Boys & Girls Club Of Greater Lowell Inc
- Assets
- $10.2m
- Revenue
- $3.8m
- Investments
- $16.3k
- Employees
- 72
- Location
- Lowell, MA
- Founding
- 09/1954
- Data as of
- 12/2022
- EIN
- 04-2104396
Organization Overview
Boys & Girls Club Of Greater Lowell Inc is located in Lowell, MA. The organization was established in 1954. 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 12/2022, Boys & Girls Club Of Greater Lowell Inc employed 72 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boys & Girls Club Of Greater Lowell 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 12/2022, Boys & Girls Club Of Greater Lowell Inc generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $2.8m during the year ending 12/2022. While expenses have increased by 8.3% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE AND ENABLE YOUNG PEOPLE, ESPECIALLY THOSE WHO NEED US MOST, TO REALIZE THEIR FULL POTENTIAL AS PRODUCTIVE, RESPONSIBLE AND CARING CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFTER SCHOOL AND FULL-TIME SUMMER PROGRAMS WHOSE PRIMARY FOCUS IS TO HELP ACHIEVE SUCCESS IN THE FOLLOWING IMPACT AREAS: HEALTHY LIFESTYLES, ACADEMIC SUCCESS, AND GOOD CHARACTER AND CITIZENSHIP. PROGRAM AREAS INCLUDE FITNESS, ARTS, TECHNOLOGY, EDUCATION AND A DAILY MEALS PROGRAM. THE ORGANIZATION PROMOTES SUCCESS IN THE IMPACT AREAS THROUGH THE FOLLOWING: HEALTHY LIFESTYLES - NUTRITIOUS MEALS PROGRAM, SPORTS & FITNESS, PREVENTION SERVICES, WELLNESS, AND MENTORING. ACADEMIC SUCCESS - EDUCATIONAL ENRICHMENT, STEAM, ROBOTICS, ARTS AND MUSIC, CAREER AND COLLEGE READINESS. GOOD CHARACTER AND CITIZENSHIP - MENTORING, YOUTH COUNCIL, LEADERSHIP GROUPS, AND COMMUNITY SERVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph C Hungler Executive Di | Officer | 40 | $115,735 |
Geroge Behrakis Director | Trustee | 1 | $0 |
Emily Byrne Director | Trustee | 1 | $0 |
Brian Chapman Trustee Chai | OfficerTrustee | 1 | $0 |
Sokhom Chun Director | Trustee | 1 | $0 |
J Matthew Coggins Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $27,218 |
| Fundraising events | $341,764 |
| Related organizations | $0 |
| Government grants | $492,255 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,968,100 |
| Noncash contributions included in lines 1a–1f | $103,703 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,829,337 |
| Total Program Service Revenue | $318 |
| Investment income | $38,030 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $316 |
| Net Income from Fundraising Events | -$90,436 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,777,565 |
| 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. | $123,256 |
| Compensation of current officers, directors, key employees. | $12,326 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,513,970 |
| Pension plan accruals and contributions | $2,130 |
| Other employee benefits | $98,855 |
| Payroll taxes | $141,235 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,654 |
| Fees for services: Other | $146,439 |
| Advertising and promotion | $1,708 |
| Office expenses | $29,543 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $170,561 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,285 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $96,805 |
| Insurance | $82,069 |
| All other expenses | $19,172 |
| Total functional expenses | $2,831,759 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $591,570 |
| Savings and temporary cash investments | $51,405 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,375,063 |
| 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 | $19,612 |
| Net Land, buildings, and equipment | $915,589 |
| Investments—publicly traded securities | $4,049,338 |
| Investments—other securities | $16,253 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,172,945 |
| Total assets | $10,191,775 |
| Accounts payable and accrued expenses | $455,782 |
| 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 | $101,934 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $557,716 |
| Net assets without donor restrictions | $3,715,376 |
| Net assets with donor restrictions | $5,918,683 |
| 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 | $10,191,775 |