Dear Friends of BCNY: This last year has been a period of transition, reorganization and self‐assessment at The Boys’ Club of New York (BCNY). It has also been a time for program expansion and planning for the future. Of course, whatever else we may be doing as an organization, we continue to serve thousands of disadvantaged boys and young men with a full range of critically needed youth development, academic, athletic, and cultural enrichment programs. In the course of our planning over the past year we have clarified the principles that inform and drive our work. First, our clubhouses are the core of BCNY and must be strong, vibrant, and offer a wide range of high‐quality, hands‐on activities that will engage boys from ages six to eighteen. To meet this mandate, we continue to develop new programs, enhance our existing offerings, and collaborate with other not‐for‐profit organizations and community partners. Second, while academic support remains an important part of what we do, the youth development model that has been our foundation for 135 years continues to be the centerpiece of our mission. As schools focus almost exclusively on raising test scores, they increasingly ignore the importance of helping youth acquire social competencies such as empathy, initiative, cooperation, self‐control, and goal setting. Ironically, there is an emerging consensus that these attributesoften referred to as soft skills but more accurately called life skills are critical to success in college and at work. So while we want all our boys to be proficient academically, we also want them to work well with others, communicate clearly, enjoy a healthy lifestyle, and behave responsibly. For we know that character, civility, and citizenship, the hallmarks of The Boys’ Club since 1876, are just as important to adult success as a high GPA or SAT score. Third, our dedicated, high performing staff is the key to our programs. We must continue to recruit talented professionals and provide them with clear expectations, regular supervision, and appropriate training. With our powerful new film, “Building Better Boys,” created by Trustee Dennis Powers, we are able for the first time to tell the BCNY story in a way that resonates with alumni, funders, trustees, and the general public. Everyone who has seen the film has been touched by its humanity and how well it connects our illustrious history with our current membership and programs. Combined with our new promotional materials and our redesigned website, we are confident that we have the tools to raise our profile and move us from being New York City’s ‘best‐kept secret’ to an organization that is a widely acknowledged leader in the youth development field. Along with a stronger array of marketing materials, we are embarking on a project to more systematically assess the quality and effectiveness of our programs. We know we make a difference based on the many personal stories provided by our alumni about how The Boys’ Club changed their lives and, in some cases, was the difference between graduating from school or embarking on a life of crime and prison. Yet, while we are sure that our programs play a major and very positive role in the lives of the boys we serve, we also know that to move the organization forward we must be responsive to the demands of funders and create an up‐to‐date system for collecting relevant data on critical indicators. Our new program development staff has hit the ground running and is working closely and collaboratively with the clubhouse staff to spearhead an initiative to develop measurable goals and create a robust automated data collection system. These initiatives will provide us with the information we need to measure the impact we have on our members. 2 BCNY’s accomplishments in the last nine months include:  Returning services for the Intermediates (high school age boys) in each clubhouse.  Hiring Education Directors in each clubhouse to reorganize and revitalize homework help. Under their leadership, we also developed Learning Centers in each clubhouse to provide individual and small‐group tutoring, and create academic clubs.  Moving more than $300,000 from administration into the clubhouse budgets. This allowed us to increase and enhance services without increasing the overall organizational budget.  Reducing the draw on our endowment by nearly $1 million from the previous fiscal year.  Successfully closed‐out our Campaign for the 21st Century fundraising drive.  Initiating a review of the effectiveness of the READ program, including its curriculum and assessment process, which subsequently led to a restructuring of the program under the supervision of the Education Directors.  Beginning collaboration with the Haskins Institute and the Steinhart School of Culture, Education and Human Development at NYU to enhance our literacy services, particularly for our younger members.  Developing a vibrant rental program that has produced a steady and growing stream of income without negatively impacting our facilities or program operations.  Initiating an effort at the Harriman Clubhouse to reach out to local schools to escort younger boys to the clubhouse. This has led to a significant increase in daily attendance.  Developing mutually beneficial relationships with businesses and community organizations in Somerset County, the New Jersey location of Camp Cromwell.  Creating a new website and high‐quality promotional materials to raise our profile with foundations and potential funders, and to provide our member families with current and user‐
friendly information. The year ahead promises to be exciting, challenging, and full of promise, as we are confident we are poised to make major strides in establishing BCNY as New York City’s premier youth development organization serving boys. On behalf of our Trustees, members of the Women’s Board, and our fine staff, we want to thank our donors for their support and encouragement. We look forward to working with you to make our 135th year The Boys’ Club’s best ever. President, Board of Trustees Executive Director 3 STATEMENTS OF FINANCIAL POSITION
AS OF SEPTEMBER 30, 2010 AND 2009
Assets
Cash and cash equivalents
Contributions receivable, net
Prepaid expenses and other assets
Investments
Land, buildings, and equipment, net
Total Assets
2010
2009
$
61,903
9,097,705
406,656
56,468,819
23,469,032
$
137,816
7,018,530
618,554
52,730,112
24,770,911
$
89,504,115
$
85,275,923
$
349,814
765,168
4,728,288
1,078,927
$
641,512
191,750
3,927,716
1,059,985
Liabilities and Net Assets
Liabilities:
Accounts payable and accrued expenses
Deferred revenue
Accrued pension benefit obligation
Asset retirement obligation
Total Liabilities
Net assets:
Unrestricted:
Designated for endowment
Net investment in land, buildings, and equipment
6,922,197
$
Total Unrestricted
Temporarily restricted
Permanently restricted
Total Net Assets
Total Liabilities and Net Assets
“My mom signed me up for The Boys’ Club four years ago,
when I was six years old. I've been busy ever since, learning to
swim, playing drums cooking in the Chef's Club, playing
basketball in the Mini-Hoops Program and learning all kinds of
things in READ. I've also developed as a leader, helping other
boys work out their differences. The Boys' Club has given me
the chance to all of these things. My future is looking great!"
$
23,286,470
22,390,105
5,820,963
$
17,119,617
23,710,926
45,676,575
40,830,543
10,881,519
26,023,824
7,220,956
31,403,461
82,581,918
79,454,960
89,504,115
$
85,275,923
THE BOYS' CLUB OF NEW YORK
STATEMENTS OF ACTIVITIES
AS OF SEPTEMBER 30, 2010 AND 2009
2010
2009
OPERATING REVENUE AND SUPPORT:
Contributions (1)
$
10,610,429
$
2,622,779
Special events (net of direct expenses of $540,981
and $805,500 for 9/30/10 and 9/30/09, respectively)
Investment return appropriated for operations
Food program income, program fees and other
TOTAL OPERATING REVENUE AND SUPPORT
1,449,890
3,497,050
618,870
16,176,239
1,751,723
4,851,287
354,630
9,580,419
6,656,871
1,424,030
19,425
509,951
2,174,355
325,592
7,080,604
991,375
7,614
494,065
2,333,505
308,261
11,110,224
11,215,424
1,216,342
1,294,361
1,605,380
1,193,714
2,510,703
2,799,094
13,620,927
14,014,518
2,555,312
(4,434,099)
Investment return in excess of amount appropriated for operations
Endowment contributions
1,106,583
120,363
(6,759,737)
37,075
Bequests
TOTAL NON-OPERATING ACTIVITIES
1,226,946
644,412
(6,078,250)
3,782,258
(10,512,349)
OPERATING EXPENSES
Program Services:
Clubhouse activities
Camping
Health services
Physical education
Educational services
Food program and other
Total Program Services
Supporting Services:
Management and general
Fund raising
Total Supporting Services
TOTAL OPERATING EXPENSES
EXCESS (DEFICIT) OF OPERATING REVENUE AND
SUPPORT OVER OPERATING EXPENSES
NON-OPERATING ACTIVITIES
CHANGE IN NET ASSETS BEFORE PENSION RELATED
CHANGES AND OTHER ITEMS
Pension related changes other than net periodic pension costs
Net assets - beginning of year
NET ASSETS - END OF YEAR
(1) - Reflects Grants accrued of $5 million.
(2,382,142)
(623,875)
(31,425)
3,126,958
Increase in asset retirement obligation
CHANGE IN TOTAL NET ASSETS
(30,873)
(12,925,364)
79,454,960
$
82,581,918
92,380,324
$
79,454,960
THE BOYS' CLUB OF NEW YORK
SELECTIVE FINANCIAL RATIOS
For The Years Ended September 30, 2010 and 2009
Analysis of Contributions
2010
2009
Contributions and Bequests (including special events,net)
$
12,180,682
$
5,055,989
Fundraising Expense
$
1,294,361
$
1,193,714
Fundraising Ratio
Total Contributions Receivable
11%
$
9,097,705
24%
$
7,018,530
Fundraising expense as a part of total contributions. According to BBB Wise Giving
standards the ratio should be less than 45% for fiscal 2010 and 2009.
The Primary Reserve Ratio
Expendable Net Assets
Total Expenses
2010
$
$
Primary Reserve Ratio (expressed in years)
2009
34,167,989
13,620,927
$
$
2.51:1
24,340,573
14,014,518
1.74:1
Primary Reserve Ratio - the ratio describes the Club's ability to fund from
expendable net assets should no additional operating revenues be available.
The Program Service Ratio
Total Program Services
Total Expenses
Program Service Ratio
Program Service ratio - the ratio of program expenses to total expenses.
According to BBB Wise Giving Alliance Standards the ratio
should be at leat 55% for 2010 and 2009
"My family came to New York looking for a better future,
we found it at BCNY."
2010
$
$
2009
11,110,224
13,620,927
82%
$
$
11,215,424
14,014,518
80%
Donor List
The Boys’ Club of New York expresses its deepest thanks to our Foundation and Corporate Donors.
Gifts from the following donors were received from October 1, 2009 through September 30, 2010.
Anonymous
Acquavella Galleries, Inc.
Allen & Company, Inc.
Altman Foundation
American Express Foundation
Andreeff Equity Advisors, LLC
APF Properties LLC
Artio International Equity Fund
Rose M. Badgeley Residuary Charitable Trust
Baking for Good
The Theodore H. Barth Foundation
Berkshire Country Day School
The Blackstone Group
Bloomberg, L.P.
Bristol-Myers Squibb Foundation
CA, Inc. (JK Group)
The Louis Calder Foundation
Capital Group Companies Charitable Foundation
Cashin Family Fund
CBS News
CBS Sports
Central Park Boathouse, LLC
Chilton Family Foundation
The Chisholm Foundation
Cobb Family Foundation
Coles Family Foundation
The Community Foundation of Greater
Greensboro, Inc.
Consolidated Edison, Inc.
Cox Foundation, Inc.
The Dana Foundation
The Decorators Club, Inc.
Denver Foundation
Dewey Pegno & Kramarsky, LLP
Discovery Capital Management, LLC
The T.F. Dixon Family Foundation, Inc.
Cleveland H. Dodge Foundation, Inc.
E.B. Osborn Charitable Trust
Eagle Foundation, Inc.
Sherman Fairchild Foundation
Ferragamo USA, Inc.
Ford Foundation
The Ludwig W. Frohlich Charitable Trust
Charles A. Frueauff Foundation, Inc.
Goldman Sachs Foundation
Goldman, Sachs and Company
Goodhart National Gorman Agency
Gladys & Roland Harriman Foundation
Mary W. Harriman Foundation
John A. Hartford Foundation
Charles Hayden Foundation
Hoerle Foundation
Holborn Corporation
International Business Machines Corp.
Invemed Associates, LLC
Ivor Foundation
JC Calderon Architect PC
The Kandell Fund
The Nathalie M. Kaplan Foundation
Muriel McBrien Kauffman Foundation
Peter R. and Cynthia K. Kellogg Foundation
F. M. Kirby Foundation
The H. Frederick Krimendahl II Foundation
Lattner Family Foundation, Inc.
LDK & RDK Charitable Foundation
Lehman & Eilen LLP
The Arthur Loeb Foundation
The Joe Louis International Sports
Foundation
The Marcus Foundation, Inc.
Marrus Family Foundation, Inc.
The George and Holly Mattson Family
Foundation
Maverick Capital Charities, Ltd.
MBI Group, Inc.
McGraw-Hill Companies, Inc.
The Bank of New York Mellon
Merck Partnership for Giving
Mohen & Treacy LLP
Morgan Stanley Foundation
National Basketball Association
National Park Foundation
NBC Universal
New York Jets
New York City Transit Authority
The New York Mets Foundation, Inc.
Nicholas Family Charitable Trust
Northern Lights Foundation
Pfizer Foundation Matching Gifts Programs
Pointer Management, LLC
Susanna Porter and James Clark Giving
Foundation
Putney, Twombly, Hall & Hirson LLP
R.W. Pressprich & Company, Inc.
Robert V. Rasmussen Foundation
Ravenswood Foundation
Ridgewood Savings Bank
The Rogers Family Foundation
Helena Rubinstein Foundation, Inc.
May and Samuel Rudin Family
Foundation
S3 Partners, LLC
Salem Leasing Corporation
Sandler O’Neill & Partners, L.P.
Sarah K. DeCoizart Foundation
Seroyal Co.
The Peter Jay Sharp Foundation
The Sherrill Foundation
Sidney, Milton and Leoma Foundation
Suzzette de Marigny Smith Family
Foundation
Something to Start With Fund
Stark, Amron, & Liner, LLP
The Starr Foundation
Solon E. Summerfield Foundation, Inc.
The Teagle Foundation
The Bernhill Fund
The National Collegiate Athletic
Association
The Pegasus Foundation
The Perkin Fund
The Tilghman Family Foundation
Tweedy, Browne Company, LLC
US Trust Corporation
Union Pacific Corporation
Van Eck Associates Corporation
Verizon Foundation
The Wasily Family Foundation
James & Virginia Welch Foundation
Westfield Capital Management
Wetherby Asset Management
The Wheeler Foundation
The Widgeon Point Charitable
Foundation
William Howard Flowers, Jr. Foundation
EF Williams III JR Williams Trust
The Meryl & Charles Witmer Trust
The WNPC Foundation
The Woods Foundation
YUM! Brands, Inc.
Zahringer Family Foundation
4 Trustees
Silas R. Anthony, Jr.
Chairman
Edward J. Rappa
President
Richard M. Cashin, Jr.
Vice President
James F. Curtis III
Vice President
Elbridge T. Gerry, Jr.
Vice President
Robert L. Ireland, Jr.
Vice President
Elaine Langone
Vice President
H.E. Lentz
Vice President
William G. McKnight III
Vice President
Jeffrey M. Moslow
Vice President
Dean J. Poll
Vice President
William B. Tyree
Vice President
George N. Mattson
Treasurer
Scott C. Wilson
Secretary
Stephen Tosh
Executive Director
Douglas J. Band
Friederike K. Biggs
Taylor S. Bodman
Edward S. Campanella
Valentino D. Carlotti
Richard L. Chilton, Jr.
Howard L. Clark, Jr.
Jonathan C. Clay
Dr. Struan H. Coleman
Damien Dwin
Leonard J. Elmore
Daniel Garcia
John R. Gordon
Amy Griffin
James N. Hauslein
Linda Hickox
David Y. Howe
Winston W. Hutchins
Ron Kane
John J. Koller
Harrison T. LeFrak
Judith E. Makrianes
Andrew Mann
Thorne L. Perkin
Dennis H. Powers
Christopher C. Quick
John C. Santos, Jr.
Mary E. Sheridan
Joseph V. Shields, Jr.
Jeffrey C. Smith
Murray Stark
Andrew R. Taussig
Remy W. Trafelet
Peg Tyre
Charles G. Ward III
Jacqueline R. Williams
Honorary Trustees
Don Cangelosi
Michael Carney
Thomas J. Devine
Robert M. Gardiner
H. Anthony Ittleson
Jayne Teagle Keith
Alexander M. Laughlin
Hildegarde E. Mahoney
Allan A. Ryan III
Dr. Raymond H. Schneider
Charles Sikoryak
Sidney H. Stires
Sheldon J. Tannen
Carroll L. Wainwright, Jr.
Women’s Board
Mrs. Jan F. van Eck
President
Mrs. Timothy M. George
Vice President
Mrs. Peter S. Gregory
Vice President
Mrs. John A. Griffin
Vice President
Mrs. Edward D. Kaplan
Vice President
Mrs. George B. Moore
Vice President
Mrs. Charles Ayres
Secretary
Mrs. David Y. Howe
Assistant Secretary
*Mrs. Jeremy H. Biggs
Mrs. Ashton M. Curtis
Mrs. Ellen Niven Deery
Mrs. Mark D. Eichorn
D. Brooke Harlow
Mrs. Mai Hallingby Harrison
*Mrs. Charles C. Hickox
Mrs. John R. Klopp
Dr. Elizabeth K. Krimendahl
Mrs. Francis A. L’Esperance III
Mrs. James K. Makrianes, Jr.
Mrs. William G. McKnight III
Mrs. Prakash A. Melwani
*Mrs. Arthur C. Merrill, Jr.
Mrs. Corbin R. Miller
Mrs. Donald K. Miller
Mrs. Claus Moller
Mrs. Alfred Y. Morgan III
Mrs. Gunnar S Overstrom III
Mrs. Edward D. Pardoe III
Mrs. Patricia S. Patterson
Mrs. Thorne L. Perkin
Mrs. Robert S. Pitts, Jr.
Mrs. Samuel F. Pryor IV
Mrs. John R. Robinson
Shafi Roepers
Mrs. James H. Ross
Mrs. Alexia Hamm Ryan
Mrs. Lewis van Amerongen
Mrs. Thorunn Wathne
*Mrs. Eugene F. Williams III
Mrs. Basil P. Zirinis III
Honorary Board
Mrs. Edwin M. Burke
Mrs. Charles B. Grosvenor
Mrs. William Lee Hanley, Jr.
*Mrs. Arthur V. Irwin, Jr.
*Mrs. Jayne Teagle Keith
Mrs. Kenneth G. Langone
Mrs. Alexander M. Laughlin
*Mrs. David Mahoney
Mrs. John J. McCloy II
Mrs. Minot K. Milliken
*Mrs. Joseph V. Missett III
Mrs. Nancy Phelan
Mrs. Richard I. Purnell
Mrs. Howland P. Rogers
*Mrs. Hilary Geary Ross
Mrs. Charles Scribner, Jr.
Mrs. H. Virgil Sherrill
Mrs. William Simpson
*Mrs. William W. Stahl, Jr.
Mrs. Daniel G. Tenney, Jr.
Mrs. George H. Tilghman
Mrs. Wynant D. Vanderpoel III
Mrs. Carroll L. Wainwright, Jr.
*Presidents’ Council
5 The Boys’ Club of New York Administrative Offices
Administration, Development, Finance, Special Events and Alumni Offices
287 East 10th Street – 2nd Floor
New York, NY 10009
Email: admin@bcny.org
(212) 677-1102 ext. 1148
Administration Fax: (212) 353-0016
Development Fax: (212) 375-8612
Human Resources Fax: (212) 260-6216
The Boys’ Club of New York Clubhouse Locations:
Harriman Clubhouse
287 East 10th Street
New York, NY 10009
Email: harriman@bcny.org
(212) 533-2550 ext. 1111
Fax: (212) 505-6631
Elbridge T. Gerry, Jr. Clubhouse
321 East 111th Street
New York, NY 10029
Email: gerry@bcny.org
(212) 534-2661
Fax: (212) 722-9087
Marion McMahon Abbe Clubhouse
133-01 41st Road
Flushing, NY 11355
Email: abbe@bcny.org
(718) 886-5454
Fax: (718) 886-4179
Department of Educational Services
321 East 111th Street
New York, NY 10029
Email: des@bcny.org
(212) 677-1108 ext. 124
Fax: (212) 253-1940
If you would like to learn more about The Boys’ Club of New York, visit us on the web at
www.bcny.org or contact us at (212) 677-1102 ext. 1148.
Annual Report 2010