Legacy of Leadership - Boys and Girls Clubs of Boston
Legacy of Leadership - Boys and Girls Clubs of Boston
Legacy of Leadership - Boys and Girls Clubs of Boston
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
statement OF aCtIVItIes (unrestrICted net assets Only)<br />
JunE 30, 2010 AnD 2009<br />
2010 2009<br />
Operating revenues<br />
united Way contributions $ 724,247 $ 840,368<br />
Contributions <strong>and</strong> benefits 5,851,867 5,217,374<br />
Grants from governmental agencies 862,540 1,223,279<br />
Investment income on long-term investments designated by the<br />
Board for operations 672,808 174,095<br />
Parent fees, vouchers, member dues, <strong>and</strong> club camp fees 812,990 777,098<br />
Gifts in Kind 214,721 219,248<br />
Service <strong>and</strong> other income 1,635,857 1,328,008<br />
net assets released from restrictions 4,174,108 5,168,865<br />
Total operating revenues 14,949,138 14,948,335<br />
Operating expenses<br />
Programs<br />
Arts 410,474 467,283<br />
Education 632,406 548,781<br />
<strong>Leadership</strong> <strong>and</strong> character development 204,438 222,437<br />
Life skills 1,052,685 1,030,674<br />
Sports, fitness, recreation 835,746 881,872<br />
Technology 513,171 477,673<br />
Summer programs 281,868 401,250<br />
School age child care 314,450 289,400<br />
Member services 486,606 487,132<br />
YouthConnect 846,458 955,151<br />
Shared space sites <strong>and</strong> Camp Harbor View 1,687,589 1,401,127<br />
Facility maintenance, insurance <strong>and</strong> utilities 1,484,888 1,753,813<br />
Program management <strong>and</strong> administration 1,587,149 1,382,542<br />
Program development <strong>and</strong> staff support 786,723 588,893<br />
Total program expenses 11,124,651 10,888,028<br />
Management <strong>and</strong> general 1,372,531 1,400,328<br />
Fundraising 2,039,880 2,259,612<br />
Total operating expenses 14,537,062 14,547,968<br />
Income from operations before depreciation 412,076 400,367<br />
Depreciation expense 1,636,489 1,657,246<br />
Loss from operations (1,224,413) (1,256,879)<br />
non operating activity:<br />
net assets released from restriction (capital expenditures) 14,892 46,473<br />
Investment income on long-term investments designated by the<br />
Board for operations (672,808) (174,095)<br />
Interest <strong>and</strong> dividend income 189,842 86,131<br />
Investment expense (30,294) (59,673)<br />
net realized gains on investments 835 84,915<br />
net unrealized gains (losses) on investments 1,451,250 (2,883,933)<br />
Comprehensive campaign expenses – (52,526)<br />
Pension liability adjustment (721,076) (909,931)<br />
non-operating gains (losses) 232,641 (3,862,639)<br />
Change in unrestricted net assets $ (991,772) $ (5,119,518)<br />
Total unrestricted net Assets $ 30,210,564 $ 31,202,336<br />
pAGE 44 | BOyS & GIrlS ClUBS OF BOSTOn | 2010 AnnUAl rEpOrT
Change language