Big Brothers Big Sisters Of Summit Medina And Stark Counties Inc
- Assets
- $403.5k
- Revenue
- $360.6k
- Investments
- $0.0
- Employees
- 5
- Location
- Akron, OH
- Founding
- 08/1972
- Data as of
- 12/2021
- EIN
- 34-1104356
Organization Overview
Big Brothers Big Sisters Of Summit Medina And Stark Counties Inc is located in Akron, OH. The organization was established in 1972. 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 12/2021, Big Brothers Big Sisters Of Summit Medina And Stark Counties Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Big Brothers Big Sisters Of Summit Medina And Stark Counties 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, Big Brothers Big Sisters Of Summit Medina And Stark Counties Inc generated $360.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $305.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CHILDREN WITH STRONG AND ENDURING RELATIONSHIPS THAT CHANGE THEIR LIVES FOREVER.
Describe the Organization's Program Activity:
SITE BASED PROGRAMS DURING THE SCHOOL YEAR SITE BASED SPECIALISTS COORDINATE AND SUPERVISE THE SITE-BASED PROGRAM, A SCHOOL BASED INITIATIVE THAT PAIRS HIGH SCHOOL VOLUNTEERS WITH ELEMENTARY SCHOOL CHILDREN DURING AFTER SCHOOL HOURS. HOMEWORK ASSISTANCE, GAMES, SNACKS AND IMPORTANT SOCIAL TIMES TO MEET WITH THEIR MENTOR IS SUPERVISED THROUGHOUT SUMMIT, MEDINA AND STARK COUNTIES. APPROXIMATELY 23 STUDENTS WERE SERVED AT 2 SCHOOLS THROUGHOUT 2021.
COMMUNITY MATCHES YOUTH WITH A VOLUNTEER A LEAST 18 YEARS OF AGE WHO ARE WILLING TO BE A POSITIVE INFLUENCE IN THE LIFE OF A CHILD. THESE VOLUNTEERS SPEND THE AMOUNT OF TIME REQUIRED TO FORM AND MAINTAIN A MENTORING RELATIONSHIP WITH CHILDREN 6-18. THE VOLUNTEERS ACT AS ROLE MODELS, MENTORS AND FRIENDS TO CHILDREN WITH THE GOAL OF INCREASING THEIR SELF CONFIDENCE AS WELL AS BEING A SUPPORT SYSTEM FOR THEM. THE AGENCY HAD APPROXIMATELY 91 KIDS MATCHED WITH VOLUNTEERS AT DEC 31, 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyle Putinski Executive Di | Officer | 40 | $67,600 |
Thomas Dolezal Treasurer | OfficerTrustee | 2 | $0 |
Lori Mcgrady President | OfficerTrustee | 2 | $0 |
Jay Nagel Vice Preside | OfficerTrustee | 2 | $0 |
Jackie Welch Secretary | OfficerTrustee | 2 | $0 |
Raquel Armstrong Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $19,941 |
| Related organizations | $0 |
| Government grants | $71,489 |
| All other contributions, gifts, grants, and similar amounts not included above | $204,613 |
| Noncash contributions included in lines 1a–1f | $19,002 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $296,043 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$9,190 |
| Net Income from Gaming Activities | $73,730 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $360,583 |
| 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. | $67,600 |
| Compensation of current officers, directors, key employees. | $17,576 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $121,197 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,383 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,583 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,403 |
| Advertising and promotion | $3,535 |
| Office expenses | $0 |
| Information technology | $4,825 |
| Royalties | $0 |
| Occupancy | $9,712 |
| Travel | $470 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $308 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,909 |
| Insurance | $8,911 |
| All other expenses | -$3,179 |
| Total functional expenses | $305,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,192 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $76,429 |
| 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 | $602 |
| Net Land, buildings, and equipment | $33,597 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $249,668 |
| Total assets | $403,488 |
| Accounts payable and accrued expenses | $34,059 |
| Grants payable | $0 |
| Deferred revenue | $5,000 |
| 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 | $32,344 |
| Total liabilities | $71,403 |
| Net assets without donor restrictions | $82,417 |
| Net assets with donor restrictions | $249,668 |
| 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 | $403,488 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Big Brothers Big Sisters Of Summit Medina And Stark Counties Inc has recieved totaling $48,627.
| Awarding Organization | Amount |
|---|---|
Akron Community Foundation Akron, OH PURPOSE: FOR GENERAL PROGRAM SUPPORT | $26,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $16,627 |
Mary S & David C Corbin Foundation Akron, OH PURPOSE: SUMMIT COUNTY BIG/LITTLE MATCH PROGRAMS | $5,000 |
R C Musson & Katharine M Musson Charitable Foundation Akron, OH PURPOSE: OPERATING EXPENSES | $1,000 |
Endowment Analysis
| Beg. Balance | $224,698 |
| Earnings | $24,970 |
| Ending Balance | $249,668 |