Madison Square Boys & Girls Club Inc
- Assets
- $92.7m
- Revenue
- $8.7m
- Investments
- $0.0
- Employees
- 198
- Location
- New York, NY
- Founding
- 01/1943
- Data as of
- 09/2023
- EIN
- 13-5596792
Organization Overview
Madison Square Boys & Girls Club Inc is located in New York, NY. The organization was established in 1943. 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, Madison Square Boys & Girls Club Inc employed 198 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madison Square Boys & 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, Madison Square Boys & Girls Club Inc generated $8.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.3%) each year. All expenses for the organization totaled $19.7m during the year ending 09/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SAVE AND ENHANCE THE LIVES OF NYC BOYS AND GIRLS WHO BY MEANS OF ECONOMIC AND/OR SOCIAL FACTORS ARE MOST IN NEED OF ITS SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMIC SUCCESS PROGRAMS: ENSURE THAT OUR MEMBERS HAVE THE SUPPORT THEY NEED TO SUCCEED THROUGHOUT THEIR ACADEMIC LIFE AND GRADUATE FROM HIGH SCHOOL READY TO PURSUE COLLEGE OR A CAREER. MADISON PROVIDES HOMEWORK HELP AND ACADEMIC ENRICHMENT, MENTORS YOUNG PEOPLE WHO ARE AT RISK FOR DROPPING OUT OF SCHOOL, OFFERS RESOURCESSO MEMBERS CAN BUILD THEIR COMPUTER AND TECHNOLOGY SKILLS, AND GUIDES MEMBERS TO EXPLORE POTENTIAL CAREERS AND NAVIGATE THE COLLEGE APPLICATION PROCESS. MADISON ALSO OFFERS A 7-WEEK SUMMER LEARNING PROGRAM FOR ELEMENTARY AND MIDDLE-SCHOOL YOUTH. IN 2023, 136 ELEMENTARY AND 109 MIDDLE SCHOOL STUDENTS PARTICIPATED IN PROGRAMMING 3 OR MORE TIMES PER WEEK. 188 ELEMENTARY AND 101 MIDDLE SCHOOL STUDENTS PARTICIPATED IN THE SUMMER LEARNING PROGRAM, 549 TEENS AND YOUNG ADULTS WERE PLACED IN WORK-BASED LEARNING EXPERIENCES OR INTERNSHIPS OVER THE SUMMER, 73 ALUMNI PARTICIPATED IN THE COLLEGE SUCCESS INITIATIVE.
HEALTHY LIFESTYLES PROGRAMS: ENCOURAGE OUR MEMBERS TO ADOPT A HEALTHY DIET, PRACTICE POSITIVE LIFESTYLE CHOICES, MAKE A LIFELONG COMMITMENT TO FITNESS, AND SUPPORT THEIR MENTAL HEALTH. MEMBERS PARTICIPATE IN DAILY FITNESS CHALLENGES, AND ENJOY A WIDE RANGE OF INTRAMURAL SPORTS ACTIVITIES IN THE CLUB GYMS, POOLS AND DANCE FACILITIES. THE CLUBS PROVIDE HEALTHY FOOD TO OUR MEMBERS ON A DAILY BASIS, HELP YOUNG PEOPLE MAKE NUTRITION AND WELLNESS HABITS A DAILY PRACTICE, AND EMPOWER YOUTH TO AVOID TOBACCO, ALCOHOL AND DRUGS. IN ADDITION, MADISON OFFERS ONE-ON-ONE MENTORING AND LISTENING CIRCLES FOR TEENS TO HELP MEMBERS PROCESS THE CHALLENGES IN THEIR LIVES, INCLUDING THE TRAUMA FROM THE COVID-19 PANDEMIC. IN 2023, 1,898 MEMBERS PARTICIPATED IN OUR HEALTHY LIFESTYLES PROGRAMS.
GOOD CHARACTER AND CITIZENSHIP PROGRAMS: OFFER OUR MEMBERS OPPORTUNITIES TO DEVELOP LEADERSHIP CAPABILITIES, BUILD SOCIAL-EMOTIONAL SKILLS AND MAKE A DIFFERENCE IN THEIR COMMUNITY. MEMBERS ORGANIZE SERVICE PROJECTS, PARTICIPATE IN GENDER-SPECIFIC INITIATIVES THAT FOCUS ON VALUES DEVELOPMENT, AND DO ADVOCACY WORK IN THEIR LOCAL NEIGHBORHOODS. TEENS CAN PARTAKE IN THE YOUTH OF THE YEAR PROGRAM, THE PREMIER NATIONAL RECOGNITION PROGRAM FOR BOYS AND GIRLS CLUBS OF AMERICA MEMBERS, WHICH HONORS YOUNG PEOPLE WHO HAVE DISTINGUISHED THEMSELVES ACADEMICALLY AND SOCIALLY THROUGH THEIR POSITIVE ACTIONS. IN 2023, 254 MEMBERS PARTICIPATED IN SMART GIRLS AND PASSPORT TO MANHOOD PROGRAMS, 140 MEMBERS PARTICIPATED IN LISTENING CIRCLES, 193 POSITIVE ACTION SESSIONS WERE OFFERED, AND 18 MEMBERS PARTICIPATED IN THE YOUTH OF THE YEAR PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board Chairman | OfficerTrustee | 2 | $0 |
Name Not Listed Co-President | OfficerTrustee | 2 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 2 | $0 |
Name Not Listed Co-President | OfficerTrustee | 2 | $0 |
Name Not Listed Secretary | OfficerTrustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Paul Weiss Rifkind Wharton & Garrison Llp Legal | 9/29/23 | $3,962,716 |
Teneo Capital Llc Consulting | 9/29/23 | $821,280 |
Pillsbury Winthrop Shaw Pittman Llp Legal | 9/29/23 | $1,115,714 |
Pachulski Stang Ziehl And Jones Llp Legal | 9/29/23 | $400,663 |
Friedman Kaplan Seiler & Adelman Llp Legal | 9/29/23 | $405,713 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $284,705 |
| Related organizations | $5,505,000 |
| Government grants | $1,634,945 |
| All other contributions, gifts, grants, and similar amounts not included above | $835,530 |
| Noncash contributions included in lines 1a–1f | $249,621 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,260,180 |
| Total Program Service Revenue | $225 |
| Investment income | $921,183 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$783,229 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,711,959 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,000 |
| Grants and other assistance to domestic individuals. | $23,354 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $989,435 |
| Compensation of current officers, directors, key employees. | $476,106 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,298,489 |
| Pension plan accruals and contributions | $12,780 |
| Other employee benefits | $675,664 |
| Payroll taxes | $335,765 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,390,050 |
| Fees for services: Accounting | $148,080 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $287,704 |
| Fees for services: Other | $116,060 |
| Advertising and promotion | $0 |
| Office expenses | $639,958 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $910,323 |
| Travel | $44,153 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $57,697 |
| Interest | $1,271,716 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,899,943 |
| Insurance | $515,033 |
| All other expenses | $0 |
| Total functional expenses | $19,666,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,293 |
| Savings and temporary cash investments | $3,485,448 |
| Pledges and grants receivable | $5,295,534 |
| Accounts receivable, net | $762,947 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $25,548,800 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $470,066 |
| Net Land, buildings, and equipment | $8,147,333 |
| Investments—publicly traded securities | $44,577,044 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,403,227 |
| Total assets | $92,745,692 |
| Accounts payable and accrued expenses | $3,304,437 |
| Grants payable | $0 |
| Deferred revenue | $1,197,535 |
| 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 | $10,430,325 |
| Unsecured mortgages and notes payable | $5,400,000 |
| Other liabilities | $14,525,633 |
| Total liabilities | $34,857,930 |
| Net assets without donor restrictions | $3,704,419 |
| Net assets with donor restrictions | $54,183,343 |
| 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 | $92,745,692 |