Boys & Girls Club Of Greater Lowell Inc
- Assets
- $9.4m
- Revenue
- $5.6m
- Investments
- $3.7m
- Employees
- 66
- Location
- Lowell, MA
- Founding
- 09/1954
- Data as of
- 12/2021
- 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 12/2021, Boys & Girls Club Of Greater Lowell Inc employed 66 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 12/2021, Boys & Girls Club Of Greater Lowell Inc generated $5.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.6% each year . All expenses for the organization totaled $2.4m during the year ending 12/2021. While expenses have increased by 7.2% 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 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: ACADEMIC SUCCESS, HEALTHY LIFSTYLES AND GOOD CHARACTER AND CITIZENSHIP. PROGRAM AREAS INCLUDE FITNESS, ARTS, TECHNOLOGY, EDUCATION AND A DAILY MEALS PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph C Hungler Executive Di | Officer | 40 | $113,360 |
Brian Chapman Trustee Chai | OfficerTrustee | 1 | $0 |
Thomas Hammond Board Chair | OfficerTrustee | 2 | $0 |
Kristyn Mckenna Clerk | OfficerTrustee | 1 | $0 |
Paul Defronzo Treasurer | OfficerTrustee | 2 | $0 |
Justine Defronzo Immediate Pa | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $25,890 |
| Fundraising events | $338,803 |
| Related organizations | $0 |
| Government grants | $875,138 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,397,609 |
| Noncash contributions included in lines 1a–1f | $81,893 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,637,440 |
| Total Program Service Revenue | $3,800 |
| Investment income | $12,597 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $90,448 |
| Net Income from Fundraising Events | -$115,215 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,629,070 |
| 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. | $121,489 |
| Compensation of current officers, directors, key employees. | $24,298 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,210,133 |
| Pension plan accruals and contributions | $22,999 |
| Other employee benefits | $76,991 |
| Payroll taxes | $115,581 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $160 |
| Fees for services: Accounting | $12,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,136 |
| Fees for services: Other | $208,219 |
| Advertising and promotion | $800 |
| Office expenses | $28,050 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $147,472 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,708 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $97,460 |
| Insurance | $70,510 |
| All other expenses | $17,302 |
| Total functional expenses | $2,433,456 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $373,071 |
| Savings and temporary cash investments | $51,354 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,817,808 |
| 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 | $26,554 |
| Net Land, buildings, and equipment | $1,003,970 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,667,614 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $442,590 |
| Total assets | $9,382,961 |
| Accounts payable and accrued expenses | $182,604 |
| Grants payable | $0 |
| Deferred revenue | $1,665 |
| 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 | $108,277 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $292,546 |
| Net assets without donor restrictions | $1,977,874 |
| Net assets with donor restrictions | $7,112,541 |
| 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 | $9,382,961 |
Grants Recieved
Over the last fiscal year, we have identified 34 grants that Boys & Girls Club Of Greater Lowell Inc has recieved totaling $1,766,341.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $300,000 |
Amelia Peabody Foundation Wellesley, MA PURPOSE: OPERATIONS | $275,000 |
Wellington Management Foundation Boston, MA PURPOSE: See Part IV | $150,000 |
Greater Lowell Community Foundation Inc Lowell, MA PURPOSE: GENERAL SUPPORT | $133,500 |
Boys & Girls Clubs Of America Atlanta, GA PURPOSE: Support BGCA Program | $109,026 |
Amelia Peabody Charitable Fund Trs Boston, MA PURPOSE: CAPITAL | $100,000 |
Endowment Analysis
| Beg. Balance | $1,867,790 |
| Earnings | $111,198 |
| Net Contributions | $28,500 |
| Other Expense | -$6,766 |
| Ending Balance | $2,000,722 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Boys Club Of New York Inc New York, NY | $82,937,742 | $8,832,781 |
Boys And Girls Clubs Of Dorchester Inc Dorchester, MA | $16,405,048 | $11,891,142 |
Boys & Girls Club Of Greenwich Inc Greenwich, CT | $29,987,192 | $5,190,957 |
Boys & Girls Club Of Stoneham Inc Stoneham, MA | $4,481,913 | $4,528,251 |
Lawrence Boys Club & Girls Club Inc Lawrence, MA | $13,006,232 | $4,286,609 |
The Boys & Girls Clubs Of The Northtowns Of Wny Inc Buffalo, NY | $2,380,419 | $3,437,750 |
Boys & Girls Club Of Greater Lowell Inc Lowell, MA | $9,382,961 | $5,629,070 |
Arlington Boys Club Inc Arlington, MA | $4,435,902 | $2,967,384 |
Thomas Chew Memorial Boys Club Inc Fall River, MA | $8,968,327 | $2,742,727 |
Boys & Girls Club Of Ridgefield Ridgefield, CT | $10,525,413 | $2,835,035 |
Boys & Girls Club Of Harlem Inc New York, NY | $3,234,701 | $1,319,730 |
Springfield Boys & Girls Club Inc Springfield, MA | $9,227,805 | $1,883,527 |