Boys & Girls Club Of Monmouth County
- Assets
- $4.0m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 84
- Location
- Asbury Park, NJ
- Founding
- 06/1951
- Data as of
- 12/2022
- EIN
- 21-0694373
Organization Overview
Boys & Girls Club Of Monmouth County is located in Asbury Park, NJ. The organization was established in 1951. 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 12/2022, Boys & Girls Club Of Monmouth County employed 84 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boys & Girls Club Of Monmouth County 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 12/2022, Boys & Girls Club Of Monmouth County generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $2.6m during the year ending 12/2022. While expenses have increased by 10.9% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE BEHAVIOR GUIDANCE AND TO PROMOTE THE HEALTH, SOCIAL, EDUCATIONAL, VOCATIONAL AND CHARACTER DEVELOPMENT FOR BOYS AND GIRLS IN THE MONMOUTH COUNTY AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFTER SCHOOL AND SUMMER RECREATIONAL ACTIVITIES, YEAR ROUND POOL AND GYM FACILITIES FOR BOYS AND GIRLS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Eagles Exec Directo | Officer | 40 | $164,325 |
Marion Candrea Treasurer | OfficerTrustee | 2 | $0 |
Bruce Fromer Vice Preside | OfficerTrustee | 2 | $0 |
Janice Fuller Secretary | OfficerTrustee | 2 | $0 |
Michelle Gladden Director | Trustee | 2 | $0 |
Christopher Harrison Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,990 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $461,466 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,647,319 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,111,775 |
| Total Program Service Revenue | $235,812 |
| Investment income | $1,770 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $349,579 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,698,936 |
| 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. | $164,326 |
| Compensation of current officers, directors, key employees. | $49,298 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,405,496 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $93,155 |
| Payroll taxes | $121,158 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $63,097 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $24,356 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,243 |
| Interest | $250 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $53,254 |
| All other expenses | $147,406 |
| Total functional expenses | $2,630,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,852,005 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $90,983 |
| Accounts receivable, net | $81,975 |
| 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 | $77,865 |
| Net Land, buildings, and equipment | $877,540 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,980,368 |
| Accounts payable and accrued expenses | $82,181 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $229,317 |
| Total liabilities | $311,498 |
| Net assets without donor restrictions | $1,792,103 |
| Net assets with donor restrictions | $1,876,767 |
| 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 | $3,980,368 |