Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $810,849

• 1e · Government grants (contributions)

  $6,124,051

• 1f · All other contributions, gifts and grants

  $4,297,216

• 1g · Noncash contributions included above

  $534,069

• 2a · Program service revenue: PROGRAM SERVICE FEES

  total $14,609,291 · related or exempt $14,609,291

• 2b · Program service revenue: MEMBERSHIP DUES

  total $490,892 · related or exempt $490,892

• 3 · Investment income

  total $150,704 · excluded $150,704

• 6a · Gross rents

  real property $208,479

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $208,479

• 6d · Net rental income or loss

  total $208,479 · excluded $208,479

• 7a · Gross sales of assets other than inventory

  securities $2,480,231 · other assets $103,483

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

  securities $2,448,111 · other assets $86,000

• 7c · Gain or loss

  securities $32,120 · other assets $17,483

• 7d · Net gain or loss

  total $49,603 · excluded $49,603

• 8a · Fundraising events: gross income

  $298,642

• 8a · Fundraising events: contributions included on line 1c

  $810,849

• 8b · Fundraising events: direct expenses

  $341,208

• 8c · Net income from fundraising events

  total -$42,566 · excluded -$42,566

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $1,077,369 · program services $1,077,369

• 5 · Compensation of officers, directors and key employees

  total $441,810 · program services $104,318 · management and general $155,510 · fundraising $181,982

• 7 · Other salaries and wages

  total $13,196,233 · program services $11,223,973 · management and general $1,207,839 · fundraising $764,421

• 8 · Pension plan contributions

  total $211,062 · program services $138,170 · management and general $43,719 · fundraising $29,173

• 9 · Other employee benefits

  total $1,041,485 · program services $859,035 · management and general $106,190 · fundraising $76,260

• 10 · Payroll taxes

  total $1,184,323 · program services $992,382 · management and general $114,378 · fundraising $77,563

• 11b · Fees: legal

  total $87,887 · management and general $87,887

• 11c · Fees: accounting

  total $97,246 · management and general $97,246

• 11f · Fees: investment management

  total $6,048 · program services $5,750 · management and general $298

• 11g · Fees: other

  total $723,659 · program services $352,092 · management and general $307,462 · fundraising $64,105

• 12 · Advertising and promotion

  total $162,341 · program services $77,672 · management and general $10,721 · fundraising $73,948

• 13 · Office expenses

  total $3,267,722 · program services $2,480,418 · management and general $554,129 · fundraising $233,175

• 14 · Information technology

  total $171,041 · program services $11,700 · management and general $122,560 · fundraising $36,781

• 16 · Occupancy

  total $1,980,426 · program services $1,895,760 · management and general $50,800 · fundraising $33,866

• 17 · Travel

  total $228,915 · program services $203,976 · management and general $15,376 · fundraising $9,563

• 19 · Conferences, conventions and meetings

  total $222,145 · program services $187,146 · management and general $20,586 · fundraising $14,413

• 20 · Interest

  total $34 · management and general $34

• 21 · Payments to affiliates

  total $51,199 · management and general $51,199

• 22 · Depreciation, depletion and amortization

  total $952,445 · program services $938,034 · management and general $14,411

• 23 · Insurance

  total $62,641 · program services $56,282 · management and general $6,359

• 24a · Other expenses: PRGM AWARD, TRIPS, MEAL

  total $1,255,561 · program services $1,243,837 · management and general $8,648 · fundraising $3,076

• 24b · Other expenses: EQUIPMENT

  total $63,903 · program services $56,888 · management and general $7,015

• 24c · Other expenses: DUES AND SUBSCRIPTIONS

  total $61,265 · program services $12,198 · management and general $40,324 · fundraising $8,743

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $6,581,310 · end of year $1,857,202

• 2 · Savings and temporary cash investments

  beginning of year $325,633 · end of year $429,993

• 3 · Pledges and grants receivable

  beginning of year $1,528,899 · end of year $1,348,508

• 4 · Accounts receivable

  beginning of year $112,469 · end of year $271,232

• 9 · Prepaid expenses and deferred charges

  beginning of year $235,498 · end of year $205,241

• 10a · Land, buildings and equipment: cost or other basis

  $59,053,776

• 10b · Land, buildings and equipment: accumulated depreciation

  $16,738,719

• 10c · Land, buildings and equipment, net

  beginning of year $42,649,228 · end of year $42,315,057

• 11 · Investments: publicly traded securities

  beginning of year $3,115,211 · end of year $5,218,676

• 15 · Other assets

  beginning of year $7,358,446 · end of year $7,612,915

• 17 · Accounts payable and accrued expenses

  beginning of year $2,076,083 · end of year $2,119,613

• 19 · Deferred revenue

  beginning of year $2,488,022 · end of year $1,245,820

• 23 · Secured mortgages and notes payable

  beginning of year $2,348,125 · end of year $2,281,825

• 24 · Unsecured notes and loans payable

  beginning of year $2,000,000 · end of year $0

• 25 · Other liabilities

  beginning of year $128,273 · end of year $512,918

• 27 · Net assets without donor restrictions

  beginning of year $43,859,065 · end of year $44,198,523

• 28 · Net assets with donor restrictions

  beginning of year $9,007,126 · end of year $8,900,125

The filer's explanations (Part III)

PART I, LINE 4A

STEFAN WENNSTIG RECEIVED SEVERANCE OF $15,000 DURING THE YEAR.

PART I, LINE 7

BOYS & GIRLS CLUBS OF KING COUNTY BUDGETED TO PROVIDE, AT THE END OF THE YEAR, STAFF PAYMENTS CONTINGENT UPON NET EARNINGS. PAYMENT AMOUNTS WERE BUDGETED, DOCUMENTED, AND COMMUNICATED IN ADVANCE. PERFORMANCE OBJECTIVES WERE MET AND ELIGIBLE STAFF RECEIVED PRESCHEDULED PAYMENTS SCALED TO POSITION LEVEL, RESPONSIBILITY, AND SALARY.