Boys & Girls Club Of Nassau County Foundation Inc
- Assets
- $11.7m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Fernandina Beach, FL
- Founding
- 08/2001
- Data as of
- 06/2023
- EIN
- 59-3672345
Organization Overview
Boys & Girls Club Of Nassau County Foundation Inc is located in Fernandina Beach, FL. The organization was established in 2001. 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. Boys & Girls Club Of Nassau County 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 06/2023, Boys & Girls Club Of Nassau County Foundation Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $1.5m during the year ending 06/2023. While expenses have increased by 5.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT THE BOYS & GIRLS CLUBS' NASSAU COUNTY LOCATIONS. THE CLUBS PROVIDE YOUTH DEVELOPMENT PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SUCCESSFULLY RAISED 1,287,939 IN CONTRIBUTIONS THIS YEAR, WHICH WERE USED FOR CLUB SUPPORT AND TO FUND THE ENDOWMENT FOR FUTURE CLUB SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Armbrust Board Member | Trustee | 0.5 | $0 |
Bill Austen Board Member | Trustee | 0.5 | $0 |
Alexia Bean Board Member | Trustee | 1 | $0 |
Ron Blum President | OfficerTrustee | 2.5 | $0 |
Nancy Carpenter Board Member | Trustee | 1 | $0 |
Greg Cook Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $302,025 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $75,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,212,939 |
| Noncash contributions included in lines 1a–1f | $74,670 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,589,964 |
| Total Program Service Revenue | $0 |
| Investment income | $124,520 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$13,366 |
| Net Income from Fundraising Events | $241,644 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,942,762 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $36,031 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,072 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,165 |
| Office expenses | $44,518 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $25,346 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $157,643 |
| Insurance | $65,507 |
| All other expenses | $75,057 |
| Total functional expenses | $1,465,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,379,145 |
| Savings and temporary cash investments | $197,258 |
| Pledges and grants receivable | $413,530 |
| 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 | $3,918,463 |
| Investments—publicly traded securities | $5,749,609 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,496 |
| Total assets | $11,662,501 |
| Accounts payable and accrued expenses | $7,538 |
| 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 | $7,538 |
| Net assets without donor restrictions | $7,192,332 |
| Net assets with donor restrictions | $4,462,631 |
| 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 | $11,662,501 |