Varflex Educational Foundation Ii Tr
- Assets
- $171.9k
- Revenue
- $20.8k
- Investments
- $147.8k
- Employees
- 0
- Location
- Rome, NY
- Founding
- 03/2005
- Data as of
- 12/2021
- EIN
- 16-6552465
Organization Overview
Varflex Educational Foundation Ii Tr is located in Rome, NY. The organization was established in 2005. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Varflex Educational Foundation Ii Tr 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 12/2021, Varflex Educational Foundation Ii Tr generated $20.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $57.7k during the year ending 12/2021. While expenses have increased by 8.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Varflex Educational Foundation Ii Tr has awarded 311 individual grants totaling $285,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles J Schoff Trustee | 1 | $0 | |
Daniel J Burgdorf Trustee | 1 | $0 | |
Richard Greggains Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,214 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,594 |
| Capital Gain Net Income | $16,594 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $20,808 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $170 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $475 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,157 |
| Contributions, gifts, grants paid | $55,500 |
| Total expenses and disbursements | $57,657 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,587 |
| Savings and temporary cash investments | $19,587 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $34,368 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $171,924 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Varflex Educational Foundation Ii Tr has awarded $55,500 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
RIVERA R PURPOSE: SCHOLARSHIP TO ATTEND COLLEGE OR UNIVERSITY. | $2,000 |
RIVERA A PURPOSE: SCHOLARSHIP TO ATTEND COLLEGE OR UNIVERSITY. | $2,000 |
FINLEY E PURPOSE: SCHOLARSHIP T0 ATTEND COLLEGE OR UNIVERSITY. | $1,500 |
CAMPBELL L PURPOSE: SCHOLARSHIP T0 ATTEND COLLEGE OR UNIVERSITY. | $1,500 |
HAWKES H PURPOSE: SCHOLARSHIP TO ATTEND COLLEGE OR UNIVERSITY. | $1,500 |
CAMPBELL B PURPOSE: SCHOLARSHIP T0 ATTEND COLLEGE OR UNIVERSITY. | $1,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Varflex Educational Foundation Ii Tr has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
The@shirley W & William L Griffin Charitable Foundation Rome, NY PURPOSE: PROVIDE FINANCIAL SUPPORT FOR OPERATIONS AND PROJECTS OF 501(C)(3) ORGANIZATIONS. | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lone Pine Foundation Inc Greenwich, CT | $70,601,962 | $14,308,044 |
Citizen Of Burma Award Organization Inc Jackson Heights, NY | $195,993 | $9,716,460 |
Cullen Foundation Buffalo, NY | $115,865,929 | $16,357,498 |
Fiduciary Charitable Foundation Boston, MA | $117,480,981 | $103,573,534 |
David R & Patricia D Atkinson Foundation Princeton, NJ | $114,019,131 | $20,460,455 |
Danoff Fam Private Charitable Foundation Tr Albany, NY | $116,755,274 | $33,799,667 |
Alcoa Foundation Pittsburgh, PA | $146,938,296 | $5,082,676 |
Herbert Allen Foundation New York, NY | $9,223,512 | $1,023,254 |
Select Equity Group Foundation New York, NY | $25,414,802 | $25,600,265 |
Mark And Anla Cheng Kingdon Fund New York, NY | $181,150,001 | $35,415,082 |
Arbella Insurance Foundation Inc Boston, MA | $24,058,916 | $7,386,813 |
John And Patricia Klingenstein Fund New York, NY | $121,264,191 | $78,254,052 |