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Nonprofiteer
← BOYS & GIRLS CLUBS OF THE ALBEMARLE FOUNDATION

Form 990 for tax year 2023

Filed by BOYS & GIRLS CLUBS OF THE ALBEMARLE FOUNDATION.

Totals

Total revenue
$202,776
Total expenses
$2,640
Contributions and grants received
$33,600
Grants paid
$0
Program service revenue
$0
Investment income
$169,176
Other revenue
$0
Total assets, end of year
$2,322,608
Total liabilities, end of year
$325
Net assets or fund balances, end of year
$2,322,283
Program services expenses (Part IX)
$0
Management and general expenses
$2,640
Fundraising expenses
$0
Program service expenses (Part III)
$0

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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $33,600

  • 1g · Noncash contributions included above

    $0

  • 3 · Investment income

    total $43,635 · related or exempt $0 · unrelated business $0 · excluded $43,635

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

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $580,504 · other assets $0

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

    securities $454,963 · other assets $0

  • 7c · Gain or loss

    securities $125,541 · other assets $0

  • 7d · Net gain or loss

    total $125,541 · related or exempt $0 · unrelated business $0 · excluded $125,541

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

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $1,800 · management and general $1,800

  • 23 · Insurance

    total $840 · management and general $840

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $18,860 · end of year $49,820

  • 2 · Savings and temporary cash investments

    beginning of year $125,230 · end of year $26,317

  • 11 · Investments: publicly traded securities

    beginning of year $1,864,520 · end of year $2,246,471

  • 17 · Accounts payable and accrued expenses

    beginning of year $325 · end of year $325

  • 27 · Net assets without donor restrictions

    beginning of year $861,757 · end of year $1,142,155

  • 28 · Net assets with donor restrictions

    beginning of year $1,146,528 · end of year $1,180,128

Mission and programs · 2023

Mission

To raise and preserve funds to support the Boys & Girls Clubs of the Albemarle Inc

  • To preserve funds and help support the Boys & Girls Club of the Albemarle

As filed on the 2023 return.

Listed in Part VII

  • Krystal Watson

    Chair - effective Dec 2023

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Roland Vaughan - resigned Dec 2023

    Chair

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Tom Gandee

    Treasurer - effective Dec 2023

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Matt Scriibner

    Treasurer - thru Dec 2023

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Hack High

    Secretary

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jeff Dixon

    Director

    Total calculated
    $0
    Hours/week
    1

  • William Whichard

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Wilson Greene

    Director

    Total calculated
    $0
    Hours/week
    1

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.

Provenance

Return type
form_990
Tax year
2023
Filed
21 June 2024
IRS schema version
2023v5.0
Source object
202401979349302430

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