Boys And Girls Club Of Worcester
- Assets
- $9.9m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 108
- Location
- Worcester, MA
- Founding
- 09/1926
- Data as of
- 06/2022
- EIN
- 04-2105851
Organization Overview
Boys And Girls Club Of Worcester is located in Worcester, MA. The organization was established in 1926. According to its NTEE Classification (O23) the organization is classified as: Boys & Girls Clubs, under the broad grouping of Youth Development and related organizations. As of 06/2022, Boys And Girls Club Of Worcester employed 108 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boys And Girls Club Of Worcester 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, Boys And Girls Club Of Worcester generated $5.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $3.6m during the year ending 06/2022. While expenses have increased by 6.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
INFORMAL EDUCATION AND RECREATION FACILITIES TO YOUTH IN THE WORCESTER AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH DEVELOPMENT - PROVIDES INFORMAL EDUCATION AND RECREATIONAL FACILITIES TO MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Hamilton Executive Director | Officer | 40 | $184,333 |
Charran Fisher Clerk/secretary | OfficerTrustee | 1 | $0 |
Jennifer Jones VP Of Finance/treasurer | OfficerTrustee | 1 | $0 |
Kristine Bostek President | OfficerTrustee | 1 | $0 |
Ed Mcginn VP Of Safety | OfficerTrustee | 1 | $0 |
Kara Devaney-Brandt Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $14,655 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,070,856 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,897,552 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,983,063 |
| Total Program Service Revenue | $351,629 |
| Investment income | $1,077 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,645 |
| Net Income from Fundraising Events | $39,548 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,496,927 |
| 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. | $194,266 |
| Compensation of current officers, directors, key employees. | $24,050 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,604,066 |
| Pension plan accruals and contributions | $58,491 |
| Other employee benefits | $243,220 |
| Payroll taxes | $174,815 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,427 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $187,803 |
| Advertising and promotion | $75,962 |
| Office expenses | $5,127 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $210,236 |
| Travel | $3,748 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,730 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $280,779 |
| Insurance | $0 |
| All other expenses | $9,695 |
| Total functional expenses | $3,593,113 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,355,774 |
| Savings and temporary cash investments | $332,697 |
| Pledges and grants receivable | $380,006 |
| Accounts receivable, net | $1,127,856 |
| 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 | $25,931 |
| Net Land, buildings, and equipment | $6,712,884 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,087 |
| Total assets | $9,939,235 |
| Accounts payable and accrued expenses | $73,419 |
| Grants payable | $0 |
| Deferred revenue | $25,170 |
| 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 | $44,917 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $150,000 |
| Total liabilities | $293,506 |
| Net assets without donor restrictions | $9,215,786 |
| Net assets with donor restrictions | $429,943 |
| 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 | $9,939,235 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Boys And Girls Club Of Worcester has recieved totaling $52,719.
| Awarding Organization | Amount |
|---|---|
Tr U W Mary M Coes Char Tr Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $50,719 |
Bay State Savings Charitable Foundation Inc Worcester, MA PURPOSE: GENERAL OPERATING SUPPORT | $2,000 |
Endowment Analysis
| Beg. Balance | $115,923 |
| Earnings | -$30,000 |
| Admin Expense | $454 |
| Net Contributions | $338,820 |
| Grants | $330 |
| Ending Balance | $425,197 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Madison Square Boys & Girls Club Inc New York, NY | $113,166,450 | $16,186,377 |
Kips Bay Boys And Girls Club Inc Bronx, NY | $29,136,373 | $11,702,149 |
Boys & Girls Club Of Central New Hampshire Inc Concord, NH | $13,472,672 | $8,851,535 |
Boys And Girls Clubs Of Hartford Inc Hartford, CT | $43,657,664 | $9,963,793 |
Boys & Girls Club Of Metro Queens Inc South Richmond Hill, NY | $10,687,196 | $6,066,978 |
Boys & Girls Clubs Of The Capital Area Inc Albany, NY | $8,608,570 | $7,515,956 |
Boys Club Of Mount Kisco Inc Mount Kisco, NY | $9,832,840 | $5,014,270 |
Manchester Boys And Girls Club Manchester, NH | $20,547,456 | $4,680,452 |
Boys And Girls Clubs Of Providence Providence, RI | $5,991,132 | $4,785,276 |
Boys And Girls Clubs Of Metro South Inc Taunton, MA | $8,642,224 | $4,925,133 |
Boys & Girls Club Of Stamford Inc Stamford, CT | $14,208,923 | $3,416,145 |
Boys And Girls Club Of Worcester Worcester, MA | $9,939,235 | $5,496,927 |