Variety-The Childrens Charity Of The United States Inc
- Assets
- $763.2k
- Revenue
- $567.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Culver City, CA
- Founding
- 11/1998
- Data as of
- 09/2023
- EIN
- 25-1794405
Organization Overview
Variety-The Childrens Charity Of The United States Inc is located in Culver City, CA. The organization was established in 1998. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Variety-The Childrens Charity Of The United States 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 09/2023, Variety-The Childrens Charity Of The United States Inc generated $567.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 43.1% each year . All expenses for the organization totaled $513.3k during the year ending 09/2023. While expenses have increased by 16.6% 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.
Since 2020, Variety-The Childrens Charity Of The United States Inc has awarded 18 individual grants totaling $278,077. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT AND ENCOURAGE THE LOCAL VARIETY TENTS LOCATED ACROSS THE UNITED STATES. ASSOCIATION TO PROVIDE FUNDING AND SERVICES FOR PROGRAMS THAT STRIVE TO IMPROVE THE QUALITY OF LIFE FOR UNDER PRIVELEGED, PHYSICALLY AND MENTALLY CHALLENGED, ILL, ABUSED, NEGLECTED AND ABANDONED CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE VARIETY - THE CHILDREN'S CHARITY (USV) OFFICE IS A NATIONAL COLLECTIVE FOR LOCAL VARIETY OFFICES ACROSS THE UNITED STATES. IN ADDITION TO SETTING VARIOUS STANDARDS AND FIDUCIARY OVERSIGHT, USV OVERSEES NATIONAL FUNDRAISING CAMPAIGNS. USV HAS BEGUN STANDARDIZING FINANCIAL PRACTICES AND REPORTING FOR THE U.S. TENTS.IN FISCAL YEAR END ENDED SEPTEMBER 30, 2015, USV PARTNERED WITH MAJOR MOTION PICTURE STUDIOS AND NATIONAL THEATRE CIRCUITS SELLING GOLD HEART PINS TO RAISE FUNDS TO BE DISTRIBUTED BY THE LOCAL TENTS, SUPPORTING THE 23 LOCATIONS NATIONWIDE. USV ALSO LED BOARD RETREATS AT VARIOUS VARIETY LOCATIONS AND DISPERSED UPDATES TO ACCOUNTING AND HR MANUALS ORIGINALLY CREATED BY USV. THROUGH MARKETING MATERIALS FOR USE AT THE LOCAL LEVEL, INCLUDING PRINTING AND RADIO PUBLIC SERVICE ANNOUNCEMENTS, USV HAS PUT TOGETHER, FOR ALL TENTS TO CUSTOMIZE AND USE LOCALLY, OUR WEBSITE AND A NATIONAL NEWSLETTER FOR DONORS, USV INCREASED AWARENESS OF VARIETY AMONG POTENTIAL DONORS. USV OVERSEES A NATIONWIDE INITIATIVE TO PROVIDE DURABLE MEDICAL EQUIPMENT TO CHILDREN IN EACH REGIONAL AREA CALLED "KIDS ON THE GO!" FINALLY, USV WORKS WITH LOCAL TENTS TO EXPAND THEIR REACH INTO THEIR COMMUNITIES BY HOSTING EDUCATIONAL WEBINARS, ASSISTANCE WITH HIRING NEW EXECUTIVE DIRECTORS IN LOCAL OFFICES, LAUNCHING SATELLITE OFFICES AND PROVIDING ADMINISTRATIVE SUPPORT, ESPECIALLY THROUGH THE VARIETY INTRANET.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erica Lopez Executive Director | 40 | $89,365 | |
Ron Krueger II Director | Trustee | 1 | $0 |
Alan Davy 1st Vice Pres | Trustee | 1 | $0 |
Shelley Korenbrot Director | Trustee | 1 | $0 |
Stan W Reynolds President | Trustee | 1 | $0 |
Don Pitchford Treasurer | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $886,706 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $886,706 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$318,880 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $567,826 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $289,844 |
| Grants and other assistance to domestic individuals. | $13,172 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $89,365 |
| Compensation of current officers, directors, key employees. | $13,405 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,462 |
| Payroll taxes | $6,947 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,003 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,310 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,943 |
| Travel | $5,112 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,318 |
| All other expenses | $825 |
| Total functional expenses | $513,281 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $598,864 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $159,860 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,428 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $763,152 |
| Accounts payable and accrued expenses | $485,534 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $485,534 |
| Net assets without donor restrictions | $277,618 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $763,152 |
Grants Awarded
Over the last fiscal year, Variety-The Childrens Charity Of The United States Inc has awarded $47,443 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VARIETY OF FLORIDA PURPOSE: SEE PART IV | $17,401 |
VARIETY OF SO CALIFORNIA PURPOSE: SEE PART IV | $30,042 |