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New York BBB Wise Giving Report for
Madison Square Boys and Girls Club

A BBB Accredited charity

 



Expiration Date:
07/2016
Name:
Madison Square Boys & Girls Club
Address:
317 Madison Avenue
Suite 1110
New York, NY 10017
Phone:
212-760-9600
Year, State Incorporated:
1920, New York
Affiliates:
None
Stated Purpose:
" Saves and enhances the lives of New York City boys and girls who by reason of economic and/or social factors are most in need of our services. "





Evaluation Conclusions
 

              
Madison Square Boys & Girls Club meets the 20 Standards for Charity Accountability.




Programs
 

              
Madison Square Boys and Girls Club programs aim to develop competencies, instill positive values, and increase opportunities for youth to participate fully in society, often making a critical difference between a troubled and stagnant future and one of promise and achievement. Our programming focuses on six core areas: Education; Character and Leadership; Health and Life Skills; Sports and Fitness; Social Recreation and the Arts; and Employment and Career Exploration.



Governance
 

              
Chief Executive Officer:
Mr. Joseph Patuleia, Executive Director
Compensation*:
$366,106
Chair of the Board:
Mr. Victor Ganzi
Chair's Profession / Business Affiliation:
PGA Tour
Co-Chair of the Board :
Mr. Michael Geltzeiler
Chair's Profession / Business Affiliation:
Chief Financial Officer The ATD Corporation
Board Size:
50
Paid Staff Size:
175



*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.




Fund Raising
 

              
Method(s) Used:


Direct mail appeals, invitations to fund raising events, grant proposals, internet, Newsletters
Fund raising costs were 17.4% of related contributions. (Related contributions, which totaled $4,164,379, are donations received as a result of fund raising activities.)




Tax Status
 

              
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.




Financial
 

              

Source of Funds  

Investment income

$3,173,344

Contributions

2,666,365

Special events

2,238,110

New York State Office of Alcoholism and Substance Abuse Services

726,676

Income from trusts

525,103

New York City Department of Youth and Community Development

334,934

New York State CACFP / Food Program

249,483

Boys & Girls Club of America - Office of Juvenile Delinquency Program

135,000

Rental income

124,514

Miscellaneous

101,514

Camping / Program fees

73,182

Change in value of beneficial interest in trust

15,457

Membership dues

13,130

United Way of New York City

4,863

Direct cost of special events

(879,959)

Total Income

$9,501,716

Program Expenses  

Education and guidance

$4,249,421

Social and recreational

2,083,911

Physical education

1,035,175
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses

Total expenses

Income in Excess of Expenses

7,368,507
725,855
646,877

$8,741,239

$760,477




Uses of Funds as a % of Total Expenses


Programs: 84%  Fund Raising: 8%  Administrative 7% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $30,317,453
Ending net assets 31,077,930
Total liabilities 1,615,679

Total assets

$32,693,609






 

A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fundraising or promotional purposes and may not be reproduced or distributed in whole or in part.