Boys and Girls Club of Paterson and Passaic Inc

Nonprofit profile at a glance

EIN
221726665
IRS 990 coverage
2012–2024
Forms available
Form 990 2024
Location
Paterson, NJ, USA
Phone
9732793055
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Boys and Girls Clubs

Official website

Reported finances

Revenue
$8,886,594
Expenses
$9,766,036
Assets
$16,352,623
Liabilities
$1,941,616

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

Leadership & pay

28 people listed

Executive titles in this filing

  • RICHARD MAINARDI (PRESIDENT)
  • THOMAS SEBOK (VICE PRESIDENT)
  • WENDY MCGUIRE (CHIEF EXECUTIVE OFFICER)

Highest reported compensation

  • WENDY MCGUIRE (CHIEF EXECUTIVE OFFICER): $139,046 total reported compensation
  • JANE HE (CHIEF DEVELOPMENT OFFICER): $126,815 total reported compensation
  • JANICE GOMEZ (CHIEF OPERATING OFFICER): $122,402 total reported compensation

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

Overview

Mission

To inspire and enable all young people, especially those who need us most, to realize their full potential as productive, caring and responsible citizens.

What it reported doing in 2024

After school programthe boys & girls club of paterson & passaic provide affordable and high quality licensed after school programs to children daily, from ages 5-13, including power hour - an interactiave, after school homework assistance program that helps students with their reading, writing, comprehension and math skills. Other programs include recreational sports for fitness, healthy habits lessons to learn proper nutrition, stem programs to develop critical thinking skills and dance and art to bolster creativity. The programs take place monday through friday from 3:00 until 6:30pm during the school year. Participants are provided with meals and healthy snacks on a daily basis. Approximately 1115 youth, ages 5-13 were served during this time.

Operating model

Revenue model
Earned-program. 61% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 96% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 94
  • Accountability: 100
  • Sustainability: 35
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 81.8%; rating input score 82
  • Program expense ratio: 73.3%; rating input score 73
  • Fundraising efficiency: $9.37 raised per $1 spent on fundraising; rating input score 35; 35th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -9.9%; rating input score 13; 13th percentile among comparable filings
  • Total-asset coverage ratio: 1.67; rating input score 56; 56th percentile among comparable filings
  • Liabilities to assets ratio: 0.12; rating input score 55; 55th percentile among comparable filings
  • Officer compensation ratio: 5.2%; rating input score 52; 52nd percentile among comparable filings

Growth

  • Program expense growth: 8% per year; rating input score 100; 55th percentile among comparable filings
  • Revenue growth: 8.7% per year; rating input score 100; 63rd percentile among comparable filings
  • Asset growth: 9.4% per year; rating input score 100; 56th percentile among comparable filings

Details

  • Where the money goes: 81.8% of revenue deployed · 73.3% of spending went to programs
  • Governance: 24 of 24 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $7.2M in reported program spending
  • Leadership: top reported pay $139K · 28 people listed
  • Highest-paid contractors: 1 contractor listed · $105K reported
  • Consistency: 39 of 39 current checks pass
  • Schedules: 9 filed schedules · includes major donors and grants
  • Filing history: 12 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • Moderate — Financial Efficiency: Fundraising efficiency scored 35/100.
  • High — Sustainability: Operating margin scored 13/100.
  • Review — Sustainability: Total-asset coverage ratio scored 56/100.
  • Review — Sustainability: Officer compensation ratio scored 52/100.
  • Review — Sustainability: Liabilities to assets ratio scored 55/100.