Bgc Philly Pacesetters Inc

Nonprofit profile at a glance

EIN
844614420
IRS 990 coverage
2019–2024
Forms available
Form 990 2024
Location
Philadelphia, PA, USA
Phone
2157358818
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Support N.E.C.

Reported finances

Revenue
$435,699
Expenses
$752,900
Assets
$11,543,907
Liabilities
$12,641,655

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • GREG WEBSTER (DIRECTOR AND VICE PRESIDENT)
  • JOSEPH MARZIELLO (PRESIDENT AND CEO)
  • LISABETH MARZIELLO (PRESIDENT AND CEO)

Highest reported compensation

  • JOSEPH MARZIELLO (PRESIDENT AND CEO): $292,211 total reported compensation
  • LISABETH MARZIELLO (PRESIDENT AND CEO): $287,908 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Bcg 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.

What it reported doing in 2024

Bcg philly pacesetters, inc. Was organized as a supporting organization to boys and girls clubs of philadelphia ("bgcp") to facilitate the renovation of the ralph j. Roberts boys & girls club facility (referred to as the "facility or the "germantown club"). Both the boards of bgcp and bcg philly pacesetters approved resolutions concerning the financing and related transactions. As a supporting organization to bgcp, bcg philly pacesetters' activities will involve facilitating and helping to fund the renovation of the facility and leasing the renovated facility back to bgcp.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 60
  • Accountability: 90
  • Sustainability: 32
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 92.7%; rating input score 93
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -72.8%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 15.33; rating input score 93; 93rd percentile among comparable filings
  • Liabilities to assets ratio: 1.1; rating input score 4; 4th percentile among comparable filings
  • Officer compensation ratio: 12.5%; rating input score 27; 27th percentile among comparable filings

Growth

  • Program expense growth: 55.8% per year; rating input score 100; 96th percentile among comparable filings
  • Revenue growth: 67.4% per year; rating input score 100; 98th percentile among comparable filings
  • Asset growth: -1.8% per year; rating input score 0; 18th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 92.7% of spending went to programs
  • Governance: 5 of 5 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $698K in reported program spending
  • Leadership: top reported pay $292K · 7 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 18 of 18 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Sustainability: Operating margin scored 3/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 4/100.
  • High — Sustainability: Officer compensation ratio scored 27/100.