerTrustee | 1 | $0 |
Gene Brown Chair | OfficerTrustee | 1 | $0 |
Bill Blalock Secretary | OfficerTrustee | 1 | $0 |
Austin Boyd Corporate Chair | OfficerTrustee | 1 | $0 |
Michael Moschella Vice Chair | OfficerTrustee | 1 | $0 |
Nancy Stone Finance Director | Officer | 40 | $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 | $49,256 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,256 |
| Total Program Service Revenue | $0 |
| Investment income | $163,737 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $141,493 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,571,642 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,172,562 |
| 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 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 | $9,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,963 |
| Fees for services: Other | $1,350 |
| Advertising and promotion | $0 |
| Office expenses | $318 |
| 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 | $295 |
| All other expenses | $0 |
| Total functional expenses | $1,622,353 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,225 |
| 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 | $684 |
| Net Land, buildings, and equipment | $394,094 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $13,244,154 |
| Investments—program-related | -$9,583 |
| Intangible assets | $0 |
| Other assets | $38,256 |
| Total assets | $14,239,182 |
| Accounts payable and accrued expenses | $0 |
| 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 | $81,207 |
| Total liabilities | $81,207 |
| Net assets without donor restrictions | $14,157,975 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $14,239,182 |
Endowment Analysis
| Beg. Balance | $269,356 |
| Earnings | $5,695 |
| Ending Balance | $275,051 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kevin Durant Charity Foundation Miami, FL | $119,747 | $1,705,980 |
The Foundation For The Boys & Girls Clubs Inc Bradenton, FL | $14,239,182 | $1,571,642 |
Childrens Fund Foundation Inc Ashland, AL | $116,109 | $1,000 |
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Donate My Christmas Inc Canton, GA | $45,829 | $333,167 |
The Little Lighthouse Foundation Inc Miami, FL | $302,327 | $522,847 |
Atlanta Charity Clays Inc Atlanta, GA | $485,325 | $367,174 |
Lazydays Employee Foundation Inc Seffner, FL | $599,444 | $114,729 |
Frank Ski Kids Foundation Inc Atlanta, GA | $61,612 | $0 |
The Kevin Popke Foundation Inc Jupiter, FL | $12,511 | $0 |
Ghetto Youths Foundation Miami Beach, FL | $59,852 | $132,315 |