Form 990 for tax year 2024
Filed by BOYS & GIRLS CLUBS FOUNDATION OF INDIAN RIVER COUNTY INC.
Totals
- Total revenue
- $920,643
- Total expenses
- $47,893
- Contributions and grants received
- $300,000
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $620,643
- Other revenue
- $0
- Total assets, end of year
- $7,732,867
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $7,732,867
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $47,893
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
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.
-
1f · All other contributions, gifts and grants
$300,000
-
3 · Investment income
total $194,086 · excluded $194,086
-
7a · Gross sales of assets other than inventory
securities $4,416,243
-
7b · Less cost or other basis and sales expenses
securities $3,989,686
-
7c · Gain or loss
securities $426,557
-
7d · Net gain or loss
total $426,557 · excluded $426,557
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $2,500 · management and general $2,500
-
11f · Fees: investment management
total $42,368 · management and general $42,368
-
12 · Advertising and promotion
total $2,550 · management and general $2,550
-
24a · Other expenses: LICENSES AND FEES
total $362 · management and general $362
-
24b · Other expenses: FOREIGN TAXES
total $113 · management and general $113
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $852,158 · end of year $423,212
-
2 · Savings and temporary cash investments
beginning of year $201,975 · end of year $228,595
-
11 · Investments: publicly traded securities
beginning of year $5,050,671 · end of year $7,086,472
-
15 · Other assets
beginning of year -$13,506 · end of year -$5,412
-
27 · Net assets without donor restrictions
beginning of year $6,091,298 · end of year $7,732,867
Mission and programs · 2024
Mission
TO SOLICIT CONTRIBUTIONS AND MANAGE INVESTMENT FUNDS TO THE BENEFIT OF THE BOYS & GIRLS CLUBS OF INDIAN RIVER COUNTY, INC.
-
THE FOUNDATION IS ORGANIZED AND OPERATED, SOLELY AND EXCLUSIVELY, TO SUPPORT AND BENEFIT THE BOYS & GIRLS CLUB OF INDIAN RIVER COUNTY, INC. BY RAISING AND MANAGING FUNDS TO CREATE EARNINGS TO FUND DIRECT AND INDIRECT COSTS AND TO PROVIDE SUCH SERVICES AS DIRECTED BY THE BOARD OF DIRECTORS OF THE BOYS & GIRLS CLUBS OF INDIAN RIVER COUNTY, INC.
As filed on the 2024 return.
Listed in Part VII
-
Sherman HotchkissSHERMAN HOTCHKISS
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
William MunnWILLIAM MUNN
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Roger LynchROGER LYNCH
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Edwin MellettEDWIN MELLETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mary Grimm McClellanMARY GRIMM MCCLELLAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robert BauchmanROBERT BAUCHMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth ThomasonELIZABETH THOMASON
CHIEF EXECUTIVE OFFICER
- Total calculated
- $134,129
- From this org
- $0
- From related orgs
- $119,530
- Other
- $14,599
- Hours/week
- 1 + 39 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.
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.
-
BOYS & GIRLS CLUB OF INDIAN RIVER COUNTY INC
501(C)(3) · YOUTH DEVELOPMENT PROGRAMS · FL
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 21 April 2026
- IRS schema version
- 2024v5.5
- Source object
- 202621139349300407
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