BOYS' CLUB OF WAKE COUNTY FOUNDATION

EIN: 581553011 501(c)(3) Youth Development

RALEIGH, NC

Total Revenue
$653,719
Total Expenses
$386,327
Total Assets
$7,034,865
Net Assets
$7,034,865
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
NC
Principal Officer
MATT TALIAFERRO
Phone
9198346282
Tax Period
2024-01-01 to 2024-12-31

BOYS' CLUB OF WAKE COUNTY FOUNDATION, founded in 1983, is a small nonprofit in the Youth Development sector that reported $654K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $267K, a strong 41% operating margin.

Mission

TO ASSIST YOUTH OF ALL BACKGROUNDS, WITH SPECIAL CONCERN FOR THOSE FROM DISADVANTAGED CIRCUMSTANCES, TO DEVELOP THE QUALITIES TO BE RESPONSIBLE CITIZENS AND LEADERS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $41,161
Program Service Revenue $0
Investment Income $612,558
Other Revenue $0
TOTAL REVENUE $653,719

Expense Breakdown

Grants Paid $280,889
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $386,327
Other Expenses $105,438
TOTAL EXPENSES $386,327

Year-over-Year Comparison

2024 2023 Change
Revenue $653,719 $565,707 +0.2%
Expenses $386,327 $41,795 +8.2%
Net Income $267,392 $523,912 -0.5%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$289,011
Total Directors
10
$204,357
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES T STONE SR CHAIR 0.25
Officer Director
$0 $0 $0
PRENTISS BAKER III VICE-CHAIR 0.25
Officer Director
$0 $0 $0
HUGH MCLEAN SECRETARY 0.25
Officer Director
$0 $23,961 $204,357
KATHARINE BELLOIR TRUSTEE 0.25
Director
$0 $0 $0
NICK COX TRUSTEE 0.25
Director
$0 $0 $0
BO DEMPSTER TRUSTEE 0.25
Director
$0 $0 $0
GRANT FISHER TRUSTEE 0.25
Director
$0 $0 $0
STEVE LAWLER TRUSTEE 0.25
Director
$0 $0 $0
RALPH MOORE TRUSTEE 0.25
Director
$0 $0 $0
C HAMILTON SLOAN JR TRUSTEE 0.25
Director
$0 $0 $0
J MATTHEW TALIAFERRO EXECUTIVE DIRECTOR 0.25
Officer
$0 $2,119 $84,654
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $653,719 $386,327 $7,034,865 $267,392
2023 $565,707 $41,795 $6,524,583 $523,912
2022 $259,612 $241,175 $5,509,538 $18,437
2021 $1,720,813 $165,849 $6,349,359 $1,554,964
2020 $427,524 $206,973 $4,694,500 $220,551
2019 $873,742 $188,251 $4,178,105 $685,491
2018 $312,471 $173,063 $2,992,937 $139,408
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