Boys Club Of Hobbs Inc
- Assets
- $9.5m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 54
- Location
- Hobbs, NM
- Founding
- 03/1967
- Data as of
- 12/2022
- EIN
- 85-0170908
Organization Overview
Boys Club Of Hobbs Inc is located in Hobbs, NM. The organization was established in 1967. 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 Club Of Hobbs Inc employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boys Club Of Hobbs 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 Club Of Hobbs Inc generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.6%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 8 years. 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
TO PROVIDE YOUTH ACTIVITIES AND EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE PROGRAMS FOR OVER 2,500 YOUTH, AGES 6-12 INCLUDING, HEALTH AND PHYSICAL EDUCATION, CITIZENSHIP AND LEADERSHIP DEVELOPMENT, EDUCATIONAL AND PERSONAL DEVELOPMENT, SOCIAL RECREATION, CULTURAL ENRICHMENT AND OUTDOOR AND ENVIRONMENTAL EDUCATION.
TO PROVIDE PROGRAMS FOR OVER 2,500 YOUTH, AGES 6-12 INCLUDING, HEALTH AND PHYSICAL EDUCATION, CITIZENSHIP AND LEADERSHIP DEVELOPMENT, EDUCATIONAL AND PERSONAL DEVELOPMENT, SOCIAL RECREATION, CULTURAL ENRICHMENT AND OUTDOOR AND ENVIRONMENTAL EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aksana Nelson Director | Trustee | 1 | $0 |
David Davis Director | Trustee | 1 | $0 |
Gene Strickland Director | Trustee | 1 | $0 |
Jeff Mosley Director | Trustee | 1 | $0 |
Joshua James Director | Trustee | 1 | $0 |
Kenneth Fadke Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $122,359 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $303,856 |
| All other contributions, gifts, grants, and similar amounts not included above | $73,242 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $499,457 |
| Total Program Service Revenue | $820,050 |
| Investment income | $30,791 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $91,423 |
| Net Income from Gaming Activities | $43,760 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,493,218 |
| 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 | $933,557 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $82,400 |
| Payroll taxes | $78,572 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $55,512 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,077 |
| Office expenses | $11,460 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $170,999 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $327,114 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $313,694 |
| Insurance | $78,857 |
| All other expenses | $89,762 |
| Total functional expenses | $2,328,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $844,155 |
| Savings and temporary cash investments | $1,597,413 |
| Pledges and grants receivable | $38,721 |
| 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 | $34,327 |
| Net Land, buildings, and equipment | $6,950,591 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,465,207 |
| Accounts payable and accrued expenses | $128,780 |
| Grants payable | $0 |
| Deferred revenue | $28,120 |
| 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 | $7,212,678 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,369,578 |
| Net assets without donor restrictions | -$2,084,924 |
| Net assets with donor restrictions | $4,180,553 |
| 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 | $9,465,207 |