Boys & Girls Clubs Of Greater Memphis
- Assets
- $23.2m
- Revenue
- $5.6m
- Investments
- $1.6m
- Employees
- 166
- Location
- Memphis, TN
- Founding
- 01/1964
- Data as of
- 12/2021
- EIN
- 62-0646371
Organization Overview
Boys & Girls Clubs Of Greater Memphis is located in Memphis, TN. The organization was established in 1964. 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 12/2021, Boys & Girls Clubs Of Greater Memphis employed 166 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boys & Girls Clubs Of Greater Memphis 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, Boys & Girls Clubs Of Greater Memphis generated $5.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $4.7m during the year ending 12/2021. While expenses have increased by 2.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION OPERATES A COMPREHENSIVE ACTIVITY PROGRAM FOR BOYS AND GIRLS IN MEMPHIS, TN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINING FACILITIES AND ADMINISTERING VARIOUS PROGRAMS FOR THE BENEFIT OF LOCAL BOYS AND GIRLS' CLUB MEMBERS. THE NUMBER OF BOYS AND GIRLS SERVED IN 2021 WAS APPROXIMATELY 5000.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Blanchard CEO | Officer | 40 | $172,748 |
Gary Moore CFO | Officer | 40 | $77,160 |
Michael E Keeney Chair | OfficerTrustee | 1 | $0 |
Michael D Garriga Secretary | OfficerTrustee | 1 | $0 |
Tammy Locascio Treasurer | OfficerTrustee | 1 | $0 |
Ben Adams Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rl Campbell Contracting Co Oakhaven Renovations | 12/30/15 | $382,287 |
B Four Plied Inc Oakhaven Renovations | 12/30/15 | $125,658 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $316,399 |
| Membership dues | $16,132 |
| Fundraising events | $428,925 |
| Related organizations | $0 |
| Government grants | $1,649,997 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,515,601 |
| Noncash contributions included in lines 1a–1f | $89,462 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,927,054 |
| Total Program Service Revenue | $0 |
| Investment income | $438,901 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $259,736 |
| Net Income from Fundraising Events | -$47,914 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,577,777 |
| 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. | $249,908 |
| Compensation of current officers, directors, key employees. | $48,454 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,186,484 |
| Pension plan accruals and contributions | $368,433 |
| Other employee benefits | $0 |
| Payroll taxes | $180,223 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $83,509 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $13,548 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $42,329 |
| Travel | $1,114 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $131,433 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $415,230 |
| Insurance | $168,110 |
| All other expenses | $136,218 |
| Total functional expenses | $4,737,976 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,167,165 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $163,960 |
| Accounts receivable, net | $2,344 |
| 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 | $34,957 |
| Net Land, buildings, and equipment | $5,234,899 |
| Investments—publicly traded securities | $12,729,722 |
| Investments—other securities | $1,599,463 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $255,820 |
| Total assets | $23,188,330 |
| Accounts payable and accrued expenses | $351,250 |
| 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 | $3,733,245 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,084,495 |
| Net assets without donor restrictions | $14,851,104 |
| Net assets with donor restrictions | $4,252,731 |
| 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 | $23,188,330 |
Grants Recieved
Over the last fiscal year, we have identified 20 grants that Boys & Girls Clubs Of Greater Memphis has recieved totaling $1,956,965.
| Awarding Organization | Amount |
|---|---|
Boys & Girls Clubs In Tennessee Knoxville, TN PURPOSE: BGCTN PROGRAMS | $900,129 |
United Way Of The Mid-South Memphis, TN PURPOSE: SEE SCH O | $270,957 |
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $197,964 |
Boys & Girls Clubs Of America Atlanta, GA PURPOSE: Support BGCA Program | $177,444 |
Crawford Howard Private Foundation Palm Beach, FL PURPOSE: CHARITABLE EXEMPT PURPOSE | $85,000 |
Childrens Foundation Of Memphis Memphis, TN PURPOSE: EDUCATION | $60,000 |
Endowment Analysis
| Beg. Balance | $4,043,664 |
| Earnings | $476,769 |
| Ending Balance | $4,520,433 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Boys & Girls Clubs Of Metro Atlanta Inc Chamblee, GA | $73,032,085 | $27,276,380 |
Boys Hope Girls Hope Bridgeton, MO | $45,305,566 | $13,311,510 |
Boys & Girls Clubs Of The Tennessee Valley Knoxville, TN | $24,003,738 | $10,838,534 |
Boys Club Of Greater Kansas City Kansas City, MO | $19,659,774 | $10,387,938 |
Boys & Girls Clubs Of The Coastal Plain Inc Winterville, NC | $10,354,346 | $5,791,585 |
Boys And Girls Club Of North Alabama Huntsville, AL | $8,005,907 | $10,583,177 |
Boys & Girls Clubs Of Central Virginia Charlottesville, VA | $49,458,365 | $8,884,416 |
Boys And Girls Club Of Middle Tennessee Inc Nashville, TN | $9,232,834 | $6,035,809 |
Boys & Girls Clubs Of Greater Memphis Memphis, TN | $23,188,330 | $5,577,777 |
Boys & Girls Clubs Of The Ocoee Region Cleveland, TN | $6,498,422 | $6,515,502 |
Boys & Girls Clubs Of The Virginia Newport News, VA | $11,255,460 | $5,106,595 |
Boys & Girls Clubs Of Metro Richmond Richmond, VA | $11,211,987 | $3,342,378 |