Kips Bay Boys & Girls Club

Nonprofit profile at a glance

EIN
131623850
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Bronx, NY, USA
Phone
7188938600
Rating
80
Verdict
STRONG
Rating confidence
Standard
Sector
Boys and Girls Clubs

Official website

Reported finances

Revenue
$22,433,123
Expenses
$17,173,910
Assets
$44,751,559
Liabilities
$6,826,689

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

Leadership & pay

28 people listed

Executive titles in this filing

  • ADOLFO CARRION JR (VICE PRESIDENT)
  • CYNTHIA COUDERT (VICE PRESIDENT)
  • DEBRALEE NELSON (VICE PRESIDENT)
  • JAMES P DRUCKMAN (PRESIDENT)
  • NORA CREEDON (VICE PRESIDENT/TREASURER)
  • SCOTT A GRESS (VICE PRESIDENT/SECRETARY)

Highest reported compensation

  • DANIEL QUINTERO (EXECUTIVE DIRECTOR): $538,996 total reported compensation
  • NAZIRA HANDAL (DIRECTOR OF SPECIAL EVENTS): $296,028 total reported compensation
  • JOSEPH KORN (CONTROLLER): $274,769 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 mission of kips bay boys and girls club is to improve and enhance the quality of life for all young people, with special emphasis on those between ages 6-18 who need us most.

What it reported doing in 2024

Educational and club services: service sites emphasize education programming including homework help, academic tutoring, academic skill testing and progress assessment, journal and essay writing, project learning, sat prep, and private high school admissions prep, college awareness and exploration, etc. Most sites include dedicated computer labs for computer literacy, language arts and mathematics computer games, virtual college visits and career exploration, and internet research assignments. The organization maintains a program of private high school scholarship assistance. Club services includes the civic and leadership activities that are called keystone club and torch club, and a very large summer youth employment program (syep) enrolling more than 1,000 teens each summer. Junior staff is both a real part-time job and a carefully supervised career exploration experience for approximately 15 older club members annually.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 97% 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 available resources goes toward mission work. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 63
  • Transparency & Controls: 92
  • Accountability: 95
  • Sustainability: 71
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 61.4%; rating input score 61
  • Program expense ratio: 77%; rating input score 77
  • Fundraising efficiency: $8.35 raised per $1 spent on fundraising; rating input score 33; 33rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.4%; rating input score 94; 22nd percentile among comparable filings
  • Pay-setting controls: 6 of 6 controls in place; rating input score 100
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 72.1%; rating input score 72; 14th 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: 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: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 23.4%; rating input score 85; 85th percentile among comparable filings
  • Total-asset coverage ratio: 2.61; rating input score 71; 71st percentile among comparable filings
  • Liabilities to assets ratio: 0.15; rating input score 65; 65th percentile among comparable filings
  • Officer compensation ratio: 9.5%; rating input score 22; 22nd percentile among comparable filings

Growth

  • Program expense growth: 5.8% per year; rating input score 100; 48th percentile among comparable filings
  • Revenue growth: 6.9% per year; rating input score 100; 59th percentile among comparable filings
  • Asset growth: 1.7% per year; rating input score 100; 16th percentile among comparable filings

Details

  • Where the money goes: 61.4% of revenue deployed · 77% of spending went to programs
  • Governance: 22 of 22 board members independent · 8 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $13.3M in reported program spending
  • Leadership: top reported pay $539K · 28 people listed · 6 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $3.3M reported
  • Consistency: 36 of 37 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 28 filed money-flow records
  • Related organizations: 22 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.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 33/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Sustainability: Officer compensation ratio scored 22/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.