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Nonprofiteer
← WAKEMAN BOYS AND GIRLS CLUB CORPORATION

Form 990 for tax year 2022

Filed by WAKEMAN BOYS AND GIRLS CLUB CORPORATION.

Totals

Total revenue
$2,450,522
Total expenses
$164,508
Contributions and grants received
$2,447,785
Grants paid
$0
Program service revenue
$0
Investment income
$2,737
Other revenue
$0
Total assets, end of year
$15,115,589
Total liabilities, end of year
$12,829,575
Net assets or fund balances, end of year
$2,286,014
Program services expenses (Part IX)
$0
Management and general expenses
$164,508
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

    $2,447,785

  • 3 · Investment income

    total $2,737 · excluded $2,737

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $22,030 · management and general $22,030

  • 11g · Fees: other

    total $12,500 · management and general $12,500

  • 20 · Interest

    total $129,978 · management and general $129,978

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $4,823,478

  • 15 · Other assets

    beginning of year $0 · end of year $10,292,111

  • 17 · Accounts payable and accrued expenses

    end of year $159,575

  • 23 · Secured mortgages and notes payable

    end of year $12,670,000

  • 27 · Net assets without donor restrictions

    beginning of year $0 · end of year $2,286,014

Mission and programs · 2022

Mission

TO FACILITATE THE CONSTRUCTION OF NEW CLUBHOUSE FACILITIES UTILIZING THE NEW MARKETS TAX CREDITS.

Activities or mission (Part I)

TO FACILITATE THE CONSTRUCTION OF NEW CLUBHOUSE FACILITIES WHILE UTILIZING THE NEW MARKET TAX CREDITS.

  • THE ORGANIZATION WAS FORMED TO HELP FACILITATE THE CONSTRUCTION OF NEW CLUBHOUSES FOR THE SUPPORTED ORGANIZATION.

As filed on the 2022 return.

Listed in Part VII

  • Richard Galvin

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • David W Blagys

    CLERK

    Total calculated
    $0
    Hours/week
    5

  • John Collins

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Sabrina E Smeltz

    MEMBER

    Total calculated
    $177,623
    From this org
    $0
    From related orgs
    $155,106
    Other
    $22,517
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $155,106 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $14,423 related
    Nontaxable benefits
    $0 + $8,094 related
    Filer's total
    $0 + $177,623 related

  • Sean Sullivan

    MEMBER

    Total calculated
    $0
    Hours/week
    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 COMPANY'S BOARD OF DIRECTORS APPROVES BOARD MEMBER COMPENSATION.

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
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202323189349309567

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