Oneonta Boys Club Inc
- Assets
- $28.5m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 23
- Location
- Oneonta, NY
- Founding
- 03/1967
- Data as of
- 07/2023
- EIN
- 16-0921669
Organization Overview
Oneonta Boys Club Inc is located in Oneonta, NY. The organization was established in 1967. 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 07/2023, Oneonta Boys Club Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oneonta Boys 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 07/2023, Oneonta Boys Club Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $1.1m during the year ending 07/2023. While expenses have increased by 6.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE ORGANIZATION SHALL BE TO PROMOTE THE HEALTH, SOCIAL, EDUCATIONAL, VOCATIONAL AND CHARACTER DEVELOPMENT OF BOYS AND GIRLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB PROVIDES A WIDE RANGE OF RECREATIONAL ACTIVITIES AT NO COST TO AREA BOYS AND GIRLS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Escher Executive Dir. | Officer | 40 | $18,923 |
Vince Foti President | Trustee | 1 | $0 |
Heidi Buzzy Secretary | Trustee | 1 | $0 |
Cathy Lynch Director | Trustee | 1 | $0 |
Douglas Gulotty Director | Trustee | 0 | $0 |
Richard Harlem Chair Of Hr Com | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $286,879 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $286,879 |
| Total Program Service Revenue | $88,207 |
| Investment income | $657,797 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $471,221 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$4,986 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,522,672 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $452,671 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $55,469 |
| Payroll taxes | $37,370 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,815 |
| Fees for services: Accounting | $34,165 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $81,567 |
| Fees for services: Other | $23,261 |
| Advertising and promotion | $21,505 |
| Office expenses | $19,574 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $170,096 |
| Insurance | $33,115 |
| All other expenses | $45,494 |
| Total functional expenses | $1,144,179 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,255,731 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,851 |
| 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 | $14,460 |
| Net Land, buildings, and equipment | $3,275,435 |
| Investments—publicly traded securities | $23,661,816 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $293,088 |
| Total assets | $28,517,381 |
| Accounts payable and accrued expenses | $13,679 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,536,438 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $19,349 |
| Total liabilities | $1,569,466 |
| Net assets without donor restrictions | $26,654,827 |
| Net assets with donor restrictions | $293,088 |
| 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 | $28,517,381 |