2012-05-15T13:58:02-05:00 2011-06-30 MCGLADREY LLP 80 CITY SQUARE BOSTON MA 02129 990 2010-07-01 042103922 BOYS & GIRLS CLUBS OF BOSTON INC BOYS 6179944700 50 CONGRESS STREET NO 730 BOSTON MA 02109 PATRICIA GANNON 6179944700 2012-05-15 1 6179129000 2010 2016-02-24 21:20:13Z JOSHUA KRAFT 50 CONGRESS STREET NO 730 BOSTON MA 02109 20931023 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 60 541 1569 30091 29091 10317827 13757774 2015291 2391510 240974 320792 -213462 -390176 12360630 16079900 96150 88500 0 0 10154152 10912790 0 0 1716059 9501346 5321349 19751648 16322639 -7391018 -242739 67111516 71850177 4332157 4048630 62779359 67801547 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 3637450 1596911 SHARED SPACE CLUBS: BGCB OPERATES SEVERAL SHARED SPACE CLUBS (SSCS) LOCATED IN BOSTON PUBLIC SCHOOLS OR HOUSING COMPLEXES. THE SSCS PROVIDES 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. IN ADDITION, BGCB PARTNERS WITH THE CITY OF BOSTON AND THE CAMP HARBOR VIEW FOUNDATION, INC., TO OPERATE CAMP HARBOR VIEW, A SUMMER DAY CAMP FOR 11-14 YEAR OLDS, LOCATED ON LONG ISLAND IN BOSTON HARBOR. 1775127 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. 1184649 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. 1749580 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 ACTIVITIES AS WELL AS HEALTHY LIVING. 1194355 88500 EDUCATION: THE EDUCATION CORE PROGRAM FOCUSES ON SUPPLEMENTING THE SCHOOL CURRICULUM, INCREASING HOMEWORK COMPLETION RATES, DECREASING SCHOOL ABSENTEEISM, IMPROVING CLASSROOM PERFORMANCE, AND INCREASING MEMBERS' PREPAREDNESS FOR ENTRY INTO COLLEGE AND/OR THE WORKFORCE. 797103 TECHNOLOGY: THE PRIMARY GOAL OF BGCB'S TECHNOLOGY CORE PROGRAM IS TO ENABLE 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. 657980 179948 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 GROWING OUR MEMBER BASE. THEY MANAGE THE MEMBERSHIP DATABASE AND KEEP CURRENT PERTINENT INFORMATION ON ALL OF THE MEMBERS. 806499 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. 617497 327993 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. 490635 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). 458425 286658 SUMMER PROGRAMS 6772074 88500 794599 13369300 1 1 0 1 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 103 0 1 541 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 1 1 1 1 1 1 1 1 0 MA NY X PATRICIA GANNON 6179944700 50 CONGRESS STREET SUITE 730 BOSTON MA 02109 MAUREEN ALPHONSE-CHARLES 1.00 X 0 0 0 JEFFREY C BLOOMBERG 1.00 X 0 0 0 MICHAEL E BRONNER 1.00 X 0 0 0 EMILY BROWN 1.00 X 0 0 0 MICHELE COURTON BROWN 1.00 X 0 0 0 JOSEPH P CAMPANELLI 1.00 X 0 0 0 LILIAN W CHEUNG 1.00 X 0 0 0 LAURENCE S CHUD 1.00 X 0 0 0 STEPHANIE CONNAUGHTON 1.00 X 0 0 0 JONATHAN G DAVIS 1.00 X X 0 0 0 WILLIAM A EARON 1.00 X 0 0 0 SANDRA M EDGERLEY 1.00 X 0 0 0 CORINNE L FERGUSON 1.00 X 0 0 0 DAVID P FIALKOW 1.00 X 0 0 0 KAREN M FIRESTONE 1.00 X 0 0 0 JOHN F FISH 1.00 X 0 0 0 SUSAN E FLORENCE 1.00 X 0 0 0 MOHAMMED FOTOUHI 1.00 X 0 0 0 RUTHANNE FULLER 1.00 X 0 0 0 ROBERT E GALLERY 1.00 X 0 0 0 VICARY M GRAHAM 1.00 X 0 0 0 LAWRENCE D GREENBERG 1.00 X 0 0 0 DONNA K HAZARD 1.00 X 0 0 0 SEAN M HEALEY 1.00 X 0 0 0 RONALD A HOMER 1.00 X 0 0 0 JOSEPH L HOOLEY 1.00 X 0 0 0 OGDEN M HUNNEWELL 1.00 X 0 0 0 DURANT A HUNTER 1.00 X 0 0 0 DAVID E JOHNSON 1.00 X 0 0 0 JEFFREY F JONES 1.00 X 0 0 0 DARLENE L JORDAN 1.00 X 0 0 0 MARILYN T KEANE 1.00 X 0 0 0 BRIAN J KNEZ 1.00 X 0 0 0 THOMAS A KNOTT 1.00 X 0 0 0 MYRA H KRAFT 1.00 X 0 0 0 MICHAEL A KRUPKA 1.00 X X 0 0 0 JOHN D MACOMBER 1.00 X 0 0 0 ELENA M MATLACK 1.00 X 0 0 0 CHRISTOPHER J MCKOWN 1.00 X 0 0 0 WILLIAM L MCMAHON 1.00 X 0 0 0 RAY MONKIEWICZ 1.00 X 0 0 0 JANICE MORRIS 1.00 X 0 0 0 BRIAN T MOYNIHAN 1.00 X 0 0 0 THOMAS J NIEDERMEYER 1.00 X 0 0 0 SAUL J PANNELL 1.00 X 0 0 0 J GARRETT PARKER 1.00 X 0 0 0 RANDY PEELER 1.00 X 0 0 0 BRYAN RAFANELLI 1.00 X 0 0 0 BERNADETTE T REHNERT 1.00 X 0 0 0 LAURA C REYNOLDS 1.00 X 0 0 0 PAUL J ROONEY 1.00 X 0 0 0 HELEN CHIN SCHLICHTE 1.00 X 0 0 0 MEREDITH CLARK SHACHOY 1.00 X 0 0 0 ROBERT J SMALL 1.00 X 0 0 0 DANA SMITH 1.00 X 0 0 0 KIMBERLY STEIMLE 1.00 X 0 0 0 R GREGG STONE 1.00 X 0 0 0 RICHARD A VOKE 1.00 X 0 0 0 HERBERT S WAGNER 1.00 X 0 0 0 FRANK V WISNESKI 1.00 X 0 0 0 STEPHEN G WOODSUM 1.00 X 0 0 0 ALEXANDRA FUCHS 40.00 X 138021 0 1086 PATRICIA GANNON 40.00 X 158886 0 14124 JOSHUA KRAFT 40.00 X 246662 0 3975 GERALD STEIMEL 40.00 X 144611 0 25336 JILL GOLDWEITZ 40.00 X 116861 0 10332 EDMUND HOELL 35.00 X 104767 0 6894 909808 0 61747 6 0 1 0 RAFANELLI EVENTS 867 BOYLSTON ST 4 BOSTON MA 02116 EVENTS COORDINATOR 195998 1 791013 4439240 806950 7720571 603924 13757774 CAMP HARBORVIEW 900099 1431568 1431568 PARENT FEES/VOUCHERS 900099 461962 461962 SUMMER PROGRAMS 900099 286659 286659 SERVICE INCOME 561000 165343 165343 MEMBERSHIP DUES & ASSE 900099 45978 45978 2391510 383819 -3695 387514 185122 185122 185122 185122 3574479 3637506 -63027 -63027 -63027 182296 4439240 799492 -617196 -617196 191607 183495 8112 8112 264416 230630 33786 33786 16079900 2391510 30091 -99475 88500 88500 422068 422068 8379243 6934138 228211 1216894 1454352 1143500 98027 212825 657127 520146 46909 90072 7420 7420 226918 95 225971 852 34335 34335 356993 270893 22542 63558 171008 125142 476 45390 320617 243815 41256 35546 90334 57477 5226 27631 670941 628798 40043 2100 105032 101372 125 3535 199985 167031 15298 17656 11679 10668 1011 1616403 1590373 26030 198975 198975 RENTAL & MAINTENANCE 599948 589152 10796 TEMPORARY STAFF 161651 161256 395 EQUIPMENT 132461 132461 TELECOMMUNICATIONS 114480 113480 1000 FOOD 87835 85631 2204 214334 206397 7937 16322639 13369300 1237280 1716059 14490 24998 2392553 2251599 10554291 10737287 131450 282594 536442 1142319 46688900 19329830 28602514 27359070 16057900 20765393 8821876 9286917 67111516 71850177 3114392 2571588 304265 752542 913500 724500 4332157 4048630 X 30210564 31132523 6222766 10223797 26346029 26445227 62779359 67801547 67111516 71850177 X -242739 5264927 X 0 1 1 X 1 1 X 24340334 24231942 9087601 10317827 13757774 81735478 24340334 24231942 9087601 10317827 13757774 81735478 9531444 72204034 529698 487521 367023 395820 568941 2349003 28122 33786 61908 350732 316717 556214 352464 373903 1950030 86096419 8342202 0.83860 0.84680 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 0 0 0 0 0 27324930 99198 3384593 880794 29927927 29679902 232176 581580 3168728 27324930 30932381 429495 -1086660 595314 29679902 0.88360 0.11640 0 0 160275 160275 44462076 17456462 27005614 2066549 1873368 193181 27359070 FIXED INCOME 740900 F EQUITY 3577260 F ALTERNATIVE INVESTMENTS 4968757 F 9286917 16079900 16322639 -242739 4570245 694682 5264927 5022188 22762598 4570245 204154 694682 5469081 17293517 -1213617 -1213617 16079900 17740410 204154 1213617 1417771 16322639 0 16322639 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ORGANIZATION 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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 FOLLOWS FASB ASC 740, INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES BY PRESCRIBING THE RECOGNITION THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. MANAGEMENT BELIEVES THE ORGANIZATION HAS NO MATERIAL UNCERTAINTIES IN INCOME TAXES. THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR FISCAL YEARS BEFORE 2008. PART XI, LINE 8 - OTHER ADJUSTMENTS: PENSION LIABILITY ADJUSTMENT 694,682. PART XII, LINE 2D - OTHER ADJUSTMENTS: PENSION LIABILITY ADJUSTMENT 694,682. PART XII, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES REPORTED ON FORM 990, PART VIII, LINE 8B -799,492. COGS REPORTED ON FORM 990, PART VIII, LINE 10B -230,630. GAMING EXPENSES REPORTED ON FORM 990, PART VIII, LINE 9B -183,495. PART XIII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES REPORTED ON FORM 990, PART VIII, LINE 8B 799,492. COGS REPORTED ON FORM 990, PART VIII, LINE 10B 230,630. GAMING EXPENSES REPORTED ON FORM 990, PART VIII, LINE 9B 183,495. HOUSE PARTY 2446903 2373495 73408 484940 ANNUAL DINNER 1551065 1504535 46530 126367 17 623568 561210 62358 188185 4621536 4439240 182296 799492 799492 -617196 191607 160622 10162 12711 1 0.40000 191607 160622 10162 12711 183495 8112 MA 1 0 1 0 1.00000 DAVID LIBBY 50 CONGRESS STREET STE 730 BOSTON MA 02109 0 PATRICIA MCCORMICK PATRICIA MCCORMICK IS A STAFF OF THE SOUTH BOSTON BOYS & GIRLS CLUB. MANAGING THE WEEKLY BEANO GAME IS PART OF HER JOB REQUIREMENTS. X 0 1 SCHOLARSHIPS 160 88500 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE ORGANIZATION PROVIDES SCHOLARSHIPS TO ITS MEMBERS FOR ITS CAMPS AND SUMMER PROGRAMS. IN ADDITION, COLLEGE SCHOLARSHIPS ARE GRANTED TO ITS MEMBERS THROUGH THE APPLICATION PROCESS IN WHICH THE ORGANIZATION DETERMINES THE QUALIFICATIONS OF THE APPLICANTS. X X X X 0 0 0 0 0 0 0 0 0 PATRICIA GANNON 158526 0 0 0 360 0 2224 0 11900 0 173010 0 0 0 JOSHUA KRAFT 246385 0 0 0 277 0 3453 0 522 0 250637 0 0 0 GERALD STEIMEL 143027 0 0 0 1584 0 2025 0 23311 0 169947 0 0 0 X 54071 FAIR MARKET VALUE X 13 412384 FAIR MARKET VALUE X EVENTS TICKETS 17 59194 FAIR MARKET VALUE X SOCIAL RECREATION 31 78275 FAIR MARKET VALUE 0 1 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS REPORTED IS THE NUMBER OF CONTRIBUTIONS RECEIVED FORM 990, PART VI, SECTION A, LINE 2 JOSHUA KRAFT - PRESIDENT & CEO MYRA KRAFT - CHAIR EMERITA *JOSHUA KRAFT AND MYRA KRAFT HAVE A FAMILY RELATIONSHIP FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION'S OVERSEERS 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 OVERSEERS 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 OVERSEERS 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 FULL 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 FILES 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, REVIEWS BENCHMARK DATA TO ESTABLISH THE COMPENSATION FOR THE PRESIDENT AND CEO. THE DATA IS DEVELOPED FROM SOURCES SUCH AS 990'S FROM BOSTON AREA NONPROFITS, SALARYEXPERT.COM, GUIDESTAR, COMPARABLE BOYS AND GIRLS CLUBS AND OTHER SURVEYS AS AVAILABLE. DATA FROM PRIOR YEARS MAY BE INFLATED BY AN ANNUAL AMOUNT 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 PERFORMANCE BONUS. THE EXECUTIVE COMMITTEE APPROVES THE BONUS, BASED ON THE RECOMMENDATION OF THE COMPENSATION COMMITTEE. COMPENSATION FOR VP-LEVEL EMPLOYEES IS 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 CEO ALSO REVIEWS MARKET MINIMUM, MIDPOINT AND MAXIMUMS BASED ON THE WORK OF BGCB'S COMPENSATION CONSULTANT IN 2007. 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 5: NET UNREALIZED GAINS ON INVESTMENTS: 4,570,245. PENSION LIABILITY ADJUSTMENT 694,682. TOTAL TO FORM 990, PART XI, LINE 5: 5,264,927. DECRIPTION OF VOLUNTEERS: FORM 990, LINE 6 THIS INCLUDES ONE DAY CORPORATE GROUPS, COLLEGE GROUPS, AND ON-GOING VOLUNTEERS