Form 990 for tax year 2022
Filed by BOYS & GIRLS CLUBS OF PALM BEACH COUNTY FOUNDATION INC.
Totals
- Total revenue
- $19,799,469
- Total expenses
- $436,653
- Contributions and grants received
- $14,682,924
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $5,116,545
- Other revenue
- $0
- Total assets, end of year
- $46,044,770
- Total liabilities, end of year
- $72,892
- Net assets or fund balances, end of year
- $45,971,878
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $436,653
- 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.
-
1d · Related organizations
$5,365,795
-
1f · All other contributions, gifts and grants
$9,317,129
-
3 · Investment income
total $845,277 · excluded $845,277
-
7a · Gross sales of assets other than inventory
securities $40,182,174
-
7b · Less cost or other basis and sales expenses
securities $35,910,906
-
7c · Gain or loss
securities $4,271,268
-
7d · Net gain or loss
total $4,271,268 · excluded $4,271,268
Functional expenses
Part IX, the statement of functional expenses.
-
11f · Fees: investment management
total $61,340 · management and general $61,340
-
24a · Other expenses: BAD DEBT
total $287,440 · management and general $287,440
-
24b · Other expenses: CORE PROGRAM
total $87,861 · management and general $87,861
-
24c · Other expenses: BANK FEES
total $12 · management and general $12
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $11,313,525 · end of year $11,974,963
-
3 · Pledges and grants receivable
beginning of year $1,211,693 · end of year $2,546,395
-
11 · Investments: publicly traded securities
beginning of year $17,043,214 · end of year $31,273,872
-
15 · Other assets
beginning of year $174,614 · end of year $249,540
-
25 · Other liabilities
beginning of year $0 · end of year $72,892
-
27 · Net assets without donor restrictions
beginning of year $11,515,504 · end of year $17,697,911
-
28 · Net assets with donor restrictions
beginning of year $18,227,542 · end of year $28,273,967
Mission and programs · 2022
Mission
THE FOUNDATION 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 FOUNDATION 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 2022 return.
Listed in Part VII
-
Kim FonsecaKIM FONSECA
CHAIR/TREASURER
- Total calculated
- $0
- Hours/week
- 4
-
Sylvia JamesSYLVIA JAMES
SECRETARY
- Total calculated
- $0
- Hours/week
- 4
-
Christopher J GoldbergCHRISTOPHER J GOLDBERG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4
-
Jay OwenJAY OWEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4
-
Jay ShearouseJAY SHEAROUSE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4
-
Nicholas K RaffertyNICHOLAS K RAFFERTY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4
-
Robert Dunkin IIROBERT DUNKIN II
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4
-
Thomas KirchhoffTHOMAS KIRCHHOFF
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4
-
Troy MaschmeyerTROY MASCHMEYER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 4
-
Jaene A MirandaJAENE A MIRANDA
PRESIDENT & CEO
- Total calculated
- $299,351
- From this org
- $0
- From related orgs
- $299,351
- Other
- $0
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $299,351 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $299,351 related
-
Julie BassJULIE BASS
CFO
- Total calculated
- $204,514
- From this org
- $0
- From related orgs
- $204,514
- Other
- $0
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $204,514 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $204,514 related
-
Kimberly SovinskiKIMBERLY SOVINSKI
VICE PRESIDENT
- Total calculated
- $188,721
- From this org
- $0
- From related orgs
- $188,721
- Other
- $0
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $188,721 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $188,721 related
-
Timothy TracyTIMOTHY TRACY
VICE PRESIDENT
- Total calculated
- $147,659
- From this org
- $0
- From related orgs
- $147,659
- Other
- $0
- Hours/week
- 1 + 40 related
-
Steven CornetteSTEVEN CORNETTE
VICE PRESIDENT
- Total calculated
- $157,086
- From this org
- $0
- From related orgs
- $157,086
- Other
- $0
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $157,086 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $157,086 related
-
Victor RiveraVICTOR RIVERA
VICE PRESIDENT
- Total calculated
- $132,973
- From this org
- $0
- From related orgs
- $132,973
- Other
- $0
- Hours/week
- 1 + 40 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
None.
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
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.
-
BOYS & GIRLS CLUB OF PALM BEACH COUNTY
501(C)(3) · VOLUNTARY ORGANIZATION WHICH PROVIDES ACTIVITIES TO CHILDREN AND TEENS. · FL
-
BOYS & GIRLS CLUB OF PALM BEACH COUNTY LEVERAGE LENDER
501(C)(3) · PROVIDING SUPPORT AND FUNDING TO BOYS AND GIRLS CLUB OF PALM BEACH COUNTY · FL
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 19 March 2024
- IRS schema version
- 2022v5.0
- Source object
- 202410799349300441
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