2025-03-20T18:21:02-05:00 2024-06-30 461171913 SD MAYER & ASSOCIATES LLP 235 MONTGOMERY STREET 26TH FLOOR SAN FRANCISCO CA 94104 990 2023-07-01 941219139 SALESIAN BOYS AND GIRLS CLUB SALE 4153973068 680 FILBERT STREET SAN FRANCISCO CA 94133 RANDAL DEMARTINI EXECUTIVE DIRECTOR 4153973068 2025-03-20 1 0 STEPHEN D MAYER P00022797 4156914040 2025-03-20 2023 2025-03-06 01:10:19Z RANDAL DEMARTINI 666 FILBERT STREET SAN FRANCISCO CA 94133 4742233 0 X WWWW.SALESIANCLUB.ORG X 1949 CA THE SALESIAN BOYS AND GIRLS CLUB WAS ORGANIZED TO PROVIDE SPIRITUAL, EDUCATIONAL, AND ATHLETIC ACTIVITIES TO YOUNG MEN AND WOMEN. 56 56 59 89 0 0 1761537 1395030 157065 145636 2254230 1000922 1040340 704125 5213172 3245713 179700 367750 0 0 999787 1111060 0 0 1126900 1624464 1874446 2803951 3353256 2409221 -107543 35078920 35630471 309771 156340 34769149 35474131 THE SALESIAN BOYS AND GIRLS CLUB WAS ORGANIZED TO PROVIDE SPIRITUAL, EDUCATIONAL, AND ATHLETIC ACTIVITIES TO YOUNG MEN AND WOMEN. 0 0 1487054 367750 145636 ALLOCATION AMONG THE FOLLOWING ACTIVITIES ARE BASED ON A PERCENTAGE OF PERSONS SERVED: 25% ATHLETICS - SOCCER, BASKETBALL, VOLLEYBALL, BASEBALL; 25% THEATRE; 25% TUTORIAL PROGRAM; 10% FINE ARTS; 15% GENERAL PROGRAM - TABLE GAMES (PING PONG, POOL), BOARD GAMES, PICK-UP GAMES INCLUDING KICKBALL, VOLLEYBALL, BASEBALL AND SOCCER. 1487054 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 19 0 1 59 1 0 0 0 0 0 0 0 0 0 0 0 0 X 56 56 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 CA X THE ORGANIZATION 4153973068 680 FILBERT STREET SAN FRANCISCO CA 94133 EDWARD T COX PRESIDENT 10.00 X X 0 0 0 JOE BRAUCHER 1ST VICE PRESIDENT 5.00 X X 0 0 0 DENISE LAPOINTE 2ND VICE PRESIDENT 5.00 X X 0 0 0 DIANA WHITEHEAD SECRETARY 5.00 X X 0 0 0 CHRIS LAROCCA TREASURER 5.00 X X 0 0 0 DR LISA HARRIS SCHOOL LIASON 5.00 X X 0 0 0 RANDAL DEMARTINI EXECUTIVE DIRECTOR 40.00 X 132888 0 10867 SHERRI HUGHSTON CHIEF OPERATING OFFICER 40.00 X 109233 0 9365 242121 0 20232 2 0 0 0 0 6191 244591 1144248 47786 1395030 DAY CAMP 624110 145636 145636 145636 791180 791180 1706262 1496520 209742 209742 209742 659610 244591 0 659610 659610 43150 0 43150 43150 OTHER INCOME 900099 1365 1365 1365 3245713 145636 0 1705047 367750 367750 259252 150366 44073 64813 616934 357822 104879 154233 34961 5943 11188 17830 126227 21459 40392 64376 73686 42001 13263 18422 9845 295 9550 63324 1900 61424 197546 4099 76628 116819 31243 12185 625 18433 104458 52229 24025 28204 12302 6028 3568 2706 459843 321890 91969 45984 53163 13291 39872 SPECIAL EVENT COSTS AND 526100 23218 7740 495142 CLUB EXPENSES 211124 97117 71782 42225 PRINTING AND POSTAGE 51399 29811 21588 UTILITIES 50358 43811 6547 103741 9461 64702 29578 3353256 1487054 739302 1126900 204346 70342 581589 394392 150000 0 13887 5349 12393065 3004753 9174335 9388312 24493966 25328791 460797 443285 35078920 35630471 309771 111565 0 44775 309771 156340 X 24703837 25018112 10065312 10456019 34769149 35474131 35078920 35630471 -107543 833273 -20748 0 X 0 1 X 1 0 X 1139222 837900 1445658 1761537 1395030 6579347 42915 76861 153071 157065 145636 575548 733289 1763570 -15307 263808 1365 2746725 1915426 2678331 1583422 2182410 1542031 9901620 0 0 0 9901620 302384 219747 201585 391354 791180 1906250 302384 219747 201585 391354 791180 1906250 190107 104994 265660 776532 702760 2040053 2407917 3003072 2050667 3350296 3035971 13847923 0.71500 0.80160 0.13770 0.10470 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: FUNDRAISING EVENTS - 2019 AMOUNT: $ 190,107. 2020 AMOUNT: $ 104,994. 2021 AMOUNT: $ 265,660. 2022 AMOUNT: $ 666,432. 2023 AMOUNT: $ 659,610. GAMING REVENUE - 2022 AMOUNT: $ 110,100. 2023 AMOUNT: $ 43,150. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6809973 100000 574061 334500 7149534 3568529 3478239 155705 392500 6809973 3619309 150000 -51580 149200 3568529 2797228 125000 804581 107500 3619309 2518340 195000 166638 82750 2797228 0.48431 0.25418 0.26151 1 0 11777912 2527327 9250585 615153 477426 137727 9388312 X 4086386 833273 7400 840673 3245713 0 3245713 3381404 28148 28148 3353256 0 3353256 PART V, LINE 4: THE SALESIAN BOYS AND GIRLS CLUB (CLUB) HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. THE CLUB'S INVESTMENT AND SPENDING POLICIES WORK TOGETHER TO ACHIEVE THIS OBJECTIVE. ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT THE CLUB MUST HOLD IN PERPETUITY OR FOR A DONOR-SPECIFIED PERIOD. THE CLUB INVESTS DONOR RESTRICTED FUNDS IN LOW-RISK INVESTMENTS SUCH AS MONEY MARKET FUNDS, MUTUAL FUNDS, HIGH QUALITY EQUITY SECURITIES, AND FIXED INCOME SECURITIES. THE INVESTMENT POLICY, AS APPROVED BY THE BOARD OF DIRECTORS, ESTABLISHES AN ACHIEVABLE RETURN OBJECTIVE THROUGH DIVERSIFICATION OF ASSET CLASSES. ACTUAL RETURNS IN ANY GIVEN YEAR MAY VARY FROM THIS AMOUNT. TO SATISFY ITS LONG-TERM RATE-OF-RETURN OBJECTIVES, THE CLUB RELIES ON A TOTAL RETURN STRATEGY IN WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CAPITAL APPRECIATION (REALIZED AND UNREALIZED) AND CURRENT YIELD (INTEREST AND DIVIDENDS). THE CLUB TARGETS A DIVERSIFIED ASSET ALLOCATION THAT PLACES A GREATER EMPHASIS ON EQUITY-BASED INVESTMENTS TO ACHIEVE ITS LONG-TERM RETURN OBJECTIVES WITHIN PRUDENT RISK PARAMETERS. THE CLUB'S POLICY IS TO DISTRIBUTE 5% OF THE FAIR VALUE OF THE ENDOWMENT FUNDS BEGINNING-OF-YEAR BALANCE DURING THE FISCAL YEAR. AT SUCH TIME, THE FUNDS ARE RECLASSIFIED TO NET ASSETS WITHOUT DONOR RESTRICTIONS. IF CIRCUMSTANCES ARISE THAT REQUIRE ADDITIONAL APPROPRIATIONS FOR EXPENDITURES FOR SCHOLARSHIP AND EDUCATIONAL PURPOSES, THE FINANCE COMMITTEE AND THE SCHOLARSHIP COMMITTEE WILL PRESENT THEIR PROPOSAL TO THE BOARD OF DIRECTORS FOR THEIR VOTE AND APPROVAL. EXPENDITURES ARE EXPECTED TO BE APPROVED IF THEY ARE DETERMINED TO BE PRUDENT. PART X, LINE 2: AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, THE CLUB RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF A TAX POSITION ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. FOR TAX POSITIONS MEETING THE MORE-LIKELY-THAN-NOT THRESHOLD, THE AMOUNT RECOGNIZED IN THE FINANCIAL STATEMENTS IS THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING RECOGNIZED UPON ULTIMATE SETTLEMENT WITH THE RELEVANT TAX AUTHORITY. THE CLUB CONSIDERED ALL TAX POSITIONS FOR WHICH THE STATUE OF LIMITATIONS REMAINED OPEN AND DETERMINED THERE WERE NO MATERIAL UNRECOGNIZED TAX BENEFITS AS OF JUNE 30, 2024 AND 2023. THE FISCAL YEARS ENDED JUNE 30, 2020, 2021, 2022 AND 2023 ARE STILL OPEN TO AUDIT BY THE TAX AUTHORITIES FOR BOTH FEDERAL AND STATE PURPOSES. GOLF 218275 75200 143075 GALA 264841 127641 137200 6 421085 41750 379335 904201 244591 659610 659610 43150 0 43150 43150 CA 1 0 0 0 THE ORGANIZATION 680 FILBERT STREET SAN FRANCISCO CA 94133 0 0 1 SCHOLARSHIPS 40 367750 PART I, LINE 2: STUDENTS FILL OUT A FINANCIAL AID FORM TO DETERMINE IF THEY ARE QUALIFIED TO RECEIVE ASSISTANCE. IN ADDITION, IF ADDITIONAL FUNDS ARE AVAILABLE, THE EXECUTIVE DIRECTOR MAY REACH OUT TO GRAMMAR SCHOOL PRINCIPALS TO INQUIRE IF THERE ARE FAMILIES THAT COULD USE ASSISTANCE, BUT DID NOT APPROACH THE ORGANIZATION FOR HELP. X 0 0 0 0 0 0 0 0 0 PART I, LINE 3 THE BOARD OF DIRECTORS APPROVES EMPLOYEE COMPENSATION. X EXCURSION AND VACATION PACKAGES 1 35850 FMV X GIFT BAG/BASKET 29 8135 FMV X DINNER VOUCHERS 10 1325 FMV X JEWELRY 1 1246 FMV X TICKETS 3 930 FMV X ART 6 300 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE DIRECTOR AND THE FINANCE COMMITTEE CHAIR REVIEW THE RETURNS PRIOR TO FILING. FORM 990, PART VI, SECTION C, LINE 18 TAX RETURNS ARE AVAILABLE VIA GUIDESTAR. FORM 990, PART VI, SECTION C, LINE 19 NO GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC.