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Nonprofiteer
← THE BOYS & GIRLS CLUBS OF THE EMERALD COAST FOUNDATION INC

Form 990 for tax year 2023

Filed by THE BOYS & GIRLS CLUBS OF THE EMERALD COAST FOUNDATION INC.

Totals

Total revenue
$127,720
Total expenses
$718,511
Contributions and grants received
$63,290
Grants paid
$0
Program service revenue
$0
Investment income
$64,430
Other revenue
$0
Total assets, end of year
$23,826,700
Total liabilities, end of year
$1,518
Net assets or fund balances, end of year
$23,825,182
Program services expenses (Part IX)
$359,264
Management and general expenses
$359,247
Fundraising expenses
$0
Program service expenses (Part III)
$359,264

Program services were 50.0% 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.

  • 1f · All other contributions, gifts and grants

    $63,290

  • 3 · Investment income

    total $130,563 · related or exempt $130,563

  • 7a · Gross sales of assets other than inventory

    securities $915,218

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

    securities $981,351

  • 7c · Gain or loss

    securities -$66,133

  • 7d · Net gain or loss

    total -$66,133 · related or exempt -$66,133

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $3,029 · management and general $3,029

  • 11c · Fees: accounting

    total $6,375 · management and general $6,375

  • 11f · Fees: investment management

    total $47,363 · management and general $47,363

  • 12 · Advertising and promotion

    total $1,500 · management and general $1,500

  • 16 · Occupancy

    total $129,990 · program services $1,360 · management and general $128,630

  • 22 · Depreciation, depletion and amortization

    total $357,904 · program services $357,904

  • 23 · Insurance

    total $172,350 · management and general $172,350

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $207,106 · end of year $245,972

  • 3 · Pledges and grants receivable

    beginning of year $1,360

  • 7 · Other notes and loans receivable

    end of year $580,000

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

    $20,619,165

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

    $4,698,271

  • 10c · Land, buildings and equipment, net

    beginning of year $16,857,901 · end of year $15,920,894

  • 11 · Investments: publicly traded securities

    beginning of year $6,301,916 · end of year $7,079,834

  • 17 · Accounts payable and accrued expenses

    beginning of year $869 · end of year $1,418

  • 19 · Deferred revenue

    beginning of year $100 · end of year $100

  • 27 · Net assets without donor restrictions

    beginning of year $21,641,496 · end of year $21,832,756

  • 28 · Net assets with donor restrictions

    beginning of year $1,725,818 · end of year $1,992,426

Mission and programs · 2023

Mission

TO SUPPORT AND CARRY OUT THE CHARITABLE AND EDUCATION FUNCTIONS OF THE BOYS AND GIRLS CLUB OF THE EMERALD COAST BY PROVIDING FINANCIAL SUPPORT AND OTHER AID TO BGCEC AND TO ITS BENEFICIARIES AS DIRECTED

Activities or mission (Part I)

TO SUPPORT AND CARRY OUT THE CHARITABLE AND EDUCATION FUNCTIONS OF THE BOYS AND GIRLS CLUB OF THE EMERALD COAST BY PROVIDING FINANCIAL SUPPORT AND OTHER AID

  • TO SUPPORT AND CARRY OUT THE CHARITABLE AND EDUCATION FUNCTIONS OF THE

    Expenses $359,264

As filed on the 2023 return.

Listed in Part VII

  • Todd Wilkinson

    BOARD CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Theri Isaacs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shiraz Hosein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • K Henderson

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Phil Higgins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Allen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shervin Rassa

    ORG PRESIDENT

    Total calculated
    $191,482
    From this org
    $0
    From related orgs
    $191,482
    Other
    $0
    Hours/week
    10

  • Rusty Skalla

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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.

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
2023
Filed
15 May 2024
IRS schema version
2023v5.0
Source object
202431979349301938

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