Milpitas Charity Bingo Inc
- Assets
- $2.3m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 37
- Location
- San Jose, CA
- Founding
- 10/2017
- Data as of
- 12/2023
- EIN
- 82-1210238
Organization Overview
Milpitas Charity Bingo Inc is located in San Jose, CA. The organization was established in 2017. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Milpitas Charity Bingo Inc employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Milpitas Charity Bingo 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 12/2023, Milpitas Charity Bingo Inc generated $2.4m in total revenue. All expenses for the organization totaled $3.2m during the year ending 12/2023. While expenses have increased by 71.4% per year over the past 5 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 2019, Milpitas Charity Bingo Inc has awarded 89 individual grants totaling $3,997,762. 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 IMPROVE OUR COMMUNITY'S FAMILIES, NEIGHBORHOODS, AND BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MILPITAS CHARITY BINGO IS A NON-PROFIT BINGO OPERATION THAT RAISES FUNDS FOR THE BENEFIT OF LOCAL CHARITIES AND ORGANIZATIONS. DURING THE YEAR OF 2023, MILPITAS CHARITY BINGO RAISED $2,643,669 FOR THE BENEFIT MANY LOCAL CHARITIES IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Loren Vaccarezza President | OfficerTrustee | 20 | $0 |
Cliff Williams Vice President | OfficerTrustee | 5 | $0 |
Christoper Riley Secretary | OfficerTrustee | 5 | $0 |
Jeffrey Cortese Treasurer | OfficerTrustee | 5 | $0 |
Mark Detar Director | Trustee | 5 | $0 |
Ofrej Steve Gobin Head Of Security | 40 | $222,773 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Richard Alvari Marketing | 12/30/23 | $130,714 |
Daniel Enriquez Uniformed Security & Patrol | 12/30/23 | $103,435 |
Bob Livengood Consulting Govt Security And Consulting | 12/30/23 | $100,637 |
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 | $147,585 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $147,585 |
| Total Program Service Revenue | $0 |
| Investment income | $20,002 |
| 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 | $2,166,213 |
| Net Income from Sales of Inventory | $4,234 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,350,598 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,643,669 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,088 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $312,624 |
| Advertising and promotion | $9,827 |
| Office expenses | $191,419 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $98 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $562 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $855 |
| Total functional expenses | $3,183,142 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $421,987 |
| Savings and temporary cash investments | $168,091 |
| Pledges and grants receivable | $0 |
| 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 | $77,092 |
| Prepaid expenses and deferred charges | $31,375 |
| Net Land, buildings, and equipment | $1,342,717 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $250,000 |
| Total assets | $2,291,262 |
| Accounts payable and accrued expenses | $239,049 |
| 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 | $239,049 |
| Net assets without donor restrictions | $2,052,213 |
| 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 | $2,291,262 |
Grants Awarded
Over the last fiscal year, Milpitas Charity Bingo Inc has awarded $2,619,655 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
ALUM ROCK FUTBOL CLUB BOOSTERS PURPOSE: GENERAL OPERATIONS | $20,649 |
BAY AREA TUTORING ASSOCIATION PURPOSE: GENERAL OPERATIONS | $13,503 |
BELLA HEALTH & WELLNESS PURPOSE: GENERAL OPERATIONS | $10,000 |
DOMINICAN SISTERS OF WANGANUI PURPOSE: GENERAL OPERATIONS | $32,500 |
GREEN THUMB GARDEN CLUB PURPOSE: GENERAL OPERATIONS | $8,579 |
JOSEPH WELLER ELEMENTARY PTSA PURPOSE: GENERAL OPERATIONS | $10,756 |