Civic Intelligence

Bgc Philly Pacesetters Inc.

990 • Fiscal year 2020 • EIN 84-4614420

Jan 27, 2020 to Jun 30, 2020 • Filed on May 13, 2021

1518 Walnut StreetPhiladelphia, PA 19102

(215) 735-8818

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.00x

Higher debt load relative to assets than 93% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

100th percentile

5574.54x

Higher debt load relative to revenue than 100% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

1st percentile

-685%

Higher net margin than 1% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Assets

Flat

$12,182,109

Flat from 2020

Net Assets

Flat

-$14,990

Flat from 2020

Liabilities

Flat

$12,197,099

Flat from 2020

Revenue

Flat

$2,188

Flat from 2020

Expenses

Flat

$17,178

Flat from 2020

Net Income

Flat

-$14,990

Flat from 2020

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2020: $12,182,109Liabilities 2020: $12,197,099Net Assets 2020: -$14,9902020Assets 2020: $12,182,109Liabilities 2020: $12,197,099Net Assets 2020: -$14,9902020Assets 2021: $13,425,742Liabilities 2021: $13,531,446Net Assets 2021: -$105,7042021Assets 2022: $12,392,385Liabilities 2022: $12,825,960Net Assets 2022: -$433,5752022Assets 2023: $12,258,615Liabilities 2023: $12,770,205Net Assets 2023: -$511,5902023

Highlighted filing

2020

Assets$12,182,109
Liabilities$12,197,099
Net Assets-$14,990

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2020: $2,188Expenses 2020: $17,178Net Income 2020: -$14,9902020Revenue 2020: $2,188Expenses 2020: $17,178Net Income 2020: -$14,9902020Revenue 2021: $2,956Expenses 2021: $93,670Net Income 2021: -$90,7142021Revenue 2022: -$268,341Expenses 2022: $59,530Net Income 2022: -$327,8712022Revenue 2023: $435,698Expenses 2023: $513,713Net Income 2023: -$78,0152023

Highlighted filing

2020

Revenue$2,188
Expenses$17,178
Net Income-$14,990
Jump To
Filing Snapshot
Filing Period
Jan 27, 2020 to Jun 30, 2020
Signed
May 13, 2021
Return Version
2019v5.2
Gross Receipts
$2,188
Mission and Program Overview

Mission

Bgc philly pacesetters, inc. Was organized as a supporting organization to boys and girls clubs of philadelphia, inc. ("bgcp") to facilitate the renovation of the ralph j. Roberts boys & girls club facility.

Bgc philly pacesetters, inc. Was organized as a supporting organization to boys and girls club of philadelphia, inc. ("bgcp") to facilitate the renovation of the ralph j. Roberts boys & girls club facility.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$9,040,051-
Land, Buildings, and Equipment, Net$0$1,944,865▲ $1,944,865
Savings and Temporary Cash Investments-$1,187,193-
Prepaid Expenses and Deferred Charges-$10,000-
Total Assets$0$12,182,109▲ $12,182,109
Other Assets Total$0$0→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property-$9,302,702-
Other Liabilities$0$2,894,397▲ $2,894,397
Total Liabilities$0$12,197,099▲ $12,197,099
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$-14,990-
Total Net Assets Fund Balance$0$-14,990▼ $14,990
Total Liabilities and Net Assets / Fund Balance$0$12,182,109▲ $12,182,109

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,944,865-$1,944,865
Compensation and Service Providers

Board Members and Trustees

NameTitle
Bruce MckinneyChairperson
Joseph MarzielloPresident and CEO
Lisabeth MarzielloPresident and CEO
Greg WebsterDirector and Vice President
Tom HoffmanDirector
Clare McgroryDirector and Secretary
David WoolfDirector and Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$2,188
Other Revenue
$0
Change in Net Assets
$-14,990

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,188
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,188
Total Revenue per Form 990
$2,188
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$17,178
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
Fees for Services Other-$12,000-$12,000
Interest-$5,138-$5,138
Other Expenses-$40-$40
Total Functional Expenses$0$17,178$0$17,178

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$17,178
Total Expenses per Audited Statements$17,178
Total Expenses per Form 990$17,178
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Boys & Girls Club of Philadelphia, Inc.$2,894,397
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

Form 990, Part VI, Section A, Line 2

Joseph marziello, president-ceo, and lisabeth marziello, president-ceo, are married to each other.

Form 990, Part VI, Section A, Line 7A

Directors other than the "independent directors" (the "bgcp directors") shall be members of the board of directors of the supported organization. The initial bgcp directors and successors shall be appointed from time to time by the bgcp board. At all times, a majority of the directors shall be "independent directors."

Form 990, Part VI, Section B, Line 11B

The officers of the board and the treasurer review the form 990 prior to submission and forward to finance committee. A final copy is then made available, if requested, to the board of governors as submitted.

Form 990, Part VI, Section B, Line 12C

Annually each member of management and the board is requested to complete a statement disclosing all potential conflicts. The responses shall be forwarded to the board chair who shall review and act on any conflict of interest which may be reported and report the matter to the board which will review such report and vote on the action which should be taken in the absence of any board member who may be implicated in such alleged conflict of interest.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Bgc Philly Pacesetters Inc
EIN
84-4614420
Phone
2157358818
Address
1518 WALNUT STREET, PHILADELPHIA, PA 19102

Signing Officer

Name
Joseph Marziello
Title
Co-CEO
Phone
2157358818
Signed
2021-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Marziello
Formed
2020
Legal Domicile
Pa
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Cbiz Mhm LLC
Address
500 BOYLSTON STREET, BOSTON, MA 02116
Preparer
Craig Klein
Phone
6177610600
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Professional service: program service expenses 0. Management and general expenses 12,000. Fundraising expenses 0. Total expenses 12,000.

Financial Statement Notes

PART X, LINE 2:

Bgc philly pacesetters, inc. Is recognized as exempt from federal income taxes under section 501(c)(3) of the internal revenue code, as amended, and from state income taxes under the not-for-profit corporation laws of the commonwealth of pennsylvania. Accordingly, no provision for income taxes for bgc philly pacesetters, inc. Has been provided. Bgc philly pacesetters, inc. Has identified its tax status, as a tax-exempt entity, as a tax position. Bgc philly pacesetters, inc. Has determined that such tax position does not result in an uncertainty requiring recognition. Bgc philly pacesetters, inc. Is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/TotalRevenuePerForm990Amt02188
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02188
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt017178
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JOSEPH MARZIELLO, PRESIDENT-CEO, AND LISABETH MARZIELLO, PRESIDENT-CEO, ARE MARRIED TO EACH OTHER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DIRECTORS OTHER THAN THE "INDEPENDENT DIRECTORS" (THE "BGCP DIRECTORS") SHALL BE MEMBERS OF THE BOARD OF DIRECTORS OF THE SUPPORTED ORGANIZATION. THE INITIAL BGCP DIRECTORS AND SUCCESSORS SHALL BE APPOINTED FROM TIME TO TIME BY THE BGCP BOARD. AT ALL TIMES, A MAJORITY OF THE DIRECTORS SHALL BE "INDEPENDENT DIRECTORS."
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE OFFICERS OF THE BOARD AND THE TREASURER REVIEW THE FORM 990 PRIOR TO SUBMISSION AND FORWARD TO FINANCE COMMITTEE. A FINAL COPY IS THEN MADE AVAILABLE, IF REQUESTED, TO THE BOARD OF GOVERNORS AS SUBMITTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANNUALLY EACH MEMBER OF MANAGEMENT AND THE BOARD IS REQUESTED TO COMPLETE A STATEMENT DISCLOSING ALL POTENTIAL CONFLICTS. THE RESPONSES SHALL BE FORWARDED TO THE BOARD CHAIR WHO SHALL REVIEW AND ACT ON ANY CONFLICT OF INTEREST WHICH MAY BE REPORTED AND REPORT THE MATTER TO THE BOARD WHICH WILL REVIEW SUCH REPORT AND VOTE ON THE ACTION WHICH SHOULD BE TAKEN IN THE ABSENCE OF ANY BOARD MEMBER WHO MAY BE IMPLICATED IN SUCH ALLEGED CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PROFESSIONAL SERVICE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 12,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,000.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0BOYS & GIRLS CLUB OF PHILADELPHIA INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0231966756
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0PA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0YOUTH DEVELOPMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01518 WALNUT STREET SUITE 712
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0PHILADELPHIA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0PA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd019102
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd01
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0PA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsEOYAmt012182109
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt012182109
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt017178
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt017178
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt012197099
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt012197099
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-14990
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt02188
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02188
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt012182109
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01518 WALNUT STREET 7TH FLOOR
IRS990/USAddress/CityNm0PHILADELPHIA
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd019102
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOSEPH MARZIELLO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CO-CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum02157358818
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BGC PHILLY PACESETTERS INC
ReturnHeader/Filer/BusinessNameControlTxt0BGCP
ReturnHeader/Filer/EIN0844614420
ReturnHeader/Filer/PhoneNum02157358818
ReturnHeader/Filer/USAddress/AddressLine1Txt01518 WALNUT STREET
ReturnHeader/Filer/USAddress/CityNm0PHILADELPHIA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd019102
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0263753134
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CBIZ MHM LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0500 BOYLSTON STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BOSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002116
ReturnHeader/PreparerPersonGrp/PhoneNum06177610600
ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CRAIG KLEIN
ReturnHeader/ReturnTs02021-05-14T10:31:42-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02020-01-27
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

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