Variety Boys And Girls Club
- Assets
- $13.2m
- Revenue
- $2.3m
- Investments
- $401.3k
- Employees
- 48
- Location
- Los Angeles, CA
- Founding
- 02/1960
- Data as of
- 06/2023
- EIN
- 95-1919219
Organization Overview
Variety Boys And Girls Club is located in Los Angeles, CA. The organization was established in 1960. According to its NTEE Classification (O23) the organization is classified as: Boys & Girls Clubs, under the broad grouping of Youth Development and related organizations. As of 06/2023, Variety Boys And Girls Club employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Variety Boys And Girls Club 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 06/2023, Variety Boys And Girls Club generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $2.6m during the year ending 06/2023. While expenses have increased by 11.3% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE VARIETY BOYS & GIRLS CLUB (VBGC) IS TO PROVIDE INNOVATIVE AND STIMULATING ACADEMIC, LEADERSHIP AND ATHLETIC PROGRAMMING IN A SAFE AND NURTURING ENVIRONMENT TO THE UNDERSERVED CHILDREN AND FAMILIES OF BOYLE HEIGHTS. OUR VISION IS THAT ALL CHILDREN WILL HAVE AN OPPORTUNITY TO EXCEL IN SCHOOL AND CAREER AND CONTRIBUTE FULLY TO SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE VARIETY BOYS & GIRLS CLUB (VBGC) IS A SAFE ENVIRONMENT FOR KIDS (AGES 5 TO 17 YEARS) AND PROPELS THEM TO LEARN SOCIAL SKILLS, IDENTIFY POTENTIAL OPPORTUNITIES, AS WELL AS ACHIEVE PERSONAL, ACADEMIC, ATHLETIC AND OTHER WORTHY GOALS. VBGC PROVIDES SOCIAL, RECREATIONAL AND ATHLETIC ACTIVITIES AND COUNSELING SERVICES IN A CONTROLLED SETTING TO DISADVANTAGED YOUTHS. SINCE 1949, THE VARIETY BOYS & GIRLS CLUB HAS RESPONDED TO THE NEEDS OF CHILDREN IN THE BOYLE HEIGHTS/EAST LOS ANGELES COMMUNITY OFFERING ACADEMIC AND LEADERSHIP DEVELOPMENT PROGRAMS, TUTORING AND MENTORING, SPORTS AND AQUATICS PROGRAMS, ARTS AND CRAFTS, A COMPUTER LEARNING CENTER AND LIBRARY, SOCIAL RECREATION, COLLEGE SCHOLARSHIPS, AND SPECIAL EVENTS TO AWARD MEMBERS' ACHIEVEMENTS. FOR ALMOST 70 YEARS, VBGC HAS PROVIDED A REFUGE FOR CHILDREN WHO STRUGGLE DAILY WITH REAL LIFE CIRCUMSTANCES OF POVERTY, UNDER-RESOURCED NEIGHBORHOODS, LOW EDUCATIONAL ATTAINMENT, GANG VIOLENCE, SUBSTANCE ABUSE AND POOR HEALTH OUTCOMES. ANNUALLY, OVER 1,800 KIDS PARTICIPATE IN A PROGRAM OR SERVICE VBGC OFFERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Dem Director | Trustee | 2 | $0 |
Debbie Graziano Treasurer | OfficerTrustee | 2 | $0 |
Ben Ceja Director | Trustee | 2 | $0 |
Juan Ramos Director | Trustee | 2 | $0 |
David Kohn Director | Trustee | 2 | $0 |
Dale Davison Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $844,144 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,460,823 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,304,967 |
| Total Program Service Revenue | $0 |
| Investment income | $71,886 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$47,374 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,337,900 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $30,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $129,182 |
| Compensation of current officers, directors, key employees. | $14,931 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $996,635 |
| Pension plan accruals and contributions | $23,014 |
| Other employee benefits | $114,379 |
| Payroll taxes | $89,477 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $47,306 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $51,657 |
| Advertising and promotion | $0 |
| Office expenses | $71,111 |
| Information technology | $18,977 |
| Royalties | $0 |
| Occupancy | $169,478 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $148 |
| Interest | $2,588 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $281,395 |
| Insurance | $118,459 |
| All other expenses | $51,212 |
| Total functional expenses | $2,612,520 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $165,896 |
| Savings and temporary cash investments | $45,108 |
| Pledges and grants receivable | $431,956 |
| 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 | $58,829 |
| Net Land, buildings, and equipment | $7,190,399 |
| Investments—publicly traded securities | $2,508,520 |
| Investments—other securities | $401,290 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,374,055 |
| Total assets | $13,176,053 |
| Accounts payable and accrued expenses | $157,206 |
| 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 | $100,000 |
| Other liabilities | $0 |
| Total liabilities | $257,206 |
| Net assets without donor restrictions | $8,413,498 |
| Net assets with donor restrictions | $4,505,349 |
| 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 | $13,176,053 |