Boles Childrens Home Inc
- Assets
- $12.0m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 57
- Location
- Quinlan, TX
- Founding
- 10/2002
- Data as of
- 06/2022
- EIN
- 75-0904045
Organization Overview
Boles Childrens Home Inc is located in Quinlan, TX. The organization was established in 2002. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Boles Childrens Home Inc employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boles Childrens Home 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 06/2022, Boles Childrens Home Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $2.9m during the year ending 06/2022. 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
BOLES CHILDREN'S HOME PROVIDES A RESIDENTIAL HOME FOR MINOR CHILDREN WHO NEED SHELTER. IT SERVES APPROXIMATELY 100 RESIDENTIAL CHILDREN AT A TIME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BOLES CHILDREN'S HOME PROVIDES A RESIDENTIAL HOME FOR MINOR CHILDREN WHO NEED SHELTER. IT SERVES APPROXIMATELY 100 RESIDENTIAL CHILDREN AT A TIME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Derrough Campus Director | 40 | $125,363 | |
Jerry Cox Chairman Of The Board | OfficerTrustee | 1 | $0 |
Scott Stumbo Chief Financial Officer | Officer | 13 | $0 |
Troy Robertson President/ceo | Officer | 13 | $0 |
Nathalie Mcdonald Chief Development Officer | Officer | 13 | $0 |
Jana Woefel Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $187,029 |
| All other contributions, gifts, grants, and similar amounts not included above | $612,305 |
| Noncash contributions included in lines 1a–1f | $83,474 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $799,334 |
| Total Program Service Revenue | $19,046 |
| Investment income | $11 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $864,175 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,742,939 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,351,783 |
| Pension plan accruals and contributions | $80,578 |
| Other employee benefits | $178,948 |
| Payroll taxes | $101,324 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $51,396 |
| Information technology | $11,277 |
| Royalties | $0 |
| Occupancy | $344,667 |
| Travel | $6,337 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $871 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $294,985 |
| Insurance | $122,384 |
| All other expenses | $49,268 |
| Total functional expenses | $2,945,307 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,576,613 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,011 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $187,029 |
| Inventories for sale or use | $11,304 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,184,357 |
| Investments—publicly traded securities | $32,725 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $45,755 |
| Total assets | $12,043,794 |
| Accounts payable and accrued expenses | $82,607 |
| 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 | $24,288,662 |
| Total liabilities | $24,371,269 |
| Net assets without donor restrictions | -$13,521,726 |
| Net assets with donor restrictions | $1,194,251 |
| 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 | $12,043,794 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Boles Childrens Home Inc has recieved totaling $74,000.
| Awarding Organization | Amount |
|---|---|
Wolf Mountain Foundation Brighton, CO PURPOSE: TO CARRY OUT THE ORGANIZATIONS EXEMPT PURPOSES | $63,000 |
Alterman Foundation San Antonio, TX PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION. | $11,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Facilities Inc Hammond, LA | $142,004,479 | $18,110,312 |
The Macguire Center El Paso, TX | $178,858 | $665,370 |
Projecthandup Grapevine, TX | $51,069,660 | $5,731,956 |
Boles Childrens Home Inc Quinlan, TX | $12,043,794 | $1,742,939 |
Temenos Community Development Corpo Ration Houston, TX | $5,605,357 | -$300,037 |
Empower 225 Baton Rouge, LA | $1,080,614 | $2,677,785 |
Reynolds House Non-Profit Corporation El Paso, TX | $703,756 | $1,361,764 |
Reflection Ministries Of Texas Inc Midland, TX | $2,559,712 | $2,275,639 |
Covenant Recovery Inc Pine Bluff, AR | $956,380 | $1,711,087 |
New Orleans Women & Childrens Shelter Inc New Orleans, LA | $1,027,149 | $1,948,703 |
Inter-Cooperative Council At University Of Texas Inc Austin, TX | $6,304,599 | $1,430,552 |
Safer Path Family Violence Shelter Inc Pleasanton, TX | $927,958 | $1,402,239 |