Bgc Philly Pacesetters Inc
- Assets
- $13.4m
- Revenue
- $3.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- Data as of
- 06/2021
- EIN
- 84-4614420
Organization Overview
Bgc Philly Pacesetters Inc is located in Philadelphia, PA. According to its NTEE Classification (O19) the organization is classified as: Support N.E.C., 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. Bgc Philly Pacesetters 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 06/2021, Bgc Philly Pacesetters Inc generated $3.0k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $93.7k during the year ending 06/2021. 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
BGC PHILLY PACESETTERS, INC. WAS ORGANIZED AS A SUPPORTING ORGANIZATION TO BOYS AND GIRLS CLUBS OF PHILADELPHIA, INC. ("BGCP") TO FACILITATE THE RENOVATION OF THE RALPH J. ROBERTS BOYS & GIRLS CLUB FACILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BGC PHILLY PACESETTERS, INC. WAS ORGANIZED AS A SUPPORTING ORGANIZATION TO BOYS AND GIRLS CLUBS OF PHILADELPHIA, INC. ("BGCP") TO FACILITATE THE RENOVATION OF THE RALPH J. ROBERTS BOYS & GIRLS CLUB FACILITY (REFERRED TO AS THE "FACILITY OR THE "GERMANTOWN CLUB"). BOTH THE BOARDS OF BGCP AND BGC PHILLY PACESETTERS APPROVED RESOLUTIONS CONCERNING THE FINANCING AND RELATED TRANSACTIONS. AS A SUPPORTING ORGANIZATION TO BGCP, BGC PHILLY PACESETTERS' ACTIVITIES WILL INVOLVE FACILITATING AND HELPING TO FUND THE RENOVATION OF THE FACILITY AND LEASING THE RENOVATED FACILITY BACK TO BGCP.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Webster Director And Vice Presiden | OfficerTrustee | 2 | $0 |
David Woolf Director And Treasurer | OfficerTrustee | 2 | $0 |
Clare Mcgrory Director And Secretary | OfficerTrustee | 2 | $0 |
Bruce Mckenney Chairperson | OfficerTrustee | 2 | $0 |
Lisabeth Marziello President And CEO | Officer | 15 | $0 |
Joseph Marziello President And CEO | Officer | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $2,956 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,956 |
| 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 | $21,726 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $43,778 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,543 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,623 |
| All other expenses | $0 |
| Total functional expenses | $93,670 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,558,304 |
| Savings and temporary cash investments | $1,190,158 |
| Pledges and grants receivable | $0 |
| 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 | $10,677,280 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,425,742 |
| Accounts payable and accrued expenses | $1,004,045 |
| 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 | $9,318,255 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,209,146 |
| Total liabilities | $13,531,446 |
| Net assets without donor restrictions | -$105,704 |
| Net assets with donor restrictions | $0 |
| 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 | $13,425,742 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ulster Youthbuild Llc Kingston, NY | $187,107 | $615,959 |
Liberty Counseling Williamson, WV | $32,389 | $0 |
Sports & Scholars Inc Parma, OH | $105,011 | $0 |
Bgc Philly Pacesetters Inc Philadelphia, PA | $13,425,742 | $2,956 |
Lcl Rockstars Rochester, NY | $348,168 | $203,855 |
Evolve Inc Crownsville, MD | $67,430 | $0 |
Plant A Seed Foundation Inc Newtown, PA | $26,986 | $39,250 |
Fox Chapel Quarterback Club Pittsburgh, PA | $13,176 | $0 |
Project Readiness Mountain Lakes, NJ | $0 | $19,480 |