Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $305,787

• 1b · Membership dues

  $17,725

• 1c · Fundraising events

  $265,802

• 1e · Government grants (contributions)

  $6,560,976

• 1f · All other contributions, gifts and grants

  $985,362

• 1g · Noncash contributions included above

  $369,056

• 2a · Program service revenue: EMPLOYMENT REVENUE

  total $61,332 · related or exempt $61,332

• 2b · Program service revenue: PROGRAM REVENUE

  total $41,777 · related or exempt $41,777

• 3 · Investment income

  total $42 · excluded $42

• 6a · Gross rents

  real property $14,420

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $14,420

• 6d · Net rental income or loss

  total $14,420 · excluded $14,420

• 7a · Gross sales of assets other than inventory

  other assets $4,500

• 7b · Less cost or other basis and sales expenses

  other assets $0

• 7c · Gain or loss

  other assets $4,500

• 7d · Net gain or loss

  total $4,500 · excluded $4,500

• 8a · Fundraising events: gross income

  $71,500

• 8a · Fundraising events: contributions included on line 1c

  $265,802

• 8b · Fundraising events: direct expenses

  $107,669

• 8c · Net income from fundraising events

  total -$36,169 · excluded -$36,169

• 9a · Gaming: gross income

  $9,400

• 9b · Gaming: direct expenses

  $0

• 9c · Net income from gaming

  total $9,400 · excluded $9,400

• 11a · Other revenue: REFUNDS

  total $5,746 · excluded $5,746

• 11b · Other revenue: MISCELLANEOUS

  total $1,677 · excluded $1,677

• 11e · Other revenue, total

  $7,423

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $500 · program services $500

• 5 · Compensation of officers, directors and key employees

  total $517,374 · program services $104,289 · management and general $305,978 · fundraising $107,107

• 7 · Other salaries and wages

  total $3,868,572 · program services $2,924,181 · management and general $645,460 · fundraising $298,931

• 8 · Pension plan contributions

  total $58,239 · program services $54,910 · management and general -$729 · fundraising $4,058

• 9 · Other employee benefits

  total $270,534 · program services $211,476 · management and general $32,151 · fundraising $26,907

• 10 · Payroll taxes

  total $358,067 · program services $250,233 · management and general $74,645 · fundraising $33,189

• 11a · Fees: management

  total $40,192 · management and general $40,192

• 11b · Fees: legal

  total $2,743 · management and general $2,743

• 11c · Fees: accounting

  total $34,125 · management and general $34,125

• 11g · Fees: other

  total $611,496 · program services $584,269 · management and general $23,464 · fundraising $3,763

• 12 · Advertising and promotion

  total $104,240 · management and general $104,240

• 13 · Office expenses

  total $903,845 · program services $828,068 · management and general $74,396 · fundraising $1,381

• 14 · Information technology

  total $119,640 · program services $83,610 · management and general $24,941 · fundraising $11,089

• 16 · Occupancy

  total $315,105 · program services $307,858 · management and general $7,247

• 17 · Travel

  total $372,458 · program services $312,009 · management and general $41,844 · fundraising $18,605

• 20 · Interest

  total $339 · management and general $339

• 21 · Payments to affiliates

  total $15,650 · program services $13,807 · management and general $1,276 · fundraising $567

• 22 · Depreciation, depletion and amortization

  total $261,162 · program services $255,163 · management and general $5,999

• 23 · Insurance

  total $115,473 · program services $80,698 · management and general $24,072 · fundraising $10,703

• 24a · Other expenses: PROGRAM SUPPLIES

  total $300,640 · program services $300,640

• 24b · Other expenses: YOUTH DEVELOPMENT

  total $161,856 · program services $161,856

• 24c · Other expenses: PROGRAM EXPENSES

  total $118,318 · program services $97,028 · management and general $12,429 · fundraising $8,861

• 24d · Other expenses: YOY EXPENSE

  total $3,160 · fundraising $3,160

• 24e · All other expenses

  total $2,434 · program services $2,246 · management and general $188

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $240,412 · end of year $328,875

• 2 · Savings and temporary cash investments

  beginning of year $18,458 · end of year $18,496

• 3 · Pledges and grants receivable

  beginning of year $1,037,026 · end of year $1,125,114

• 9 · Prepaid expenses and deferred charges

  beginning of year $80,657 · end of year $66,182

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

  $4,231,118

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

  $2,281,423

• 10c · Land, buildings and equipment, net

  beginning of year $1,966,129 · end of year $1,949,695

• 15 · Other assets

  beginning of year $2,968 · end of year $397,590

• 17 · Accounts payable and accrued expenses

  beginning of year $393,270 · end of year $486,244

• 21 · Escrow or custodial account liability

  end of year $2,968

• 25 · Other liabilities

  beginning of year $16,358 · end of year $214,281

• 27 · Net assets without donor restrictions

  beginning of year $2,655,033 · end of year $1,943,071

• 28 · Net assets with donor restrictions

  beginning of year $280,989 · end of year $1,239,388

The filer's explanations (Part III)

PART I, LINE 5

BGCS HAS A PAY AT-RISK PROGRAM THAT HOLDS BACK A PORTION OF THE PERSON'S PAY UNTIL MULTIPLE STRETCH PERFORMANCE CRITERIA ARE MET. NONE OF THE PAY AT RISK WILL BE EARNED BY ANY ONE PERSON UNTIL A PRE-ESTABLISHED LEVEL OF FINANCIAL PERFORMANCE IS ATTAINED, ENSURING THAT WE HAVE THE FINANCIAL RESOURCES TO MEET THE OBJECTIVES OF OUR MISSION, FIRST AND FOREMOST.