2024-09-26T13:56:39-05:00 2023-12-31 BDO USA 421 Fayetteville Street Suite 300 Raleigh NC 27601 990 2023-01-01 852422429 BGCA Funds Holdco Inc % JASON PENEGAR BGCA 4044875403 1275 Peachtree Street NE Atlanta GA 303093506 Samuel J Unglo PRESIDENT & CEO 4044875700 2024-09-25 true true SANDRA L FEINSMITH P01064157 9192781936 2024-09-25 2023 2024-08-08 14:25:15Z Samuel J Unglo 1275 Peachtree Street NE Atlanta GA 303093506 32038527 false X N/A X 2020 GA TO ENABLE ALL YOUNG PEOPLE, ESPECIALLY THOSE WHO NEED US MOST, TO REACH THEIR FULL POTENTIAL AS PRODUCTIVE, CARING, RESPONSIBLE CITIZENS. 11 9 0 9 772162 720522 0 0 0 0 223714 1166960 0 2474639 223714 3641599 0 0 0 0 0 0 0 0 0 723672 328517 723672 328517 -499958 3313082 354925914 357918645 41542035 12455570 313383879 345463075 X THE MISSION OF THE ORGANIZATION IS TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF, OR TO CARRY OUT THE PURPOSES OF, BOYS & GIRLS CLUBS OF AMERICA, A D.C. CORPORATION THAT WAS CONGRESSIONALLY CHARTERED IN 1965 ("BOYS & GIRLS CLUBS OF AMERICA") AND WHOSE MISSION IS, "TO ENABLE ALL YOUNG PEOPLE, ESPECIALLY THOSE WHO NEED US MOST, TO REACH THEIR FULL POTENTIAL AS PRODUCTIVE, CARING, RESPONSIBLE CITIZENS." false false 0 0 0 THE MISSION OF THE ORGANIZATION IS TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF, OR TO CARRY OUT THE PURPOSES OF, BOYS & GIRLS CLUBS OF AMERICA, A D.C. CORPORATION THAT WAS CONGRESSIONALLY CHARTERED IN 1965 ("BOYS & GIRLS CLUBS OF AMERICA") AND WHOSE MISSION IS, "TO ENABLE ALL YOUNG PEOPLE, ESPECIALLY THOSE WHO NEED US MOST, TO REACH THEIR FULL POTENTIAL AS PRODUCTIVE, CARING, RESPONSIBLE CITIZENS." 0 true false false false false false false false true true false true false false true true false true false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 0 0 0 true true false false false false false false false false false false false X 11 9 false false false false false false false true true false false true true true true true true false false false GA X JASON PENEGAR 4044875403 1275 PEACHTREE STREET NE Atlanta GA 303093506 SAMUEL J UNGLO PRESIDENT & CEO 0.0 40.0 X X 0 718143 47532 kristine morain vp & secretary 0.0 40.0 X X 0 604327 47532 WILLIAM R GOODELL CHAIRPERSON 4.0 3.0 X 0 0 0 CHRISTOPHER ABELE GOVERNOR 4.0 4.0 X 0 0 0 Jackie Chin GOVERNOR 4.0 0.0 X 0 0 0 IRWIN R GROSS GOVERNOR 4.0 0.0 X 0 0 0 Anthony Juozapavich GOVERNOR 4.0 0.0 X 0 0 0 Michael Lyons GOVERNOR 4.0 0.0 X 0 0 0 JEREMIAH SANDY MILBANK III GOVERNOR 4.0 0.0 X 0 0 0 Byron Roth GOVERNOR 4.0 1.0 X 0 0 0 Michael Tennenbaum GOVERNOR 4.0 0.0 X 0 0 0 0 1322470 95064 0 false true false 0 0 0 1406786 772162 634624 0 0 0 0 0 28157102 28396928 -239826 -239826 -239826 0 0 0 0 0 0 0 0 0 OTHER INCOME 900099 2474639 2474639 2474639 3641599 772162 2869437 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SHARED SERVICES 216800 216800 BANK SERVICE CHARGES 67779 67779 LINE OF CREDIT FEE 43938 43938 328517 0 328517 0 1188 11428 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 163398440 159594819 179556214 185856829 0 0 0 0 11970072 12455569 354925914 357918645 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 41542035 12455570 41542035 12455570 X 313383879 345463075 0 0 313383879 345463075 354925914 357918645 X 3313082 27408716 1357398 X false true X true false X X X 1 BOYS & GIRLS CLUBS OF AMERICA 135562976 10 true 0 0 1 0 0 true false false false false false false false false false false false false false false true false false false 245002036 6527042 27588277 0 28428260 250689095 288377095 5978321 -31150791 0 18202589 245002036 261677128 37658497 1028034 9930496 288377095 0.45250 0.18690 0.36060 false false ALT. MULTI-STRATEGY HEDGE 123265556 F ALTERNATIVE PRIVATE EQUITY 46863549 F FIXED INCOME SECURITIES 15686794 F INVESTMENTS IN COMMUNITY FDN 40930 F 185856829 0 OBLIGATIONS FOR CUSTODIAL FUNDS 12455570 12455570 X SCHEDULE D, PART IV, LINE 2B: CUSTODIAL FUNDS BOYS & GIRLS CLUBS OF AMERICA HAS CUSTODY OF CERTAIN ASSETS WHICH ARE BEING HELD AND DISBURSED ONLY ON INSTRUCTIONS OF THE PERSON OR ORGANIZATION FROM WHICH THEY WERE RECEIVED. THESE CUSTODIAL FUNDS AND RELATED OBLIGATIONS ARE INCLUDED IN THE STATEMENT OF FINANCIAL POSITION, HOWEVER ADDITIONS TO/DISBURSEMENTS FROM THESE FUNDS ARE NOT CONSIDERED PART OF BGCA'S OPERATIONS. SCHEDULE D, PART V, QUESTION 4: ENDOWMENT FUNDS BOYS & GIRLS CLUBS OF AMERICA'S ENDOWMENT CONSISTS OF FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, INCLUDING BOTH DONOR-RESTRICTED AND UNRESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF GOVERNORS TO FUNCTION AS ENDOWMENTS. INCOME FROM THE ENDOWMENTS IS USED IN ACCORDANCE WITH THE DONOR STIPULATIONS FOR PROGRAMS; IN THE ABSENCE OF ANY DONOR STIPULATIONS, THE INCOME IS USED TO SUPPORT THE MISSION OF THE ORGANIZATION, ACCORDING TO THE SPENDING POLICY ESTABLISHED BY BGCA'S BOARD OF GOVERNORS. SCHEDULE D, PART X, QUESTION 2: FIN 48 FOOTNOTE BGCA IS RECOGNIZED AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE (THE CODE) AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) WHEREBY ONLY UNRELATED BUSINESS INCOME, AS DEFINED BY SECTION 512(A)(1) OF THE CODE, IS SUBJECT TO FEDERAL INCOME TAX. DURING 2023 AND 2022, $168,080 AND $696,239 RESPECTIVELY, WAS PAID FOR INCOME TAXES. MANAGEMENT EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THE ORGANIZATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE INCOME TAXES TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC"). BGCA'S SUBSIDIARY ALLIANCE ORGANIZATIONS ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER EITHER SECTION 501(C)(4) OR SECTION 501(C)(3) OF THE CODE. false false false false false false false false false SAMUEL J UNGLO PRESIDENT & CEO 0 438474 0 191405 0 88264 0 20300 0 27232 0 765675 0 0 kristine morain vp & secretary 0 381056 0 168914 0 54357 0 20300 0 27232 0 651859 0 0 PART I, LINE 3: A COMPENSATION COMMITTEE FROM BOYS & GIRLS CLUBS OF AMERICA IS USED TO ESTABLISH THE COMPENSATION OF THE CEO. FORM 990, PART VI, SECTION B, QUESTION 11: GOVERNING BODY'S REVIEW OF FORM 990 A DRAFT OF THE FORM 990 IS CIRCULATED TO THE BOARD OF GOVERNORS FOR ITS REVIEW, RECOMMENDATIONS AND APPROVAL. CHANGES, IF ANY, RECOMMENDED BY THE BOARD ARE INCORPORATED IN THE FORM 990 BEFORE ITS SUBMISSION. FORM 990, PART VI, SECTION B, QUESTION 12C: MONITORING CONFLICTS OF INTEREST BOYS & GIRLS CLUBS OF AMERICA HAS DEVELOPED TWO SEPARATE CODES OF ETHICS POLICIES ONE FOR THE EMPLOYEES AND THE OTHER FOR GOVERNORS AND TRUSTEES, BOTH OF WHICH ADDRESS CONFLICTS OF INTERESTS AND WHISTLE BLOWING POLICIES WITHIN THEM. THESE POLICIES WERE APPROVED BY THE BOARD OF GOVERNORS. THE CODE OF ETHICS FOR EMPLOYEES IS EXECUTED BY ALL NEW EMPLOYEES AT THE TIME OF HIRE AND ANNUALLY ON AN ONGOING BASIS. LIKEWISE, THE CODE OF ETHICS FOR GOVERNORS MUST BE EXECUTED BY ALL NEW GOVERNORS AND THEY ARE ASKED TO REVIEW AND EXECUTE ON AN ANNUAL BASIS. THE HUMAN RESOURCE DEPARTMENT OF BOYS & GIRLS CLUBS OF AMERICA IS RESPONSIBLE FOR MONITORING THE EXECUTION OF THE EMPLOYEES' CODE OF ETHICS AND THE RESOURCE DEVELOPMENT DEPARTMENT IS RESPONSIBLE FOR MONITORING THE EXECUTION CODE OF ETHICS FOR GOVERNORS & TRUSTEES. IN ADDITION, THE BOARD OF GOVERNORS HAS AN ETHICIST ON THE BOARD TO MONITOR ETHICAL CONCERNS AT THAT LEVEL. BOYS & GIRLS CLUBS OF AMERICA HAS AN ETHICS HOTLINE AND TWO ETHICS OFFICERS WHO MONITOR ETHICAL CONCERNS ON AN ONGOING BASIS BY: - ENSURING THE CODE OF ETHICS IS UPDATED AT LEAST ANNUALLY AND CONTINUES TO REPLICATE BEST PRACTICES OF OTHER FOR-PROFIT AND NOT-FOR-PROFIT ORGANIZATIONS; - REVIEWING AND RESPONDING APPROPRIATELY TO ALL QUESTIONS, ISSUES, AND COMPLAINTS AND ENSURING THE CODE OF ETHICS IS CLARIFIED AND/OR REVISED BASED ON THE INPUT RECEIVED; - REPORTING ANY SIGNIFICANT ETHICAL CONCERNS TO ALL NECESSARY COMMITTEES OF THE BOARD AND/OR THE BOARD; - REQUIRING A MEMBER OF THE BOARD OF GOVERNORS RECEIVE ALL FORMAL COMPLAINTS AND ENLIST THEIR INVOLVEMENT IN THE RESOLUTION AND RESPONSE TO COMPLAINTS AS NEEDED; AND - CONDUCTING TRAINING ON THE CODE OF ETHICS AS NEEDED. FORM 990, PART VI, SECTION C, QUESTION 19: GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIALS BOYS & GIRLS CLUBS OF AMERICA MAINTAINS A COMPREHENSIVE WEBSITE WWW.BGCA.ORG THAT INCLUDES MULTIPLE YEARS OF ANNUAL REPORTS AND FORMS 990 TO WHICH THE GENERAL PUBLIC HAS ACCESS. THE WEBSITE ALSO PROVIDES INFORMATION REGARDING THE HISTORY OF THE ORGANIZATION, BOARD OF GOVERNORS, MISSION OF THE ORGANIZATION, DETAILS OF VARIOUS PROGRAMS, PARTNERS, ALUMNI, PRIVACY POLICY ETC. FORM 990, PART XI, LINE 9: TRANSFER FROM SUPPORTED ORGANIZATION OF $1,357,398. Boys & Girls Clubs of America 1275 Peachtree Street NE Atlanta GA 30309 135562976 YOUTH DEVELOP DC 501(c)(3) 10 NA false false false false false false false false false true false false false false false false true false false false