Boys & Girls Clubs Of The Valley Foundation
- Assets
- $20.4m
- Revenue
- $1.7m
- Investments
- $905.3k
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 07/1992
- Data as of
- 06/2023
- EIN
- 94-2876537
Organization Overview
Boys & Girls Clubs Of The Valley Foundation is located in Phoenix, AZ. The organization was established in 1992. According to its NTEE Classification (O23) the organization is classified as: Boys & Girls Clubs, 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 The Valley 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 06/2023, Boys & Girls Clubs Of The Valley Foundation generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.7% each year . All expenses for the organization totaled $1.1m during the year ending 06/2023. While expenses have increased by 10.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE OPERATIONAL SUPPORT FOR THE BOYS AND GIRLS CLUBS OF THE VALLEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT FOR BOYS & GIRLS CLUBS OF THE VALLEY (EIN 86-0550646) USED FOR OPERATIONS AND CAPITAL EXPENDITURES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcia Mintz Trustee/ceo | OfficerTrustee | 10 | $482,645 |
Robert Burgess Trustee | Trustee | 2 | $0 |
Donna Tannatt Trustee | Trustee | 2 | $0 |
Peter Guild Trustee | Trustee | 2 | $0 |
James Bosserman Secretary/treasurer | OfficerTrustee | 2 | $0 |
Glenn Pahnke Chair | OfficerTrustee | 10 | $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 | $1,133,832 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,133,832 |
| Total Program Service Revenue | $0 |
| Investment income | $544,644 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $54,726 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,733,202 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $715,312 |
| 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 | $198,974 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,757 |
| Payroll taxes | $12,975 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,595 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $41,838 |
| Fees for services: Other | $66,255 |
| Advertising and promotion | $0 |
| Office expenses | $1,551 |
| Information technology | $2,981 |
| Royalties | $0 |
| Occupancy | $3,717 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,196 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $23,594 |
| All other expenses | $0 |
| Total functional expenses | $1,136,817 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $103,043 |
| Pledges and grants receivable | $379,167 |
| 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 | $3,167 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $18,819,629 |
| Investments—other securities | $905,260 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $159,298 |
| Total assets | $20,369,564 |
| Accounts payable and accrued expenses | $519,415 |
| Grants payable | $1,614,097 |
| 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 | $0 |
| Total liabilities | $2,133,512 |
| Net assets without donor restrictions | $12,437,701 |
| Net assets with donor restrictions | $5,798,351 |
| 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 | $20,369,564 |
Grants Awarded
Over the last fiscal year, Boys & Girls Clubs Of The Valley Foundation has awarded $409,782 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUBS OF METROPOLITAN PHOENIX PURPOSE: OPERATIONS | $118,122 |
BOYS & GIRLS CLUBS OF THE VALLEY PURPOSE: OPERATIONS | $291,660 |