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← BOYS & GIRLS CLUBS OF SAN FRANCISCO ENDOWMENT TRUST

Form 990 for tax year 2023

Filed by BOYS & GIRLS CLUBS OF SAN FRANCISCO ENDOWMENT TRUST.

Totals

Total revenue
$2,982,721
Total expenses
$3,295,630
Contributions and grants received
$0
Grants paid
$3,053,896
Program service revenue
$0
Investment income
$2,982,721
Other revenue
$0
Total assets, end of year
$67,858,821
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$67,858,821
Program services expenses (Part IX)
$3,053,896
Management and general expenses
$241,734
Fundraising expenses
$0
Program service expenses (Part III)
$3,053,896

Program services were 92.7% 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.

  • 3 · Investment income

    total $1,554,563 · excluded $1,554,563

  • 7a · Gross sales of assets other than inventory

    securities $1,428,158

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

    securities $0

  • 7c · Gain or loss

    securities $1,428,158

  • 7d · Net gain or loss

    total $1,428,158 · excluded $1,428,158

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,053,896 · program services $3,053,896

  • 11f · Fees: investment management

    total $241,734 · management and general $241,734

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year -$1

  • 2 · Savings and temporary cash investments

    beginning of year $2,122,763 · end of year $1,877,723

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

    $650,918

  • 10c · Land, buildings and equipment, net

    beginning of year $650,918 · end of year $650,918

  • 11 · Investments: publicly traded securities

    beginning of year $47,427,071 · end of year $59,349,000

  • 12 · Investments: other securities

    beginning of year $4,897,999 · end of year $5,981,181

  • 27 · Net assets without donor restrictions

    beginning of year $35,925,560 · end of year $44,730,963

  • 28 · Net assets with donor restrictions

    beginning of year $19,173,191 · end of year $23,127,858

Mission and programs · 2023

Mission

THE CLUB'S ENDOWMENT CONSISTS OF ONE INDIVIDUAL FUND, THE ENDOWMENT TRUST, ESTABLISHED EXCLUSIVELY TO BENEFIT THE CLUB TO PROVIDE FOR A PORTION OF THE CLUB'S OPERATING REQUIREMENTS EACH YEAR, INCLUDING SALARY INCREASES, AS WELL AS A SOURCE OF CAPITAL FOR IMPROVEMENTS TO EXISTING FACILITIES, IMPLEMENTATION OF NEW PROGRAMS, AND FOR THE ACQUISITION OF ADDITIONAL FACILITIES. THE ENDOWMENT INCLUDES BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF GOVERNORS TO FUNCTION AS ENDOWMENTS. AS REQUIRED BY U.S. GAAP, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF GOVERNORS TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS.

Activities or mission (Part I)

THE BOYS & GIRLS CLUBS OF SAN FRANCISCO ENDOWMENT TRUST'S (THE ENDOWMENT TRUST) SOLE ACTIVITY IS TO PROVIDE CONTINUING FINANCIAL SUPPORT TO THE BOYS & GIRLS CLUBS OF SAN FRANCISCO (THE CLUB), AN EXEMPT PUBLIC INTERNAL REVENUE CODE SECTION 501(C)(3) ORGANIZATION, EIN 94-1156608.

  • CONTINUING FINANCIAL SUPPORT TO THE BOYS & GIRLS CLUBS OF SAN FRANCISCO.

    Expenses $3,053,896 · Grants $3,053,896

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Alexander Sandy Dean

    CHAIR AND SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Brenda Vingiello

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3

  • Jason Moment

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3

  • Robert Weltman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3

  • John Warren

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.3

  • Rob Connolly

    PRESIDENT

    Total calculated
    $423,632
    From this org
    $0
    From related orgs
    $388,382
    Other
    $35,250
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $388,382 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $35,250 related
    Filer's total
    $0 + $423,632 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

The filer's explanations (Part III)

PART I, LINE 3
THE PRESIDENT'S SALARY IS PAID BY THE CLUB. THERE IS A WRITTEN EMPLOYMENT CONTRACT AND THE CLUB'S BOARD APPROVES HIS TOTAL COMPENSATION.

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
2023
Filed
7 August 2025
IRS schema version
2023v6.0
Source object
202542249349302774

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