Boys And Girls Clubs Of Sherman Inc is located in Sherman, TX. The organization was established in 1971. According to its NTEE Classification (O21) the organization is classified as: Boys Clubs, under the broad grouping of Youth Development and related organizations. As of 12/2021, Boys And Girls Clubs Of Sherman Inc employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boys And Girls Clubs Of Sherman 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 12/2021, Boys And Girls Clubs Of Sherman Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.2% each year . All expenses for the organization totaled $629.5k during the year ending 12/2021. While expenses have increased by 9.1% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENGAGE, INSPIRE, AND EMPOWER YOUTH TO DISCOVER THEIR OWN FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENABLE ALL YOUNG PEOPLE, ESPECIALLY THOSE WHO NEED US MOST, TO REACH THEIR FULL POTENTIAL AS PRODUCTIVE, CARING, RESPONSIBLE CITIZENS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Zach Gladen President | OfficerTrustee | $0 | |
Pete Kloppers Treasurer | OfficerTrustee | $0 | |
Marlene Phillips Secretary | OfficerTrustee | $0 | |
Tony Aleman Area Council | Trustee | $0 | |
David Bayless Rd Chair | Trustee | $0 | |
Jason Bethel Director | Trustee | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $13,469 |
All other contributions, gifts, grants, and similar amounts not included above | $881,458 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $894,927 |
Total Program Service Revenue | $124,838 |
Investment income | $199,756 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $18,923 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,238,734 |
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 | $334,634 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $19,357 |
Payroll taxes | $26,003 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $18,557 |
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 | $7,645 |
Information technology | $3,137 |
Royalties | $0 |
Occupancy | $40,986 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $2,307 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $36,756 |
Insurance | $16,188 |
All other expenses | $1,300 |
Total functional expenses | $629,523 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $554,213 |
Savings and temporary cash investments | $227,251 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,895 |
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 | $9,803 |
Net Land, buildings, and equipment | $903,813 |
Investments—publicly traded securities | $1,261,489 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $2,958,464 |
Accounts payable and accrued expenses | $6,498 |
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 | $48,100 |
Total liabilities | $54,598 |
Net assets without donor restrictions | $2,555,959 |
Net assets with donor restrictions | $347,907 |
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 | $2,958,464 |
Over the last fiscal year, we have identified 3 grants that Boys And Girls Clubs Of Sherman Inc has recieved totaling $92,843.
Awarding Organization | Amount |
---|---|
Boys & Girls Clubs Of America Atlanta, GA PURPOSE: Support BGCA Program | $53,361 |
Boys & Girls Clubs Of America Atlanta, GA PURPOSE: Support BGCA Program | $30,755 |
Good360 Alexandria, VA PURPOSE: TO ASSIST THOSE IN NEED. | $8,727 |
Organization Name | Assets | Revenue |
---|---|---|
Boys & Girls Clubs Of San Antonio Texas San Antonio, TX | $14,637,627 | $4,748,268 |
Clements Boys And Girls Club Inc Killeen, TX | $9,963,115 | $5,636,947 |
Boys Club Of Pharr Inc Pharr, TX | $4,346,783 | $3,016,683 |
Boys Club Of Wichita Falls Wichita Falls, TX | $8,791,180 | $3,049,342 |
Boys & Girls Club Of Central New Mexico Albuquerque, NM | $1,722,862 | $1,721,539 |
Fort Smith Boys Club Fort Smith, AR | $7,902,660 | $2,549,811 |
Young Mens Christian Association Of Metropolitan Dallas Foundation Coppell, TX | $38,256,050 | $6,673,590 |
Boys & Girls Club Of Bartlesville Bartlesville, OK | $10,347,254 | $4,247,814 |
Boys & Girls Club Of Farmington Farmington, NM | $2,506,606 | $2,024,042 |
Boys And Girls Club Of Vernon Inc Vernon, TX | $2,369,075 | $1,293,972 |
Boys And Girls Club Of Wichita Falls Endowment Fund Wichita Falls, TX | $22,162,725 | $1,859,769 |
West Memphis Boys Club Inc West Memphis, AR | $589,689 | $864,261 |