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Nonprofiteer
← BOYS CLUB OF NASHUA INC CHARITABLE FOUNDATION

Form 990 for tax year 2023

Filed by BOYS CLUB OF NASHUA INC CHARITABLE FOUNDATION.

Totals

Total revenue
$222,174
Total expenses
$339,222
Contributions and grants received
$35,593
Grants paid
$302,464
Program service revenue
$0
Investment income
$186,581
Other revenue
$0
Total assets, end of year
$6,364,375
Total liabilities, end of year
$353,423
Net assets or fund balances, end of year
$6,010,952
Program services expenses (Part IX)
$302,464
Management and general expenses
$36,758
Fundraising expenses
$0
Program service expenses (Part III)
$302,464

Program services were 89.2% 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

    $35,593

  • 3 · Investment income

    total $150,764 · excluded $150,764

  • 7a · Gross sales of assets other than inventory

    securities $312,411

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

    securities $276,594

  • 7c · Gain or loss

    securities $35,817

  • 7d · Net gain or loss

    total $35,817 · excluded $35,817

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $302,464 · program services $302,464

  • 11c · Fees: accounting

    total $2,800 · management and general $2,800

  • 11f · Fees: investment management

    total $28,372 · management and general $28,372

  • 23 · Insurance

    total $5,586 · management and general $5,586

Balance sheet

Part X, book values.

  • 11 · Investments: publicly traded securities

    beginning of year $5,737,575 · end of year $6,211,508

  • 15 · Other assets

    beginning of year $143,794 · end of year $152,867

  • 25 · Other liabilities

    beginning of year $297,335 · end of year $353,423

  • 28 · Net assets with donor restrictions

    beginning of year $5,584,034 · end of year $6,010,952

Mission and programs · 2023

Mission

TO PROVIDE FUNDING TO THE BOYS AND GIRLS CLUB OF GREATER NASHUA IN SUPPORT OF THEIR YOUTH DEVELOPMENT PROGRAMS.

Activities or mission (Part I)

TO SUPPORT THE YOUTH DEVELOPMENT PROGRAMS AT THE BOYS AND GIRLS CLUB OF GREATER NASHUA;TO INVEST FUNDING PROVIDED TO BOYS AND GIRLS CLUB OF GREATER NASHUA IN SUPPORT OF THEIR YOUTH DEVELOPMENT PROGRAMS.

  • TO PROVIDE FUNDING TO THE BOYS AND GIRLS CLUB OF GREATER NASHUA IN SUPPORT OF THEIR YOUTH DEVELOPMENT.

    Expenses $302,464 · Grants $302,464

As filed on the 2023 return.

Listed in Part VII

  • Hannah McCarthy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • David Heath

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • John J Dagianis MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Michael Jeans

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Thanasi C Liakos

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Richard Lovering

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Salvatore P Magnano

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Dr Robert R Moheban

    TRUSTEE - OFFBOARDED 10/2023

    Total calculated
    $0
    Hours/week
    0.5

  • Thomas F Monahan

    TRUSTEE - OFFBOARDED 11/2023

    Total calculated
    $0
    Hours/week
    0.5

  • Craig Fitzgerald

    EXECUTIVE DIRECTOR

    Total calculated
    $209,832
    From this org
    $0
    From related orgs
    $166,884
    Other
    $42,948
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $166,884 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $29,148 related
    Filer's total
    $0 + $209,832 related

  • John Koutsos

    TRUSTEE/VP - OFFBOARDED 6/2024

    Total calculated
    $0
    Hours/week
    0.5

  • Mark W Begor Jr

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

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

The filer's explanations (Part III)

PART I, LINE 3:
THE RELATED ORGANIZATION, BOYS AND GIRLS CLUB OF GREATER NASHUA, COMPENSATES THE EXECUTIVE DIRECTOR AND USES THE FOLLOWING METHODS TO ESTABLISH THEIR COMPENSATION: - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

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

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
25 March 2025
IRS schema version
2023v6.0
Source object
202520909349301307

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