Boys & Girls Clubs of Metro Richmond does not meet the following 1 Standards for Charity Accountability:
Standard 6 (Board Policy on Effectiveness)
Have a board policy of assessing, no less than every two years, the organization's performance and effectiveness and of determining future actions required to achieve its mission.
BGCMR does not meet this Standard because:
- The board of directors does not have a written policy stating that, at least every two years, an appraisal be done assessing the organization’s performance and effectiveness and determining future actions required to achieve its mission.
Boys & Girls Clubs of Metro Richmond meets the remaining 19 Standards for Charity Accountability.
Boys & Girls Club of Metro Richmond (BGCMR) works to change the odds for young people in metro Richmond by helping them develop emotional skills, social connections and the agency required to make positive decisions and stay on track. The organization reports that it strives to be an effective influence, ensuring youth are life-ready for college, technical training, military, or gainful employment. BGCMR aims to individualize their youth-led experiences, with the goal of enabling members to cultivate their own voices for leadership and change. The organization serves youth through five Clubs in communities where access to resources is limited.
For the year ended June 30, 2020, Boys & Girls Clubs of Metro Richmond's program expenses were:
Program and youth services |
$2,615,108 |
Total Program Expenses: |
$2,615,108 |
*2018 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Invitations to fund raising events, Planned giving arrangements, Telephone appeals, Other
Fundraising costs were 15% of related contributions. (Related contributions, which totaled $3,291,930, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c) (3) of the Internal Revenue Code.It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Boys & Girls Clubs of Metro Richmond's audited financial statements - combined for the year ended June 30, 2020.
Source of Funds |
Contributions and grants |
$2,861,312 |
Contributions, in-kind |
$430,618 |
Program service fees |
$86,315 |
Interest income |
$79,237 |
Miscellaneous income |
$29,680 |
Total Income |
$3,487,162 |
- Programs: 69%
- Administrative: 18%
- Fundraising: 13%
- Other: Less than 1%
Total Income |
$3,487,162 |
Program expenses |
$2,615,108 |
Fundraising expenses |
$497,267 |
Administrative expenses |
$680,658 |
Other expenses |
$10,000 |
Total expenses: |
$3,803,033 |
Income in Excess of Expenses |
$-315,871 |
Beginning Net Assets |
$11,656,417 |
Other Changes In Net Assets |
$22,406 |
Ending Net Assets |
$11,362,952 |
Total Liabilities |
$1,491,110 |
Total Assets |
$12,854,062 |
Note 1: According to BGCMR’s audited financial statements for the year ended June 30, 2020, the organization received in-kind contributions of $430,618 including facilities ($260,575), land ($106,000), legal services ($31,986), and other ($32,057).
Note 2: In the financial summary above, “other expenses” refers to loss allowance on pledges and grants receivable.
Note 3: In the financial summary above, other changes in net assets refers to change in value of beneficial interest in charitable lead trust ($37,220), change in value of beneficial interest in assets held by the Community Foundation for a Greater Richmond ($-22,395), and gain on disposal of property and equipment ($7,581).