Vara Educational Foundation Inc
- Assets
- $194.5k
- Revenue
- $40.3k
- Investments
- $189.5k
- Employees
- 0
- Location
- Woodstock, VT
- Founding
- 02/1974
- Data as of
- 07/2022
- EIN
- 23-7336991
Organization Overview
Vara Educational Foundation Inc is located in Woodstock, VT. The organization was established in 1974. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vara Educational Foundation 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 07/2022, Vara Educational Foundation Inc generated $40.3k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $27.2k during the year ending 07/2022. While expenses have increased by 2.5% per year over the past 4 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP AWARDED TO APPROXIMATELY 22 ELIGIBLE RECIPIENTS TO PAY TUITION AND RELATED EXPENSES TO SKI ACADEMIES AND SKI CLUBS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Taylor Mikell President | 0 | $0 | |
Ryan Sheredy Secretary | 0 | $0 | |
Mariel Meringolo Treasurer | 0 | $0 | |
Andrew Mcnealus Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $30,250 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,046 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $40,296 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $64 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,146 |
| Contributions, gifts, grants paid | $24,050 |
| Total expenses and disbursements | $27,196 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,006 |
| Savings and temporary cash investments | $0 |
| 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 | $189,542 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $194,548 |
| 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, Vara Educational Foundation Inc has awarded $24,050 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
MARIANNA MERRITT PURPOSE: SCHOLARSHIP | $2,500 |
AVA ANDERSON PURPOSE: SCHOLARSHIP | $2,000 |
LAUREN MAYNARD PURPOSE: SCHOLARSHIP | $2,000 |
ANNIKA HUNT PURPOSE: SCHOLARSHIP | $1,500 |
EVAN CAVALLARO PURPOSE: SCHOLARSHIP | $1,500 |
LEVERET DRANSFIELD PURPOSE: SCHOLARSHIP | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University At Albany Foundation Albany, NY | $129,210,800 | $17,198,773 |
Trustees Of The Public Library Of The City Of Boston Boston, MA | $99,754,907 | $16,249,859 |
Lord Foundation Of Massachusetts Inc Cambridge, MA | $0 | $665,000 |
Queens College Foundation Inc Flushing, NY | $103,882,868 | $13,972,395 |
Threefold Educational Foundation & School Chestnut Ridge, NY | $15,163,557 | $9,817,859 |
Global Community Charter School New York, NY | $4,753,919 | $12,397,044 |
Mit International Inc Cambridge, MA | $42,886,000 | $6,428,000 |
Rit Global Delivery Corporation Rochester, NY | $10,659,016 | $9,744,189 |
Concord Consortium Inc Concord, MA | $4,473,971 | $11,489,391 |
Charles E Cotting Charitable Corp Boston, MA | $113,711,021 | $14,477,400 |
The Graduate Center Foundation Inc New York, NY | $72,994,369 | $16,026,752 |
Friends Of Mcgill University Inc New Rochelle, NY | $10,774,766 | $8,029,117 |