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Nonprofiteer
← MADISON SQUARE BOYS & GIRLS CLUB INC

Form 990 for tax year 2024

Filed by MADISON SQUARE BOYS & GIRLS CLUB INC.

Totals

Total revenue
$19,935,615
Total expenses
$10,150,790
Contributions and grants received
$7,307,053
Grants paid
$18,475
Program service revenue
$142
Investment income
$12,295,524
Other revenue
$332,896
Total assets, end of year
$76,905,702
Total liabilities, end of year
$1,775,910
Net assets or fund balances, end of year
$75,129,792
Program services expenses (Part IX)
$6,990,729
Management and general expenses
$2,990,206
Fundraising expenses
$169,855
Program service expenses (Part III)
$6,990,729

Program services were 68.9% 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.

  • 1c · Fundraising events

    $220,110

  • 1d · Related organizations

    $4,427,500

  • 1e · Government grants (contributions)

    $2,269,246

  • 1f · All other contributions, gifts and grants

    $390,197

  • 2a · Program service revenue: CAMPING/PROGRAM FEES

    total $142 · related or exempt $142

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $706,766 · excluded $706,766

  • 6a · Gross rents

    real property $72,004

  • 6b · Less rental expenses

    real property $72,004

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $5,408,871 · other assets $9,429,033

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

    securities $1,062,466 · other assets $2,186,680

  • 7c · Gain or loss

    securities $4,346,405 · other assets $7,242,353

  • 7d · Net gain or loss

    total $11,588,758 · excluded $11,588,758

  • 8a · Fundraising events: contributions included on line 1c

    $220,110

  • 11a · Other revenue: MANAGEMENT FEE

    total $332,896 · excluded $332,896

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $332,896

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $18,475 · program services $18,475

  • 5 · Compensation of officers, directors and key employees

    total $1,240,056 · program services $340,843 · management and general $899,213

  • 7 · Other salaries and wages

    total $3,548,959 · program services $3,162,907 · management and general $386,052

  • 8 · Pension plan contributions

    total $202,486 · program services $194,463 · management and general $8,023

  • 9 · Other employee benefits

    total $594,583 · program services $508,756 · management and general $85,827

  • 10 · Payroll taxes

    total $316,257 · program services $236,402 · management and general $79,855

  • 11c · Fees: accounting

    total $136,275 · management and general $136,275

  • 11f · Fees: investment management

    total $354,098 · management and general $354,098

  • 11g · Fees: other

    total $525,156 · program services $431,930 · management and general $50,136 · fundraising $43,090

  • 13 · Office expenses

    total $497,826 · program services $479,095 · fundraising $18,731

  • 14 · Information technology

    total $81,088 · program services $61,144 · management and general $17,786 · fundraising $2,158

  • 16 · Occupancy

    total $802,487 · program services $735,461 · management and general $47,689 · fundraising $19,337

  • 17 · Travel

    total $62,899 · program services $60,089 · management and general $1,578 · fundraising $1,232

  • 19 · Conferences, conventions and meetings

    total $60,717 · program services $53,146 · management and general $7,571

  • 20 · Interest

    total $686,010 · management and general $638,034 · fundraising $47,976

  • 22 · Depreciation, depletion and amortization

    total $607,791 · program services $544,777 · management and general $33,400 · fundraising $29,614

  • 23 · Insurance

    total $415,627 · program services $163,241 · management and general $244,669 · fundraising $7,717

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $38,032 · end of year $129,679

  • 2 · Savings and temporary cash investments

    beginning of year $2,554,150 · end of year $105,088

  • 3 · Pledges and grants receivable

    beginning of year $5,400,473 · end of year $5,613,164

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $251,297 · end of year $203,026

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

    $14,802,636

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

    $9,339,431

  • 10c · Land, buildings and equipment, net

    beginning of year $5,516,029 · end of year $5,463,205

  • 11 · Investments: publicly traded securities

    beginning of year $55,982,632 · end of year $62,098,186

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $5,463,775 · end of year $3,293,354

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,655,952 · end of year $826,394

  • 19 · Deferred revenue

    beginning of year $244,037 · end of year $272,626

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $10,479,528

  • 24 · Unsecured notes and loans payable

    beginning of year $1,500,000 · end of year $500,000

  • 25 · Other liabilities

    beginning of year $404,255 · end of year $176,890

  • 27 · Net assets without donor restrictions

    beginning of year -$4,623,624 · end of year $3,001,945

  • 28 · Net assets with donor restrictions

    beginning of year $65,546,240 · end of year $72,127,847

Mission and programs · 2024

Mission

TO SAVE AND ENHANCE THE LIVES OF NYC BOYS AND GIRLS WHO BY MEANS OF ECONOMIC AND/OR SOCIAL FACTORS ARE MOST IN NEED OF ITS SERVICES.

  • ACADEMIC SUCCESS PROGRAMS: ENSURE THAT OUR MEMBERS HAVE THE SUPPORT THEY NEED TO SUCCEED THROUGHOUT THEIR ACADEMIC LIFE AND GRADUATE FROM HIGH SCHOOL READY TO PURSUE COLLEGE OR A CAREER. MADISON PROVIDES HOMEWORK HELP AND ACADEMIC ENRICHMENT, MENTORS YOUNG PEOPLE WHO ARE AT RISK FOR DROPPING OUT OF SCHOOL, OFFERS RESOURCESSO MEMBERS CAN BUILD THEIR COMPUTER AND TECHNOLOGY SKILLS, AND GUIDES MEMBERS TO EXPLORE POTENTIAL CAREERS AND NAVIGATE THE COLLEGE APPLICATION PROCESS. MADISON ALSO OFFERS A 7-WEEK SUMMER LEARNING PROGRAM FOR ELEMENTARY AND MIDDLE-SCHOOL YOUTH. IN 2025, 181 ELEMENTARY AND 126 MIDDLE SCHOOL STUDENTS PARTICIPATED IN PROGRAMMING. 569 TEENS AND YOUNG ADULTS WERE PLACED IN WORK-BASED LEARNING EXPERIENCES OR INTERNSHIPS OVER THE SUMMER, AND 72 ALUMNI PARTICIPATED IN THE COLLEGE SUCCESS INITIATIVE.

    Expenses $3,271,032 · Grants $18,475 · Revenue $142

  • HEALTHY LIFESTYLES PROGRAMS: ENCOURAGE OUR MEMBERS TO ADOPT A HEALTHY DIET, PRACTICE POSITIVE LIFESTYLE CHOICES, MAKE A LIFELONG COMMITMENT TO FITNESS, AND SUPPORT THEIR MENTAL HEALTH. MEMBERS PARTICIPATE IN DAILY FITNESS CHALLENGES, AND ENJOY A WIDE RANGE OF INTRAMURAL SPORTS ACTIVITIES IN THE CLUB GYMS, POOLS AND DANCE FACILITIES. THE CLUBS PROVIDE HEALTHY FOOD TO OUR MEMBERS ON A DAILY BASIS, HELP YOUNG PEOPLE MAKE NUTRITION AND WELLNESS HABITS A DAILY PRACTICE, AND EMPOWER YOUTH TO AVOID TOBACCO, ALCOHOL AND DRUGS. IN ADDITION, MADISON OFFERS ONE-ON-ONE MENTORING AND LISTENING CIRCLES FOR TEENS TO HELP MEMBERS PROCESS THE CHALLENGES IN THEIR LIVES, INCLUDING THE TRAUMA FROM THE COVID-19 PANDEMIC. IN 2025, 1,728 MEMBERS PARTICIPATED IN OUR HEALTHY LIFESTYLES PROGRAMS.

    Expenses $2,207,315

  • GOOD CHARACTER AND CITIZENSHIP PROGRAMS: OFFER OUR MEMBERS OPPORTUNITIES TO DEVELOP LEADERSHIP CAPABILITIES, BUILD SOCIAL-EMOTIONAL SKILLS AND MAKE A DIFFERENCE IN THEIR COMMUNITY. MEMBERS ORGANIZE SERVICE PROJECTS, PARTICIPATE IN GENDER-SPECIFIC INITIATIVES THAT FOCUS ON VALUES DEVELOPMENT, AND DO ADVOCACY WORK IN THEIR LOCAL NEIGHBORHOODS. TEENS CAN PARTAKE IN THE YOUTH OF THE YEAR PROGRAM, THE PREMIER NATIONAL RECOGNITION PROGRAM FOR BOYS AND GIRLS CLUBS OF AMERICA MEMBERS, WHICH HONORS YOUNG PEOPLE WHO HAVE DISTINGUISHED THEMSELVES ACADEMICALLY AND SOCIALLY THROUGH THEIR POSITIVE ACTIONS. IN 2025, 245 MEMBERS PARTICIPATED IN YOUTH OF PURPOSE PROGRAMS, 218 MEMBERS PARTICIPATED IN LISTENING CIRCLES, AND 197 POSITIVE ACTION SESSIONS WERE OFFERED.

    Expenses $1,512,382

As filed on the 2024 return.

Listed in Part VII

  • Andrew Todres

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • David Fields

    CO-PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Leo P Arnaboldi III

    CO-PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Mitchell Scherzer

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Steven Elbaum

    BOARD CHAIR (THRU 1/12/2025)

    Total calculated
    $0
    Hours/week
    2

  • Steven Miyao

    DIRECTOR (THRU 6/9/2025)

    Total calculated
    $0
    Hours/week
    1 + 0.3 related

  • Aamena Khan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Adam L Reeder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ahtis Davis-Cloyd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Barbara A Taylor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Barry Bregman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 0.3 related

  • Brian Hoesterey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Daniel Donnelly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Daniel L Mosley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David J Goldring

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Donald C Devine

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 0.3 related

  • Dr Lisa Thompson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Erek Nimphius

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Eric Frandson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ivan Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jerry M Seslowe

    DIRECTOR (THRU 6/9/2025)

    Total calculated
    $0
    Hours/week
    1

  • Jill Grappell Rudnick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joseph Gantz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Kate Pilcher Ciafone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kenneth B Marlin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kristina I Hunt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Myles Gillespie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nick Rudd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Oba McMillan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Peter Scheman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Philip Maltaghati

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Richard Eaddy

    DIRECTOR (THRU 6/9/2025)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Richard Porter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Roy Weathers

    DIRECTOR (THRU 5/27/2025)

    Total calculated
    $0
    Hours/week
    1

  • Stuart Lempert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • T Kenneth Farrell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Thalia Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Trevor Fennell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Vanessa Touma

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Walter Owens

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elaine Rocha

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $0
    Hours/week
    34 + 1 related

  • Jeffrey Dold

    CHIEF FINANCIAL OFFICER

    Total calculated
    $350,815
    From this org
    $269,700
    From related orgs
    $0
    Other
    $81,115
    Hours/week
    34 + 1 related

    Schedule J breakdown matched by us

    Base
    $212,378
    Bonus
    $56,250
    Other
    $1,072
    Deferred
    $28,000
    Nontaxable benefits
    $53,115
    Filer's total
    $350,815

  • Steven Melton

    CHIEF OPERATING OFFICER

    Total calculated
    $369,074
    From this org
    $313,591
    From related orgs
    $0
    Other
    $55,483
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $274,839
    Bonus
    $31,875
    Other
    $6,877
    Deferred
    $30,999
    Nontaxable benefits
    $24,484
    Filer's total
    $369,074

  • Tim McChristian

    EXECUTIVE DIRECTOR (THRU 9/30/2025)

    Total calculated
    $442,715
    From this org
    $360,205
    From related orgs
    $0
    Other
    $82,510
    Hours/week
    34 + 1 related

    Schedule J breakdown matched by us

    Base
    $302,391
    Bonus
    $50,000
    Other
    $7,814
    Deferred
    $36,000
    Nontaxable benefits
    $46,510
    Filer's total
    $442,715

  • Antonio Fort

    DIR. OF CLUBHOUSE OPERATIONS

    Total calculated
    $181,545
    From this org
    $130,666
    From related orgs
    $0
    Other
    $50,879
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $126,151
    Bonus
    $1,725
    Other
    $2,790
    Deferred
    $13,493
    Nontaxable benefits
    $37,386
    Filer's total
    $181,545

  • Esther Kennerly

    PAYROLL & BENEFITS ADMINISTRATOR

    Total calculated
    $162,611
    From this org
    $111,941
    From related orgs
    $0
    Other
    $50,670
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $67,657
    Bonus
    $43,500
    Other
    $784
    Deferred
    $11,978
    Nontaxable benefits
    $38,692
    Filer's total
    $162,611

  • Liliya Shapiro

    SENIOR ACCOUNTANT

    Total calculated
    $128,783
    From this org
    $116,463
    From related orgs
    $0
    Other
    $12,320
    Hours/week
    35

  • Stanley King

    BROOKLYN BOROUGH DIRECTOR

    Total calculated
    $136,672
    From this org
    $113,668
    From related orgs
    $0
    Other
    $23,004
    Hours/week
    35

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

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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
17 August 2026
IRS schema version
2024v5.1
Source object
202632299349302723

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