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Nonprofiteer
← BOYS AND GIRLS CLUBS OF SARASOTA AND DESOTO COUNTIES FOUNDATION INC

Form 990 for tax year 2022

Filed by BOYS AND GIRLS CLUBS OF SARASOTA AND DESOTO COUNTIES FOUNDATION INC.

Totals

Total revenue
$1,252,220
Total expenses
$493,440
Contributions and grants received
$929,698
Grants paid
$358,773
Program service revenue
$0
Investment income
$218,145
Other revenue
$104,377
Total assets, end of year
$9,113,055
Total liabilities, end of year
$77,429
Net assets or fund balances, end of year
$9,035,626
Program services expenses (Part IX)
$358,773
Management and general expenses
$62,234
Fundraising expenses
$72,433
Program service expenses (Part III)
$358,773

Program services were 72.7% 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.

  • 1c · Fundraising events

    $184,050

  • 1f · All other contributions, gifts and grants

    $745,648

  • 1g · Noncash contributions included above

    $72,074

  • 3 · Investment income

    total $188,411 · excluded $188,411

  • 7a · Gross sales of assets other than inventory

    securities $293,948

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

    securities $264,214

  • 7c · Gain or loss

    securities $29,734

  • 7d · Net gain or loss

    total $29,734 · excluded $29,734

  • 8a · Fundraising events: gross income

    $210,720

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

    $184,050

  • 8b · Fundraising events: direct expenses

    $106,343

  • 8c · Net income from fundraising events

    total $104,377 · excluded $104,377

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $358,773 · program services $358,773

  • 11c · Fees: accounting

    total $4,550 · management and general $4,550

  • 11f · Fees: investment management

    total $32,102 · management and general $32,102

  • 13 · Office expenses

    total $1,750 · management and general $1,391 · fundraising $359

  • 23 · Insurance

    total $6,876 · management and general $6,876

  • 24a · Other expenses: AUCTION ITEMS

    total $72,074 · fundraising $72,074

  • 24b · Other expenses: BAD DEBTS

    total $16,877 · management and general $16,877

  • 24c · Other expenses: BANK CHARGES

    total $438 · management and general $438

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $28,952 · end of year $50,519

  • 3 · Pledges and grants receivable

    beginning of year $36,878 · end of year $592,502

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,877 · end of year $6,736

  • 11 · Investments: publicly traded securities

    beginning of year $7,521,572 · end of year $8,452,627

  • 15 · Other assets

    beginning of year $13,349 · end of year $10,671

  • 25 · Other liabilities

    beginning of year $0 · end of year $77,429

  • 27 · Net assets without donor restrictions

    beginning of year $6,027,943 · end of year $7,076,236

  • 28 · Net assets with donor restrictions

    beginning of year $1,579,685 · end of year $1,959,390

Mission and programs · 2022

Mission

TO PROMOTE FUTURE AND SUSTAINED FINANCIAL SUPPORT TO THE BOYS & GIRLS CLUBS OF SARASOTA AND DESOTO COUNTIES, INC.

Activities or mission (Part I)

TO PROVIDE FUTURE AND SUSTAINED FINANCIAL SUPPORT TO THE BOYS & GIRLS CLUBS OF SARASOTA AND DESOTO COUNTIES, INC.

  • GRANT SUPPORT TO THE BOYS & GIRLS CLUBS OF SARASOTA AND DESOTO COUNTIES, INC.

    Expenses $358,773 · Grants $358,773

As filed on the 2022 return.

Listed in Part VII

  • Steve Townsend

    CHAIR ELECT

    Total calculated
    $0
    Hours/week
    5

  • Alex Armstrong

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Rob Weiss

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Robert Scheb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Neil McCurry

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Christine Davis

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Brian Palmer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chad Gates

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Barbara Lancer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jon Lee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Mike Scharf

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brian Skarbek

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Amy Hunt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • William Sadlo

    CEO

    Total calculated
    $248,551
    From this org
    $0
    From related orgs
    $208,917
    Other
    $39,634
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $208,917 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $15,669 related
    Nontaxable benefits
    $0 + $23,965 related
    Filer's total
    $0 + $248,551 related

  • Shelley Brooks

    VICE PRESIDENT OF FINANCE

    Total calculated
    $126,460
    From this org
    $0
    From related orgs
    $112,904
    Other
    $13,556
    Hours/week
    5 + 35 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

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
12 February 2024
IRS schema version
2022v5.0
Source object
202400459349302090

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