Varnum Continentals Inc
- Assets
- $236.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- East Greenwich, RI
- Founding
- 12/1934
- Data as of
- 09/2022
- EIN
- 05-0301441
Organization Overview
Varnum Continentals Inc is located in East Greenwich, RI. The organization was established in 1934. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Varnum Continentals Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2022, Varnum Continentals Inc generated $131.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $79.3k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (4.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
SEE SCHEDULE OGRANT FROM THE CHAMPLIN FOUNDATION OF $68,000
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Donovan President | 5 | $0 | |
John W Adams Treasurer | 5 | $0 | |
Barbara Weaver Vice President | 2 | $0 | |
Joanne Breslin Secretary | 4 | $0 | |
Jeffrey Ahern Director | 2 | $0 | |
Mark Trimmer Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $76,015 |
| Total Program Service Revenue | $0 |
| Membership dues | $11,412 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $43,675 |
| Total Revenue | $131,102 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $79,284 |
| Total expenses | $79,284 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $138,779 |
| Other assets | $0 |
| Total assets | $236,309 |
| Total liabilities | $0 |
| Net assets or fund balances | $236,309 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Varnum Continentals Inc has recieved totaling $16,000.
| Awarding Organization | Amount |
|---|---|
Rhode Island Council For The Humanities Providence, RI PURPOSE: COVID-19 EMERGENCY RELIEF | $8,000 |
Rhode Island Council For The Humanities Providence, RI PURPOSE: COVID-19 EMERGENCY RELIEF | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Marthas Vineyard Museum Inc Vineyard Haven, MA | $28,426,122 | $2,586,449 |
Florence Griswold Museum Inc Old Lyme, CT | $32,307,778 | $2,875,061 |
Sakonnet Preservation Assoc Inc Little Compton, RI | $7,767,895 | $3,666,448 |
Mattatuck Historical Society Waterbury, CT | $30,372,011 | $3,496,557 |
Edith Wharton Restoration Inc Lenox, MA | $18,245,381 | $3,306,294 |
Rhode Island Historical Society Providence, RI | $30,696,643 | $3,629,513 |
Concord Antiquarian Society Concord, MA | $23,141,155 | $2,972,281 |
Greenwich Historical Society Inc Cos Cob, CT | $25,626,567 | $1,529,771 |
Marthas Vineyard Preservation Tr Inc Edgartown, MA | $22,708,847 | $3,056,624 |
Fort Adams Trust Inc Newport, RI | $1,609,265 | $1,343,928 |
Fairfield Historical Society Fairfield, CT | $12,480,196 | $1,219,328 |
Newport Historical Society Newport, RI | $9,362,707 | $1,665,951 |