Albany Boys & Girls Club Foundation Inc

Organization Overview

Albany Boys & Girls Club Foundation Inc is located in Albany, OR. The organization was established in 1971. According to its NTEE Classification (O23) the organization is classified as: Boys & Girls Clubs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Albany Boys & Girls Club Foundation 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, Albany Boys & Girls Club Foundation Inc generated $764.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $437.0k during the year ending 12/2021. While expenses have increased by 12.2% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SUPPORT OF ALBANY BOYS & GIRLS CLUB

Describe the Organization's Program Activity:

Part 3 - Line 4a

DIRECT SUPPORT TO THE ALBANY BOYS & GIRLS CLUB WHICH PROVIDES EDUCATIONAL AND RECREATIONAL SERVICES TO YOUTH IN THE ALBANY AREA.


EDUCATION GRANTS TO SCHOLARSHIP RECIPIENTS IDENTIFIED BY THE ORGANIZATION THAT HAVE A CONITUNUED AND SUBSTANTIAL INVOLVEMENT WITH THE ALBANY BOYS AND GIRLS CLUB.


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Board, Officers & Key Employees

Name (title)Compensation
John Jenks
President
$0
Dianne Neglay
Secretary
$0
Sarah Knowles
Treasurer
$0
Rick Costain
Member
$0
Doris Johnston
Member
$0
Dick Mcclain
Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$180,812
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$180,812
Total Program Service Revenue$0
Investment income $324,723
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $258,456
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $763,991

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Albany Boys & Girls Club Foundation Inc has recieved totaling $105,573.

Awarding OrganizationAmount
Oregon Community Foundation

Portland, OR

PURPOSE: Higher Education

$105,573
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$2,359,869
Earnings$544,393
Admin Expense$18,225
Grants$89,007
Ending Balance$2,797,030

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