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Nonprofiteer
← MSBGC-NYC SUPPORT CORPORATION

Form 990 for tax year 2023

Filed by MSBGC-NYC SUPPORT CORPORATION.

Totals

Total revenue
-$960,406
Total expenses
$301,356
Contributions and grants received
$0
Grants paid
$125,000
Program service revenue
$0
Investment income
$188
Other revenue
-$960,594
Total assets, end of year
$38,209,369
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$38,209,369
Program services expenses (Part IX)
$125,000
Management and general expenses
$176,356
Fundraising expenses
$0
Program service expenses (Part III)
$125,000

Program services were 41.5% 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.

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $188 · excluded $188

  • 6a · Gross rents

    real property $393,000

  • 6b · Less rental expenses

    real property $1,353,594

  • 6c · Rental income or loss

    real property -$960,594 · personal property $0

  • 6d · Net rental income or loss

    total -$960,594 · excluded -$960,594

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $125,000 · program services $125,000

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: Asset Management Fees

    total $176,356 · management and general $176,356

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,336 · end of year $3,509

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

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

    $43,173,384

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

    $4,967,524

  • 10c · Land, buildings and equipment, net

    beginning of year $39,152,762 · end of year $38,205,860

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $196,922 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $37,040,889

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $2,311,131 · end of year $38,209,369

Mission and programs · 2023

Mission

TO SUPPORT MADISON SQUARE BOYS AND GIRLS CLUB, INC. PRIMARILY BY PARTICIPATING IN A NEW MARKETS TAX CREDIT (NMTC) FINANCING TRANSACTION RELATED TO THE CONSTRUCTION OF THE PINKERTON CLUBHOUSE IN HARLEM.

Activities or mission (Part I)

To support Madison Square Boys and Girls Club, Inc.

  • SUPPORT FOR MADISON SQUARE BOYS AND GIRLS CLUB, INC.

    Expenses $125,000 · Grants $125,000

As filed on the 2023 return.

Listed in Part VII

  • Barry Bregman

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.3 + 1 related

  • Don Devine

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.3 + 1 related

  • Steven Miyao

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0.3 + 1 related

  • Jeff Volling

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 1 related

  • Jeffrey Dold

    CHIEF FINANCIAL OFFICER

    Total calculated
    $284,767
    From this org
    $0
    From related orgs
    $214,592
    Other
    $70,175
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $213,474 related
    Bonus
    $0
    Other
    $0 + $1,118 related
    Deferred
    $0 + $22,375 related
    Nontaxable benefits
    $0 + $47,800 related
    Filer's total
    $0 + $284,767 related

  • Tim McChristian

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $377,028
    From this org
    $0
    From related orgs
    $310,849
    Other
    $66,179
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $302,695 related
    Bonus
    $0
    Other
    $0 + $8,154 related
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $35,679 related
    Filer's total
    $0 + $377,028 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

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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.

  • Madison Square Boys & Girls Club Inc

    501(c)(3) · AFTERSCHOOL PROGRAMS · NY

    Directly controlled by NA

  • Madison Square Boys & Girls Club Foundation Inc

    501(c)(3) · SUPPORT · NY · controlled entity

    Directly controlled by Madison Square Boys & Girls Club Inc

Provenance

Return type
form_990
Tax year
2023
Filed
14 August 2025
IRS schema version
2023v6.0
Source object
202522269349302317

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