2026-04-22T16:00:59-05:00 2025-06-30 010494526 Baker Newman & Noyes PO Box 507 Portland ME 04112 990 2024-07-01 020460079 Boys and Girls Club of Greater Nashua Inc Charitable Foundation BOYS 6038830523 One Positive Place Nashua NH 03060 Michael Jeans Chairperson 6038830523 2026-04-07 1 0 Connor Smart P02285543 2078792100 2026-04-07 2024 2025-03-06 01:10:19Z Craig Fitzgerald One Positive Place Nashua NH 03060 2058443 0 X N/A X 1992 NH Managing funds of the Boys and Girls Club of Greater Nashua in support of their youth programs. 10 9 0 11 0 0 35593 0 0 0 186581 232221 0 0 222174 232221 302464 344295 0 0 0 0 0 0 0 36758 37420 339222 381715 -117048 -149494 6364375 6814867 353423 327501 6010952 6487366 To provide funding to the Boys and Girls Club of Greater Nashua in support of their youth development programs. 0 0 344295 344295 0 To provide funding to the Boys and Girls Club of Greater Nashua in support of their youth development programs. 344295 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 1 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 Katie Kapsimalis 6038830523 One Positive Place Nashua NH 03060 Craig Fitzgerald Trustee/B&GCGN Executive Director 0.50 40.00 X X 0 165645 44381 Wills Begor Trustee 0.50 0.00 X 0 0 0 John J Dagianis MD Trustee 0.50 0.00 X 0 0 0 David Heath Trustee 0.50 0.00 X 0 0 0 Cindy Herweck Trustee (start 10/2024) 0.50 0.00 X 0 0 0 Timothy Kelleher Trustee (start 10/2024) 0.50 0.00 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 (end 6/2025) 0.50 1.00 X 0 0 0 Colin McHugh Trustee (start 10/2024) 0.50 0.00 X 0 0 0 Michael Jeans Chairperson 2.00 1.00 X X 0 0 0 Katie Kapsimalis Sr. Director of Finance and Business Operations 0.50 40.00 X 0 102975 41082 0 268620 85463 0 0 1 0 0 162635 162635 1895808 1826222 69586 69586 69586 232221 0 0 232221 344295 344295 2080 2080 28473 28473 6867 6867 381715 344295 37420 0 33040 6211508 6619686 152867 162141 6364375 6814867 353423 327501 353423 327501 X 6010952 6487366 6010952 6487366 6364375 6814867 X -149494 536564 89344 X 0 0 0 X X 1 Boys & Girls Club of Greater Nashua Inc 237058376 7 1 344295 0 1 344295 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X 1 1 Schedule A, Part IV, Section D, Line 2 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. One trustee shall be the Executive Director of the Boys & Girls Club of Greater 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 Boys & Girls Club of Greater Nashua, Inc. shall have initially appointed two additional trustees of this Foundation for a term of one year. Thereafter the trustees shall elect a nominating committee from among themselves 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 initially appointed 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. Schedule A, PArt IV, 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. Schedule A, Part IV, Section E, Line 2a The Foundation is a supporting organization of the Boys and Girls Club of Greater Nashua; The Club is the sole beneficiary of the Foundation. The Foundation is a 501(c)(3) trust established in 1992 for the sole purpose of holding, investing, and managing endowment funds contributed to the Foundation for the benefit of the Club's general operations and scholarships. The Foundation's Board and the Club's Board share common trustees and officers, and the Foundation's Board reviews the financial statements and programs offered by the Club on a regular basis when deciding funding disbursements. The Foundation's full Board also meets regularly with the Club's Board and Executive Director to ensure funding requests are reasonable to achieve program support and are adequately substantiated and used for their intended purposes. The Foundation has no other purpose than administering the Club's endowment and directing grants and funds from the endowment back to the Club. Schedule A, 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. Accordingly, if the Foundation did not separately maintain, manage, hold, and direct these investments on the Club's behalf, the Club would be required to devote resources and costs to these duties; as a result, these services provided by the Foundation cover operations that the Club would otherwise be burdened with accomplishing. 6364375 80070 752137 344295 37420 6814867 5881369 51486 733984 262464 40000 6364375 5534738 17383 616360 266472 20640 5881369 6530364 100343 -788841 278031 29097 5534738 5046726 284264 1493160 266428 27356 6530364 0.00000 0.00000 1.00000 0 0 0 Due to related organization 327501 327501 Part V, Line 4: The Club is the sole beneficiary of the Boys & 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 endowment funds contributed to the Foundation for the benefit of the Club's general operations and scholarships. The Foundation is governed by an independent board consisting of up to fifteen trustees, three of whom are also directors of the Club. The beneficial interest is reported at its fair value, which is estimated as the fair value of the underlying trust assets. Distributions of income from the trust assets are to be used for the Club's general operations and for scholarships. The value of the beneficial interest is adjusted annually for the change in its estimated fair value. Those changes in value are reported as changes in net assets with donor restrictions. 1 The Boys and Girls Club of Greater Nashua Inc One Positive Place Nashua NH 03060 237058376 501(c)(3) 344295 0 To support the youth development programs of the Club. 1 0 Part I, Line 2: The Foundation is a supporting organization of the Boys and Girls Club of Greater Nashua; The Club is the sole beneficiary of the Foundation. The Foundation is a 501(c)(3) trust established in 1992 for the sole purpose of holding, investing, and managing endowment funds contributed to the Foundation for the benefit of the Club's general operations and scholarships. The Foundation's Board and the Club's Board share common trustees and officers, and the Foundation's Board reviews the financial statements and programs offered by the Club on a regular basis when deciding funding disbursements. The Foundation's full Board also meets regularly with the Club's Board and Executive Director to ensure funding requests are reasonable to achieve program support and are adequately substantiated and used for their intended purposes. 0 0 0 0 0 0 0 1 0 Craig Fitzgerald Trustee/B&GCGN Executive Director 0 154145 0 11500 0 0 0 9249 0 35132 0 210026 0 0 Part I, Line 3 The Foundation is a supporting organization of the Boys and Girls Club of Greater Nashua; The Club is the sole beneficiary of the Foundation. The Foundation is a 501(c)(3) trust established in 1992 for the sole purpose of holding, investing, and managing endowment funds contributed to the Foundation for the benefit of the Club's general operations and scholarships. As a result, the Foundation does not itself maintain any employees, or pay any compensation, wages, or benefits. Compensation and benefits offered to the Foundation's officers as reported on this Part VII and Schedule J are paid by the supported organization, the Boys and Girls Club of Greater Nashua, and are therefore subject to the Club's compensation review and approval procedures. The Club's Executive Committee and Personnel Committee review each position's compensation with information provided by third parties. Part I, Line 7 A portion of compensation is at-risk and variable, and payment depends on the quality of job performance. Form 990, Part VI, Section A, line 7a 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. One trustee shall be the Executive Director of the Boys & Girls Club of Greater 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 Boys & Girls Club of Greater Nashua, Inc. shall have initially appointed two additional trustees of this Foundation for a term of one year. Thereafter the trustees shall elect a nominating committee from among themselves 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 initially appointed 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 Form 990 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 C, line 19 The Form 990 return and governing documents are available to the public upon request. Form 990, Part XI, line 9: Change in cash surrender value of charitable gift annuity 9,274. Net transfers (to)/from affiliates 80,070. The 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 0 0 0 0 0