Varflex Educational Foundation Ii Tr
- Assets
- $116.7k
- Revenue
- $3.0k
- Investments
- $102.7k
- Employees
- 0
- Location
- Rome, NY
- Founding
- 03/2005
- Data as of
- 12/2022
- EIN
- 16-6552465
Organization Overview
Varflex Educational Foundation Ii Tr is located in Rome, NY. The organization was established in 2005. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Varflex Educational Foundation Ii Tr 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 12/2022, Varflex Educational Foundation Ii Tr generated $3.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (15.3%) each year. All expenses for the organization totaled $59.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Varflex Educational Foundation Ii Tr has awarded 412 individual grants totaling $382,500. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles J Schoff Trustee | 1 | $0 | |
Daniel J Burgdorf Trustee | 1 | $0 | |
Richard Greggains Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,243 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,286 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,957 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $366 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,423 |
| Contributions, gifts, grants paid | $58,500 |
| Total expenses and disbursements | $59,923 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,026 |
| Savings and temporary cash investments | $5,987 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $24,154 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $116,720 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Varflex Educational Foundation Ii Tr has awarded $58,500 in support to 53 organizations.
| Grant Recipient | Amount |
|---|---|
BABCOCK A PURPOSE: SCHOLARSHIP TO ATTEND COLLEGE OR UNIVERSITY. | $1,000 |
BERNABE D PURPOSE: SCHOLARSHIP TO ATTEND COLLEGE OR UNIVERSITY. | $1,000 |
CAMPBELL L PURPOSE: SCHOLARSHIP T0 ATTEND COLLEGE OR UNIVERSITY. | $1,000 |
CAMPBELL B PURPOSE: SCHOLARSHIP T0 ATTEND COLLEGE OR UNIVERSITY. | $1,000 |
DAVIS R PURPOSE: SCHOLARSHIP TO ATTEND COLLEGE OR UNIVERSITY. | $1,000 |
GOTCH P PURPOSE: SCHOLARSHIP T0 ATTEND COLLEGE OR UNIVERSITY. | $1,000 |