Overview
What is Friends Of Boys & Girls Clubs Of Toledo?
Friends of Boys & Girls Clubs of Toledo is a dedicated fundraising organization based in Toledo, Ohio. Their primary goal is to support the Boys & Girls Clubs of Toledo and the Toledo Newsboys' Association, two nonprofit entities committed to empowering young people, particularly those in need. The organization's efforts culminate annually in a Christmas party, which brings together volunteers and youth from their four clubs for a festive evening of holiday celebration. In 2022, nearly 730 youth participated in this event, marking a significant gathering. Friends of Boys & Girls Clubs of Toledo contributes financially to these organizations, helping them fulfill their mission of enabling young people to reach their full potential as responsible, caring, and productive citizens.
Official website here: www.bgctoledo.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56% (One-Star out of Four Stars)
Friends Of Boys & Girls Clubs Of Toledo has received a low rating of 56%, indicating significant areas of concern in its accountability and financial management. While the organization excels in having a fully independent board and maintaining robust oversight with an audit and oversight committee, its overall financial health presents red flags, particularly its low program expense ratio of 4.44%, suggesting inadequate funding directed towards programs.
The organization demonstrates strong governance practices, including a conflict of interest policy and a whistleblower policy, both of which are critical for transparency and ethical management. However, the lack of a posted tax form on the nonprofit's website raises questions about transparency and accessibility of financial information to the public. Additionally, the liabilities to assets ratio of 0.23% is concerning, indicating potential financial instability.
Overall, while Friends Of Boys & Girls Clubs Of Toledo has some strengths in governance and compliance, the low program expense ratio and absence of key financial documents limit its effectiveness and transparency as a nonprofit organization. Prospective donors and supporters should consider these factors carefully before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Boys & Girls Clubs Of Toledo legitimate?
Friends Of Boys & Girls Clubs Of Toledo is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Boys & Girls Clubs Of Toledo submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $117,002
For more financial information, click here
Official website here: www.bgctoledo.org
What is the mission statement of Friends Of Boys & Girls Clubs Of Toledo?
The mission of Friends of Boys & Girls Clubs of Toledo is centered around fundraising. The funds raised are directed towards Boys & Girls Clubs of Toledo and the Toledo Newsboys' Association, both being non-profit organizations. These entities are committed to empowering all young people, particularly those who require additional support, to achieve their full potential as responsible, caring, and productive citizens. The goal is to help them grow into well-rounded individuals, capable of making positive contributions to society.
Official website here: www.bgctoledo.org
Who is the CEO of Friends Of Boys & Girls Clubs Of Toledo?
James Ravas is the Trustee of Friends Of Boys & Girls Clubs Of Toledo.
Official website here: www.bgctoledo.org
What is the revenue of Friends Of Boys & Girls Clubs Of Toledo?
Friends Of Boys & Girls Clubs Of Toledo's revenue in 2022 was $2,977,478.
Official website here: www.bgctoledo.org
Who are the executives of Friends Of Boys & Girls Clubs Of Toledo and what are their salaries?
There 150 volunteers at Friends Of Boys & Girls Clubs Of Toledo.
Here are 20 key members and their salaries:
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Official website here: www.bgctoledo.org
Where can I find the form 990 for Friends Of Boys & Girls Clubs Of Toledo?
Friends Of Boys & Girls Clubs Of Toledo's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bgctoledo.org
Learn more at the official website: www.bgctoledo.org
Mission Statement of Friends Of Boys & Girls Clubs Of Toledo
Friends of Boys & Girls Clubs of Toledo is an organization dedicated to fundraising with a noble cause. The funds raised through various initiatives are channeled towards Boys & Girls Clubs of Toledo and the Toledo Newsboys' Association. These two entities share a common mission: enabling all young people, particularly those who require support the most, to realize their full potential as responsible, caring, and productive citizens. By providing resources and opportunities, Friends of Boys & Girls Clubs of Toledo strives to empower these young individuals to lead fulfilling lives and contribute positively to their communities.
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Impact
October, 2024
Friends Of Boys & Girls Clubs Of Toledo significantly impacts the community by supporting the development and well-being of local youth. Through organized fundraising efforts, resources are directed towards the Boys & Girls Clubs of Toledo and the Toledo Newsboys' Association, both of which focus on empowering young people, especially those in vulnerable situations, to achieve their full potential as productive and responsible citizens.
One notable event, the annual Christmas Party, has been a cherished tradition since 1892. This event fosters community engagement by bringing together volunteers and youth, providing an evening of joy and celebration. In 2022, nearly 730 young individuals participated, reinforcing the organization's commitment to creating memorable experiences and strengthening community ties.
By emphasizing youth development, this initiative fosters an environment that nurtures caring, responsible, and capable members of society, ultimately contributing to a brighter future for Toledo.
This information is meant to be a general summary of Friends Of Boys & Girls Clubs Of Toledo. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $3,112,340
Assets and Liabilities:
- Total Assets: $3,920,808
- Total Liabilities: $9,399
- Net Assets: $3,911,409
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Organization Details
Founding Year
1989
Phone
(419) 241-4258Principal Officer
James Ravas
Main Address
2250 N DETROIT AVE, TOLEDO, OH, 43606
Website
www.bgctoledo.orgNTEE Category
Code: O23I - Youth development
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