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← BGCMR QALICB

Form 990 for tax year 2024

Filed by BGCMR QALICB.

Totals

Total revenue
$72,000
Total expenses
$246,263
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$72,000
Total assets, end of year
$5,293,060
Total liabilities, end of year
$5,438,665
Net assets or fund balances, end of year
-$145,605
Program services expenses (Part IX)
$0
Management and general expenses
$246,263
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 6a · Gross rents

    real property $72,000

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $72,000

  • 6d · Net rental income or loss

    total $72,000 · related or exempt $72,000

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $9,034 · management and general $9,034

  • 11g · Fees: other

    total $30,000 · management and general $30,000

  • 20 · Interest

    total $71,125 · management and general $71,125

  • 22 · Depreciation, depletion and amortization

    total $136,104 · management and general $136,104

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $248,869 · end of year $223,636

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

    $5,607,137

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

    $537,713

  • 10c · Land, buildings and equipment, net

    beginning of year $5,205,527 · end of year $5,069,424

  • 25 · Other liabilities

    beginning of year $5,425,738 · end of year $5,438,665

  • 27 · Net assets without donor restrictions

    beginning of year $28,658 · end of year -$145,605

Mission and programs · 2024

Mission

TO SUPPORT THE MISSION, PROGRAMS, AND EFFORTS OF BOYS & GIRLS CLUBS OF METRO RICHMOND IN RESPECT TO THE DEVELOPMENT, USE AND OPERATIONS OF THE ORGANIZATION'S REAL ESTATE BY ACQUIRING AND HOLDING TITLE TO PROPERTY TO BE USED FOR BGCMR DEVELOPING SUCH PROPERTY, LEASING SUCH PROPERTY, COLLECTING INCOME ATTRIBUTABLE TO SUCH PROPERTY, AND TURNING OVER AMOUNTS RELATING TO SUCH ACTIVITIES TO BGCMR.

Activities or mission (Part I)

TO SUPPORT THE MISSION, PROGRAMS, AND EFFORTS OF BOYS & GIRLS CLUBS OF METRO RICHMOND WITH RESPECT TO THE DEVELOPMENT, USE AND OPERATIONS OF THE ORGANIZATION'S REAL ESTATE BY ACQUIRING AND HOLDING TITLE TO PROPERTY TO BE USED FOR BGCMR DEVELOPING SUCH PROPERTY, LEASING SUCH PROPERTY, COLLECTING INCOME ATTRIBUTABLE TO SUCH PROPERTY, AND TURNING OVER AMOUNTS RELATING TO SUCH ACTIVITIES TO BGCMR.

  • TO SUPPORT THE MISSION, PROGRAMS, AND EFFORTS OF BOYS & GIRLS CLUBS OF METRO RICHMOND

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Will Allen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Tad Melton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • James H Reinhart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • W Randolph Spears

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Tamatha Powell

    SECRETARY/TREASURER

    Total calculated
    $176,741
    From this org
    $0
    From related orgs
    $165,497
    Other
    $11,244
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $154,648 related
    Bonus
    $0 + $10,669 related
    Other
    $0 + $180 related
    Deferred
    $0 + $9,920 related
    Nontaxable benefits
    $0 + $1,324 related
    Filer's total
    $0 + $176,741 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

  • 1a · Tax indemnification and gross-up payments

Answered no

  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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

No itemized grants to organizations 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
2024
Filed
26 March 2026
IRS schema version
2024v5.5
Source object
202610869349300411

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