Boys & Girls Club Of Franklin- Simpson Inc
- Assets
- $3.5m
- Revenue
- $2.4m
- Investments
- $10.0k
- Employees
- 42
- Location
- Franklin, KY
- Founding
- 11/2002
- Data as of
- 12/2022
- EIN
- 61-1423661
Organization Overview
Boys & Girls Club Of Franklin- Simpson Inc is located in Franklin, KY. The organization was established in 2002. According to its NTEE Classification (O23) the organization is classified as: Boys & Girls Clubs, under the broad grouping of Youth Development and related organizations. As of 12/2022, Boys & Girls Club Of Franklin- Simpson Inc employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boys & Girls Club Of Franklin- Simpson 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 12/2022, Boys & Girls Club Of Franklin- Simpson Inc generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 24.1% each year . All expenses for the organization totaled $802.2k during the year ending 12/2022. While expenses have increased by 3.5% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CLUB SERVES CHILDREN AGES 6-18 EACH DAY AFTER SCHOOL AND DAILY DURING THE SUMMER. IN 2022 287 CHILDREN WERE SERVED AT THE TWO SITES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB STAFF STRIVES TO PROVIDE A WORLD-CLASS EXPERIENCE THAT ASSURES SUCCESS IS WITHIN REACH OF EVERY YOUNG PERSON WHO WALKS THROUGH THE DOORS, WITH ALL MEMBERS ON TRACK TO GRADUATE HIGH SCHOOL WITH A PLAN FOR THE FUTURE, DEMONSTRATING GOOD CHARACTER AND CITIZENSHIP, AND LIVING A HEALTHY LIFESTYLE. THE LEVEL OF IMPACT THE CLUB HAS ON YOUNG PEOPLE DEPENDS ON HOW OFTEN AND HOW LONG MEMBERS PARTICIPATE AS WELL AS HOW WELL THE CLUB IMPLEMENTS THESE FIVE KEY ELEMENTS IDENTIFIED FOR POSITIVE YOUTH DEVELOPMENT: A SAFE POSITIVE ENVIRONMENT; FUN ACTIVITIES; SUPPORTIVE RELATIONSHIPS; OPPORTUNITIES AND EXPECTATIONS; AND RECOGNITION OF ACHIEVEMENTS. WITH THESE ELEMENTS IN PLACE THE CLUB IS ABLE TO HAVE REGULAR ATTENDANCE AND OFFER MULTIPLE TARGETED PROGRAMS SUCH AS TUTORING, COMPUTER SKILLS, WORKFORCE READY PROGRAMS, AND AGE-APPROPRIATE PROGRAMS ON DRUG/ALCHOHOL USE PREVENTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Valeria Strafe President | OfficerTrustee | 1 | $0 |
Jay Atkerson President Emeritus | OfficerTrustee | 1 | $0 |
Donna Dixon Secretary | OfficerTrustee | 1 | $0 |
Lydia Latham Treasurer | OfficerTrustee | 5 | $0 |
Pat Patton Board Member | Trustee | 0.5 | $0 |
Sarah Halcomb Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $12,063 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $164,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,214,431 |
| Noncash contributions included in lines 1a–1f | $9,522 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,390,494 |
| Total Program Service Revenue | $0 |
| Investment income | $4,361 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $36 |
| Net Income from Fundraising Events | $1,120 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,396,011 |
| 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 | $421,261 |
| Pension plan accruals and contributions | $4,776 |
| Other employee benefits | $49,411 |
| Payroll taxes | $33,061 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,009 |
| Office expenses | $12,024 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $62,417 |
| Travel | $5,005 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,564 |
| Interest | $9,482 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $87,331 |
| Insurance | $28,353 |
| All other expenses | $0 |
| Total functional expenses | $802,160 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,736 |
| Savings and temporary cash investments | $337,422 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$425 |
| 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 | $8,162 |
| Net Land, buildings, and equipment | $3,014,718 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $10,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $53,071 |
| Total assets | $3,487,684 |
| Accounts payable and accrued expenses | $51,946 |
| 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 | $10,877 |
| Total liabilities | $62,823 |
| Net assets without donor restrictions | $3,090,029 |
| Net assets with donor restrictions | $334,832 |
| 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 | $3,487,684 |