Kips Bay Boys And Girls Club Inc
- Assets
- $36.2m
- Revenue
- $15.8m
- Investments
- $0.0
- Employees
- 346
- Location
- Bronx, NY
- Founding
- 11/1923
- Data as of
- 09/2023
- EIN
- 13-1623850
Organization Overview
Kips Bay Boys And Girls Club Inc is located in Bronx, NY. The organization was established in 1923. 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 09/2023, Kips Bay Boys And Girls Club Inc employed 346 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kips Bay Boys And Girls Club 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 09/2023, Kips Bay Boys And Girls Club Inc generated $15.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $14.2m during the year ending 09/2023. While expenses have increased by 5.5% 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.
Since 2015, Kips Bay Boys And Girls Club Inc has awarded 38 individual grants totaling $271,150. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE AND ENHANCE THE QUALITY OF LIFE FOR YOUNG PEOPLE BETWEEN AGES 6-18 WHO NEED US MOST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL AND CLUB SERVICES: SERVICE SITES EMPHASIZE EDUCATION PROGRAMMING INCLUDING HOMEWORK HELP, ACADEMIC TUTORING, ACADEMIC SKILL TESTING AND PROGRESS ASSESSMENT, JOURNAL AND ESSAY WRITING, PROJECT LEARNING, SAT PREP, AND PRIVATE HIGH SCHOOL ADMISSIONS PREP, COLLEGE AWARENESS AND EXPLORATION, ETC. MOST SITES INCLUDE DEDICATED COMPUTER LABS FOR COMPUTER LITERACY, LANGUAGE ARTS AND MATHEMATICS COMPUTER GAMES, VIRTUAL COLLEGE VISITS AND CAREER EXPLORATION, AND INTERNET RESEARCH ASSIGNMENTS. THE ORGANIZATION MAINTAINS A PROGRAM OF PRIVATE HIGH SCHOOL SCHOLARSHIP ASSISTANCE. CLUB SERVICES INCLUDES THE CIVIC AND LEADERSHIP ACTIVITIES THAT ARE CALLED KEYSTONE CLUB AND TORCH CLUB, AND A VERY LARGE SUMMER YOUTH EMPLOYMENT PROGRAM (SYEP) ENROLLING MORE THAN 1,000 TEENS EACH SUMMER. JUNIOR STAFF IS BOTH A REAL PART-TIME JOB AND A CAREFULLY SUPERVISED CAREER EXPLORATION EXPERIENCE FOR APPROXIMATELY 15 OLDER CLUB MEMBERS ANNUALLY.
FITNESS AND HEALTH DEPARTMENT: FITNESS AND SPORTS PROGRAMMING INCLUDE TACKLE FOOTBALL, FLAG FOOTBALL, HOCKEY, ICE SKATING, ROLLER SKATING, SWIMMING INSTRUCTION, SWIM TEAM, LIFEGUARD TRAINING, RBI BASEBALL, WINTER INSTRUCTIONAL BASEBALL, GIRLS SOFTBALL, FIELD HOCKEY, TEE BALL, AND BASKETBALL. THE PALMARO CLUBHOUSE CONTAINS THE BRONX'S ONLY ICE RINK AND THE ORGANIZATION'S SWIMMING POOL. YOUNGSTERS FROM OTHER SITES MAKE VISITS TO THE PALMARO CLUBHOUSE TO USE THE ICE RINK AND SWIMMING POOL. NUTRITION EDUCATION AND OBESIT PREVENTION IS BEING INCORPORATED INTO FITNESS PROGRAMMING IN AN ACTIVITY CALLED GET FIT-GET LIGHT.
SOCIAL RECREATION AND CULTURAL ARTS: ALL SERVICE SITES HAVE DEDICATED SPACE OR MOVABLE FACILITIES FOR GAME ROOMS WHERE PROGRAMMING CALLED SOCIAL RECREATION TAKES PLACE. SOCIAL RECREATION ACTIVITIES INCLUDE POOL, PING PONG, BUMPER POOL, CHECKERS, CHESS, ETC. PROGRAMMING IS BOTH INFORMAL, WHERE CLUB MEMBERS PARTNER UP THEMSELVES FOR SPECIFIC ACTIVITIES, AND MORE FORMAL, WHERE STAFF ORGANIZE TOURNAMENTS AND COMPETITIONS. THE ORGANIZATION MAINTAINS ARTS PROGRAMS THAT INCLUDE CRAFTS AND VISUAL ARTS, AND VIBRANT PERFORMING ARTS PROGRAMS, FEATURING DANCE INSTRUCTION IN LATIN, AFRICAN, HIP-HOP, BALLET, AND MODERN. DANCE AND DRAMA INSTRUCTION CULMINATE IN AN ANNUAL RECITAL.
OTHER PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Vice President | OfficerTrustee | 2 | $0 |
Name Not Listed Vice President | OfficerTrustee | 2 | $0 |
Name Not Listed Vice President/secretary | OfficerTrustee | 2 | $0 |
Name Not Listed Vice President | OfficerTrustee | 2 | $0 |
Name Not Listed President | OfficerTrustee | 2 | $0 |
Name Not Listed Vice President/treasurer | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Red Rabbit Food Services | 9/29/23 | $408,492 |
Ghp Media Inc Publishing | 9/29/23 | $238,760 |
Gtl Construction Construction | 9/29/23 | $275,360 |
Susan Magrino Agency Promotion | 9/29/23 | $168,251 |
Venture Technologies It Consulting | 9/29/23 | $165,447 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,424,285 |
| Related organizations | $0 |
| Government grants | $7,469,195 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,500,990 |
| Noncash contributions included in lines 1a–1f | $303,799 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,394,470 |
| Total Program Service Revenue | $449,502 |
| Investment income | $382,668 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $123,309 |
| Net Gain/Loss on Asset Sales | $472,139 |
| Net Income from Fundraising Events | $963,827 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,789,239 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $234,731 |
| 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. | $1,289,347 |
| Compensation of current officers, directors, key employees. | $758,587 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,071,995 |
| Pension plan accruals and contributions | $191,663 |
| Other employee benefits | $324,596 |
| Payroll taxes | $706,600 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $95,234 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $62,625 |
| Fees for services: Other | $678,991 |
| Advertising and promotion | $0 |
| Office expenses | $793,813 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $357,844 |
| Travel | $463,377 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $124,227 |
| Interest | $34,685 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $959,960 |
| Insurance | $305,710 |
| All other expenses | $0 |
| Total functional expenses | $14,249,141 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133,492 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,031,938 |
| Accounts receivable, net | $89,638 |
| 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 | $229,022 |
| Net Land, buildings, and equipment | $17,428,668 |
| Investments—publicly traded securities | $15,109,411 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $142,622 |
| Total assets | $36,164,791 |
| Accounts payable and accrued expenses | $1,399,552 |
| Grants payable | $0 |
| Deferred revenue | $1,107,953 |
| 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 | $685,000 |
| Unsecured mortgages and notes payable | $29,366 |
| Other liabilities | $1,094,301 |
| Total liabilities | $4,316,172 |
| Net assets without donor restrictions | $29,039,273 |
| Net assets with donor restrictions | $2,809,346 |
| 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 | $36,164,791 |
Grants Awarded
Over the last fiscal year, Kips Bay Boys And Girls Club Inc has awarded $110,200 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
STONY BROOK UNIVERSITY PURPOSE: Scholarship | $12,200 |
MT ST MICHAEL ACADEMY PURPOSE: Scholarship | $10,000 |
HOLY CROSS SCHOOL PURPOSE: Scholarship | $9,000 |
SUNY ALBANY PURPOSE: Scholarship | $8,200 |
MERCY COLLEGE PURPOSE: Scholarship | $8,000 |
MANHATTAN COLLEGE PURPOSE: Scholarship | $7,800 |