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← BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST FOUNDATION

Form 990 for tax year 2023

Filed by BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST FOUNDATION.

Totals

Total revenue
$2,313,988
Total expenses
$561,644
Contributions and grants received
$1,754,000
Grants paid
$445,288
Program service revenue
$0
Investment income
$498,526
Other revenue
$61,462
Total assets, end of year
$11,181,868
Total liabilities, end of year
$924,652
Net assets or fund balances, end of year
$10,257,216
Program services expenses (Part IX)
$502,157
Management and general expenses
$52,379
Fundraising expenses
$7,108
Program service expenses (Part III)
$502,157

Program services were 89.4% 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

    $1,754,000

  • 3 · Investment income

    total $240,294 · excluded $240,294

  • 6a · Gross rents

    real property $61,462

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $61,462

  • 6d · Net rental income or loss

    total $61,462 · related or exempt $61,462

  • 7a · Gross sales of assets other than inventory

    securities $2,560,492

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

    securities $2,302,260

  • 7c · Gain or loss

    securities $258,232

  • 7d · Net gain or loss

    total $258,232 · excluded $258,232

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $445,288 · program services $445,288

  • 11f · Fees: investment management

    total $45,271 · management and general $45,271

  • 20 · Interest

    total $36,081 · program services $28,865 · management and general $3,608 · fundraising $3,608

  • 22 · Depreciation, depletion and amortization

    total $35,004 · program services $28,004 · management and general $3,500 · fundraising $3,500

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $450,960 · end of year $597,903

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

    $1,400,000

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

    $230,439

  • 10c · Land, buildings and equipment, net

    beginning of year $1,204,565 · end of year $1,169,561

  • 12 · Investments: other securities

    beginning of year $7,012,134 · end of year $9,414,404

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $40,000

  • 23 · Secured mortgages and notes payable

    beginning of year $910,037 · end of year $884,652

  • 27 · Net assets without donor restrictions

    beginning of year $7,747,622 · end of year $10,247,216

  • 28 · Net assets with donor restrictions

    beginning of year $10,000 · end of year $10,000

Mission and programs · 2023

Mission

SINCE 1994, BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST FOUNDATION HAS SUPPORTED THE LONG-TERM HEALTH, SUSTAINABILITY AND FINANCIAL FEASIBILITY OF THE BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST. OUR MISSION IS TO OPERATE EXCLUSIVELY TO FINANCIALLY SUPPORT BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST AND SHALL BE OPERATED IN CONNECTION WITH THIS ORGANIZATION.

Activities or mission (Part I)

TO OPERATE EXCLUSIVELY TO FINANCIALLY SUPPORT BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST.

  • BOYS AND GIRLS CLUB OF CENTRAL COAST FOUNDATION EXISTS TO SUPPORT THE LONG TERM HEALTH AND FINANCIAL FEASIBILITY OF THE BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST. ESTABLISHED IN DECEMBER 1994, THE FOUNDATION PROVIDES UNRESTRICTED SUPPORT TO THE CLUB TO COVER OPERATIONAL AND ADMINISTRATIVE COSTS ASSOCIATED WITH THE BUSINESS. THE FOUNDATION PROVIDES DONORS WITH THE OPPORTUNITY TO SUPPORT THE CLUB THROUGH PLANNED GIFTS THAT MAXIMIZE EFFICIENCY AND LONG TERM FINANCIAL AND ESTATE PLANNING. THE BOYS & GIRLS CLUBS OF CENTRAL ORANGE COAST FOUNDATION ALLOWS DONORS AN OPTION TO LEAVE A LEGACY GIFT THAT WILL SUPPORT THE CLUB AND THE KIDS WE SERVE FOR GENERATIONS TO COME.

    Expenses $502,157 · Grants $445,288

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

Listed in Part VII

  • Anne MacPherson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Marla Noel

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • W David Stauffer Jr

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Micheal McLean

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • David Threshie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Buckingham Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Frankshannon Tucker

    DIRECTOR (SHARED SEAT)

    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

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 February 2025
IRS schema version
2023v6.0
Source object
202520429349301122

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