Boys Club of Wake County Inc

Nonprofit profile at a glance

EIN
560863051
IRS 990 coverage
2011–2025
Forms available
Form 990 2025
Location
Raleigh, NC, USA
Phone
9198346282
Rating
78
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Boys Clubs

Official website

Reported finances

Revenue
$6,470,206
Expenses
$7,094,244
Assets
$16,589,605
Liabilities
$116,296

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

70 people listed

Executive titles in this filing

  • MATT TALIAFERRO (PRESIDENT/CEO)

Highest reported compensation

  • MATT TALIAFERRO (PRESIDENT/CEO): $224,765 total reported compensation
  • HUGH A MCLEAN (VP OF OPERATIONS): $204,357 total reported compensation
  • JOHN WELCH (VP OF RESOURCE DEVELOPMENT): $129,383 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To enable all young people, especially those who need us most, toreach their full potential as productive, caring, responsiblecitizens.

What it reported doing in 2025

Social and group adjustment: we operate 10 clubs across wake and johnston counties to provide a safe place for school-aged youth to learn and grow. This service includes programs intended to instill good character and citizenship and to promote healthy lifestyles. Programs like youth of the year, kids voting, and keystone and torch leadership clubs help youth build a sense of connection with their community and build leadership skills. Programs like healthy habits, and smart moves drug resistance training, and healthy places/active spaces give kids a positive outlet for fun, constructive activities while building healthy foundations that will follow them for the rest of their lives. 3,560 youth are club members, an average of 939 members attend throughout the school year, and an average of 760 members attend during the day in the summer.

Operating model

Revenue model
Donor-supported. 71% of the money available for current operations came from contributions and gifts.
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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - 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: 73
  • Transparency & Controls: 88
  • Accountability: 95
  • Sustainability: 38
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 81.4%; rating input score 81
  • Program expense ratio: 73%; rating input score 73
  • Fundraising efficiency: $8.31 raised per $1 spent on fundraising; rating input score 29; 29th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 75th 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: 8 of 9 controls in place; rating input score 89
    • 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: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -9.6%; rating input score 10; 10th percentile among comparable filings
  • Total-asset coverage ratio: 2.34; rating input score 63; 63rd percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 81; 81st percentile among comparable filings
  • Officer compensation ratio: 7.9%; rating input score 41; 41st percentile among comparable filings

Growth

  • Program expense growth: -2.6% per year; rating input score 0; 7th percentile among comparable filings
  • Revenue growth: -0.7% per year; rating input score 0; 7th percentile among comparable filings
  • Asset growth: 4.5% per year; rating input score 100; 30th percentile among comparable filings

Details

  • Where the money goes: 81.4% of revenue deployed · 73% of spending went to programs
  • Governance: 67 of 67 board members independent · 8 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $5.2M in reported program spending
  • Leadership: top reported pay $225K · 70 people listed · 3 of 6 pay-setting controls reported
  • Consistency: 35 of 35 current checks pass
  • Schedules: 9 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 15 filing years from 2011 to 2025
  • Contacts: How to reach this organization
  • Money network: 3 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.

Key Signals

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

  • High — Financial Efficiency: Fundraising efficiency scored 29/100.
  • High — Sustainability: Operating margin scored 10/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • Moderate — Sustainability: Officer compensation ratio scored 41/100.