Bgccf Nmtc INC FY2023 filing

Tax-deductible

Orlando, FL501(c)(3)Since 2019Foundations & GrantmakersEIN 84-3836126Revenue $195K in FY2023

On file with the IRSbgccf.org101 E Colonial Dr, 32801-1201 · Orlando, FLTax-exempt since May 2022Supporting org, Type I — 509(a)(3)

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To help facilitate the new market tax credits financing that will allow the boys & girls clubs of central florida, INC. To fund the construction of jacqueline bradley clarence otis family boys & girls club and the expansion of the joe r. Lee club.

501(c)(3) charity; gifts are tax-deductible.
64¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2023 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $318K a year · 140% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
64%
of spending
Worth a look: 64% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 9.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$12.2M
87% of total assets
Concern: liabilities are 87% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$195K
+6% vs prior year
Spent
$566K
To programs
64%
Net assets
$1.9M
By yearFY2021–FY2025
Revenue
$195K
FY2023▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2021$386K
FY2022$184K
FY2023$195K
FY2024$184K
FY2025$184K
Expenses
$566K
FY2023▲ +1%
Tap a bar for its year
Expenses by fiscal year
FY2021$467K
FY2022$559K
FY2023$566K
FY2024$567K
FY2025$566K
Net assets
$1.9M
FY2023▼ -16%
Tap a bar for its year
Net assets by fiscal year
FY2021$2.6M
FY2022$2.2M
FY2023$1.9M
FY2024$1.5M
FY2025$1.1M

From the FY2023 Form 990 (year ending June 2023) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2022.

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

Where the money goes

64 cents of each dollar spent went to programs.

Program services 64% · $360K Management & general 36% · $206K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President/CEO
$0Pt VII · Sec A
$0Pt VII · Sec A
Chair (as of 01/23)
$0Pt VII · Sec A
Chair Elect
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Bgccf Nmtc INC executive salaries →

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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

Facilitates New Market Tax Credits financing for Boys & Girls Clubs construction and expansion projects.

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Provided by the organization

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1 program · $360K · in their own filed words · FY2022
01

To help facilitate the new market tax credits financing that will allow the boys & girls clubs of central florida, inc. To fund the construction of jacqueline bradley clarence otis family boys & girls club and the expansion of the joe r. Lee club.

$360Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$195K
Ln 12
Fees for servicesLn 2g$184K
Gifts and grantsLn 1h$11K
Money outPt IX
$566K
Ln 25
Programscol B$360K
Managementcol C$206K
Owns and owesPt X
$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$448K
Total assetsLn 16$14.1M
LiabilitiesLn 26$12.2M
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$11K
Fees for servicesLn 2g$184K
Gains on assetsLn 7$0
Total revenueLn 12$195K
Assets in detailPt X, end of year
CashLn 1$448K
SavingsLn 2$0
Cash and savings togetherLn 1–2$448K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$12.9M
Other assetsLn 15$733K
Total assetsLn 16$14.1M
LiabilitiesLn 26$12.2M
Net assetsLn 32$1.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$435K$448K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$13.2M$12.9M
Total assetsLn 16$14.4M$14.1M
LiabilitiesLn 26$12.2M$12.2M
Net assetsLn 32$2.2M$1.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$13K$13K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$68K$0$68K$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$125K$125K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$360K$360K
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$285$0$285$0
Total functional expensesLn 25$566K$360K$206K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $184K$566K−$382K$1.1M 990 PDF
FY2024 $184K$567K−$383K$1.5M 990 PDF
FY2023 Viewing $195K$566K−$371K$1.9M 990 PDF
FY2022 $184K$559K−$375K$2.2M 990 PDF
FY2021 $386K$467K−$81K$2.6M 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 FY2023 990 (6 parts)
Part I · Summary $194,876 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$10,876
I-9 Program service revenuePrior year $184,000$184,000
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $184,000$194,876
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $558,785$565,549
I-18 Total expensesPrior year $558,785$565,549
I-19 Revenue less expensesPrior year −$374,785−$370,673
Part VI · Governance 6 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $194,876 across 9 lines filed
VIII-1d Related organizations$10,876
VIII-1h Total contributions, gifts and grants$10,876
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $184,000$184,000
VIII-3 Investment incomeUnrelated business $0$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $184,000 · Unrelated business $0$194,876
Part IX · Statement of functional expenses $565,549 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $12,821$12,821
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $0 · Management $67,858 · Fundraising $0$67,858
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestManagement $125,055$125,055
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $359,530$359,530
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $0 · Management $285 · Fundraising $0$285
IX-25 Total functional expensesPrograms $359,530 · Management $206,019 · Fundraising $0$565,549
Part X · Balance sheet $14,072,298 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $434,773$447,824
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $13,238,721$12,891,909
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $745,283$732,565
X-16 Total assetsStart of year $14,418,777$14,072,298
X-17 Accounts payable and accrued expensesStart of year $48,592$50,822
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $12,169,628$12,193,822
X-27 Net assets without donor restrictionsStart of year $1,503,866$1,145,912
X-28 Net assets with donor restrictionsStart of year $745,283$732,564
X-32 Total net assets or fund balancesStart of year $2,249,149$1,878,476
X-33 Total liabilities and net assetsStart of year $14,418,777$14,072,298
Part XI · Reconciliation of net assets $1,878,476 net assets at year end
XI-1 Total revenue$194,876
XI-2 Total expenses$565,549
XI-3 Revenue less expenses−$370,673
XI-4 Net assets at start of year$2,249,149
XI-10 Net assets at end of year$1,878,476

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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