2025-03-31T14:41:43-05:00 2024-06-30 881478669 CBIZ ADVISORS LLC 53 STATE STREET BOSTON MA 02109 990 2023-07-01 020460079 BOYS AND GIRLS CLUB OF GREATER NASHUA INC CHARITABLE FOUNDATION BOYS 6038830523 ONE POSITIVE PLACE NASHUA NH 03060 MICHAEL JEANS CHAIRPERSON 6036737204 2025-03-25 1 1 DOUGLAS FARRINGTON P00370668 6178075000 2025-03-25 2023 2025-03-06 01:10:19Z MICHAEL JEANS ONE POSITIVE PLACE NASHUA NH 03060 498768 0 X NA X 1992 NH TO SUPPORT THE YOUTH DEVELOPMENT PROGRAMS AT THE BOYS AND GIRLS CLUB OF GREATER NASHUA;TO INVEST FUNDING PROVIDED TO BOYS AND GIRLS CLUB OF GREATER NASHUA IN SUPPORT OF THEIR YOUTH DEVELOPMENT PROGRAMS. 10 9 0 12 0 0 17383 35593 0 0 118077 186581 0 0 135460 222174 266472 302464 0 0 0 0 0 0 0 28915 36758 295387 339222 -159927 -117048 5881369 6364375 297335 353423 5584034 6010952 TO PROVIDE FUNDING TO THE BOYS AND GIRLS CLUB OF GREATER NASHUA IN SUPPORT OF THEIR YOUTH DEVELOPMENT PROGRAMS. 0 0 302464 302464 TO PROVIDE FUNDING TO THE BOYS AND GIRLS CLUB OF GREATER NASHUA IN SUPPORT OF THEIR YOUTH DEVELOPMENT. 302464 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 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 10 9 0 0 0 0 0 1 0 1 1 0 0 1 1 0 1 1 0 0 0 0 NH X THE ORGANIZATION 6038830523 ONE POSITIVE PLACE NASHUA NH 03060 HANNAH MCCARTHY TRUSTEE 0.50 0.00 X 0 0 0 DAVID HEATH TRUSTEE 0.50 0.00 X 0 0 0 JOHN J DAGIANIS MD TRUSTEE 0.50 0.00 X 0 0 0 MICHAEL JEANS CHAIRPERSON 2.00 1.00 X X 0 0 0 THANASI C LIAKOS TRUSTEE 0.50 1.00 X 0 0 0 RICHARD LOVERING TRUSTEE 0.50 0.00 X 0 0 0 SALVATORE P MAGNANO TRUSTEE 0.50 1.00 X 0 0 0 DR ROBERT R MOHEBAN TRUSTEE - OFFBOARDED 10/2023 0.50 0.00 X 0 0 0 THOMAS F MONAHAN TRUSTEE - OFFBOARDED 11/2023 0.50 0.00 X 0 0 0 CRAIG FITZGERALD EXECUTIVE DIRECTOR 0.50 40.00 X 0 166884 42948 JOHN KOUTSOS TRUSTEE/VP - OFFBOARDED 6/2024 0.50 0.00 X X 0 0 0 MARK W BEGOR JR TRUSTEE 0.50 0.00 X 0 0 0 0 166884 42948 0 0 1 0 0 35593 35593 150764 150764 312411 276594 35817 35817 35817 222174 0 0 186581 302464 302464 2800 2800 28372 28372 5586 5586 339222 302464 36758 0 5737575 6211508 143794 152867 5881369 6364375 297335 353423 297335 353423 X 5584034 6010952 5584034 6010952 5881369 6364375 X -117048 534892 9074 X 0 0 0 X X 1 BOYS & GIRLS CLUB OF GREATER NASHUA INC 237058376 7 1 302464 0 1 302464 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X 1 1 PART IV SECTION D, LINE 2A THE BOYS CLUB OF NASHUA (LATER RENAMED BOYS & GIRLS CLUB OF GREATER NASHUA INC. OR "THE CLUB") STARTED ITS ENDOWMENT FUND IN AUGUST OF 1977 WHEN THE TREASURER OF THE BOARD OF DIRECTORS OPENED A CERTIFICATION OF DEPOSIT IN THE AMOUNT OF $4,754. THE MISSION STATEMENT OF THE ENDOWMENT FUND WAS TO PRESERVE THE PRINCIPAL AND DERIVE INCOME TO HELP THE ENDOWMENT FUND GROW. ON MARCH 19, 1992, THE CHAIRMAN OF THE THE CLUB'S ENDOWMENT COMMITTEE, MAILED A NOTICE TO THE BOARD OF DIRECTORS FOR THE ESTABLISHMENT OF A FOUNDATION. THE BOARD UNANIMOUSLY APPROVED THE FORMATION OF THE FOUNDATION. THE BY-LAWS OF THE BOYS & GIRLS CLUB OF GREATER NASHUA CHARITABLE FOUNDATION ("FOUNDATION") REQUIRE CERTAIN INDIVIDUALS FROM THE BOYS & GIRLS CLUB OF GREATER NASHUA, INC. TO BE ON THE BOARD OF FOUNDATION. EXCERPT FROM ARTICLE VII OF THE AMENDED BY-LAWS DATED NOVEMBER 18, 1997: "A MINIMUM OF TWO TRUSTEES SHALL BE NOMINATED FROM AND ELECTED BY THE BOARD OF DIRECTORS OF THE BOYS & GIRLS CLUB OF GREATER NASHUA, INC. EACH BEING ELECTED FOR A TERM OF THREE YEARS." EXCERPTS FROM ARTICLE VII OF THE AMENDED BY-LAWS DATED DECEMBER 17, 1992: "ONE TRUSTEE SHALL BE EXECUTIVE DIRECTOR OF THE BOYS' CLUB OF NASHUA, INC. WHO SHALL SERVE AS A TRUSTEE FOR AS LONG AS HE OR SHE IS EMPLOYED BY THE CLUB AS EXECUTIVE DIRECTOR. THE PRESIDENT OF THE BOY'S CLUB OF NASHUA, INC. SHALL HAVE INITALLY APPOINTED TWO ADDITIONAL TRUSTEES OF THIS FOUNDATION FOR A TERM OF ONE YEAR. THEREAFTER THE TRUSTEES SHALL ELECT A NOMINATING COMMITTEE FROM AMONG THEMSLEVES CONSISTING OF AT LEAST THREE MEMBERS. THE NOMINATING COMMITTEE SHALL NOMINATE ONE PERSON TO SERVE AS TRUSTEE FOR ONE YEAR, AND ONE PERSON TO SERVE AS A TRUSTEE FOR TWO YEARS TO REPLACE THOSE INITALLY APPOINTMEED BY THE PRESIDENT. THEREAFTER THE NOMINATING COMMITTEE SHALL NOMINATE THEIR SUCCESSORS UPON THE EXPIRATION OF THE PRECEDING TERM. SUCH NOMINEES SHALL BE ELECTED UPON VOTE OF A MAJORITY OF ALL THE TRUSTEES THEN IN OFFICE. NONE OF THE TWO TRUSTEES SO ELECTED SHALL BE AN OFFICER, DIRECTOR, OR EMPLOYEE OF THE CLUB, BUT MAY BE AN ADVISORY BOARD MEMBER." "THE SECRETARY OF THE FOUNDATION SHALL BE THE EXECUTIVE DIRECTOR OF THE CLUB WHO SHALL REMAIN A SECRETARY FOR AS LONG AS HE OR SHE IS EMPLOYED BY THE CLUB AS EXECUTIVE DIRECTOR AND WHOSE SERVICE AS SECRETARY SHALL CEASE IMMEDIATELY UPON TERMINATION OF EMPLOYMENT AS EXECUTIVE DIRECTOR." SECTION D, LINE 3 SINCE THE EXECUTIVE DIRECTOR OF THE CLUB IS ALSO A TRUSTEE OF THE FOUNDATION, THE SENIOR LEADERSHIP OF THE SUPPORTED ORGANIZATION HAS GOVERNANCE RESPONSIBILITY OVER THE FOUNDATION INCLUDING ITS INVESTMENT PRACTICES. SINCE THE TWO ORGANIZATIONS ARE OPERATED CLOSELY WITH EACH OTHER, THE SUPPORTED ORGANIZATION HAS INSIGHT AND OVERSIGHT OVER THE INVESTMENTS IN THE FOUNDATION. PART IV, SECTION E, LINE 2A: DISTRIBUTIONS WERE TO THE BOYS AND GIRLS CLUB OF GREATER NASHUA INC. THE TWO ORGANIZATIONS WORK IN CONJUNCTION TO ENSURE THERE ARE SUFFICIENT OPERATING FUNDS. THE CLUB REVIEWS ITS BUDGET AND REQUESTS THE NECESSARY FUNDS FROM THE FOUNDATION. PART IV, SECTION E, LINE 2B: THE ENDOWMENT OF THE CLUB IS MAINTAINED BY THE FOUNDATION. THE PURPOSE OF THE FOUNDATION IS TO RAISE MONEY AND MAINTAIN THE ENDOWMENT TO PROVIDE FOR THE FINANCIAL STABILITY OF THE CLUB. PRIOR TO THE FORMATION OF THE FOUNDATION, THE CLUB MAINTAINED ITS OWN ENDOWMENT. CURRENTLY, THE ENDOWMENT HELD BY THE FOUNDATION IS SHOWN ON THE FINANCIAL STATEMENTS OF THE CLUB AS A BENEFICIAL INTEREST IN TRUST. 0 0 5881369 35593 758263 302464 8386 6364375 5534738 17383 616360 266472 20640 5881369 6530364 100343 -788841 278031 29097 5534738 5046726 284264 1493160 266428 27358 6530364 5133177 95583 54964 210072 26926 5046726 0.00000 0.00000 1.00000 0 0 0 SCHOLARSHIP FUNDS HELD FOR BGCGN 353423 353423 PART V, LINE 4: THE CLUB IS THE SOLE BENEFICIARY OF THE BOYS AND GIRLS CLUB OF GREATER NASHUA CHARITABLE FOUNDATION TRUST (THE FOUNDATION). THE FOUNDATION IS A 501(C)(3) TRUST ESTABLISHED IN 1992 FOR THE SOLE PURPOSE OF HOLDING, INVESTING, AND MANAGING THE CLUB'S ENDOWMENT FUNDS ON BEHALF OF THE CLUB. THE FOUNDATION IS GOVERNED BY AN INDEPENDENT BOARD CONSISTING OF THIRTEEN TRUSTEES, THREE OF WHOM ARE ALSO DIRECTORS OF THE CLUB. THE FAIR MARKET VALUE OF THE FUNDS HELD BY THE FOUNDATION IS INCLUDED ON THE CLUB'S FINANCIAL STATEMENTS ENTITLED "BENEFICIAL INTEREST". CURRENTLY, IT IS THE FOUNDATION'S POLICY TO CONTRIBUTE TO THE CLUB'S OPERATING BUDGET AN AMOUNT EQUAL TO FIVE PERCENT (5%) OF THE FOUNDATION'S LATEST THREE-YEAR AVERAGE NET ASSETS. ENDOWMENT FUNDS ARE USED TO MAINTAIN, SUPPORT, AND PROMOTE THE BOYS AND GIRLS CLUB OF GREATER NASHUA, INC. IN ITS MISSION TO ENABLE THE YOUNG PEOPLE OF NASHUA AND ITS SURROUNDING COMMUNITIES TO REACH THEIR FULL POTENTIAL. 1 BOYS AND GIRLS CLUB OF GREATER NASHUA INC ONE POSITIVE PLACE NASHUA NH 03060 237058376 501(C)(3) 302464 0 TO SUPPORT THE YOUTH DEVELOPMENT PROGRAMS OF THE CLUB. 1 0 PART I, LINE 2: THE BOARD REVIEWS THE MONTHLY FINANCIAL STATEMENTS AND PROGRAMS OFFERED BY THE CLUB ON A REGULAR BASIS. THE BOARD MEETS WITH THE EXECUTIVE DIRECTOR OF THE CLUB. 0 0 0 0 0 0 0 0 0 CRAIG FITZGERALD EXECUTIVE DIRECTOR 0 166884 0 0 0 0 0 13800 0 29148 0 209832 0 0 PART I, LINE 3: THE RELATED ORGANIZATION, BOYS AND GIRLS CLUB OF GREATER NASHUA, COMPENSATES THE EXECUTIVE DIRECTOR AND USES THE FOLLOWING METHODS TO ESTABLISH THEIR COMPENSATION: - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE FORM 990, PART VI, SECTION A, LINE 7A EXCERPT FROM THE AMENDED BY-LAWS ARTICLE VII DATED NOVEMBER 18, 1997, "A MINIMUM OF TWO TRUSTEES SHALL BE NOMINATED FROM AND ELECTED BY THE BOARD OF DIRECTORS OF THE BOYS & GIRLS CLUB OF GREATER NASHUA, INC. EACH BEING ELECTED FOR A TERM OF THREE YEARS." EXCERPTS FROM THE AMENDED BY-LAWS ARTICLE VII DATED DECEMBER 17, 1992, "ONE TRUSTEE SHALL BE EXECUTIVE DIRECTOR OF THE BOYS' CLUB OF NASHUA, INC. WHO SHALL SERVE AS A TRUSTEE FOR AS LONG AS HE OR SHE IS EMPLOYED BY THE CLUB AS EXECUTIVE DIRECTOR. THE PRESIDENT OF THE BOY'S CLUB OF NASHUA, INC. SHALL HAVE INITALLY APPOINTED TWO ADDITIONAL TRUSTEES OF THIS FOUNDATION FOR A TERM OF ONE YEAR. THEREAFTER THE TRUSTEES SHALL ELECT A NOMINATING COMMITTEE FROM AMONG THEMSLEVES CONSISTING OF AT LEAST THREE MEMBERS. THE NOMINATING COMMITTEE SHALL NOMINATE ONE PERSON TO SERVE AS TRUSTEE FOR ONE YEAR, AND ONE PERSON TO SERVE AS A TRUSTEE FOR TWO YEARS TO REPLACE THOSE INITALLY APPOINTMEED BY THE PRESIDENT. THEREAFTER THE NOMINATING COMMITTEE SHALL NOMINATE THEIR SUCCESSORS UPON THE EXPIRATION OF THE PRECEDING TERM. SUCH NOMINEES SHALL BE ELECTED UPON VOTE OF A MAJORITY OF ALL THE TRUSTEES THEN IN OFFICE. NONE OF THE TWO TRUSTEES SO ELECTED SHALL BE AN OFFICER, DIRECTOR, OR EMPLOYEE OF THE CLUB, BUT MAY BE AN ADVISORY BOARD MEMBER." "THE SECRETARY OF THE FOUNDATION SHALL BE THE EXECUTIVE DIRECTOR OF THE CLUB WHO SHALL REMAIN A SECRETARY FOR AS LONG AS HE OR SHE IS EMPLOYED BY THE CLUB AS EXECUTIVE DIRECTOR AND WHOSE SERVICE AS SECRETARY SHALL CEASE IMMEDIATELY UPON TERMINATION OF EMPLOYMENT AS EXECUTIVE DIRECTOR." FORM 990, PART VI, SECTION B, LINE 11B THE TAX RETURN IS DISTRIBUTED TO ALL BOARD MEMBERS FOR APPROVAL BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE EXECUTIVE DIRECTOR AND PRESIDENT REVIEW ALL TRANSACTIONS TO ENSURE NO CONFLICT OF INTEREST EXISTS. ANNUALLY THE EXECUTIVE DIRECTOR AND BOARD REVIEW THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 NO COMPENSATION IS PAID TO ANY PERSON BY THE FOUNDATION. FORM 990, PART VI, SECTION C, LINE 18 RETURNS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN CASH SURRENDER VALUE OF CHARITABLE GIFT ANNUNITY 9,074. BOYS AND GIRLS CLUB OF GREATER NASHUA INC ONE POSITIVE PLACE NASHUA NH 03060 237058376 YOUTH DEVELOPMENT NH 501(C)3 LINE 7 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 BOYS AND GIRLS CLUB OF GREATER NASHUA B 302464 CASH