Boys & Girls Clubs Of Lower Bergen County Inc
- Assets
- $3.9m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 199
- Location
- Lodi, NJ
- Founding
- 03/1965
- Data as of
- 12/2023
- EIN
- 22-1632037
Organization Overview
Boys & Girls Clubs Of Lower Bergen County Inc is located in Lodi, NJ. The organization was established in 1965. 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 12/2023, Boys & Girls Clubs Of Lower Bergen County Inc employed 199 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boys & Girls Clubs Of Lower Bergen County 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 12/2023, Boys & Girls Clubs Of Lower Bergen County Inc generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $4.7m during the year ending 12/2023. While expenses have increased by 12.5% per year over the past 6 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
TO ENABLE ALL YOUNG PEOPLE, ESPECIALLY THOSE WHO NEED US MOST, TO REACH THEIR FULL POTENTIAL AS PRODUCTIVE, CARING, RESPONSIBLE CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
21ST CENTURY PROGRAM EDUCATIONAL, RECREATIONAL, SOCIAL-EMOTIONAL, MENTORING, CIVIC AND ENRICHMENT PROGRAMS AND ACTIVITIES FOR CHILDREN AND TEENS
ALL OTHER PROGRAMS EDUCATIONAL, RECREATIONAL, SOCIAL-EMOTIONAL, MENTORING, CIVIC AND ENRICHMENT PROGRAMS AND ACTIVITIES FOR CHILDREN AND TEENS
HACKENSACK PROGRAM EDUCATIONAL, RECREATIONAL, SOCIAL-EMOTIONAL, MENTORING, CIVIC AND ENRICHMENT PROGRAMS AND ACTIVITIES FOR CHILDREN AND TEENS
LODI PROGRAM EDUCATIONAL, RECREATIONAL, SOCIAL-EMOTIONAL, MENTORING, CIVIC AND ENRICHMENT PROGRAMS AND ACTIVITIES FOR CHILDREN AND TEENS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph J Licata Chief Executive Officer | 40 | $140,215 | |
Mike Williams President | Officer | 1 | $0 |
Stephen Loiacono 1st Vice President | Officer | 1 | $0 |
Michael Tancorra 2nd Vice President | Officer | 1 | $0 |
Mark Bordick Treasurer | Officer | 1 | $0 |
Ann Marie Saccaro Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $18,620 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,090,838 |
| All other contributions, gifts, grants, and similar amounts not included above | $274,500 |
| Noncash contributions included in lines 1a–1f | $16,645 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,383,958 |
| Total Program Service Revenue | $1,562,568 |
| Investment income | $3,574 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $536,210 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $73,074 |
| Net Income from Gaming Activities | $1,038,121 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,631,369 |
| 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 | $140,215 |
| Other salaries and wages | $2,138,698 |
| Pension plan accruals and contributions | $26,371 |
| Other employee benefits | $101,147 |
| Payroll taxes | $216,545 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $62,689 |
| Fees for services: Accounting | $12,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $166,257 |
| Advertising and promotion | $45,664 |
| Office expenses | $0 |
| Information technology | $16,277 |
| Royalties | $0 |
| Occupancy | $147,603 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,007 |
| Interest | $112,439 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $378,229 |
| Insurance | $153,206 |
| All other expenses | $203,035 |
| Total functional expenses | $4,677,432 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500,139 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,366 |
| 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 | $0 |
| Net Land, buildings, and equipment | $3,298,248 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $103,615 |
| Total assets | $3,921,368 |
| Accounts payable and accrued expenses | $94,427 |
| 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 | $2,062,022 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $53,811 |
| Total liabilities | $2,210,260 |
| Net assets without donor restrictions | $1,698,108 |
| Net assets with donor restrictions | $13,000 |
| 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 | $3,921,368 |