Civic Intelligence

Bgccf Nmtc Inc.

990 • Fiscal year 2022 • EIN 84-3836126

Jul 01, 2021 to Jun 30, 2022 • Filed on Apr 13, 2023

101 E Colonial DriveOrlando, FL 32801

(407) 841-6855

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

89th percentile

0.84x

Higher debt load relative to assets than 89% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

99th percentile

66.14x

Higher debt load relative to revenue than 99% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

2nd percentile

-204%

Higher net margin than 2% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

86th percentile

$380,599

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 206.8% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

40th percentile

-2.3%

Faster asset growth than 40% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

6th percentile

-52%

Faster revenue growth than 6% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Assets

Down

$14,418,777

Down $346,676 (-2.3%) from 2021

Net Assets

Down

$2,249,149

Down $374,785 (-14%) from 2021

Liabilities

Up

$12,169,628

Up $28,109 (+0.2%) from 2021

Revenue

Down

$184,000

Down $201,875 (-52%) from 2021

Expenses

Up

$558,785

Up $91,677 (+20%) from 2021

Net Income

Down

-$374,785

Down $293,552 (-361%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2020: $15,666,269Liabilities 2020: $12,961,102Net Assets 2020: $2,705,1672020Assets 2021: $14,765,453Liabilities 2021: $12,141,519Net Assets 2021: $2,623,9342021Assets 2022: $14,418,777Liabilities 2022: $12,169,628Net Assets 2022: $2,249,1492022Assets 2023: $14,072,298Liabilities 2023: $12,193,822Net Assets 2023: $1,878,4762023Assets 2024: $13,725,717Liabilities 2024: $12,229,889Net Assets 2024: $1,495,8282024

Highlighted filing

2022

Assets$14,418,777
Liabilities$12,169,628
Net Assets$2,249,149

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0M-$4.0MRevenue 2020: $18,542Expenses 2020: $3,074,226Net Income 2020: -$3,055,6842020Revenue 2021: $385,875Expenses 2021: $467,108Net Income 2021: -$81,2332021Revenue 2022: $184,000Expenses 2022: $558,785Net Income 2022: -$374,7852022Revenue 2023: $194,876Expenses 2023: $565,549Net Income 2023: -$370,6732023Revenue 2024: $184,000Expenses 2024: $566,648Net Income 2024: -$382,6482024

Highlighted filing

2022

Revenue$184,000
Expenses$558,785
Net Income-$374,785
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Apr 13, 2023
Return Version
2021v4.2
Gross Receipts
$184,000
Mission and Program Overview

Mission

To help facilitate the new market tax credits financing that will allow the boys & girls clubs of central florida, inc. To fund the construction of jacqueline bradley clarence otis family boys & girls club and the expansion of the joe r. Lee club.

SEE PART III, LINE 1.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$13,585,534$13,238,721▼ $346,813
Cash and Non-Interest-Bearing Accounts$421,917$434,773▲ $12,856
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$14,765,453$14,418,777▼ $346,676
Other Assets Total$758,002$745,283▼ $12,719
Liabilities
Mortgage Notes Payable Secured by Investment Property$12,099,072$12,121,036▲ $21,964
Accounts Payable and Accrued Expenses$42,447$48,592▲ $6,145
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$12,141,519$12,169,628▲ $28,109
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,865,932$1,503,866▼ $362,066
Net Assets With Donor Restrictions$758,002$745,283▼ $12,719
Total Net Assets Fund Balance$2,623,934$2,249,149▼ $374,785
Total Liabilities and Net Assets / Fund Balance$14,765,453$14,418,777▼ $346,676

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$13,238,721$633,773$13,872,494
Other Assets Org$745,283--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Vivek DesaiChair
Denise HammondChair Elect
Gary CainPresident/CEO
Adrienne MccrayBoard Member
Horace DawsonBoard Member
Michael RyanBoard Member
Steven RuoffBoard Member
Seksit NiltubCFO
Richard CieslakTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Brasfield Gorrie LLCGeneral Contractors941 W Morse Boulevard Suite 200, Winter Park, FL 32789$1,819,997
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$184,000
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-374,785

Audited Revenue Reconciliation

Revenue per Audited Statements
$184,000
Total Revenue per Audited Statements
$184,000
Total Revenue per Form 990
$184,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$558,785
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$359,532--$359,532
Interest-$125,055-$125,055
Fees for Services Other-$68,054-$68,054
Fees for Services Accounting-$5,475-$5,475
Other Expenses$0$669$0$669
Total Functional Expenses$359,532$199,253$0$558,785

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$558,785
Total Expenses per Audited Statements$558,785
Total Expenses per Form 990$558,785
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

PART VI, SECTION A, LINE 6:

The sole member of the corporation is boys & girls clubs of central florida, inc. (bgccf).

PART VI, SECTION A, LINE 7:

Pursuant to article v, section 5.02 of the company's bylaws, a majority of the board of directors for the company shall always be appointed by bgccf. The company will provide bgccf with copies of its annual form 990, its governing documents, and any such other information which bgccf may reasonably request.

PART VI, SECTION B, LINE 11B:

The audit committee reviews form 990, then the organization sends a complete copy to the entire board before the 990 is filed.

PART VI, SECTION B, LINE 12C:

The cfo monitors all contracts, new & existing, and is familiar with the businesses of the board of directors. The cfo also reviews the vendor list on an annual basis to identify potential conflicts of interest with board members. The president makes the board aware of transactions being considered in advance to maintain transparency. The cfo reviews all 1099 forms each year as an extra check for potential conflicts of interest.

PART VI, SECTION B, LINE 15A AND 15B:

The vice president of human resources provides the board chair with salary surveys from boys & girls clubs of america along with salary surveys of other local non profits. The chair works with the executive committee to make salary & bonus decisions for the president.

PART VI, SECTION C, LINE 19:

Documents are available to the public through charity navigator and the state of florida.

Filing and Contact Details

Filer

Filer Name
Bgccf Nmtc Inc
EIN
84-3836126
In Care Of
% GARY W CAIN PRESIDENT/CEO
Phone
4078416855
Address
101 E COLONIAL DRIVE, ORLANDO, FL 32801

Signing Officer

Name
Gary Cain
Title
President/CEO
Phone
4078416930
Signed
2023-04-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gary Cain
Formed
2019
Legal Domicile
Fl
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Bdo USA Llp
Address
450 S Orange Ave Suite 550, Orlando, FL 32801
Preparer
Jacob Cook
Phone
4078416930
Supplemental Narrative

Financial Statement Notes

SCHEDULE D, PART X, LINE 2:

The organization identifies and evaluates uncertain tax positions, if any, and recognizes the impact of uncertain tax positions for which there is a less than more-likely-than-not probability of the position being upheld when reviewed by the relevant taxing authority. Such positions are deemed to be unrecognized tax benefits and a corresponding liability is established on the statement of financial position. The organization has not recognized a liability for uncertain tax positions. If there were an unrecognized tax benefit, the organization would recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses. The organization's tax years currently subject to examination by the internal revenue service generally remain open for three years from the date of filing.

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IRS990/OtherAssetsTotalGrp/EOYAmt0745283
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0BOYS & GIRLS CLUBS OF CENTRAL FLORIDA INC
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IRS990ScheduleA/SupportingOrgType1Ind0X
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CONTRIBUTED USE OF LAND
IRS990ScheduleD/RevenueSubtotalAmt0184000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IDENTIFIES AND EVALUATES UNCERTAIN TAX POSITIONS, IF ANY, AND RECOGNIZES THE IMPACT OF UNCERTAIN TAX POSITIONS FOR WHICH THERE IS A LESS THAN MORE-LIKELY-THAN-NOT PROBABILITY OF THE POSITION BEING UPHELD WHEN REVIEWED BY THE RELEVANT TAXING AUTHORITY. SUCH POSITIONS ARE DEEMED TO BE UNRECOGNIZED TAX BENEFITS AND A CORRESPONDING LIABILITY IS ESTABLISHED ON THE STATEMENT OF FINANCIAL POSITION. THE ORGANIZATION HAS NOT RECOGNIZED A LIABILITY FOR UNCERTAIN TAX POSITIONS. IF THERE WERE AN UNRECOGNIZED TAX BENEFIT, THE ORGANIZATION WOULD RECOGNIZE INTEREST ACCRUED RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. THE ORGANIZATION'S TAX YEARS CURRENTLY SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE GENERALLY REMAIN OPEN FOR THREE YEARS FROM THE DATE OF FILING.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PART X, LINE 2:
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt0745283
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IRS990ScheduleD/TotalLiabilityAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt020300
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt03810

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