The Binghamton Boys And Girls Club Foundation
- Assets
- $1.9m
- Revenue
- $156.5k
- Investments
- $1.7m
- Employees
- 0
- Location
- Binghamton, NY
- Founding
- 03/1988
- Data as of
- 12/2021
- EIN
- 16-6304094
Organization Overview
The Binghamton Boys And Girls Club Foundation is located in Binghamton, NY. The organization was established in 1988. According to its NTEE Classification (O11) the organization is classified as: Single Organization Support, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Binghamton Boys And Girls Club Foundation 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 12/2021, Binghamton Boys And Girls Club Foundation generated $156.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $102.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION WAS CREATED TO ACCEPT & ENCOURAGE GIFTS TO THE FDN FOR THE BENEFIT & SUPPORT OF BINGHAMTON BOYS & GIRLS CLUB,INC. TO RECEIVE, HOLD,& ADMINISTER SUCH GIFTS TO SERVE THE PREVIOUSLY STATED PURPOSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BINGHAMTON BOYS AND GIRLS CLUB PROVIDES THAT THE FOUNDATIONSASSETS SHALL BE USED SOLELY AND EXCLUSIVELY FOR THE BENEFITOF THE AGENCY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marybeth Smith Trustee | 5 | $0 | |
Monty Pinker Trustee | 1 | $0 | |
Paul R Hoffman Trustee | 1 | $0 | |
Douglas R Johnson Trustee | 1 | $0 | |
Nicole Huff Trustee | 1 | $0 | |
Jeffrey D Lake Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $23,852 |
| Interest on Savings | $7 |
| Dividends & Interest | $49,148 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $83,530 |
| Capital Gain Net Income | $83,530 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $156,537 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $725 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $1,000 |
| Other expenses | $20,628 |
| Total operating and administrative expenses | $25,243 |
| Contributions, gifts, grants paid | $77,488 |
| Total expenses and disbursements | $102,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61 |
| Savings and temporary cash investments | $86,616 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $91,586 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,124 |
| Total assets | $1,868,456 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that The Binghamton Boys And Girls Club Foundation has recieved totaling $32,450.
| Awarding Organization | Amount |
|---|---|
Conrad And Virginia Klee Fdn Inc Binghamton, NY PURPOSE: UNRESTRICTED OPERATING | $24,950 |
Conrad And Virginia Klee Fdn Inc Binghamton, NY PURPOSE: UNRESTRICTED OPERATING | $5,000 |
Miller S And Adelaide S Gaffney Foundation Elmira, NY PURPOSE: GENERAL | $2,500 |
Endowment Analysis
| Beg. Balance | $1,278,993 |
| Earnings | -$25,500 |
| Admin Expense | $13,374 |
| Net Contributions | $18,422 |
| Grants | $65,164 |
| Ending Balance | $1,193,377 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The American Friends Of Migdal Ohr New York, NY | $3,730,032 | $10,984,371 |
Newark Youth Development Fund Inc Newark, NJ | $8,290 | $6,651,415 |
Oak Hill Foundation Inc Hartford, CT | $142,145,010 | $15,501,969 |
Wakeman Boys And Girls Club Corporation Fairfield, CT | $0 | $0 |
Big Brothers Big Sisters Of Long Island Donation Center Inc Islandia, NY | $6,798,757 | $4,499,904 |
Homewood Childrens Village Pittsburgh, PA | $2,623,415 | $3,020,728 |
Girl Effect Inc New York, NY | $8,038,131 | $10,243,411 |
The Union League Legacy Foundation Philadelphia, PA | $19,017,590 | $3,492,460 |
Boy Scouts Of America Mohegan Lake, NY | $5,034,510 | $744,573 |
Boy Scouts Of America Mohegan Lake, NY | $3,955,009 | $347,240 |
Roca Pallin Youth Center Inc Chelsea, MA | $6,602,036 | $2,128,214 |
Boys & Girls Club Of Paterson And Passaic Association Inc Paterson, NJ | $5,775,233 | $273,672 |