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Nonprofiteer
← MADISON SQUARE BOYS & GIRLS CLUB FOUNDATION INC

Form 990 for tax year 2022

Filed by MADISON SQUARE BOYS & GIRLS CLUB FOUNDATION INC.

Totals

Total revenue
$6,608,621
Total expenses
$6,981,108
Contributions and grants received
$7,214,085
Grants paid
$5,505,000
Program service revenue
$0
Investment income
$4,575
Other revenue
-$610,039
Total assets, end of year
$637,659
Total liabilities, end of year
$140,376
Net assets or fund balances, end of year
$497,283
Program services expenses (Part IX)
$5,818,600
Management and general expenses
$122,663
Fundraising expenses
$1,039,845
Program service expenses (Part III)
$5,818,600

Program services were 83.3% 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

    $2,856,004

  • 1f · All other contributions, gifts and grants

    $4,358,081

  • 1g · Noncash contributions included above

    $399,084

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $6,256 · excluded $6,256

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $651,781

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

    securities $653,462

  • 7c · Gain or loss

    securities -$1,681 · other assets $0

  • 7d · Net gain or loss

    total -$1,681 · excluded -$1,681

  • 8a · Fundraising events: gross income

    $373,082

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

    $2,856,004

  • 8b · Fundraising events: direct expenses

    $983,121

  • 8c · Net income from fundraising events

    total -$610,039 · excluded -$610,039

  • 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 $5,505,000 · program services $5,505,000

  • 5 · Compensation of officers, directors and key employees

    total $242,984 · fundraising $242,984

  • 7 · Other salaries and wages

    total $442,412 · fundraising $442,412

  • 8 · Pension plan contributions

    total $42,566 · fundraising $42,566

  • 9 · Other employee benefits

    total $48,388 · fundraising $48,388

  • 10 · Payroll taxes

    total $46,655 · fundraising $46,655

  • 11a · Fees: management

    total $313,600 · program services $313,600

  • 11b · Fees: legal

    total $42,948 · management and general $42,948

  • 11e · Fees: professional fundraising services

    total $162,222 · fundraising $162,222

  • 11g · Fees: other

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

  • 12 · Advertising and promotion

    total $91,812 · management and general $46,548 · fundraising $45,264

  • 13 · Office expenses

    total $21,388 · management and general $21,388

  • 17 · Travel

    total $667 · fundraising $667

  • 19 · Conferences, conventions and meetings

    total $3,687 · fundraising $3,687

  • 24a · Other expenses: Miscellaneous

    total $11,779 · management and general $11,779

  • 24b · Other expenses: Bad Debt

    total $5,000 · fundraising $5,000

  • 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 $594,113 · end of year $158,580

  • 4 · Accounts receivable

    beginning of year $256,500 · end of year $175,401

  • 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

  • 9 · Prepaid expenses and deferred charges

    beginning of year $181,480 · end of year $190,255

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $98,148 · end of year $113,423

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $54,989 · end of year $107,051

  • 19 · Deferred revenue

    beginning of year $32,500 · end of year $33,325

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $186,367 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $856,385 · end of year $383,861

  • 28 · Net assets with donor restrictions

    end of year $113,422

Mission and programs · 2022

Mission

MADISON SQUARE BOYS AND GIRLS CLUB FOUNDATION'S SOLE PURPOSE IS TO RAISE FUNDS TO SUPPORT THE MISSION OF MADISON SQUARE BOYS AND GIRLS CLUB, INC.

  • Support for Madison Square Boys and Girls Club, Inc.

    Expenses $5,818,600 · Grants $5,505,000

As filed on the 2022 return.

Listed in Part VII

  • John Starr

    BOARD CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Patrick Gallagher

    BOARD SECRETARY AND TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Joseph Gantz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Oba McMillan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Richard Eaddy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Salina Muellich

    EXECUTIVE DIRECTOR

    Total calculated
    $240,239
    From this org
    $195,554
    From related orgs
    $0
    Other
    $44,685
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $192,789
    Bonus
    $0
    Other
    $2,765
    Deferred
    $19,511
    Nontaxable benefits
    $25,174
    Filer's total
    $240,239

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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 August 2024
IRS schema version
2022v5.0
Source object
202422289349303592

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