Boys Club Of New York Inc
- Assets
- $82.9m
- Revenue
- $8.8m
- Investments
- $21.0m
- Employees
- 189
- Location
- New York, NY
- Founding
- 08/1944
- Data as of
- 06/2022
- EIN
- 13-5591750
Organization Overview
Boys Club Of New York Inc is located in New York, NY. The organization was established in 1944. 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 06/2022, Boys Club Of New York Inc employed 189 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boys Club Of New York 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 06/2022, Boys Club Of New York Inc generated $8.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $10.4m during the year ending 06/2022. 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 EMPOWER BOYS AND YOUNG MEN BY PROVIDING EFFECTIVE PROGRAMS AND A SUPPORTIVE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLUBHOUSE ACTIVITIES- SINCE 1872, THE BOYS' CLUB OF NEW YORK (BCNY) HAS SUPPORTED THE EMPOWERMENT OF NEARLY A MILLION YOUNG MEN. BCNY FULFILLS ITS MISSION BY OFFERING ENGAGING AND DIVERSE YOUTH PROGRAMS AFTER-SCHOOL AND ON SATURDAYS. OUR LOCATIONS IN EAST HARLEM AND FLUSHING ARE FULLY EQUIPPED WITH LEARNING CENTERS, AUDIO-VISUAL STUDIOS, READING ROOMS, GAME ROOMS, OUTDOOR SPACES, WELLNESS ROOMS, MENTAL HEALTH SUPPORT AND ATHLETIC FACILITIES. IN FY22, BCNY BROUGHT JOY, CONNECTION AND CARE TO COMMUNITIES IMPACTED BY THE ONGOING EFFECTS OF THE PANDEMIC. MOST IMPORTANTLY, MEMBERS CULTIVATED A SENSE OF BELONGING, OWNERSHIP AND LEADERSHIP INSIDE AND OUTSIDE OF OUR WALLS.
CAMP- OVER THE SUMMER, THE CLUBHOUSES OFFERED SPECIAL DAYTIME PROGRAMS IN EAST HARLEM AND FLUSHING. MEMBERS ALSO TRAVELED THROUGHOUT NEW YORK CITY, DISCOVERING OPPORTUNITIES TO EXPLORE NATURE, RECREATION, ART AND CULTURE. BCNY'S HARRIMAN BASE CAMP HOSTED ITS FIRST SLEEP-AWAY CAMP POST-PANDEMIC. MEMBERS WERE ABLE TO CULTIVATE INDEPENDENCE AND CONNECTIONS TO NATURE AND THEIR PEERS IN BEAUTIFUL HARRIMAN STATE PARK.
EDUCATIONAL SERVICES- BCNY ENGAGES WITH MEMBERS TO BUILD ACADEMIC CONFIDENCE AND A LOVE OF LEARNING. OUR SPECIALIZED PROGRAMS LIKE HIGH SCHOOL ACCESS, FAMILY ACADEMY, READ, HOMEWORK ASSISTANCE, PROJECT TEACH AND CAREER AND COLLEGE PREP SUPPORT MEMBERS AND THEIR FAMILIES AS THEY PLAN FOR THEIR FUTURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Tosh Executive Director | Officer | 35 | $272,542 |
Carlos Velasquez Clubhouse Director | 35 | $173,292 | |
Sarah Danzing Simon Chief Advancement Officer | 35 | $169,220 | |
Ron Britt Abbe Clubhouse Director | 35 | $134,804 | |
Francesca Cappelluti Chief Of Staff | 35 | $118,317 | |
Antonio Aponte Clubhose Director | 35 | $107,291 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,905,233 |
| Related organizations | $0 |
| Government grants | $1,776,981 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,856,357 |
| Noncash contributions included in lines 1a–1f | $83,502 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,538,571 |
| Total Program Service Revenue | $690,686 |
| Investment income | $733,709 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $443,321 |
| Net Gain/Loss on Asset Sales | $1,339,812 |
| Net Income from Fundraising Events | $6,520 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,832,781 |
| 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. | $410,887 |
| Compensation of current officers, directors, key employees. | $229,145 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,416,999 |
| Pension plan accruals and contributions | $89,965 |
| Other employee benefits | $676,357 |
| Payroll taxes | $449,157 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,192 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $216,193 |
| Fees for services: Other | $483,645 |
| Advertising and promotion | $0 |
| Office expenses | $869,382 |
| Information technology | $97,783 |
| Royalties | $0 |
| Occupancy | $625,608 |
| Travel | $53,916 |
| 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 | $941,993 |
| Insurance | $387,128 |
| All other expenses | $0 |
| Total functional expenses | $10,437,281 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,436 |
| Savings and temporary cash investments | $6,808,744 |
| Pledges and grants receivable | $780,194 |
| Accounts receivable, net | $177,425 |
| 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 | $14,664 |
| Net Land, buildings, and equipment | $3,784,935 |
| Investments—publicly traded securities | $50,220,558 |
| Investments—other securities | $21,043,953 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $65,833 |
| Total assets | $82,937,742 |
| Accounts payable and accrued expenses | $546,399 |
| Grants payable | $0 |
| Deferred revenue | $78,341 |
| 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 | $190,246 |
| Total liabilities | $814,986 |
| Net assets without donor restrictions | $55,602,831 |
| Net assets with donor restrictions | $26,519,925 |
| 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 | $82,937,742 |
Grants Recieved
Over the last fiscal year, we have identified 30 grants that Boys Club Of New York Inc has recieved totaling $1,852,580.
| Awarding Organization | Amount |
|---|---|
Sherman Fairchild Foundation Inc Chevy Chase, MD PURPOSE: HS & COLLEGE ACCESS PROGRAMS | $1,000,000 |
Gladys & Roland Harriman Foundation New York, NY PURPOSE: GENERAL SUPPORT | $225,000 |
Gladys & Roland Harriman Foundation New York, NY PURPOSE: GENERAL SUPPORT | $100,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $95,730 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: COMMUNITY OUTREACH & ENRICHMENT PROGRAMS | $95,000 |
Ainslie Foundation Dallas, TX PURPOSE: COMMUNITY OUTREACH | $65,000 |
Endowment Analysis
| Beg. Balance | $29,595,883 |
| Earnings | -$2,395,242 |
| Other Expense | $1,817,839 |
| Ending Balance | $25,382,802 |
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 Clubs Of Hudson County Jersey City, NJ | $12,498,817 | $3,481,731 |
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 |