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Nonprofiteer
← BOYS CLUB OF WAKE COUNTY FOUNDATION

Form 990 for tax year 2023

Filed by BOYS CLUB OF WAKE COUNTY FOUNDATION.

Totals

Total revenue
$565,707
Total expenses
$41,795
Contributions and grants received
$456,516
Grants paid
$0
Program service revenue
$0
Investment income
$109,191
Other revenue
$0
Total assets, end of year
$6,524,583
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$6,524,583
Program services expenses (Part IX)
$41,795
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$41,795

Program services were 100.0% 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.

  • 1f · All other contributions, gifts and grants

    $456,516

  • 3 · Investment income

    total $150,603 · excluded $150,603

  • 7a · Gross sales of assets other than inventory

    securities $1,701,040

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

    securities $1,742,452

  • 7c · Gain or loss

    securities -$41,412

  • 7d · Net gain or loss

    total -$41,412 · excluded -$41,412

Functional expenses

Part IX, the statement of functional expenses.

  • 11f · Fees: investment management

    total $41,795 · program services $41,795

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $424,612 · end of year $643,046

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $244,538

  • 3 · Pledges and grants receivable

    beginning of year $2,819 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $4,387,582 · end of year $5,239,469

  • 12 · Investments: other securities

    beginning of year $694,525 · end of year $397,530

  • 17 · Accounts payable and accrued expenses

    beginning of year $200,544 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $512,915 · end of year $1,271,988

  • 28 · Net assets with donor restrictions

    beginning of year $4,796,079 · end of year $5,252,595

Mission and programs · 2023

Mission

THE PURPOSE OF THE BCWC FOUNDATION SHALL BE TO HOLD THE ENDOWMENT OF THE BOYS CLUB OF WAKE COUNTY, INC. THE MISSION OF THE BOYS CLUB OF WAKE COUNTY, INC. IS TO ASSIST YOUTH OF ALL BACKGROUNDS, WITH SPECIAL CONCERN FOR THOSE FROM DISADVANTAGED CIRCUMSTANCES, TO DEVELOP THE QUALITIES TO BE RESPONSIBLE CITIZENS AND LEADERS.

Activities or mission (Part I)

TO ASSIST YOUTH OF ALL BACKGROUNDS, WITH SPECIAL CONCERN FOR THOSE FROM DISADVANTAGED CIRCUMSTANCES, TO DEVELOP THE QUALITIES TO BE RESPONSIBLE CITIZENS AND LEADERS.

  • THE BOYS CLUB OF WAKE COUNTY, INC. WORKING WITH CHILDREN INDIVIDUALLY, IN SMALL GROUPS, AND IN LARGE GROUP ACTIVITIES, PROVIDED A CORE PROGRAM OF 1) CHARACTER AND LEADERSHIP DEVELOPMENT, 2) EDUCATION AND CAREER DEVELOPMENT, 3) HEALTH AND LIFE SKILLS, 4) THE ARTS AND 5) SPORTS, FITNESS AND RECREATION TO 3,267 SCHOOL AGED CHILDREN IN WAKE COUNTY, NORTH CAROLINA.

    Expenses $41,795

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • PRENTISS BAKER III

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    0.25

  • JAMES T STONE SR

    CHAIR

    Total calculated
    $0
    Hours/week
    0.25

  • KATHARINE BELLOIR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • NICK COX

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • BO DEMPSTER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • MARK LEE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • STEVE LAWLER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • RALPH MOORE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • C HAMILTON SLOAN JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.25

  • RALPH E CAPPS

    EXECUTIVE DIRECTOR

    Total calculated
    $196,763
    From this org
    $0
    From related orgs
    $174,121
    Other
    $22,642
    Hours/week
    0.25 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $174,121 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $14,890 related
    Nontaxable benefits
    $0 + $8,637 related
    Filer's total
    $0 + $197,648 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.

Provenance

Return type
form_990
Tax year
2023
Filed
6 November 2024
IRS schema version
2023v5.1
Source object
202403119349302085

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