Big Brothers & Big Sisters Services Inc
- Assets
- $515.0k
- Revenue
- $831.8k
- Investments
- $0.0
- Employees
- 11
- Location
- Richmond, VA
- Founding
- 07/1965
- Data as of
- 12/2023
- EIN
- 54-0702502
Organization Overview
Big Brothers & Big Sisters Services Inc is located in Richmond, VA. The organization was established in 1965. 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 12/2023, Big Brothers & Big Sisters Services Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Big Brothers & Big Sisters Services 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 12/2023, Big Brothers & Big Sisters Services Inc generated $831.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $708.3k during the year ending 12/2023. 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
CREATE AND SUPPORT ONE-TO-ONE MENTORING RELATIONSHIPS THAT IGNITE THE POWER AND PROMISE OF YOUTH. BBBS IS ACCOUNTABLE FOR ENROLLED YOUTHBUILDING SOCIO-EMOTIONAL COMPETENCIES, INCREASING ACADEMIC ACHIEVEMENT, AND CREATING HEALTHY LIFESTYLES. YOUTH HAVE RISK FACTORS SUCH AS LIVING IN POVERTY, INCARCERATED PARENTS, AND SINGLE PARENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BIG BROTHERS BIG SISTERS PROVIDES YOUTH WITH CARING, CONSISTENT, AND COMPASSIONATE MENTORS. MENTORS (BIGS) AND YOUTH (LITTLES) FOCUS ON INDIVIDUAL GOALS FOR POSITIVE YOUTH DEVELOPMENT: BUILD SOCIAL SKILLS, INCREASE ACADEMIC ACHIEVEMENT, AND CREATE HEALTHY LIFESTYLES. IN 2022, OVER 800 LIVES WERE IMPACTED THROUGHOUT GREATER RICHMOND, GREATER VIRGINIA PENINSULA, HAMPTON ROADS, AND TRI-CITIES. YOUTH ARE SERVED THROUGH COMMUNITY-BASED MENTORING, SITE-BASED (SCHOOL-BASED) MENTORING. 2022 RESULTS SHOW THAT WHILE YOUTH CONTINUED TO NAVIGATE THE EFFECTS OF COVID, MENTORING SERVICES PROVED TO BE IMPACTFUL. OVER 75% OF YOUTH REPORTED STRONGER PEER RELATIONSHIPS, OVER 90% OF LITTLES STAYED ON TRACK OR IMPROVED ACADEMICALLY AND 19% OF LITTLES EXPERIENCED FEWER DEPRESSIVE SYMPTOMS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meghan Barbato President | OfficerTrustee | 2 | $0 |
Clark Dugger Secretary | OfficerTrustee | 2 | $0 |
Amy Mccracken Board Member | Trustee | 2 | $0 |
Brydon Dewitt Board Member | Trustee | 2 | $0 |
Jeff Kelley Board Member | Trustee | 2 | $0 |
Camille Ramirez-Dostert Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $87,217 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $216,733 |
| All other contributions, gifts, grants, and similar amounts not included above | $318,960 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $622,910 |
| Total Program Service Revenue | $0 |
| Investment income | $9,622 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$900 |
| Net Income from Fundraising Events | $200,028 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $831,769 |
| 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 | $405,410 |
| Pension plan accruals and contributions | $14,873 |
| Other employee benefits | $45,968 |
| Payroll taxes | $29,904 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,869 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,363 |
| Fees for services: Other | $14,251 |
| Advertising and promotion | $0 |
| Office expenses | $4,509 |
| Information technology | $17,574 |
| Royalties | $0 |
| Occupancy | $44,002 |
| Travel | $11,165 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,065 |
| Payments to affiliates | $17,019 |
| Depreciation, depletion, and amortization | $27,305 |
| Insurance | $27,946 |
| All other expenses | $9,033 |
| Total functional expenses | $708,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $194,522 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $115,832 |
| 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 | $197,343 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,335 |
| Total assets | $515,032 |
| Accounts payable and accrued expenses | $6,386 |
| 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 | $51,180 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,400 |
| Total liabilities | $64,966 |
| Net assets without donor restrictions | $324,234 |
| Net assets with donor restrictions | $125,832 |
| 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 | $515,032 |