You are now searching

   

New York BBB Wise Giving Report for
Kips Bay Boys and Girls Club

A BBB Accredited charity

 



Expiration Date:
08/2014
Name:
Kips Bay Boys and Girls Club
Address:
1930 Randall Avenue
Bronx, NY 10473
Phone:
718-893-8600
Web Site:
Year, State Incorporated:
1922, New York
Affiliates:
None
Stated Purpose:
" Improves and enhances the quality of life for all young people, ages 6 to 18, with special emphasis on those who need the services of the club the most. "





Evaluation Conclusions
 

              
Kips Bay Boys and Girls Club meets the 20 Standards for Charity Accountability.




Programs
 

              
Kips Bay Boys and Girls Club provides programs that encourage activities with adults, peers, and family members that enable kids to enhance their self-esteem and fulfill their potential. The organization's programs include Education and Career Development, where young people are taught the basic educational disciplines and their everyday application, and Healthy and Life Skills, which nurtures each child's well-being and encourages goal-setting and skill development. Kips Bay also enables young people to expand their creativity and cultural awareness through performance art activities, in addition to developing fitness routines and the positive use of leisure time through various recreational events.



Governance
 

              
Chief Executive Officer:
Daniel Quintero, Executive Director
Compensation*:
$488,249
Chair of the Board:
James Druckman
Chair's Profession / Business Affiliation:
President
Board Size:
24
Paid Staff Size:
245



*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
Fund raising costs were 31.4% of related contributions. (Related contributions, which totaled $3,565,174, 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
 

              
The following information is based on Kips Bay Boys & Girls Clubs' Audited Financial Statements for the fiscal year ended September 30, 2011.

Source of Funds  

Government support

$2,659,553

Special events

2,254,483

Foundations

858,000

Realized gain on investments

421,880

Camp fees and other support

408,545

Individuals

333,299

Interest and dividends

293,451

Corporate support

119,392

Rental income

97,972

Camp contributions

59,607

Miscellaneous

9,302

Membership dues

6,530

Unrealized loss on investments

(1,210,030)

Total Income

$6,311,984

Program Expenses  

Education and club services

$4,587,893

Fitness and health

519,261

Senior center

336,763

Camp

317,816

Social recreation

316,132

Cultural arts

300,315
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses

Total expenses

Expenses in Excess of Income

6,378,180
1,119,146
1,136,515

$8,633,841

$(2,321,857)




Uses of Funds as a % of Total Expenses


Programs: 74%  Fund Raising: 13%  Administrative 13% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $30,405,340
2,537,429
Ending net assets 30,620,912
Total liabilities 645,685

Total assets

$31,266,597


Total change in net assets is $215,572 after adding in construction revenue grant of $2,537.429.



 

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.