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
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FInanCIal nOtes suPPlemental tO audIted FInanCIal statements<br />
(unaudIted)<br />
We are grateful to the united Way <strong>of</strong> Massachusetts Bay <strong>and</strong> Merrimack Valley for its significant annual support, which brings important<br />
recognition to the effectiveness <strong>of</strong> our strategic approach to youth development.<br />
As a result <strong>of</strong> new gifts <strong>and</strong> positive investment performance, funds functioning as endowment totaled $24 million at June 30, 2010, <strong>and</strong> help<br />
sustain operations to a growing degree.<br />
Government funds account for 6% <strong>and</strong> membership fees for just 5% <strong>of</strong> BGCB operating revenue. The balance <strong>of</strong> our budget must be raised each<br />
year. Private donor support is an integral part <strong>of</strong> our continued success on behalf <strong>of</strong> the youth we serve.<br />
In a tight economy, we maintained our focus in utilizing resources for programming that directly impacts children <strong>and</strong> teens. Because <strong>of</strong> these<br />
efforts, BGCB was able to continue to serve 14,000 youth in <strong>Boston</strong> <strong>and</strong> Chelsea through consistent <strong>and</strong> effective programs.<br />
The audited financial statements include footnote disclosures, which are an integral part <strong>of</strong> the statements. To review the complete financial<br />
statements, please visit http://www.bgcb.org, <strong>and</strong> click on “About us” <strong>and</strong> “Annual Reports.”<br />
Operating revenues<br />
Fy2010<br />
67% Contributions & Releases<br />
11% Other income<br />
6% Government funds<br />
5% Parent/member fees<br />
5% united Way<br />
5% Investment income<br />
1% Gifts in Kind<br />
Operating expenses<br />
Fy2010<br />
7 9% Programs<br />
13% Fundraising<br />
8% Management <strong>and</strong> general<br />
2010 2009<br />
2010 2009<br />
Fy2009<br />
Fy2009<br />
69% Contributions & Releases<br />
9% Other income<br />
8% Government funds<br />
5% Parent/member fees<br />
6% united Way<br />
1% Investment income<br />
2% Gifts in Kind<br />
77% Programs<br />
14% Fundraising<br />
9% Management <strong>and</strong> general<br />
BOyS & GIrlS ClUBS OF BOSTOn | 2010 AnnUAl rEpOrT | pAGE 45
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