Boys & Girls Clubs Of Palm Beach County Foundation

Organization Overview

Boys & Girls Clubs Of Palm Beach County Foundation is located in West Palm Beach, FL. The organization was established in 1998. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, 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 Clubs Of Palm Beach County Foundation 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 09/2023, Boys & Girls Clubs Of Palm Beach County Foundation generated $19.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 36.3% each year . All expenses for the organization totaled $436.7k during the year ending 09/2023. While expenses have increased by 0.4% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION IS RESPONSIBLE FOR PROVIDING FUNDING AND SUPPORT TO THE BOYS & GIRLS CLUB OF PALM BEACH COUNTY SO THE CLUB CAN PROVIDE PROGRAMS AND SERVICES TO THE CHILDREN OF PALM BEACH COUNTY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION SUPPORTS THE BOYS & GIRLS CLUBS OF PALM BEACH COUNTY WHICH PROVIDES PROGRAMS AND SERVICES TO THE CHILDREN OF PALM BEACH COUNTY.


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Board, Officers & Key Employees

Name (title)Compensation
Kim Fonseca
Chair/treasurer
$0
Sylvia James
Secretary
$0
Christopher J Goldberg
Board Member
$0
Jay Owen
Board Member
$0
Jay Shearouse
Board Member
$0
Nicholas K Rafferty
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$5,365,795
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$9,317,129
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$14,682,924
Total Program Service Revenue$0
Investment income $845,277
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $4,271,268
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $19,799,469

Grants Awarded

Over the last fiscal year, Boys & Girls Clubs Of Palm Beach County Foundation has awarded $5,829,080 in support to 2 organizations.

Grant RecipientAmount

BOYS & GIRLS CLUBS OF PALM BEACH COUNTY LEVERAGE LENDER INC

PURPOSE: TO ISSUE A $5,719,080 NOTE RECEIVABLE TO THE INVESMTENT FUND. THE INVESTMENT FUND IN TURN MADE AN INVESTMENT IN FCNMF 28, LLC WHICH HOLDS 99.99% INVESTMENT IN FCNMF.

$5,719,080

BOYS & GIRLS CLUB OF PALM BEACH COUNTY

PURPOSE: TO TRANSFER FUNDS TO THE ENDOWNMENT ACCOUNT

$110,000
View Grant Profile

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