Msbgc-nyc Support Corporation
Nonprofit profile at a glance
- EIN
- 815459134
- IRS 990 coverage
- 2017–2024
- Forms available
- Form 990 2024
- Location
- New York, NY, USA
- Phone
- 2127609600
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $9,129
- Expenses
- $946,902
- Assets
- $37,271,597
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- BARRY BREGMAN (PRESIDENT)
- DON DEVINE (VICE PRESIDENT)
- ELAINE ROCHA (CHIEF EXECUTIVE OFFICER)
- TIM MCCHRISTIAN (CHIEF EXECUTIVE OFFICER (THRU 9/30/2025))
Highest reported compensation
- TIM MCCHRISTIAN (CHIEF EXECUTIVE OFFICER (THRU 9/30/2025)): $442,715 total reported compensation
- JEFFREY DOLD (CHIEF FINANCIAL OFFICER): $350,815 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 support madison square boys and girls club, inc. Primarily by participating in a new markets tax credit (nmtc) financing transaction related to the construction of the pinkerton clubhouse in harlem.
What it reported doing in 2024
Support for madison square boys and girls club, inc.
Operating model
- Revenue model
- Other-operating. 100% of the money available for current operations came from other operating revenue.
- 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 83
- Accountability: 82
- Sustainability: 37
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 22nd percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 5 of 9 controls in place; rating input score 56
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- 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: -10,272.5%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 39.36; rating input score 89; 89th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
- Officer compensation ratio: 17.3%; rating input score 14; 14th percentile among comparable filings
Growth
- Program expense growth: 64.4% per year; rating input score 100; 96th percentile among comparable filings
- Revenue growth: Limited
- Asset growth: -2.9% per year; rating input score 0; 27th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: 4 of 4 board members independent · 5 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $947K in reported program spending
- Leadership: top reported pay $443K · 8 people listed · 4 of 6 pay-setting controls reported
- Consistency: 15 of 15 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 8 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Related organizations: 2 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 — Accountability: Governance controls: 4 of 9 not reported.
- High — Sustainability: Operating margin scored 2/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 14/100.