Variety Club Of New England
- Assets
- $359.7k
- Revenue
- $14.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Southborough, MA
- Founding
- 03/1995
- Data as of
- 09/2019
- EIN
- 04-6088062
Organization Overview
Variety Club Of New England is located in Southborough, MA. The organization was established in 1995. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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 Club Of New England 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 09/2019, Variety Club Of New England generated $14.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (50.5%) each year. All expenses for the organization totaled $30.7k during the year ending 09/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE THE WELFARE OF NEEDY CHILDREN
Describe the Organization's Program Activity:
Part 3 - Line 4a
BOSTON CHILDREN'S HOSPITAL-HOLD HOLIDAY PARTY FOR CHILDREN CONFINED TO THE HOSPITAL DURING HOLIDAY SEASON. PROVIDE EACH ONE WITH A GIFT. ALSO HOLD A SUMMER OUTING FOR CHILDREN THAT ARE AWAY FROM HOME AND ARE ABLE TO LEAVE THE HOSPITAL TO ATTEND A PICNIC.
THE JIMMY FUND, DANA FARBER CANCER INSTITUTE- FOR RESEARCH AND DEVELOPMENT TOWARD A CURE FOR CANCER.
JOEY FUND-FOR RESEARCH AND DEVELOPMENT TOWARD A CURE FOR CYSTIC FIBROSIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Nerich President | OfficerTrustee | 0 | $0 |
Jeffrey Aldrich Vice Preident | OfficerTrustee | 0 | $0 |
Mark A Clausen Treasurer | OfficerTrustee | 0 | $0 |
Davis Caplan Clerk | OfficerTrustee | 0 | $0 |
Deborah Cutler Director | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Armand & Company Pc Accounting | 9/29/19 | $0 |
Clausen & Company Cpas Pc Accounting | 9/29/19 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,403 |
| Investment income | $2,293 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,696 |
| Statement of Expenses | |
|---|---|
| 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 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 | $9,500 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $1,873 |
| All other expenses | $0 |
| Total functional expenses | $30,694 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,376 |
| Savings and temporary cash investments | $347,322 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $359,698 |
| Accounts payable and accrued expenses | $5,000 |
| 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 | $5,000 |
| Net assets without donor restrictions | $354,698 |
| 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 |
| Total liabilities and net assets/fund balances | $354,698 |