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Nonprofiteer
← BGCS BUILDING GREAT FUTURES INC

Form 990 for tax year 2022

Filed by BGCS BUILDING GREAT FUTURES INC.

Totals

Total revenue
$135,132
Total expenses
$562,754
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$132
Other revenue
$135,000
Total assets, end of year
$9,815,094
Total liabilities, end of year
$11,276,498
Net assets or fund balances, end of year
-$1,461,404
Program services expenses (Part IX)
$350,802
Management and general expenses
$211,952
Fundraising expenses
$0
Program service expenses (Part III)
$350,802

Program services were 62.3% 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.

  • 3 · Investment income

    total $132 · excluded $132

  • 6a · Gross rents

    real property $135,000

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $135,000

  • 6d · Net rental income or loss

    total $135,000 · related or exempt $135,000

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $20,000 · management and general $20,000

  • 11g · Fees: other

    total $52,500 · management and general $52,500

  • 16 · Occupancy

    total $792 · management and general $792

  • 20 · Interest

    total $138,445 · management and general $138,445

  • 22 · Depreciation, depletion and amortization

    total $350,802 · program services $350,802

  • 24a · Other expenses: BANK FEES

    total $215 · management and general $215

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $439,439 · end of year $385,114

  • 4 · Accounts receivable

    beginning of year $11,250 · end of year $11,250

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

    $10,524,054

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

    $1,105,324

  • 10c · Land, buildings and equipment, net

    beginning of year $9,769,532 · end of year $9,418,730

  • 17 · Accounts payable and accrued expenses

    beginning of year $37,357 · end of year $37,357

  • 23 · Secured mortgages and notes payable

    beginning of year $10,900,473 · end of year $10,922,968

  • 25 · Other liabilities

    beginning of year $316,173 · end of year $316,173

  • 27 · Net assets without donor restrictions

    beginning of year -$1,033,782 · end of year -$1,461,404

Mission and programs · 2022

Mission

A TEMPORARY BUILDING HOLDING COMPANY USED TO FACILITATE THE BUILDING OF A NEW BOYS & GIRLS CLUB FACILITY.

  • PROVIDING THE COMMUNITY'S CHILDREN AND TEENS WITH A MODERN LOCATION THAT WILL HELP THEM LEAR, GROW, AND HAVE FUN WHILE PREPARING FOR A SUCCESSFUL FUTURE.

    Expenses $350,802 · Revenue $135,000

As filed on the 2022 return.

Listed in Part VII

  • Lawrence Mossey

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Beth Hathaway

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Anthony Durante

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Thomas Ciancetta

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Charles Kilbourne

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Shane Bargy

    EXECUTIVE DIRECTOR

    Total calculated
    $149,720
    From this org
    $0
    From related orgs
    $130,731
    Other
    $18,989
    Hours/week
    1 + 40 related

  • Nicole O'Keefe

    CHIEF FINANCIAL OFFICER

    Total calculated
    $107,168
    From this org
    $0
    From related orgs
    $84,876
    Other
    $22,292
    Hours/week
    1 + 40 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.

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
2022
Filed
31 October 2023
IRS schema version
2022v5.0
Source object
202323069349301637

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