Big Brothers Big Sisters Of The Greater Twin Cities
- Assets
- $20.1m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 76
- Location
- Minneapolis, MN
- Founding
- 11/2002
- Data as of
- 09/2023
- EIN
- 32-0017737
Organization Overview
Big Brothers Big Sisters Of The Greater Twin Cities is located in Minneapolis, MN. The organization was established in 2002. According to its NTEE Classification (O31) the organization is classified as: Big Brothers & Big Sisters, under the broad grouping of Youth Development and related organizations. As of 09/2023, Big Brothers Big Sisters Of The Greater Twin Cities employed 76 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Big Brothers Big Sisters Of The Greater Twin Cities 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 09/2023, Big Brothers Big Sisters Of The Greater Twin Cities generated $7.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $5.3m during the year ending 09/2023. 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 CREATE AND SUPPORT MENTORING RELATIONSHIPS THAT IGNITE THE POWER AND PROMISE OF YOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EACH YEAR, BBBS TWIN CITIES PARTNERS WITH MORE THAN 2,200 YOUTH AND THEIR FAMILIES THROUGH MENTORSHIP PROGRAMS, INCLUDING COMMUNITY-BASED MENTORING, SCHOOL-BASED MENTORING, OUR BIG FUTURES PROGRAM WHICH OFFERS CAREER AND FUTURE READINESS FOR TEENS, AND FREE ARTS. PROGRAMMING IS SUPPORTED BY PROFESSIONAL STAFF AND MORE THAN 1,400 VOLUNTEERS. A RECENT REPORT BY THE SEARCH INSTITUTE AFFIRMS THAT DECADES OF RESEARCH SUPPORT THE POSITIVE IMPACT OF MENTORSHIP ON MEASURES OF LONG-TERM WELL-BEING FOR YOUTH.OUR LATEST DATA SHOW THAT YOUTH REPORT STRONG RESULTS IN KEY DEVELOPMENTAL AREAS THAT LEAD TO LONG-TERM SUCCESS INCLUDING EDUCATIONAL PERSISTENCE, MAKING HEALTHY CHOICES, AND DEVELOPING SOCIAL EMOTIONAL SKILLS NECESSARY FOR PERSONAL SUCCESS. FOR SURVEYED YOUTH MENTORED AT LEAST ONE YEAR:-90% REPORTED MAINTAINING AND STRENGTHENING EDUCATIONAL EXPECTATIONS INCLUDING HIGH SCHOOL COMPLETION AND GOING TO COLLEGE.-88% REPORTED MAINTAINING AND STRENGTHENING GRADES AND ACADEMIC PERFORMANCE.-87% REPORTED MAINTAINING AND STRENGTHENING SOCIAL COMPETENANCE AND EMOTIONAL REGULATION SKILLS.-83% REPORTED MAINTAINING AND STRENGTHENING SCHOOL CONNECTEDNESS, SUCH AS FEELING GOOD AT SCHOOL, ENJOYING BEING IN SCHOOL AND WORKING HARD.-93% REPORTED HAVING A SPECIAL ADULT IN THEIR LIVES WHO ENCOURAGES AND CARES ABOUT THEM.RESEARCH DEMONSTRATES THAT HIGH SCHOOL GRADUATION IS A STRONG PREDICTOR OF INCREASED INCOME AND WELL-BEING OVER A LIFETIME. IN 2023, 86% OF BBBS-MENTORED SENIORS GRADUATED ON TIME. RESEARCH HAS ALSO DEMONSTRATED THAT LONGER MATCHES ARE MORE IMPACTFUL AND PROVIDE MORE LONG-TERM BENEFITS. ON AVERAGE, BBBS COMMUNITY-BASED MATCHES LAST MORE THAN FOUR YEARS, 40% HIGHER THAN THE NATIONAL AVERAGE ACROSS ALL BBBSA AGENCIES. MANY MATCHES LAST, LITERALLY, FOR A LIFETIME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jamie Hofberger Board Chair | OfficerTrustee | 1 | $0 |
Steve Hentges Board Vice Chair | OfficerTrustee | 1 | $0 |
Emily Carlson Treasurer | OfficerTrustee | 1 | $0 |
Marci Fabrega Secretary | OfficerTrustee | 1 | $0 |
Tanya Hall Chair, Development | OfficerTrustee | 1 | $0 |
James Williams Chair, Programs | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $14,973 |
| Membership dues | $0 |
| Fundraising events | $354,672 |
| Related organizations | $0 |
| Government grants | $390,843 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,474,953 |
| Noncash contributions included in lines 1a–1f | $131,497 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,235,441 |
| Total Program Service Revenue | $0 |
| Investment income | $303,491 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $35,428 |
| Net Income from Fundraising Events | $106,845 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,683,345 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $51,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $347,447 |
| Compensation of current officers, directors, key employees. | $183,843 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,769,413 |
| Pension plan accruals and contributions | $39,544 |
| Other employee benefits | $269,908 |
| Payroll taxes | $219,420 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,412 |
| Fees for services: Accounting | $41,888 |
| Fees for services: Lobbying | $40,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $205,501 |
| Advertising and promotion | $29,850 |
| Office expenses | $513,456 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $92,231 |
| Travel | $29,892 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,965 |
| Interest | $19,220 |
| Payments to affiliates | $53,222 |
| Depreciation, depletion, and amortization | $295,998 |
| Insurance | $144,442 |
| All other expenses | $0 |
| Total functional expenses | $5,338,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300 |
| Savings and temporary cash investments | $1,004,444 |
| Pledges and grants receivable | $1,593,196 |
| 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 | $78,540 |
| Net Land, buildings, and equipment | $3,670,427 |
| Investments—publicly traded securities | $13,749,288 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,257 |
| Total assets | $20,115,452 |
| Accounts payable and accrued expenses | $316,653 |
| 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 | $21,574 |
| Other liabilities | $3,512 |
| Total liabilities | $341,739 |
| Net assets without donor restrictions | $17,900,539 |
| Net assets with donor restrictions | $1,873,174 |
| 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 | $20,115,452 |