Boys & Girls Clubs of Pbc Foundation

Nonprofit profile at a glance

EIN
650679193
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
West Palm Beach, FL, USA
Phone
5616833287
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Youth Development Programs

Reported finances

Revenue
$15,925,235
Expenses
$4,047,283
Assets
$78,448,597
Liabilities
$5,700

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

Leadership & pay

11 people listed

Executive titles in this filing

  • JAENE A MIRANDA (PRESIDENT & CEO)
  • JULIE HEDDEN (VICE PRESIDENT & CFO)
  • ERIN NICOLOSO (VICE PRESIDENT)
  • KIMBERLY SOVINSKI (VICE PRESIDENT)
  • TIMOTHY TRACY (VICE PRESIDENT)

Highest reported compensation

  • JAENE A MIRANDA (PRESIDENT & CEO): $409,425 total reported compensation
  • JULIE HEDDEN (VICE PRESIDENT & CFO): $284,871 total reported compensation
  • KIMBERLY SOVINSKI (VICE PRESIDENT): $230,407 total reported compensation

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

Overview

Mission

The foundation is responsible for providing funding and support to the boys & girls club of palm beach county so the club can provide programs and services to the children of palm beach county.

What it reported doing in 2024

The foundation supports the boys & girls clubs of palm beach county which provides programs and services to the children of palm beach county.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 61
  • Transparency & Controls: 79
  • Accountability: 95
  • Sustainability: 94
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 52.2%; rating input score 52
  • Program expense ratio: 95.6%; rating input score 96
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • 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; 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; 66th percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • 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: 74.6%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 19.38; rating input score 96; 96th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 97; 97th percentile among comparable filings
  • Officer compensation ratio: 1.9%; rating input score 77; 77th percentile among comparable filings

Growth

  • Program expense growth: 16% per year; rating input score 100; 85th percentile among comparable filings
  • Revenue growth: 17.6% per year; rating input score 100; 90th percentile among comparable filings
  • Asset growth: 19.1% per year; rating input score 100; 88th percentile among comparable filings

Details

  • Where the money goes: 52.2% of revenue deployed · 95.6% of spending went to programs
  • Governance: 7 of 7 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $3.9M in reported program spending
  • Leadership: top reported pay $409K · 11 people listed · 2 of 6 pay-setting controls reported
  • Consistency: 16 of 16 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 15 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 3 filed related-organization links
  • 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.

  • Review — Financial Efficiency: Mission deployment rate scored 52/100.
  • Review — Accountability: Governance controls: CEO compensation review process not reported.