Bgcfw Support Corporation

Tax-deductible

Fort Wayne, IN501(c)(3)Youth DevelopmentEIN 83-1617440Revenue $55K in FY2024

On file with the IRS2609 Fairfield Ave, 46807-1214 · Fort Wayne, INTax-exempt since Nov 2018Supporting org, Type I — 509(a)(3)

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Bgcfw Support Corporation was created for the benefit of, to perform the functions of, and/or carry out the purposes of the boys and girls club of fort wayne, INC.

501(c)(3) charity; gifts are tax-deductible.
66¢ of each $1 spent went to programs.
Run by 5 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $364K a year · 666% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$8.7M
132% of total assets
Concern: liabilities are 132% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$55K
-0.03% vs prior year
Spent
$410K
To programs
66%
Net assets
−$2.1M
By yearFY2020–FY2024
Revenue
$55K
FY2024-0.03%
Tap a bar for its year
Revenue by fiscal year
FY2020$55K
FY2021$55K
FY2022$55K
FY2023$55K
FY2024$55K
Expenses
$410K
FY2024▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2020$420K
FY2021$420K
FY2022$420K
FY2023$420K
FY2024$410K
Net assets
−$2.1M
FY2024▼ -20%
Tap a bar for its year
Net assets by fiscal year
FY2020−$680K
FY2021−$1.0M
FY2022−$1.4M
FY2023−$1.8M
FY2024−$2.1M

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2018.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

66 cents of each dollar spent went to programs.

Program services 66% · $269K Management & general 34% · $138K Fundraising 1% · $3K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice Chair/ Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports youth development programs for children and teens.

Questions for Bgcfw Support Corporation

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Provided by the organization

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1 program · $269K · in their own filed words · FY2024
01

BGCFW support corporation was created for the benefit of, to perform the functions of, AND/OR carry out the purposes of the boys and girls club of fort wayne, inc.

$269Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$55K
Ln 12
Investment incomeLn 3$55K
Money outPt IX
$410K
Ln 25
Programscol B$269K
Managementcol C$138K
Fundraisingcol D$3K
Owns and owesPt X
−$2.1M
net assets · Ln 32
Cash and savingsLn 1–2$137K
Total assetsLn 16$6.6M
LiabilitiesLn 26$8.7M
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$55K
Total revenueLn 12$55K
Assets in detailPt X, end of year
CashLn 1$137K
Cash and savings togetherLn 1–2$137K
Land, buildings, equipmentLn 10c$6.5M
Other assetsLn 15$0
Total assetsLn 16$6.6M
LiabilitiesLn 26$8.7M
Net assetsLn 32−$2.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$190K$137K
Land, buildings, equipmentLn 10c$6.8M$6.5M
Total assetsLn 16$7.0M$6.6M
LiabilitiesLn 26$8.7M$8.7M
Net assetsLn 32−$1.8M−$2.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$12K$12K
Other fees for servicesLn 11g$0$0$0$0
InterestLn 20$94K$94K
Depreciation, depletion and amortizationLn 22$303K$269K$31K$3K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$410K$269K$138K$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $55K$410K−$355K−$2.1M 990 PDF
FY2023 $55K$420K−$366K−$1.8M 990 PDF
FY2022 $55K$420K−$366K−$1.4M 990 PDF
FY2021 $55K$420K−$366K−$1.0M 990 PDF
FY2020 $55K$420K−$366K−$680K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $54,511 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $54,527$54,511
I-11 Other revenue$0
I-12 Total revenuePrior year $54,527$54,511
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $420,324$409,656
I-18 Total expensesPrior year $420,324$409,656
I-19 Revenue less expensesPrior year −$365,797−$355,145
Part VI · Governance 3 of 4 board members independent, 3 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members3
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $54,511 across 4 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-3 Investment incomeExcluded from tax $54,511$54,511
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $54,511$54,511
Part IX · Statement of functional expenses $409,656 across 5 lines filed
IX-11c Accounting feesManagement $12,500$12,500
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestManagement $94,461$94,461
IX-22 Depreciation, depletion and amortizationPrograms $268,881 · Management $31,084 · Fundraising $2,730$302,695
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $268,881 · Management $138,045 · Fundraising $2,730$409,656
Part X · Balance sheet $6,614,495 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $189,864$137,414
X-10c Land, buildings and equipment, netStart of year $6,779,776$6,477,081
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $6,969,640$6,614,495
X-25 Other liabilitiesStart of year $907,261$907,261
X-26 Total liabilitiesStart of year $8,747,261$8,747,261
X-27 Net assets without donor restrictionsStart of year −$1,777,621−$2,132,766
X-32 Total net assets or fund balancesStart of year −$1,777,621−$2,132,766
X-33 Total liabilities and net assetsStart of year $6,969,640$6,614,495
Part XI · Reconciliation of net assets −$2,132,766 net assets at year end
XI-1 Total revenue$54,511
XI-2 Total expenses$409,656
XI-3 Revenue less expenses−$355,145
XI-4 Net assets at start of year−$1,777,621
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$2,132,766

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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