Boys And Girls Clubs Of Newark Inc
- Assets
- $10.8m
- Revenue
- $9.2m
- Investments
- $0.0
- Employees
- 88
- Location
- Newark, NJ
- Founding
- 02/1952
- Data as of
- 12/2021
- EIN
- 22-1515405
Organization Overview
Boys And Girls Clubs Of Newark Inc is located in Newark, NJ. The organization was established in 1952. 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 12/2021, Boys And Girls Clubs Of Newark Inc employed 88 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boys And Girls Clubs Of Newark 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 12/2021, Boys And Girls Clubs Of Newark Inc generated $9.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.2% each year . All expenses for the organization totaled $2.9m during the year ending 12/2021. While expenses have increased by 1.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF BOYS & GIRLS CLUB OF NEWARK IS TO ENABLE ALL NEWARK'S YOUTH, ESPECIALLY THOSE WHO NEED US MOST, TO BECOME CARING, PRODUCTIVE, AND RESPONSIBLE CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRUDENTIAL, GENERAL OPERATING SUPPORT FOR AFTERSCHOOL AND SUMMER PROGRAMS. OUTREACH TO AT-RISK YOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ameer Washington Chief Executive Officer | Officer | 35 | $130,000 |
Catherine Plymel Chief Operating Officer | Officer | 35 | $90,000 |
Sharad Madison Board Chair | OfficerTrustee | 1 | $0 |
Thomas Valen Vice President | OfficerTrustee | 1 | $0 |
Dean Thompson Treasurer | OfficerTrustee | 1 | $0 |
Samer Boraie Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,280 |
| Fundraising events | $386,614 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,553,202 |
| Noncash contributions included in lines 1a–1f | $57,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,942,096 |
| Total Program Service Revenue | $1,356,497 |
| Investment income | $33,695 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,878,985 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,212,770 |
| 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. | $220,000 |
| Compensation of current officers, directors, key employees. | $31,096 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,022,231 |
| Pension plan accruals and contributions | $85,986 |
| Other employee benefits | $119,020 |
| Payroll taxes | $125,217 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $49,790 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $181,519 |
| Advertising and promotion | $0 |
| Office expenses | $144,216 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $244,599 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $160,507 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $258,846 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,852,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,503,526 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $548,321 |
| Accounts receivable, net | $0 |
| 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 | $1,000 |
| Net Land, buildings, and equipment | $8,755,245 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,808,092 |
| Accounts payable and accrued expenses | $327,067 |
| 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 | $247,982 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $575,049 |
| Net assets without donor restrictions | $10,255,899 |
| Net assets with donor restrictions | -$22,856 |
| 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 | $10,808,092 |
Grants Recieved
Over the last fiscal year, we have identified 24 grants that Boys And Girls Clubs Of Newark Inc has recieved totaling $997,732.
| Awarding Organization | Amount |
|---|---|
Prudential Foundation Inc Newark, NJ PURPOSE: FOUNDATIONS OF TRANSFORMATION, YEAR 3 OF 7 | $200,000 |
Victoria Foundation Inc Newark, NJ PURPOSE: RENEWAL: GENERAL OPERATING SUPPORT | $180,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $93,000 |
Victoria Foundation Inc Newark, NJ PURPOSE: TO SUPPORT GENERAL OPERATING PURPOSES | $90,000 |
Boys & Girls Clubs Of America Atlanta, GA PURPOSE: Support BGCA Program | $89,301 |
Boys & Girls Clubs Of America Atlanta, GA PURPOSE: Support BGCA Program | $81,591 |
Endowment Analysis
| Beg. Balance | $76,749 |
| Ending Balance | $76,749 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Madison Square Boys & Girls Club Inc New York, NY | $113,166,450 | $16,186,377 |
Kips Bay Boys And Girls Club Inc Bronx, NY | $29,136,373 | $11,702,149 |
Boys & Girls Clubs Of Mercer County Inc Trenton, NJ | $9,102,756 | $9,543,737 |
Boys & Girls Clubs Of Philadelphia Inc Philadelphia, PA | $21,674,311 | $7,878,388 |
Big Brothers Big Sisters Independence Region Philadelphia, PA | $5,352,907 | $5,369,568 |
Boys & Girls Club Of Metro Queens Inc South Richmond Hill, NY | $10,687,196 | $6,066,978 |
Boys & Girls Clubs Of Western Pa Pittsburgh, PA | $11,350,205 | $5,847,953 |
Boys & Girls Clubs Of The Capital Area Inc Albany, NY | $8,608,570 | $7,515,956 |
Boys Club Of Mount Kisco Inc Mount Kisco, NY | $9,832,840 | $5,014,270 |
Boys And Girls Club Of Paterson And Passaic Inc Paterson, NJ | $16,650,050 | $7,369,946 |
Boys & Girls Club Of Clifton Inc Clifton, NJ | $9,519,265 | $6,557,146 |
Boys & Girls Clubs Of Buffalo Inc Buffalo, NY | $4,708,264 | $3,733,726 |