2014-05-09T08:59:20-05:00 2013-06-30 420714325 MCGLADREY LLP 80 CITY SQUARE BOSTON MA 021293742 990 2012-07-01 042103922 BOYS & GIRLS CLUBS OF BOSTON INC BOYS 6179944700 50 CONGRESS STREET NO 730 BOSTON MA 02109 MCGLADREY LLP 6179944700 2014-05-08 1 LYNNE JOHNSON P00757336 6179129000 2012 2015-11-30 17:44:51Z JOSHUA KRAFT 50 CONGRESS STREET NO 730 BOSTON MA 02109 36385982 0 X WWW.BGCB.ORG X 1893 MA TO HELP YOUNG PEOPLE, ESPECIALLY THOSE WHO NEED US MOST, BUILD STRONG CHARACTER AND REALIZE THEIR FULL POTENTIAL AS RESPONSIBLE CITIZENS AND LEADERS. WE DO THIS BY PROVIDING: A SAFE HAVEN FILLED WITH HOPE AND OPPORTUNITY, ONGOING RELATIONSHIPS WITH CARING ADULTS AND LIFE ENHANCING PROGRAMS. 60 60 540 1366 -14102 -14102 17616954 31816632 2615704 2597604 496016 528182 -351130 -388207 20377544 34554211 82240 66809 0 0 11865286 12288566 73664 30935 2178991 5348634 6360191 17369824 18746501 3007720 15807710 72697985 92038617 3537249 2577144 69160736 89461473 X TO HELP YOUNG PEOPLE, ESPECIALLY THOSE WHO NEED US MOST, BUILD STRONG CHARACTER AND REALIZE THEIR FULL POTENTIAL AS RESPONSIBLE CITIZENS AND LEADERS. WE DO THIS BY PROVIDING: A SAFE HAVEN FILLED WITH HOPE AND OPPORTUNITY, ONGOING RELATIONSHIPS WITH CARING ADULTS AND LIFE ENHANCING PROGRAMS. 0 0 2723892 1854474 SUMMER PROGRAMS: THE SUMMER PROGRAM SERVES YOUTH AGES 6 TO 18, WITH SEPARATE PROGRAMS FOR TEENS AND FOR YOUNGER CHILDREN. ALL PROGRAMS ARE DESIGNED TO KEEP YOUNG PEOPLE OFF THE STREETS, TO EDUCATE THEM DURING THE NON-SCHOOL MONTHS, AND TO PROVIDE RECREATIONAL EXPERIENCES TO WHICH THEY MIGHT NOT OTHERWISE HAVE ACCESS. IN ADDITION, BGCB PARTNERS WITH THE CITY OF BOSTON AND THE CAMP HARBOR VIEW FOUNDATION TO OPERATE CAMP HARBOR VIEW, A SUMMER DAY CAMP FOR 11-14 YEAR OLDS, LOCATED ON LONG ISLAND IN BOSTON HARBOR. 2319205 LIFE SKILLS: THE OVERARCHING GOAL OF THE LIFE SKILLS PROGRAM IS TO ASSIST MEMBERS IN DEVELOPING HEALTHY SELF-ESTEEM, RESILIENCE, MOTIVATION AND THE ABILITY TO MAKE GOOD CHOICES. IN 1998, BGCB DETERMINED THAT MAINTAINING FULL-TIME, LICENSED SOCIAL WORKERS IN ITS CLUBS IS ESSENTIAL TO ACHIEVING ITS MISSION OF PROVIDING HOLISTIC SUPPORT FOR YOUNG PEOPLE. 2147749 75091 SHARED SPACE CLUBS: BGCB OPERATES SEVERAL SHARED SPACE CLUBS (SSCS) LOCATED IN BOSTON PUBLIC SCHOOLS OR HOUSING COMPLEXES. THE SSCS PROVIDE THE OPPORTUNITY TO SERVE MORE YOUTH WHERE THEY LIVE OR GO TO SCHOOL VIA QUALITY AFTER-SCHOOL PROGRAMS THAT ARE BASED ON THE CORE PROGRAM ELEMENTS USED IN OUR FREE-STANDING CLUBS. SSCS TYPICALLY TARGET POCKETS OF NEED WITHIN COMMUNITIES AND SERVE SELECT AGE GROUPS. 1161781 YOUTHCONNECT: YOUTHCONNECT IS AN ADVOCACY AND INTERVENTION PROGRAM OF BGCB WHOSE MISSION IS TO HELP THE MOST AT-RISK YOUNG PEOPLE MAKE POSITIVE LIFE CHOICES THROUGH TRUSTING RELATIONSHIPS WITH SKILLED AND COMPASSIONATE SOCIAL WORKERS. WE DO THIS BY INTERVENING (BEING PRESENT) AT CRITICAL MOMENTS WHEN YOUNG PEOPLE ARE EITHER ENGAGED OR AT RISK OF ENGAGING IN DELINQUENT ACTIVITY; PLACING MASTERS-LEVEL, LICENSED, CLINICAL SOCIAL WORKERS AT POLICE STATIONS THROUGH AN INNOVATIVE PARTNERSHIP WITH THE BOSTON POLICE DEPARTMENT; AND CONNECTING YOUNG PEOPLE AND THEIR FAMILIES WITH THE MOST EFFECTIVE SOCIAL SERVICES FOR THEIR INDIVIDUAL SITUATIONS. 1719492 0 SPORTS, FITNESS & RECREATION: PROGRAMS IN THIS AREA DEVELOP FITNESS, POSITIVE USE OF LEISURE TIME, STRESS MANAGEMENT SKILLS, ENVIRONMENTAL APPRECIATION, AND SOCIAL SKILLS. FROM LIFEGUARD TRAINING TO SUMMER BASKETBALL LEAGUES, BGCB MEMBERS HAVE ACCESS TO A WIDE VARIETY OF BOTH FUN AND CHALLENGING ACTIVITIES IN THE OUTDOORS AND THE CLUBS GYMNASIUMS, SWIMMING POOLS AND SOCIAL RECREATION AREAS. CURRENTLY THE AGENCY IS FOCUSING ON THE INTEGRATION OF NON-COMPETITIVE, NON-GENDER SPECIFIC ACTIVITIES SUCH AS KARATE AND YOGA. 1107282 66809 EDUCATION: THE EDUCATION CORE PROGRAM FOCUSES ON SUPPLEMENTING THE SCHOOL CURRICULUM, INCREASING HOMEWORK COMPLETION RATES, DECREASING SCHOOL ABSENTEEISM, IMPROVING CLASSROOM PERFORMANCE, AND INCREASING MEMBER'S PREPAREDNESS FOR ENTRY INTO COLLEGE AND/OR THE WORKFORCE. 1013848 0 THE ARTS: MEMBERS ARE EXPOSED TO A WIDE RANGE OF ARTS EDUCATION ACTIVITIES AND ARE CONTINUALLY ENCOURAGED TO DEVELOP NEW SKILLS AND TALENTS, TO EXPRESS THEMSELVES, AND TO EXPAND INDIVIDUAL CREATIVITY. PARTICIPATION IS NOT LIMITED TO THE OBVIOUSLY TALENTED BUT INCLUDES EVERY CHILD WHO INDICATES AN INTEREST IN THE ARTS. AT THE CLUBS, WHERE ARTS EDUCATION INCLUDES ACTIVITIES FROM MUSIC AND DANCE TO VISUAL ARTS AND CREATIVE WRITING, THE ARTS HAVE BECOME A VEHICLE FOR CROSS-CULTURAL UNDERSTANDING AND TOLERANCE. 82712 48506 MISCELLANEOUS MEMBER SERVICES: MISCELLANEOUS MEMBER PROGRAMS FOCUS ON ENSURING MEMBER PARTICIPATION IN THE CORE PROGRAMS. THE MEMBERSHIP DEPARTMENT DEALS DIRECTLY WITH OUTREACH TO THE COMMUNITY TO CONTINUE OUR MEMBER BASE. THEY MANAGE THE MEMBERSHIP DATABASE AND KEEP CURRENT PERTINENT INFORMATION ON ALL OF THE MEMBERS. 839078 LEADERSHIP AND CHARACTER DEVELOPMENT: ACTIVITIES IN THIS CORE PROGRAM AREA OCCUR WITHIN A SMALL-GROUP FORMAT THAT ENCOURAGES TRUST AND COOPERATION AND THAT ALLOWS MEMBERS TO PRACTICE AND IMPROVE THEIR DECISION-MAKING SKILLS. THE HALLMARK PROGRAMS ARE YOUTH LEADERSHIP GROUPS BASED IN EACH CLUBHOUSE: THE NATIONALLY CHARTERED TORCH CLUB (FOR YOUTH AGES 11-13) AND KEYSTONE CLUB (FOR TEENS AGES 14-18). 832863 TECHNOLOGY: THE PRIMARY GOAL OF BGCB'S TECHNOLOGY CORE PROGRAM IS TO ENABLE LOW-INCOME CHILDREN TO ACHIEVE A LEVEL OF COMFORT AND FAMILIARITY WITH TECHNOLOGY SO THAT THE COMPUTER BECOMES A USEFUL TOOL FOR INFORMATION, COMMUNICATION AND PROBLEM SOLVING. MEMBERS HAVE THE OPPORTUNITY TO COMPOSE AND RECORD DIGITAL MUSIC, PRODUCE DIGITAL ARTWORK AND PHOTOGRAPHY, USE THE INTERNET TO RESEARCH HOMEWORK TOPICS, AND TO EXPLORE ENGINEERING AND DESIGN CONCEPTS. 965434 613491 SCHOOL AGE CHILD CARE: THE OVERARCHING GOAL OF THE OCCS LICENSED PRE AND SCHOOL AGE CHILD CARE IS TO PROVIDE A SAFE, STRUCTURED ENVIRONMENT FOR CHILDREN AGES 6-12. THE AGENCY TRIES TO PROVIDE A SENSE OF FAMILY AND COMMUNITY WHILE EMPHASIZING RESPECT FOR SELVES AND OTHERS. NEW SHARED SPACE CLUB: HENNIGAN CLUB AT THE JAMES W. HENNIGAN ELEMENTARY SCHOOL IN JAMAICA PLAIN IS AN ENRICHING AFTER-SCHOOL PROGRAMFOR STUDENTS IN GRADES 1-5. MEMBERS MAY TAKE PART IN A WIDE RANGE OF ACTIVITIES, SOME OF WHICH INCLUDE: SWIMMING,GYM, TECHNOLOGY, HOMEWORK HOUR, TUTORING, AND MANY OTHERS. 7722490 66809 661997 14913336 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 1 1 1 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 178 0 1 540 1 1 1 1 CJ 0 0 0 1 1 0 0 0 0 X 60 60 1 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 MA NY X PATRICIA GANNON 6179944700 50 CONGRESS STREET SUITE 730 BOSTON MA 02109 JEFFREY BLOOMBERG 1.00 X 0 0 0 MICHAEL BRONNER 1.00 X 0 0 0 EMILY BROWN 1.00 X 0 0 0 HOLLY BRUCE 1.00 X 0 0 0 JOSEPH CAMPANELLI 1.00 X 0 0 0 LILIAN CHEUNG 1.00 X 0 0 0 MAUREEN ALPHONSE-CHARLES 1.00 X 0 0 0 LAURENCE CHUD 1.00 X 0 0 0 STEPHANIE CONNAUGHTON 1.00 X 0 0 0 MICHELE COURTON BROWN 1.00 X 0 0 0 JONATHAN DAVIS 1.00 X X 0 0 0 WILLIAM EARON 1.00 X 0 0 0 SANDRA EDGERLY 1.00 X 0 0 0 CORINNE FERGUSON 1.00 X 0 0 0 KAREN FIRESTONE 1.00 X 0 0 0 JOHN FISH 1.00 X 0 0 0 SUSAN FLORENCE 1.00 X 0 0 0 RUTHANNE FULLER 1.00 X 0 0 0 ROBERT GALLERY 1.00 X 0 0 0 MICHAEL GORDON 1.00 X 0 0 0 VICARY GRAHAM 1.00 X 0 0 0 LAWRENCE GREENBERG 1.00 X 0 0 0 DONNA HAZARD 1.00 X 0 0 0 RONALD HOMER 1.00 X 0 0 0 JOSEPH HOOLEY 1.00 X 0 0 0 DURANT HUNTER 1.00 X 0 0 0 OGDEN HUNNEWELL 1.00 X 0 0 0 BRUCE JACOBS 1.00 X 0 0 0 DAVID JOHNSON 1.00 X 0 0 0 JEFFREY JONES 1.00 X 0 0 0 DARLENE JORDON 1.00 X 0 0 0 MARILYN KEANE 1.00 X 0 0 0 BRIAN KNEZ 1.00 X 0 0 0 THOMAS KNOTT 1.00 X 0 0 0 MICHAEL KRUPKA 1.00 X X 0 0 0 JOHN MACOMBER 1.00 X 0 0 0 ELENA MATLACK 1.00 X 0 0 0 CHRISTOPHER MCKOWN 1.00 X 0 0 0 WILLIAM MCMAHON 1.00 X 0 0 0 JANICE MORRIS 1.00 X 0 0 0 BRIAN MOYNIHAN 1.00 X 0 0 0 THOMAS NIEDERMEYER 1.00 X 0 0 0 SAUL PANNELL 1.00 X 0 0 0 DAVID PEELER 1.00 X 0 0 0 BRYAN RAFANELLI 1.00 X 0 0 0 BERNADETTE REHNERT 1.00 X 0 0 0 LAURA REYNOLDS 1.00 X 0 0 0 PAUL ROONEY 1.00 X 0 0 0 MEREDITH SHACHOY 1.00 X 0 0 0 GREG SHELL 1.00 X 0 0 0 ROBERTY SMALL 1.00 X 0 0 0 DANA SMITH 1.00 X 0 0 0 R GREGG STONE 1.00 X 0 0 0 TROY STANFIELD 1.00 X 0 0 0 KIMBERLY STEIMLE 1.00 X 0 0 0 MICHAEL SWENSON 1.00 X 0 0 0 RICHARD VOKE 1.00 X 0 0 0 HEBERT WAGNER 1.00 X 0 0 0 FRANK WISNESKI 1.00 X 0 0 0 STEPHAN WOODSUM 1.00 X 0 0 0 JOSHUA KRAFT 35.00 X 286204 0 4800 ALEXANDRA FUCHS 35.00 X 168416 0 12806 PATRICIA GANNON 35.00 X 167601 0 19757 GERALD STEIMEL 35.00 X 151884 0 27351 REBECCA CRAWFORD 35.00 X 115725 0 10711 EDMUND HOELL 35.00 X 111457 0 11471 JILL GOLDWEITZ 35.00 X 121418 0 11033 1122705 0 97929 7 0 1 0 MCGLADREY LLP 80 CITY SQUARE BOSTON MA 02129 AUDIT, TAX, & IT 346221 WESTIN COPLEY 10 HUNTINGTON AVE BOSTON MA 02116 FOOD, EVENT, SPACE 134751 EMILY'S 10 CABOT ROAD 2ND FLOOR MEDFORD MA 02155 MEMBER MEALS 127652 PETERSON PARTY CENTER 36 CABOT ROAD WOBURN MA 01801 EVENT RENTALS 126329 D&J SERVICES GROUP 610 MAIN STREET WALPOLE MA 02081 CLEANING SERVICES 121111 7 612686 5468001 1259982 24475963 428685 31816632 CAMP HARBORVIEW 900099 1477805 1477805 PARENT FEES/VOUCHERS 900099 613491 613491 SUMMER PROGRAMS 900099 376669 376669 SERVICE INCOME 561000 81133 81133 MEMBERSHIP DUES & ASSESSMENTS 900099 48506 48506 2597604 372800 -2911 375711 229708 0 229708 229708 229708 645028 489646 155382 155382 155382 227290 5468001 838720 -611430 -611430 242909 238203 4706 4706 254011 265202 -11191 -11191 34554211 2597604 -14102 154077 66809 66809 872819 377457 495362 9031448 7221408 232995 1577045 1666017 1264800 107321 293896 718282 570965 41137 106180 8356 8356 81985 81985 30935 30935 30088 30088 538735 371084 167651 372520 301608 3859 67053 622103 564826 57277 89622 68931 296 20395 886164 590450 295714 214234 182447 236 31551 272170 245542 13392 13236 75 75 1671718 1586927 84791 225964 212108 13856 EQUIPMENT RENTAIL & MAI 738205 687564 26020 24621 FOOD 410412 408628 1784 0 STAFF DEVELOPMENT 101351 86937 335 14079 ADMISSION FEES 68471 68471 0 0 28018 28018 18746501 14913336 1654174 2178991 24353 35470 2254401 5512716 8711724 22125160 291668 374961 513291 825468 47718916 22603919 26228163 25114997 25333650 28414972 9340735 9634873 72697985 92038617 3146735 2332610 390514 244534 3537249 2577144 X 29262866 29523270 10675952 26188397 29221918 33749806 69160736 89461473 72697985 92038617 X 15807710 3372329 1120698 X 0 1 X 1 1 1 X 9087601 10317827 13757774 17616954 31816632 82596788 9087601 10317827 13757774 17616954 31816632 82596788 13609811 68986977 367023 395820 568941 936408 602508 2870700 28122 33786 25870 87778 556214 352464 373903 378127 470199 2130907 87686173 26143870 0.78670 0.83620 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 33379655 1182747 3870422 1271652 37161172 29186608 5764668 -385905 1185716 33379655 27324930 99198 3384593 880794 741319 29186608 29679902 232176 581580 3168728 27324930 30932381 429495 -1086660 595314 29679902 0.11000 0.77000 0.12000 0 0 160275 160275 44928267 20482865 24445402 2630374 2121054 509320 25114997 INTERNATIONAL BONDS 900 F DOMESTIC AND INTERNATIONAL EQUITY 2778729 F ALTERNATIVE INVESTMENTS 6855244 F 9634873 X 40814549 3372329 425186 1120698 4918213 35896336 -1342125 -1342125 34554211 20513812 425186 1342125 1767311 18746501 0 18746501 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE ORGANIZATION QUALIFIES AS A PUBLIC CHARITY UNDER INTERNAL REVENUE CODE SECTION 170(B)(I)(A)(VI), AND HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE TO BE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION HAS IMPLEMENTED THE GUIDANCE FOR INCOME TAXES IN ACCORDANCE WITH ASC TOPIC 740, AS IT RELATES TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH CLARIFIES THE TREATMENT OF THE ORGANIZATION'S POSITION OF ACCOUNTING FOR INCOME TAXES RECOGNIZED IN THE FINANCIAL STATEMENTS. THE GUIDANCE ALSO PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT STANDARD FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF AN INCOME TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN THE TAX RETURN. IN ADDITION, IT PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. MANAGEMENT BELIEVES THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS AT JUNE 30, 2013 OR 2012. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR FISCAL YEARS BEFORE 2010. INTEREST AND PENALTIES, IF ANY, ARE INCLUDED IN INCOME TAX EXPENSE. PART XI, LINE 2D - OTHER ADJUSTMENTS: PENSION LIABILITY ADJUSTMENT 1,120,698. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE REPORTED ON FORM 990, PART VIII, LINE 8B -838,720. COST OF GOODS SOLD REPORTED ON FORM 990, PART VIII, LINE 10B -265,202. GAMING EXPENSE REPORTED ON FORM 990, PART VIII, LINE 9B -238,203. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE REPORTED ON FORM 990, PART VIII, LINE 8B 838,720. COST OF GOODS SOLD REPORTED ON FORM 990, PART VIII, LINE 10B 265,202. GAMING EXPENSE REPORTED ON FORM 990, PART VIII, LINE 9B 238,203. X X X X X X X 1 AMERGENT 9 CENTENNIAL DRIVE PEABODY MA 01960 DIRECT MAIL 0 68145 50415 17730 THE WAYLAND GROUP 323 BOSTON POST ROAD SUDBURY MA 01776 CAMPAIGN CONSULTING 0 0 68373 -68373 68145 118788 -50643 MA NY HOUSE PARTY 3053345 2969345 84000 375865 ANNUAL DINNER 1770650 1702150 68500 122160 68826 20 871296 796506 74790 271869 5695291 5468001 227290 122160 716560 838720 -611430 242909 163110 53902 21191 1 0.40000 242909 163110 53902 21191 238203 4706 MA 1 0 1 0 1.00000 DAVID LIBBY 50 CONGRESS STREET SUITE 730 BOSTON MA 02109 0 PATRICIA MCCORMICK PATRICIA MCCORMICK IS PART OF THE STAFF AT THE SOUTH BOSTON BOYS AND GIRLS CLUB. MANAGING THE WEEKLY BEANO GAME IS PART OF HER REGULAR JOB DUTIES. 0 1 SCHOLARSHIPS 75 66809 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: HIGH SCHOOL AND COLLEGE SCHOLARSHIPS ARE GRANTED TO MEMEBERS THROUGH AN APPLICATION PROCESS IN WHICH THE ORGANIZATION DETERMINES THE QUALIFICATIONS OF THE INDIVIDUAL APPLICANTS. IN ADDITION, THE ORGNAIZATION PROVIDES SCHOLARSHIPS FOR MEMBERS TO ATTEND SPORT CAMPS DURING THE YEAR. X X X X 0 0 0 0 0 0 0 0 0 JOSHUA KRAFT 238567 0 47277 0 360 0 0 0 4800 0 291004 0 0 0 ALEXANDRA FUCHS 152726 0 15450 0 240 0 3300 0 9506 0 181222 0 0 0 PATRICIA GANNON 151756 0 15485 0 360 0 3300 0 16457 0 187358 0 0 0 GERALD STEIMEL 136187 0 14113 0 1584 0 3050 0 24301 0 179235 0 0 0 X 80032 FMV X EVENT TICKETS 175 195223 FMV X SOCIAL RECREATION 102 75105 FMV X COMPUTER HARDWARE 58 28435 FMV X SERVICES 12 49890 FMV 0 1 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTIONS: PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS IS BASED ON THE NUMBER OF DONATIONS RECEIVED. FORM 990, PART VI, SECTION A, LINE 2 JOHN FISH (DIRECTOR) AND KIMBERLY STEIMLE (DIRECTOR) HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION'S DIRECTORS HAVE AND MAY EXERCISE THE POWERS AND DUTIES OF MEMBERS AS DESCRIBED IN THE BY-LAWS AND ARTICLES OF ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION'S DIRECTORS HAVE AND MAY EXERCISE THE POWERS AND DUTIES OF MEMBERS AS DESCRIBED IN THE BY-LAWS AND ARTICLES OF ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF DIRECTORS ANNUALLY APPROVES NEW MEMBERS OF THE BOARD OF DIRECTORS, THE BOARD OF OVERSEERS AND THE OFFICERS THAT ARE RECOMMENDED BY THE GOVERNANCE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 WILL BE COMPLETED ANNUALLY BY MANAGEMENT AND THE OUTSIDE ACCOUNTANTS, AND A DRAFT WILL BE REVIEWED WITH THE AUDIT COMMITTEE. THE AUDIT COMMITTEE WILL HAVE THE AUTHORITY TO APPROVE THE FINAL FORM 990 FOR FILING WITH THE IRS. A PUBLIC DISCLOSURE COPY OF THE FINAL FORM 990 WILL BE PROVIDED TO EACH VOTING MEMBER OF THE BOARD, EITHER ELECTRONICALLY OR IN PAPER FORM, PRIOR TO ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR AND ADMINISTRATION OFFICIAL OF BGCB FILE AN ANNUAL DISCLOSURE STATEMENT LISTING ALL THOSE RELATIONSHIPS HE OR SHE, OR A RELATED PARTY, MAINTAINS WITH ANY PERSON OR ORGANIZATION THAT DOES BUSINESS WITH BGCB AND WHICH CONSTITUTE, OR WHICH OTHERWISE COULD BE CONSTRUED AS, MATERIAL AFFILIATIONS POTENTIALLY AFFECTING HIS OR HER INDEPENDENT, UNBIASED JUDGMENT IN LIGHT OF HIS OR HER DECISION-MAKING AUTHORITY OR RESPONSIBILITY, AND LISTING ANY CONFIDENTIAL INFORMATION FROM WHICH HE OR SHE, OR ANY RELATED PARTY TO WHOM HE OR SHE WOULD DISCLOSE IT, RECEIVES OR WOULD ANTICIPATE RECEIVING ANY SUBSTANTIAL FINANCIAL OR OTHER BENEFIT. ALL DISCLOSURE STATEMENTS SHOULD BE COMPLETED, SIGNED AND PRESENTED TO THE PRESIDENT'S OFFICE NOT LATER THAN OCTOBER 1ST OF EACH YEAR. ALL DIRECTORS AND ADMINISTRATION OFFICIALS DISCLOSE TO THE PRESIDENT'S OFFICE (1) AS THEY ARISE, ALL MATERIAL AFFILIATIONS ARISING AFTER THE FILING OF THEIR MOST RECENT DISCLOSURE STATEMENT AND ANY CONFIDENTIAL INFORMATION FROM WHICH THEY HAVE RECEIVED OR ANTICIPATE RECEIVING ANY SUBSTANTIAL FINANCIAL OR OTHER BENEFIT, AND (2) UPON REQUEST, ALL AMOUNTS KNOWN BY THEM TO HAVE BEEN PAID TO PERSONS OR ORGANIZATIONS WITH WHOM THEY HAVE MATERIAL AFFILIATIONS. AFFILIATIONS BETWEEN DIRECTORS AND ADMINISTRATION OFFICIALS RESPONSIBLE FOR BGCB'S INVESTMENTS OR DEPOSITS AND THE COMPANIES IN WHICH SUCH INVESTMENTS OR DEPOSITS ARE MADE NEED NOT BE DISCLOSED WHEN THE INVESTMENT IS MADE BY AN INVESTMENT MANAGER OR ADVISOR, OR WHEN THE DEPOSIT IS MADE BY AN OFFICER OR EMPLOYEE WITH A PREAUTHORIZED DEPOSITORY, BUT SUCH AFFILIATIONS SHALL BE DISCLOSED (AND THE POLICY ON NON-PARTICIPATION SHALL APPLY) IN CONNECTION WITH ANY INVESTMENT OR DEPOSIT IN A PARTICULAR COMPANY DIRECTLY TO BE MADE OR AUTHORIZED BY SUCH DIRECTOR OR ADMINISTRATION OFFICIAL OR BY A COMMITTEE ON WHICH HE OR SHE SERVES. THE PRESIDENT MAINTAINS A RECORD OF ALL MATERIAL AFFILIATIONS, BENEFITS FROM CONFIDENTIAL INFORMATION AND PAYMENTS TO AFFILIATED PERSONS OR ORGANIZATIONS DISCLOSED PURSUANT TO THIS POLICY, RECOMMENDS TO THE CHAIRMAN OF THE BOARD ANY SUCH AFFILIATIONS, BENEFITS OR PAYMENTS WHICH SHOULD BE BROUGHT TO THE ATTENTION OF THE BOARD OF DIRECTORS OR EXECUTIVE COMMITTEE, AND DETERMINES THE EXTENT TO WHICH THE PERSONS OR ORGANIZATIONS WITH WHICH ANY SUCH AFFILIATIONS EXIST SHOULD BE MADE KNOWN TO THOSE DEALING WITH SUCH PERSONS OR ORGANIZATIONS ON BGCB'S BEHALF. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS, CHAIRED BY THE CHAIR OF THE BOARD, ANNUALLY REVIEWS BENCHMARK DATA TO ESTABLISH THE COMPENSATION FOR THE PRESIDENT AND CEO AND EACH VP. THE DATA IS DEVELOPED FROM SOURCES SUCH AS 990S OF BOSTON AREA NONPROFITS, SALARYEXPERT.COM, GUIDESTAR, COMPARABLE BOYS AND GIRLS CLUBS AND OTHER SURVEYS AS AVAILABLE. DATA FROM PRIOR YEARS MAY BE ADJUSTED TO CURRENT YEAR MARKET AMOUNTS IN ORDER TO SET THE NEW SALARY. IN ADDITION, THE COMPENSATION COMMITTEE REVIEWS THE CEO'S ANNUAL SELF-EVALUATION AND PERFORMANCE ACHIEVEMENTS IN ORDER TO APPROVE A PERFORMANCE BONUS. THE EXECUTIVE COMMITTEE APPROVES THE BONUS, BASED ON THE RECOMMENDATION OF THE COMPENSATION COMMITTEE. COMPENSATION FOR VP-LEVEL EMPLOYEES IS ALSO ESTABLISHED THROUGH THE ANNUAL PERFORMANCE APPRAISAL PROCESS CONDUCTED BY THE CEO. THE CEO REVIEWS PERFORMANCE AND COMPENSATION FOR EACH VP WITH THE APPROPRIATE BOARD COMMITTEE CHAIR BASED ON THE VP AREA OF RESPONSIBILITY. THE SALARIES ARE PRESENTED TO THE COMPENSATION COMMITTEE AFTER IMPLEMENTATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. IN ADDITION, THE ORGANIZATION'S FORM 990 IS AVAILABLE VIA GUIDESTAR AND THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: PENSION LIABILITY ADJUSTMENT 1,120,698.