Boys & Girls Clubs of the Corridor

Nonprofit profile at a glance

EIN
421434056
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Cedar Rapids, IA, USA
Phone
3193635766
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Community Recreational Centers

Official website

Reported finances

Revenue
$2,675,102
Expenses
$1,773,711
Assets
$13,160,497
Liabilities
$377,772

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

Leadership & pay

51 people listed

Executive titles in this filing

  • JOHN TURSI (EXECUTIVE DIRECTOR)

Highest reported compensation

  • JOHN TURSI (EXECUTIVE DIRECTOR): $107,819 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 that need us the most to reach their full potential as productive, caring, responsible citizens.

What it reported doing in 2024

Our club offers full-time professional staff, varied and diverse programs dedicated to youth development and a place to go for all children, ages 6-18 years old. We serve 300 youth daily during the school year and over 350 youth daily during the summer. 70% of our members live at or below the poverty level and the median household income in our service area is between $12,000 and $25,000. 50% - 60% of our members are from single-parent families and many do not live with a biological parent, but with a grandparent, aunt or uncle.our core program areas are: character & leadership development: helping youth become responsible caring citizens and acquire skills for participating in the democratic process is the main thrust of these programs. They also develop leadership skills and provide opportunities for planning, decision-making, contributing to club and community, and celebrating our national heritage. Specific initiatives include: youth of the year, torch club and keystone club.education & career development: these programs help youth create aspirations for the future, providing opportunities for career exploration and educational enhancement. Specific initiatives include: power hour, project learn, junior staff career development, computer lab, money matters and be great graduate.the arts: these initiatives help young people enhance self-expression and creativity, develop multicultural appreciation, provide exposure to and develop skills in crafts and visual performing and literary arts. Specific initiatives include: every day art, national fine arts program and image makers.health & life skills: these initiatives help youth achieve and maintain healthy, active lifestyles. Specific initiatives include: chef's club, summer food service program, child & adult food care program, healthy habits & smart moves.sport, recreation & fitness: these programs help develop fitness, a positive use of leisure time, reduction of stress, appreciation for the environment, and social and interpersonal skills. Specific initiatives include: triple play, daily gym and gameroom activities and wanna play.specialized programs: specialized initiatives focus on meeting more specific needs of the clubs' members. Their scope is broad so they involve several core program areas. Specific initiatives include: teen center, youth for unity and families plus.

Operating model

Revenue model
Donor-supported. 73% 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.

The verdict

STRONG - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 66
  • Transparency & Controls: 92
  • Accountability: 100
  • Sustainability: 81
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 58.5%; rating input score 58
  • Program expense ratio: 84.5%; rating input score 85
  • Fundraising efficiency: $14.22 raised per $1 spent on fundraising; rating input score 49; 49th 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: Limited
  • 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 8 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: 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: 33.7%; rating input score 86; 86th percentile among comparable filings
  • Total-asset coverage ratio: 7.42; rating input score 88; 88th percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 77; 77th percentile among comparable filings
  • Officer compensation ratio: 6.1%; rating input score 46; 46th percentile among comparable filings

Growth

  • Program expense growth: 5.4% per year; rating input score 100; 42nd percentile among comparable filings
  • Revenue growth: 12.1% per year; rating input score 100; 75th percentile among comparable filings
  • Asset growth: 18.3% per year; rating input score 100; 81st percentile among comparable filings

Details

  • Where the money goes: 58.5% of revenue deployed · 84.5% of spending went to programs
  • Governance: 50 of 50 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $1.5M in reported program spending
  • Leadership: top reported pay $108K · 51 people listed
  • Consistency: 33 of 33 current checks pass
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Review — Financial Efficiency: Mission deployment rate scored 58/100.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 49/100.
  • Moderate — Sustainability: Officer compensation ratio scored 46/100.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.