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Nonprofiteer
← BOYS AND GIRLS CLUBS OF PALM BEACH COUNTY LEVERAGE LENDER INC

Form 990 for tax year 2023

Filed by BOYS AND GIRLS CLUBS OF PALM BEACH COUNTY LEVERAGE LENDER INC.

Totals

Total revenue
$57,190
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$57,190
Other revenue
$0
Total assets, end of year
$6,029,022
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$6,029,022
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $57,190 · excluded $57,190

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $209,858 · end of year $267,048

  • 7 · Other notes and loans receivable

    beginning of year $5,719,080 · end of year $5,761,974

  • 15 · Other assets

    beginning of year $42,894 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $5,971,832 · end of year $6,029,022

Mission and programs · 2023

Mission

THE LEVERAGE LENDER 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.

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

As filed on the 2023 return.

Listed in Part VII

  • Sylvia James

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jay Shearouse

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Thomas Kirchhoff

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jaene A Miranda

    PRESIDENT & CEO

    Total calculated
    $372,325
    From this org
    $0
    From related orgs
    $364,895
    Other
    $7,430
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $323,601 related
    Bonus
    $0 + $41,294 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $7,430 related
    Filer's total
    $0 + $372,325 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE PRESIDENT & CEO'S SALARY IS ESTABLISHED BY THE BOYS AND GIRLS CLUB OF P.B.C USING COMPENSATION SURVEYS/STUDIES AND IS APPROVED BY THE CLUB'S EXECUTIVE COMMITTEE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
2 April 2025
IRS schema version
2023v6.0
Source object
202500929349301765

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