Overview
What is Bgccf Nmtc Inc?
Bgccf Nmtc Inc is a nonprofit organization situated in Orlando, Florida, specifically at 101 E Colonial Drive. Their primary mission is to aid in the facilitation of New Market Tax Credits financing. This financing will enable the Boys & Girls Clubs of Central Florida, Inc. to construct the Jacqueline Bradley Clarence Otis Family Boys & Girls Club and expand the Joe R. Lee Club. By doing so, the organization contributes to the betterment and development of the community by providing essential facilities for children and young adults.
Official website here: www.bgccf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Stars)
Bgccf Nmtc Inc has received a Two-Star rating from Charity Navigator, indicating an average level of accountability and finance management. The organization scores well in areas such as having a fully independent board and maintaining necessary policies like conflict of interest and whistleblower protections. However, the absence of posted board meeting minutes and missing tax documents on its website have negatively impacted its rating.
Strengths of the organization include a strong governance structure with 100% independent board members and no reported material diversion of assets. Additionally, the charity has a decent program expense ratio of 60.26%, suggesting that a significant portion of its funding goes directly to its mission-related activities.
Despite these strengths, the liabilities to assets ratio of 86.65% raises concerns about the organization’s financial health. This high ratio indicates potential difficulties in meeting obligations, which is a significant factor in assessing the overall sustainability of the nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Bgccf Nmtc Inc legitimate?
Bgccf Nmtc Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bgccf Nmtc 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.bgccf.org
What is the mission statement of Bgccf Nmtc Inc?
Bgccf Nmtc Inc's mission is to facilitate the acquisition of New Market Tax Credits, a financial tool. This facilitation enables the Boys & Girls Clubs of Central Florida, Inc. to finance the construction of the Jacqueline Bradley Clarence Otis Family Boys & Girls Club and expand the Joe R. Lee Club. By doing so, Bgccf Nmtc Inc contributes to the creation of additional facilities for the Boys & Girls Clubs of Central Florida, thereby providing more opportunities and resources for youth in the community.
Official website here: www.bgccf.org
Who is the CEO of Bgccf Nmtc Inc?
Gary Cain is the President/Ceo of Bgccf Nmtc Inc. The CEO's salary of Bgccf Nmtc Inc is $0 and their total compensation is $380,599.
Official website here: www.bgccf.org
What is the revenue of Bgccf Nmtc Inc?
Bgccf Nmtc Inc's revenue in 2022 was $184,000.
Official website here: www.bgccf.org
Who are the executives of Bgccf Nmtc Inc and what are their salaries?
There 7 volunteers at Bgccf Nmtc Inc.
Here are 9 key members and their salaries (Bgccf Nmtc Inc's CEO's salary is $0 and their total compensation is $380,599):
- Compensation: $0
- Related: $352,768
- Other: $27,831
- Compensation: $0
- Related: $142,486
- Other: $17,825
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.bgccf.org
Where can I find the form 990 for Bgccf Nmtc Inc?
Bgccf Nmtc Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bgccf.org
Learn more at the official website: www.bgccf.org
Mission Statement of Bgccf Nmtc Inc
Bgccf Nmtc Inc, short for Boys & Girls Clubs of Central Florida NMTC Inc, is dedicated to facilitating the New Market Tax Credits financing. This financing is crucial for the Boys & Girls Clubs of Central Florida, Inc., enabling them to construct the Jacqueline Bradley Clarence Otis Family Boys & Girls Club and expand the Joe R. Lee Club. The goal of Bgccf Nmtc Inc is to provide the financial means for these developments, thereby expanding the reach and resources of the Boys & Girls Clubs of Central Florida, Inc., and ultimately benefiting the children and communities they serve.
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Impact
October, 2024
Bgccf Nmtc Inc plays a crucial role in facilitating New Market Tax Credits financing, which is essential for the development and expansion of critical community resources in Central Florida. Specifically, the organization supports the construction of the Jacqueline Bradley Clarence Otis Family Boys & Girls Club and the expansion of the Joe R. Lee Club.
This financing enables the Boys & Girls Clubs of Central Florida to enhance their facilities, providing a safe and nurturing environment for local youth. The impact extends beyond the physical infrastructure; it fosters community engagement, supports educational programs, and promotes youth development. By facilitating these projects, Bgccf Nmtc Inc contributes significantly to the well-being and future opportunities for children in the Orlando area, ensuring that they have access to quality programs and support systems that can help them thrive.
This information is meant to be a general summary of Bgccf Nmtc 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.
- Program Service Revenue: $184,000
- Gross Receipts: $184,000
Assets and Liabilities:
- Total Assets: $14,418,777
- Total Liabilities: $12,169,628
- Net Assets: $2,249,149
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$184,000
Organization Details
Founding Year
2019
Phone
(407) 841-6855Principal Officer
Gary Cain
Main Address
101 E COLONIAL DRIVE, ORLANDO, FL, 32801
Website
www.bgccf.orgNTEE Category
Code: T11 - Philanthropy
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