Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: RENTAL INCOME

  total $405,912 · related or exempt $405,912

• 3 · Investment income

  total $0

• 4 · Income from investment of tax-exempt bond proceeds

  total $0

• 5 · Royalties

  total $0

• 6c · Rental income or loss

  real property $0 · personal property $0

• 6d · Net rental income or loss

  total $0

• 7d · Net gain or loss

  total $0

• 8a · Fundraising events: gross income

  $0

• 8b · Fundraising events: direct expenses

  $0

• 8c · Net income from fundraising events

  total $0

• 9a · Gaming: gross income

  $0

• 9b · Gaming: direct expenses

  $0

• 9c · Net income from gaming

  total $0

• 10a · Gross sales of inventory

  $0

• 10b · Cost of goods sold

  $0

• 10c · Net income from sales of inventory

  total $0

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $337,767 · program services $337,767

• 2 · Grants to domestic individuals

  total $0

• 3 · Grants to foreign organizations and individuals

  total $0

• 4 · Benefits paid to or for members

  total $0

• 5 · Compensation of officers, directors and key employees

  total $0

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $0

• 8 · Pension plan contributions

  total $0

• 9 · Other employee benefits

  total $0

• 10 · Payroll taxes

  total $0

• 11a · Fees: management

  total $0

• 11b · Fees: legal

  total $0

• 11c · Fees: accounting

  total $0

• 11d · Fees: lobbying

  total $0

• 11e · Fees: professional fundraising services

  total $0

• 11f · Fees: investment management

  total $0

• 11g · Fees: other

  total $46,900 · program services $46,900

• 12 · Advertising and promotion

  total $0

• 13 · Office expenses

  total $0

• 14 · Information technology

  total $0

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $0

• 17 · Travel

  total $0

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $0

• 20 · Interest

  total $71,912 · program services $71,912

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $370,687 · program services $370,687

• 23 · Insurance

  total $0

• 24a · Other expenses: BUSINESS LICENSES AND DUES

  total $110 · program services $110

• 24b · Other expenses: BANK CHARGES

  total $71 · program services $71

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $431,317 · end of year $57,847

• 2 · Savings and temporary cash investments

  beginning of year $0 · end of year $0

• 3 · Pledges and grants receivable

  beginning of year $0 · end of year $0

• 4 · Accounts receivable

  beginning of year $0 · end of year $0

• 5 · Loans and receivables from officers and key people

  beginning of year -$40,893 · end of year -$45,837

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $0 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $0 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $0 · end of year $0

• 10a · Land, buildings and equipment: cost or other basis

  $9,328,157

• 10b · Land, buildings and equipment: accumulated depreciation

  $1,480,349

• 10c · Land, buildings and equipment, net

  beginning of year $8,204,427 · end of year $7,847,808

• 11 · Investments: publicly traded securities

  beginning of year $0 · end of year $0

• 12 · Investments: other securities

  beginning of year $0 · end of year $0

• 13 · Investments: program-related

  beginning of year $0 · end of year $0

• 14 · Intangible assets

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $0 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $325,970 · end of year $0

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $0 · end of year $0

• 20 · Tax-exempt bond liabilities

  beginning of year $0 · end of year $0

• 21 · Escrow or custodial account liability

  beginning of year $0 · end of year $0

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $0 · end of year $0

• 24 · Unsecured notes and loans payable

  beginning of year $9,434,459 · end of year $9,448,528

• 25 · Other liabilities

  beginning of year $0 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year -$1,165,578 · end of year -$1,588,710

• 28 · Net assets with donor restrictions

  beginning of year $0 · end of year $0

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 4B

ON JANUARY 25, 2020, THE BOYS AND GIRLS CLUB OF METRO ATLANTA, INC. (RELATED ORGANIZATION) ENTERED INTO A BOARD APPROVED RETENTION PLAN FOR THE BENEFIT OF DAVID JERNIGAN, PRESIDENT AND CEO. MR. JERNIGAN WILL VEST IN THE PLAN AFTER 3 YEARS OF SERVICE FROM MAY 15, 2021. The payment for the plan is a lump sum amount of $60,000, subject to appropriate Tax Withholding, which was paid out this tax year on the pay period nearest May 15, 2023. ON maY 25, 2023, THE BOYS AND GIRLS CLUB OF METRO ATLANTA, INC. (RELATED ORGANIZATION) ENTERED INTO A BOARD APPROVED RETENTION PLAN FOR THE BENEFIT OF DAVID JERNIGAN, PRESIDENT AND CEO. MR. JERNIGAN WILL VEST IN THE PLAN AFTER 3 YEARS OF SERVICE FROM MAY 25, 2023. THE PAYMENT FOR THE PLAN IS A LUMP SUM AMOUNT OF $60,000, SUBJECT TO APPROPRIATE TAX WITHHOLDING, TO BE PAId BOYS & GIRLS CLUBS OF METRO ATLANTA, INC OUT ON THE PAY PERIOD ON OR NEAR MAY 15, 2026. IF MR. JERNIGAN'S EMPLOYMENT TERMINATES FOR ANY REASON OTHER THAN DEATH OR DISABILITY PRIOR TO COMPLETION OF 3 YEARS OF SERVICE, HE IS NOT ENTITLED TO ANY PAYOUTS FROM THE PLAN. THE AMOUNT OF BENEFIT ACCRUED DURING THE TAX YEAR WAS $11,667.