Fund For Olivet Boys & Girls Club
- Assets
- $2.3m
- Revenue
- $250.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Reading, PA
- Founding
- 05/2019
- Data as of
- 12/2021
- EIN
- 83-2334254
Organization Overview
Fund For Olivet Boys & Girls Club is located in Reading, PA. The organization was established in 2019. According to its NTEE Classification (O11) the organization is classified as: Single Organization Support, 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. Fund For Olivet Boys & Girls Club 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, Fund For Olivet Boys & Girls Club generated $250.1k in total revenue. The organization has seen a slow decline revenue. Over the past 2 years, revenues have fallen by an average of (1.9%) each year.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE MISSION OF OLIVET BOYS & GIRLS CLUB OF READING & BERKS COUNTY, PA
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND PROVIDES SUPPORT TO OLIVET BOYS & GIRLS CLUB TO CARRY OUT THEIR MISSION OF ENABLING ALL YOUNG PEOPLE, ESPECIALLY THOSE MOST IN NEED, TO REACH THEIR FULL POTENTIAL AS HEALTHY, PRODUCTIVE, CARING, RESPONSIBLE CITIZENS. THE FUND WILL GIVE THE OLIVET ORGANIZATION A BETTER BRAND FOR FUNDRAISING PURPOSES AND HELP LEAD TO AN INCREASE IN FUNDRAISING DOLLARS, ESPECIALLY LARGER DOLLAR GIFTS, SUCH AS PLANNED GIVING. AS OF DECEMBER 31, 2021 THE FUND'S ONLY ACTIVITY WAS RELATED TO INVESTMENT RETURNS AND THEY WERE NOT FULLY OPERATIONAL IN SOLICITING CONTRIBUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Massaro Interim Chair | OfficerTrustee | 1 | $0 |
Sabrena Elmarzouky Interim Director | OfficerTrustee | 1 | $0 |
Rachel Kuhn Interim Vice Chair | OfficerTrustee | 1 | $0 |
Alneasa Jordan Interim Director | OfficerTrustee | 1 | $0 |
Michael Mizak Interim Director | OfficerTrustee | 1 | $0 |
Pat Donahue Interim Secretary/treasurer | OfficerTrustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $250,095 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $250,095 |
| 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 | $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 | $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 | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $0 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,331,212 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,331,212 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $2,331,212 |
| 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 | $2,331,212 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fund For Olivet Boys & Girls Club has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Kozloff Family Charitable Trust Quakertown, PA PURPOSE: DONEE'SDISCRETION | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The American Friends Of Migdal Ohr New York, NY | $3,730,032 | $10,984,371 |
Newark Youth Development Fund Inc Newark, NJ | $8,290 | $6,651,415 |
Foundation For The Childrens Home Of Cincinnati Inc Cincinnati, OH | $58,390,641 | $4,043,119 |
Big Brothers Big Sisters Of Long Island Donation Center Inc Islandia, NY | $6,798,757 | $4,499,904 |
Homewood Childrens Village Pittsburgh, PA | $2,623,415 | $3,020,728 |
Girl Effect Inc New York, NY | $8,038,131 | $10,243,411 |
The Union League Legacy Foundation Philadelphia, PA | $19,017,590 | $3,492,460 |
Boy Scouts Of America Mohegan Lake, NY | $5,034,510 | $744,573 |
Boy Scouts Of America Mohegan Lake, NY | $3,955,009 | $347,240 |
New Life Properties Inc Cincinnati, OH | $15,361,322 | $2,643,252 |
Boys & Girls Club Of Paterson And Passaic Association Inc Paterson, NJ | $5,775,233 | $273,672 |
Pennsylvania Future Farmers Of America Foundation Inc East Berlin, PA | $977,335 | $444,150 |