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Nonprofit · EIN 58-1553011

BOYS CLUB OF WAKE COUNTY FOUNDATION

Tax-exempt · RALEIGH, NC 27610

Financials

$566K$42K2023$654K$386K2024
Revenue Expenses · by fiscal year end
Financials of BOYS CLUB OF WAKE COUNTY FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$653,719$386,327$267,392$7,034,865$0$7,034,865
December 31, 2023990$565,707$41,795$523,912$6,524,583$0$6,524,583
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$41,161
Program service revenue
$0
Investment income
$612,558
Net gain from sales of assets
$391,411
Other revenue
$0

Expenses

Grants and similar amounts paid
$280,889
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$386,327

Balance sheet and other

Total assets, start of year
$6,524,583
Total assets, end of year
$7,034,865
Total liabilities, end of year
$0
Net assets, end of year
$7,034,865
Publicly traded securities
$6,195,362
Net assets without donor restrictions
$1,741,109
Net assets with donor restrictions
$5,293,756
Gross receipts
$2,334,733
Employees
0
Volunteers
0
Year formed
1983
State of legal domicile
NC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
HUGH MCLEANSECRETARY
Trustee or director, Officer
0.25$0$180,396$23,961
J MATTHEW TALIAFERROEXECUTIVE DIRECTOR
Officer
0.25$0$82,535$2,119
JAMES T STONE SRCHAIR
Trustee or director, Officer
0.25$0$0$0
PRENTISS BAKER IIIVICE-CHAIR
Trustee or director, Officer
0.25$0$0$0
KATHARINE BELLOIRTRUSTEE
Trustee or director
0.25$0$0$0
NICK COXTRUSTEE
Trustee or director
0.25$0$0$0
BO DEMPSTERTRUSTEE
Trustee or director
0.25$0$0$0
GRANT FISHERTRUSTEE
Trustee or director
0.25$0$0$0
STEVE LAWLERTRUSTEE
Trustee or director
0.25$0$0$0
RALPH MOORETRUSTEE
Trustee or director
0.25$0$0$0
C HAMILTON SLOAN JRTRUSTEE
Trustee or director
0.25$0$0$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
RALPH E CAPPSEXECUTIVE DIRECTOR
Officer
0.25$0$174,121$22,642
PRENTISS BAKER IIIVICE-CHAIR
Trustee or director, Officer
0.25$0$0$0
JAMES T STONE SRCHAIR
Trustee or director, Officer
0.25$0$0$0
KATHARINE BELLOIRTRUSTEE
Trustee or director
0.25$0$0$0
NICK COXTRUSTEE
Trustee or director
0.25$0$0$0
BO DEMPSTERTRUSTEE
Trustee or director
0.25$0$0$0
MARK LEETRUSTEE
Trustee or director
0.25$0$0$0
STEVE LAWLERTRUSTEE
Trustee or director
0.25$0$0$0
RALPH MOORETRUSTEE
Trustee or director
0.25$0$0$0
C HAMILTON SLOAN JRTRUSTEE
Trustee or director
0.25$0$0$0

Address and contacts

Address (IRS master file)
701 N RALEIGH BLVD, RALEIGH, NC 27610-1692
In care of
% RALPH E CAPPS
Principal officer (990 for 2024)
MATT TALIAFERRO, 701 N RALEIGH BOULEVARD, RALEIGH, NC 27610
Signed the 990
MATT TALIAFERRO, EXECUTIVE DIRECTOR
Phone
(919) 834-6282
Return prepared by
BATCHELOR TILLERY & ROBERTS LLP

Mission

THE PURPOSE OF THE BCWC FOUNDATION SHALL BE TO HOLD THE ENDOWMENT OF THE BOYS CLUB OF WAKE COUNTY, INC. THE MISSION OF THE BOYS CLUB OF WAKE COUNTY, INC. IS TO ASSIST YOUTH OF ALL BACKGROUNDS, WITH SPECIAL CONCERN FOR THOSE FROM DISADVANTAGED CIRCUMSTANCES, TO DEVELOP THE QUALITIES TO BE RESPONSIBLE CITIZENS AND LEADERS.

990 for the year ended December 31, 2024

Program accomplishments

  • THE BOYS CLUB OF WAKE COUNTY, INC. WORKING WITH CHILDREN INDIVIDUALLY, IN SMALL GROUPS, AND IN LARGE GROUP ACTIVITIES, PROVIDED A CORE PROGRAM OF 1) CHARACTER AND LEADERSHIP DEVELOPMENT, 2) EDUCATION AND CAREER DEVELOPMENT, 3) HEALTH AND LIFE SKILLS, 4) THE ARTS AND 5) SPORTS, FITNESS AND RECREATION TO 3,451 SCHOOL AGED CHILDREN IN WAKE AND JOHNSTON COUNTIES, NORTH CAROLINA.
    Expenses $386,327 · grants $280,889 · revenue $41,161

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
58-1553011
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1984
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$7,034,865
Income (IRS master file)
$2,334,733

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$653,719$386,327$7,034,865XML
990December 2023$565,707$41,795$6,524,583XML
990December 2022$259,612$241,175$5,509,538IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 58-1553011).

Questions about BOYS CLUB OF WAKE COUNTY FOUNDATION

What is the EIN of BOYS CLUB OF WAKE COUNTY FOUNDATION?
The employer identification number (EIN) of BOYS CLUB OF WAKE COUNTY FOUNDATION is 58-1553011.
Is BOYS CLUB OF WAKE COUNTY FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
Are donations to BOYS CLUB OF WAKE COUNTY FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does BOYS CLUB OF WAKE COUNTY FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of BOYS CLUB OF WAKE COUNTY FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did BOYS CLUB OF WAKE COUNTY FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of BOYS CLUB OF WAKE COUNTY FOUNDATION?
The 990 for the year ended December 31, 2024 names MATT TALIAFERRO.
Who are the officers and directors of BOYS CLUB OF WAKE COUNTY FOUNDATION?
The 990 for the year ended December 31, 2024 lists 11 people; 0 received compensation from the organization.
How much revenue does BOYS CLUB OF WAKE COUNTY FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $653,719, expenses of $386,327 and total assets of $7,034,865 at year end.

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