2024-08-13T15:01:01-05:00 2023-09-30 111986323 MARCUM LLP 1 MONTGOMERY STREET SUITE 1700 SAN FRANCISCO CA 94104 990 2022-10-01 946104097 BOYS AND GIRLS CLUBS OF SAN FRANCISCO ENDOWMENT TRUST BOYS 4154455437 380 FULTON STREET SAN FRANCISCO CA 94102 ROB CONNOLLY PRESIDENT 4154455437 2024-08-07 1 1 ROGER BULOSAN P00221282 4154326200 2022 2024-08-08 14:25:15Z ROB CONNOLLY 380 FULTON STREET SAN FRANCISCO CA 94102 4699649 0 X N/A X 1958 CA THE BOYS & GIRLS CLUBS OF SAN FRANCISCO ENDOWMENT TRUST'S (THE ENDOWMENT TRUST) SOLE ACTIVITY IS TO PROVIDE CONTINUING FINANCIAL SUPPORT TO THE BOYS & GIRLS CLUBS OF SAN FRANCISCO (THE CLUB), AN EXEMPT PUBLIC INTERNAL REVENUE CODE SECTION 501(C)(3) ORGANIZATION, EIN 94-1156608. 5 5 0 0 30 0 0 0 0 0 1362900 1180521 0 0 1362900 1180521 2496302 3012364 0 0 0 0 0 0 0 235658 209345 2731960 3221709 -1369060 -2041188 49485813 55098751 0 0 49485813 55098751 X TO EXCLUSIVELY SUPPORT THE BOYS & GIRLS CLUBS OF SAN FRANCISCO, A PUBLIC INTERNAL REVENUE CODE SECTION 501(C)(3) ORGANIZATION. THE CLUB'S MISSION IS TO INSPIRE AND ENABLE ALL YOUNG PEOPLE, ESPECIALLY THOSE FROM DISADVANTAGED CIRCUMSTANCES, TO REALIZE THEIR FULL POTENTIAL AS PRODUCTIVE, RESPONSIBLE AND CARING CITIZENS. 0 0 3012364 3012364 CONTINUING FINANCIAL SUPPORT TO THE BOYS & GIRLS CLUBS OF SAN FRANCISCO. 3012364 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 CA X ROB CONNOLLY 4154455437 380 FULTON STREET SAN FRANCISCO CA 94102 X ALEXANDER SANDY DEAN CHAIR AND SECRETARY 2.00 X X 0 0 0 BRENDA VINGIELLO TRUSTEE 0.30 X 0 0 0 JASON MOMENT TRUSTEE 0.30 X 0 0 0 ROBERT WELTMAN TRUSTEE 0.30 X 0 0 0 JOHN WARREN TRUSTEE 0.30 X 0 0 0 ROB CONNOLLY PRESIDENT 2.00 X 0 385729 33143 0 385729 33143 0 0 1 0 0 1242546 30 1242516 3457103 3519128 -62025 -62025 -62025 1180521 0 30 1180491 3012364 3012364 209345 209345 3221709 3012364 209345 0 1990255 2122763 650918 650918 650918 41652085 47427071 5192555 4897999 49485813 55098751 0 0 X 31807067 35925560 17678746 19173191 49485813 55098751 49485813 55098751 X -2041188 5904126 1750000 X X 0 1 X 1 0 X X 1 BOYS & GIRLS CLUBS OF SAN FRANCISCO 941156608 7 1 3012364 0 1 3012364 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 X 1 1 PART IV, SECTION E, LINE 2A: THE BOYS AND GIRLS CLUB OF SAN FRANCISCO ENDOWMENT TRUST IS AN ENTITY ORGANIZED TO RAISE FUNDS TO SUPPORT THE OPERATING ACTIVITIES FOR THE BOYS AND GIRLS CLUB OF SAN FRANCISCO. PART IV, SECTION E, LINE 2B: IF THE BOYS AND GIRLS CLUB OF SAN FRANCISCO ENDOWMENT TRUST DID NOT EXIST, THE BOYS AND GIRLS CLUB OF SAN FRANCISCO WOULD INCREASE ITS FUNDRAISING ACTIVITIES. 49485813 1750000 6875302 3012364 55098751 61957673 2000000 -11975558 2496302 49485813 47105342 5000000 10751176 898845 61957673 41330041 3098600 3855759 1179058 47105342 41033067 1450000 1147296 2300322 41330041 0.65200 0.34800 0 0 650918 650918 650918 VENTURE INVESTMENT ASSOCIATES, IV, LP 114371 F DCM AFFILIATES FUND, V, LP 13499 F HMI CAPITAL PARTNERS, LP 4770129 F 4897999 X PART V, LINE 4: TO EXCLUSIVELY SUPPORT THE BOYS & GIRLS CLUBS OF SAN FRANCISCO, A QUALIFIED TAX EXEMPT IRC SECTION 501(C)(3) ORGANIZATION. PART X, LINE 2: THE CLUB AND THE ENDOWMENT TRUST ARE QUALIFIED ORGANIZATIONS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC") AND FRANCHISE TAXES UNDER 23701D OF THE CALIFORNIA REVENUE AND TAXATION CODE, RESPECTIVELY. ACCORDINGLY, THEY ARE EXEMPT FROM FEDERAL AND CALIFORNIA INCOME TAXES AND ARE NOT LIABLE FOR FEDERAL UNEMPLOYMENT TAXES. U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE THE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE CLUB HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE-LIKELY-THAN-NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT EVALUATED THE CLUB'S TAX POSITIONS AND CONCLUDED THAT IT MAINTAINED ITS TAX-EXEMPT STATUS AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR UNKNOWN INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. THE CLUB'S TAX RETURNS ARE SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. HOWEVER, THERE ARE NO EXAMINATIONS IN PROGRESS NOR ARE THERE ANY PENDING. 1 BOYS & GIRLS CLUBS OF SAN FRANCISCO 380 FULTON STREET SAN FRANCISCO CA 94102 941156608 501(C)(3) 3012364 0 ANNUAL CONTINUING SUPPORT TO THE BOYS & GIRLS CLUBS OF SAN FRANCISCO PART I, LINE 2: THESE ARE GENERAL OPERATING FUNDS THAT ARE USED TO PROVIDE SUPPORT WHEREVER IT IS NEEDED. THE PRESIDENT OF THE CLUB ATTENDS THE ENDOWMENT TRUST'S MEETINGS AND PROVIDES UPDATES ON THE STATE OF THE CLUB. ALL TRUSTEES OF THE ENDOWMENT TRUST ATTEND EVENTS OF THE CLUB WHERE THEY LEARN MORE ABOUT THE GENERAL HEALTH AND WELL-BEING OF THE CLUB. THE ENDOWMENT TRUST AND THE CLUB SHARE THE SAME AUDITING FIRM WHICH FACILITATES ANY NEEDED CONVERSATIONS. 0 0 0 0 0 0 0 0 0 ROB CONNOLLY PRESIDENT 0 385729 0 0 0 0 0 0 0 33143 0 418872 0 0 PART I, LINE 3 THE PRESIDENT'S SALARY IS PAID BY THE CLUB. THERE IS A WRITTEN EMPLOYMENT CONTRACT AND THE CLUB'S BOARD APPROVES HIS TOTAL COMPENSATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE INDEPENDENT CPA FIRM, AND IT IS REVIEWED AND APPROVED BY MANAGEMENT. A FINAL COPY OF THE FORM 990 IS MADE AVAILABLE TO THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C POSSIBLE CONFLICTS OF INTEREST ARE DISCUSSED BY THE EXECUTIVE BOARD AND CONTROLS ARE SET UP TO AVOID CONFLICTS AND/OR RECOMMEND CHANGES IN PROCEDURES. FORM 990, PART VI, SECTION B, LINE 15A THE ENDOWMENT TRUST EXCLUSIVELY SUPPORTS THE CLUB. THE CLUB CONDUCTS MARKET RESEARCH OF OTHER LIKE NONPROFITS THROUGH GLEANING SALARY DATA FROM PUBLIC SOURCES SUCH AS CAREER BUILDER, CRAIGSLIST, ETC. IN ADDITION, THEY UTILIZE MARKET RESEARCH CONDUCTED BY THE CENTER FOR NONPROFIT MANAGEMENT WHICH RELEASES ANNUALLY SALARY SURVEYS OF PARTICIPATING NONPROFITS. FINALLY, ALL DATA IS THEN PUT INTO CONTEXT TO AN INTERNAL EQUITY MATRIX WHERE THEY GRADE POSITIONS IN RELATION TO ONE ANOTHER. FOR THE PRESIDENT OF THE CLUB, THE EXECUTIVE COMMITTEE OF THE BOARD OF GOVERNORS OF THE CLUB CONSIDERS THESE FACTORS IN ADDITION TO THE PERFORMANCE OF THE PRESIDENT VIA A FORMAL PERFORMANCE APPRAISAL. FORM 990, PART VI, SECTION C, LINE 19 THE ENDOWMENT TRUST'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS CAN BE ACCESSED THROUGH THE PRESIDENT OF THE ORGANIZATION UPON REQUEST. FORM 990, PART VII, SECTION A: FORM 990, PART VII, SECTION A: ESTIMATED AVERAGE HOURS PER WEEK DEVOTED TO RELATED ORGANIZATION (BOYS & GIRLS CLUBS OF SAN FRANCISCO): ROB CONNOLLY - 63. FORM 990, PART XI, LINE 9: TRANSFER FROM BOYS & GIRLS CLUBS OF SAN FRANCISCO 1,750,000. FORM 990, PART XII, LINE 2B: THE ENDOWMENT TRUST IS INCLUDED IN THE CLUB'S CONSOLIDATED AUDITED FINANCIAL STATEMENTS AS OF AND FOR THE YEAR ENDED SEPTEMBER 30, 2023. THE ACTIVITIES OF THE ENDOWMENT TRUST AS OF AND FOR THE YEAR ENDED SEPTEMBER 30, 2023, WERE AUDITED WHEN THE SUPPORTING ORGANIZATION, THE CLUB, WAS AUDITED. BECAUSE OF FASB ASC 958-20 AND FASB ASC 958-605, THE ENDOWMENT TRUST'S NET ASSETS AND ACTIVITIES ARE INCLUDED IN THE CLUB'S AUDITED FINANCIAL STATEMENTS USING THE EQUITY METHOD OF ACCOUNTING AND SEPARATED AUDITED FINANCIAL STATEMENTS FOR THE ENDOWMENT TRUST WERE NOT ISSUED. FORM 990, PART XII, LINE 2C THE CLUB HAS AN AUDIT COMMITTEE THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE CLUB'S AUDITED CONSOLIDATED FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THE ENDOWMENT TRUST IS INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS OF THE CLUB IN ACCORDANCE WITH FASB ASC 958-20 AND FASB ASC 958-605, USING THE EQUITY METHOD OF ACCOUNTING. BOYS & GIRLS CLUB OF SAN FRANCISCO 380 FULTON STREET SAN FRANCISCO CA 94102 941156608 TO PROVIDE HEALTH, PHYSICAL, VOCATIONAL AND FINE ARTS EDUCATION TO CHILDREN. CA 501(C)(3) LINE 7 NO 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 BOYS & GIRLS CLUBS OF SAN FRANCISCO B 3012364 FAIR VALUE OF TRANSACTION BOYS & GIRLS CLUBS OF SAN FRANCISCO S 1750000 FAIR VALUE OF TRANSACTION