Boys & Girls Club Of Stoneham Inc
- Assets
- $4.5m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 144
- Location
- Stoneham, MA
- Founding
- 07/1969
- Data as of
- 08/2022
- EIN
- 23-7025777
Organization Overview
Boys & Girls Club Of Stoneham Inc is located in Stoneham, MA. The organization was established in 1969. 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 08/2022, Boys & Girls Club Of Stoneham Inc employed 144 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boys & Girls Club Of Stoneham 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 08/2022, Boys & Girls Club Of Stoneham Inc generated $4.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.5% each year . All expenses for the organization totaled $3.2m during the year ending 08/2022. While expenses have increased by 18.1% 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 INSPIRE AND ENABLE ALL YOUNG PEOPLE ESPECIALLY THOSE WHO NEED US MOST TO REALIZE THEIR FULL POTENTIAL AS PRODUCTIVE, RESPONSIBLE AND CARING CITIZENS. OFFERING A VARIETY OF YOUTH DEVELOPMENT AND COMMUNITY PROGRAMS FOR OVER 40 YEARS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STONEHAM CLUB - SOCIAL, ACADEMIC, ATHLETIC, AND CULTURAL YOUTH PROGRAMS AND SERVICES.
WAKEFIELD CLUB - SOCIAL, ACADEMIC, ATHLETIC, AND CULTURAL YOUTH PROGRAMS AND SERVICES.
COMMUNITY PROGRAMS - PROVIDING SUMMER POOL AND BOATING PROGRAMMING TO THE STONEHAM AND WAKEFIELD COMMUNITIES.
TEEN PROGRAMMING - SOCIAL, ACADEMIC ATHLETIC, AND CULTURAL YOUTH PROGRAMS AND SERVICES SPECIFICALLY DESIGNED FOR AGES 13-18
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Rodgers CEO | Officer | 40 | $122,144 |
Karen Guillaume Treasurer | OfficerTrustee | 0 | $0 |
Nicole Calabrese President | OfficerTrustee | 0 | $0 |
Jeffrey Johnson Vice President | OfficerTrustee | 0 | $0 |
Sharon Iovanni Vice President | OfficerTrustee | 0 | $0 |
Paula Pustorino Secretary | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,602,069 |
| All other contributions, gifts, grants, and similar amounts not included above | $815,818 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,417,887 |
| Total Program Service Revenue | $2,081,681 |
| Investment income | $5,044 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $4,711 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,528,251 |
| 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 | $1,718,205 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $181,059 |
| Payroll taxes | $140,344 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,046 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $109,932 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,356 |
| Interest | $10,457 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,705 |
| Insurance | $53,513 |
| All other expenses | $158,743 |
| Total functional expenses | $3,221,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,362,014 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $525,872 |
| Accounts receivable, net | $695,011 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $411,830 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,003,960 |
| Investments—publicly traded securities | $483,226 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,481,913 |
| Accounts payable and accrued expenses | $197,955 |
| Grants payable | $0 |
| Deferred revenue | $403,120 |
| 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 | $217,675 |
| Unsecured mortgages and notes payable | $504,885 |
| Other liabilities | $27,724 |
| Total liabilities | $1,351,359 |
| Net assets without donor restrictions | $2,611,028 |
| Net assets with donor restrictions | $519,526 |
| 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 | $4,481,913 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Boys & Girls Club Of Stoneham Inc has recieved totaling $228,547.
| Awarding Organization | Amount |
|---|---|
Boys & Girls Clubs Of America Atlanta, GA PURPOSE: Support BGCA Program | $94,275 |
Boys & Girls Clubs Of America Atlanta, GA PURPOSE: Support BGCA Program | $43,751 |
Oneworld Boston Inc Woburn, MA PURPOSE: YOUTH EXTRACURRICULAR ACTIVITY | $38,334 |
Dcu For Kids Marlborough, MA PURPOSE: Charitable | $30,000 |
The Albertsons Companies Foundation Pleasanton, CA PURPOSE: HUNGER | $10,000 |
Good360 Alexandria, VA PURPOSE: TO ASSIST THOSE IN NEED. | $5,767 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Boys Club Of New York Inc New York, NY | $82,937,742 | $8,832,781 |
Boys And Girls Clubs Of Dorchester Inc Dorchester, MA | $16,405,048 | $11,891,142 |
Boys & Girls Club Of Greenwich Inc Greenwich, CT | $29,987,192 | $5,190,957 |
Boys & Girls Club Of Stoneham Inc Stoneham, MA | $4,481,913 | $4,528,251 |
Lawrence Boys Club & Girls Club Inc Lawrence, MA | $13,006,232 | $4,286,609 |
The Boys & Girls Clubs Of The Northtowns Of Wny Inc Buffalo, NY | $2,380,419 | $3,437,750 |
Boys & Girls Club Of Greater Lowell Inc Lowell, MA | $9,382,961 | $5,629,070 |
Arlington Boys Club Inc Arlington, MA | $4,435,902 | $2,967,384 |
Thomas Chew Memorial Boys Club Inc Fall River, MA | $8,968,327 | $2,742,727 |
Boys & Girls Club Of Ridgefield Ridgefield, CT | $10,525,413 | $2,835,035 |
Boys & Girls Club Of Harlem Inc New York, NY | $3,234,701 | $1,319,730 |
Springfield Boys & Girls Club Inc Springfield, MA | $9,227,805 | $1,883,527 |