Variety The Childrens Charity Of Iowa
- Assets
- $5.1m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 8
- Location
- Des Moines, IA
- Founding
- 11/1965
- Data as of
- 09/2022
- EIN
- 42-6077108
Organization Overview
Variety The Childrens Charity Of Iowa is located in Des Moines, IA. The organization was established in 1965. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 09/2022, Variety The Childrens Charity Of Iowa employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Variety The Childrens Charity Of Iowa 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, Variety The Childrens Charity Of Iowa generated $4.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $3.6m during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Variety The Childrens Charity Of Iowa has awarded 476 individual grants totaling $19,208,001. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
VARIETY-THE CHILDREN'S CHARITY IS DEDICATED TO IMPROVING THE LIVES OF UNDERPRIVILEGED, AT RISK AND SPECIAL NEEDS CHILDREN THROUGHOUT IOWA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VARIETY PROVIDES FUNDING TO QUALIFIED AGENCIES THROUGHOUT IOWA FOR CHILDREN WHO ARE UNDERPRIVILEGED, AT RISK, CRITICALLY ILL OR LIVING WITH SPECIAL NEEDS. VARIETY PROVIDES ALL-INCLUSIVE PLAYGROUNDS FOR CHILDREN OF ALL ABILITIES TO PLAY TOGETHER AND FOSTER FRIENDSHIP. VARIETY PARTNERS WITH IOWA HOSPITALS TO HELP CRITICALLY ILL CHILDREN AND THEIR FAMILIES BY PROVIDING COMFORT, CARE AND FULFILLING IMMEDIATE FINANCIAL NEEDS. VARIETY PROVIDES BIKES, HELMETS AND LOCKS TO CHILDREN WHO DO NOT OWN A BIKE, AS WELL AS SPECIALIZED BIKES AND EQUIPMENT FOR CHILDREN LIVING WITH SPECIAL NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheri Mcmichael Executive Director | OfficerTrustee | 55 | $125,720 |
Kim Hegedus President | OfficerTrustee | 5 | $0 |
Polly Loneman VP Of Operations | OfficerTrustee | 5 | $0 |
Gabe Olson Immediate Past President | OfficerTrustee | 5 | $0 |
Danny Beyer VP Of Marketing | OfficerTrustee | 5 | $0 |
Stuart Ruddy VP Of Finance | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $4,076,290 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $197,175 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,273,465 |
| Total Program Service Revenue | $0 |
| Investment income | $30,276 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$133,708 |
| Net Income from Gaming Activities | $53,527 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,223,560 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,552,775 |
| Grants and other assistance to domestic individuals. | $243,430 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $130,344 |
| Compensation of current officers, directors, key employees. | $45,620 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $343,066 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $55,675 |
| Payroll taxes | $38,256 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,518 |
| Advertising and promotion | $17,641 |
| Office expenses | $5,128 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $52,281 |
| Travel | $5,143 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,224 |
| Interest | $0 |
| Payments to affiliates | $32,444 |
| Depreciation, depletion, and amortization | $5,387 |
| Insurance | $11,330 |
| All other expenses | $31,361 |
| Total functional expenses | $3,575,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,860,261 |
| Pledges and grants receivable | $750,615 |
| Accounts receivable, net | $0 |
| 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 | $68,681 |
| Net Land, buildings, and equipment | $11,964 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,382,009 |
| Total assets | $5,073,530 |
| Accounts payable and accrued expenses | $53,353 |
| Grants payable | $610,000 |
| Deferred revenue | $37,000 |
| 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 | $700,353 |
| Net assets without donor restrictions | $3,171,963 |
| Net assets with donor restrictions | $1,201,214 |
| 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 | $5,073,530 |
Grants Awarded
Over the last fiscal year, Variety The Childrens Charity Of Iowa has awarded $2,354,871 in support to 55 organizations.
| Grant Recipient | Amount |
|---|---|
Ames, IA PURPOSE: Behavioral health campus (Year 1) | $250,000 |
Ames, IA PURPOSE: Behavioral health campus (Year 1) | $250,000 |
Johnston, IA PURPOSE: Behavioral health clinic | $200,000 |
Los Angeles, CA PURPOSE: eye exams and eye glasses for children | $165,000 |
Des Moines, IA PURPOSE: Easter Lake Project | $150,000 |
Des Moines, IA PURPOSE: Variety NICU | $143,840 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Variety The Childrens Charity Of Iowa has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Pyle Foundation Madison, WI PURPOSE: GENERAL SUPPORT | $2,500 |
Endowment Analysis
| Beg. Balance | $1,315,623 |
| Ending Balance | $1,315,623 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Health Ctr Of Central Missouri Jefferson City, MO | $23,228,826 | $19,931,072 |
Progressive Housing Inc Olympia Fields, IL | $9,843,151 | $16,511,202 |
Service Inc Of Illinois Joliet, IL | $4,263,062 | $14,668,077 |
Paraquad Inc St Louis, MO | $25,560,219 | $14,042,236 |
Urban Strategies Inc Saint Louis, MO | $8,412,015 | $14,857,524 |
Operation Threshold Inc Waterloo, IA | $5,831,083 | $12,392,663 |
Pioneer Center For Human Services Mchenry, IL | $8,285,691 | $11,622,289 |
Community Alternatives Unlimited Chicago, IL | $6,938,632 | $11,063,143 |
Behavior Management Systems Inc Rapid City, SD | $9,062,713 | $9,945,656 |
Hiawatha Homes Inc Rochester, MN | $2,202,889 | $10,124,635 |
Rimland Services Nfp Evanston, IL | $9,728,915 | $10,325,660 |
Community Workshop & Training Center Inc Peoria, IL | $8,337,130 | $9,328,524 |