Overview
What is Friends Of The Boys And Girls Club Of Lynn Inc?
Friends of the Boys and Girls Club of Lynn Inc. is a nonprofit organization situated in Lynn, Massachusetts, specifically at 25 North Common Street. Their primary goal is to acquire, finance, and develop property, all with the intention of supporting the mission of the Boys & Girls Club of Lynn. This mission entails empowering children and teenagers in the community through various programs and activities, fostering their personal growth, and promoting a positive environment. By investing in property development, Friends of the Boys and Girls Club of Lynn Inc. aims to contribute to the club's ongoing success and ability to serve its members effectively.
Official website here: www.bgcl.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (61%)
Friends Of The Boys And Girls Club Of Lynn Inc has received a two-star rating, indicating that there are notable areas for improvement in its accountability and finance practices. While the organization has a strong score for having a majority independent board and no material diversion of assets, it lacks essential policies such as a conflict of interest policy, a whistleblower policy, and a document retention policy. These shortcomings suggest a need for better governance practices to enhance transparency and accountability.
The organization demonstrates a commendable program expense ratio of 100%, meaning that all of its expenses are directed toward programs, which is a positive indicator of its commitment to its mission. However, its liabilities to assets ratio stands at 80.13%, raising concerns about financial stability. This high ratio suggests that a significant portion of the organization's assets is tied up in liabilities, which could affect its long-term sustainability.
In terms of information accessibility, the nonprofit has not posted its tax form on its website, which is an important aspect of transparency. The absence of certain documented policies and practices may impact donor confidence. Overall, while Friends Of The Boys And Girls Club Of Lynn Inc is effectively utilizing its funds for programs, it must address its governance and financial practices to improve its rating and credibility in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Friends Of The Boys And Girls Club Of Lynn Inc?
96% of 6 reviewers on Facebook recommend Friends of the Boys and Girls Club of Lynn Inc. Here's a summary of their insights:
The organization is highly praised for its dedicated and caring staff. Reviewers consistently highlight the fun environment created by the team, noting the positive impact it has on the youth they serve. There is a strong sense of appreciation for the role the staff plays in fostering a nurturing and enjoyable atmosphere for children and teens.
Overall, the sentiment indicates a high level of satisfaction with the services offered, emphasizing the nonprofit's commitment to making a difference in the community through its programs and initiatives.
This AI summary has been generated from reviews found on Facebook.
Is Friends Of The Boys And Girls Club Of Lynn Inc legitimate?
Friends Of The Boys And Girls Club Of Lynn Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of The Boys And Girls Club Of Lynn Inc 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: $0
For more financial information, click here
Official website here: www.bgcl.org
What is the mission statement of Friends Of The Boys And Girls Club Of Lynn Inc?
The mission of Friends Of The Boys And Girls Club Of Lynn Inc is focused on acquiring, financing, and developing property to aid in the fulfillment of the Boys & Girls Club of Lynn's mission. This non-profit organization is dedicated to providing essential support for this community-based organization, thereby contributing to its overall objectives and goals. By acquiring and developing property, Friends Of The Boys And Girls Club Of Lynn Inc contributes to the provision of a conducive environment for the Boys & Girls Club of Lynn to carry out its activities and fulfill its mission.
Official website here: www.bgcl.org
Who is the CEO of Friends Of The Boys And Girls Club Of Lynn Inc?
Brian Theirrien is the President of Friends Of The Boys And Girls Club Of Lynn Inc.
Official website here: www.bgcl.org
What is the revenue of Friends Of The Boys And Girls Club Of Lynn Inc?
Friends Of The Boys And Girls Club Of Lynn Inc's revenue in 2022 was $35,102.
Official website here: www.bgcl.org
Who are the executives of Friends Of The Boys And Girls Club Of Lynn Inc and what are their salaries?
Here are 5 key members and their salaries:
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Official website here: www.bgcl.org
Where can I find the form 990 for Friends Of The Boys And Girls Club Of Lynn Inc?
Friends Of The Boys And Girls Club Of Lynn Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bgcl.org
Learn more at the official website: www.bgcl.org
Mission Statement of Friends Of The Boys And Girls Club Of Lynn Inc
Friends of the Boys and Girls Club of Lynn Inc is an organization committed to supporting the mission of the Boys & Girls Club of Lynn. Their primary goal is to acquire, finance, and develop property to further this mission. By undertaking these activities, they aim to contribute to the well-being and growth of the Boys & Girls Club of Lynn, ultimately benefiting the children and youth it serves. Through their efforts, Friends of the Boys and Girls Club of Lynn Inc plays a crucial role in ensuring that the Boys & Girls Club of Lynn has the necessary resources to fulfill its mission and make a positive impact in the lives of its members.
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Impact
October, 2024
Friends Of The Boys And Girls Club Of Lynn Inc plays a crucial role in enhancing the lives of young people in Lynn, Massachusetts, by acquiring, financing, and developing properties that support the mission of the Boys & Girls Club of Lynn. Their efforts create a supportive environment where youth can engage in positive activities, build essential life skills, and foster personal growth. By focusing on property development and financial support, they ensure that the Club has the necessary resources to provide vital programs focused on youth development, ultimately empowering the next generation and contributing to a healthier, more vibrant community.
This information is meant to be a general summary of Friends Of The Boys And Girls Club Of Lynn Inc. 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.
- Investment Income: $102
- Program Service Revenue: $35,000
- Gross Receipts: $35,102
Assets and Liabilities:
- Total Assets: $6,146,234
- Total Liabilities: $4,925,297
- Net Assets: $1,220,937
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$35,000
Organization Details
Founding Year
2019
Phone
(781) 593-1772Principal Officer
Brian Theirrien
Main Address
25 NORTH COMMON STREET, LYNN, MA, 01902
Website
www.bgcl.orgNTEE Category
Code: O11 - Youth development
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