Olivet Boys' & Girls' Club of Reading and Berks County Pa

Nonprofit profile at a glance

EIN
231365380
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Reading, PA, USA
Phone
6103731314
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Boys and Girls Clubs

Official website

Reported finances

Revenue
$3,168,133
Expenses
$3,042,119
Assets
$6,029,281
Liabilities
$267,516

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

Leadership & pay

29 people listed

Executive titles in this filing

  • RICK PEREZ (CEO AS OF JUNE 2024)

Highest reported compensation

  • RICK PEREZ (CEO AS OF JUNE 2024): $70,000 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 enable all young people, especially those who need us most, to reach their full potential as healthy, productive, caring, responsible citizens.

What it reported doing in 2024

Olivet boys & girls club offers a variety of programs that support academic success, encourage healthy lifestyles, provide a robust engagement with the arts, and promote good character and citizenship. Olivet's programs are numerous and wide-ranging, affording club members unique experiences in an environment of positivity, acceptance, and encouragement. The programs, furthermore, are research- and evidence-based, with many utilizing pre- and post-testing instruments to provide quantitative and qualitative data assessing and tracking program impact. Additionally, club-sites regularly recognize members for their achievements within the club, such as actively participating, demonstrating leadership, and volunteering, to name only a few. See schedule o for additional program service accomplishments.throughout 2024, olivet served over 2,261 youth ages 6-18 across 7 club-sites in reading and berks county.in a typical year, our clubs are open for afterschool and summer programming. During the school year, clubs are open from 3 pm to 8 pm for afterschool programming, monday through friday. During the summer, clubs are open from 8 am to 5 pm for summer programming, monday through friday. From january through may of 2024, at each club site, we provided approximately 500 hours of afterschool programming. During the summer of 2024, we provided 405 hours of summer camp programming. From september through december of 2024, we provided approximately 380 hours of afterschool programming. For 2024, this totaled approximately 1,285 hours of service at each club site. We are fortunate to have numerous community partners that support and impact our programs by providing volunteers, services and/or program support. Centro hispano has served as our primary provider for serving nutritious, culturally sensitive meals to club members.the following is a list of programs offered at olivet boys & girls club sites in 2024, along with the numbers of youth club members who participated in those programs during that year: academic success and education - chess club: 171high-yield learning activities: 585project learn (homework help): 200positive action: 157stem programming: 26torch club: 26triple play: 233brick squad: 53net smartz: 125power hour: 184ojjdp: 17coca berks pride; 7 national youth outcome initiative survey:90% of youth/teens surveyed expect to graduate on time86% of youth/teens surveyed reported mostly grades of a's and b's, corresponding to being promoted to the next grade level healthy lifestyles, sports, and recreation - 100 mile club (walking program for girls): 30jr. Chef/cooking club: 131flag football: 86basketball; 42baseball; 300golf; 8swim league; 18number of youths who received a nutritious meal: 1,300 the arts - art/arts and crafts: 327drums: 28gravity studios (studio music production and recording): 3guitar: 16dance: 23piano 17good character, leadership, and service -girl scouts: 69torch club (service and leadership club for pre-teens): 26

Operating model

Revenue model
Donor-supported. 68% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 99% 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 - 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 program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 64
  • Transparency & Controls: 92
  • Accountability: 100
  • Sustainability: 58
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 66.9%; rating input score 67
  • Program expense ratio: 68.2%; rating input score 68
  • Fundraising efficiency: $9.9 raised per $1 spent on fundraising; rating input score 37; 37th 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: 4%; rating input score 48; 48th percentile among comparable filings
  • Total-asset coverage ratio: 1.98; rating input score 61; 61st percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 72; 72nd percentile among comparable filings
  • Officer compensation ratio: 2.3%; rating input score 74; 74th percentile among comparable filings

Growth

  • Program expense growth: -1% per year; rating input score 0; 11th percentile among comparable filings
  • Revenue growth: -1.5% per year; rating input score 0; 7th percentile among comparable filings
  • Asset growth: 1.3% per year; rating input score 100; 17th percentile among comparable filings

Details

  • Where the money goes: 66.9% of revenue deployed · 68.2% of spending went to programs
  • Governance: 21 of 21 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $2.1M in reported program spending
  • Leadership: top reported pay $70K · 29 people listed
  • Consistency: 39 of 39 current checks pass
  • Schedules: 7 filed schedules · includes major donors
  • Filing history: 13 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • Moderate — Financial Efficiency: Fundraising efficiency scored 37/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 48/100.