Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 3 · Investment income

  total $162,635 · excluded $162,635

• 7a · Gross sales of assets other than inventory

  securities $1,895,808

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

  securities $1,826,222

• 7c · Gain or loss

  securities $69,586

• 7d · Net gain or loss

  total $69,586 · excluded $69,586

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $344,295 · program services $344,295

• 11c · Fees: accounting

  total $2,080 · management and general $2,080

• 11f · Fees: investment management

  total $28,473 · management and general $28,473

• 23 · Insurance

  total $6,867 · management and general $6,867

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  end of year $33,040

• 11 · Investments: publicly traded securities

  beginning of year $6,211,508 · end of year $6,619,686

• 15 · Other assets

  beginning of year $152,867 · end of year $162,141

• 25 · Other liabilities

  beginning of year $353,423 · end of year $327,501

• 27 · Net assets without donor restrictions

  beginning of year $6,010,952 · end of year $6,487,366

The filer's explanations (Part III)

Part I, Line 3

The Foundation is a supporting organization of the Boys and Girls Club of Greater Nashua; The Club is the sole beneficiary of the Foundation. The Foundation is a 501(c)(3) trust established in 1992 for the sole purpose of holding, investing, and managing endowment funds contributed to the Foundation for the benefit of the Club's general operations and scholarships. As a result, the Foundation does not itself maintain any employees, or pay any compensation, wages, or benefits. Compensation and benefits offered to the Foundation's officers as reported on this Part VII and Schedule J are paid by the supported organization, the Boys and Girls Club of Greater Nashua, and are therefore subject to the Club's compensation review and approval procedures. The Club's Executive Committee and Personnel Committee review each position's compensation with information provided by third parties.

Part I, Line 7

A portion of compensation is at-risk and variable, and payment depends on the quality of job performance.