Boys & Girls Clubs Of Medford And Somerville Inc
- Assets
- $0.0
- Revenue
- $199.4k
- Investments
- $0.0
- Employees
- 20
- Location
- Malden, MA
- Founding
- Data as of
- 11/2018
- EIN
- 23-7072768
Organization Overview
Boys & Girls Clubs Of Medford And Somerville Inc, operating under the name Boys & Girls Clubs Of Medford & Somerville, is located in Malden, MA. As of 11/2018, Boys & Girls Clubs Of Medford & Somerville employed 20 individuals. Boys & Girls Clubs Of Medford & Somerville 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 11/2018, Boys & Girls Clubs Of Medford & Somerville generated $199.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (30.9%) each year. All expenses for the organization totaled $265.5k during the year ending 11/2018. As we would expect to see with falling revenues, expenses have declined by (29.2%) per year over the past 4 years. 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
2018
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR CLUBHOUSES, LOCATED IN MEDFORD AND SOMERVILLE SERVE NEARLY 350 YOUTH EACH YEAR. WE PROVIDE A SAFE HAVEN FOR YOUNG PEOPLE DURING THE MOST DANGEROUS HOURS OF THE DAY. FOR MANY OF OUR MEMBERS, THE BOYS & GIRLS CLUB IS THE ONLY PLACE THEY CAN COUNT ON TO HELP THEM COMPLETE THEIR HOMEWORK, TO LEARN TO DEVELOP A POSITIVE SELF IMAGE, USE THE COMPUTER, DEVELOP POSITIVE SOCIAL SKILLS, AND SET PERSONAL GOALS. KIDS ENGAGE IN SAFE AND PRODUCTIVE ACTIVITIES AND GET THE ATTENTION, GUIDANCE AND ENCOURAGEMENT THEY DESERVE. THIS PROGRAM WAS TAKEN OVER BY THE MALDEN YOUNG MEN'S CHRISTIAN ASSOCIATION ON NOVEMBER 10, 2018 AS A RESULT OF THE MERGER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lindsay Smythe Executive Director | Officer | 40 | $76,015 |
Kerry Murphy President | OfficerTrustee | 4 | $0 |
Thomas O'connor Vice President | OfficerTrustee | 2 | $0 |
Brian Almendinger Vice President/clerk As Of 9/18 | OfficerTrustee | 2 | $0 |
Steve Hirt Treasurer | OfficerTrustee | 2 | $0 |
Chris Treanor Clerk (through 9/18) | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $19,301 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,353 |
| All other contributions, gifts, grants, and similar amounts not included above | $151,508 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $191,162 |
| Total Program Service Revenue | $13,288 |
| Investment income | $16 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $251 |
| Net Gain/Loss on Asset Sales | -$12,278 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $199,393 |
| 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. | $36,978 |
| Compensation of current officers, directors, key employees. | $14,791 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $114,282 |
| Pension plan accruals and contributions | $3,765 |
| Other employee benefits | $19,524 |
| Payroll taxes | $11,014 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,655 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,810 |
| Advertising and promotion | $0 |
| Office expenses | $2,760 |
| Information technology | $1,148 |
| Royalties | $0 |
| Occupancy | $10,847 |
| Travel | $266 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $977 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,649 |
| Insurance | $948 |
| All other expenses | $0 |
| Total functional expenses | $265,535 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Boys & Girls Clubs Of Medford And Somerville Inc has recieved totaling $23,000.
| Awarding Organization | Amount |
|---|---|
United Way Of Massachusetts Bay Inc Boston, MA PURPOSE: Community Impact | $23,000 |
Endowment Analysis
| Beg. Balance | $10,000 |
| Other Expense | $10,000 |
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